Category Archive: GoldCore

Gold, Silver Consolidate On Last Weeks Gains, Palladium Surges 36% YTD To 16 Year High

Gold and silver rise as stocks fall sharply after Barcelona attack. Gold, silver 0.6% higher in week after last weeks 2%, 5% rise. Palladium +36% ytd, breaks out & reaches 16 year high (chart). Gold to silver ratio falls to mid 75s after silver gains last week

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Gold Hedges USD Devaluation, Rise in Oil, Food and Cost of Living Since 1971 – Must See Charts

Gold hedges massive ongoing devaluation of U.S. Dollar. 46th anniversary of ‘Tricky Dicky’ ending Gold Standard (see video). Savings destroyed by currency creation and now negative interest rates. Long-term inflation figures show gold a hedge against rising cost of fuel, food and cost of living. $20 food and beverages basket of 1971 cost $120.17 in 2017.

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Silver Mining Production Plummets 27 percent At Top Four Silver Miners

Silver Mining Production Plummets 27% At Top Four Silver Miners by SRSRocco Report In an interesting change of events, production at four of the top primary silver miners plummeted during the second quarter of 2017. This goes well beyond normal fluctuations in mining companies production figures during different quarterly reporting periods.

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Gold Consolidates On 2.5percent Gain In July After Dollar Has 5th Monthly Decline

Gold consolidates on 2.5% gain in July as the dollar has fifth monthly decline. Trump administration and vicious “civil war” politics casting shadow over America and impacting dollar. All eyes on non farm payrolls today for further signs of weakness in U.S. economy. Gold recovers from 1.7% decline in June as dollar falls. Gold outperforms stocks and benchmark S&P 500 YTD.

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Greenspan Warns Stagflation Like 1970s “Not Good For Asset Prices”

‘We are experiencing a bubble, not in stock prices but in bond prices. This is not discounted in the marketplace.’ There are a lot of warnings on Bloomberg, CNBC and other financial media these days about a bubble in the stock market, particularly in FANG stocks and the tech sector.

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Gold A Good Store Of Value – Protect From $217 Trillion Global Debt Bubble

‘Mother of all debt bubbles’ keeps gold in focus. Global debt alert: At all time high of astronomical $217 T. India imports “phenomenal” 525 tons in first half of 2017. Record investment demand – ETPs record $245B in H1, 17. Investors, savers should diversify into “safe haven” gold. Gold good ‘store of value’ in coming economic contraction.

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Why Surging UK Household Debt Will Cause The Next Crisis

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...

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Gold Seasonal Sweet Spot – August and September – Coming

Gold seasonal sweet spot – August and September – is coming. Gold’s performance by month from 1979 to 2016 – must see table. August sees average return of 1.4% and September of 2.5%. September is best month to own gold, followed by January, November & August.

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

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 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....

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“Financial Crisis” In 2017 Or By End Of 2018 – Prepare Now

John Mauldin of Mauldin Economics latest research note, Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis. Mind refreshed from what sounds like a wonderful honeymoon and having had the time to read some books outside his “comfort zone” he has come to the conclusion that we are on the verge of a “major financial crisis, if not later this year, then by the end of 2018 at the latest.”

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“Financial Crisis” Of Historic Proportions Is “Bearing Down On Us”

“Financial Crisis Of Historic Proportions” Is “Bearing Down On Us”. John Mauldin of Mauldin Economics lata“Financial Crisis Of Historic Proportions” Is “Bearing Down On Us”. John Mauldin of Mauldin Economics latest research note, Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis.

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India Gold Imports Surge To 5 Year High – 220 Tons In May Alone

Gold imports into India have surged in the last six months thanks to festivals, economic recovery and concerns over a new tax regime and the push for the cashless society in India. Imports totalled 521 tonnes in the first half of this year, compared to just 510 tonnes in all of 2016.

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“Silver’s Plunge Is Nearing Completion”

– Silver’s plunge is nearing completion – Bloomberg analyst. Silver’s 10% sharp fall in seconds remains “mystery”. Plunge despite anemic global supply and strong demand .Total silver supply declined in ’16 – lowest level since ’13. Silver mine production down in ’16, first time in 14 years. Total silver supply decreased by 32.6 Mln Ozs in 2016 .Supply deficit in 2016- fourth consecutive year (see table). “Falling knife” caution but opportunity...

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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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Silver Prices Bounce Higher After 7% Fall In Minute

– Silver prices ‘flash crash’ before rebound– Silver hammered 7% lower in less than minute in Asian trading– Silver fell from $16 to $14.82, before recovering to $15.89– Silver plunge blamed on another ‘trading error’– Gold similar ‘flash crash’ last week and similar recovery– Hallmarks of market manipulation as $450 million worth of silver futures sold in minute– Trading ‘errors’ always push gold and silver lower. Why never...

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

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...

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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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Go for Gold – Win a beautiful Gold Sovereign coin

The Irish Times has teamed up with GoldCore, Ireland’s first and leading gold broker, to offer you the chance to win a beautiful, freshly minted Gold Sovereign coin (2017) which contains nearly one quarter of an ounce of gold and is ‘investment grade’ 22 carat pure gold.

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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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