Category Archive: 6a) Gold & Monetary Metals

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Key Charts: Gold is Cheap and US Recession May Be Closer Than Think

2017-10-23

Average Annual Gold Price in USD, 1971 - 2017

Every year, Ronald-Peter Stoeferle and Mark J Valek of investment and asset management company Incrementum put together the report In Gold We Trust – 160-plus pages of charts and thoughts, mostly gold-related, on the state of the world’s finances. There’s so much to look at and consider. It’s a sort of digital equivalent of a coffee-table book.

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Gold Up 74percent and One Of Top Performing Assets Since Last Market Peak 10 Years Ago

2017-10-22

by Jan Skoyles

2017-10-22

10 year anniversary of pre-Global Financial Crisis market peak in S&P 500 on October 9th. Gold up 74% since the last market peak a decade ago; 11% pa in USD, 9.4% pa in EUR and 12.4% pa in GBP. Precious metal has climbed $736/oz on Oct 9th 2007 to $1278.75 ten-years later. S&P 500’s 102% climb is thanks to asset-pumping policies by central banks, rather than value. Gold’s performance is slowly forcing mainstream to re-consider gold.

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How Gold Bullion Protects From Conflict And War

2017-10-21

by Jan Skoyles

2017-10-21

What Steel’s study shows is that, as with any monetary force, it is how it is managed rather than what it is that carries responsibility for conflicts and the resulting financial situation. Steel’s work also demonstrates the strength and protection access to gold will give a country or army during times of conflict.

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Is This The Best Way To Bet On The Fed Losing Control Of The Bond Market?

2017-10-20

by Kevin Muir

2017-10-20

Authored by Kevin Muir via The Macro Tourist blog, Lately, one of my biggest duds of a call has been for the yield curve to steepen. Sure, I have all sorts of fancy reasons why it should steepen, but reality glares back at me in black and white on my P&L run. Sometimes fighting with the market is an exercise in futility.

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The 2017 Incrementum Gold Chart Book

2017-10-20

by Pater Tenebrarum

2017-10-20

S&P 500 Large Cap Index, June 2000 - Oct 2017

Our friends at Incrementum have created a special treat for gold aficionados, based on the 2017 “In Gold We Trust Report”. Not everybody has the time to read a 160 page report, even if it would be quite worthwhile to do so. As we always mention when it is published, it is a highly useful reference work, even if one doesn’t get around to reading all of it (and selective reading is always possible, aided by the table of contents at the beginning).

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Silver Bullion Prices Set to Soar

2017-10-19

by Mark O'Byrne

2017-10-19

Gold Spot and Bitcoin Price, Jan - Oct 2017

Gold prices have far outpaced gains in silver so far this year, but silver will emerge as the winner for the second year in a row. With a per-ounce price of $17.41 for silver futures as of Friday, analysts say the white metal is poised for a big climb, particularly as the gold-to-silver ratio stands well above historical averages.

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Precious Metals Supply and Demand

2017-10-18

by Keith Weiner

2017-10-18

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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Brexit UK Vulnerable As Gold Bar Exports Distort UK Trade Figures

2017-10-18

by Jan Skoyles

2017-10-18

Brexit UK vulnerable as gold bar exports distort UK trade figures. Britain’s gold exports worth more than any other physical export. Gold accounted for more than one in ten pounds of UK exports in July 2017. UK’s stock of wealth has collapsed from a surplus of £469bn to a net deficit of £22bn – ONS error. Brexiteers argue majority of trade is outside EU, this is due to large London gold exports. Single gold bar (London Good Delivery) is, at today’s...

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Neck and Neck: Russian and Chinese Official Gold Reserves

2017-10-17

by Ronan Manly

2017-10-17

Russian Central Bank Gold Reserves, 1994 - 2016

Official gold reserve updates from the Russian and Chinese central banks are probably one of the more closely watched metrics in the gold world. After the US, Germany, Italy and France, the sovereign gold holdings of China and Russia are the world’s 5th and 6th largest. And with the gold reserves ‘official figures’ of the US, Germany, Italy and France being essentially static, the only numbers worth watching are those of China and Russia.

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The Gold-Backed-Oil-Yuan Futures Contract Myth

2017-10-16

by Koos Jansen

2017-10-16

Share of Global Payments, Oct 2010 - Jul 2017

On September 1, 2017, the Nikkei Asian Review published an article titled, “China sees new world order with oil benchmark backed by gold”, written by Damon Evans. Just below the headline in the introduction it states, “China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry”. Not long after the Nikkei piece was released ‘the story’ was...

