Happy Saint Patrick’s Day Wishing you health, wealth, good luck and good fun this Saint Patrick’s Day from all the team in GoldCore May your home be filled with laughter May your pockets be filled with gold And may you have all the happiness Your heart can hold GoldSaver Account allows anyone to buy and […]
– Ireland’s Minister of Finance shifted personal wealth out of stocks and into gold – Minister invested in SPDR Gold Shares ETF, Portuguese government bonds and other ETFs – Maintained holdings in bank and agricultural commodities ETFs – Gold ETF not a safe haven asset – much unappreciated counterparty risk The Minister for Finance in […]
– Gold has risen 11% versus the euro in 2015 – Builds on 12% gains against the euro in 2014 – Sentiment poor despite reasonable performance – Gold performing well considering significant gains in stocks and dollar – Dollar centric view misleading – Currency wars intensifying – Complacency and hubris rife Gold rose 12% against […]
– Largest banks in Germany and Spain fail Federal Reserve’s ‘stress tests’ – Stress tests designed to assess whether lenders can withstand another financial crisis – U.S. subsidiaries fail Fed stress tests on ‘‘widespread and critical deficiencies’’ in identifying risks – Deutsche and Santander bank fail on “qualitative” grounds – 28 out of 31 banks […]
– Bloomberg View’s Mark Gilbert misrepresents our widely read Apple gold demand – CNBC quoted extensively and favourably from our market update – Gilbert quoted selectively from our piece to misrepresent “gold bugs” – Silly gold ‘bug’ name calling shows bias against gold and towards stocks – “Gold bugs” and “stock roaches” can peacefully coexist […]
Political uncertainty beginning to impact bond and property markets UK bonds and stocks at all time record highs and ‘bubbly’ FTSE looks overvalued and ripe for sharp correction “Air of caution in the run-up to the general election” hits London property City of London has most to lose from Brexit Brexit may isolate UK – […]
– Dollar has declined as reserve currency over past decade from 70% of global reserves to 61% – Chinese yuan is growing in stature as international currency – IMF deputy director calls for de-dollarisation in emerging markets – Many countries have begun de-dollarising – BRICS development bank – rivaling the IMF and World Bank – […]
– There is a major new buyer in the gold market – Apple – New Apple watch could use up to one third of total annual gold supply – Apple expects to sell one million gold watches per month – Each watch to use up to two ounces of gold – May have enormous ramifications […]
– Bank accounts at majority of banks in Britain and Ireland are vulnerable to hacking says Financial Times – Two-step authentication process used by most banks is inadequate – Vulnerabilities identified similar to those that were used by hackers to steal up to $1 billion across Eastern Europe – UK regulator says bank customers must […]
– From “Spocking” in Canada to overtly political imagery in Greece, paper currency is growing in popularity – Outpouring of affection for Leonard Nimoy has inspired the phenomenon of “Spocking” in Canada – Greek artist Stefanos alters euro notes to deliver a political message – Defacing notes is illegal and a criminal offence in the […]