Category Archive: 6a) Gold & Monetary Metals

Gold ETFs See Holdings Reach All Time Record Highs In September

◆ 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

◆ 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’

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

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

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

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

​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

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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Focus On Gold’s Safe Haven Value, Not Gold $16,000 and Silver $700 Prices !

◆ Important to focus on safe haven value of gold and not the coming record high prices ◆"Nobody has a crystal ball and you should not be buying these assets based on anybody's price predictions" ◆ "The possibility of gold over $16,000 per ounce and silver over $700 per ounce ... I hear people gasp in dismay when I say those figures and I will qualify them" ◆ "You would wonder if the criminal enterprises are continuing?...

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Focus On Gold’s Safe Haven Value, Not Gold $16,000 and Silver $700 Prices !

◆ Important to focus on safe haven value of gold and not the coming record high prices ◆”Nobody has a crystal ball and you should not be buying these assets based on anybody’s price predictions” ◆ “The possibility of gold over $16,000 per ounce and silver over $700 per ounce … I hear people gasp …

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World’s Largest Gold ETF Sees Holdings Rise 1.8 percent to 924.94 Tonnes In One Day

◆ Gold prices have inched 0.3% higher today as a sharp drop of nearly 2% yesterday has attracted bargain hunters. ◆ Gold tested support at $1,500/oz after another peculiar sell off in the futures market saw prices fall $30 in two hours on the COMEX yesterday with most of the selling coming after European and London markets had closed.

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Michael Pento: Scary Warning Signs in Cash Funding Markets

Interview starts at 7:54 Read the full transcript here ➡️➡️https://www.moneymetals.com/podcasts/2019/09/27/what-happens-to-gold-when-interest-rates-go-up-001873 Check out live gold 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 TWITTER ➤...

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Sprott Money News Weekly Wrap-up – 9.27.19

Eric Sprott discusses the impact that quarter end and options expiration is having on the gold price but looks forward to higher prices in the weeks ahead.

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Gold At 3 Week High As Stocks and Dollar Fall On Trump’s Hard Line Stance Against Iran and China

◆ Gold has edged higher to reach three week highs at $1,535/oz today after Trump took a hard-line stance on China and Iran during his U.N. speech. ◆ Stocks fell in the U.S. yesterday and today in Europe on increasing political turmoil in the U.S. and the UK; Concerns about the global economy and the outlook for stocks is enhancing gold’s safe haven appeal.

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

In this episode, Jim answers questions regarding the global reserve currency and interest rates.

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Treasury Bond Backwardation, Report 22 Sep

Something happened in the credit market this week. A Barron’s article about it began: “There have been disruptions in the plumbing of U.S. markets this week. While the process of fixing them was bumpy, it was more of a technical mishap than a cause for investor concern.” Keep Calm and Carry On. So, before they tell us what happened, they tell us it’s just plumbing, it’s been fixed, and that we should not be concerned.

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Steve Forbes Speaks Out on Gold, Central Bankers, and the 2020 Election

Interview starts at 6:40 Read the full transcript here ➡️➡️ https://www.moneymetals.com/podcasts/2019/09/20/panicky-fed-opens-cash-spigot-001870 Live precious metal 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 – 9.20.19

Eric Sprott discusses the price manipulation charges in precious metals and his personal method for trading the mining shares. He also answers listener questions regarding some specific mining companies.

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Central Bank Gold Buying Is “Sustainable and Indeed May Accelerate”

Why central banks including China and Russia will keep buying gold due to concerns about the outlook for currencies, including the dollar and the euro, Mark O’Byrne, Research Director of GoldCore told Marketwatch. While the gold tonnage demand from central banks in recent months has been significant and near records, gold remains a tiny fraction of most central banks’ massive foreign-exchange reserves,” O’Byrne says, adding that the trend is...

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Why Are People Now Selling Their Silver? Report 15 Sep

This week, the prices of the metals fell further, with gold -$18 and silver -$0.73. On May 28, the price of silver hit its nadir, of $14.30. From the last three days of May through Sep 4, the price rose to $19.65. This was a gain of $5.35, or +37%. Congratulations to everyone who bought silver on May 28 and who sold it on Sep 4.

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