The Manipulation of “God’s Money” Gold and Gold at $15,000/oz – Kiyosaki Interviews Powell ◆ “Buying physical gold and silver are the most revolutionary acts one can make … there are no real markets anymore, there are just manipulations” – Chris Powell of GATA ◆ “We love ‘God’s money’ silver and gold, they are real money and they have been manipulated and all markets, currencies and money are manipulated […] READ MORE

“We Remain In Love With Gold – Especially In Times Of Uncertainty” ◆ “We remain in love with gold – especially in times of uncertainty.” ◆ With the pandemic and global lockdowns, “interest in gold has soared, driving its price to historic highs.” ◆ Even Buffett seems to have softened his longstanding antipathy, with Berkshire Hathaway acquiring a massive US$565 million stake in the world’s second-largest gold […] READ MORE

[Chart] Gold is Looking Strong as it Tests Resistance Since it’s sell-off from it’s early August high, gold has been stuck in an ever decreasing range. Having had a remarkable rally to an intra-day high of $2,078 on the 7th of August Gold has traded sideways and consolidated. This has been viewed by many market commentators as a healthy pause in gold’s bull rally […] READ MORE

Video: Equity Options to Trigger the Next Financial Crash Turbulence in financial markets continues with tech equity markets particularly effected. GoldCore CEO Stephen Flood looks at the effect that the buying of equity derivatives by large “Whales” like Softbank, is having on equity markets. With stocks like Tesla recording PE ratios over 1,200 are we looking at the pin that will burst the tech […] READ MORE

Powell says low interest rates could last for years (CNBC) Interest rates are likely to stay low for years as the economy fights its way back from the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said in remarks published Friday afternoon. “We think that the economy’s going to need low interest rates, which support economic activity, for an extended period of time,” Powell told NPR […] READ MORE

Gold Rebounds on Weak Dollar With Investors Weighing Fed Policy (Bloomberg) — Gold climbed, recovering from Thursday’s drop, as the dollar sank with investors weighing the impact of the Federal Reserve’s new approach to setting U.S. monetary policy. The metal rose the most in almost two weeks and the dollar touched a two-year low a day after Fed Chair Jerome Powell said the central bank […] READ MORE

Bonds sold, stocks bought as investors eye Jackson Hole (Reuters) – Traders sold government bonds and bought stocks on Wednesday, placing riskier bets on optimism about U.S.-China trade and expectations of ample central bank stimulus before a key speech by the U.S. Federal Reserve chairman at Jackson Hole. In early London trading, the yield on U.S. 10-year debt rose as high as 0.7190%, close […] READ MORE

Gold $€£ 5,000 Per Ounce In “Messy” Global Currency Reset The coming currency reset will be a “very messy” process as fiat currencies are devalued significantly versus gold. It would involve fixing the price of gold at a specific price, like $€£ 5,000 or $€£ 10,000 per ounce and it may happen as soon as this year. Talking Points From This Episode • What a currency reset could look like. • Futures manipulation […] READ MORE

There Is No “Gold Bubble” as Retail Investors Are Only Starting To Invest in Gold – Bloomberg Interview GoldCore GoldCore Research Director Mark O’Byrne speaks on “Bloomberg Surveillance” about the factors behind the recent sharp fall in the gold price and as gold recovers above $2,000 per ounce, the very positive medium and long term outlook. The outlook is positive due to significant economic uncertainty due to societal and economic lockdowns as the divisive […] READ MORE

No “Gold Rush” Yet Despite the Positive Outlook and How People Are Buying Gold in Ireland (GoldCore on RTE) From RTE: Gold has hit a record high, surging over $2,000 dollars an ounce for the first time in history, as increasing numbers of nervous investors seek a safe place to put their money. Many investors avoid gold because it does not pay dividends or earn interest but its price tends to rise in troubled […] READ MORE

Gold, Silver Jump After Swings Amid Weak Dollar and Economic Woe (Bloomberg) Spot gold headed for back-to-back gains as investors weighed the outlook for the metal’s record-setting rally after this week’s dramatic price swings. Silver climbed the most in more than five years. Rising U.S. bond yields helped spark a sharp selloff in gold and silver Tuesday and early Wednesday, followed by a rebound. Both metals […] READ MORE

Mark O’Byrne and David Morgan Interview: Failing Fiat Currencies! Gold and Silver Lining It was the biblical economist Norm Franz who said “Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.” We are living through one of the greatest monetary experiments in modern history where monetizing debt is enslaving millions. But […] READ MORE

Perfect Storm for Precious Metals Leads to Price Correction Gold fell by nearly 6% yesterday and silver by a whopping 15%, the largest one day loss in over 7 years. The futures market saw massive volumes of selling with over 1.6 bn ounces of silver contracts sold yesterday. That’s a value of over $40 billion. But what’s behind this massive move and is the […] READ MORE

Value of gold stored by Irish metals broker GoldCore surges past €100m The value of gold coins and bars stored for clients by Irish precious metals broker GoldCore has surged 68pc so far this year to more than €100m. Gold prices last week topped the $2,000-per-ounce level for the first time as investors seek havens from the pandemic. “We are seeing demand on a scale which has […] READ MORE

Silver $50/oz and Gold $4,000/oz Forecasts; Wholesale Premiums on Silver Bars (1,000 oz) Surge 50% ◆ Own silver bars (1,000 oz) in institutional grade gold and silver vaults in Zurich at premiums as low as 4%. We cannot source smaller silver bars including kilo bars. Own Silver Britannias (1 oz) loco Zurich at 35% and for insured delivery in UK and EU at 50%. Open an account here. NEWS and […] READ MORE

Silver Surges Another 4% Over $28.20/oz as Short Squeeze May Push To $50/oz ◆ Own silver bars (1,000 oz) in institutional grade gold and silver vaults in Zurich. Premiums as low as 3.5% for orders over $1 million. Open an account here. NEWS and COMMENTARY Gold holds near record high as dollar dips, growth outlook dims (Reuters) Gold keeps its shine as investors shun dollar (FT) ETF joins […] READ MORE

Gold Price Surges Over $2,000/oz For The First Time In History ◆ Gold surged past the important $2,000/oz level to a new record high today due to concerns about the outlook for stocks, bonds and other assets in an increasingly vulnerable U.S. and global economy. ◆ Gold has surged to new record highs in all major currencies today including new record highs in British pounds at […] READ MORE

Gold Consolidates Near New All Time Record Highs Of $1,988.40/oz NEWS and COMMENTARY Gold Falls From Record as U.S., Europe Stocks Rise, Dollar Gains 102 tonnes of gold changing hands on CME’s biggest ever delivery day Gold ETF’s Grow Holdings by 25.3 Million ounces in 2020, 27 Straight Days of inflows Gold steadies near record high as virus concerns persist Fed Headed for a Clash […] READ MORE

Short Term Weakness Likely Prior To A “Massive Short Squeeze Propels” Gold and Silver “To Much Higher Levels” – GoldCore From MarketWatch: Gold prices ended lower Thursday, with bullion retreating from a record rally that had seen the precious metal notch nine consecutive days of gains. The precious metal found support Wednesday following the Federal Reserve signaling it planned to keep the low interest rate environment in place for the foreseeable future as the U.S. […] READ MORE

COVID Pandemic Will Support Gold In Long Term as Highlights Strong Fundamental Reasons To Invest In Gold Gold Hits Record High: Sprint Or Marathon? (Investment Update from the World Gold Council – 30 July, 2020) COVID-19 pandemic may bring structural shifts to asset allocation and there are strong fundamental reasons supporting gold investment longer term. Gold has been on a generally positive trend for the past few years and the onset of […] READ MORE

Gold Price Could Reach $2,800 to $3,500 in Two Years – Analysts NEWS and COMMENTARY Dollar sinks to two-year low as gold rises on concern over US virus toll – FT Gold prices could hit $3,500 in two years, analyst says – CNBC Gold Loses Momentum After Touching Record as Silver Whipsaws – Bloomberg via YF Gold beats a retreat from record peak as dollar bounces – […] READ MORE

Gold Surges To All Time Record High Over $1,940/oz ◆ Gold prices have surged through the all time record nominal high of $1,915/oz in 2011 to over $1,942/oz today due to concerns about the outlook for stocks, bonds and other assets amid a very vulnerable U.S. and global economy. ◆ Gold has surged to new record highs in all major currencies today including new […] READ MORE

Gold futures end a stone’s throw away from a record From Marketwatch Gold futures ended higher for a fifth straight session Thursday, with the most-active contract just short of notching a settlement record, highlighting feverish demand for bullion amid the worst pandemic in over a century. If gold gets to its 2011 record high, “who is to say it can’t go to $2,000 next?” wrote […] READ MORE

Silver Breaks Out! The price of an ounce of silver broke through the resistance level at $21 and continued to rise to $22.75, a level not seen since 2013! Over the last few weeks investors have been taking advantage of any pullback in the price of silver to add to their positions, which has continued to underpin this […] READ MORE

Gold’s Role As A Store Of Value Over Centuries – Mark O’Byrne Delighted to have been asked to speak on the Market Musings Podcast recently. Just click on the play button below to listen. “Market Musings welcome the founder and research director Mark O’Byrne from GoldCore. When it come to gold and silver Mark is your man. He explains how gold has a tried and tested performance […] READ MORE

Gold Protects from Financial Crisis and Crashes Throughout History – Lucey and O’Connor This is an interesting interview between Professor Brian Lucey and Dr. Fergal O’Connor, lecturer in finance and economics at University College Cork (UCC) on gold’s performance as a safe haven asset in the last 200 hundred years and in recent history including the 2008-2012 global financial crisis. The pandemic is one moment in history and Brian […] READ MORE

‘Death Cross’ Strikes U.S. Dollar As Virus Cases Grow (Reuters) A resurgent coronavirus pandemic in the United States and the prospect of improving growth abroad are souring some investors on the dollar, threatening a years-long rally in the currency. The dollar index is off 6% from its recent highs, while net bets against the currency in futures markets stand near their highest level since […] READ MORE

Silver Offers a Golden Opportunity to Preserve Soon to Be Destroyed Value The fundamentals for silver and gold are very strong, and with all the massive bailouts and stimulus, which have increased debt levels, they are just getting stronger.Until a significant portion of these debts is repaid or defaulted on, it would be foolish to talk about a top in precious metals. The repayment of debt (or […] READ MORE

Gold Tops $1,800/oz To Highest Level Since September 2011; Up Nearly 20% in 2020 ◆ Spot gold has risen to above $1,802/oz today for the first time since September 2011, taking year to date 2020 gains to 20%. ◆ Gold has been eking out gains since mid-March as gold buyers diversify into the safe haven asset to hedge the risk that the looming global recession will have on risk […] READ MORE

Silver and Platinum Bar Deliveries Surge As Banks Take Delivery ◆ Physical Demand Supply Imbalance Spreading from Gold to Silver and Platinum and Prices To Gain ◆ ‘Chaos’ in gold markets ripples to silver and platinum markets ◆ Silver, platinum exchange physical bar deliveries surge as banks reposition ◆ Falling open interest signals increase of metal on CME exchanges as turmoil causes inventories to jump […] READ MORE

Gold Will “Trend Toward $10,000 Per Ounce Or Higher” Over The Next Four Years ◆ Central Banks Are “Gold’s Greatest Ally” and They Will Push Gold Prices Much Higher You’re likely aware of the price action in gold lately. Gold has rallied from $1,591 per ounce on April 1 to $1,782 per ounce as of today. That’s a 12% gain in less than three months. My earlier forecast was […] READ MORE

Gold Outperforms All Assets In 2020 YTD as Enters Seasonal Sweet Spot of July, August and September ◆ Gold is the top performing asset in the world in the first half of 2020, outperforming all stock markets including the S&P 500 and the Nasdaq and outperforming “safe haven” U.S. government bonds (see table above). Gold had an 18% gain in dollars in the first half of 2020 as risk assets, especially stock […] READ MORE

