Category Archive: Gold and Bitcoin

Bank Bail-In Risk In European Countries Seen In 5 Key Charts

Bank Bail-In Risk In Europe Seen In 5 Charts. Nearly €1 trillion in non-performing loans poses risks to European banks’. Greece has highest non-performing loans as a share of total credit. Italy has the biggest pile of bad debt in absolute terms. Bad debt in Italy is still “a major problem” which has to be addressed – ECB. Level of bad loans in Italy remains above that seen before the financial crisis. Deposits in banks in Greece, Cyprus, Italy,...

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Gold Up 3.8percent In Week – If Closes Above $1,360/oz Will Be Biggest Weekly Gain In Nearly 2 Years

Gold Up 3.8% In Week – If Closes Above $1,360/oz Will Be Biggest Weekly Gain In Nearly 2 Years. Gold rose as the dollar fell to near a three-year low against a basket of currencies on Friday, heading for its biggest weekly loss in nine months, as a slew of bearish factors including firming inflation and a fall in retail sales and industrial production hit the dollar.

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Is The Gold Price Heading Higher? IG TV Interview GoldCore

Is The Gold Price Heading Higher? IG TV Interview GoldCore. Research Director at GoldCore, Mark O’Byrne talks to IG TV’s Victoria Scholar about the outlook for the gold price. In this interview, Mark O’Byrne, research director at Goldcore, says the fact that the gold price did not spike during last week’s equity sell-off was to be expected.

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Global Debt Crisis II Cometh

Global Debt Crisis II Cometh – Global debt ‘area of weakness’ and could ‘induce financial panic’ – King warns – Global debt to GDP now 40 per cent higher than it was a decade ago – BIS warn – Global non-financial corporate debt grew by 15% to 96% of GDP in the past six years – US mortgage rates hit highest level since May 2014 – US student loans near $1.4 trillion, 40% expected to default in next 5 years – UK consumer debt hit £200b, highest...

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Sovereign Wealth Funds Investing In Gold For “Long Term Returns” – PwC

Sovereign wealth funds investing in gold for long term returns – PwC. Gold has outperformed equities and bonds over the long term – PwC Research. Gold is up 6.7% and 6.8% per annum over 10 and 20 year periods; Stocks and bonds returned less than 5.2% respectively over same period (see PwC table). From 1971 to 2016 (45 years), “gold real returns were approximately 10% while inflation increased 4%”.

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Idaho House Votes Overwhelmingly to Remove Income Taxation from Gold & Silver

Boise, Idaho (February 12, 2018) – The Idaho State House today overwhelmingly approved a bill which helps restore constitutional, sound money in the Gem State. State representatives voted 60-9 to pass House Bill 449 sending the measure introduced by House Majority Leader Mike Moyle and Senate Assistant Majority Leader Steve Vick to the Senate for a hearing in the Local Government and Taxation Committee.

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Bitcoin and Crypto Prices Being Manipulated Like Precious Metals?

Bitcoin and Crypto Prices Being Manipulated Like Precious Metals? – FSN Interview GoldCore. Kerry Lutz of the Financial Survival Network (FSN) interviewed GoldCore’s Mark O’Byrne about the outlook for crypto currencies, financial markets and precious metals. Are bitcoin and crypto prices being manipulated like precious metals? Is there a coordinated backlash against bitcoin from JPM and powerful interests?

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“This Is Where They Completely Lost Their Minds” – Hussman

“This Is Where They Completely Lost Their Minds” – Hussman. Hussman warns ‘the S&P 500 to lose approximately two-thirds of its value over the completion of this cycle’. ‘the market has lost value, even since 2009, when overvalued, overbought, overbullish conditions were joined by divergent internals’. Believes the market is going to learn lessons about the crash ‘the hard way’.

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Brexit Risks Increase – London Property Market and Pound Vulnerable

Brexit Risks Increases – London Property Market and Pound Vulnerable. Brexit uncertainty deepens as UK government in disarray. BOE warns of earlier and larger rate hikes for Brexit-hit UK. UK property prices fall second month in row, London property under pressure. No deal Brexit estimated to cost UK £80bn according to government analysis. Transition period causing major uncertainty for UK and pound. Pound expected to fall as Brexit fears remain...

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Peak Gold: Global Gold Supply Flat In 2017 As China Output Falls By 9 percent

Peak Gold: 2017 Supply Flat As China Output Falls By 9%. China gold production falls by 9% to 420.5t in 2017. Chinese gold demand rose 4% to 953.3t in same period. China is largest producer and accounts for 15% of global gold production. China does not export gold. Increasing foreign gold acquisitions to meet demand. Global gold production flat – 3,269t in ’17 from 3,263t in ’16, smallest increase since ’08. Peak Gold is here: supply set to fall...

