Tag - Gold

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Saturday, February 29 2020

Peak Gold a Longer-Term Story

Looking ahead longer-term, a key driver of the yellow metal’s price is expected to be a steady decline in global output year after year. The following chart, borrowed from Barrick Gold CEO Mark Bristow’s presentation this week at BMO Capital Markets Global Metals & Mining Conference, shows that global gold production will begin to taper off starting next year, and by the end of the decade, should be at multi-year lows. No region is expected to see an increase in production.

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Monday, February 24 2020

Gold Past $10,000

The money to push gold over $10,000 per ounce has already been printed.

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Tuesday, February 11 2020

China’s gold market not immune to a wider downturn

As the Chinese economy continues to be disrupted by the outbreak of the novel coronavirus and parts of China’s economy come to a virtual standstill, it would be unrealistic to expect that the Chinese gold market, the world’s largest, will not be adversely impacted.

From quarantined cities to lower consumer demand, from reduced flight traffic to closed frontiers and boarders, the economic shock to diverse sectors of the economy, including the domestic gold market, should not be underestimated.

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Friday, January 31 2020

Hitting Zero: 700 Years of Declining Global Real Interest Rates

One of the key drivers … for the US dollar gold price is real interest rates. It is thought that when interest rates on long-term sovereign bonds, minus inflation, are falling, it becomes more attractive to own gold as it is a less risky asset than sovereign bonds (gold has no counterparty risk).

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Wednesday, January 15 2020

Europe's Renewed Interest in Gold

In Europe, institutional and individual investors alike are showing renewed interest in gold. The reasons for this trend are manifold: negative interest rates, the set-back of equity markets in Q4/2018, slowing economic growth, and a growing distrust in the sustainability of the global political and economic order and the stability of financial markets.

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China’s Gold Hoarding: Will It Cause the Price of Gold to Rise?

There are reasons to think that the gold price will rise faster than expected.

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Monday, January 6 2020

The West-East Ebb and Flood of Gold

The West-East ebb and flood pattern holds that physical gold migrates from the West to the East when the gold price declines, and from the East to the West when the price of gold rises. What causes this pattern is that gold trades more like a currency than a commodity and that in the past decades, the West has mainly set the price. Cultural differences between West and East can explain the pattern.

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Saturday, December 21 2019

Paul Volcker: The Man Who Vanquished Gold

Mr. Volcker certainly deserves credit for curbing the Great Inflation of the 1970s. However, he also merits a lion’s share of the blame for unleashing the Great Inflation on the US and the world economy in the first place. For it was Mr. Volcker who masterminded the program that President Nixon announced on August 15, 1971, which unilaterally suspended gold convertibility of US dollars held by foreign governments and central banks, imposed a fascist wage-price freeze on the US economy, and slapped a 10 percent surcharge on foreign imports.

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Tuesday, December 17 2019

Central Banks Buying More Equities than Gold? Why?

The amount of gold added to central bank portfolios was tiny in comparison to equities. They bought more than $1 trillion of equities in 2018. The central banks bought only about $57 billion of gold in the past 3 years.

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Saturday, December 14 2019

Quantum leap for banks as ABN AMRO questions gold price discovery

“There are two sets of gold markets – on the one side, the COMEX gold futures and London OTC unallocated gold spot markets which are both ultra-leveraged and which both create gold supply out of thin air, and on the other side, the physical gold markets which inherit the gold prices derived in these paper gold markets. Currently the physical gold markets have no effect on the international gold price.”

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Wednesday, December 11 2019

Turkey Wants the World’s Gold, With Few Questions Asked

Turkey is putting the finishing touches on a plan to loosen rules that govern the import of gold to one of the world’s biggest consumers of the precious metal.

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Monday, December 9 2019

The Essence of Gold Supply and Demand Dynamics

To understand the price of gold, first, one needs to understand the true nature of its supply and demand dynamics.

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Monday, December 2 2019

Gold retail market insights

Here, we present the views of 18,000 people, giving unprecedented insight into global buying patterns and attitudes across retail gold markets.

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Gold retail market insights

Here, we present the views of 18,000 people, giving unprecedented insight into global buying patterns and attitudes across retail gold markets.

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Friday, November 29 2019

Gold: safe-haven role firmly established

With negative rates a clear driver of additional financial demand for gold as an alternative to traditional safe havens, the downside risk for the gold price is limited.

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Thursday, November 28 2019

Life under a gold standard

To sum up Gibson’s paradox, when the general pace of economic advancement slows: 1) bonds yield less interest, and 2) gold becomes more competitive, and thus 3) consumer prices (which are set in gold) fall. Conversely, when the economy becomes more productive: 1) bonds yield more interest, and 2) gold becomes less competitive, and so 3) the prices of food, shelter, and other consumer goods and services rise.

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Wednesday, November 27 2019

South Carolina Legal Tender Act Would Treat Gold and Silver as Money

A bill prefiled in the South Carolina House would make gold and silver coins legal tender in the state. Passage of this bill would take a step toward creating currency competition in South Carolina and undermine the Federal Reserve’s monopoly on money.

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Sunday, November 17 2019

The Future of Gold from 2019 to 2039

Here you can find Sam’s extensive Thesis on Gold. In the Thesis, Sam examines the Developments in the Gold Market, Cycles Analysis, Gold Market Fundamentals, Gold’s Monetary Perspective, Central Banks’ relation to Gold, the flaws in the Efficient Market Hypothesis, Gold Market Manipulation, Gold’s history and many other smaller topics. The report is a form of Market analysis and aims to provide a reliable picture of where Gold prices and Gold usage are heading over the next 20 year

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Wednesday, November 13 2019

Cry Wolf

Does the financial system need an apex predator to maintain stability, mirroring the hierarchy of the world’s natural ecosystems? Grant Williams, the author of Things That Make You Go Hmmm… and co-founder of Real Vision, believes that gold played a crucial role in the stability of the financial system. Grant’s presentation, Cry Wolf,

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Tuesday, November 5 2019

The Power of Gold in Times of Crisis

The causes may differ – hyperinflation, death of paper currencies, economic mismanagement, capital controls, wars – but the outcome is always the same. People and economies instinctively turn to the ultimate asset gold as a safe harbour in times of crisis and emergency. Because only gold persists as a store of value and is trusted as a medium of exchange. Gold allows choices that are not available to those who do not hold gold. In crises, only gold provides economic freedom and liberty.

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