Gold Heads for 17% Gain In First Half 2020 and Biggest Quarterly Gain Since 2016 ◆ Gold bullion appears set for the biggest quarterly advance since 2016 amid a surge in demand for gold bullion and other safe haven assets due to the ongoing coronavirus outbreak and economic lockdowns, which show little signs of abating. Gold bullion has gradually eked out a 17% gain in dollars so far in 2020 […] READ MORE

Gold Gains as Financial Concerns See Safe Haven Diversification ◆ Gold rose 1% last week and had its second week of gains which is positive from a technical and a momentum perspective. Spot gold was flat in late morning trading in Europe at $1,770.30 per ounce which is just $10 shy of a near eight year high of $1,779.06, hit last week. NEWS and […] READ MORE

Gold Breaks Out in Dollars to Highest Level Since October 2012, Should See Buyers Come in ◆ Gold rose to a high of €1,779.10 during trading yesterday, the highest levels seen since October 2012. As we move towards the end of June gold prices have continued to rise to levels not seen since 2012. The yellow metal continues to flirt with $1,800 and while that level is primarily a psychologically nice […] READ MORE

World’s Ultra Wealthy Urged By Financial Advisers and Largest Banks to “Hold More Gold” ◆ World’s wealthy are being urged by their financial advisers to hold more gold as they question the strength of the stock market rally and are concerned about the long-term impact of global central banks’ cash splurge. ZURICH /LONDON (via Reuters) – As stock markets roar back from the coronavirus led rout, advisers to the […] READ MORE

Outlook For Property, Bitcoin, Cryptos and Gold in the Zombie Economy (Part II) ◆ Zombie Currencies Cometh! Goldnomics Podcast (Part II) ◆ Opportunities and risks for investments in a world of “infinite currency” are looked at. ◆ Outlook for property (residential and commercial), bitcoin and cryptos and gold bullion (versus gold exchange traded funds or ETFs) is looked at by GoldCore’s Mark O’Byrne (Research Director), Stephen Flood (CEO) […] READ MORE

HOW TO PROTECT YOUR ASSETS FROM THE ZOMBIE ECONOMY AND CURRENCIES – GOLDNOMICS PODCAST (EP. 15) ◆ What is the outlook for markets, investments, savings and assets in a world of “infinite currency”? ◆ The opportunity and risks are considered in Episode 15 of the Goldnomics Podcast by GoldCore’s Mark O’Byrne (Research Director), Stephen Flood (CEO) and Dave Russell (Director). ◆ In Part I, we look at the outlook for digital […] READ MORE

Gold Bars Worth Nearly $200,000 Left On A Train In Switzerland ◆ The owner or transporter of the gold bars could not be established despite ‘extensive investigations’ by the police in Switzerland. (via CNN) — Swiss police are looking for a forgetful individual who left something rather important on a train — a package full of gold bars, worth more than $190,000. The parcel containing the […] READ MORE

Why Gold and Silver? Why $3,000/oz and $50/oz and Why the Physical Assets Rather Than Gold and Silver ETFs Smart Money interviews the Research Director of GoldCore, Mark O’Byrne, in the first Smart Money Series Online Live Conference. The presentation including slides begins at 1 hour 12 min and 42 seconds. ◆ Why do people buy gold and what are it’s benefits to investors and pension owners? ◆ Why do Bank of America believe […] READ MORE

WESTERN DIGITAL GOLD MARKET IS BREAKING UP AS CHINA and ASIA ASSUME DOMINANCE ◆ Physical Gold Market Is Globalising As People and Institutions Globally but Particularly in Turkey, the Middle East, South East Asia, India, China Assume Dominance Over Banks in New York and London ◆ The London and New York fractional, unallocated bank gold trading and digital gold market is breaking up ◆ “This wasn’t peak fear. […] READ MORE

Gold Gains 3.3% In Week as Stocks Fall; S&P Fell 6% Yesterday and Is Down 4.5% In Week Gold is 3.3% higher this week and acting as a hedge and safe haven again as stock markets globally see sharp selling pressure due to concerns about the appalling global economic outlook. Gold has performed well despite the rout in stocks this week. U.S. stocks including the S&P 500 are down sharply with the S&P […] READ MORE

“We Need Gold” To Protect Us From Inflation As Central Banks Bail Out Indebted Zombie Banks, Corporations and Governments Editors Note: Astute people of the left and right, liberals and conservatives and of no political persuasion at all, have recognised gold’s importance as a way to protect people from political and economic stupidity and corruption. Alas, there is plenty of that today and people need to protect themselves, their families and their companies by […] READ MORE

A Dollar Crash Is Coming by Stephen Roach via Bloomberg Opinion﻿ ◆The world is having serious doubts about the once widely accepted presumption of American exceptionalism. The era of the U.S. dollar’s “exorbitant privilege” as the world’s primary reserve currency is coming to an end. In the 1960s French Finance Minister Valery Giscard d’Estaing coined that phrase largely out of […] READ MORE

Why Gold Is Safe Haven Money And Will Go Over $3,000/oz – Jim Rickards ◆ WHY GOLD? That’s a question I’m asked frequently. It’s usually followed by a comment along the lines of, “I don’t get it. It’s just a shiny rock. People dig it out of the ground and then put it back in the ground. What’s the point?” I usually begin my reply by saying, “It’s not […] READ MORE

7 Charts Show Exactly Why You Must “Own Gold” Today ◆ Covid-19 is accelerating many trends that were already in existence. The rising gold price is one such trend. These seven charts, says Dominic Frisby, reveal why gold could soon “go bananas” writing in Money Week It’s all about gold today, folks. This is the week that Incrementum AG puts out its annual research note, […] READ MORE

Global Silver Investment Demand To Surge While Supply Weak (World Silver Survey 2020) ◆ WORLD SILVER SURVEY 2020 from the SILVER INSTITUTE GLOBAL SILVER DEMAND EDGED HIGHER IN 2019, WITH INVESTMENT DEMAND UP 12%, WHILE SILVER MINE SUPPLY FELL FOR THE FOURTH CONSECUTIVE YEAR Global silver demand was pushed higher in 2019, with a 12 percent increase in investment demand as retail and institutional investors focused their attention […] READ MORE

Gold Market Supply Chain Shows Strong Resilience Amid Disruption The gold supply chain is truly global. Gold is mined on every continent except Antarctica, refined into bars and coins in numerous countries, and distributed far and wide. This geographical dispersion not only brings stability to the gold market, it is also necessary to satisfy demand. But the onset and scale of the COVID-19 pandemic […] READ MORE

China May Have Over 10,000 Tons of Gold and The U.S. Has Less Than 8,100 Tons ◆ SILVER SHOULD BE 10x HIGHER & WARREN BUFFETT IS “TALKING HIS BOOK” ON GOLD” Tom of Palisade Radio welcomes Mark O’Byrne, Research Director and founder of GoldCore, back to the show. GoldCore is Ireland’s leading gold bullion broker and storage specialist (est. 2003). Mark discusses the overall world economy and how it will only […] READ MORE

Pandemic, Economic Shutdowns, Debt Crisis and Gold At $5,000/oz ◆ GoldCore are delighted to publish the 14th edition of the annual “In Gold We Trust” report, “The Dawning of a Golden Decade” by by our friends Ronald-Peter Stoeferle & Mark J. Valek of Incrementum AG. Gold prices should rise to over $5,000/oz and may rise as high as $9,000/oz in the coming decade and […] READ MORE

Is Your Pension ‘Good as Gold’? Published on Independent Trustee Company (27/05/2020) ◆ With the current level of uncertainty in world markets we have received numerous requests for information on how self directed pension schemes (pre and post retirement) can hold gold and silver. It is accepted that if gold bullion is held via a gold certificates ( Perth Mint Certificates […] READ MORE

Gold Lower Despite Massive Risks as Tensions with China Grow and OECD Countries Economic Growth Collapses ◆ Gold and silver prices are marginally lower after seeing gains overnight in Asian trading. An escalation of hostilities between the US and China had initially seen investors seek refuge in the safe haven prior to profit taking set in as stocks globally rose as economic lockdowns began to ease. NEWS and COMMENTARY Gold eases […] READ MORE

Central Banks Were Diversifying Into Gold Bullion Prior to the Global Lockdown – Here Is Why ◆ The global economy was flashing danger signs long before the pandemic… ◆ For one thing, many countries were clamouring to get hold of as much gold as possible. ◆ For the past decade they have been buying new reserves and bringing it home from overseas storage to an extent never seen in modern times. […] READ MORE

Gold Is The Best Performing Asset In 2020 YTD: +15% in USD, +18% in EUR and +23% in GBP ◆ Gold is 15% higher in dollars, 18% higher in euros and 23% higher in sterling year to date as safe haven demand sees gold act as a hedge again. ◆ Silver has under-performed gold in the short and medium term and is only 1% higher year to date in dollars, 4% in euros and […] READ MORE

Gold Surges To New Record Highs in Euros and Pounds and to $1,765/oz, the Highest Level In Dollars Since 2012 ◆ Gold has surged to new record highs in most currencies today including new record highs in British pounds at £1,458/oz and in euros at €1,632/oz ◆ Gold has risen to $1,765/oz in dollars which is a 1.3% gain, it’s fourth day of gains and a new 8 year high in dollars as U.S. Chinese […] READ MORE

Gold Hits New Record Highs On Currency Debasement, Brexit and U.S. China Risks ◆ Gold has surged to new record highs in British pounds at £1,422/oz, is touching near record highs in euros at €1,607/oz and is 1.8% higher this week in dollars to $1,738/oz, near a new 8 year high. ◆ Gold’s gains on all currencies are due to concerns about the outlook for global economies and […] READ MORE

Irish House Prices To Fall 12% to 20% This Year and Will Fall Until “Signs of an Economic Turnaround Emerge” ◆Home price decline will be poorest performance in the market since 2012 via Irish Times KBC Group sees house prices in the Republic falling by 12 per cent this year, as the economy deals with the coronavirus crisis, the Belgian banking giant signalled on Thursday. The figure is described as a “base case” in an […] READ MORE

Gold Remains the ‘Canary in the Coal Mine’ and Is Again Warning of Currency Crisis ◆ “There Is Manipulation In The Gold Futures Market” – Watch Video Update ◆ “There is always going to be those who have a vested interest in it not going past the all time high for as long as they can attempt to manage that” ◆ “It is all about maintaining faith in the dollar […] READ MORE

Pandemic, Lockdowns, Fake and Manipulated Markets – Gold and Silver Outlook ◆ The massive global debt driven “Everything Bubble” is bursting due to the pandemic and more specifically the governments draconian economic lockdowns ◆ A dollar crisis is inevitable with U.S. government debt surging by some $2 trillion in a matter of weeks and ballooning to over $25 trillion ◆ Wall Street has just been bailed […] READ MORE

31 Gold and Silver Charts – Demand Will Soar and Gold Will Surge Once It Surpasses $1,900/oz NEWS and COMMENTARY 31 Gold and Silver Charts – Demand Will Soar and Gold Will Surge Once It Surpasses $1,900/oz (GoldChartsRUs) “This event coming into play just prior to taking out all time highs at $1900 after which one could expect the prices to accelerate & demand soar.” Coronavirus Sickens Almost 90 at Biggest Russian […] READ MORE

Gold Gains On Economic Fears; IMF, Dalio and Goldman Warn; “Biblical” Wave Of Bankruptcies To Hit US NEWS and COMMENTARYGold rises on global growth fear; firm dollar caps gains Gold gains ground as investors brush off equity strength “Biblical” Wave Of Bankruptcies Is About To Flood The US ECB Insists It Must Go Beyond Normal Tools, IMF Says Buckle Up Ray Dalio Sees Monopoly Money as Easiest Way Out of […] READ MORE

Silver To Go Over $150/oz In Massive Short Squeeze Research Director of GoldCore, Mark O’Byrne discusses the safest way to invest in precious metals, the outlook for the precious metals markets, what lead him to start a bullion brokerage and storage company and why silver could rise by 10 times in the coming years. He outlines the differences between bail-outs and bail-ins and why […] READ MORE

