Blog Archives

Silver Buyers Keep Stacking And Demand Higher Despite Falling Prices

Quoted today in Bloomberg News, Mark O’Byrne, director of GoldCore said that “sentiment remains quite bad in the silver market.” However, we believe both gold and silver remain undervalued and are in the process of bottoming. We remain confident gold and silver will see new record highs in the coming years. Both will continue to act as hedges and safe havens against the considerable risk in the world today. Recent research and charts on silver hereRecent interview – ‘Get REAL: Silver

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U.S. National Debt Surges $1 Trillion In Just 12 Months … Meanwhile FOMC “Tweaks” Wording

The U.S. financial position continues to deteriorate badly and in the last 12 months has increased by over $1 trillion dollars.

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Gold Demand In India Nearly Triples As China Launches Global Gold Bourse This Thursday

Gold Webinar – Your Questions & Answers’

Today September 16, 2014 at 1300 EST, 6pm BST > See here

Indians Prepare To Buy Gold At Diwali 

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“I Want To Be Diversified, I Want To Own Some Gold” – Faber

“I Want To Be Diversified, I Want To Own Some Gold” – Faber

Veteran investor Marc Faber, author of The Gloom, Boom and Doom Report, reiterated the need for gold in a diversified portfolio when interviewed last week on CNBC.

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Panic On The Streets Of London … Can Scotland Ever Be The Same Again?

There has been much speculation this week about how the UK’s gold reserves would be affected if an independence result emerges. The UK Treasury said that all Treasury reserve assets would be up for negotiation. Since this is a very general statement it does not provide much clarity as to whether an independent Scotland would be able to take any of the UK ‘s gold reserves, but this did stop various media outlets from appearing to think that Scotland would get its share of the UK gold. The fundamental reasons to own allocated and segregated gold remain intact.

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China Holds “Gold Congress” – Positioning Itself As Global Gold Hub “In China, Gold Is Money”

With increased regulatory scrutiny on the London gold and silver fixings and what looks like a defensive attempt by the LBMA in London to protect their proprietary gold and silver price discovery auctions via the recently introduced CME/Thomson platform for silver and probably soon to be introduced similar CME platform for gold, it will be interesting to see how the Chinese government’s pro-gold strategy pans out.

We may soon see global gold hub wars between London and New York on the one hand and the increasingly powerful eastern hubs of Singapore, Shanghai and Beijing on the other.

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Russia And Iran Put Oil-For-Goods Deals Into Motion As Iran Signals Similar Arrangements Coming With China

As the world powers square up over sanctions and energy reserves, while using oil-for-goods deals to bypass US dollar settlement for oil transactions, the geo-political ramifications for the status of the US dollar as the world’s reserve currency  look to be on increasingly shaky ground.

A breaking of the stranglehold of the dollar on international oil transactions could usher in a number of transaction substitutes such as the Euro, the Yuan, and also the international currency of gold.

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Macro Factors Dominating Gold Price As US Dollar Outweighs Physical Demand And Investor Flows

The Indian festival and wedding season is fast approaching however, which is always seen as a positive factor in the annual cycle of Indian gold demand. The major festival of Diwali is on October 23, while the end of year wedding season peaks in November and December.

The wedding season is important since in traditional Indian society, gold is given as wedding gifts as well as being a source of demand for wedding jewellery.

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As ISDAFIX Becomes Next Libor, Can GOFO Manage To Avoid The Spotlight?

 

 

 

The new LBMA code of conduct for submitting GOFO data contains some very clear recommendations to the market makers including “data should be submitted consistently and not selectively in order to mislead the market” and “data should not be submitted to manipulate the market in any way”.

All very good. But it would not be surprising to us if it becomes apparent that the GOFO data and the additional gold forward rate data has been subject to the same type of price manipulation as has been found with LIBOR and that has been alleged with ISDAFIX. We hope not, but it remains to be seen what, if anything, the regulators report back on.

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Blockchain Promises To Be As Disruptive A Technology As The Internet

The technology is known simply as “blockchain”. In origin, and partly in design, it is similar to the original methods of accountancy dreamed up by the the first international traders thousands of years ago. This modern day incarnation of those hallowed concepts is infinitely more practical, dynamic and accessible to the computer-clad and hyper-connected people of today.

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ECB Meets To Tackle Deflation While Ignoring Shrinkflation

The coming inflationary shock is unpredictable, but once ‘shrinkflation’ turns to open price inflation, then it may be too late to insulate financial assets and portfolios. Gold has always acted as a hedge against inflation. That is one of its main properties. That is also why gold should be part of a prudent investment portfolio in the coming high inflationary environment. (more…)

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Scotland Independence Risk Sees British Pound Dive

Savers in sterling, whether the UK remains as is or fractures, are at risk of a weaker currency environment. Diversification of a percentage of one’s savings out of pounds and  into gold will act as a hedge against currency volatility and act as a store of value in an environment of depreciating paper currencies.


Gold in GBP – 1 Year (Thomson Reuters)

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