Gold investment in Germany remained very robust and UK demand rose significantly from low levels as smart money diversified into gold ahead of the Brexit referendum.
'Peak Gold' is happening which has important ramifications for the gold market and is another long term positive fundamental. This is why we were one of the
The Financial Timespublished an interesting article today in which Diego Parrilla, author, investment expert and precious metals specialist, outlines the positive case for gold and why the gains seen this year are just the beginning of a new gold bull market.
Irish banks vulnerable in stress tests: AIB/ BofI amongst worst 5 banks in EU (see table). Ulster Bank’s parent RBS emerged as 2nd worst bank in Europe.
Sterling fell sharply on markets and gold rose from £1,014/oz to over £1,036/oz where it remains this morning. Ultra loose monetary policies are now even looser after the BOE cut interest rates for the first time in more than seven years and launched a bigger-than-expected package of monetary measures.
Gross, the founder of and ex boss of the largest bond fund in the world PIMCO, now manager of the Janus Global Unconstrained Bond Fund, saysbuy goldand warns of the risks in the bond market.
Astounding levels of debt in the western world in particular is the greatest financial, economic and monetary challenge facing the world today. To get debt under control is imperative.
Gold bullion was up 1.6% and silver surged 3.7% yesterday, their second consecutive day of gains, after U.S. durable-goods orders dropped sharply, adding to speculation that Federal Reserve policy makers will maintain ultra loose monetary policies. Gold and silver consolidated on those gains in Asia and in early European trading.
Gold is in a bull market for a number of reasons including political risk and there is "every reason for it to continue" according to Dominic Frisby writing in the UK's best selling financial publication Money Week.
Non Performing Loans on the balance sheets of Italian banks represent over 8% of the total loan portfolios; some analyst fear that this is set to grow to a whopping 15% in the near future.