Category Archive: 6a) Gold & Monetary Metals
Oil Rich Venezuela Stops Accepting Dollars
President Maduro ” Venezuela will create a basket of currencies to free us from the dollar,”. Oil traders ordered to stop accepting U.S. dollar in exchange for crude oil. Order comes following calls from Russia and China to find alternatives to current reserve system. U.S. Dollar accounts for two-thirds of global trade. Venezuela has over ten-times more oil than United States. Super powers are gradually turning to gold to avoid using world’s main...
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Money Will be Taken Out From India to China: Marc Faber | CNBC TV18
Why will the money move from Indian markets to China? “Sentiments around China were very negative in the past six months to a year but that is now turning positive,” says Marc Faber. Equity markets across the world have performed very well as most markets in Asia have given a return of 20 to 25 … Continue...
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British People Suddenly Stopped Buying Cars
British people suddenly stopped buying cars. Massive debt including car loans, very low household savings. Brexit and decline in sterling and consumer confidence impacts. New cars being bought on PCP by people who could not normally afford them. UK car business has ‘exactly the same problems’ as the mortgage market 10 years ago, according to Morgan Stanley. Bank of England is investigating to make sure UK banks are not overly expose.
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Retail Isn’t Dead
Coach, Burlington Stores, PVH and L Brands can withstand the Amazon threat, says Dana Telsey, retail analyst and founder of Telsey Advisory Group.
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Trump’s Democrat Deal on Debt Ceiling Hits Dollar, Boosts Metals
As a massive storm bears down on Florida, concerns about political and financial storms emanating from Washington D.C. are helping drive precious metals markets higher.
This week Democrat leaders convinced President Donald Trump to kick the can down the road another three months on raising the debt ceiling. So, in December Congress will have to come up with another funding scheme that will undoubtedly punt again and add hundreds of billions of...
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Buy Gold for Long Term as “Fiat Money Is Doomed”
Buy gold for long term as fiat money is doomed warns Frisby. Gold’s “winning streak” will continue in long term. September is traditionally a good month for gold, as we head into the Indian wedding season. “It’s just a matter of time before gold comes good again…” by Dominic Frisby, Money Week. Today folks, by popular demand, we’re talking gold.. It’s had a nice summer run. What now?
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Safe Haven Gold Rises To $1338 as U.S. Warns of ‘Massive’ Military Response
Safe haven gold extends rally to 11-month high after North Korea nuke test and U.S. warns of ‘massive’ response. Asian and European stocks fall, bonds flat, gold, silver, palladium, Swiss franc rise as Korea tensions flare as North Korea tests ‘hydrogen bomb’. North Korea prepares for possible ICBM launch says S. Korea. U.S. warns of ‘massive,’ ‘overwhelming’ military response to North Korea after meeting with Trump. Trump weighing new economic...
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Marc Faber: Interview with Dr. Doom himself! // 2017 bitcoin cnbc latest today bloomberg thailand
Marc Faber: Interview with Dr. Doom himself! // 2017 bitcoin cnbc latest today bloomberg thailand stock market crash this week august july investing gold silver bubble china collapse doom gloom economic jim rogers Dr. Faber’s website is GloomBoomDoom.com https://www.gloomboomdoom.com/ Learn more information about the charitable organization Child’s Dream at ChildsDream.org http://www.childsdream.org/ or by contacting Marc …...
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“Things Have Been Going Up For Too Long” – Goldman CEO
“Things have been going up for too long…” – Goldman Sachs’ CEO. Lloyd Blankfein, Goldman CEO “unnerved by market” (see video). Bitcoin bubble is no outlier says Bank of America Merrill Lynch. Bubbles are everywhere including London property. $14 trillion of monetary stimulus has pushed investors to take more risks. We are now in a new era of bigger booms and bigger busts – BAML. “Seeing signs of bubbles in more and more parts of the capital market”...
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Gold Has 2 percent Weekly Gain, 18 percent Higher YTD – Trump’s Debt Ceiling Deal Hurts Dollar
Gold hits $1,355/oz as USD at 32-month low -concerns about Trump, US economy. Silver and platinum 2.3% and 1.2% higher in week; palladium 3% lower. Euro Stoxx flat for week – S&P 500, Nikkei down 0.65% and 2.2%. Geo-political concerns including North Korea, falling USD push gold 2.1% in week. Gold prices reach $1,355 this morning following Mexico earthquake. Safe haven demand sees gold over one year high, highest since August 2016.
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Le retour de l’or sur la scène monétaire mondiale?
Mars 2009, le gouverneur de la Banque populaire de Chine M Zhou Xiaochuan revint dans le cadre d’une conférence intitulée Reform the international Monetary System sur la vision de Keynes au sujet du bancor.Pour lui, le système centré sur le dollar américain et les taux de changes flottants, plus ou moins librement, devrait être repensé.
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Currywurst? That’ll be 0.0019 bitcoins please
The traditional favourite snack of late night revellers - the currywurst, or curried sausage – has just entered the digital world. It can now be paid for using the cryptocurrency bitcoin in Switzerland. The Wurst & Moritzexternal link company has responded to repeated demand from customers to spend their hard-earned bitcoins in its restaurants in Zurich and Bern.
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Precious Metals Supply Pipeline Getting Harder & Harder to Fill
Read full transcript here: https://goo.gl/pjYJuR David Smith of The Morgan Report and regular contributor to MoneyMetals.com joins Mike Gleason for another enlightening conversation. David tells Mike how much longer he thinks the upside move will last in the gold and silver markets and also weighs in on Bitcoin and the cryptocurrencies. #goldmarket #bitcoin #cryptocurrencies ================== …
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Physical Gold In Vault Is “True Hedge of Last Resort” – Goldman Sachs
Physical gold is “the true currency of the last resort” – Goldman Sachs. “Gold is a good hedge against geopolitical risks when the event leads to a debasement of the dollar” . Trump and Washington risk bigger driver of gold than risks such as North Korea. Recent events such as N. Korea only explain fraction of 2017 gold price rally. Do not buy gold futures or ETFs rather “physical gold in a vault” [is] the “true hedge”.
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Bitcoin, Sour Grapes and the Institutional Herd
The point is institutional ownership of bitcoin is in the very early stages.
If I had a bitcoin for every time some pundit declared bitcoin is a bubble, I'd be a billionaire. There are three problems with opining that bitcoin and cryptocurrencies are bubblicious:
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