Tag - Gold

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Thursday, August 17 2017

Brien Lundin: If They Don't Want You To Own It, You Probably Should

We're living through the most extraordinary period of monetary printing in all of human history. It’s as widespread as it is delusional.

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Monday, August 14 2017

Collecting metal: the inner and outer worlds of jewelry, coins, bullion bits, and odd shiny things

Our two stars, fortuitously set into collision course by two separate supernovae, approached each other and then, captured by each others’ gravity, entered a death spiral. They collided in an unimaginable explosion, unleashing a power density far greater than that of a mere supernova and trillions of times greater than if a mere mountain-sized asteroid had hit the earth. The collision was so intense that it created a black hole and a burst of extremely high energy light called gamma rays. Escaping the black hole along with the gamma rays was a spray of new, heavier metals, including gold. This gold-rich cloud in part expanded and in part coalesced, participating in the subsequent formation of new solar systems, including our own. Due to this collision of rare intensity, our unusual solar system was seeded with astronomically rare heavy metals such as gold along with the more common supernova products such as copper and silver

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Saturday, August 12 2017

BullionStar Presentation on Real Vision TV - Bullion Banking, ETFs & Physical Gold

The video presentation, which was filmed in London in June 2017, covers the fractional-reserve world of bullion bank trading in the London Gold Market, and also some concerns and risks of gold-backed Exchange Traded Funds. It then wraps up by discussing the benefits and attractions of physical gold ownership in light of the dangers and risks of today’s synthetic gold trading market.

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Sunday, August 6 2017

How Many Gold Bars Do London Vaults Hold

Courtesy of UBS, below we present extended observations on what the LBMA data reveal, and the implications for the broader gold market in general, as well as investing in the precious metal in particular.

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Thursday, August 3 2017

Gold Demand Trends Q2 2017

Q2 gold demand of 953.4t was 10% lower than 2016, while H1 demand slowed 14% to 2,003.8t. Y-o-y comparisons are affected by record ETF inflows in 2016: demand from this sector slowed dramatically after last year’s H1 surge. Central bank net purchases of 176.7t were also slightly lower in the first half (-3%). By contrast, bar and coin investment improved, as did jewellery demand, although the latter remains weak in a long-term context. Technology demand also made modest gains.

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Wednesday, August 2 2017

Greenspan Fears Imminent Stagflationary Slump, Warns The Bubble Is In Bonds Not Stocks

If we went back on the gold standard and we adhered to the actual structure of the gold standard as it exited prior to 1913, we'd be fine.

Remember that the period 1870 to 1913 was one of the most aggressive periods economically that we've had in the United States, and that was a golden period of the gold standard. I'm known as a gold bug and everyone laughs at me, but why do central banks own gold now?

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Tuesday, July 25 2017

Gold and the Swiss Franc

What is the relationship between the Swiss franc and gold? Is there one? If there is one, is it just coincidence? I will try briefly with the help of some charts to show you why the Swiss franc is almost as good as gold but certainly it is not gold. The Swiss franc is considered today a safe haven as it was in the 70s after the gold exchange standard collapsed.

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Thursday, July 20 2017

Sprott Precious Metals Watch

A highlight of 2017 financial markets has certainly been the explosion of interest in cryptocurrencies. We attribute growing interest in digital currencies to a concern shared by many gold investors. In short, resentment is mounting over the financially repressive policies of global central banks. Specifically, the imposition of negative interest rates and related official backing of increasingly cashless economies have catalyzed interest in investment vehicles outside the traditional financial system, such as precious metals and cryptocurrencies. Along the way, comparisons of bitcoin to gold have become all the rage. Because spot gold has spent the past five-and-a-half months trading within a $100-range, while the prices of cryptocurrencies have soared, some have even suggested that digital currencies are usurping gold’s role as preferred store of value.

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Monday, July 17 2017

Gold shops: coming to a high street near you?

The yellow metal is famed for its status as a safe haven and a store of wealth in times of uncertainty, but is there really a growing demand for physical gold? And how are companies exploiting the opportunity?

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Thursday, July 6 2017

Gold Investor 4

Welcome to the summer edition of Gold Investor, where leading commentators and market participants discuss new developments for gold and its evolving global role.

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Friday, June 23 2017

Monetary Metals Brings Back the Gold Forward Rate

Monetary Metals announces that it is now publishing the gold forward rate (GOFO), calculated using public market data. The MM GOFO™ has better than 0.99 correlation to the historical GOFO published by the London Bullion Market Association (LBMA). The company also publishes the silver forward rate, MM SIFO™.

