Category Archive: 6a) Gold & Monetary Metals

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Sprott Money News Weekly Wrap-up – 10.18.19

2019-10-18

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Eric Sprott discusses the ongoing bank liquidity crisis and the Fed’s renewed QE program. He also answers listener questions regarding the ETFs and the mining shares.

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How Many Grams Are in an Ounce of Gold?

2019-10-18

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https://www.moneymetals.com/precious-metals-charts/gold-price#how-many-grams-are-in-an-ounce-of-gold One troy ounce of gold is equivalent to 31.1 grams. Although gold prices are most commonly quoted in ounces, gold bullion is also bought and sold by the gram. Grams can be a more convenient unit for pricing when trading gold in small quantities or using gold for everyday barter transactions. ? SUBSCRIBE TO …

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Libra cryptocurrency soldiers on despite key departures

2019-10-17

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2019-10-17

Facebook’s cryptocurrency payments project, Libra, has suffered a major blow with the withdrawal of seven key partners. But the Geneva-based Libra Association continues to battle on against a regulatory onslaught by adopting a charter and forming an executive team.

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Dutch Central Bank: Gold Bars ‘Always Retain Their Value, Crisis Or No Crisis’

2019-10-17

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2019-10-17

DNB's gold stock
◆ “Gold is the perfect piggy bank – it’s the anchor of trust for the financial system” says the Central Bank of the Netherlands ◆ “If the system collapses, the gold stock can serve as a basis to build it up again” astutely and prudently observes the Dutch Central Bank ◆ The Dutch people “hold more than 600 tonnes of gold. A bar of gold always retains its value, crisis or no crisis”

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What Was the Highest Price of Gold Per Ounce Ever?

2019-10-16

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https://www.moneymetals.com/precious-metals-charts/gold-price#when-did-gold-prices-peak-what-was-the-all-time-high-for-gold Gold prices hit an all-time high of $1,900/oz. in August 2011. However, that nominal high wasn’t actually a new high in real terms. The January 1980 peak of $850/oz still hasn’t been surpassed when adjusted for inflation. ? SUBSCRIBE TO MONEY METALS EXCHANGE ON YOUTUBE ➤ http://bit.ly/mmx-youtube...

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Why Does the Gold Price Fluctuate?

2019-10-15

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https://www.moneymetals.com/precious-metals-charts/gold-price#why-does-the-gold-price-fluctuate – Excessive money printing tends to drive gold prices up, as there are more currency units chasing basically the same number of gold ounces. On the other hand, the price of gold does not tend to perform as well as compared to other assets when governments are behaving responsibly and living within their means. …

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What Is The Gold Spot Price And How Is It Determined?

2019-10-15

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https://www.moneymetals.com/precious-metals-charts/gold-price#what-is-the-gold-spot-price-and-how-is-it-determined – Traders determine the spot price of gold on futures exchanges. Metals contracts change hands in London and Shanghai when U.S. markets are closed. But the largest and most influential market for metals prices is the U.S. COMEX exchange. The quote for immediate settlement at any given time is effectively the spot price. ?...

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Motte and Bailey Fallacy, Report 13 Oct

2019-10-15

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2019-10-15

Gold and Silver Prices
This week, we will delve into something really abstract. Not like monetary economics, which is so simple even a caveman can do it. We refer to a clever rhetorical trick. It’s when someone makes a broad and important assertion, in very general terms. But when challenged, the assertion is switched for one that is entirely uncontroversial but also narrow and unimportant.

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Prepare Now! Risk Of Contagion In Today’s Fragile Monetary World

2019-10-14

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◆ GOLDNOMICS PODCAST - Episode 13 - Lucky for some ! ◆ Why is nobody talking about the real risk of contagion to investors, savers & companies? ◆ "Contagion will impact stocks, bonds and deposits and both investments and savings across the spectrum" ◆ While all the focus in the UK, Ireland and the EU is on Brexit, the risk of another debt crisis looms as companies, banks, governments and the global economy grapple with massive levels...

