Gold News

Theresa May Quits As PM – Gold In British Pounds Reaches £1,015 Per Ounce

Gold in British pounds consolidates over £1,000 per ounce after reaching £1,015 per ounce due to political uncertainty and concerns of a Hard Brexit Theresa May, in an emotional speech outside 10 Downing Street, said she had “done everything” she could to convince MPs to back the withdrawal agreement she had negotiated with the EU […]

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Sterling Down For Record 13th Day on Political Uncertainty and Hard Brexit Fears

Pound extends fall as support for Theresa May evaporates Gold ends modestly higher, edges up further in electronic trade after Fed minutes Fed minutes: No rate moves are coming ‘for some time’ even if the economy improves Trump cuts short infrastructure meeting, blasts Pelosi’s ‘cover-up’ accusation Deutsche Bank shares collapse and executives brace for its […]

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UK’s Massive £5 Trillion Plus Real Debt Will Result In Currency Crisis (GoldCore Video)

While all the focus is on Brexit, the UK faces a debt and currency crisis UK has over $8T in external debt: 2nd largest debtor in the world after the U.S. True UK government debt exceeds £5 trillion as pension liabilities not in official numbers Total UK national nominal debt surged over £2 trillion; Increasing […]

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Brexit Blues Hits House Prices in Almost Every London Borough

News Brexit Blues Hit House Prices in Almost Every London Borough Bank of England warns of ‘more frequent’ rate increases than expected Gold posts a modest rise after ending last week at a 2-week low Gold steadies as equities dip, focus turns to Fed minutes Stocks in Asia mixed as US-China trade tensions take a […]

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Gold Suppression: It’s Not a Question of IF but to WHAT EXTENT

by Frank Holmes via USFunds.com First of all, let me say that gold price suppression (“fixing,” “rigging,” “manipulating” or however else you want to think about it) is not just a conspiracy theory. It’s a well-documented phenomenon, with real actors and real ramifications. In 2014, Barclays was fined nearly $44 million for failing to prevent […]

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3 Charts Warning Investors To Rebalance Portfolios

by Frank Holmes via SeekingAlpha.com Before we get to looking at those three charts, let’s talk about the trade war. On Friday the Trump administration made good on its threat to raise tariffs on as much as $200 billion worth of Chinese imports to 25 percent from the previous 10 percent. The president also said […]

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VIDEO: We Have The Power To End Gold Price Suppression – Interview with Chris Powell (Part 2)

– “Over the long term, justice, fairness and decency will prevail … that is the history of mankind…as seen in the ascent of man … things tend to get better over the long term …” – CALL To ACTION: Precious metals suppression is only possible if gold buyers and investors give their money & energy […]

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Gold Tops $1,300/oz As Trade Wars Escalate and Increased Risk of U.S. War With Iran

* Gold sees safe haven demand push it to highest in one month as it breaches key $1,300/oz and £1,000/oz levels * U.S. China trade wars escalates as China retaliates and imposes tariffs on $60 billion of U.S. goods * Increased risk of war in Middle East after U.S. alleges Iran bombed Saudi oil vessels […]

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Seven Banks Rigging The Multi-Trillion Dollar Foreign Exchange Market

(Reuters) – Barclays, Citigroup, HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in coming weeks for rigging the multi-trillion dollar foreign exchange market, two people familiar with the matter said. The other three lenders are Royal Bank of Scotland, UBS and a small Japanese bank, the people said. […]

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GOLD SUPPRESSION IS “THE BIGGEST ISSUE IN THE WORLD TODAY” – CHRIS POWELL OF GATA

– GOLD PRICE SUPPRESSION is “the BIGGEST ISSUE in the WORLD … it involves the valuation of all capital, labor, goods and services in the world and these valuations are being set in a really imperialistic and totalitarian way and not in an open and transparent way & we think this is evil – Brief […]

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Deutsche Bank’s Crisis Will Likely Lead To U.S. and Global Banking Crisis

by Christopher Whalen, via TheAmericanConservative.com Americans generally think of Europe first as a wonderful place to visit. They rarely ponder the economic and financial ties between the United States and European Union, but in fact these ties are extensive and significant to the stability of both economies. One area of particular connection involves the large […]

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Is Turkey The Snowflake That Unleashes The European Banking System Avalanche?

by Claudio Grass on ClaudioGrass.ch Turkey’s debt problem, coupled with the plummeting lira, is arguably the most important risk factor for the nation’s economy. To make matters worse, far from it posing a threat just to Turkey itself, it also has the potential to inflict significant damage elsewhere too, starting with key economies in the […]

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Gold To Gain as Global Markets Brace for Turmoil: Reuters Poll

(Reuters) – A slowing global economy, stock market turmoil, delays to interest rate rises and potential U.S. dollar weakness are expected to boost average annual gold prices to their highest since 2013, a Reuters poll found. Gold will average $1,322 an ounce this year and $1,369 in 2020, the median forecasts returned by the poll […]

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Global Gold Demand Gains In Q1, 2019: Central Banks Buy Gold Bullion and ETFs See Inflows

Diversification, safety and liquidity remained top priorities for central banks across the globe.  For many, gold was the asset to best meet these needs. Global Gold Demand Trends Q1 2019: Global gold demand lifted by central banks and ETFs This compares with a relatively weak Q1 2018, when demand sank to a three-year low of […]

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Italy Is Latest Country Seeking To Bring Their People’s Gold Home

by Virginia Filder for Gold Telegraph European Central Bank’s President Mario Draghi recently announced that the ECB would be required to approve any management of gold reserves within the euro zone countries. The statement was specifically directed at two Italian members. Why was Italy singled out? According to the Wall Street Journal, Italian citizens are […]

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Gold Investors Taking Possession and Repatriating Gold To Home Country

There is a growing movement by investors and central banks internationally to “repatriate” gold and own it “in country” due to concerns of gold confiscation and financial repression involving capital and exchange controls. A form of gold confiscation has already been seen with Venezuela unable to repatriate their remaining gold from the Bank of England. […]

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Australia and American Property Markets To Crash Like Ireland?

Australian, American and British People Need To Learn Lessons from Ireland ‘First Hand View From Ireland’ – Martin North & Eddie Hobbs Australian financial expert, Martin North discusses the Irish property crash and financial crisis a decade ago with financial writer and adviser Eddie Hobbs. The interview is excellent and well worth a watch as […]

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Death of Inflation and the Death of Equities?

Is Inflation Dead? – Bloomberg Business Week Inflation Is Here and Coming From a contrarian perspective, the front page of Bloomberg Business Week this week is a classic contrarian sign that we may be on the verge of a serious bout of inflation or indeed stagflation as the global economy slows sharply and currencies are […]

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SWOT Analysis:Venezuela Sells $400 Million Worth Of Gold Bullion

By Frank Holmes via GoldSeek Strengths The best performing metal this week was palladium, up 3.52 percent as CPM Group noted that the price could climb to $1,800 on supply constraints. Gold traders and analysts switched from bullish to mostly neutral or bearish on the yellow metal this week, according to the weekly Bloomberg survey. […]

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World’s Central Banks Want More Gold – India May Buy 1.5M Ounces In 2019

Royal Bank of India (RBI) may buy another 1.5 million oz this year according to OCBC Many other central banks including large creditor nations Russia and China are also adding to gold holdings via Bloomberg India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its […]

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