Category Archive: 6a) Gold & Monetary Metals
Bitcoin Falls 20 percent as Mobius and Chinese Regulators Warn
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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Michael Pento Exclusive: Gold Sniffing Out Coming Central Bank Failure; $2000+ Per Ounce?
Read the full transcript here: https://goo.gl/kAwFav Money Metals Exchange welcomes Michael Pento, President and founder of Pento Portfolio Strategies, and author of the book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a well-known and successful money manager, and has been a regular guest on CNBC, …
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4 Reasons Why “Gold Has Entered A New Bull Market” – Schroders
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
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
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
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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Thank God Its Friday with Marc Faber
Marc Faber, , Editor and Publisher, The Gloom, Boom & Doom Report talks about Indian real-estate, cryptocurrency and Indian stocks.
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Diversify Into Gold On U.S. “Political Instability” Advise Blackrock
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.
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
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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Sprott Money News Ask the Expert August 2017 – Nomi Prins
Renowned journalist and author, Nomi Prins, fields questions from Sprott Money customers on topics ranging from the Federal Reserve system to the gold in Fort Knox.
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Ronan Manly-Can China Impact the Fraudulent London Paper Gold Markets?
Ronan Manly, explains how an honest gold bullion market in Shanghai could put pressure on western gold markets to correct price distortion caused by the paper futures markets?
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U.S. Treasury Secretary: I Assume Fort Knox Gold Is Still There
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
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
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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