Will gold really hit $3,000 an ounce in the next 18 months? By John Stepek Moneyweek Gold is set to hit $3,000 an ounce in the next 18 months. That’s about 50% more than its all-time high, set back in 2011. (It’s at about $1,700 an ounce just now). You might be tempted to dismiss this as yet another hopeful-yet-hallucinatory outburst from the bulletin boards of one […] READ MORE

Gold Surges 8.5% in April as Central Banks Create Infinite Amounts of Currency For Bail-outs and Government Spending NEWS and COMMENTARY Gold Soars 8.5% and Silver 12% in April as Top Central Banks Fight Pandemic’s DamageSilver’s Bull Market Is Only Getting Running Clash of tech titans: Zuckerberg praises coronavirus lockdowns; Musk sees ‘fascism’ Venezuela asks Bank of England to sell its gold to U.N. for coronavirus relief – “sources” Stocks rally on treatment […] READ MORE

Trump Threatens China Seeking $160 Billion In “COVID-19 Reparations”; China Gold Exchange Calls For New Super Sovereign Currency NEWS and COMMENTARY Gold ticks up as dollar weakens; Fed decision eyed Trump says “COVID-19 reparations” coming, “US will bill China at least $160 billion” China Gold Exchange President Calls For Super Sovereign Currency Post-Crisis China starts major trial of state-run digital currency Fed likely to renew vow to use “all tools” to “brace” economy […] READ MORE

Gold Surges To New All Time Record Highs in Euros, Pounds and Most Currencies ◆ Gold prices surged to new all time record highs in euros and pounds at 1,614/oz and £1,406/oz respectively on Friday due to concerns about the outlook for both the UK and EU economies and concerns about the outlook for both sterling and the single currency in an era of unprecedented economic and monetary risk. […] READ MORE

Gold Will Reach $3,000/oz: “Fed Can’t Print Gold” and Is “Ultimate Store Of Value” – Bank of America NEWS and COMMENTARY Gold to Reach $3,000—50% Above Its Record, Bank of America Says “Fed Can’t Print Gold”: BofA Calls Gold “Ultimate Store Of Value”, Raises Price Target To $3,000London, Gold Hub for Centuries, Eyes Delivery ‘Around the World’Billionaire Ray Dalio says coronavirus marks the start of a technology driven ‘Brave New World’ Central Banks […] READ MORE

Gold Marginally Lower Despite Oil Collapse; Stocks Fall Sharply NEWS and COMMENTARY Swiss Gold Exports to U.S. Jump to at Least Eight-Year High: 43.2 tons in March Gold pares losses as oil rout hammers risk appetite Price on June US crude futures tumble 30%; May contract falls further into negative territory European shares tumble on oil crash, dour earnings Oil crash hits stocks, dollar […] READ MORE

U.S. Mint Halts Gold and Silver Coin Production; Supply Shortages Deepen and Premiums High NEWS and COMMENTARY U.S. Mint Plant Halts Gold Coin Output Just as Demand Is Surging (see chart below) Gold on track for 2nd weekly gain on global recession fears Virus threatens to hit economy harder than war and flu in 1918 A double recession? Economies risk debt crises after stimulus spending Gold Still Shines 50 […] READ MORE

Safe Haven Gold To Protect As ‘Great Lockdown’ To Create Great Depression NEWS and COMMENTARY Gold slips as investors lock in profits, recession fears cap losses Gold’s Powerful Rally Brings $1,800 Into View Gold rallies to over 7-year high as virus sparks depression fears Goldman says downturn will be four times worse than the financial crisis Asia shares take a breather, China cuts medium-term rates Oil in […] READ MORE

Gold Surges To New Record Highs in Euros at €1,581/oz and $1,726/oz in Dollars ◆ Gold prices surged to new all time record highs in euros and other digital fiat currencies today due to concerns about the outlook for risk assets and currencies in an era of unprecedented economic and monetary risk. ◆ Gold prices rose to a more than seven-year high in dollars today at $1,726/oz (see chart […] READ MORE

Will COVID19 Push Gold to 5,000? ◆ Yes is the short answer. ◆ Given the scale of the crisis, gold at $5,000 could happen sooner than most expect and it is only a matter of time (see table below). ◆ It is not the Covid-19 panic that will push prices higher. An economic, financial and monetary crisis was inevitable anyway. The […] READ MORE

Gold Futures Show Signs of Dislocation Again Due to Gold Bar Shortage in New York Gold prices that usually move in lockstep are diverging again, reviving fears of impending turmoil just a couple of weeks after the last bout of panic. An ounce of bullion sold in New York was as much as $50 more expensive than in London Tuesday, compared with just a few dollars in normal times. The price spread […] READ MORE

“We Are In A Long-Term Bull Market for Gold and Silver” – O’Byrne on IG TV Mark O’Byrne, research director at GoldCore.com told IG TV that markets are likely in a long-term bull market for gold and silver and a bear market for equities as the pandemic weighs on the global economy and creates a recession or an economic depression. Gold has made significant gains this year, with investors flocking to […] READ MORE

Gold Gains 3% To $1,672 and Silver Surges 5% To $15.40; Goldman Warns Of $3 Trillion Explosion In U.S. Debt ◆ Gold surged 2.9% and silver by 5% yesterday, with futures leading the way higher with gold reaching it’s highest price in more than seven years ◆ Investors are diversifying into safe haven gold to hedge themselves from the coming destruction of balance sheets, trillions and trillions of fiscal and monetary stimulus and a likely […] READ MORE

Gold Bullion Coin and Bar Shortages Continue and Deepen Editors Note: The shortage of gold bullion coins and bars continues and appears to be deepening. It is not just smaller one ounce bullion coins and bars that are sold out and increasingly unavailable but also larger gold and silver bars including gold kilo bars (32.15 ozs) worth and 1,000 oz silver bars. Refineries, government […] READ MORE

Gold and Silver Coin and Bar Premiums – What Is Happening? ◆ GoldCore Live Video Update: Gold and Silver Coin and Bar Premiums – What Is Happening? ◆ Premiums are higher on gold and silver coins and bars, both when you buy and when you sell, and may stay higher in the “new normal.” ◆ Bullion coin and bar premiums are not commissions and brokers only […] READ MORE

ECONOMICS TURNED ON ITS HEAD! GOLDCORE VIDEO UPDATE ◆ “Epic” gold shortages, government and bank risk and corruption and U.S. unemployment and stocks both surge … ◆ Stephen Flood, David Russell & myself just recorded our first ever Live Video Gold Market Update on YouTube ◆ GoldCore remains open for business and when they become available we are buying coins and bars from our […] READ MORE

Gold Bar Shortage Deepens: Credit Suisse Tell Clients “Do Not Bother Asking” ◆ Gold bar shortage globally prompts preppers, bankers and high net worth investors alike to try and acquire large gold bars but mints, refiners, banks and dealers globally are sold out. ◆ As the coronavirus pandemic takes hold, retail and institutional investors and banks are encountering severe shortages of gold bars and coins according to […] READ MORE

Gold Gains 8% and Silver 18% In Week As Fed Balance Sheet Tops $5 Trillion ◆ Gold and silver coin and bar shortages continue globally due to massive demand and a breakdown in supply (see News this week). NEWS and COMMENTARY Gold eases on profit-taking, but poised for 8.5% gain in week; best week in 11 years The Gold Market Is Being Tested Like Never Before South African Gold Shipments […] READ MORE

Gold Coin and Bar Shortage Deepens and Premiums Surge ◆ Gold and silver coin and bar shortages have deepened globally due to massive demand and a breakdown in supply (see News below).◆ GoldCore remains open for business and we are buying coins and bars from clients and we are continuing to buy and sell gold and silver certificates. We are buying coins and bars […] READ MORE

Gold Surges 6% On Large Bar Shortage, Massive Demand and Unlimited Currency Creation ◆ GoldCore remains open for business. Stocks of coins and bars have been depleted globally due to massive demand. We are buying coins and bars from clients and we are continuing to buy and sell gold and silver certificates. We are selling coins and bars when we receive stock from clients or directly from our […] READ MORE

Global Supply of Gold and Silver Coins and Bars Evaporated In Safe Haven Rush ◆ GoldCore remain open for business unlike many dealers, mints and refineries (see News below) and we continue to buy bullion coins and bars and sell gold bars (1 kilo). The supply situation changes hour to hour. ◆ We, like the entire industry have experienced record demand in recent days and the global supply of […] READ MORE

ECB Creates EUR 750 Billion To Buy ‘Safe Haven’ Bonds; Pound Falls To Near Record Low in Gold ◆ “There are no limits to our commitment to the euro,” ECB President Christine Lagarde pronounced as the ECB began to create an additional EUR 750 billion in order to buy government and corporate debt in an emergency move overnight. ◆ Gold prices in euros are marginally higher at €1,369/oz and in British pounds gold […] READ MORE

Gold and Silver Prices Fall Despite Bullion Shortages and Rising Premiums ◆ Gold and particularly silver prices have fallen sharply in recent days due to massive concerted selling in the futures market which is being attributed to margin call selling. ◆ Gold and silver prices are down by 4.5% and 24% respectively in March despite unprecedented demand for gold and silver bullion globally which is leading […] READ MORE

Important Notice Regarding Our Services At This Time Of Unprecedented Demand GoldCore remain open for business and we like most mints, refineries and dealers continue to experience record demand. In light of the unprecedented demand for precious metals and significant disruptions to logistical networks as borders and nations are closed in national lock-downs, we have taken the following decisions and actions: ◆ All new order deliveries […] READ MORE

Don’t Panic – Prepare ◆ Markets have collapsed around the world as we predicted as the ‘Giant Ponzi Everything Bubble’ meets the massive pin that is the coronavirus’ impact on already vulnerable indebted economies. ◆ Stocks have crashed and bond markets and banks may be next … “bank holidays”, bail-ins and currency resets are likely ◆ The virus is […] READ MORE

Gold Gains 3% Before Being Pushed Lower Despite Fed Slashing to 0% and QE of $700 Billion Coming ◆ Gold jumped 3% before falling sharply after the US Federal Reserve cut its benchmark interest rate by a full percentage point to near zero and announced they would again engage in QE and massive bond buying worth $700 billion. ◆ Gold was pushed sharply lower and was 5% lower at one stage prior to […] READ MORE

Gold Hedging Stock Market Crash: S&P500 Collapses 10% In One Day ◆ Stock markets around the world are collapsing today as the financial and economic implications of the impact of the pandemic on already massively indebted companies and governments is realised. ◆ Investors are liquidating en masse risk assets from equities to industrial commodities, while gold has held its ground. ◆ The FTSE 100 is down […] READ MORE

Gold Gains As Bank of England Slashes to Emergency Rate of 0.25% and ECB Warns Of 2008 Style “Great Financial Crisis” ◆ Gold prices rose by 0.6% today as the Bank of England slashed rates in an emergency move to 0.25% and the ECB looks set to follow as it warned of a 2008 style crisis overnight. ◆ The Bank of England slashed its main interest rate to 0.25 percent this morning in a emergency move […] READ MORE

Pandemic Pandemonium May Be “More Destructive” Than The 2008 Lehman Financial and Economic Collapse ◆ “Coronavirus may be more destructive than the Lehman crisis” and “recession is imminent” warns Ambrose Evans-Pritchard in the Telegraph ◆ The outbreak has triggered a collision of unstable debt and the oil price crash is combining with a worrying level of corporate debt that is frightening Wall Street ◆ The coronavirus has set off […] READ MORE

Gold Tests $1,700/oz Again Taking YTD Gains to 10% As Global Stocks Plunge ◆ Gold reached new multi year highs today, reaching its highest since December 2012 at $1,702.56 per ounce prior to profit taking in gold futures saw gold fall back to $1,670/oz. ◆ Gold prices rose above the $1,700 per ounce level for the first time in more than seven years, as stock market routs continued […] READ MORE

