GoldCore's blog

GoldCore's picture

Gold Buying Surges In November - China Buys 21 Tonnes In November Alone





Sales of American Eagle gold coins at the U.S. Mint surged in November, with gold demand nearly tripling month-over-month. China's gold reserves rose by another 21 tonnes in November, the biggest bout of gold buying since China began disclosing monthly data on it's gold reserves in June

Despite these very high levels of demand, gold prices fell sharply in November - from $1,141/oz to $1,070/oz or 6.6%.

 
GoldCore's picture

BIS Warns of ‘Uneasy Calm’ in Markets Before Possible Debt Storm





Less favourable financial market conditions, combined with a weaker macroeconomic outlook and increased sensitivity to US interest rates, heighten the risk of negative spillovers to EMEs once US rates do start to rise in the United States”

 
GoldCore's picture

“Helicopter Draghi” Disappoints - Gold Rises, Euro Surges, Stocks and Bonds Battered Globally





Magic ‘Super Mario’, the ECB’s monetary magician, disappointed markets yesterday as continuing and unprecedented monetary easing failed to prevent a sharp sell-off in stock and bond markets yesterday which has continued today.

 
GoldCore's picture

Brexit: Was The Iron Lady’s Warning of EU ‘Superstate’ Correct?





She warned against a EU superstate by saying famously: "We have not successfully rolled back the frontiers of the state in Britain, only to see them reimposed at a European level, with a European superstate exercising a new dominance from Brussels."

 
GoldCore's picture

Gold Is Real Money That Protects The Wealth of Nations





“Do not believe in anything simply because you have heard it. Do not believe in anything simply because it is spoken and rumored by many. Do not believe in anything because it is found written in your religious books. Do not believe in anything merely on the authority of your teachers and elders.” - Buddha

 
GoldCore's picture

U.S. Mint Gold Eagles See Sales Surge, Silver at Record





Smart money continues to accumulate gold and silver coins. Demand for American Eagle silver coins has also been strong, with year-to-date sales already reaching an annual record at 44.67 million ounces, breaking the full-year record of 44 million ounces in 2014

 
GoldCore's picture

Gold Demand in China Heading For Record and Reserves Increase 14 Tonnes In October





While gold prices continue to languish in the doldrums and are on course for their worst month since 2013, global demand and especially Chinese retail, investor and official demand continues to remain very robust. Indeed, China looks likely to see a new record demand for gold annually again in 2015.

 
GoldCore's picture

Coming of Age: China’s Yuan Joins SDR Basket As IMF Reserve Currency





In a statement, the People’s Bank of China thanked the IMF for the recommendation and said it was “an acknowledgment of the progress in China’s recent economic development, reform and opening up”.

 
GoldCore's picture

Yet More Rigging By Big Banks – This Time It’s Interest Rate Swaps





They say people get the governments they deserve; well, they get the institutions and an regulators they deserve, too. Apathy is the greatest destroyer of liberty.

 
GoldCore's picture

Gold Market Goes Quiet - Do We Hear The Echo Of The Bottom?





“From the mass psychology perspective, Gold is very close to putting in a bottom.  Sentiment investors, contrarian investors and investors who are familiar with the concept of mass psychology should consider taking a closer look at the precious metal’s sector now”.

 
GoldCore's picture

Global Bond Markets: Where Did All the Liquidity Go?





The world is awash with debt. With central banks increasing their balance sheets through quantitative easing, simultaneously pushing down interest rates and taking huge chunks of the market out of circulation, investors have had to stray beyond developed market government bonds in search of yield.

 
GoldCore's picture

Soaring Global Debt – The Reality Check in Numbers





The debt to GDP ratio for the entire world is 286%.  In other words, global debt is almost 3 times the size of the world economy.  Both public and private debt are exploding and - despite what mainstream economists think - 141 years of history shows that excessive private debt can cause depressions.

 
GoldCore's picture

Mine Production Stagnates As Silver Coin Demand Hits Record High





"We've had 12 consecutive years of silver deficits" which "can begin to apply upward pressure to prices in subsequent periods" - Thomson Reuters

 

 
GoldCore's picture

Dark Days: Vulnerable Europe Faces Crisis of Confidence





From both a political and economic perspective, the terrorists could hardly have chosen a more vulnerable moment to strike, with Europe wearied by years of crisis, paralysed by political indecision and shipwrecked by incompetent policy.

 
GoldCore's picture

Bitcoin and The Blockchain - Banks Must Embrace Or “Die”





Editors Note: GoldCore believe that blockchain technology will revolutionise the world of finance, payments and money and may have an impact on the world on a scale of that of the internet. If you thought the “internet” was disruptive, well you ain't seen nothing yet ... the blockchain cometh!

 
Syndicate content
Do NOT follow this link or you will be banned from the site!