Category Archive: 6a) Gold & Monetary Metals

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Safe Haven Gold Rises To $1338 as U.S. Warns of ‘Massive’ Military Response

2017-09-12

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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“Things Have Been Going Up For Too Long” – Goldman CEO

2017-09-11

by Jan Skoyles

2017-09-11

“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

2017-09-10

by Jan Skoyles

2017-09-10

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?

2017-09-09

by Liliane Held-Khawam

2017-09-09

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

2017-09-09

by Swissinfo

2017-09-09

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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Physical Gold In Vault Is “True Hedge of Last Resort” – Goldman Sachs

2017-09-08

by Jan Skoyles

2017-09-08

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

2017-09-07

by Charles Hugh Smith

2017-09-07

One Year Chart of Bitcoin, Oct 2016 - Jul 2017

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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Bitcoin Falls 20 percent as Mobius and Chinese Regulators Warn

2017-09-06

by Jan Skoyles

2017-09-06

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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The Forking Paradise – Precious Metals Supply and Demand Report

2017-09-06

by Keith Weiner

2017-09-06

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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4 Reasons Why “Gold Has Entered A New Bull Market” – Schroders

2017-09-05

by Jan Skoyles

2017-09-05

Gold price and S&P500 Performance, 1961 - 2017

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

2017-09-04

by Jan Skoyles

2017-09-04

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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Six Banks Join UBS’s “Utility Coin” Blockchain Project

2017-09-03

by Tyler Durden

2017-09-03

Here’s a piece of news that the remaining human members of Wall Street’s FX sales and trading desks probably don’t want to hear. According to the Financial Times, six of the world’s largest banks have decided to join a blockchain project called “utility coin” that will allow banks to settle trades in securities denominated in different currencies without a money transfer.

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Gold Reset To $10,000/oz Coming “By January 1, 2018” – Rickards

2017-09-02

by Jan Skoyles

2017-09-02

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

2017-09-01

by Jan Skoyles

2017-09-01

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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Diversify Into Gold On U.S. “Political Instability” Advise Blackrock

2017-08-31

by Mark O'Byrne

2017-08-31

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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Precious Metals Supply-Demand Report

2017-08-29

by Keith Weiner

2017-08-29

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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The Truth About Bundesbank Repatriation of Gold From U.S.

2017-08-26

by Jan Skoyles

2017-08-26

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

2017-08-25

by Jan Skoyles

2017-08-25

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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Bad Ideas About Money and Bitcoin

2017-08-24

by Keith Weiner

2017-08-24

How We Got Used to Fiat Money Most false or irrational ideas about money are not new. For example, take the idea that government can just fix the price of one monetary asset against another. Some people think that we can have a gold standard by such a decree today. This idea goes back at least as far as the Coinage Act of 1792, when the government fixed 371.25 grains of silver to the same value as 24.75 grains of gold, or a ratio of 15 to 1.

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Precious Metals Supply and Demand Report

2017-08-23

by Keith Weiner

2017-08-23

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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