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Prepare Now! Risk Of Contagion In Today’s Fragile Monetary World

2019-10-14

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◆ GOLDNOMICS PODCAST – Episode 13 – Lucky for some ! ◆ Why is nobody talking about the real risk of contagion to investors, savers & companies? ◆ “Contagion will impact stocks, bonds and deposits and both investments and savings across the spectrum” ◆ While all the focus in the UK, Ireland and the EU …

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David Smith: Consider Precious Metals for Insurance First, Profit Second…

2019-10-11

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Interview Starts at ⏰: 6:44 Read the full transcript here ?? https://www.moneymetals.com/podcasts/2019/10/11/chairman-powell-insists-fed-stimulus-not-qe-001884 Check out live gold bullion prices ?: https://www.moneymetals.com/precious-metals-charts/gold-price ? SUBSCRIBE TO MONEY METALS EXCHANGE ON YOUTUBE ➤ http://bit.ly/mmx-youtube ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ★★FOLLOW MONEY METALS EXCHANGE ★★ FACEBOOK ➤ https://www.facebook.com/MoneyMetals...

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Sprott Money News Weekly Wrap-up – 10.11.19

2019-10-11

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Eric Sprott discusses the latest economic news and answers listener questions regarding the precious metals mining sector. Send your questions to [email protected] or visit www.sprottmoney.com for more details.

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Gold ETFs See Holdings Reach All Time Record Highs In September

2019-10-10

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2019-10-10

Gold-backed ETFs holdings, 2004-2018
◆ Global gold ETF holdings reach all time record highs, increasing by 13.4% so far in 2019 on hedging and safe haven demand. ◆ Global gold ETFs, ETCs and similar products had US$3.9bn of net inflows across all regions, increasing their collective gold holdings by 75.2 tonnes(t) to 2,808t, the highest levels of all time in September.

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China’s Central Bank Buys 100 Tons Of Gold As Trade and Dollar Tensions With U.S. Escalate

2019-10-09

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2019-10-09

Spot Gold Price USD
◆ China has added more than 100 tons of gold bullion bars to its gold reserves since it resumed buying in December; China’s gold holdings rose to 62.64m ounces in September, an increase of 190,000 ounces in one month. ◆ The People’s Bank of China (PBOC) increased it’s gold reserves for a 10th straight month in September, reinforcing its standing as one of the major official accumulators as many creditor nation central banks stock up on the precious...

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Chinese Buy Gold In Large Volume In Holiday Week as Gold Jewelry Sales ‘Soar’

2019-10-08

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2019-10-08

Spot Gold Price USD
Gold is marginally lower today at $1,503/oz and stocks are mixed ahead of what are set to be tense U.S. and China trade negotiations. Gold sales are expected to accelerate through the end of the year due to weakening global economic conditions, according to Mike McGlone, a Bloomberg Intelligence senior commodity strategist as quoted by China Daily (see below).

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A Wealth Tax Consumes Capital, Report 6 Oct

2019-10-07

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2019-10-07

Gold and Silver Prices
It seems one cannot make a name for one’s self on the Left, unless one has a proposal to tax wealth. Academics like Tomas Piketty have proposed it. And now the Democratic candidates for president in the US propose it too, while Jeremy Corbyn proposes it in the UK. Venezuela finally added a wealth tax in July.

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Craig Hemke: Ignore the Elliott Wave “Buffoons” Calling for a Gold Crash

2019-10-04

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Interview Starts at: 6:00 Check out the full transcript here: https://www.moneymetals.com/podcasts/2019/10/04/bank-liquidity-crunch-continues-to-raise-concerns-001879 ? SUBSCRIBE TO MONEY METALS EXCHANGE ON YOUTUBE ➤ http://bit.ly/mmx-youtube ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ★★FOLLOW MONEY METALS EXCHANGE ★★ FACEBOOK ➤ https://www.facebook.com/MoneyMetals TWITTER ➤ https://twitter.com/MoneyMetals INSTAGRAM ➤ https://instagram.com/moneymetals/...

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Sprott Money News Weekly Wrap-up – 10.4.19

2019-10-04

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Eric Sprott discusses the recent economic news and the impact on gold and silver prices as Q4 begins.

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Sprott Money News Ask The Expert September 2019 – Jim Rickards Part Two

2019-10-01

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​In this episode, Jim answers question eight more questions regarding the physical precious metals and U.S. dollar.

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The Purchasing Power of Capital, Report 29 Sep

2019-10-01

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2019-10-01

Gold and Silver Prices
We discuss capital consumption all the time, because it is the megatrend of our era. However, capital consumption is an abstract idea. So let’s consider some concrete examples, to help make it clearer. First, let’s look at the case of Timothy Housetrader. Tim has a small two-bedroom house. Next door, his neighbor Ian Idjit, owns a four-bedroom house which is twice the size.

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