Jan Skoyles

Jan Skoyles

Jan was inspired to work in the gold and silver investment markets after working with fund manager Ned Naylor-Leyland, at Cheviot Asset Management. After working with Ned in 2010 Jan wrote her dissertation on the use of precious metals in the monetary system, and graduated with first class honours from Aston University in 2011. Jan then joined The Real Asset Company, and became Head of Research in September 2012. Her thoughts and opinions on gold prices, when to buy gold, how to buy gold, and many other issues facing gold investors, are sought by a range of media including investment sites such as Kitco, GATA, Lewrockwell.com, national media outlets including the Mail on Sunday, The Telegraph, and news channels like RT.

Articles by Jan Skoyles

Gold Has Best Year Since 2010 With Near 14percent Gain In 2017

One Year Relative Performance

Gold Has Best Year Since 2010 With Near 14% Gain In 2017. Gold posted second straight annual gain in USD in 2017. Gold in 2017: up 13.6% USD, up 2.7% GBP, down 1.4% EUR. 2017 is gold’s best year since 29.5% gain in 2010. Strong performance despite rate hikes and stock bubble. India’s gold imports surged 67% in 2017, Turkish, Chinese demand strong. Gold finished 2017 with longest rally since June 2016. 2018: Currency War and The Year of the Phoenix?

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Happy 2nd Birthday Bail-in Tool! We Suggest Gold As The Perfect Gift


Happy 2nd Birthday Bail-in Tool! We Suggest Gold As The Perfect Gift. Two years since bail-in rules officially entered EU regulations. EU bail-in rules have wiped out billions for savers and and businesses, with more at risk. Future of many failing banks now rests on depositors who may no longer be protected by deposit insurance.

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98,750,067,000,000 Reasons to Buy Gold in 2018

One Dollar

98,750,067,000,000 Reasons to Buy Gold in 2018. World equity index market capitalization touching distance of $100 trillion dollars at beginning of December. Key indicators across global financial markets are looking decidedly bubble-like. Little indication that we are through the worst of the financial crisis that started in 2007. Apparent lack of concern regarding the over-heated and overpriced markets.

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Gold, Bitcoin and the Blockchain Replaces the Banks – Realists Guide To The Future


Gold, Bitcoin and the Blockchain Replaces the Banks – Realists Guide To The Future. Futurist guide to 2028 shows a world of uncertainty and disruption. One scenario suggests cybersecurity attacks will result in bitcoin and blockchain’s dominance of financial systems. Cybersecurity threat will still loom large and wreak havoc. Gold, silver and other real assets will benefit. Adoption of cryptocurrencies and blockchain will send gold price soaring. Use of cryptocurrencies to take advantage of world systems will see investors turn to safe havens such as gold bullion and coins.

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New Rules For Cross-Border Cash and Gold Bullion Movements


New EU Rules For Cross-Border Cash, Gold Bullion Movements. War on cash continues and expands to affect non-criminals including gold owners. New definitions of “cash” to be drawn up by EU to include gold and precious metals. Claim cash and gold bullion “often used for criminal activities such as money laundering, or terrorist financing”. Legislation will allow authorities to seize assets from those ‘without a criminal conviction’. New rules usurp those currently in existence since 2005

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‘Gold Strengthens Public Confidence In The Central Bank’ – Bundesbank

Bundesbank Gold Bar

‘Availability of gold strengthens public confidence in the central bank’s balance sheet’ say Bundesbank. Bundesbank has Audited Reserves amounting to almost 3,400 tonnes, around 68% of Bundesbank’s reserve assets. Bank taken series of steps to increase transparency around Germany’s gold holdings. Germany has second largest gold holdings in the world; U.S. believed to be largest. Transparency important and all central banks should follow the Bundesbank lead

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Year-end Rate Hike Once Again Proves To Be Launchpad For Gold Price

Year-end rate hike once again proves to be launchpad for gold price. FOMC follows through on much anticipated rate-hike of 0.25%. Spot gold responds by heading for biggest gain in three weeks, rising by over 1%. Final meeting for Federal Reserve Chair Janet Yellen. Yellen does not expect Trump’s tax-cut package to result in significant, strong growth for US economy. No concern for bitcoin which ‘plays a very small role in the payment system’.

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Bailins Coming In EU – 114 Italian Banks Have Non Performing Loans Exceeding Tangible Assets

Banks with Texas Highest Rate

Bailins Coming In EU – 114 Italian Banks Have NP Loans Exceeding Tangible Assets. Italy opposes ECB proposal that holds banks to firm deadlines for writing down bad loans. Italy’s banks weighed down under €318bn of bad loans. New ECB rules could ‘derail’ any recovery in Italy’s financial system. Draft proposal requires banks to provision fully for loans that turn sour from 2018. ECB insists banks have better access to collateral on delinquent debt to solve problem.