Gold Surges 7.5% In Week As Coronavirus Impacts Companies, Markets and Economies ◆ Gold has surged 7.5% this week to $1,690/oz and is set for its biggest weekly gain since October 2011. It has reached a new seven year high today as fears mount over the negative effect of the coronavirus on companies, economies, markets and currencies. ◆ Gold is the top performing asset this week (see […] READ MORE

Silver Prices To Gain Due To Expanded Industrial Demand and Investment Demand for ETFs, Coins and Large Bars Macroeconomic and geopolitical conditions will remain broadly supportive for precious metals, encouraging investors to remain buyers of silver, a development that should lift silver prices higher this year, according to officials of the Silver Institute.The Institute provides the following insights on 2020 silver market trends. Silver Demand The Silver Institute foresees a 3 percent increase […] READ MORE

Gold Surges 3% After U.S. Fed’s First Emergency Rate Cut Since 2008 ◆ Gold surged 3% yesterday and has consolidated on those gains today; it was gold’s largest daily gain since June 2016 as the Fed delivered a surprise emergency rate cut, the first since the 2008 crisis ◆ Gold has gained over 8.2% in dollars and by more in other currencies so far in 2020 and […] READ MORE

Global Economic Growth To Half Due To Coronavirus; Ultra Loose Monetary and Fiscal Policies To Devalue Currencies ◆ The coronavirus may plunge the global economy into the worst downturn and crisis since 2009, the OECD has warned as the virus is now present on every continent except Antarctic. ◆ As the epidemic continues to expand rapidly worldwide, topping 90,000 cases and 3,000 deaths, the OECD has urged coronavirus affected countries to take […] READ MORE

Why Gold Prices Fell and Why Gold Is “Going Much, Much Higher” Jim Rickards via The Daily Reckoning The coronavirus continues to take its toll on the stock market. For investors accustomed to “buying the dip,” this is quite a change. As noted macroeconomic analyst Mohamed El-Erian said earlier today: I understand the inclination to buy on the dip. I understand that the path of least resistance […] READ MORE

Three Charts and History Show Gold May Only Be Getting Started ◆ If history, data and charts are anything to go by, even with gold at seven-year highs, there’s still room for more gains ◆ Holdings in gold ETFs remain very low versus total assets ◆ Gold is a ‘resilient ballast’ in recessions and in recessions gold gains 11.5% and stocks fall 34.1% on average (see […] READ MORE

Goldman: 3 Key Reasons Why We Are Bullish On Gold On “Bloomberg Commodities Edge”, Bloomberg’s Alix Steel and Naureen Malik talk with Jeff Currie, global head of commodities research at Goldman Sachs. They discuss Goldman’s bullish stance on gold. Gold is gaining on mounting speculation China and other central banks will unleash stimulus to counter the economic pain from the coronavirus outbreak, boosting liquidity in […] READ MORE

‘Oracle’ Buffett, Africa and Martians: “Is Gold Worth Anything At All?” Newstalk interviewed Mark O’Byrne, Research Director at GoldCore about gold’s value and utility and why it has had a value throughout history and it’s continuing value today as a hedge and a safe haven monetary asset. Warren Buffett’s simplistically negative comments regarding gold are “wrong on so many levels” according to Mark O’Byrne of GoldCore. […] READ MORE

Gold Buying Surge Seen By GoldCore Due To Deepening Economic Concerns – Irish Times Gold prices surge as coronavirus fears impact on equities. Gold rose more than 2.5% to a seven-year high on Monday of $1,688 per ounce. (Irish Times) Irish gold brokers GoldCore said on Monday that it had witnessed a massive spike in transactions on foot of the jump in coronavirus cases outside China. Fears of a […] READ MORE

Gold At $2,000/oz Likely This Year Due To Strong Coin and Bar, ETF and Central Bank Demand IGTV interviewed Mark O’Byrne, Research Director at GoldCore about the outlook for gold and silver bullion. He is bullish on both precious metals in the medium and long term. The fundamentals are very strong with strong central bank demand and ETF gold holdings reaching an all time record high due to deepening political and economic […] READ MORE

Gold Surges to New Record Highs In Euros, Yen, Canadian, Australian and New Zealand Dollars ◆ Gold has surged to new record highs in euros, yen, Canadian, Australian and New Zealand dollars and most emerging market currencies. ◆ Gold has built on recent gains and reached seven year highs in dollars at $1,636/oz and reached new record highs in euros today at €1,515.80/oz. ◆ Safe haven gold has surged to […] READ MORE

Gold Reaches New All Time Record Over €1,500/oz, Breaks Over $1,600/oz and Silver Surges To $18.44/oz ◆ Gold soared to new record highs in euros today at €1,500.11/oz and broke through the important $1,600 level to as high as $1,619.18 per ounce as traders and investors diversify out of more pandemic exposed risk assets to traditional safe havens ◆ Silver surged to $18.44/oz and is 4% higher this week, while palladium […] READ MORE

Silver Bullion To $50/oz and When to Sell Gold or Silver ◆ Silver bullion is set to outperform gold, other precious metals and the vastly over valued risk assets of stocks and bonds in the coming years ◆ The record nominal high of $50 in 1980 and in 2011 will almost certainly be seen in the next two years ◆ Never miss breaking precious metals news […] READ MORE

Trump, Saudi Arabia and the End of the Petrodollar ◆ The end of Saudi Arabia and the coming revolution in Islam according to Robert Fisk ◆ The end of Saudi Arabia means the end of the petrodollar which will likely lead to the dollar falling severely against gold resulting in severe inflation, nationalisation of retirement savings and other forms of wealth confiscation according to […] READ MORE

State Street: Gold ‘Definitely Works’ and is an ‘Inflation Hedge’, ‘Dollar Hedge’ in Era of Heightened Geopolitical Risk’ ◆ State Street’s senior multi-asset strategist, Benjamin Jones, discusses the importance of gold in asset allocation on “Bloomberg Daybreak: Europe” ◆ “Bitcoin or gold?” “I prefer gold. Bitcoin is interesting but would I suggest it to my clients … definitely no … but it might be a bit of fun to own on the side” […] READ MORE

Gold Surges To New All Time Record Highs In Euros At EUR 1,456 Per Ounce ◆ Gold prices surged to new all time record highs in euros today at €1,456 per ounce as the single currency came under selling pressure. ◆ The record highs are due to safe haven demand due to a weaker euro as the German and eurozone economies slow and on concerns about the impact of a […] READ MORE

Bank of England: Gold Is a Rare, Durable “Store Of Value” – BBC News ◆ In a rare look inside Bank of England’s gold bullion vault, the BBC is shown and reports that £194 billion worth of gold bars are stored there ◆ They hardly ever let anyone in to film, but the BBC’s Security Correspondent, Frank Gardner, is given access to the Bank of England’s gold vault to […] READ MORE

Gold Jewellery Demand In China To Fall On Virus; HNW and Institutional Gold Demand May Increase ◆ Sales of gold jewellery in China are set to plummet this year as the economic damage from the deadly coronavirus crisis widens ◆ People not “in mood” to shop for jewellery says China Gold Association ◆ Luk Fook shortens business hours at stores to curb infections ◆ Editors note: China’s gold jewellery demand will […] READ MORE

Gold Coins Worth £80,000 Found In Retiree’s Drawers In Cottage: “It Was Mind-Blowing. I Felt Like a Pirate in a Grotto” ◆ Gold coins including gold sovereigns found in drawers of deceased retiree’s cottage sell at auction for £80,000 ◆ British gold coins including gold sovereigns from the Royal Mint found in drawers and cupboards of cottage fetch £80,000; one British gold sovereign found in a sugar bowl ◆ Auctioneer John Rolfe expected little before he […] READ MORE

Gold Consolidates Near Six Year Record Highs At $1574/oz; WHO’s ‘Tip of the Iceberg’ Virus Warning via Bloomberg Gold climbed for a fourth day as investors weighed the unfolding coronavirus crisis, including a stark warning from the head of the World Health Organization about the potential for more cases beyond China and signs the disease is spreading in the key Asian trading hub of Singapore. Prices rose as the death toll […] READ MORE

“Smart Move” By Prudent Investors Is To Diversify Into Gold Investors Are Shifting Back Into Gold. It Looks Like a Smart Move by Randall W. Forsyth via Barron’s ◆ With no opportunity cost to holding a zero-yield asset such as gold, investors increasingly are adding it to their portfolios as a hedge. ◆ Gold retains its intrinsic value, something no paper currency has managed to […] READ MORE

Gold ETF Holdings Reach All Time Record Highs ◆ Total known gold holdings in exchange traded funds (gold ETFs) have reached a new record highs as investors diversify into gold ◆ Known gold holdings surge above previous high from 2012 after expanding for past four years and surging in 2019◆ Recent allocations to gold ETFs comes as investors weigh impact of a global […] READ MORE

“Gold Will Go To $2,500 Per Ounce” In The Next One to Three Years – Charles Nenner ◆ “Gold will go to $2,500 per ounce” renowned geopolitical and financial cycle expert Charles Nenner stands by his prediction of record gold prices. ◆ “Cycles show me that gold and silver will be going up for a couple of years. I take profits in a short term top, but … I am in for […] READ MORE

Gold Falls 0.6% After Having A Seven Year Weekly High Close and 4% Gain In January ◆ Gold prices fell 0.6% today after reaching a seven year weekly high close at $1587.90/oz on Friday, gold’s highest weekly price settlement since March 2013, a 4% gain in January and its second straight monthly climb. ◆ Chinese stocks crashed over 7.7% overnight as investors got a chance to react to the worsening coronavirus […] READ MORE

Gold Consolidates Near All Time Highs in Euros; Set For Weekly Gain and Monthly Gain Of 4% In USD ◆ Gold has rallied 0.4% to $1,581.70/oz today and is at £1,204.60/oz and €1,431/oz, very close to the all time record high in euros seen on January 8th ◆ Concerns about the coronavirus are leading to risk aversion which is impacting economically sensitive, risk assets in the form of stocks and benefiting safe haven gold […] READ MORE

Gold Gains As Investors Eye Economic Impact Of Coronavirus﻿ NEWS and COMMENTARY Gold gains as virus fuels economic worry Gold ends slightly higher as traders eye economic impact of coronavirusGlobal stocks tumble over China epidemic worries U.S. economy growing moderately in fourth quarter US will keep tariffs on China even if coronavirus starts hurting growth, Trump advisor Peter Navarro says How the coronavirus outbreak […] READ MORE

Silver Prices Likely To Go “Exponential” – Guggenheim Co-Founder ◆ Silver prices are likely to go “exponential again” according to Guggenheim Partners co-founder Scott Minerd, in an interview with Bloomberg at Davos (see silver chart and interview below) ◆ Silver is “the number one conviction trade in 2020” Minerd, who is also the Guggenheim Global Chief Investment Officer (CIO) told Bloomberg whose conviction trade […] READ MORE

Gold May Top $2,000 As “Prices Surge On Global Fear” by Paul R. La Monica via CNN Business Gold was one of the few investments heading higher Monday as worries about the coronavirus outbreak led to a steep market slide. Gold is now up more than 20% in the past year, and trading near $1,600 an ounce, its highest level since 2013. Other precious metals, […] READ MORE

Gold At Record Highs In Euros on Concerns regarding the Euro zone and Global Economy as Virus Spreads ◆ Gold has risen to new all time record highs in euros at €1,437/oz today due to safe haven demand due to concerns about the Euro zone and the global economy ◆ Gold is consolidating near all time record highs in sterling at £1,210/oz and at seven year highs in dollars at $1,590/oz ◆ Stocks […] READ MORE

“Cash Is Trash” In 2020, Hold Gold In a Diversified Portfolio – Dalio at Davos ◆ “Cash is trash” and investors should diversify and own gold as part of a diversified portfolio, world’s largest hedge fund manager told CNBC (see news below) at Davos ◆ For the second time in as many weeks, the world’s largest hedge fund, Bridgewater and its founder Dalio is encouraging investors to diversify into gold […] READ MORE

