Tag - Gold

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Tuesday, September 22 2020

'Free money' for banks as investors pile into fractured gold market

The world’s largest 50 investment banks are on track to double their income from precious metals this year to around $2.5 billion, most of it from gold, Coalition, a banking consultancy, told Reuters.

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Monday, August 10 2020

Do not take your eye off the prize

Gold’s value is relative. It doesn’t really matter how many digits it takes to express the price. Its true value lies in what those digits represent in terms of purchasing power.

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Friday, July 24 2020

The Impact of COVID-19 Shutdowns on the Gold Supply Chain

Chains are only as strong as their weakest link—and recent COVID-19 shutdowns have affected every link in the gold supply chain, from producers to end-users.

Increased investor demand for gold coupled with a constrained supply has led to high prices and a bullish market, which has been operating despite these pressures on the supply chain.

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Thursday, July 23 2020

Why Physical Gold Delivery on the COMEX in New York is Elevated

Three elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage.

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Friday, July 17 2020

Europe Has Been Preparing a Global Gold Standard Since the 1970s

Research reveals that European central banks have prepared a new international gold standard. Since the 1970s, policies that paved the way for an equitable and durable monetary system have gradually been implemented.

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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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