Tag - Gold

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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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Friday, March 29 2019

Goldhub blog

Today we have launched a significant addition to Goldhub; the Gold Focus blog.

This new content aggregator draws in commentary and articles covering a wide range of topics to further enhance Goldhub as a leading resource for investors.

Navigate industry insights by author, topic or time frame to keep on top of gold industry developments as they happen.

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Countries must seek ECB approval to manage gold reserves

The European Central Bank needs to approve any operation in the foreign reserves of euro zone countries, including gold and large foreign currency holdings, the ECB’s President Mario Draghi said on Thursday.

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Wednesday, March 27 2019

The federal government should default on its debt

The Treasury would peg the dollar to gold, oil Opens a New Window. , natural gas or silver -- or perhaps a basket of those commodities. By choosing a weak valuation, for instance, $10,000 per ounce of gold, compared to the current market price of roughly $1,290 per ounce, much of the debt could be paid down thanks to a much weaker dollar.

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Wednesday, March 20 2019

In Gold we Trust 2019 Preview Chartbook

Executive Summary of the In Gold We Trust Chartbook

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Is the world running out of gold?

As the yellow metal hits peak production, experts feel we may have discovered all of the world's major gold deposits. So what does it mean for the precious metal aficionados and investors?

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Sunday, March 17 2019

Why Gold Is Still The Best Basis For Money

Economies work best when currencies are stable in value. Once we know what the goal is, we then look for a way to achieve it; and the best way has always been to base a currency on gold. Nobody has found a better way, even in the form of a proposal; and nobody has ever needed to find a better way, because gold has always worked very well.

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Thursday, March 14 2019

Gold in the age of high-speed electronic trading

Investors have always viewed gold as a reliable hedge against inflation and deflation. In the years to come, they might very well come to know it as an effective hedge against computer-generated financial mayhem as well.

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Saturday, March 9 2019

Syria Accuses US Stole 40+ Tons of Its Gold

The sources said that tens of tons that Daesh had been keeping in their last hotbed in al-Baghouz area in Deir Ezzor countryside have been handed to the Americans, adding up to other tons of gold that Americans have found in other hideouts for Daesh, making the total amount of gold taken by the Americans to the US around 50 tons, leaving only scraps for the SDF Kurdish militias that serve them the US operation.

The US had done the same thing when it took over Ukraine by a brutal coup in February 2014: It grabbed the gold.

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