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Silver’s Positive Fundamentals Due To Strong Demand In Key Growth Industries

Silver Price in USD, Jan 2013 - 2017

Silver’s Positive Fundamentals Due To Strong Demand In Key Growth Industries. Increased efforts in green energy and advanced technology set to boosts silver’s demand. Four-year supply deficit set to increase due to fewer mine openings and discoveries. Bank manipulation may be why silver under performing. TD Securities and the Bank of Montreal expect silver to be best performing precious metal in 2018.

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Own Gold Bullion To “Support National Security” – Russian Central Bank


We own gold bullion to “support national security” – Russian Central Bank. Russia warns Washington: Confiscating fx reserves would be “declaration of financial war”. Russia has quadrupled its gold bullion reserves in decade. BRICs discussing ‘the possibility of establishing a single (system of) gold trade’. Russia, China & maybe Saudi Arabia form alliances to unseat petrodollar. Putin warns state-owned and private companies: be ready for rapid transition to war-time operations. Russia, China gold-buying, Saudi strategic shift signal petrodollar era ending

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Buy Gold As Fed Shows Uncertainty And Concern Over Financial ‘Imbalances’

S&P 500 Index, 2008 - 2018

FOMC minutes show uncertainty and concern about markets are affecting officials’ decision-making. Officials were cautious when evaluating market conditions and the ‘damaging effects on the economy’. Worry about ‘potential buildup of financial imbalances’ and a sharp reversal in asset prices’. Members seem oblivious to impact of inflation on households and savings. Physical gold and silver remain the only assets for real diversification and safety

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Geopolitical Risk Highest “In Four Decades” – Gold Demand in Germany and Globally to Remain Robust


Geopolitical risk highest “in four decades” should push gold higher – Citi. Elections, political and macroeconomic crises and war lead to gold investment. Political uncertainty in Germany means “gold likely to remain in good demand as a safe haven” say Commerzbank. “There has rarely been such political uncertainty in Germany at any time in the country’s post-war history” – Commerzbank. Reduce counter party risk: own safe haven allocated and segregated gold.

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Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape

Gold Price History, since 1915

Gold versus Bitcoin: The pro-gold argument takes shape. Why cryptocurrencies will not replace gold as a store of value. Similarities between crypto and gold but that does not make them substitutes. Gold remains a highly liquid market, cryptocurrencies continue to be fragmented and difficult to spend. Bitcoin does not make it an effective hedge against stocks

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Brexit Budget – Grim Outlook As UK Economy Downgraded

Real GDP Growth, March - Nov 2017

Brexit budget – Grim outlook as UK economic forecasts downgrade. UK Chancellor uses housing market policy as smoke-screen for deteriorating economy. UK budget matters more than ever due to BREXIT risks. Policy on stamp duty will fail to aid worsening housing market. Real GDP expected to grow by just 1.5%, 40% less than projections 2 years ago. Households now face an unprecedented 17 years of stagnation in earnings. Critics claim Budget failed to calm Brexit uncertainty. UK and especially London property market at “breaking point”

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UK Debt Crisis Is Here – Consumer Spending, Employment and Sterling Fall While Inflation Takes Off

Credit Cards

UK debt crisis is here – consumer spending, employment and sterling fall while inflation takes off. Personal debt crisis coming to fore – litigation cases go beyond 2008 levels. October consumer spending fell by 2% in October, the fastest year-on-year decline in four years. Britons ‘face expensive Christmas dinner’ as food price inflation soars. Gold investors buying physical gold due to precarious UK and US outlook

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Protect Your Savings With Gold: ECB Propose End To Deposit Protection

European Union

Protect Your Savings With Gold: ECB Propose End To Deposit Protection. New ECB paper proposes ‘covered deposits’ should be replaced to allow for more flexibility. Fear covered deposits may lead to a run on the banks. Savers should be reminded that a bank’s word is never its bond and to reduce counterparty exposure. Physical gold enable savers to stay out of banking system and reduce exposure to bail-ins

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Internet Shutdowns Show Physical Gold Is Ultimate Protection

Internet Shutdowns, Jan 2016 - Sep 2017

Internet shutdowns (116 in two years) show physical gold is ultimate protection. Number of internet shutdowns increased in 2017 as 30 countries hit by shutdowns. Democratic India experienced 54 internet shutdowns in last two years; Brazil 2. EU country Estonia, a technologically advanced nation, experienced a shutdown. Gallup poll shows Americans more worried about cybercrime than violent crime. Governments use terrorist threat as reason for internet kill switch powers. Own physical coins and bars rather than digital gold on a single platform.

