Category Archive: 6a) Gold & Monetary Metals
Russia Buys 300,000 Ounces Of Gold In March – Nears 2,000 Tons In Gold Reserves
Russia buys 300,000 ounces of gold in March and nears 2,000t in gold reserves. Russia now holds just over 1,861 tonnes, more than officially reported by China at 1,842t. Both Russia and China have the power to destabilise US dollar by dumping dollar-denominated assets. Turkey has removed all gold held in the U.S. opting for Bank of England and BIS. Turkey follows trend set by both Germany, Netherlands and others to remove gold reserves stored in...
Read More »
Read More »
Family Offices and HNWs Invest In Gold Again
Family Offices and HNWs Are Investing In Gold Again. Rising interest by family offices and high-net-worth (HNW) into gold bullion investments. Gold ETF assets have reached almost $100 billion due to HNWs and pension funds’ increased demand. Volatility in equities, concerns over trade wars, Trump’s Presidency and other economic worries are spurring demand for gold coins and bars. Prudent money ‘trickle’ back into gold as investors are reminded of...
Read More »
Read More »
‘New buyer found’ for ailing Monetas blockchain firm
Troubled Swiss blockchain payments firm Monetas has found a new mystery buyer to pull it out of the mire, swissinfo.ch has learned. The company has run into major problems in the last few months, including enforced bankruptcy proceedings and the acrimonious failure of a previous takeover. “We are in the process of completing the purchase formalities with a buyer of Monetas.
Read More »
Read More »
From Fake Boom to Real Bust
More is revealed with each passing day. You can count on it. But what exactly the ‘more is of’ requires careful discrimination. Is the ‘more’ merely more noise? Or is it something of actual substance? Today we endeavor to pass judgment, on your behalf.
Read More »
Read More »
Silver Bullion Remains Good Value On Positive Supply And Demand Factors
Silver bullion remains good value on positive supply and demand factors. Industrial demand set to continue to climb from 2017, into 2018 and beyond. Speculators are bearish on silver as net short positions in silver futures reach record. Investment demand sees silver ETF holdings at eight-month high of 665.4 million ozs. 2017 saw fifth consecutive annual physical deficit in scrap silver, of 26 moz. Global silver mine production fell 4% last year,...
Read More »
Read More »
New All Time Record Highs For Gold In 2019
New all time record highs for gold in 2019. ‘Powerful bull market’ will likely send gold to $5,000 to $10,000. If USD & Treasuries keep falling, stocks may decline at ‘moment’s notice’. Traditional portfolio of stocks and bonds will not protect investors. “Gold will replace bonds as the go-to hedge”.
Read More »
Read More »
Palladium Bullion Surges 17percent In 9 Days On Russian Supply Concerns
Palladium bullion has surged a massive 17% in just nine trading days. From $895/oz on Friday April 6th to over $1,052/oz today (April 19th). The price surge is due to palladium being due a bounce after falling in the first quarter and now due to Russian supply concerns. In a volatile month, precious metals and commodities have been the clear winners so far, with palladium having the greatest gains of all – up 10.7% in April (see table below).
Read More »
Read More »
Global Debt Bubble Hits New All Time High – One Quadrillion Reasons To Buy Gold
Global debt bubble hits new all time high – over $237 trillion. Global debt increased 10% or $21 tn in 2017 to nearly a quarter quadrillion USD. Increase in debt equivalent to United States’ ballooning national debt. Global debt up $50 trillion in decade & over 327% of global GDP. $750 trillion of bank derivatives means global debt over $1 quadrillion. Gold will be ‘store of value’ in coming economic contraction. Global debt is the mother of all...
Read More »
Read More »
Volatile Week Sees Oil and Palladium Surge Over 8percent, Gold and Silver Marginally Higher and Stocks Gain
Gold & silver eke out small gains; palladium surges 8% and platinum 2%. Oil (WTI) surges over 8% to over $66.90/bbl; supply disruption risk. U.S. dollar and Treasuries fall; geopolitical, trade war and fiscal concerns. Stocks rally and shrug off trade war, macro and geo-political risks. Bitcoin, major cryptos (Ethereum, Ripple etc) rise sharply. Russia-US tensions high: Trump warns attack ‘could be very soon or not so soon at all’.
Read More »
Read More »
EU and Euro Exposed To Risks Including Trade Wars and War With Russia In Middle East
– EU and euro face growing risks including trade wars, energy independence and war with Russia in Middle East. – Middle East war involving Russia may badly impact energy dependent & fragile EU. – Trade and actual wars on European doorstep show the strategic weakness of the EU. – Toxic combination due to growing anti-EU and anti-Euro sentiment in many EU nations.
Read More »
Read More »
Silent Circle founder joins metals-backed crypto coin project
Renowned cryptographer Philip Zimmermann, who moved his smartphone encryption firm Silent Circle to Switzerland four years ago, has signed up to the metals-backed crypto Tiberius Coin venture as chief science and security officer. Zimmermann, who was inducted into the Internet Hall of Fame by the Internet Society in 2012, came to Switzerland to further develop his anti-snooping Blackphone away from invasive surveillance techniques in his native...
Read More »
Read More »
Trump Tweets Russia “Get Ready” For Missiles In Syria – Gold, Oil Rise and Stocks Fall
Dow set to drop 300 points at open after Trump tweet today. Stocks see sell off and gold pops to test resistance at $1,350/oz. US stock futures suggest over 1% losses at New York open. Oil surged to a two-week high and has surged nearly 7% this week. U.S. bombing Syria may provoke escalation of conflict with Russia and wider conflict in volatile Middle East.
Read More »
Read More »
Gold Out Performs Stocks In 2018 and This Century By Ratio Of Two To One
– Gold outperforming stocks in 2018 and this century (see chart)
– Gold up close to 2% in 2018 while S&P 500 is down 2%
– Trump trade wars and Kudlow as Trump chief economic advisor is gold bullish
– Given gold’s performance, Kudlow’s dismissal of gold as “end of the world insurance” is “irrational”
– Market volatility could drive gold to $1,500/oz in 2018 – Holmes
Read More »
Read More »
US Gold & Silver Futures Markets: “Easy” Targets
Following news coverage of the charging of five precious metals traders and three banks in January, Commodities Futures Trading Commission and Department of Justice documents reveal a global criminal cabal of 16 traders operating in at least four major financial institutions between 2008 and 2015 to defraud COMEX gold and silver futures markets.
Read More »
Read More »
China’s Secret Gold Supplier Is Singapore
Since 2013 China continues to absorb physical gold from the rest of the world at a staggering pace. Worth noting is that gold imported into the Chinese domestic market is not allowed to be returned in the foreseeable future. Because ownership and the disposition of these volumes of gold likely will be of great importance next time around the international monetary system is under stress, it’s well worth tracking China’s progress of imports –...
Read More »
Read More »