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U.S. Mint Gold Coin Sales and VIX Point To Increased Market Volatility and Higher Gold

2017-10-15

by Jan Skoyles

2017-10-15

US Mint gold coin sales and VIX at weakest in a decade. Very low gold coin sales and VIX signal volatility coming. Gold rises 1.7% this week after China’s Golden Week; pattern of higher prices after Golden Week. U.S. Mint sales do not provide the full picture of robust global gold demand. Perth Mint gold sales double in September reflecting increased gold demand in both Asia and Europe. Middle East demand likely high given geopolitical risks. Iran...

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Swiss Flush $3 Million In Gold And Silver Down The Drain Every Year

2017-10-14

by Tyler Durden

2017-10-14

When it comes to flushing valuables down the toilet, the Swiss are hardly "Austrians", and appear to be equity-opportunity dumpers, whether it is fiat or hard money. Last month we reported that Switzerland was gripped in a mystery, after it was discovered that someone tried to flush $120,000 in €500 bills down the toilet in a bathroom close to a UBS bank vault as well as three nearby restaurants, which in turn clogged the local toilets requiring...

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Global Outlook – Mad, Mad, Mad, MAD World: News in Charts

2017-10-13

by Mark O'Byrne

2017-10-13

Global Outlook – Mad, Mad, Mad, MAD World: News in Charts by Fathom Consulting via Thomson Reuters. Alarm bells are ringing for economic fundamentalists such as Fathom Consulting. Asset prices look increasingly out of step with fundamentals, and in some cases they look downright bubbly. And other geopolitical developments are similarly alarming. One might even describe them as…

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Young Guns of Gold Podcast – ‘The Everything Bubble’

2017-10-12

by Jan Skoyles

2017-10-12

Young Guns of Gold Podcast – ‘The Everything Bubble’. Precious Metal Roundtable discuss gold in 2017 and outlook. Gold +9.1% year to date; Performing well given Fed raising rates, lack of volatility and surge in stock markets. “People are expecting too much from gold”. Economy: Inflation indicators, recession on the horizon, global debt issues. Global demand: ETF inflows, Russia central bank purchases, Germany investment figures and international...

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3 million francs of gold and silver found in Swiss sewers

2017-10-11

by Le News

2017-10-11

Call it “dirty money” if you wish, because there’s about CHF 3 million in gold and silver found each year in Swiss sewage. But no one is going to get rich, according to a just-published report by the Swiss Federal Institute of Aquatic Science and Technology (Eawag). Recovering the estimated CHF 1.5 million in gold, and the same in silver, that passes through Swiss wastewater each year, wouldn’t be cost-effective, says the report. On the bright...

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Stocks Up and Yields Down – Precious Metals Supply & Demand

2017-10-10

by Keith Weiner

2017-10-10

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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Perth Mint Gold Coins Sales Double In September

2017-10-09

by Mark O'Byrne

2017-10-09

Perth Mint gold coins see sales double on month in September. Perth Mint silver bullion coin sales surge 78% in September. Perth Mint sold 46,415 ounces of gold in September. Nearly six times more gold coins sold at Perth Mint than U.S. Mint in September. Sales surge at Perth Mint from low base; could indicate trend change and higher demand in coming months

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Gold Investment In Germany Surges – Now World’s Largest Gold Buyers

2017-10-08

by Mark O'Byrne

2017-10-08

Gold investment in Germany surged in past 10 years. Germans are largest gold buyers in world: WGC research. Gold investment in Germany surges to €6.8B in 2016. Gold demand per person is highest in world – double Chinese, UK and U.S. demand. Gold one of the most popular investment for retail investors especially those with high incomes. 59% of respondents agreed with the statement that gold will never lose its value in the long-term. 48% agreed with...

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Yahoo Hacking Highlights Cyber Risk and Increasing Importance of Physical Gold

2017-10-07

by Jan Skoyles

2017-10-07

Yahoo admits every single one of 3 billion accounts hacked in 2013 data theft. Equifax hacking and security breach exposes half of the U.S. population. Some 143 million people vulnerable to identity theft. Deloitte hack compromised sensitive emails and client data. JP Morgan hacked and New York Fed hacked and robbed. International hacking group steals $300 million. Global digital banking and financial system not secure

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Thoughtful Disagreement with Ted Butler

2017-10-06

by Keith Weiner

2017-10-06

Too Big to Fail? Dear Mr. Butler, in your article of 2 October, entitled Thoughtful Disagreement, you say: “Someone will come up with the thoughtful disagreement that makes the body of my premise invalid or the price of silver will validate the premise by exploding.” Ted Butler – we first became aware of Mr. Butler in 1998, and as far as we know, he has been making the bullish case for silver ever since.

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