Cavatoni said that central bank gold demand has completely transformed the marketplace as nations continue to diversify away from the U.S. dollar. The Federal Reserve aggressively raised interest rates at its fastest pace in more than 40 years this past year, the gold market still managed to trade around $2,000 and even carved out a […]
Gold Is Poised for New All-Time Highs in 2024 – World Gold Council Read More »
“Precious metals will always be in demand,” said Hegarty. “You can never ever, ever have enough gold. Gold will always be in demand because it’s both a commodity and a currency. Hegarty noted that it’s both a hedge against inflation and geopolitical uncertainty. Peace, happiness, and kindness haven’t broken out completely around the world at this
‘You Can Never Ever, Ever Have Enough Gold’ – EMR Capital’s Owen Hegarty Read More »
Summer will be gold’s time to shine, according to metals strategists at Bank of America. Metals and Mining Outlook for 2024, the BofA analysts said that while the war in the Middle East has boosted gold in the near term, “the yellow metal ultimately remains a trade on rates, so once the Fed announces a decisive
Hundreds of years of history show that global power shifts disrupt the monetary order on average every 75-100 years. Looking at just the last 100 years, the U.S. has experienced several major shifts in the Monetary Order. In 1933 President Roosevelt initiated a recall of gold from the public. In 1934 he devalued the U.S.
‘De-dollarization’ – Understand the Changing Global Monetary Order Read More »
People constantly ask, “Why is gold valuable?” The Allure of Gold Gold has long captivated individuals and societies with its unique qualities and historical significance for thousands of years. Gold was first used in jewelry by the Egyptians around 5000 BCE. The Sumer civilization around 3000 BCE also used gold jewelry. Gold chains were
Why is Gold Valuable? – Gold’s Value, History, & Timeless Allure Read More »
According to Ing, the biggest global economic threat is growing debt problems in the U.S. Since 08 the supply of Treasuries has risen 5X to more than $25 trillion. One of Toronto’s oldest boutique investment firms is warning investors that gold could be a good asset to own as the world faces significant threats in
Investors Will Want to Own Gold as ‘America Faces a Debt Reckoning’ Read More »
China topped up its gold holdings for a 12th straight month in October, adding to a wave of purchases by global central banks that’s lent support to bullion prices. Stockpiles of gold reported by the People’s Bank of China rose by about 740,000 troy ounces in October, according to official data released Tuesday. That’s equivalent
China Extends Run of Gold Buying That’s Helped Support Prices Read More »
The BRICS Currency linked to a basket of commodities could offer stability and attractiveness that could outshine established currencies like the dollar. The presence of a stable alternative to the US dollar could lead to a reevaluation of global economic dependencies and power structures. According to Glazyev, the BRICS currency, which is near completion and
Why BRICS Currency Would Outshine the US Dollar Read More »
While geopolitical uncertainty is important for gold, there are other factors we need to pay attention to: growing fears of a credit event leading to a recession. The chaos in the Middle East caused by the Israel-Hamas war is providing solid momentum for gold but there is more going on in the market than just
The Gold Market to Jay Powell: ‘Bring It On’ Read More »
Gold prices continued to shrug off rising rate hike expectations and skyrocketing Treasury yields as they remain near $2000 per ounce, and while silver’s low prices supported coin sales, the precious metal remains oversold, according to analysts at Heraeus. US Mint silver American Eagles “Cumulative sales year-to-date (including the first two weeks of October) were
