Morgan warns about the importance of owning physical gold coins and bars rather than paper or digital proxies for gold and silver bullion and money.
Blackrock Inc., has written a note about gold in which it suggests that this is the “perfect time and place” for gold due to “low and even negative yields, slow growth and potential signs of rising inflation ... ”
Buy gold as it is an “extremely low-risk asset” is the advice of Professor Kenneth Rogoff to emerging market, creditor nation central banks including the People’s Bank of China (PBOC). “There is no limit to its price ...” he said ...
Sell paper and digital gold, maybe but not physical gold coins and bars. Rather both physical gold and silver bullion should be owned as financial insurance and hedges against currency debasement, bail ins, systemic and counter party risks and the myriad other risks today.
Bank bail-ins remain one of the greatest, but most poorly analysed and understood threats to depositors and savers today. The law of unintended consequences … Fail to prepare, prepare to fail ...
Buy gold and silver coins and bars for delivery and storage has advocated a leading financial adviser in Ireland. Eddie Hobbs has given advice to his clients and says that they should buy bullion in order to protect from the coming global financial crisis.
George Soros, who once called gold “the ultimate bubble,” has resumed buying the gold ETF and shares after a three-year hiatus. Soros issued very vocal warnings a year ago in May 2015, that we are on the “threshold of a Third World War” ...
Michael O’Leary was forthright and humorous as ever at a conference when he warned that Brexit could lead to contagion in the EU. With regard to diversifying into gold, the CEO of Ryanair, one of Europe’s largest airlines, said that the airline would be unlikely to as it is a “risky asset.”
“We are finally in the very beginning of the new bull market which will be the most exciting as the third leg up is the one that is the most rewarding. In fact few will believe just how high the precious metals will go. The end date is most likely 2018/2019 at this point.”
The London property bubble shows renewed signs that it is beginning to burst. Property sellers in the UK have reduced their asking prices and London property prices have fallen by 7.8 per cent on average and as much as 30% in some areas according to City AM today.
Smart money buying gold while dumb money continues to disparage it ... as was the case prior to the first crisis. The stock bull market has“exhausted itself” and gold “remains our largest currency allocation” according to Druckenmiller
Coming ‘sharia gold standard’ or shariah compliant gold could lead to a very significant source of new demand for physical gold coins and bars in the Islamic world as some of the $2 trillion of assets held in Islamic financial institutions are allocated to the very small physical global gold market.
Enter the Dragon. The silver bullion market has a key new player - China. The Shanghai Futures Exchange in China is replacing JP Morgan bank and its clients as the most significant new source of demand according to a very interesting blog with some great charts and tables published by SRSrocco Report yesterday.
Craig Wright, an Australian computer scientist, self-declared cyber security expert and entrepreneur, has claimed to be the creator of Bitcoin, the elusive ‘Satoshi Nakamoto’.
James Rickards, economic and monetary expert, joined Bloomberg’s Francine Lacqua on Tuesday to discuss the gold “chart of the decade”, his new book “The New Case for Gold,” why gold is money and why gold is going to $10,000/oz in the coming years.