Category : Featured Content

Market News: $37 Billion of Gold Traded in London [Details]

A gold report was published yesterday, and its findings were eye-popping! Find out where $37 billion worth of gold is being traded.

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Has the Value of the US Dollar Peaked?

This weekend, a lot was said about the state of the US Dollar. But, what really lies ahead for it? Read on to find out.

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Indian demand for Gold dips

The mid-Diwali report we’ve been waiting for is out.  Gold demand in the Indian retail market dipped this quarter, resulting in a 43% drop in imports. As we’ve mentioned before, reduced retail demand is largely attributed to the decline in the value of the rupee, which is making all imports more expensive. Not surprisingly demand for silver […]

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Which Billionaires are Bullish on Gold?

Lots of investors follow what “the big boys” are doing, in the belief that somehow they know more.  Or understand things better.  Or both.  Right now the well-followed billionaires are split in their opinions on gold, at least so far as actually holding any.  John Paulson, head of Paulson & Co, is apparently still bullish on […]

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Brexit, France and GOLD

Opponents of Brexit predicted there would be unintended side-effects that folks weren’t considering in their computations.  One of them is coming true now. The Bank of France is partnering with JP Morgan Chase to offer EU central banks a place to trade their gold.  Traditionally that “chore” has been handled by London, specifically the Bank of England, who doubtless made money from “fees”. […]

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Why Gold Is Languishing?

Gold continues to drift down in New York morning trading, following the drubbing of US equity markets yesterday.  Why is gold falling in this circumstance – shouldn’t it be rising when the stock market is falling?  The easy answer is No, but the more truthful answer is No.  The stock market goes up and down in relation to how […]

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Why London’s Blocking of Venezuela Gold Matters

Last week we pointed you at an article about BoE blocking the transfer of gold to Venezuela.  A few alert readers wrote the author, asking “why does this even matter?  It’s not THAT much gold, right?”  Well, yes and no.  It matters if you think $550 million is a lot of money – around here we could do […]

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What life would be like if Gold was used as money

Gold bugs and libertarians alike dream for a world where gold is used as money.  “No fiat currency” is a common sentiment, reflecting the historical truth that no government-issued currency lasts forever.  Even the mighty Roman whatever isn’t legal currency anymore… though if you have one in good shape it’s a nice little collector’s item. (By the way, the correct names […]

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The Bank Of England refuses to return $550 million in gold bars

The Bank of England has refused to return about $550 million in gold bars to Venezuela.  One London newspaper pointed at Nicolas Maduro, President of Venezuela, citing concerns that the gold may be “[sold] for personal gain.” Washington has already imposed trading sanctions against Venezuela, accusing Madura’s government of “looting” the country’s assets. The Venezuelan government says it is working toward becoming a major […]

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How is Gold reacting after the midterm elections?

Well, you survived it. Months of campaign ads, haranguing, debating, and general buffoonery are finally over. Now we get back to the real business of our elected leaders – vying for 10-second spots on the evening news, suing each other, and trying to buy your vote with your kids’ money. For gold, in the near […]

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