“All You Need To Do Is Own Gold and Silver” To Make Money In 2020 If you want to make money from investing, it’s simple: find a bull market and go long. And in 2020 gold and silver are in a bull market. by Dominic Frisby via the UK’s best-selling financial magazine Money Week I ran into Jim Mellon at a party at the weekend, and we soon got talking […] READ MORE

3 KEY THINGS YOU CAN DO TO PROTECT YOUR FINANCES IN THE 2020s [VIDEO] In this special podcast to celebrate GoldCore’s appointment as an Approved Distributor of The Royal Mint, the GoldCore team discuss the ‘3 Key Things to Protect Your Finances in the 2020s.’ What Are The 3 Key Things to Protect Your Finances in 2020? 1. Review your investments, savings and overall finances – your assets and […] READ MORE

GoldCore Appointed Approved Distributor for the Royal Mint – Special Video Podcast and Exclusive Offer To celebrate GoldCore’s appointment as an Approved Distributor of The Royal Mint we have put together a special podcast and an Exclusive Offer for our clients and community. Exclusive CGT Gold Offer – For UK Retail, Pension and HNW Investors ◆ We are offering newly minted 2020 Gold Britannias and Gold Sovereigns at incredibly reduced […] READ MORE

Gold Falls From Two Week High As Safe Haven Bid On Virus and IMF Global Growth Concerns Evaporates ◆ Gold prices rose to a two-week high today prior to giving up the initial gains; Spot gold prices reached their highest since January 8th at $1,568.40/oz prior to falling to $1,550.60/oz ◆ The spread of a new virus in China stoked fears of a wider epidemic in Asia, sparking a sudden bout of risk […] READ MORE

Palladium Surges 9% In Week and 50% In Year To Record At $2,500/oz ◆ Palladium hits new all time record high after surging 9% in a week for its biggest weekly gain since 2001 (see chart below) ◆ Palladium soared over 9% and 50% for the year to power above the key $2,500 an ounce level for the first time on Friday, boosted by a chronic shortage of […] READ MORE

World’s Largest Hedge Fund Sees Gold Rising 30% To $2,000 ◆ Bridgewater’s co-chief investment officer Greg Jensen told the Financial Times that gold prices could rally to $2,000 an ounce. ◆ The manager from the world’s biggest hedge fund cited increased income inequality in the U.S. and rising tensions with China and Iran as uncertainties that will prompt more safe-haven buying. ◆ Jensen also believes […] READ MORE

Why Do Prudent Indians Diversify Into Gold? ◆ Indians diversify into gold coins, bars and jewellery because it never fails them in an emergency ◆ Indians are simply very prudent and practical and believe in channeling some of their wealth and saving into physical gold ◆ “A woman’s gold is both her personal treasure and plays a functional role as the family’s […] READ MORE

World’s Most Precious Metal Surges Over 30% In 2 Weeks and 12 Fold In 4 Years On Supply Concerns ◆ Rhodium has surged 30% in January to the highest levels since 2008 and has risen more than 12 fold in less than four years from $575 per ounce to nearly $8,000 per ounce ◆ Rhodium is now 5 times more costly than safe haven gold and 440 times more expensive than the industrial and […] READ MORE

Demand For Gold Coins and Bars At The Perth Mint Surge To 3 Year High by Reuters via Nasdaq.com The Perth Mint’s gold product sales in December rose 45% from the previous month and to their highest in more than three years, the refiner said. Sales of gold coins and minted bars in December climbed to 78,912 ounces – their highest since October 2016, and surged about 170% from the […] READ MORE

Wealthy Investors Are Buying Gold Coins and Bars and Storing Them In Secure Bunkers CNN and Goldman Sachs via Russia Today The strategic case for owning gold remains strong, according to analysts at Goldman Sachs. They point to such factors as political uncertainty, recession fears and other worries among the global elite. Data from Goldman research showed that owning the physical metal seems to be the global elite’s preferred […] READ MORE

Here Is Why Gold Could Rise Above $7,000 An Ounce by Charlie Morris via Money Week (Part II) In Part I, I reiterated that gold is in a bull market, and I suggested that a bullish target for $7,166 is both logical and plausible. So how did I reach that conclusion? Allow me to talk you through it, step by step below. How inflation could […] READ MORE

Gold Steadies After Falls As U.S., Iran Stepping Back From the Brink ◆ Haven demand ebbs as stocks climb with easing Mideast tensions ◆ Palladium retreats from fresh record but holds near $2,100 ◆ There’s still very strong demand for gold “due to a host of financial, geopolitical and monetary risks,” said Mark O’Byrne, research director at GoldCore Full article on Bloomberg Gold Posts First Loss in […] READ MORE

Gold Reaches $1,610/oz Prior To Retreating As Iran Attacks U.S. Bases ◆ Gold surged to a seven year high at $1,610.90 overnight prior to retreating as markets experience volatility due to the risks of a U.S. retaliation after Iran’s attacks on U.S. bases in Iraq. ◆ The severe, but long expected, re-escalation of geopolitical tensions led to the gold price surging overnight as speculators go long […] READ MORE

Gold’s New Bull Market and Why Over $7,000 Per Ounce Is “Logical” (Part I) ◆ Gold could rise to more than $7,000 an ounce according to respected MoneyWeek contributor and fund manager Charlie Morris (Part I today and Part II tomorrow) A year ago, in my occasional free newsletter, Atlas Pulse, I upgraded gold – which was trading at $1,239 an ounce at that point – to “bull market” […] READ MORE

Gold Surges To Test $1,600/oz, Oil Over $70, Stocks Fall on Risks of World War In Middle East ◆ Gold has surged to test $1,600 per ounce, up 4% so far in 2020 and building on the stellar near 18.9% gain in 2019 ◆ Gold is testing it’s highest levels since 2013 as investors diversify into gold; Goldman, Citi and other gold analysts are advocating gold bullion as important hedge in crisis ◆ […] READ MORE

Happy Christmas from the GoldCore Team Happy Christmas and Wishing You All a Healthy & Prosperous 2020 Happy Christmas to you and yours.We hope you had a prosperous 2019. Thank you for your support during the year and in recent years. Christmas and New Years Trading HoursPlease take note of our trading hours over the Christmas and New Year’s Season. Please […] READ MORE

Outlook 2020 | Buy Gold and Silver To Hedge Massive Risks including U.S. ‘Insolvency’ With late cycle risks and concerns about global growth, many Wall Street analysts are increasingly bullish on gold. Mark O’Byrne, founder at GoldCore spoke to IGTV’s Victoria Scholar about the outlook for gold in 2020. He explained why most analysts including GoldCore are optimistic on both gold and silver. He also tells IGTV why he […] READ MORE

Fed Is Monetizing 90% of U.S. Deficit to Keep Interest Rates from Rising and Crashing Markets By Daniel R. Amerman, CFA As can be seen in the graph above, for the last 12 weeks there has been a stunning visual correlation between the yellow bars of the total weekly funding of deficits by the Federal Reserve, and the green bars of the weekly deficit spending by the United States government. Total […] READ MORE

Gold Coins Worth Thousands Generously Donated To Salvation Army ◆ Gold coins worth thousands generously gifted to the charity again this year ◆ It just means so much … because it means that they went out of their way to do something extra special…” ◆ Salvation Army gold donors keep giving gold coins including Gold Krugerrands anonymously every year◆ At least three gold coins worth […] READ MORE

Goldman: Wealthy Investors Are Moving to Safety of Gold Coins and Bars In Vaults Globally Wealthy and high net investors internationally are moving to the safety of physical gold bullion in secure vaults according to Goldman Sachs. This is according to important data and a chart in the recent very important Goldman note to clients which was not picked up on in the select media who covered it initially. We […] READ MORE

The Most Important UK Election of the Century So Far There’s only one story in the UK this morning – it’s the day Britain goes to the polls. It’s no exaggeration to say that this election is probably the most important of the century so far. If the ruling Conservative party wins a clear majority, then some form of Brexit is almost certain to go […] READ MORE

U.S. Bank Lending Crisis Is Not A “Temporary Hiccup” – BIS ◆ U.S. banks couldn’t quickly fund lending market when rates spiked & hedge funds ‘compounded the strains’ in vital part of finance – BIS report ◆ The Bank for International Settlements — the central bank of central banks says that the ongoing mayhem in the U.S. repo market which began in September and has seen […] READ MORE

Gold $1600 In 2020 as Case for Diversifying into Gold ‘as Strong as Ever’ – Goldman ◆ Goldman is still forecasting that gold will climb to $1,600 over the next year due to investment demand. ◆ Investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious metal – Goldman Sachs Group Inc. ◆ “We still see upside in gold as late cycle concerns and heightened political […] READ MORE

Gold To Triple to $4,000? Options Traders Positioning Themselves With Large Trades ◆ Gold could triple to $4,000 according to “bold bets” in the options market New York ◆ Gold options market saw $1.75 million in block trades speculating that gold will surpass it’s nominal record and could almost triple in a year ◆ 5,000 lots of a gold option giving the holder the right to buy […] READ MORE

Largest Gold Nugget in Britain Found in River in Scotland – “Experts” Concerned About a Scottish Gold Rush The largest gold nugget in Britain has been found in a Scottish river, as experts reveal that members of the public are taking up hunting after watching YouTube clips. The diver, who wishes to remain anonymous, discovered the £80,000 “doughnut-shaped” nugget using a method called “sniping”, in which a prospector uses a snorkel and hand tools to scan […] READ MORE

Global ‘Gold Rush’ Beginning As Investors and Central Banks Buy, Repatriate and Move Gold Watch latest GoldCore video here ◆ Gold is flowing to strong hands in safer forms of gold ownership, in safer jurisdictions ◆ Gold and silver bullion coins and bars owned by GoldCore’s clients have been moved from Hong Kong to Singapore ◆ Central bank and institutional gold rush is beginning as prudent money diversifies fx […] READ MORE

New York Fed Adds Another $97.9 Billion In Liquidity Yesterday – Concerns Grow of Year-End Financial Crisis ◆ The New York Fed added $97.9 billion in temporary liquidity to the financial system yesterday. ◆ The Federal Reserve Bank of New York continues to pump massive liquidity amid very heavy demand by banks for year-end funding; the $97.9 billion involved overnight repurchase agreements, or repos, worth $72.9 billion and the balance via 42-day […] READ MORE

$255 Trillion Global Debt Bubble May Burst In 2020 – Prepare Now ◆ Global debt has risen to another record at $255 trillion due to cheap borrowing costs. ◆ A decade of easy money has left the world with a record $250 trillion of government, corporate and household debt. ◆ This is almost three times global economic output and equates to about $32,500 for every man, woman […] READ MORE

Eastern European Nations Buy and Repatriate Gold Due To Growing Risks To Euro and Dollar ◆ Prudent leaders in Eastern European countries are repatriating their national gold reserves and diversifying into gold due to geopolitical risks and monetary risks posed to the dollar, euro and pound ◆ Slovakia has joined China, Russia and a host of countries buying gold or seeking to repatriate their gold from the Bank of England […] READ MORE

Poland Repatriates Gold From Bank of England Storage to ‘Show Strength of its Economy’ Bloomberg via Yahoo Finance Poland Repatriates Gold From Bank of England Storage to ‘Show Strength of its Economy’ Poland brought about 100 tons of gold home from the Bank of England in a bid to demonstrate the strength of nation’s $586 billion economy, central bank Governor Adam Glapinski said. The institution bought about 126 tons […] READ MORE

U.S. Stocks Will Fall Sharply If There Is a Recession – Oxford Economics ◆ First, the good news from — though it’s not great !◆ Oxford Economics expects the global economy to stabilize in the first half of next year in a new forecast◆ They predict low growth in U.S. stocks next year but a big drop if there’s a recession ◆ Weak productivity growth will limit the global […] READ MORE