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Gold Coins and Bars Saw Demand Rise 17percent to 222T in Q3

Bar and Coin Investment

Gold coins and bars saw demand rise 17% to 222t in Q3, driven largely by China. Chinese investors bought price dips, notching up fourth consecutive quarter of growth. Jewellery, ETF demand fell while gold coins and bars saw increased demand. Central banks bought a robust 111t of gold bullion bars (+25% y-o-y). Russia, Turkey & Kazakhstan account for 90% of 111t of central bank demand. Turkey increased gold purchases and saw broad based physical gold demand.

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Prepare For Interest Rate Rises And Global Debt Bubble Collapse

Real Risk Free Rate, 1314 - 2017

Diversify, rebalance investments and prepare for interest rate rises. UK launches inquiry into household finances as £200bn debt pile looms. Centuries of data forewarn of rapid reversal from ultra low interest rates. 700-year average real interest rate is 4.78% (must see chart). Massive global debt bubble – over $217 trillion (see table). Global debt levels are building up to a gigantic tidal wave.

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Stumbling UK Economy Shows Importance of Gold

UK Flag

UK economy outlook bleak amid Brexit, debt woes and rising inflation. Confidence in UK housing market at five-year low. UK high street sales crash at fastest rate since 2009. Number registering as insolvent in England and Wales hit a five-year high in Q3. UK public finance hole of almost £20bn in the public finances set to grow to £36bn by 2021-22. Protect your savings with gold in the face of increased financial woes in UK.

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World’s Largest Gold Producer China Sees Production Fall 10 percent

China Gold Mine Production 1H 2016 vs 1H 2017

Gold mining production in China fell by 9.8% in H1 2017. Decreasing mine supply in world’s largest gold producer and across the globe. GFMS World Gold Survey predicts mine production to contract year-on-year.
Peak gold production being seen in Australia, world’s no 2 producer. Peak gold production globally while global gold demand remains robust.

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German Investors Now World’s Largest Gold Buyers

China Total Debt, 2004 - 2017

Today, gold is increasingly viewed by German investors as a regular form of saving: 25% of those surveyed in 2016 said their gold purchase had been part of a regular review of their investments, while 23% said it was part of their retirement planning.

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Gold Price Reacts as Central Banks Start Major Change

Gold Price in GBP

Bank of England raised interest rates for the first time in ten years. President Trump announces Jerome Powell as his choice to lead the U.S. Federal Reserve. Most investors outside the US Dollar and Euro see gold prices climb after busy week of central bank news. Inflation now at five-year high of 3%. Inflation, low-interest rate, debt crises and bail-ins still threaten savers and pensioners.

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Why Switzerland Could Save the World and Protect Your Gold

Claudio Grass

Precious metals advisor Claudio Grass believes Switzerland can serve as an example to rest of world. Switzerland popular for gold storage due to understanding of the risks inherent in fiat money and gold’s value as a store of wealth. International investors opt to store gold in Swiss allocated accounts due to tradition of respecting private property.

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Invest In Gold To Defend Against Bail-ins

The War of Wealth

Italy’s Veneto banking meltdown destroyed 200,000 savers and 40,000 businesses. EU bail-in rules have wiped out billions for savers and and businesses, with more at risk. Bail-ins are not unique to Italy, all Western savers are at risk of seeing savings disappear. Counterparty-free, physical gold bullion is best defence against bail-ins.

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Wozniak and Thiel Fuel Bitcoin-Gold Debate: Gold Comes Out On Top


Gold versus bitcoin debate makes further headlines as tech experts weigh in. Peter Thiel tells Saudi conference he believes bitcoin is underestimated and compares to gold. Steve Wozniak tells Money 20/20 that bitcoin is a better standard of value than gold and U.S. dollar. Both men recognise that the US dollar has little value and there are worthy competitors to its crown as reserve currency. Gold continues to hold its value and has multiple uses, bitcoin remains volatile and difficult to use. Experts are pushing an unnecessary debate as gold and bitcoin state more about fiat than each other.

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Eurozone Crisis Is Back


Gold will be safe haven again in looming EU crisis. EU crisis is no longer just about debt but about political discontent. EU officials refuse to acknowledge changing face of politics across the union. Catalonia shows measures governments will use to maintain control. EU currently holds control over banks accounts and ability to use cash. Protect your savings with gold in the face of increased financial threat from EU.

