Tag - Gold

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Wednesday, July 8 2020

'Mphm!' For many gold is a lifestyle decision too

You should not buy gold because you need to make money, but to protect the money you already have. Don’t look at the price at any given point in time as a barrier but as an incentive – especially if it is needed to fill a vacancy in your portfolio. Don’t buy the paper pretenders, but the real thing in the form of coins and bullion.

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Thursday, June 25 2020

Why Gold, and Why Now

For thousands of years gold is the ultimate store of value. Currently, gold is undervalued as there are massive bubbles in asset markets and central banks continue to print money, which supports these bubbles. This is an unsustainable situation; and when the bubbles burst the gold price will rise.

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A new era for gold: What’s next?

Introducing a new Thought-Leadership series to bring you thought-provoking insights from industry-leading experts.

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Saturday, June 13 2020

Banks Have Moved Gold Trading From New York to London, LBMA Says

An extreme dislocation in the global gold market earlier this year spurred banks to shift some positions out of New York futures and into the London over-the-counter market, according to a leading figure in the industry.

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The global gold market is breaking up

Gold, the universal currency and store of value, is being de-globalised. Mocatta, long the largest gold bullion dealer, is being unwound and shut down by Scotiabank. JPMorgan, the leading US bullion bank, is ever more reluctant and slow to take on new counterparties.

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Wednesday, May 27 2020

Scotiabank Takes $168 Million Hit as It Shuts Historic Gold Unit

Bank of Nova Scotia has set aside C$232 million ($168 million) to cover the cost of winding down its historic precious-metals unit as well as a potential settlement of U.S. investigations into the unit’s trading activities.

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Sunday, May 10 2020

Gold in the year of the pandemic

What it cannot do is cure the virus. What it could do, however, according to a good many analysts, is act as an effective hedge against its economic consequences. Since the beginning of the year through April, the metal was up 11.73% during probably the worst period in economic history since the 1930s Great Depression.

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Thursday, May 7 2020

Rick Rule: when gold prices will finally be “catching fire”

It is worthy to know if you are a commodities investor of precious metals or other types of commodities that the increasing securitization of commodities, the fact that they increasingly change hands as derivatives rather than as physicals will continue to impact the trading environment of commodities for the forseeable future and investors need to take that into account.

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Wednesday, April 29 2020

Scotiabank to close its metals business

Bank of Nova Scotia (Scotiabank) told staff on Tuesday it would close its metals business, drawing the curtain on one of the most venerable names in precious metals trading, two sources familiar with the matter told Reuters.

Scotia was for years the world’s biggest lender to the physical precious metals industry, with a history stretching to the founding in 1684 of London gold dealer Mocatta Bullion, which it bought in 1997.

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Monday, April 27 2020

Physical Gold Premiums Soar To Highest Since Crimean Conflict As Congressman Questions COMEX

1) Does the commission have jurisdiction over manipulative futures trading by the U.S. government or its brokers or agents or other governments?

2) Is the commission aware of futures trading by the U.S. government, its brokers, or agents?

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Saturday, April 25 2020

Since Inception the Euro Has Devalued by 85% Against Gold

On April 23, 2020, the gold price breached €51,000 euros per Kg for the first time in history. The gold price in euros has increased by 555% since the euro was created in 1999. Put differently, since inception the euro lost 85% of its value against gold.

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Tuesday, April 21 2020

Secular Gold Bull Resumes with Force

Monetary and Fiscal Policy Going Ballistic

There is no need to belabor the obvious. However, the consequences of these actions have yet to be priced into the financial markets or gold.

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Denver Gold Group Webcasts

Denver Gold Group Webcasts

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Coin Demand of Little Relevance to the Gold Price

Demand for gold coins must be seen as a retail sentiment indicator. In the gold space, it is often assumed that whenever demand for gold coins rises and the premiums these coins attract escalate, the price of gold should sky-rocket accordingly.

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Friday, April 10 2020

The crisis ready investment portfolio

Physical gold demand at record levels, paper gold price disconnects

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Friday, April 3 2020

Germany Hoarding Gold to Prepare For Currency Reform, Italy Dishoards

The Germans are wary of inflation, for which they hold physical gold as insurance. In the 2011 survey by CFin, more than 80% of the respondents said to “buy gold because of the preservation of value and protection against inflation.”

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Tuesday, March 24 2020

Huge spreads occurring in gold prices

The London Bullion Market issued this statement to Kitco News:

“The London gold market continues to be open for business. There has, however, been some impact on liquidity arising from price volatility in Comex 100-oz ounce futures contracts. LBMA has offered its support to CME Group to facilitate physical delivery in New York and is working closely with Comex and other key stakeholders to ensure the efficient running of the global gold market.”

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Gold futures prices soar over $100 on London spot confusion

Trading has been wild Tuesday morning amid unconfirmed reports that London spot gold price quotes have become unreliable or have been pulled as U.K. market-makers shut down due to the Covid-19 outbreak and the U.K. government ordering the country on lock-down. Apparently, big gold traders and commercials in Europe who normally base their trading decisions on the London spot price rushed to buy Comex gold futures when they could not get London what they felt were accurate London spot gold prices.

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Monday, March 23 2020

In gold market coverage, Reuters confuses key points on demand, supply and pricing

This surge in demand for physical bullion is across the board and is not just in Singapore, with dealers globally facing the same demand surge for physical. Given the huge increase in demand, there is now a supply squeeze in the precious metals supply chain, with gold refineries, mints and wholesalers running out of stock. These bullion shortages are getting worse every day, and there are long delays on replenishing inventory.

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Saturday, March 21 2020

The Royal Canadian Mint - Temporary Suspension

The Royal Canadian Mint is implementing a temporary suspension of production effective Friday, March 20, for a period of two weeks.

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