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Gold: the 3,000 year old “fashion” is back in favour
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Rising interest rates – when happen – are positive for gold
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This seen in data, charts – 2003 to 2006 period and 1970s
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Given risks today – higher allocations of as much as 30% are merited
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Important to own “physical gold” coins and bars in safest vaults in world
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Important to own physical due to increasing likelihood of COMEX default
GoldCore discussed the outlook for gold on “Bloomberg Markets” yesterday with Matt Miller and Mark Barton and the interview can be watched here
LBMA Gold Prices
27 Jan: USD 1,116.50, EUR 1,027.14 and GBP 781.04 per ounce
26 Jan: USD 1,114.70, EUR 1,028.42 and GBP 785.80 per ounce
25 Jan: USD 1,103.70, EUR 1,020.29 and GBP 773.96 per ounce
22 Jan: USD 1,097.65, EUR 1,012.55 and GBP 769.63 per ounce
21 Jan: USD 1,096.80, EUR 1,006.98 and GBP 774.99 per ounce
News
Gold Is Back in Fashion, Here’s Why – GoldCore on Bloomberg TV
Gold near 12-week high as dollar slips ahead of Fed statement – Reuters
China stocks sink again; Nikkei makes strong gains – Marketwatch
Kazakhstan Lifts Gold Holdings in 2015 as Central Banks Buy – Bloomberg
China’s Gold Imports From Hong Kong Jump to Highest Since 2013 – Bloomberg
Commentary
“Own Physical Gold” Coins and Bars – GoldCore on Yahoo Finance
Something Snapped At The Comex – Zero Hedge
New Record Low Comex Gold Inventory – Gold Seek
COMEX Registered Gold Inventories Plummet 73% In One Day – SRSRocco Report
Apple’s Revenue “Falls Off A Cliff” – Dollar Collapse
Breaking Gold and Silver News Today – Click here
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