News, Commentary, Charts and Videos You May Have Missed

Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week.

We released our latest short video update in which we explored whether the global property bubble was beginning to burst?

Positive developments in the gold market included a surge in demand for gold and silver bullion coins ‘Down Under’ with our friends at the Perth Mint of Western Australia (we have been an Approved Dealer since 2005). As the Aussie property bubble continues to burst, risk-averse investors are accumulating physical gold and silver as hedges and insurance.

Another important development was an EU central bank buying gold for the first time since 1998. Poland’s central bank added to its gold reserves in August, buying more than seven tons of gold, which followed its purchase of two tons in July.

The prudent are advocating reducing allocations to overvalued risk assets – especially bonds. We featured an excellent article by Money Week editor John Stepek in which he made the case for owning equities and gold, rather than bonds.

Stepek’s article was prescient as bond markets, especially the US bond market, have seen serious sell-offs and a marked rise in yields yesterday. The serious ramifications of this for stock markets and the wider market is now being digested.

Enjoy and have a nice weekend!

Market Updates and News This Week

Are Global Property Bubbles Starting To Burst? GoldCore Video

Interest Rates Are Spiking Again: Why This Is A Huge Deal

Perth Mint’s Gold and Silver Bullion Coin Sales Soar In September

“I’m Favouring Equities and Gold Over Bonds” – Stepek

Poland Buys Gold For First Time In 20 years

“Gold Is Very Oversold And Due A Bounce” said GoldCore

Silver and Platinum Are Both Very Cheap

Charts This Week

Source: Bloomberg

Source: Bloomberg

Source: Bloomberg

Source: ZeroHedge

   Period       Gold (oz)       Silver (oz)
      (year-month)                  
    2018-September         62,552          1,305,600
       2018-August         38,904           520,245 
         2018-July          29,921           486,821
         2018-June          16,847           229,280
          2018-May          14,800           557,120
                                    
        2018-April          15,161           458,655
        2018-March          29,883           975,921
          2018-Feb          26,473           992,954
          2018-Jan          37,174         1,067,361
          2017-Dec          27,009           874,437
          2017-Nov          23,901           544,436
          2017-Oct          44,618           999,425
         2017-Sept          46,415           697,849
          2017-Aug          23,130           392,091
         2017-July          23,675         1,167,963
         2017-June          19,259         1,215,071
          2017-May          29,679           826,656
        2017-April          10,490           468,977
        2017-March          22,232           716,283
          2017-Feb          25,257           502,353
          2017-Jan          72,745         1,230,867
          2016-Dec          63,420           430,009
          2016-Nov          54,747           984,622
          2016-Oct          79,048         1,084,213
         2016-Sept          58,811         1,031,858
          2016-Aug          14,684           376,461
         2016-July          16,870           693,447
         2016-June          31,368         1,220,817
          2016-May          21,035           974,865
        2016-April          47,542         1,161,766
        2016-March          47,948         1,756,238
          2016-Feb          37,063         1,049,062
          2016-Jan          47,759         1,473,408
Perth Mint Gold and Silver Sales (Monthly via Reuters)

Videos This Week

Gold Prices (LBMA AM)

04 Oct: USD 1,199.45, GBP 925.02 & EUR 1,043.28 per ounce
03 Oct: USD 1,203.50, GBP 925.73 & EUR 1,040.55 per ounce
02 Oct: USD 1,192.65, GBP 919.77 & EUR 1,035.46 per ounce
01 Oct: USD 1,185.30, GBP 907.94 & EUR 1,021.02 per ounce
28 Sep: USD 1,183.50, GBP 906.44 & EUR 1,020.41 per ounce
27 Sep: USD 1,196.00, GBP 911.59 & EUR 1,020.91 per ounce

Silver Prices (LBMA)

04 Oct: USD 14.63, GBP 11.27 & EUR 12.72 per ounce
03 Oct: USD 14.74, GBP 11.36 & EUR 12.75 per ounce
02 Oct: USD 14.51, GBP 11.20 & EUR 12.59 per ounce
01 Oct: USD 14.55, GBP 11.16 & EUR 12.53 per ounce
28 Sep: USD 14.31, GBP 10.97 & EUR 12.35 per ounce
27 Sep: USD 14.42, GBP 10.98 & EUR 12.31 per ounce

Recent Market Updates

– Brexit To Burst Dublin and London Property Bubbles? GoldCore Video
– Perth Mint’s Gold and Silver Bullion Coin Sales Soar In September
– “I’m Favouring Equities and Gold Over Bonds” – Stepek
– Poland Buys Gold For First Time In 20 years
– This Week’s Golden Nuggets – Central Banks, Goldman, Bank of America Positive On Undervalued Gold
– Central Banks Positivity Towards Gold Will Provide Long Term “Support To Gold Prices”
– Europe Unveils “Special Purpose Vehicle” With Russia and China To Bypass SWIFT, Jeopardizing Dollar’s Reserve Status
– Gold Set to Soar Above $1,300 – Goldman and Bank of America
– Goldnomics Podcast: Silver Guru – David Morgan – Silver and Gold Will Protect in the Coming Currency Collapse
– This Week’s Golden Nuggets – Dalio’s Dollar Crisis, Fitt’s U.S. Government “Missing” $21 Trillion and Silver Guru’s End of Empire
– Dalio Warns Of Dollar Crisis – “History Is Doomed To Repeat Itself”
– Silver Guru Video: “The End of Empire and End of Fiat Currencies”