◆ 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 2011 will almost certainly be seen in the next two years ◆ Never miss breaking precious metals news […]
◆ 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 […]
◆ State Street’s senior multi-asset strategist, Benjamin Jones, discusses the importance of gold in asset allocation on “Bloomberg Daybreak: Europe” ◆ “Bitcoin or gold?” “I prefer gold. Bitcoin is interesting but would I suggest it to my clients … definitely no … but it might be a bit of fun to own on the side” […]
◆ Gold prices surged to new all time record highs in euros today at €1,456 per ounce as the single currency came under selling pressure. ◆ The record highs are due to safe haven demand due to a weaker euro as the German and eurozone economies slow and on concerns about the impact of a […]
◆ Sales of gold jewellery in China are set to plummet this year as the economic damage from the deadly coronavirus crisis widens ◆ People not “in mood” to shop for jewellery says China Gold Association ◆ Luk Fook shortens business hours at stores to curb infections ◆ Editors note: China’s gold jewellery demand will […]
◆ In a rare look inside Bank of England’s gold bullion vault, the BBC is shown and reports that £194 billion worth of gold bars are stored there ◆ They hardly ever let anyone in to film, but the BBC’s Security Correspondent, Frank Gardner, is given access to the Bank of England’s gold vault to […]
◆ Sales of gold jewellery in China are set to plummet this year as the economic damage from the deadly coronavirus crisis widens ◆ People not “in mood” to shop for jewellery says China Gold Association ◆ Luk Fook shortens business hours at stores to curb infections ◆ Editors note: China’s gold jewellery demand will […]
◆ Gold coins including gold sovereigns found in drawers of deceased retiree’s cottage sell at auction for £80,000 ◆ British gold coins including gold sovereigns from the Royal Mint found in drawers and cupboards of cottage fetch £80,000; one British gold sovereign found in a sugar bowl ◆ Auctioneer John Rolfe expected little before he […]
via Bloomberg Gold climbed for a fourth day as investors weighed the unfolding coronavirus crisis, including a stark warning from the head of the World Health Organization about the potential for more cases beyond China and signs the disease is spreading in the key Asian trading hub of Singapore. Prices rose as the death toll […]
Investors Are Shifting Back Into Gold. It Looks Like a Smart Move ◆ With no opportunity cost to holding a zero-yield asset such as gold, investors increasingly are adding it to their portfolios as a hedge. ◆ Gold retains its intrinsic value, something no paper currency has managed to do over history. ◆ Gold is […]
Investors Are Shifting Back Into Gold. It Looks Like a Smart Move by Randall W. Forsyth via Barron’s ◆ With no opportunity cost to holding a zero-yield asset such as gold, investors increasingly are adding it to their portfolios as a hedge. ◆ Gold retains its intrinsic value, something no paper currency has managed to […]
◆ Total known gold holdings in exchange traded funds (gold ETFs) have reached a new record highs as investors diversify into gold ◆ Known gold holdings surge above previous high from 2012 after expanding for past four years and surging in 2019◆ Recent allocations to gold ETFs comes as investors weigh impact of a global […]
◆ “Gold will go to $2,500 per ounce” renowned geopolitical and financial cycle expert Charles Nenner stands by his prediction of record gold prices. ◆ “Cycles show me that gold and silver will be going up for a couple of years. I take profits in a short term top, but … I am in for […]
◆ Gold prices fell 0.6% today after reaching a seven year weekly high close at $1587.90/oz on Friday, gold’s highest weekly price settlement since March 2013, a 4% gain in January and its second straight monthly climb. ◆ Chinese stocks crashed over 7.7% overnight as investors got a chance to react to the worsening coronavirus […]
◆ Gold has rallied 0.4% to $1,581.70/oz today and is at £1,204.60/oz and €1,431/oz, very close to the all time record high in euros seen on January 8th ◆ Concerns about the coronavirus are leading to risk aversion which is impacting economically sensitive, risk assets in the form of stocks and benefiting safe haven gold […]
NEWS and COMMENTARY Gold gains as virus fuels economic worry Gold ends slightly higher as traders eye economic impact of coronavirusGlobal stocks tumble over China epidemic worries U.S. economy growing moderately in fourth quarter US will keep tariffs on China even if coronavirus starts hurting growth, Trump advisor Peter Navarro says How the coronavirus outbreak […]
◆ Silver prices are likely to go “exponential again” according to Guggenheim Partners co-founder Scott Minerd, in an interview with Bloomberg at Davos (see silver chart and interview below) ◆ Silver is “the number one conviction trade in 2020” Minerd, who is also the Guggenheim Global Chief Investment Officer (CIO) told Bloomberg whose conviction trade […]
by Paul R. La Monica via CNN Business Gold was one of the few investments heading higher Monday as worries about the coronavirus outbreak led to a steep market slide. Gold is now up more than 20% in the past year, and trading near $1,600 an ounce, its highest level since 2013. Other precious metals, […]
◆ Gold has risen to new all time record highs in euros at €1,437/oz today due to safe haven demand due to concerns about the Euro zone and the global economy ◆ Gold is consolidating near all time record highs in sterling at £1,210/oz and at seven year highs in dollars at $1,590/oz ◆ Stocks […]
◆ “Cash is trash” and investors should diversify and own gold as part of a diversified portfolio, world’s largest hedge fund manager told CNBC (see news below) at Davos ◆ For the second time in as many weeks, the world’s largest hedge fund, Bridgewater and its founder Dalio is encouraging investors to diversify into gold […]