Tag - Gold

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Tuesday, October 8 2019

What makes this gold market rally different from all others

The advent of negative rates is perhaps one of the more profound differences between this gold rally and rallies of the past. It might also prove to be the most enduring.

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Wednesday, September 25 2019

The gold/Oktoberfest beer ratio 2019

gold protects against paper money’s ongoing loss of purchasing power - or expressed in Wiesn terminology: against dry throats.

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Saturday, September 14 2019

Look Which Precious Metal Is Beating Warren Buffett

For the 20-year period, gold has returned more than 485 percent, beating Warren’s Berkshire Hathaway, which was up 426 percent. Not only that, gold royalty and streaming company Franco-Nevada, has beaten Buffett too.

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Friday, September 6 2019

Japan's retail gold price clambers to highest since 1980 amid global economy jitters

The retail price of physical gold in Japan climbed to its highest in nearly 40 years on Thursday, a surge accentuated by fluctuations in the value of the yen but mirroring a global hunt for the safe-haven precious metal amid worries that the U.S.-China trade row could further depress the global economy.

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Monday, August 26 2019

"Pet Rock" Indeed: Bank of America Says Buy Gold As Central Banks Lose Control

The side-effects of that are mirrored by Chart 8 and Chart 9: value and proportion of debt with negative yields has risen almost exponentially of late and this has been a powerful driver of the gold.

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Sunday, August 25 2019

Even for 50 grams of gold cash must be identified

The policy significantly restricts the anonymous purchase of precious metals and art. According to the bill, the new cash threshold of 2000 euros will apply from January. Money laundering and terrorist financing should be prevented.

Not even a 50 gram gold bar can be bought anonymously from next year. If the current price of 2100 euros but above the new cash threshold of 2000 euros. In the future, cash purchases for the precious metals trader will require: Request, copy or scan the buyer's ID and keep the document for five years.

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Saturday, August 24 2019

The Complacency Bubble

I don’t know if you saw it, but the other day on Zerohedge there was an article that referred to a research piece by J.P. Morgan Private Bank expressing concerns over the reserve status of the U.S. dollar. And it shows that J.P.’s private bank clients hold virtually zero gold, but the bank is now suggesting that they hold up to 5%. If institutional investors move into gold on that scale, it would be momentous.

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Wednesday, August 21 2019

Swiss Gold Exports to U.K. Hit 6-Year High on ETF Surge

Swiss gold exports to the United Kingdom rose to the highest in six years, driven by a surge in demand for exchange-traded funds.

Switzerland shipped 90.7 tons of bullion to the U.K. in July, the most since September 2012, according to data on the website of Swiss Federal Customs Administration. That compares with just 7.4 tons in June.

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Monday, July 29 2019

Trump Fed pick’s push for gold troubles lawmakers

She says returning to an authentic gold standard — in which dollars are redeemable for a certain amount of gold — “would not be feasible” now, because there are too many dollars in circulation relative to the U.S. government’s store of gold. Such a standard hasn’t fully existed in the U.S. since the Great Depression.

But, she added, “it might be worth trying to incorporate some aspect of a gold/silver link to a future debt instrument to add intrinsic value.”

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Massive 2kg gold nugget worth hundreds of thousands of dollars is discovered by a lucky digger 

A two-kilogram gold nugget worth up to $160,000 has been discovered by a lucky retiree.

The incredible find was made in the outskirts of Ballarat in Victoria on Friday.

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Saturday, June 29 2019

Mahathir’s Gold-backed Currency – Loose Talk or pan-Asian Plan?

It was in this context that Mahathir suggested a gold-based currency that could be used for international trade and investment between Asian economies, and that would serve as an alternative to dependency on the US dollar.

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Friday, June 7 2019

The global collapse in trust has driven a secret bull market in gold

Incrementum observes that in the West, trust is disappearing. People no longer trust their governments. They do not trust their politicians. They do not trust their scientists, or their economists. Experts are biased. The media is biased. Even systems and processes are no longer trusted – whether it’s education, healthcare, even democracy itself.

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‘In Gold We Trust’: Waning confidence in US sends world’s central banks on buying spree

Gold is the universal reserve asset to which central banks, investors, and private individuals from every corner of the world and of every religion and every class return again and again.”

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Friday, May 31 2019

Dr M moots currency backed by gold

Prime Minister Dr Mahathir Mohamad says Malaysia is proposing a new currency based on gold, as this would be more stable than the current currency trading which is manipulative.

He said the precious metal could be used to evaluate import and export activities among the East Asian countries.

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Tuesday, May 28 2019

In Gold We Trust 2019

“The Monetary U-Turn” and its impact on the gold price
The increasing importance of gold as reserve asset in a time of de-dollarization
Gold and cryptocurrencies – a solidifying friendship
Gold stocks: reasons for our confidence (ESG, technology, valuation)
Outlook for gold price development

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Friday, April 26 2019

3 Reasons Why Gold Will Outperform Equities And Bonds

In summary, the prospects for gold given the macro-economic backdrop, fiscal and monetary policy outlook, flow dynamics (reserve managers/investments) and political/event risk dynamics are likeable. Holding an overweight position of an unlevered asset with limited supply such as gold will offer one of the few safe havens for capital preservation.

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Wednesday, April 24 2019

Gold worth billions is smuggled out of Africa

Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – a Reuters analysis has found.

Customs data shows that the UAE imported $15.1 billion worth of gold from Africa in 2016, more than any other country and up from $1.3 billion in 2006. The total weight was 446 tonnes, in varying degrees of purity – up from 67 tonnes in 2006.

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Wednesday, April 17 2019

Survey concludes Germans hold more gold than their central bank

In total, private individuals in Germany own around 8,918 tonnes of gold.

If one were to collect the precious metal from all the repositories in the different corners of the republic and combine them with the gold reserves of the Bundesbank, then this would result in an imposing treasure of 12,288 tons. That sounds huge, but that's 6.5 percent of the world's gold reserves.

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Saturday, April 13 2019

What's the Second Best Performing Asset Since 1999?

Some of you reading this right now can probably point to a few investments you made over the years that had more in common with black holes than you would care to admit.

Gold, I’m happy to say, is not among those investments, despite all the negative press it sometimes gets. The evidence keeps rolling in that the yellow metal has historically been a wise investment. Because it has a negative correlation with the market, gold has helped investors diversify their portfolios and improve their risk-adjusted returns.

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Tuesday, April 9 2019

Is Gold Still Liquid in Bullion Form?

You will find that gold bullion will also get caught up in a liquidity crisis in Europe where you will be unable to sell it even if you have purchased it with cash after taxes. The hunt for taxation is really destroying the world economy far more than people are aware and Europe is in first place.

Gold will survive long-term. But don’t count on it being available during the period before the crash and burn.

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