Category: Daily Market Update

23
Feb
2017

The Oscars – Worth Their Weight in Gold?

The Oscars – Worth Their Weight in Gold? 89th Oscars to air this weekend Oscars have been dipped in 24 karat gold since 1929 If the Oscars were made of solid gold they would weigh 330 ounces 330 ounces of gold is worth $408,210 at today’s prices (nearly €400k & £330k) Only some $630 worth […]

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22
Feb
2017

Gold To Rise – Inflation Rising and Real Chinese Gold Demand Higher Than “Official”

Frank Holmes joins Lawrie Williams, Koos Jansen and many others in questioning the “official” Chinese gold demand numbers. Real gold demand is likely much higher than the official numbers by Frank Holmes Inflation just got another jolt, rising as much as 2.5 percent year-over-year in January, the highest such rate since March 2012. Led by higher […]

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21
Feb
2017

Russia Gold Buying Is Back – Buys One Million Ounces In January

Russia Gold Buying Is Back – Buys One Million Ounces In January Russia gold buying returned in January with the Russian central bank buying a very large 1 million ounces or 37 metric tonnes of gold bullion. The increase in the gold reserves came after Russia did not buy a single ounce in December – a […]

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20
Feb
2017

Gold The “Ultimate Insurance Policy” as “Grave Concerns About Euro” – Greenspan

“The eurozone isn’t working …” warns Greenspan “I view gold as the primary global currency” said Greenspan “Significant increases in inflation will ultimately increase the price of gold” “Investment in gold now is insurance…” Source: Getty Alan Greenspan, the former head of the Federal Reserve has warned that the euro may collapse, saying that he has […]

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17
Feb
2017

Every Citizen Should Own 3.5 Ounces of Gold Bullion – Central Bank

Central bank governor has “dream” for every citizen to own at least 100 grams of gold bullion Governor of Central Bank of Kyrgyzstan said the central bank had sold around 140 kilos of gold bullion to the domestic population already Central Asian country’s central bank continues to diversify into gold bullion “Gold can be stored for a […]

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16
Feb
2017

Gold Is Undervalued – Leading Money Managers

Gold is undervalued according to a record number of fund managers Last time gold was considered undervalued, the price surged BAML surveyed 175 money managers with $543 billion in assets under management 34% of investors believe protectionism is the biggest threat to markets Gold viewed as the best protectionist investment by a third of investors Gold in […]

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15
Feb
2017

Silver Price To Surge As “Investors and Users Fighting Over Available Physical Supplies”

Silver Price To Surge As “Investors and Users Fighting Over Available Physical Supplies” One of the world’s foremost silver analysts Theodore Butler has elaborated on another “powerful” bullish factor which “screams at us to buy silver”. Mr. Butler is one of the leading experts on the silver market and he elaborates on his very positive outlook […]

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14
Feb
2017

Jim Rogers Buying Gold Bullion On Dips

Jim Rogers accumulating gold bullion on dips “Get prepared” as “we’re going ‘to have the worst economic problems we’ve had in your lifetime or my lifetime’ Warns that Trump and his team are “very, very keen to have trade wars with China and other people” History shows trade wars lead to real wars Cashless Society – […]

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13
Feb
2017

French Election Could See Euro Break Up – New Global Crisis

David McWilliams, economist, writer and journalist, has warned that the coming French election may lead to the euro breaking up and that Ireland should have a ‘plan B’ and ‘print punts’ in order to be ready for the collapse of the “single currency.” David McWilliams at Ireland’s Banking Inquiry McWilliams writes This time last year, only […]

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10
Feb
2017

Gold Prices Up 5.8% YTD – Trump ‘Honeymoon’ Ends

Gold prices continued to shine this week reaching $1,244.70 per ounce and and has posted gains in five of the last six weeks. This week it reached a new three-month high – it’s highest since the Trump win and has climbed over 6% this year, beating the gains made in the same period in 2016. […]

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