Category Archive: 6a) Gold & Monetary Metals

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Central banks weigh up response to Libra and bitcoin

2020-02-10

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2020-02-10

Central banks are contemplating a response to alternative money systems, such as bitcoin or Libra, with new digital versions of their own currencies. They go by the name of Central Bank Digital Currencies, or CBDCs. Libra’s stablecoin project launched in Geneva last year was a “watershed” moment that “kicked everyone in the pants”, Michael Sung, a professor at Fudan University, told the recent Crypto Finance Conferenceexternal link (CfC) in St...

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Alabama House Considers Eliminating Income Taxes on Gold and Silver

2020-02-08

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2020-02-08

Representative Sorrell has introduced House Bill 122, a tax-neutral measure to exclude from gross income any net capital gain and any net capital loss derived from the exchange of precious metals bullion. Policies that penalize savers in precious metals reduce the likelihood that Alabama citizens will take prudent steps to insulate themselves from the inflation and financial turmoil caused by the Federal Reserve.

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Axel Merk: Fed to Stimulate in Any Crisis; Don’t Let Short-Term Events Bother You

2020-02-07

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Interview ?️ begins at 4:58 Full transcript ?: https://www.moneymetals.com/podcasts/2020/02/07/economic-optimism-boosting-trump-and-stocks-001960 Gold & Silver Prices ?: https://www.moneymetals.com/precious-metals-charts ? SUBSCRIBE TO MONEY METALS EXCHANGE ON YOUTUBE ➤ http://bit.ly/mmx-youtube ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ★★FOLLOW MONEY METALS EXCHANGE ★★ FACEBOOK ➤ https://www.facebook.com/MoneyMetals TWITTER ➤...

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Sprott Money News Weekly Wrap-up – 2.7.20

2020-02-07

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Eric Sprott discusses the impact that the spreading coronavirus will have on the global economy and, by extension, the precious metals and the mining shares. Send your questions to [email protected]

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Sprott Money News Weekly Wrap-up – 2.7.20

2020-02-07

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Eric Sprott discusses the impact that the spreading coronavirus will have on the global economy and, by extension, the precious metals and the mining shares. Send your questions to [email protected]

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“Smart Move” By Prudent Investors Is To Diversify Into Gold

2020-02-07

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2020-02-07

With no opportunity cost to holding a zero-yield asset such as gold, investors increasingly are adding it to their portfolios as a hedge. ◆ Gold retains its intrinsic value, something no paper currency has managed to do over history. ◆ Gold is insurance. Insurance isn’t supposed to make you rich; it’s supposed to keep you from being poor.

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Gold Falls 0.6percent After Having A Seven Year Weekly High Close and 4percent Gain In January

2020-02-04

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2020-02-04

Spot Gold Price
Gold falls from seven year high weekly close ◆ Gold prices fell 0.6% today after reaching a seven year weekly high close at $1587.90/oz on Friday, gold’s highest weekly price settlement since March 2013, a 4% gain in January and its second straight monthly climb.

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Monetary Metals Gold Brief 2020

2020-02-03

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2020-02-03

Gold Fundamental Price
We apologize for not posting articles during January. We have been busy, and going forward will publish a separate Market Report every Monday morning plus macroeconomics essays later in the week, as time permits.

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Hawaii Representatives Consider Ending Taxation on Sound Money

2020-02-01

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2020-02-01

Introduced by Representative Okimoto (R-36), House Bill 1830 removes sales and use tax against gold and silver bullion and currency in Hawaii. Under current law, Hawaii citizens are discouraged from insuring their savings against the devaluation of the dollar because they are penalized with taxation for doing so. Passage of this measure would remove disincentives to holding gold and silver for this purpose.

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Sprott Money News Weekly Wrap-up – 1.31.20

2020-01-31

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Eric Sprott discusses the impact the coronavirus will have on the global economy and how this will drive gold and silver prices in the weeks and months ahead.