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Le vol de l’or de Chine.

Gold Bar

L’histoire de la Chine et de son obsession pour l’or a été ravivée cette année, comme nous le prouvent les chiffres des importations effectuées via de Hong Kong et négociées sur le Shanghai Gold Exchange. Mais au vu des articles que nous, commentateurs du marché de l’or, écrivons au sujet de l’amour de la Chine pour l’or, il est surprenant de constater qu’il y a moins de cent ans, le pays perdait l’équivalent de milliers d’années de réserves.

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Gold Is Better Store of Value Than Bitcoin – Goldman Sachs

Bitcoin Price in USD, Jan - Oct 2017

Gold is better store of value than bitcoin – Goldman Sachs report. Gold will continue to perform well thanks to uncertainty and wealth demand. Bitcoin’s volatility continues to impact its role as money. Gold up 12% in 2017, bitcoin over 600%. BTC is six times more volatile than gold – see chart.

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Russia Buys 34 Tonnes Of Gold In September

Russian Central Bank Gold Reserves, 2006 - 2017

Russia adds 1.1 million ounces to reserves in ongoing diversification from USD. 34 ton addition brings Russia’s Central Bank holdings to 1,779t; 6th highest. Russia’s gold reserves are at highest point in Putin’s 17-year reign. Russia’s central bank will buy gold for its reserves on the Moscow Exchange.

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Next Wall Street Crash Looms? Lessons On Anniversary Of 1987 Crash

Gold Price in USD, Jan - Dec 1987

Next Wall Street Crash looms? Lessons on anniversary of crash. 30 years since stock market ‘Black Monday’ crash of 1987. Dow Jones Industrial Average fell 22.6% on October 19, 1987. S&P 500, FTSE and DAX fell 20%, 11% & 9% respectively. Gold rose 24.5% in 1987 (see chart), acting as safe haven. Prior to crash, stocks hit successive record highs despite imbalances. Imbalances that lead to 1987 crash are much worse today

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Gold Up 74percent and One Of Top Performing Assets Since Last Market Peak 10 Years Ago

Gold Price Performance, 2002 - 2017

10 year anniversary of pre-Global Financial Crisis market peak in S&P 500 on October 9th. Gold up 74% since the last market peak a decade ago; 11% pa in USD, 9.4% pa in EUR and 12.4% pa in GBP. Precious metal has climbed $736/oz on Oct 9th 2007 to $1278.75 ten-years later. S&P 500’s 102% climb is thanks to asset-pumping policies by central banks, rather than value. Gold’s performance is slowly forcing mainstream to re-consider gold.

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How Gold Bullion Protects From Conflict And War

Gold Backing US Monetary Aggregates

What Steel’s study shows is that, as with any monetary force, it is how it is managed rather than what it is that carries responsibility for conflicts and the resulting financial situation. Steel’s work also demonstrates the strength and protection access to gold will give a country or army during times of conflict.

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Brexit UK Vulnerable As Gold Bar Exports Distort UK Trade Figures


Brexit UK vulnerable as gold bar exports distort UK trade figures. Britain’s gold exports worth more than any other physical export. Gold accounted for more than one in ten pounds of UK exports in July 2017. UK’s stock of wealth has collapsed from a surplus of £469bn to a net deficit of £22bn – ONS error. Brexiteers argue majority of trade is outside EU, this is due to large London gold exports. Single gold bar (London Good Delivery) is, at today’s prices, worth just over £400,000. “There are few things you’ll ever touch which pack so much weight into such a small size”.

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U.S. Mint Gold Coin Sales and VIX Point To Increased Market Volatility and Higher Gold

US Mint Gold Coin Sales, 2005 - 2017

US Mint gold coin sales and VIX at weakest in a decade. Very low gold coin sales and VIX signal volatility coming. Gold rises 1.7% this week after China’s Golden Week; pattern of higher prices after Golden Week. U.S. Mint sales do not provide the full picture of robust global gold demand. Perth Mint gold sales double in September reflecting increased gold demand in both Asia and Europe. Middle East demand likely high given geopolitical risks. Iran seeing increased gold demand and Iran’s gold coin price up by 5%

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Young Guns of Gold Podcast – ‘The Everything Bubble’

Global Precious Metals Roundtable

Young Guns of Gold Podcast – ‘The Everything Bubble’. Precious Metal Roundtable discuss gold in 2017 and outlook. Gold +9.1% year to date; Performing well given Fed raising rates, lack of volatility and surge in stock markets. “People are expecting too much from gold”. Economy: Inflation indicators, recession on the horizon, global debt issues. Global demand: ETF inflows, Russia central bank purchases, Germany investment figures and international coin demand bode well for gold. “First monetary inflation, then asset inflation, next is price inflation …”. Gold bull market resumed; silver should outperform gold

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London House Prices Are Falling – Time to Buckle Up


London house prices fall in September: first time in eight years. High-end London property fell by 3.2% in year. House sales down by over a very large one-third. Global Real Estate Bubble Index – see table. Brexit, rising inflation and political uncertainty causing many buyers to back away from market. U.K. housing stock worth record £6.8 trillion, almost 1.5 times value of LSE and more than the value of all the gold in world.

