Gold

Idaho Legislators Aim to Protect State Funds with Gold and Silver

By Jp Cortez The recent explosion of money printing and debt-funded spending by the U.S. in response to the Covid-19 pandemic has sparked a renewed interest in the key role gold and silver play in hedging against systemic risks. That’s why a group of Idaho legislators are working to secure a role for the monetary…

Indian Gold Market Shows Signs Of Revival

Via SchiffGold.com, India ranks as the second-largest gold consuming country in the world, second only behind China. But over the last couple of years, the gold market in India has languished due to a combination of record-high gold prices in rupee terms and the economic impacts of the coronavirus pandemic. But there were signs of revival in…

Chinese Rescue Teams Race To Free 22 Miners Trapped By Explosion At Shandong Gold Mine

Chinese rescue teams are in the midst of planning an escape route to help free trapped gold miners in the country’s Shandong province.  The miners became trapped in the mine 10 days ago after an explosion. The rescue team has now drilled new holes and is preparing a passage to try and free the miners,…

American Gold Eagle Sales Up 455% In 2020

Via SchiffGold.com, Demand for physical gold and silver surged last year as smart investors sought safe haven from a record-breaking expansion in the money supply, record federal budget deficits, and quantitative easing set to infinity. Sales of US gold and silver bullion coins at the US Mint hit a 4-year high in 2020. The Mint sold 884,000 ounces…

Adopting A Gold Standard Would Promote Fiscal Discipline

Authored by James Caton via The American Institute for Economic Research, Many are surprised to learn that famed central banker Alan Greenspan has been a longtime supporter of the gold standard. But the record is clear. Greenspan published an essay in support of a gold standard with unregulated banking titled “Gold and Economic Freedom” in…

Blood Gold – Dubai's "Gold Hub" & The Swiss Connection

Authored by Peter Koenig via GlobalResearch.ca, The Middle East Eye reports there are no gold mines under Dubai’s sands with artisanal miners or children toiling away trying to strike gold. But there is the Dubai Gold Souk and refineries that vie with the largest global operations as the United Arab Emirates (UAE) strives to expand its position as a major…

Gold – The Other Santa Claus Rally

By now, most Robinhodlers are likely aware of the US equity market’s “Santa Claus Rally” – specifically what happens over the last five trading days of the year and the first two of the next. Coined by Yale Hirsch, founder of the Stock Trader’s Almanac, there isn’t a single seven-day combo out of the full year…

Alarming Developments in GLD ETF Reaffirm Need to Own Physical Gold

By Clint Siegner The world’s largest gold exchange traded fund (ETF) seems to be having a lot of trouble when it comes to accounting. The SPDR Gold Trust (GLD) recently appointed its 6th chief financial officer since 2014. And the problem of finding and keeping executives who are willing to certify the Fund’s accounting does…

Goldman: Bitcoin & Gold "Can Coexist"

The last few weeks have seen a dramatic divergence in the fortunes of gold and bitcoin as a wide range of strategists and talking heads note that “there also seems to be an increasing demand to use Bitcoin where Gold used to be used to hedge Dollar risk, inflation and other things.” In recent weeks…

South Carolina Bills Would Cut Taxes On Gold And Silver, Support Sound Money

Via SchiffGold.com, Three bills prefiled in the South Carolina House would cut taxes on precious metals and take important steps toward treating gold and silver as money instead of as commodities. Passage of these bills would also set the stage to undermine the Federal Reserve’s monopoly on money. South Carolina is the first state to…

UK Supreme Court Accepts Guaido’s Appeal For Control Over BoE’s Seizure Of Venezuelan Gold

Back in November 2018, the Bank of England refused to release Venezuela’s gold holdings due to its insistence that standard measures to prevent money-laundering be taken – “including clarification of the Venezuelan government’s intentions for the gold.” “There are concerns that Mr. Maduro may seize the gold, which is owned by the state, and sell it for…

Dollar Drops As Gold & Crypto Pop On Fed Flop, Washington Slop

Close to close prices hide what was a very noisy day in the markets with bonds, the dollar, and the broadest stock index flat-ish until some last minute malarkey. Headline hockey between The Fed “flop” – not delivering the QE Twist that so many had hoped for (but promising more will come) – and the…

Bonds & Black Gold Bid As Negative Nabobs Battle New Issue Nirvanans

Another day, another astoundingly exuberant bid for an IPO as AirBnB opened with one of the biggest pops ($146 vs $68 IPO) since 2008 seemingly confirming JPMorgan’s “market nirvana” argument. But, “on the other hand” – as CNBC might say – stimulus doubts and vaccine take-up uncertainty (as well as extremes in sentiment and positioning)…

Von Greyerz: The Next Gold Rush Is Here

Authored by Egon von Greyerz via GoldSwitzerland.com, You have been warned. The Biden – Yellen (BY) nightmare dream team will fulfill our worst fears of deficit spending, debt explosion and dollar collapse. Not that a Trump win would have been that much different since the die had already been cast long ago for the final decline of…

Is The Gold Sell-Off Over?

Authored by Alasdair Macleod via GoldMoney.com, The dramatic sell-off of the last few weeks ended on Monday morning when gold spiked down to an intraday low of $1765 (silver $21.90). But in morning trading today in the European time zone gold was at $1843, up $56 from last Friday’s close, and silver at $24.28, up…

Central Bank Of Uzbekistan Introduces Parallel Currency: Gold

Submitted by Jan Nieuwenhuijs, the Gold Observer Since November 2020, the central bank of Uzbekistan (CBU) issues sealed gold bars with a QR-code for real time verification. With these new bars CBU aims to stimulate gold to be used as a store of value, as well as promote the circulation of gold. More and more…

Don’t Let the Silver (and Gold) Bull Shake You Off!

By David Smith Gold and silver exchange-traded funds (ETFs), a measure of large investor interest, are experiencing outflows as opposed to an almost interrupted inflow over the last few months. Mining stocks which either look for or produce these metals have been moving sideways, testing the “mettle” of even perma-bulls. Many investors see these as…

Gold, Stocks, & Bond Yields Surge As Dollar Purge Continues

Since the election, and the ongoing roll out of Biden’s nominees for economic and policy teams, the dollar has been on a one-way streak lower… Source: Bloomberg The dollar is unchanged versus its fiat peers since Jan 2015… Source: Bloomberg And it appears the plunge in the dollar is being recognized by gold enthusiasts who…

Globalists Poised for a “Great Reset” – Any Role for Gold?

By Stefan Gleason Although the apparent results of the 2020 election are still being contested, members of the global ruling elite are already looking forward to a post-Trump era in American politics – and a post-vaccine world economy. They have encapsulated their policy agenda for 2021 and beyond into two words: “Great Reset.” The notion…

Global Inflation Watch – The Case For Gold As Future Money

Authored by Alasdair Macleod via Goldmoney.com, This article posits that fiat currencies are on the path to hyperinflation and looks at the evidence in the prices of financial assets and commodities. So far, gold has notably underperformed, which indicates that the early signals of hyperinflation are confined to the cryptocurrencies, whose participants broadly understand fiat…

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