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Crypto Currency Backlash Sees Flight From Cryptos and Bitcoin

Crypto Currency Backlash Sees Flight From Cryptos and Bitcoin. Bitcoin falls from $20,000 to below $6,000 and bounces back to $8000. Top 50 crypto currencies lost over 50% of value in 24 hours. Over $60 billion wiped off entire crypto currency market in 24 hours. Markets concerned about increased regulation, manipulation & country-wide bans. ‘Growing global unease about risks virtual currencies pose to investors and financial system’.

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Gold Rises As Global Stocks Plunge and Bitcoin Crashes 70 percent

Gold gains 0.6% in USD and surges 1.7% in euros and pounds. European stocks fall more than 3% at the open after sharp falls in Asia. DJIA falls 1,175 points, S&P 500 down 4.1% and Nikkei plummets 4.7%. Gold rises from $1,330 to $1,342, £942 to £960 and €1,067 to €1,085 /oz. Bitcoin crashes another 10% and has now plummeted by 70% to below $6,000. Increased risk aversion will drive safe haven demand for gold as its hedging properties are appreciated...

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Shrinkflation Intensifies – Stealth Inflation As Thousands of Food Products Shrink In Size, Not Price

Shrinkflation continues to take hold across UK, Ireland and US for sixth year running. Shrinkflation sees consumers gets less product, but at the same or increased price. 2,500 products have shrunk according to Office of National Statistics in UK. Reported inflation is between 1.7% and 3% but actually much higher. Shrinkflation is financial fraud, unreported inflation in stealth mode. Gold is hedging inflation and shrinkflation.

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U.S. Debt Is “Extraordinarily High” and Are Stock And Bond Bubbles – Greenspan

“We have a stock market bubble” warns Greenspan. “Bond bubble will be the big issue” he tells Bloomberg TV (see video). “Fiscally unstable long-term outlook in which inflation will take hold”. “Ratio of federal debt to GDP which is extraordinarily high” (see chart). Higher interest rates, inflation and stagflation coming. Gold is the “ultimate insurance policy” – Greenspan

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Monetary Metals Brief 2018

Predicting the likely path of the prices of the metals in the near term is easy. Just look at the fundamentals. We have invested many man-years in developing the theory, model, and software to calculate it. Every week we publish charts and our calculated fundamental prices.

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Silver Bullion: Once and Future Money

Silver Bullion: Once and Future Money. “Silver is as much a monetary metal as gold” – Rickards. U.S. following footsteps of Roman Empire which collapsed due to currency debasement (must see table). Silver bullion is set to rally due to a combination of supply/demand fundamentals, geopolitical pressures creating safe haven demand, and increasing inflation expectations as confidence in central banking and fiat money erodes.

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Davos – My Personal Experience of the $100,000 Event, $60 Burgers, Massive Inequality and the Blockchain Revolution

Davos elite hear warnings of complacency akin to 2007 as economic risks grow. Toxic mix of infallible belief, arrogance, megalomania and economic ignorance. Some express concern economies are vulnerable due to imbalances, trade, geo-political tensions. Soros: Trump creating ‘mafia state’ & ‘set on a course towards nuclear war’ with N Korea. Bond bear market, rising interest rates and massive $233 trillion debt are some of the many threats to...

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Cyber War Coming In 2018?

Cyber war is increasing threat – Investors are not prepared for. Third most likely global risk in 2018 is cyber war say WEF. “Scale and sophistication of attacks is going to grow”. EU, US, NATO lay down ground rules for offensive cyber war. Ireland is viable target for attackers but is ‘grossly unprepared for cyber war’. UK should expect attack that cripples infrastructure within 2 years.

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Government Shutdown Ends – Markets Ignore Looming Debt and Bond Market Threat

Government Shutdown Ends – Markets Ignore Looming Debt and Bond Market Threat For Now. U.S. Senate pass a temporary spending plan through Feb. 8 to end shutdown. Markets shrug off both government shutdown and re-opening. Markets, government and media ignoring worsening US debt position. Gold responding positively to U.S. dysfunction, rising US Treasury yields & weaker dollar. U.S. government national debt is $20.6 trillion and increasing rapidly....

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US Gold Reserves, Of Immense Interest to Russia and China

Recently, Russian television network RT extensively quoted me in a series of articles about the US Government’s gold reserves. The RT articles, published on the RT.com website, were based on a series of questions RT put to me about various aspects of the official US gold reserves. These gold reserves are held by the US Treasury, mostly in the custody of the US Mint. The US Mint is a branch of the US Treasury.

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