There is no smell here: metal has none. There is no noise, either, on account of the vaults’ thick concrete walls. What there is, however, is one of the world’s most important traded assets. Deals are still done in gold in almost every country in the world. Its price is a crucial barometer for consumer confidence. Prices rise when markets are uncertain, and before US elections – like now.
"Silver’s bull run looks like it has legs ..." Silver has so much more to give according to Bloomberg in an interesting article replete with 5 must see silver charts.
"Silver’s bull run looks like it has legs ..." Silver has so much more to give according to Bloomberg in an interesting article replete with 5 must see silver charts.
China launched yuan denominated gold bullion trading today in a move that will further boost its power in the global gold and fx markets. Critics of the existing pricing mechanisms hope that it will lead to increased transparency and may end price manipulation.
Marc Faber has warned that a new financial crisis is coming and will be worse than the 2008 one and warned that the “messiah” central banks “helicopter money ” policies “will not end well ...”
Longer term the inflation adjusted 1980 high of $150/oz remains realistic – especially given the increasing use of silver in various industrial application and silver’s increasing investment demand – with silver continuing to be seen as the cheaper, better value, alternative to gold.
Diversification of deposits remains vital and one important way to protect against bail-ins is owning bullion. Taking delivery of gold andsilver coinsand bars or owning bullion in allocated and segregated storage in the safest vaults in the world is a prudent way to protect against bail-ins.
The Perth Mint’s sales of silver coins and especially Silver Kangaroos surged again in March and saw the second highest levels of silver coin demand on record as silver buyers in the western world continue to accumulate silver at what they believe to be depressed silver prices.
One of the largest, the purest and rarest gold coins in the world – the first ‘million dollar coin’ which at today’s market prices is valued at $5.36 million (USD), €4.85 million (EUR) and £3.8 million (GBP) has come on the market and is now on sale.
ICBC becoming a new LBMA market maker in the gold market, while expected, is an important development and again shows China's intent with regard to becoming a key player in the global gold market.
Silver was battered so low in recent years’ gold bear that it’s spent 2016 trading near stock-panic levels relative to gold. Such super-low prices aren’t sustainable, so silver is due for a massive mean reversion higher
Sterling fell 20% on BREXIT concerns and the euro fell 11% against gold. Canadian dollar fell 10%, Aussie dollar fell 9% & Swiss franc fell 12% against gold
BlackRock Inc. have joined Pacific Investment Management Co. (PIMCO) in recommending inflation linked bonds and gold, warning costs are poised to pick up and there is a growing risk of inflation.