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Gerald Celente Speaks Out on Iran, Coronavirus, Gold, and Global Protests

2020-01-31

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Interview begins at 5:47 Full Transcript ?: https://www.moneymetals.com/podcasts/2020/01/31/coronavirus-market-volatility-uncertainty-rise-001958 Cryptocurrency Prices ??: https://www.moneymetals.com/cryptocurrency-prices ? SUBSCRIBE TO MONEY METALS EXCHANGE ON YOUTUBE ➤ http://bit.ly/mmx-youtube ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ★★FOLLOW MONEY METALS EXCHANGE ★★ FACEBOOK ➤ https://www.facebook.com/MoneyMetals TWITTER ➤...

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Sprott Money News Weekly Wrap-up – 1.31.20

2020-01-31

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Eric Sprott discusses the impact the coronavirus will have on the global economy and how this will drive gold and silver prices in the weeks and months ahead.

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Peru cracks down on illegal gold mining

2020-01-31

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2020-01-31

Wildcat mining has devastated large chunks of the Peruvian Amazon, where gold is extracted and makes its way to the refineries and banks in Switzerland.swissinfo.ch visited the southeastern region of Madre de Dios and spoke to artisanal miners who have benefited from the gold rush to educate their families and create jobs, as well as those who have fallen afoul of the law.

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Freedom and Prosperity: The Importance of Sound Money

2020-01-31

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2020-01-31

Money and Gold
Sound money is a key to a free and prosperous society. That principle was clearly reflected in the monetary system that the Constitution established when it called the federal government into existence. Our ancestors didn’t trust government officials with power. They believed that the greatest threat to their own freedom and well-being lay not with some foreign regime but rather with their own government.

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Gold May Top $2,000 As “Prices Surge On Global Fear”

2020-01-29

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2020-01-29

10 Year Gold Price in USD/oz, 2011-2020
Gold was one of the few investments heading higher Monday as worries about the coronavirus outbreak led to a steep market slide. Gold is now up more than 20% in the past year, and trading near $1,600 an ounce, its highest level since 2013. Other precious metals, such as silver and platinum, have rallied too. Meanwhile, the Dow was down nearly 350 points in midday trading.

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Michael Pento: THIS ONE THING Will Tell Us When the Bubble Economy Is Bursting…

2020-01-27

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Interview begins at 5:52 Full transcript ?: https://www.moneymetals.com/podcasts/2020/01/24/ray-dalio-gold-cash-is-trash-001954 Cryptocurrency Prices ??: https://www.moneymetals.com/cryptocurrency-prices ? 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 ➤...

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Marc Faber – 2020 The Fed Crisis Started

2020-01-27

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Credit Suisse, Deutsche Bank, Petro-Dollar, Interest Rate Swaps, Gold price, Euro-Swissy, Consider JPMorgue, REPO market, subprime bond crisis, Chinese bitch coulee, Gold in their reserves, major banks, Global Economic RESET, golden crypto-currencies, Gold Trade, Chinese cryptos, The Dollar Crisis, Causes, Consequences, Cures, Revised Global recession, Silver, Stocks, Dollar Crash-Gold, Stock Market, real economy, global financial crisis, currency...

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Tether Launches Gold-Backed Stablecoin, Begins Trading On Bitfinex

2020-01-27

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2020-01-27

Tether is now supporting a gold-backed stablecoin, Tether Gold (XAU₮), according to a Jan. 23 press release. One token represents ownership of one troy fine ounce of physical gold, currently worth approximately $1,550.

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“All You Need To Do Is Own Gold and Silver” To Make Money In 2020

2020-01-26

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2020-01-26

If you want to make money from investing, it’s simple: find a bull market and go long. And in 2020 gold and silver are in a bull market. by Dominic Frisby via the UK’s best-selling financial magazine Money Week I ran into Jim Mellon at a party at the weekend, and we soon got talking about markets. One of his comments – stated with surety and simplicity – has stuck in my mind.

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Sprott Money News Weekly Wrap-up – 1.24.20

2020-01-24

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Eric Sprott discusses events that impacted gold and silver prices this week and looks ahead to a volatile end of the month.

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