Tag Archive: Gold

Hard Assets In An Age Of Negative Interest Rates

2017-10-04

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2017-10-04

Time is the soul of money, the long-view - its immortality. Hard assets are forever, even when destroyed by the cataclysms of history. It is the outlook that perpetuated the most competent and powerful aristocracies in continental Europe, well up through World War I and, in certain prominent cases, beyond; it is the mindset that has sustained the most fiscally serious democratic republic in the Western world, that of Switzerland.

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“Backdrop For Gold Today Is As Bullish As It Has Been In A Long Time” – GoldCore Dublin

2017-09-26

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2017-09-26

Gold Price in USD, Jan 2013 - 2017
Gold finished sharply higher on Monday, recouping roughly half of last week’s loss, as declines in the U.S. stock market and growing tensions between the U.S. and North Korea lifted prices for the yellow metal to the highest settlement in more than a week.

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Bi-Weekly Economic Review: As Good As It Gets

2017-09-26

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2017-09-26

The incoming economic data hasn’t changed its tone all that much in the last several years. The US economy is growing but more slowly than it once did and we hope it does again. It is frustrating for economic bulls and bears, never fully satisfying either. Probably more important is the frustration of the average American, a dissatisfaction with the status quo that permeates the national debate. The housing bubble papered over the annoying lack of...

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Global Asset Allocation Update: Step Away From The Portfolio

2017-09-25

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2017-09-25

Moderate Allocation
There is no change to the risk budget this month. For the moderate risk investor, the allocation between risk assets and bonds is unchanged at 50/50. There are no changes to the portfolios this month. The post Fed meeting market reaction was a bit surprising in its intensity. The actions of the Fed were, to my mind anyway, pretty much as expected but apparently the algorithms that move markets today were singing from a different hymnal.

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Precious Metals Supply and Demand

2017-09-13

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2017-09-13

Gold and Silver Price
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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Buy Gold for Long Term as “Fiat Money Is Doomed”

2017-09-13

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2017-09-13

Gold Daily, Jul 2010 - Oct 2017
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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“Things Have Been Going Up For Too Long” – Goldman CEO

2017-09-11

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2017-09-11

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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Bi-Weekly Economic Review: Waiting For Irma

2017-09-11

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2017-09-11

This update will be a bit shorter than usual. I’m in Miami awaiting Hurricane Irma. As of now, it looks like the eye of the storm will make landfall near Key West and continue west of us with the Naples/Ft. Myers area at risk. Or at least that’s the way it looks right now. I’ve done a lot of these storms though – I lost a house in Andrew in ’92 – and you never know what these things will do. We are secure in a house that survived Andrew with barely...

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Bitcoin Falls 20 percent as Mobius and Chinese Regulators Warn

2017-09-06

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2017-09-06

Bitcoin in USD 1 Year
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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Bi-Weekly Economic Review: Don’t Underestimate Gridlock

2017-08-30

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2017-08-30

Bi-weekly
The economic reports released since the last update were slightly more upbeat than the previous period. The economic surprises have largely been on the positive side but there were some major disappointments as well. The economy has been doing this for several years now, one part of the economy waxing while another wanes and the overall trajectory not much changed. Indeed, the broad Chicago Fed National Activity index probably says it all, coming...

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

2017-08-26

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2017-08-26

Bundesbank Gold Bar
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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Precious Metals Supply and Demand Report

2017-08-23

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2017-08-23

Gold and Silver Price
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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U.S. Treasury Secretary: I Assume Fort Knox Gold Is Still There

2017-08-23

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2017-08-23

Fort Knox Gold
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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Global Asset Allocation Update: No Upside To Credit

2017-08-21

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2017-08-21

Moderate Allocation
There is no change to the risk budget this month. For the moderate risk investor, the allocation between risk assets and bonds is unchanged at 50/50. There are other changes to the portfolio though so please read on. As I write this the stock market is in the process of taking a dive (well if 1.4% is a “dive”) and one can’t help but wonder if the long awaited and anticipated correction is finally at hand.

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FX Weekly Preview: Transitioning to a New Phase

2017-08-21

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2017-08-21

Jackson Hole marks the end of the investors' summer and a beginning of a challenging several weeks. The abandonment of national business leaders from Trump's advisory board and strong words by Republican Senator Corker, followed by the dismissal of the controversial Bannon, could be a turning point. Neither Yellen nor Draghi may not even address the current policy stance as they discuss the topic at hand, "Fostering Dynamic Global Economy", which...

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Gold Hedges USD Devaluation, Rise in Oil, Food and Cost of Living Since 1971 – Must See Charts

2017-08-19

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2017-08-19

US Dollar in Gold, 1950 - 2017
Gold hedges massive ongoing devaluation of U.S. Dollar. 46th anniversary of ‘Tricky Dicky’ ending Gold Standard (see video). Savings destroyed by currency creation and now negative interest rates. Long-term inflation figures show gold a hedge against rising cost of fuel, food and cost of living. $20 food and beverages basket of 1971 cost $120.17 in 2017.

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Bitcoin Has No Yield, but Gold Does – Precious Metals Supply and Demand Report

2017-08-17

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2017-08-17

Gold and Silver Price
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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Bi-Weekly Economic Review: Ignore The Idiot

2017-08-15

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2017-08-15

Of the economic releases of the past two weeks the one that got the most attention was the employment report. That report is seen by many market analysts as one of the most important and of course the Fed puts a lot of emphasis on it so the press spends an inordinate amount of time dissecting it.

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The West lost at least another 1000 tonnes of large gold bars in 2015

2017-08-14

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2017-08-14

Kilobars
Over the last number of years, one of the most interesting trends in the physical gold world is the ongoing conversion of large 400 ounce gold bars into smaller high purity 1 kilogram gold bars to meet the insatiable demand of Asian gold markets such as China and India.

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Bitcoin Forked – Precious Metals Supply and Demand Report

2017-08-08

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2017-08-08

Gold and silver prices
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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