◆ Gold rose 1% last week and had its second week of gains which is positive from a technical and a momentum perspective. Spot gold was flat in late morning trading in Europe at $1,770.30 per ounce which is just $10 shy of a near eight year high of $1,779.06, hit last week. NEWS and […]
◆ Gold rose to a high of €1,779.10 during trading yesterday, the highest levels seen since October 2012. As we move towards the end of June gold prices have continued to rise to levels not seen since 2012. The yellow metal continues to flirt with $1,800 and while that level is primarily a psychologically nice […]
◆ World’s wealthy are being urged by their financial advisers to hold more gold as they question the strength of the stock market rally and are concerned about the long-term impact of global central banks’ cash splurge. ZURICH /LONDON (via Reuters) – As stock markets roar back from the coronavirus led rout, advisers to the […]
◆ Zombie Currencies Cometh! Goldnomics Podcast (Part II) ◆ Opportunities and risks for investments in a world of “infinite currency” are looked at. ◆ Outlook for property (residential and commercial), bitcoin and cryptos and gold bullion (versus gold exchange traded funds or ETFs) is looked at by GoldCore’s Mark O’Byrne (Research Director), Stephen Flood (CEO) […]
◆ What is the outlook for markets, investments, savings and assets in a world of “infinite currency”? ◆ The opportunity and risks are considered in Episode 15 of the Goldnomics Podcast by GoldCore’s Mark O’Byrne (Research Director), Stephen Flood (CEO) and Dave Russell (Director). ◆ In Part I, we look at the outlook for digital […]
◆ The owner or transporter of the gold bars could not be established despite ‘extensive investigations’ by the police in Switzerland. (via CNN) — Swiss police are looking for a forgetful individual who left something rather important on a train — a package full of gold bars, worth more than $190,000. The parcel containing the […]
Smart Money interviews the Research Director of GoldCore, Mark O’Byrne, in the first Smart Money Series Online Live Conference. The presentation including slides begins at 1 hour 12 min and 42 seconds. ◆ Why do people buy gold and what are it’s benefits to investors and pension owners? ◆ Why do Bank of America believe […]
◆ Physical Gold Market Is Globalising As People and Institutions Globally but Particularly in Turkey, the Middle East, South East Asia, India, China Assume Dominance Over Banks in New York and London ◆ The London and New York fractional, unallocated bank gold trading and digital gold market is breaking up ◆ “This wasn’t peak fear. […]
Gold is 3.3% higher this week and acting as a hedge and safe haven again as stock markets globally see sharp selling pressure due to concerns about the appalling global economic outlook. Gold has performed well despite the rout in stocks this week. U.S. stocks including the S&P 500 are down sharply with the S&P […]
Editors Note: Astute people of the left and right, liberals and conservatives and of no political persuasion at all, have recognised gold’s importance as a way to protect people from political and economic stupidity and corruption. Alas, there is plenty of that today and people need to protect themselves, their families and their companies by […]
by Stephen Roach via Bloomberg Opinion ◆The world is having serious doubts about the once widely accepted presumption of American exceptionalism. The era of the U.S. dollar’s “exorbitant privilege” as the world’s primary reserve currency is coming to an end. In the 1960s French Finance Minister Valery Giscard d’Estaing coined that phrase largely out of […]
◆ WHY GOLD? That’s a question I’m asked frequently. It’s usually followed by a comment along the lines of, “I don’t get it. It’s just a shiny rock. People dig it out of the ground and then put it back in the ground. What’s the point?” I usually begin my reply by saying, “It’s not […]
◆ Covid-19 is accelerating many trends that were already in existence. The rising gold price is one such trend. These seven charts, says Dominic Frisby, reveal why gold could soon “go bananas” writing in Money Week It’s all about gold today, folks. This is the week that Incrementum AG puts out its annual research note, […]
◆ WORLD SILVER SURVEY 2020 from the SILVER INSTITUTE GLOBAL SILVER DEMAND EDGED HIGHER IN 2019, WITH INVESTMENT DEMAND UP 12%, WHILE SILVER MINE SUPPLY FELL FOR THE FOURTH CONSECUTIVE YEAR Global silver demand was pushed higher in 2019, with a 12 percent increase in investment demand as retail and institutional investors focused their attention […]
The gold supply chain is truly global. Gold is mined on every continent except Antarctica, refined into bars and coins in numerous countries, and distributed far and wide. This geographical dispersion not only brings stability to the gold market, it is also necessary to satisfy demand. But the onset and scale of the COVID-19 pandemic […]
◆ SILVER SHOULD BE 10x HIGHER & WARREN BUFFETT IS “TALKING HIS BOOK” ON GOLD” Tom of Palisade Radio welcomes Mark O’Byrne, Research Director and founder of GoldCore, back to the show. GoldCore is Ireland’s leading gold bullion broker and storage specialist (est. 2003). Mark discusses the overall world economy and how it will only […]
◆ GoldCore are delighted to publish the 14th edition of the annual “In Gold We Trust” report, “The Dawning of a Golden Decade” by by our friends Ronald-Peter Stoeferle & Mark J. Valek of Incrementum AG. Gold prices should rise to over $5,000/oz and may rise as high as $9,000/oz in the coming decade and […]
Published on Independent Trustee Company (27/05/2020) ◆ With the current level of uncertainty in world markets we have received numerous requests for information on how self directed pension schemes (pre and post retirement) can hold gold and silver. It is accepted that if gold bullion is held via a gold certificates ( Perth Mint Certificates […]
◆ Gold and silver prices are marginally lower after seeing gains overnight in Asian trading. An escalation of hostilities between the US and China had initially seen investors seek refuge in the safe haven prior to profit taking set in as stocks globally rose as economic lockdowns began to ease. NEWS and COMMENTARY Gold eases […]
◆ The global economy was flashing danger signs long before the pandemic… ◆ For one thing, many countries were clamouring to get hold of as much gold as possible. ◆ For the past decade they have been buying new reserves and bringing it home from overseas storage to an extent never seen in modern times. […]