Category Archive: 6a.) GoldCore

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Bitcoin Falls 20 percent as Mobius and Chinese Regulators Warn

2017-09-06

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

2017-09-05

by Jan Skoyles

2017-09-05

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,...

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

2017-09-04

by Jan Skoyles

2017-09-04

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

2017-09-02

by Jan Skoyles

2017-09-02

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...

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

2017-09-01

by Jan Skoyles

2017-09-01

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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Diversify Into Gold On U.S. “Political Instability” Advise Blackrock

2017-08-31

by Mark O'Byrne

2017-08-31

Gold set to shine as Washington stumbles. “Bet on gold’s diversifying properties rather than political stability”. World’s largest asset manager believes Trump and political drama in the U.S. means gold likely to rise. Real rates flattening out and rising political instability – Blackrock’s Koesterich. “For now my bias would be to stick with gold” – Blackrock. U.S. debt ceiling issue to be fractious as bankrupt U.S. hits $20 trillion debt....

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The Truth About Bundesbank Repatriation of Gold From U.S.

2017-08-26

by Jan Skoyles

2017-08-26

Bundesbank has completed a transfer of gold worth €24B from France and U.S. Germany has completed domestic gold storage plan 3 years ahead of schedule. In the €7.7 million plan, 54,000 gold bars were shipped and audited.

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Global Financial Crisis 10 Years On: Gold Price Rises 124 percent From €490 to €1,100

2017-08-25

by Jan Skoyles

2017-08-25

Gold up over 100% in major currencies since financial crisis. Gold up 100% in USD, 124% in EUR and surged 200% in GBP. Gold has outperformed equity, bonds and most assets. Gold remains an important safe-haven in long term.

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U.S. Treasury Secretary: I Assume Fort Knox Gold Is Still There

2017-08-23

by Jan Skoyles

2017-08-23

US Treasury Secretary Steve Mnuchin visits Fort Knox Gold Later tweeted ‘Glad gold is safe!’ Only the third Treasury Secretary to visit the fortified vault, last visit was 1948

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

2017-08-21

by Jan Skoyles

2017-08-21

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

2017-08-20

by Jan Skoyles

2017-08-20

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

2017-08-19

by Jan Skoyles

2017-08-19

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

2017-08-09

by Mark O'Byrne

2017-08-09

Top Primary Silver Miners Q2 2017 Production Decline

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

2017-08-06

by Mark O'Byrne

2017-08-06

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”

2017-08-03

by Jan Skoyles

2017-08-03

S&P 500 Index and U.S. Treasuries, 2000 - 2017

‘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

2017-07-30

by Mark O'Byrne

2017-07-30

‘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

2017-07-29

by Jan Skoyles

2017-07-29

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

2017-07-27

by Mark O'Byrne

2017-07-27

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

2017-07-22

by Jan Skoyles

2017-07-22

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

2017-07-21

by Jan Skoyles

2017-07-21

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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