U.S. Empire “Ending” and Standard of Living To Fall Sharply: Rickards Interview Have we learned the lessons of 2008? Stand-up comedians Konstantin Kisin and Francis Foster interview James Rickards NEWS and COMMENTARY Gold prices end lower for the week Gold prices ease as strong U.S. data lifts dollar, yields Trump’s Fed Pick Judy Shelton Cast Doubt on Central Bank Independence China attacks US at G20 as the […] READ MORE

World’s Richest Investors See Sharp Market Drop In 2020 – UBS Survey 3,400 high net worth investors with at least $1 million in investable assets were surveyed by UBS Fifty-five percent of respondents expect a significant drop in the markets at some point in 2020. The super rich have increased their cash holding to 25% of their average assets, the survey showed. A majority of the most […] READ MORE

Global Gold Buyers Are ‘Confident’ in Gold ‘Retail Gold Insights 2019’ has just been published by the World Gold Council. It is a thematic analysis of their new consumer research survey. With a base of 18,000 participants across India, China, Russia, Germany, the US and Canada, we believe it is the largest ever consumer survey on the global gold market. 5 main themes of […] READ MORE

Hong Kong Uncertainty Highlights Importance of Physical Gold – GoldCore Podcast GoldCore directors have been monitoring the political and economic situation in Hong Kong for the last year. It has clearly deteriorated in the last two weeks and we are now erring on the side of caution in terms of our client’s who store assets there. We have contacted all GoldCore Secure Storage clients with assets […] READ MORE

Owning GLD Is Not Owning Gold – CNBC Chris Powell of GATA writes today about how he finds it interesting that CNBC are careful to admit that owning the GLD ETF is not the same thing as owning physical gold, a theme that has run strongly throughout our market commentaries for many years. He writes… Two cheers for today’s CNBC report celebrating the […] READ MORE

True US Economy About To Be ‘Revealed’ – Stockman Interview David Stockman is the former budget director for President Ronald Reagan and author of “Peak Trump: The Undrainable Swamp and the Fantasy of MAGA” He believes that the market “can’t digest” all the money flooding into Wall Street and that the Federal Reserve responded with panic. NEWS and COMMENTARY Gold slips as trade optimism derails […] READ MORE

Gold Retreats After Two Days of Gains as Serbia Buys 9 Tons of Gold and Hong Kong Enters Sharp Recession NEWS and COMMENTARY Gold tallies back-to-back gains as Treasury yields retreat Serbia Buys Nine Tons of Gold to Heed President’s Crisis Advice Global debt surged to a record $250 trillion in the first half of 2019, led by the US and China China central bank injects 200 billion yuan to boost liquidity, keeps rate unchanged […] READ MORE

Gold Rises As Trade Deal Doubts Pressure Stocks NEWS and COMMENTARY Gold climbs, on track to post first gain in 5 sessions Gold rises as trade deal doubts pressure equities U.S. October budget deficit hits $134.5 billion, 34% higher than the year before Fed’s Powell says interest rates unlikely to change as long as growth continues Copper slips after Trump threat of more […] READ MORE

World Debt Downgrade Warning – Moody’s ◆ A World Debt Downgrade Warning (WDDW) has been issued by credit rating agency Moody’s due to deepening global geopolitical uncertainty and risks ◆ Moody’s has issued a debt downgrade warning to the entire world on fears that severe political turmoil from London to Hong Kong poses a threat to the global economy (see News […] READ MORE

Gold Price Falls on Selling of Gold Futures Equal to 3 Million Ounces in 30 Minutes ◆ Gold price falls to a three-month low as concentrated selling of COMEX gold futures contracts equal to over 3 million ounces are sold in 30 minutes ◆ 33,596 contracts were aggressively sold in the 30 minutes between 10:00 and 10:30 a.m. New York time which is more than triple the 100-day average for that […] READ MORE

Financial Advisers Should Protect Clients By Diversification Into Gold as History Repeats ◆ Irish Times Interview with Mark O’Byrne of GoldCore ◆ Financial advisers have not learnt from financial history or even learnt lessons from the near financial collapse ten years ago ◆ Investors in Ireland, the UK and internationally are no more aware of risk in financial markets today than we were ten years ago ◆ […] READ MORE

Gold Falls 3% In Week to One-Month Low At $1,464/oz As Banks and Hedge Funds Sell COMEX Futures Aggressively ◆ Gold is down 3% this week on concentrated selling of gold futures on the COMEX in New York.◆ Stocks in Asia fell and European indices were mixed today due to conflicting signals between China and the U.S. regarding progress in resolving the trade war which is damaging global economic growth. ◆ Gold has gained […] READ MORE

Gold Futures Fall On Trade Deal Hopes; Central Banks of China, Russia, Turkey Buy Gold Bullion NEWS and COMMENTARY Gold falls as trade-deal uncertainty cuts safe-haven demand China says it has agreed with the US to cancel existing trade tariffs in phases BOJ to continue massive monetary stimulus to hit 2% inflation Dow futures jump 100 points after China and US reportedly agree to remove existing tariffs Syria is lost, Lebanon’s […] READ MORE

Deutsche Bank On The Verge Of Creating The EU’s “Lehman Moment”? NEWS and COMMENTARY The Deutsche Bank Death Watch Has Taken A Very Interesting Turn by Michael Snyder via Zero Hedge The biggest bank in Europe is in the process of imploding and there are persistent rumors that the final collapse could happen sooner rather than later. Those that follow my work on a regular basis […] READ MORE

Gold ETF and Central Bank Gold Buying Supports Gold Demand In Q3 Gold demand grew modestly to 1,107.9 tonnes (t) in Q3 thanks to the largest ETF inflows since Q1 2016 ◆ A surge in ETF inflows (258t) outweighed weakness elsewhere in the market to nudge gold demand 3% higher in Q3 ◆ Global central bank buying remained healthy but significantly lower than the record levels of […] READ MORE

Video: Has Germany Increased Its Gold Reserves For The First Time In 21 Years? ◆ Has the German Bundesbank increased Germany’s gold reserves for the first time in 21 years? ◆ The important story of how Bloomberg (and only Bloomberg via the Bloomberg terminal) reported that Germany had added to its gold reserves and that “Germany’s reserves climbed to 108.34m oz in September, the first increase since 1998” ◆ […] READ MORE

Gold Prices Steady Over $1,500/oz After 0.4% Gain Last Week NEWS and COMMENTARY Gold prices flat after weekly gain; Trade optimism lifts riskier assets Gold ends off 5-week high but tallies weekly gain in a period focused on jobs and Fed Moody’s leaves South Africa teetering on brink of ‘junk’ China gold consumption falls in first three quarters, gold output also lower India gold demand […] READ MORE

Coming Great Global Gold Reset As Global Debt Hits $246.5 Trillion ◆ In the first quarter of 2019, global debt hit $246.5 trillion ◆ Encouraged by lower interest rates, governments went on a borrowing binge as they ramped up spending, adding $3 trillion to world debt in Q1 alone ◆ It reverses a trend that started in the beginning of 2018, of reducing debt burdens, when […] READ MORE

Time To Replace Bonds With Gold ◆ “It may be time to replace bonds with gold” according to the just released excellent new Investment Update by the World Gold Council. ◆ Central banks have shifted to a new regime of easy monetary policy, thus reducing expected bond returns. ◆ As negative yielding debt increases alongside stock-to-yield valuations to all-time highs, gold […] READ MORE

Global Economy Faces ‘Scary Situation’ – Billionaire Investment Manager Dalio Warns NEWS & COMMENTARY Gold prices range-bound ahead of expected Fed rate cut Gold prices mark one-week low a day ahead of the Fed’s interest-rate decision Stocks drop rapidly on report trade agreement may not be signed at Chile meeting in November Fed may have to do more to calm the stress in the short-term lending […] READ MORE

Trump Pumps Market With Trade Talks, Stocks Move Higher, Gold Lower Sue Trinh, Managing Director of global macro strategy at Manulife Investment Management, speaking on Bloomberg. She had some interesting comments regarding the current market structure, in the shadow of the FED, which is expected to drop rates yet again. Ms Trinh sees boosts in asset prices not translating into any real uptick in the real […] READ MORE

“Gold Is God’s Money” – ‘Rich Dad’ on Bloomberg TV ◆ “I like gold because gold is God’s money”, Robert Kiyosaki, personal finance expert and best selling author of “Rich Dad Poor Dad,” tells Bloomberg TV ◆ “Gold and silver will always be here, no matter what the markets are doing, so that is why my foundation is gold, the second is real estate and […] READ MORE

Bundesbank Buys Gold – Increasing Concerns About Deutsche Bank, European Banks, the Euro and Dollar ◆ The End Of Fiat In One Chart? ◆ For the first time in 21 years, Germany has openly bought gold into its reserve holdings ◆ With ECB mutiny and Deutsche Bank’s rapid demise, fears are rising of a looming financial crisis, and with that, Germany has shown a renewed interest in gold ◆ Which […] READ MORE

Germany Increases Gold Reserves In September For The First Time In 21 Years – IMF ◆ The gold reserves of the German Bundesbank rose in September for the first time in 21 years; German gold reserves rose to 108.34 million ounces in September from 108.25 million ounces last month ◆ It was the Germany’s first gold purchase since 1998 and while the amounts are not huge at 90,000 troy ounces, […] READ MORE

JPMorgan Warns U.S. Money Market Stress to ‘Get Much Worse’ ◆ Severe funding pressures in U.S. money markets tipped to resurface heading into year-end by JPMorgan who warn that financial stresses are likely to ‘get much worse’ ◆ Goldman Sachs and Bank of America also warn funding issues remain (see below) ◆ Federal Reserve will start buying $60 billion of Treasury bills every month ◆ […] READ MORE

A ‘Great Time To Rebalance Investment and Pension Portfolios’ – Newstalk Interview How Is Gold Doing and What Is The Future Outlook? ◆ Negative interest rates and $250 trillion of global debt has turned the world of investments and pensions “on its head” ◆ Gold is doing very well and is up 17% in dollar terms so far this year (19% in euros and 17% in British […] READ MORE

IMF Warning: ‘World’s Financial System Is More Stretched, Unstable and Dangerous Than It Was On the Eve of the Lehman Crisis’ ◆ The International Monetary Fund (IMF) has again warned that the world’s financial system is more stretched, unstable and dangerous than it was on the eve of the Lehman crisis ◆ Quantitative easing, zero percent interest rates and massive financial repression has pushed investors – and in the case of pension funds or life insurers, […] READ MORE

Gold Falls 0.25% After Johnson Says Brexit Agreed; Markets Remains Skeptical of the ‘Deal’ ◆ Gold has fallen in pounds, euros and dollars after breaking news suggesting a Brexit deal has been reached ◆ The pound and the euro rose with the pound gaining 0.52% against the dollar ◆ The Australian and New Zealand dollar saw larger gains of 1% and 0.7% respectively which suggests foreign exchange markets remain […] READ MORE

Bank of England Warns of an ‘Abrupt’ Financial Collapse Due To Climate Emergency ◆ Coming financial collapse will likely be due to climate change warns Bank of England governor ◆ Marc Carney warns of an “abrupt” financial collapse due to climate emergency and warns that companies that ignore climate crisis will go bankrupt ◆ Fighting climate change will drive up interest rates and we must avoid a “climate-driven […] READ MORE

Dutch Central Bank: Gold Bars ‘Always Retain Their Value, Crisis Or No Crisis’ ◆ “Gold is the perfect piggy bank – it’s the anchor of trust for the financial system” says the Central Bank of the Netherlands ◆ “If the system collapses, the gold stock can serve as a basis to build it up again” astutely and prudently observes the Dutch Central Bank ◆ The Dutch people “hold […] READ MORE

GOLDNOMICS PODCAST: Prepare Now As Risk Of Contagion In Today’s Fragile Monetary World ◆ GOLDNOMICS PODCAST – Episode 13 – Lucky for some ! ◆ Why is nobody talking about the real risk of contagion to investors, savers & companies? ◆ While all the focus in the UK, Ireland and the EU is on Brexit, the risk of another debt crisis looms as companies, banks, governments and the […] READ MORE