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Yahoo Hacking Highlights Cyber Risk and Increasing Importance of Physical Gold


Yahoo admits every single one of 3 billion accounts hacked in 2013 data theft. Equifax hacking and security breach exposes half of the U.S. population. Some 143 million people vulnerable to identity theft. Deloitte hack compromised sensitive emails and client data. JP Morgan hacked and New York Fed hacked and robbed. International hacking group steals $300 million. Global digital banking and financial system not secure

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Run On The Pound? Jeremy Corbyn Says Should Plan For

Fifty Pounds

Run On The Pound ? Jeremy Corbyn Says Should Plan For. Right to plan for ‘run on pound’ if Labour wins says Corbyn and Labour party . British pound already down 20% since Brexit, collapse already in play. Run on the pound likely due to Labour’s ‘command economy’ approach. Collapse in Sterling would undermine UK financial system. Portfolios holding sterling and related assets would be significantly affected. Pension funds and property the most likely to get hit by run on the pound. Gold to benefit as sterling collapse picks up pace

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Safe Haven Silver To Outperform Gold In Q4 And In 2018

Silver Price in USD, Jan 2008 - 2017

Safe haven silver to outperform gold in Q4 and 2018. “Expect silver to eventually outperform gold” say Metals Focus. 2017 YTD, silver has underperformed gold, climbing by 5% versus 11%. Silver undervalued versus gold and especially stocks, bonds and many property markets. Will follow gold’s reactions to macroeconomic & geopolitical factors and should outperform gold. Special report on India shows it accounts for just 16% of global silver demand. Silver a “safe haven at times during which gold failed to be” according to academic research

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Gold Matches S&P 500 Performance In First 3 Quarters; Up 12% 2017 YTD

Year to Date Relative Performance

Gold climbs over 12% in YTD, matching S&P500 performance. Palladium best performing market, surges 36% 2017 YTD. Gold outperforms Nikkei 225, Euro Stoxx 50, FTSE and ISEQ. Geo-political concerns including Trump and North Korea supporting gold. Safe haven demand should push gold higher in Q4. Owning physical gold not dependent on third party websites and technology remains essential.

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Gold Standard Resulted In “Fewer Catastrophes” – FT


“Going off gold did the opposite of what many people think” – FT Alphaville. “Surprising” findings show benefits of Gold Standard. Study by former Obama advisor in 1999 and speech by Bank of England economist in 2017 make case for gold. UK economy was ‘much less prone to extremes’ under than the gold standard – research shows. ‘Gold standard seems to have produced fewer catastrophes for Britain’ – data shows . FT still wary of gold standard arguing ‘stability can be overrated and growth is worth having’

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Financial Advice From Man Who Made $1+ Billion in 1929 – Importance Of Being Patient and “Sitting”

Listen to Jesse Livermore and ignore the noise of short term market movements, central bank waffle and daily headlines. Stock and bond markets are overvalued but continue to climb… for now. What goes up must come down and investors should diversify and rebalance portfolios despite market noise. Behavioural biases currently drive markets, prompting legendary investors to be confused and opt out.

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Pensions and Debt Time Bomb In UK: £1 Trillion Crisis Looms


£1 trillion crisis looms as pensions deficit and consumer loans snowball out of control. UK pensions deficit soared by £100B to £710B, last month. £200B unsecured consumer credit “time bomb” warn FCA. 8.3 million people in UK with debt problems. 2.2 million people in UK are in financial distress. ‘President Trump land’ there is a savings gap of $70 trillion.

