Category Archive: 6a) Gold & Monetary Metals

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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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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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Bitcoin Tumbles To Key Technical Level, Dalio Disses Diversification Into Digital Currency

2020-01-24

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2020-01-24

After pushing up to two-month highs over the weekend, Bitcoin is accelerating lower this morning... Breaking down from the 200DMA and testing the 100DMA... Cryptos are all lower today (and this week)...

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Why Do Prudent Indians Diversify Into Gold?

2020-01-18

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2020-01-18

All That Glitters, 2013-2019
◆ Indians diversify into gold coins, bars and jewellery because it never fails them in an emergency◆ Indians are simply very prudent and practical and believe in channeling some of their wealth and saving into physical gold ◆ “A woman’s gold is both her personal treasure and plays a functional role as the family’s financial buffer” – Richard Davies

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Slice of prime Zurich real estate sold on blockchain

2020-01-17

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2020-01-17

A building on Zurich’s most exclusive shopping street has been converted into a blockchain-powered investment following its CHF130 million ($134 million) sale. It is the latest attempt to unlock the value of bricks and mortar using digitally-coded tokens.

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Swiss scientists make 18-carat ‘plastic gold’

2020-01-14

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2020-01-14

Five years ago researchers at the federal technology institute ETH Zurich developed the lightest gold in the world, which could float on a cappuccino. But there wasn’t much they could do with it. Now they have created 18-carat light gold which can be used for watches, jewellery and electronics.

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Crypto determined to emerge from the shadows

2020-01-12

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2020-01-12

Global politicians, regulators, financiers and technology pioneers will soon be gathering in Switzerland for the World Economic Forum. This has not been lost on the blockchain and crypto industry, which is redoubling efforts to engage with policy makers. Next week’s Crypto Finance Conference (CfC), in the up-market ski resort of St Moritz, has positioned itself to attract such big-hitters, days before they attend the annual WEF summit in nearby...

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Gold Steadies After Falls As U.S., Iran Stepping Back From the Brink

2020-01-10

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2020-01-10

Havens Curbed, 2019-2020
◆ Haven demand ebbs as stocks climb with easing Mideast tensions◆ Palladium retreats from fresh record but holds near $2,100. ◆ There’s still very strong demand for gold “due to a host of financial, geopolitical and monetary risks,” said Mark O’Byrne, research director at GoldCore

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Gold’s New Bull Market and Why $7,000 Per Ounce Is “Logical” (Part I)

2020-01-08

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2020-01-08

◆ Gold could rise to more than $7,000 an ounce according to respected MoneyWeek contributor and fund manager Charlie Morris (Part I today and Part II tomorrow). A year ago, in my occasional free newsletter, Atlas Pulse, I upgraded gold – which was trading at $1,239 an ounce at that point – to “bull market” status for the first time since 2012.

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Gold Surges To Test $1,600/oz, Oil Over $70, Stocks Fall on Risks of World War In Middle East

2020-01-07

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2020-01-07

Hot Havens, 2013-2019
◆ Gold has surged to test $1,600 per ounce, up 4% so far in 2020 and building on the stellar near 18.9% gain in 2019 ◆ Gold is testing it’s highest levels since 2013 as investors diversify into gold; Goldman, Citi and other gold analysts are advocating gold bullion as important hedge in crisis ◆ Oil prices have surged with Brent crude reaching $70 per barrel; concern over oil supplies from Iran, Iraq and other nations as U.S. State Department warns...

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The spirit of Fintech past and the spectre of Fintech future

2020-01-02

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2020-01-02

It was a busy 2019 for Swiss fintech and there is promise for more to come in 2020. Here’s a round-up of fintech past and my observations of how things may shape up in the coming months. The year 2019 started with the arrival of a new breed of Fintech banking license, designed to allow small financial players to accept up to CHF100 million in deposits, but with restrictions.

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Outlook 2020 | Buy Gold and Silver To Hedge Massive Risks including U.S. ‘Insolvency’

2019-12-20

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2019-12-20

Buy gold and silver to hedge risks in 2020. IG interview Mark O’Byrne of GoldCore With late cycle risks and concerns about global growth, many Wall Street analysts are increasingly bullish on gold. Mark O’Byrne, founder at GoldCore spoke to IGTV’s Victoria Scholar about the outlook for gold in 2020.He explained why most analysts including GoldCore are optimistic on both gold and silver.

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Fed Is Monetizing 90 percent of U.S. Deficit to Keep Interest Rates from Rising and Crashing Markets

2019-12-19

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2019-12-19

Effective Fed Funding of National Debt, 2019
By Daniel R. Amerman, CFAAs can be seen in the graph above, for the last 12 weeks there has been a stunning visual correlation between the yellow bars of the total weekly funding of deficits by the Federal Reserve, and the green bars of the weekly deficit spending by the United States government.

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Open Letter to John Taft, Report 17 Dec

2019-12-18

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2019-12-18

Silver Basis and Co-basis and the Dollar Price
Dear Mr. Taft: I eagerly read your piece Warriors for Opportunity on Wednesday, as I often do about pieces that argue that capitalism is not working today. You begin by saying: “Financial capitalism – free markets powered by a robust financial system – is the dominant economic model in the world today. Yet many who have benefited from the system agree it’s not working the way it ought to.”

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Gold Coins Worth Thousands Generously Donated To Salvation Army

2019-12-17

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2019-12-17

◆ Gold coins worth thousands generously gifted to the charity again this year ◆ It just means so much … because it means that they went out of their way to do something extra special…” ◆ Salvation Army gold donors keep giving gold coins including Gold Krugerrands anonymously every year◆ At least three gold coins worth some $4,500 have again been generously gifted to charity this year (that we know of)

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The Most Important UK Election of the Century So Far

2019-12-15

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2019-12-15

There’s only one story in the UK this morning – it’s the day Britain goes to the polls. It’s no exaggeration to say that this election is probably the most important of the century so far. If the ruling Conservative party wins a clear majority, then some form of Brexit is almost certain to go ahead.

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Retail digital franc remains taboo for Switzerland

2019-12-14

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2019-12-14

Switzerland has ruled out the possibility of a central bank-issued digital franc for the general public in the foreseeable future. The government has backed up the Swiss National Bank’s (SNB) fears that this would lead to financial instability. Responding to a parliamentary question, the Federal Council on Friday said an ongoing project to produce a digital franc that is restricted for use by financial players was a more sensible option than a...

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Gold $1600 In 2020 as Case for Diversifying into Gold ‘as Strong as Ever’ – Goldman

2019-12-11

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2019-12-11

Gold will climb to $1,600 over the next year – Goldman. ◆ Goldman is still forecasting that gold will climb to $1,600 over the next year due to investment demand. ◆ Investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious metal – Goldman Sachs Group Inc.

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