Gold Down 0.6% In Week Despite Fed Injecting Another $88 Billion Overnight, Brexit Risks and Iran Missile Attack ◆ Gold is marginally higher today but 0.6% lower for the week at $1,499/oz despite a very positive back drop with increasing geopolitical, monetary and systemic risks ◆ Silver is again outperforming gold, recovering to $17.70/oz and is 0.5% higher for the week as smart money continues to accumulate undervalued silver; while palladium prices reached […] READ MORE

Gold ETFs See Holdings Reach All Time Record Highs In September ◆ Global gold ETF holdings reach all time record highs, increasing by 13.4% so far in 2019 on hedging and safe haven demand ◆ Global gold ETFs, ETCs and similar products had US$3.9bn of net inflows across all regions, increasing their collective gold holdings by 75.2 tonnes(t) to 2,808t, the highest levels of all time in September ◆ Gold ETF […] READ MORE

China’s Central Bank Buys 100 Tons Of Gold As Trade and Dollar Tensions With U.S. Escalate ◆ China has added more than 100 tons of gold bullion bars to its gold reserves since it resumed buying in December; China’s gold holdings rose to 62.64m ounces in September, an increase of 190,000 ounces in one month ◆ The People’s Bank of China (PBOC) increased it’s gold reserves for a 10th straight month […] READ MORE

Chinese Buy Gold In Volume In Holiday Week as Gold Jewellery Sales ‘Soar’ ◆ Gold is marginally lower today at $1,503/oz and stocks are mixed ahead of what are set to be tense U.S. and China trade negotiations. ◆ Gold sales are expected to accelerate through the end of the year due to weakening global economic conditions, according to Mike McGlone, a Bloomberg Intelligence senior commodity strategist as […] READ MORE

Gold Recovers To $1,507/oz After Falling To $1,496/oz After Poor Jobs Report; Now Higher For The Week ◆ Gold prices recovered to $1,507/oz after falling to $1,496/oz despite a poor jobs number; this was expected to see gold make gains due to the likelihood of further Fed rate cuts ◆ U.S. job creation was less than forecast in September (September payrolls 136K, Exp. 145K) and wage gains cooled in yet another warning […] READ MORE

Gold Consolidates At $1,500/oz As Stocks Fall On Fragile Global Economy Vulnerable To Shocks NEWS and COMMENTARY Gold rises as weak U.S. data fuels global slowdown worries Global stocks fall to lowest in month on U.S. growth worries Dow dropped more than 800 points in 2 days — here’s what’s going on Manhattan Resale Home Prices Drop Most Since 2011 Morgan Stanley, Mitsubishi fined for spoofing in gold and […] READ MORE

Gold Recovers To $1,482/oz As Stocks Globally Fall Sharply After U.S. Manufacturing ‘Shock’ NEWS and COMMENTARY Gold inches up as weak U.S. data reinforces economic slowdown fears Gold prices end higher as fall in U.S. manufacturing index spurs haven buying Gold Is Breaking Out as Oil May Be Ready to Move Higher, Fidelity’s Gagliardi Says Global shares at one-month low on U.S. manufacturing shock Too big to lend? […] READ MORE

Gold Falls To 2 Month Low At $1,460/oz; UBS Increases Forecast to $1,730 Next Year NEWS and COMMENTARY Gold lingers near 2-month low, robust dollar weighs Gold drops below the key $1,500 mark to post lowest finish in 2 months Euro drops to 28-month low on growth concerns UBS Doubles Down On Gold — Ups Its Forecast Again, up to $1,730 in 2020 Oil falls, Brent posts biggest quarterly drop […] READ MORE

Video: Gold $16,000 and Silver $770 Per Ounce? Focus On Safe Haven Value, Not Price – “The possibility of gold over $16,000 per ounce and silver over $770 per ounce … I hear people gasp in dismay when I say those figures and I will qualify them” – “There are a lot of important developments in the precious metals market … the outlook for gold and silver has never been […] READ MORE

Gold Imports Into China Surge 61% From 8 Year Low To 13 Tonnes ◆ Gold is 0.6% lower today at $1,497/oz and appears headed for a 1.1% fall this week after a 2% gain last week ◆ Gold looks set for a near 2% loss in September which will encourage bargain hunters buying on weakness; The dollar remains near multi-week highs despite poor U.S. economic data of late […] READ MORE

Gold Marginally Higher On ‘Bargain Hunting’ As World’s Largest Gold ETF Sees Holdings Rise 1.8% to 924.94 Tonnes In One Day ◆ Gold prices have inched 0.3% higher today as a sharp drop of nearly 2% yesterday has attracted bargain hunters ◆ Gold tested support at $1,500/oz after another peculiar sell off in the futures market saw prices fall $30 in two hours on the COMEX yesterday with most of the selling coming after European and […] READ MORE

Gold At 3 Week High As Stocks and Dollar Fall On Trump’s Hard Line Stance Against Iran and China ◆ Gold has edged higher to reach three week highs at $1,535/oz today after Trump took a hard-line stance on China and Iran during his U.N. speech ◆ Stocks fell in the U.S. yesterday and today in Europe on increasing political turmoil in the U.S. and the UK; Concerns about the global economy and the […] READ MORE

Gold Marginally Higher On ‘Bargain Hunting’ As World’s Largest Gold ETF Sees Holdings Rise 1.8% to 924.94 Tonnes In One Day ◆ Gold prices have inched 0.3% higher today as a sharp drop of nearly 2% yesterday has attracted bargain hunters ◆ Gold tested support at $1,500/oz after another peculiar sell off in the futures market saw prices fall $30 in two hours on the COMEX yesterday with most of the selling coming after European and […] READ MORE

Gold At 2 Week High At $1,523/oz On Global Economy Concerns; Palladium At All Time Nominal High NEWS and COMMENTARY Gold climbs as weak eurozone data underlines fears over global growth Gold hits 2-week high on growth fears, palladium scales new peak Global stocks sink on dismal economic data, mixed trade signals European Central Bank Pressures EU Countries To Stimulate The European Economy The Coming Currency War 2.0: Digital Money vs. […] READ MORE

Gold Gains 0.8%, Silver 3.4% As Stocks Fall on Bad EU Data and Oil Gains On Middle East Concerns NEWS and COMMENTARY Gold gains on Middle East tensions; palladium hits record high Gloomy European Data Hits Stocks as Bonds Advance Oil gains more than 1% on Saudi supply doubts, Mideast tensions Iran warns it will ‘destroy aggressors’ after US troop announcement UK households’ financial worries hit five-year high: IHS Markit German Industrial Recession […] READ MORE

‘Plumbing of the U.S. Financial System’ Under Pressure; NY Fed Providing Massive Liquidity and Potentially Permanent Repo and QE ◆ The ‘plumbing of the U.S. financial system’ is under pressure as liquidity dries up forcing New York Federal Reserve to provide massive liquidity and potentially they may be forced to move to permanent repo operations and renewed quantitative easing or QE ◆ The New York Fed appears to be set to do another $75 […] READ MORE

Gold Falls Despite President of the United States Attacking “Fail Again” Federal Reserve NEWS and COMMENTARY Trump: Powell and the Federal Reserve Fail Again. No “guts,” no sense, no vision! A terrible communicator! Federal prosecutors, commodity regulators broaden manipulation probe beyond precious metals JP Morgan’s ‘spoofing’ isn’t the big manipulation GATA has pursued, Official manipulation is BIS gold swaps rose in August but still lower than last year […] READ MORE

JPMorgan’s Gold and Silver Desk Was a Criminal Enterprise – U.S. Justice Department ◆ JPMorgan’s head of precious metals trading and senior traders have been charged by the U.S. Department of Justice with rigging precious metal prices in a “massive, multiyear scheme” ◆ The DOJ’s indictment said the scheme generated millions of dollars in profits for JPMorgan Chase and caused millions in losses for counter-parties, prosecutors said ◆ […] READ MORE

Central Bank Gold Buying Is “Sustainable and Indeed May Accelerate” ◆ Why central banks including China and Russia will keep buying gold due to concerns about the outlook for currencies, including the dollar and the euro, Mark O’Byrne, Research Director of GoldCore told Marketwatch ◆ While the gold tonnage demand from central banks in recent months has been significant and near records, gold remains a […] READ MORE

Oil Surges 10%, Gold Gains 1% and Silver 2.2% After Saudi Oil Attacks ◆ Oil surged over 15% after the attacks on the Saudi oil facilities; oil prices are now 10% higher with gold 1% higher and silver over 2% higher ◆ U.S. stock index futures dropped as oil prices surged the most on record; Brent crude soared as much as 19.5% and West Texas Intermediate added 15.5% […] READ MORE

Gold Gains 1.5% After ECB Unleashes Bazooka of -0.5% Interest Rate and QE Of €20 Billion A Month ◆ Gold gained 1.7% after the European Central Bank unleashed easy money measures by cutting deposit interest rates and relaunched QE “for as long as necessary” ◆ The ECB moved further into negative rates at -0.5% and will electronically create of €20 billion euros every month to buy bonds; gold rose from €1,362/oz to €1,394/oz […] READ MORE

Citigroup Say Gold May Top Record At $2,000 Per Ounce ◆ Gold will “trade stronger for longer” and Citigroup see gold possibly topping new nominal highs at $2,000 an ounce in the next year or two ◆ Citi is bullish on gold due to the prospect of the Fed cutting interest rates to zero, heightened geopolitical tensions and rising risks of a global recession (see […] READ MORE

‘Protect Oneself’ From A ‘Paradigm Shift’ Akin to the 1930s With Gold Diversification – Ray Dalio Diversify Well To Protect Oneself Against The Coming ‘Paradigm Shift’ by Ray Dalio, Bridgewater Associates The most important forces that now exist are: 1) The End of the Long-Term Debt Cycle (When Central Banks Are No Longer Effective)+ 2) The Large Wealth Gap and Political Polarity+ 3) A Rising World Power Challenging an Existing World […] READ MORE

Gold Marginally Higher; China Buys 100 Tons of Gold For Its Reserves In 2019 ◆ Gold eked out small gains of 0.4% to $1,512/oz after falling nearly 1% last week; Improved risk appetite are capping gains for now ◆ Gold may go lower in the short term and support is at $1,500 and $1,450 per ounce but strong global safe haven demand from investors, family offices and central banks […] READ MORE

Gold In Japan Reaches Highest Since 1980 – Surging Demand Results In Delays To Buy Gold ◆ Gold has reached its highest price in Japanese yen since 1980 at 165,045/oz (see charts below) as the yen depreciates amid “global economy jitters” ◆ A surge in demand in Japan is resulting in gold buyers needing to wait “2-3 hours to close deals” on gold bars according to Japan’s largest gold broker Tanaka […] READ MORE

Gold To $3,000/oz By End Of 2020 As The Dollar Will Fall Sharply – Ron Paul ◆ Where Does Gold Go From Here? — Ron Paul’s “Cautious” Prediction ◆ “Gold is an ‘insurance policy’ as the dollar will continue go down in value as it is printed” and it will end in a monetary “calamity” ◆ “Gold is not money due to any man-made laws. Gold is money despite man-made laws, […] READ MORE

Gold Gains 1.7% and Silver Surges 4.9% After Weak U.S. Data Compounds Global Recession Fears * Gold gained 1.7% and silver surged 4.9% yesterday after weak U.S. manufacturing data reinforced fears of a U.S. and global recession * The escalation in the U.S.-China trade war and the political shambles in the UK and Brexit further bolstered gold bullion’s safe-haven appeal * U.S. manufacturing activity contracted for the first time in […] READ MORE

Gold At New Record Highs In Pounds and Euros – £1,280/oz and €1,400/oz – On Brexit and Economic Concerns * Gold in sterling and euros have reached new record nominal highs of £1,279.46/oz and €1,401.60/oz respectively this morning (see charts below) * Gold priced in sterling and euros soared to record highs due to political turmoil in the UK, increasing concerns about a disorderly UK exit from the EU and the slowing UK and […] READ MORE