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Bitcoin Price Falls 40percent In 3 Days Underling Gold’s Safe Haven Credentials

Bitcoin Price in USD, 12 September

Bitcoin price action shows cryptos vulnerable to commentary and government policies. Bitcoin falls to low of $2,980, down by $1,000 in week as China flexes muscles. Volatility major issue: In 3 days btc fell 40% before bouncing 25% off lows. BIS state risks of cryptos cannot yet be fully assessed and says technology still unproven. Apple and Google developing a payment API for cryptos – may give governments full oversight. Bitcoin and cryptos current volatility and exposure to governments underlines gold’s safe haven status

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Gold Up, Markets Fatigued As War Talk Boils Over

Sudden Lack of Impact

North Korea threatens to reduce the U.S. to ‘ashes and darkness’. Markets becoming used to ongoing provocations from North Korea. Russia and China continue to support watered down versions of sanctions on Kim’s regime. Both NATO and Russia running war games on one another’s borders. Putin says Russia will “give a suitable response” to NATOs threatening behaviour.

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Oil Rich Venezuela Stops Accepting Dollars

History of World Reserve Currencies

President Maduro ” Venezuela will create a basket of currencies to free us from the dollar,”. Oil traders ordered to stop accepting U.S. dollar in exchange for crude oil. Order comes following calls from Russia and China to find alternatives to current reserve system. U.S. Dollar accounts for two-thirds of global trade. Venezuela has over ten-times more oil than United States. Super powers are gradually turning to gold to avoid using world’s main reserve currency. Are we seeing the beginning of the end for the U.S. dollar?

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“Things Have Been Going Up For Too Long” – Goldman CEO

Goldman CEO

“Things have been going up for too long…” – Goldman Sachs’ CEO. Lloyd Blankfein, Goldman CEO “unnerved by market” (see video). Bitcoin bubble is no outlier says Bank of America Merrill Lynch. Bubbles are everywhere including London property. $14 trillion of monetary stimulus has pushed investors to take more risks. We are now in a new era of bigger booms and bigger busts – BAML. “Seeing signs of bubbles in more and more parts of the capital market” – Deutsche Banks’ John Cryan. Global debt bubble and China very vulnerable too – warns Steve Keen. 

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Gold Has 2 percent Weekly Gain, 18 percent Higher YTD – Trump’s Debt Ceiling Deal Hurts Dollar

Gold Price in USD, Sep 2017

Gold hits $1,355/oz as USD at 32-month low -concerns about Trump, US economy. Silver and platinum 2.3% and 1.2% higher in week; palladium 3% lower. Euro Stoxx flat for week – S&P 500, Nikkei down 0.65% and 2.2%. Geo-political concerns including North Korea, falling USD push gold 2.1% in week. Gold prices reach $1,355 this morning following Mexico earthquake. Safe haven demand sees gold over one year high, highest since August 2016.

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Physical Gold In Vault Is “True Hedge of Last Resort” – Goldman Sachs


Physical gold is “the true currency of the last resort” – Goldman Sachs. “Gold is a good hedge against geopolitical risks when the event leads to a debasement of the dollar” . Trump and Washington risk bigger driver of gold than risks such as North Korea. Recent events such as N. Korea only explain fraction of 2017 gold price rally. Do not buy gold futures or ETFs rather “physical gold in a vault” [is] the “true hedge”.

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Bitcoin Falls 20 percent as Mobius and Chinese Regulators Warn

Bitcoin in USD 1 Year

Bitcoin falls 20% as Mobius and Chinese regulators warn. “Cryptocurrencies are beginning to get out of control” – warns respected investor Mark Mobius. Mobius believes governments will begin to clamp down on cryptocurrencies sparking rush to gold. Yesterday China’s PBOC ruled Initial Coin Offerings (ICOs) are illegal and all related activity to halt. China is home to majority of bitcoin miners.

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4 Reasons Why “Gold Has Entered A New Bull Market” – Schroders

Gold price and S&P500 Performance, 1961 - 2017

4 reasons why “gold has entered a new bull market” – Schroders. Market complacency is key to gold bull market say Schroders. Investors are currently pricing in the most benign risk environment in history as seen in the VIX. History shows gold has the potential to perform very well in periods of stock market weakness (see chart). You should buy insurance when insurers don’t believe that the “risk event” will happen. Very high Chinese gold demand, negative global interest rates and a weak dollar should push gold higher.

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Precious Metals Outperform Markets In August – Gold +4 percents, Silver +5 percents


All four precious metals outperform markets in August. Gold posts best month since January, up nearly 4%. Gold reaches highest price since US election, climbs due to uncertainty and safe haven demand. S&P 500 marginally higher; Euro Stoxx, Nikkei lower for month. Platinum is best performing metal climbing over 5%. Palladium climbs over 4% thanks to seven year supply squeeze.

