[heading]Gold Demand In China Will Rise 25 Percent Over Next Four Years[/heading]
Everyone has heard the murmurs regarding increased gold demand. Most people think that those buying gold are a bit crazy. In the US, just a small chunk of the population – less than 1% probably – have bought gold.
In China, the story is must different.
[heading]Gold Price Lower After Easter Holiday[/heading]
After a price rise and signs of bullishness, gold has fallen to a two-and-a-half-week low due to thin trading after the Easter Holiday.
Gold’s price was hurt in part by technical selling after it could not hold the $1,300 an ounce level with many people foreseeing a bottom at $1,280.
“One aspect is that the market is pretty thin today and liquidity is going to be constrained,” said Victor Thianpiriya, an analyst at ANZ.
[heading]Is Palladium Going To $1,200?[/heading]
Palladium has risen to its highest level since 2011 due in part to escalating tensions in Ukraine, in particular that the supply of palladium from Russia, the world’s biggest producer, will be restricted. In 1999-2000 palladium ran to $1,200. Could it be heading to its old high?
Politicians and banks are suggesting increased sanctions against Russia’s banking and finance system, worsening the situation and increasing the likelihood that supply will be cut off.
Palladium has increased 13 percent this year as the threat of disruption to Russian exports added to supply concerns amid a miners’ strike in South Africa, the second-biggest producer. The introduction last month of two-exchange traded products backed by the metal tried to temper the volatility.
2013 was a year in which the US Mint saw American Silver Eagle coin sales break record after record. Ultimately, the US Mint sold 42,675,000 coins, 26% more than it had sold in 2012, marking a new yearly record.
Soft precious metals prices have stifled some demand, although March did see the Mint sell 5,354,000 silver American Eagles, which is 30% more than it sold in February and 59.5 percent more than buyers purchased in March 2013, according to CoinNews. Marking the MInt’s fourth biggest sales month in history, it trails only:
[heading]Secession Movements & Precious Metals[/heading]
The winds of independence are blowing throughout the world, and nothing could be better for our future. This host of succession movements is sweeping over the world, from Crimea to Venice to the US and has major implications for the future of life on earth.
WHY?
One common thread between governments is wanton printing by central banks. Part of the reason why the US has done so well since the 2008 banking nadir has everything to do with the fact other central banks are printing just as much or more of their own currencies. What does this mean? It means that these countries’ currencies are growing weaker in relation to assets like real estate, precious metals, minerals and other commodities and resources. But, since the price of these resources and commodities are tied to paper “ETF” products, their prices are fundamentally distorted anyway.
[heading]Mt. Gox Is Finished & Bitcoin Is Stronger Than Ever[/heading]
First appeared at Dollar Vigilante
Mt. Gox is dead. There is not much a chance they will be able to overcome the press of the past four months and re-establish themselves as a trustworthy bitcoin wallet and exchange. And they haven’t even gone bankrupt yet.
For that reason, bitcoin is now stronger than ever. Although mainstream press outlets may give you a different, false idea.
They say there are only two sure things in life: death and taxes. At least one of these is true for bitcoin: taxes.
As for death, of that we’re not so sure.
So, as transaction volume balloons, regulations in Europe come down, and prosecutions in the case of Ross Ulbricht do too.
[heading]Gold Drops $10 In 10 Seconds As Britain Announces Gold Manipulation Investigation[/heading]
What happens when you open up an investigation into the gold market? The price drops $10 in 10 seconds.
With investigations by the CFTC into the silver market fading in the US, regulators in Britain have decided to review whether global benchmarks tied to gold trading were manipulated. This investigations is a part of a larger investigation of potential manipulation of the $5 trillion a day currency market, Libor.