◆ Gold has surged to test $1,600 per ounce, up 4% so far in 2020 and building on the stellar near 18.9% gain in 2019 ◆ Gold is testing it’s highest levels since 2013 as investors diversify into gold; Goldman, Citi and other gold analysts are advocating gold bullion as important hedge in crisis ◆ […]
Happy Christmas and Wishing You All a Healthy & Prosperous 2020 Happy Christmas to you and yours.We hope you had a prosperous 2019. Thank you for your support during the year and in recent years. Christmas and New Years Trading HoursPlease take note of our trading hours over the Christmas and New Year’s Season. Please […]
With late cycle risks and concerns about global growth, many Wall Street analysts are increasingly bullish on gold. Mark O’Byrne, founder at GoldCore spoke to IGTV’s Victoria Scholar about the outlook for gold in 2020. He explained why most analysts including GoldCore are optimistic on both gold and silver. He also tells IGTV why he […]
By Daniel R. Amerman, CFA As can be seen in the graph above, for the last 12 weeks there has been a stunning visual correlation between the yellow bars of the total weekly funding of deficits by the Federal Reserve, and the green bars of the weekly deficit spending by the United States government. Total […]
◆ Gold coins worth thousands generously gifted to the charity again this year ◆ It just means so much … because it means that they went out of their way to do something extra special…” ◆ Salvation Army gold donors keep giving gold coins including Gold Krugerrands anonymously every year◆ At least three gold coins worth […]
Wealthy and high net investors internationally are moving to the safety of physical gold bullion in secure vaults according to Goldman Sachs. This is according to important data and a chart in the recent very important Goldman note to clients which was not picked up on in the select media who covered it initially. We […]
There’s only one story in the UK this morning – it’s the day Britain goes to the polls. It’s no exaggeration to say that this election is probably the most important of the century so far. If the ruling Conservative party wins a clear majority, then some form of Brexit is almost certain to go […]
◆ U.S. banks couldn’t quickly fund lending market when rates spiked & hedge funds ‘compounded the strains’ in vital part of finance – BIS report ◆ The Bank for International Settlements — the central bank of central banks says that the ongoing mayhem in the U.S. repo market which began in September and has seen […]
◆ Goldman is still forecasting that gold will climb to $1,600 over the next year due to investment demand. ◆ Investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious metal – Goldman Sachs Group Inc. ◆ “We still see upside in gold as late cycle concerns and heightened political […]
◆ Gold could triple to $4,000 according to “bold bets” in the options market New York ◆ Gold options market saw $1.75 million in block trades speculating that gold will surpass it’s nominal record and could almost triple in a year ◆ 5,000 lots of a gold option giving the holder the right to buy […]
The largest gold nugget in Britain has been found in a Scottish river, as experts reveal that members of the public are taking up hunting after watching YouTube clips. The diver, who wishes to remain anonymous, discovered the £80,000 “doughnut-shaped” nugget using a method called “sniping”, in which a prospector uses a snorkel and hand tools to scan […]
Watch latest GoldCore video here ◆ Gold is flowing to strong hands in safer forms of gold ownership, in safer jurisdictions ◆ Gold and silver bullion coins and bars owned by GoldCore’s clients have been moved from Hong Kong to Singapore ◆ Central bank and institutional gold rush is beginning as prudent money diversifies fx […]
◆ The New York Fed added $97.9 billion in temporary liquidity to the financial system yesterday. ◆ The Federal Reserve Bank of New York continues to pump massive liquidity amid very heavy demand by banks for year-end funding; the $97.9 billion involved overnight repurchase agreements, or repos, worth $72.9 billion and the balance via 42-day […]
◆ Global debt has risen to another record at $255 trillion due to cheap borrowing costs. ◆ A decade of easy money has left the world with a record $250 trillion of government, corporate and household debt. ◆ This is almost three times global economic output and equates to about $32,500 for every man, woman […]
◆ Prudent leaders in Eastern European countries are repatriating their national gold reserves and diversifying into gold due to geopolitical risks and monetary risks posed to the dollar, euro and pound ◆ Slovakia has joined China, Russia and a host of countries buying gold or seeking to repatriate their gold from the Bank of England […]
Bloomberg via Yahoo Finance Poland Repatriates Gold From Bank of England Storage to ‘Show Strength of its Economy’ Poland brought about 100 tons of gold home from the Bank of England in a bid to demonstrate the strength of nation’s $586 billion economy, central bank Governor Adam Glapinski said. The institution bought about 126 tons […]
◆ First, the good news from — though it’s not great !◆ Oxford Economics expects the global economy to stabilize in the first half of next year in a new forecast◆ They predict low growth in U.S. stocks next year but a big drop if there’s a recession ◆ Weak productivity growth will limit the global […]
Have we learned the lessons of 2008? Stand-up comedians Konstantin Kisin and Francis Foster interview James Rickards NEWS and COMMENTARY Gold prices end lower for the week Gold prices ease as strong U.S. data lifts dollar, yields Trump’s Fed Pick Judy Shelton Cast Doubt on Central Bank Independence China attacks US at G20 as the […]
3,400 high net worth investors with at least $1 million in investable assets were surveyed by UBS Fifty-five percent of respondents expect a significant drop in the markets at some point in 2020. The super rich have increased their cash holding to 25% of their average assets, the survey showed. A majority of the most […]
‘Retail Gold Insights 2019’ has just been published by the World Gold Council. It is a thematic analysis of their new consumer research survey. With a base of 18,000 participants across India, China, Russia, Germany, the US and Canada, we believe it is the largest ever consumer survey on the global gold market. 5 main themes of […]
Today’s AM fix was USD 1,248.50, EUR 929.64 and GBP 775.76 per ounce. Gold fell $28.70 or 2.25% yesterday, closing at $1,244.70/oz. Silver slid $0.47 or 2.31% closing at $19.85/oz. Platinum dropped $22.80 or 1.6% to $1,389.00/oz, while palladium fell $9.75 or 1.4% to $708.25/oz.
Yesterday’s AM fix was USD 1,271.50, EUR 939.69 and GBP 787.11 per ounce.
Today’s AM fix was USD 1,248.50, EUR 929.64 and GBP 775.76 per ounce.
Gold fell $28.70 or 2.25% yesterday, closing at $1,244.70/oz. Silver slid $0.47 or 2.31% closing at $19.85/oz. Platinum dropped $22.80 or 1.6% to $1,389.00/oz, while palladium fell $9.75 or 1.4% to $708.25/oz.
- UK house prices on brink of massive 40% collapse - UK at ‘edge of worst house price collapse since 1990s’ - Two leading economists warn of property crash - "We are due a significant correction in house prices" - Brexit and[...]