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Gold Reset To $10,000/oz Coming “By January 1, 2018” – Rickards

If you have investable assets of

Trump could be planning a radical “reboot” of the U.S. dollar. Currency reboot will see leading nations devalue their currencies against gold. New gold price would be nearly 8 times higher at $10,000/o. Price based on mass exit of foreign governments and investors from the US Dollar. US total debt now over $80 Trillion – $20T national debt and $60T consumer debt. Monetary reboot or currency devaluation seen frequently – even modern history. Buy gold eagles, silver eagles including monster boxes and gold bars.

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Gold Surges 2.6 percent After Jackson Hole and N. Korean Missile

Gold Price in USD, Jan 2013-2017

Gold surges as N. Korea fires ballistic missile over Japan. Safe haven buying sees gold break out to 10-month high after Jackson Hole and rising North Korea risk of attack on Guam. South Korea’s air force dropped eight MK 84 bombs near Seoul; simulating the destruction of North Korea’s leadership.

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Buffett Sees Market Crash Coming? His Cash Speaks Louder Than Words

Berkshire Hathaway Welling Cash Pile, Q2 2013 - Q2 2017

The Sage of Omaha’s adage is “it’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” But for Warren Buffett the current environment doesn’t appear to be offering up any wonderful companies at fair valuations. The situation is so bad that the cash stockpile of Berkshire Hathaway has more than doubled in the last four years, from under $40 billion to $100bn.

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This Is Why Shrinkflation Is Impacting Your Financial Wellbeing

Product sizes shrink but prices stay the same

Shrinkflation has hit 2,500 products in five years. Not just chocolate bars that are shrinking. Toilet rolls, coffee, fruit juice and many other goods. Effects of shrinkflation been seen for “good number of years”. Consumer Association of Ireland. Shrinkflation is stealth inflation, form of financial fraud. Punishes vulnerable working and middle classes. Gold is hedge against inflation and shrinkflation.

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Why Surging UK Household Debt Will Cause The Next Crisis

Credit Cards

Easy credit offered by UK banks is endangering “everyone else in the economy”. UK banks are “dicing with the spiral of complacency” again. Bank of England official believes household debt is good in moderation. Household debt now equals 135% of household income. Now costs half of average income to raise a child. Real incomes not keeping up with real inflation. 41% of those in debt are in full-time work. £1.537 trillion owed by the end of May 2017.

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Millennials Can Punt On Bitcoin, Own Gold and Silver For Long Term

BTC Versus Gold Volatility

Bitcoin volatility shows not currency or safe haven but speculation. Volatility still very high in bitcoin and crypto currencies (see charts). Bitcoin fell 25% over weekend; Recent high of $3,000 fell to below $1,900. Bitcoin least volatile of cryptos, around 75% annualised volatility. Gold much more stable at just 10% annualised volatility.

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Gold Hedge Against Currency Devaluation and Cost Of Fuel, Food, Beer and Housing

Price changes 1973 to 2017

Gold hedge against currency devaluation – cost of fuel, food, housing. True inflation figures reflect impact on household spending. Household items climbed by average 964%. Pint of beer sees biggest increase in basket of goods – rise of 2464%. Bread rises 836%, butter by 1023% and fuel (diesel) up by 1375%. Gold rises 2672% and hold’s its value over 40 years.

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Bank Of England Warns “Bigger Systemic Risk” Now Than 2008

Bank of England

Bank of England warn that “bigger systemic risk” now than in 2008. BOE, Prudential Regulation Authority (PRA) concerns re financial system. Banks accused of “balance sheet trickery” -undermining spirit of post-08 rules. EU & UK corporate bond markets may be bigger source of instability than ’08. Credit card debt and car loan surge could cause another financial crisis. PRA warn banks returning to similar practices to those that sparked 08 crisis. ‘Conscious that corporate memories can be shed surprisingly fast’ warns PRA Chair.

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China, Russia Alliance Deepens Against American Overstretch


China and Russia allied on Syria and North Korea. Beijing & Moscow economic & monetary ties deepen. Trump needs Russia in order to maintain balance of power in superpower triumvirate. Sino-Russian relations currently in their “best time in history” says Chinese President ahead of G20.

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Buy Gold Near $1,200 “As Insurance” – UBS Wealth


Yesterday North Korea sent the US a ‘package of gifts’ for Independence Day. Unsurprisingly the successfully tested and launched intercontinental ballistic missile (ICBM) was not well received. US Secretary of State Rex Tillerson called the move a “new escalation of the threat” to the U.S. and its allies and that “global action is required to stop a global threat.”