The forward rate is important to gold mining, refining, jewelry, mint, and industrial manufacturing companies, because their financing and hedging transactions depend on it. However, the LBMA stopped publishing GOFO in January 2015, and SIFO in in November 2012.

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Thursday, June 22 2017

How much gold do Americans own?

When I passed along an estimate that fewer than 10% of American adults own gold as an investment, a spokesman wouldn’t confirm, but hinted that it was accurate.

A detailed 2010 poll designed to elicit the views of Americans sympathetic to the tea party movement found that 5% of those who viewed the movement favorably said that they had purchased gold coins or bars in the preceding 12 months. (The poll did not report a result for the same question from the general population). Many of the newsletters and consultants that advise people to buy precious metals estimate that between 1% and 3% of the American population owns precious metals.

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Are the World’s Billionaire Investors Actually Buying Gold?

If and when the paper gold market implodes and the price of real physical gold diverges from the paper price of gold, the world’s billionaire investors will need to line up their ducks and explain to their partners and shareholders if they actually hold tangible physical gold bars, and if not why not.

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Thursday, June 15 2017

Texas taps private vendor to manage first state-run gold depository in US

Comptroller Glenn Hegar announced at a news conference at the Capitol that his office had selected Austin-based Lone Star Tangible Assets as the private vendor tasked with building and operating the Texas Bullion Depository.

“The Texas Bullion Depository will offer Texas safe, fully-insured storage of precious metals providing an alternative to the depositories largely located in and around New York City,” Hegar said.

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Friday, June 9 2017

Increase In Physical Gold Demand

Sharps Pixley opened a bullion showroom in St James's, London in early 2016 where clients can now readily buy, sell, test and store physical gold.

Sharps Pixley report they have been inundated with investor interest with a 252 pct increase in gold demand year-on-year (May 2016 vs May 2017) ; the business has run out of some bullion products and they are again flying in fresh metal from Switzerland and Germany in order to replenish stocks. In the June month-to-date they are on track to break all records.

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Thursday, June 8 2017

ASIA PACIFIC Precious Metals Conference

Lots of articles to read - download PDFs

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Wednesday, June 7 2017

The New Gold Rush Is All About Vaults

From safety-deposit boxes in leafy west London to high-security facilities housing gold and silver in Frankfurt, companies that store valuables are expanding to meet demand.

A rush into haven assets that began during the financial crisis is getting a new lease on life from an upsurge in populist politics and a quickening of inflation.

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Tuesday, May 30 2017

The World Gold Council’s gold market analysis is useless

It is axiomatic that at any given time the total demand for gold equals the total supply of gold, which, in turn, equals the total aboveground gold inventory. The total aboveground gold inventory is somewhere between 150K and 200K tonnes, so at any given time the total demand for gold lies somewhere between 150K and 200K tonnes.

When new buyers enter the market they draw from the existing aboveground supply. These new buyers cannot possibly increase the total demand, because the increased demand on the part of people who add to their gold ownership will always be exactly offset by the decreased demand on the part of people who reduce their gold ownership.

A balance is maintained by the changing price. For example, if there are more buyers than sellers at a particular price or the buyers are more motivated than the sellers then the price will rise to establish a new balance. Therefore, a price rise is irrefutable evidence of a momentary rise in demand relative to supply and a price decline is irrefutable evidence of a momentary fall in demand relative to supply.

Importantly, the change in price is the ONLY reliable indication of an attempt by demand to rise or fall relative to supply. Any statement to the effect that a price rise was accompanied by reduced demand or that a price decline was accompanied by increased demand is therefore ludicrous.

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OneGram Launches $500 Million ICO for Gold-Backed Digital Currency

Onegram, a Sharia-compliant cryptocurrency backed by gold is seeking $500 million with its crowdsale of 12 million OGC tokens which launched as Ramadan began on Friday.

As a cryptocurrency, OneGram sees each coin backed by one gram at launch at its launch, with OneGram’s developers pointing to the resiliency of gold over fiat money. Every OneGram transaction generates a small fee, which is reinvested to buy more gold to increase the gold reserves backing the token. The developers plan is to add more gold if or when transaction volumes increase with profits to be shared among all OneGram investors.

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Saturday, May 27 2017

On Gold, Dollars, & Bitcoin

Many of us who have toiled over the years as professional investors are deluded with the explicit or subconscious expectation that the perception of wealth and markets will someday revert to what they were five, ten or twenty years ago. They will not, in our view. Yes, this time IS different (as it always has been). Our money will change (as it always has).

Given the highly leveraged state of the current monetary regime, the most dominant variable for future wealth maintenance and creation, in our view, may not be asset selection but rather money selection.

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