Silver Rally Is ‘Stealing the Show’ Even as Gold Surges to 6-Year High News and Commentary Gold rises as U.S., China begin new round of tariffs Silver rally is stealing the show even as gold surges to 6-year high Return to capital controls sends Argentina assets tumbling Argentina central bank tightens FX market access as peso plunge burns through reserves China, U.S. kick off new round of […] READ MORE

Silver Gains 6% To $18.40/oz and Gold Consolidates Over $1,500/oz This Week News and Commentary Gold steadies near six-year high, silver jumps as growth risks persist Silver rally is stealing the show even as gold surges to 6-year high Around 1,000 fake-branded bars likely from China slip dirty gold into Asian gold markets Trump says US and China resume trade talks Thursday ‘at a different level’ China […] READ MORE

Gold Reaches New Record Highs In GBP at £1,272 and EUR at €1,399 as Johnson Suspends UK Parliament * UK political chaos, Brexit concerns and flight to safety propel gold in sterling and euros to new record nominal highs * Gold priced in sterling and euros soared to record highs today at £1,272 and €1,399 per ounce, spurred by increasing fears of a disorderly British exit from the European Union as PM Johnson […] READ MORE

Silver Surges 3% To $18.30oz; Next Resistance At $20/oz and Then $50/oz * Silver has breached the resistance level of $18 an ounce for the first time in two years after surging 3% yesterday * Spot silver extended gains for a third straight session, jumping 3% to $18.15 per ounce. It reached $18.34, its highest level since September 2017 and is up 11.5% in August, making it […] READ MORE

Gold Consolidates After Surging To All Time Record High In Euros At €1,392.60/oz * Gold in euros surged to a record high at €1,392.60/oz and gold in Australian dollars hit new record highs yesterday * Gold surged to a more than six-year high in dollars yesterday surpassing $1,550/oz in early trade prior to falling to $1,530/oz *Investors are seeking safety from a host of uncertainties including heightened U.S.-China […] READ MORE

G7, Trump Tweets and Uncertainty Underline Importance of Owning “Physical Gold In A Vault” – GoldCore on Bloomberg Mark O’Byrne, executive director at Goldcore Ltd., discusses his outlook for gold as gold reached record highs in euros (see chart) amid global uncertainty. He speaks on “Bloomberg Markets: European Open.” (Source:Bloomberg) – Given the serious developments at the G7, Trump’s tweet regarding Fed Chairman Powell being akin to an enemy and the escalating trade […] READ MORE

Interview with Mark O’Byrne: Gold Down 1% In Week; Up 6% In August and Up 17% YTD; ‘Most Probably Correct’ So Cost Average Dale Pinkert interviews Mark O’Byrne about GoldCore, gold’s outlook, bank and electronic risk, bitcoin and cryptos and Swiss storage “Don’t just count your pips, bullion coins and bars … count your blessings” Gold is 6% higher in August and may correct in the short term so cost average Deutsche Bank is a “basket case” and […] READ MORE

Gold Steady At $1,500 As Russia Buys Another 300,000 Ounces Of Gold In July Russia increased it’s gold reserves by another 300,000 ounces in July and its gold reserves are now worth $101.9 billion Total amount of Russian gold reserves rose 0.4% in July, reaching 71.3 million ounces or 2,218 tons as of August 1 Official figures show gold now accounts for 19.6% of the total reserves of the […] READ MORE

Buy Physical Gold ‘At Any Level’ Says Mobius As It Will Go ‘Up, Up and Up’ “Gold’s long-term prospect is up, up and up, and the reason why I say that is money supply is up, up and up” Respected investor Mark Mobius gave a blanket endorsement for investors to buy physical gold Mobius recommended a 10% allocation to gold bullion and warned against gold ETFS which are “susceptible to government […] READ MORE

Gold and Silver Prices Move Above Key $1,500 and $17 Levels Again News and Commentary Gold reclaims $1,500 mark as focus turns to Fed Gold steady after slide below key $1,500 level Gold slips 1% as equities, U.S. Treasury yields rise Wall St. rallies on stimulus cheer, Apple leads tech gains Powell gets the chance this week to make up with markets after his ‘midcycle adjustment’ We […] READ MORE

Gold 1% Lower At $1,497 After Third Week Of Gains Gold prices dip on firmer dollar, stocks Gold prices fall on stronger dollar, equities Papua New Guinea Aims to Retain 30% of Exported Gold, May Change Currency Pegs India’s central bank demands more enthusiasm for gold paperizing campaign Blenheim Palace ‘installs £1million 18-carat gold toilet for visitors’ How modern monetary theory could spike a new […] READ MORE

Gold Nears Record Highs In Euros as Deutsche Falls To New Record Low Showing Bank Contagion Risk * Gold has consolidated on recent gains this week and has crept higher in all major currencies (see LBMA prices below) and is nearing all time record nominal highs in euros * Deutsche bank’s new record low at €5.80 underscores German and European banking contagion risk * FTSE 100 opens slightly higher after trading delay […] READ MORE

Gold Consolidates Over $1,500 As Trump Calls The Fed “Clueless” and “Crazy” and Links Trade Wars to Hong Kong * Gold prices consolidated today, after gold gained nearly 1% yesterday on safe-haven buying as stocks globally fell yesterday and today. * The historic drop in long-term U.S. bond yields could portend a global recession which is impacting risk assets and seeing investors diversify into gold. * China has curbed gold imports according to anonymous […] READ MORE

Gold and Silver Prices Resilient Over $1500 and $17 Despite Sharp Selling On COMEX Yesterday * Gold is 0.8% higher to $15,14/oz and silver is 1.24% higher to $17.20/oz * Gold has consolidated just over the $1,500 level finding support after mor poor economic data from China and Germany raised fears of a global recession * CME raised gold margins from $4k to $4.5k or 12.5% yesterday Gold sheds 2% […] READ MORE

Gold and Silver Fall Sharply From 6 Year and 18 Month Highs After Massive Selling In The Futures Market * Gold and silver fell sharply from six year highs and 18 month highs and fell 0.7% and 0.6% respectively * Massive concentrated selling in the futures markets saw both precious metals fall very rapidly from $1,534/oz and $17.51/oz to as low as $1,487/oz and $16.71/oz * Silver had gone above a 1 and half […] READ MORE

Gold Surges To $1,512 At Open In Asia, Falls To $1,488 At Open In London, Then Moves Over $1,500 Again * Gold up nearly 6% so far in August after 3% gain last week * Gold futures traders increase net longs in COMEX gold * Volatile trading overnight saw gold go higher, lower and then higher again as gold seeks to consolidate at $1,500/oz (see gold in yellow in chart above) NEWS & COMMENTARY Gold […] READ MORE

Gold Holds Above $1,500 As Central Banks Lose Control and China Continues to Buy Gold Bullion NEWS & COMMENTARY Gold and silver are 4% and 4.7% higher respectively for the week so far Gold ends lower but holds firmly above $1,500; Silver loses grip on $17 Gold dips, taking a breather after surpassing key $1,500 level China Increases Gold Reserves & Diversifies From The Dollar European stocks seen lower on trade […] READ MORE

Jim Rogers Video Interview: Buy Gold Coins and Silver Coins as Global Crisis Is Coming ◆ “Get knowledgeable and get prepared as this crisis is going to be the worst in my life time” ◆ “I own physical gold and silver coins … everyone should own them” ◆ “I own Chinese, Russian, American, Australian, Austrian silver coins” and “I own UK and other gold coins” ◆ “Singapore has been and […] READ MORE

Silver Surges 4.6% To $17.19/oz and Gold Gains 2.4% To $1510/oz as Markets Wobble NEWS & COMMENTARY Silver prices book largest daily rise in 3 years as gold ends 2.4% higher Gold touches 6-year high; Rush into US bonds sinks global stock markets China Scoops Up More Gold for Reserves During Trade War Growing fears of world recession haunt global markets Fed’s Evans signals support for reducing borrowing costs […] READ MORE

Gold Surges Over $1,500/oz as Investors Seek Shelter From Gathering Storm via Bloomberg via Yahoo Finance Gold futures rallied above $1,500 an ounce on sustained demand for the traditional haven as the U.S.-China trade war festers, global growth slows and central banks around the world ease monetary policy. The metal advanced as much as 1.3% to $1,503.30 an ounce on the Comex, the highest since 2013. […] READ MORE

Gold Surges To $1,475/oz and All Time Record Highs In Pounds, Yen, Canadian and Australian Dollars Gold prices have surged in dollars and all currencies due to the escalation in the trade wars and a return to currency wars between China and the U.S. Gold surged as much as 2% in dollars yesterday and has consolidated on those gains today. It is gold’s highest level in dollars in more than six […] READ MORE

Gold Surges To 6 Year High As Trade and Currency Wars Intensify NEWS & COMMENTARY Gold Firms Near 6-year Peak as Trade Tensions Trigger Safe-Haven Bets Gold Surges to 6-year High as Trade Worries Lift Safe-Haven Bets U.S. Treasury Designates China as a Currency Manipulator US Labelling China ‘Currency Manipulator’ to Shake Global Financial Markets – People’s Bank of China China Media Says U.S. ‘Destroying International Order’, […] READ MORE

“We Expect This Selloff To Be Short and Relatively Shallow” said GoldCore NEWS & COMMENTARY Gold surges nearly 2% after Trump says U.S. will impose new tariffs on Chinese imports “We Expect This Selloff To Be Short and Relatively Shallow” – GoldCore via Blomberg Central Bank Hunger for Gold Lifts Demand to Three-Year High Gold demand leaps to 3-year high as prices surge – WGC Ted Butler […] READ MORE

Fed’s Stock Bubble and Why Central Banks Blind Us To Risk The Federal Reserve dropped interest rates by 0.25% and the U.S. stock markets fell from all time record new highs. They also signaled to a surprised market that this is by no means an ongoing trend. The markets had to do a double take and were not enamored. The Fed has turned dovish from a […] READ MORE

Gold and Silver Are “Safe Haven Money” and Have Never Failed Throughout History – Silver Guru – “I feel called to this … I feel it is my duty to educate as many people as possible” – The Fed is engaged in “extend and pretend” but we are in the “end game” – U.S. bonds are no longer safe due to negative yields and the risk of massive currency depreciation – […] READ MORE

Gold Futures Fall, Stocks Fall After Expected Fed Interest Rate Cut NEWS & COMMENTARY Gold futures finish with a loss after Fed cuts interest rate as expected Gold falls as Fed rate outlook disappoints Fed cuts rates, signals it may not need to do more Wall Street unimpressed by Fed’s expected rate cut Fed cuts interest rates by quarter-point and ends quantitative tightening early US Fed: […] READ MORE

Gold and Silver Steady Ahead of Fed; Up Over 3% and 7% In July NEWS & COMMENTARY Gold marks longest string of gains in 5 weeks ahead of Fed decision Silver on pace for best monthly gain since December, up more than 7% Gold prices hold steady ahead of Fed verdict Euro zone second-quarter growth halves, inflation slows despite jobless at 11-year low Swiss National Bank reports H1 profit […] READ MORE

Gold Surges To £1,175/oz, Near Record £1,179/oz In GBP, As Sterling Falls Sharply Gold prices have surged in British pounds today as sterling fell sharply on concerns that Boris Johnson may lead the UK and EU into a “hard Brexit.” Gold surged to 1,175/oz and nearly touched the all time record nominal high of £1,179/oz as the pound fell on international markets. Gold gained nearly 0.5% in dollars […] READ MORE

US, EU and China To Revalue Gold In New ‘De Facto’ Gold Standard US, EU and China could pursue joint revaluation of precious metal By Willem MiddelkoopOfficial Monetary and Financial Institutions Forum via OMFIFLast year 22 central banks, situated largely to the east of Germany, bought the largest amount of gold since 1967, the year the London Gold Pool collapsed. The gold repatriations by many European countries of