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UK At ‘Edge of Worst House Price Collapse Since 1990s’

UK Average House Price

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 wages failing to keep up with inflation to trigger collapse. Trend starting in London before fanning out to rest of UK. UK homeowners unconcerned – 58% expect prices to rise. Over 1 million mortgages under threat in UK. Concerns of return of new “negative equity” generation. Huge denial amid recency bias and endowment bias – emotional attachment to expensive things we buy – especially our homes.

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Gold Up 8 percent In First Half 2017: Builds On 8.5 percent Gain In 2016

Gold up 8% in first half 2017; builds on 8.5% gain in 2016. U.S. dollar down 6.5% – worst quarter in seven years. Gold higher in all currencies except Draghi’s euro – Gold outperforms bonds; similar gains as stock indices. S&P 500 and Dax outperform gold marginally. World stocks (MSCI World) up 10%; gold outperforms Eurostoxx (+6%) & FTSE (+2.3%). Silver up 3.7% in first half ; builds on 15% gain in 2016.

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Only Gold Lasts Forever


his current state of play won’t last forever. Only Gold lasts forever. Some days it can feel a little rough being a gold investor. In today’s article Dominic Frisby is certainly feeling that way. Sometimes it can be all too easy to get caught up in the day to day chat around prices. Some forget that the reasons why they invested are still strong, even if it feels like the price isn’t.

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Uncertainty Thanks to Twitter and UK Elections

Gold In USD, May 2017

Gold hits five-week high. Reaches $1,273.74/oz, highest since April 25th. Sterling recovers after UK polls point towards a hung Parliament. Expected Fed-tightening capped gains. 90-dead in Kabul, further signs of increasing tension in Middle East. Trump expected to pull out of Paris Accord and Trump’s anti-Iran axis already feuding.

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Gold Investment Is the Ultimate Guide for Tech Investors In 500 Words

Tech is the umbrella word for all things fashionable to invest in right now. Take the recent flotation of Snap Inc. (parent company of teen and narcissists’ favourite app SnapChat), everyone wanted in on the $20 billion flotation. Snap is likely a sign of a tech bubble that will cost a lot of savers and investors huge amounts of money … again.

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London Property Market Vulnerable To Crash

London property market vulnerable to crash. House prices in London are falling. London property up 84% in 10 years (see chart). House prices have risen over 450% in 20 years. Brexit tensions as seen over weekend and outlook for U.K. economy to impact property. Global property bubble fragile – Risks to global economy. Gold bullion a great hedge for property investors.

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Gold Is Undervalued Say Leading Money Managers

Gold in USD – 10 Years

Gold is undervalued according to a record number of fund managers. Last time gold was considered undervalued, the price surged. BAML surveyed 175 money managers with $543 billion in assets under management. 34% of investors believe protectionism is the biggest threat to markets. Gold viewed as the best protectionist investment by a third of investors.

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Gold Prices Up 6 percent YTD As Trump ‘Honeymoon’ Ends

Gold Prices

Gold prices continued to shine this week reaching $1,244.70 per ounce and and has posted gains in five of the last six weeks. This week it reached a new three-month high – it’s highest since the Trump win and has climbed over 6% this year, beating the gains made in the same period in 2016.

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Ignore Sabre-Rattling Between Trump and The World, Buy Gold


Gold hits 12-week high. USD Gold price up 4.85% in last month. Sabre-rattling from Trump administration set-to benefit gold. Iran upset and Middle East tensions could drive oil and gold prices up. Financial Times foresees “not only currency wars but a fully fledged trade confrontation that could be disastrous for the world economy.” Royal Mint producing 50 % more gold bullion coins and bars compared to 2016

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Dow 20K, US Debt $20 Trillion, Trump and Gold

DOW, Monthly

By Jan Skoyles, Editor Mark O’Byrne
In case you’ve been hiding under a rock, the Dow Jones Industrial Average reached 20,000 earlier this week for the first time in its 132 year history to much media fanfare.
Bigcharts via Financial Sense
Since Trump’s election US market indicators, including the Dow have been ticking up – it has been labelled the Trump rally. This latest milestone is something that the new President is happy to take credit for. In fact, he tweeted ‘Great! #Dow20K’ in response.
He told ABC News that
“We just hit a record, and a number that’s never been hit before. So I was very honored by that … Now we have to go up, up, up …”
Trump’s senior advisor (and fellow advocate for a weaker dollar) Anthony Scaramucci took to Twitter to thank President Trump for bringing about the

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Cashless Society – Is The War On Cash Set To Benefit Gold?

Cash is the new “barbarous relic” according to many central banks, regulators, and some economists and there is a strong, concerted push for the ‘cashless society’. Developments in recent days and weeks have highlighted the risks posed by the war on cash and the cashless society.

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