Gold Blog

Why Gold Prices Fell and Why It Is “Going Much, Much Higher”

Jim Rickards via The Daily Reckoning The coronavirus continues to take its toll on the stock market. For investors accustomed to “buying the dip,” this is quite a change. As noted macroeconomic analyst Mohamed El-Erian said earlier today: I understand the inclination to buy on the dip. I understand that the path of least resistance […]

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Three Charts and History Show Gold May Only Be Getting Started

◆ If history, data and charts are anything to go by, even with gold at seven-year highs, there’s still room for more gains ◆ Holdings in gold ETFs remain very low versus total assets ◆ Gold is a ‘resilient ballast’ in recessions and in recessions gold gains 11.5% and stocks fall 34.1% on average (see […]

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Goldman: 3 Key Reasons Why We Are Bullish On Gold

On “Bloomberg Commodities Edge”, Bloomberg’s Alix Steel and Naureen Malik talk with Jeff Currie, global head of commodities research at Goldman Sachs. They discuss Goldman’s bullish stance on gold. Gold is gaining on mounting speculation China and other central banks will unleash stimulus to counter the economic pain from the coronavirus outbreak, boosting liquidity in […]

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Newstalk: ‘Oracle’ Buffett and Martians: “Is Gold Worth Anything At All?”

Newstalk interviewed Mark O’Byrne, Research Director at GoldCore about gold’s value and utility and why it has had a value throughout history and it’s continuing value today as a hedge and a safe haven monetary asset. Warren Buffett’s simplistically negative comments regarding gold are “wrong on so many levels” according to Mark O’Byrne of GoldCore. […]

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Irish Times: Gold Buying Surge Seen By GoldCore Due To Deepening Economic Concerns

Gold prices surge as coronavirus fears impact on equities. Gold rose more than 2.5% to a seven-year high on Monday of $1,688 per ounce. (Irish Times) Irish gold brokers GoldCore said on Monday that it had witnessed a massive spike in transactions on foot of the jump in coronavirus cases outside China. Fears of a […]

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Gold May Rise To $2,000/oz This Year Due To Strong Coin and Bar, ETF and Central Bank Demand

IGTV interviewed Mark O’Byrne, Research Director at GoldCore about the outlook for gold and silver bullion. He is bullish on both precious metals in the medium and long term. The fundamentals are very strong with strong central bank demand and ETF gold holdings reaching an all time record high due to deepening political and economic […]

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Gold Surges to New Record Highs In Euros, Yen, Canadian, Australian and New Zealand Dollars

◆ Gold has surged to new record highs in euros, yen, Canadian, Australian and New Zealand dollars and most emerging market currencies. ◆ Gold has built on recent gains and reached seven year highs in dollars at $1,636/oz and reached new record highs in euros today at €1,515.80/oz. ◆ Safe haven gold has surged to […]

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Gold Reaches New All Time Record Over €1,500/oz, Breaks Over $1,600/oz and Silver Surges To $18.44/oz

◆ Gold soared to new record highs in euros today at €1,500.11/oz and broke through the important $1,600 level to as high as $1,619.18 per ounce as traders and investors diversify out of more pandemic exposed risk assets to traditional safe havens ◆ Silver surged to $18.44/oz and is 4% higher this week, while palladium […]

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Silver Bullion To $50/oz and When to Sell Gold or Silver [VIDEO]

◆ Silver bullion is set to outperform gold, other precious metals and the vastly over valued risk assets of stocks and bonds in the coming years ◆ The record nominal high of $50 in 1980 and in 2012 will almost certainly be seen in the next two years ◆ Never miss breaking precious metals news […]

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Trump, Saudi Arabia and the End of the Petrodollar

◆ The end of Saudi Arabia and the coming revolution in Islam according to Robert Fisk ◆ The end of Saudi Arabia means the end of the petrodollar which will likely lead to the dollar falling severely against gold resulting in severe inflation, nationalisation of retirement savings and other forms of wealth confiscation according to […]

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Gold Surges 3% After U.S. Fed’s First Emergency Rate Cut Since 2008

◆ Gold surges 3% and has largest daily gain since June 2016 as the Fed delivers a surprise emergency rate cut, the first since 2008 ◆ Gold has gained over 10% in dollars and by more in other currencies so[...]

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BIS Warns of ‘Major Faultlines' In Global Debt Bubble

  - BIS warns "unrealistic and dangerous to expect that monetary policy can cure all the global economy’s ills" - Bank of International Settlements warns that recent turmoil is not caused by isolated incidents - Debt levels are now so[...]

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