Gold Remains An “Excellent Way to Hedge” for Longer Term – BNP Interview

– “Why hedge because everything is going straight up”?
– Now “is exactly the time when should hedge” as volatility in U.S. markets is low
– “September is the most dangerous month of the year for equities”
– Gold is an “excellent way to hedge for the longer term against the possibility that both equities and bonds go down together at some point and that is quite likely in the next 12 months…
– “Hedging is a form of insurance. You want to buy it when it is cheap and you hope never to use it”
– “The best time to hedge is when prices are low”

Watch Bloomberg Video of BNP Paribas’ global head of equity derivative strategy Edmund Shing on hedging the U.S. markets and gold as a long term hedge and insurance

 

 

 

News and Commentary

Gold rises on dollar weakness, physical demand (Reuters.com)

Asian Stocks Head for One-Year Low, Yen Advances (Bloomberg.com)

Nasdaq falls as U.S. lawmakers grill Facebook, Twitter executives (Reuters.com)

US Mint Gold Coins sales sink in August (ScrapRegister.com)

U.S. Trade Gap Widens Most Since 2015; China Deficit Hits Record (Bloomberg.com)


Source: Bloomberg.com

ASIA’s super rich advised to add more gold to their portfolios (SCMP.com)

Gold And Silver Are Acting Like It’s 2008. They May Be Right (DollarCollapse.com)

Gold’s Ratio to Silver Hits Its Highest Level Since 2008 (Bloomberg.com)

Emerging-Market Contagion Fear Sparks Deepening Rout: Inside EM (Bloomberg.com)

Why Pain in Argentina And Turkey Is Hurting Indonesia (Bloomberg.com)

America’s Finances Seem Fishy (BonnerAndPartners.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below


Gold Prices (LBMA AM)

05 Sep: USD 1,194.70, GBP 932.46 & EUR 1,031.74 per ounce
04 Sep: USD 1,195.75, GBP 932.57 & EUR 1,034.20 per ounce
03 Sep: USD 1,201.70, GBP 933.00 & EUR 1,035.75 per ounce
31 Aug: USD 1,206.85, GBP 927.58 & EUR 1,034.03 per ounce
30 Aug: USD 1,202.35, GBP 924.25 & EUR 1,028.49 per ounce
29 Aug: USD 1,204.30, GBP 935.14 & EUR 1,032.33 per ounce

Silver Prices (LBMA)

05 Sep: USD 14.17, GBP 11.05 & EUR 12.22 per ounce
04 Sep: USD 14.25, GBP 11.11 & EUR 12.33 per ounce
03 Sep: USD 14.53, GBP 11.27 & EUR 12.50 per ounce
31 Aug: USD 14.66, GBP 11.27 & EUR 12.56 per ounce
30 Aug: USD 14.67, GBP 11.27 & EUR 12.54 per ounce
29 Aug: USD 14.69, GBP 11.40 & EUR 12.60 per ounce


Recent Market Updates

– Video: Gold Surges To Record Highs In Emerging Market Currencies – New Highs In USD, EUR, GBP In the Coming Months?
– September Is The Best Month For Gold and Worst Month For Stocks
– Pound Investors Face Months of Volatility Into Brexit Endgame
– This Week’s Golden Nuggets
– Video: “Financial War” Deepens as Russia Buys Gold and Dollar Hegemony At Risk – Rickards on CNN
– Will Indebted Nations Globally Follow Venezuela Into Hyperinflation?
– End Of Dollar Hegemony May Happen Soon and Badly Impact Indebted America
– 10 Incredible Photos From Venezuela Show The Disastrous Risks Of Currency Devaluation
– This Week’s Golden Nuggets
– Video: Is Silver Set for a Massive Breakout?
– Banks Now Long Gold, Short Dollar. What Do They Know?
– Russia Buys 800,000 Ounces Of Gold In July
– Gold Season – Is This It?

Mark O'Byrne

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