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Posts tagged as “Gold”

Why Buy Silver Now That Biden is President

When people think of precious metals investing, usually an image of gold bars or coins comes to mind. However, this initial idea does not begin…

Gold And Silver Remain In The Early Stages Of The Next Bull Market

The financial world has turned its attention to gold. Gold has flirted with $2,000 an ounce, and silver has reached $26, before corrections. Meanwhile, as the mainstream press is urging the public to stay away from gold, the U.S. Mint announced it would be shutting down some of its production. But that’s perhaps not even the biggest news out of the precious metals markets.

#23: Kofi Adusei

Afrikanus Kofi Akosah Adusei (Frisco d’Anconia) is a journalist by profession and a Free Market Policy analyst. Through Africa Youth Peace Call which he founded…

#7 Bill Murphy

Bill Murphy, a former American professional wide receiver who played one season in 1969 for the New England Patriots, has for decades been a financial…

Precious Metals Markets Face Logistical Challenges

The gold and silver market could face logistical challenges as part of the fallout from the coronavirus crisis.  Mints, such as the Royal Canadian Mint, have made headlines as they’ve closed. Some have speculated that mine and mint closures due to efforts to slow the spread of COVID-19 could create supply shortages.

Silver Breaks Through $17.00. What to Expect in 2020.

Silver prices are trading at $17.04, up 0.65% on the day.

That comes on the heels of the U.S. and China announced on Friday that a limited trade deal had been reached.

Yet, silver trails gold in terms of gains in 2019. While gold is almost up 15% in 2019. The 200 EMA is at 17.14, which is below resistance at 17.25. The 50-day EMA is 16.72.

Blockchain.com, Coinshares Launch Gold-Backed Token

DGLD, a network which claims to have over $20m in investment grade gold allocated in Swiss vaults and secured using Bitcoin, launched and is now available for purchase on Blockchain.com’s cryptocurrency exchange, The PIT.

DGLD, which was created by CoinShares, Europe’s largest digital asset manager, and Blockchain.com, and MKS (Switzerland), is a digital asset or token which, at creation, represents 1/10th of a troy ounce of physical gold stored in Swiss vaults for which token holders can swap or physically redeem.

The Rich Are Buying Physical Gold Bullion in Preparation for Recession

The rich are buying physical gold bullion, coins, and bars, according to Goldman Sachs.

“I think gold’s going to $2,500, $3,000 an ounce in the 2020s because the climate—the landscape for gold is so hugely supportive.” Paul Schatz, Heritage Capital president, told Yahoo Finance’s On The Move. Goldman predicted $1,600 gold by 2020.

Goldman Sachs is Bullish on Gold in 2020

After a strong first nine months of 2019, gold peaked at a nearly 25% gain at the onset of September. Goldman Sachs remains bullish on the yellow metal.

Mitsubishi Head of Business Dev: “Smart Money” is Turning to Gold as a Hedge

Central banks continue to buy gold after a summer rally that stalled as the calendar turned to fall. The latest Mitsubishi precious-metals update says many factors could sour 2020, and so therefore “smart money” is looking to gold as a hedge.

“Illustrating lingering macroeconomic concerns, the importance of diversification away from dollar assets and tail risk hedging, central banks around the world have continued to be net buyers of gold: November saw Turkey, Russia, Poland and newcomer Serbia (which bought 9 tons of gold) all add to their holdings of the yellow metal,” wrote Mitsubishi head of business development Jonathan Butler.

Chair of Slovakia’s Biggest Party: U.K. “Can Hardly” Be Trusted with Nation’s Gold

Slovakia’s former premier told parliament it should force the central bank to repatriate the nation’s gold, which is stored in the U.K. He said history has shown that allies “can hardly” be trusted.

Ex-Premier Robert Fico now chairs the biggest party in Slovakia. He seeks a special parliamentary session on the issue, claiming the gold isn’t safe in the U.K. because of Brexit and a possible global economic crisis.

Poland Repatriates 100 Tons of Gold from Bank of England

Poland repatriated approximately 100 tons of gold from the Bank of England to demonstrate the strength of the nation’s $586 billion economy, according to central bank Governor Adam Glapinski.

The institution also brought 126 tons home in 2018 and 2019, increasing its gold reserves to 228.6 tons. The country is now the 22nd largest bullion holder in the world and holds the biggest reserves of the metal in the European Union’s east, according to the central bank.

Goldman Sachs Bullish on Gold for 2020

Goldman Sachs has a bullish outlook on gold. Analysts at the investment bank see prices pushing to $1,600 an ounce next year. The price of gold currently sits at $1459.62. That is a nearly 10% gain from present day prices. December gold futures are trading at about $1,456.70 an ounce.

Gold Reverses as Global Stock Markets Gain Momentum

Spot gold hit a six-year high late last week. It is the first time since April 2013 prices soared so high – peaking at a value of $1,5334.31 an ounce. Due to this price bump, US gold futures rose by roughly 1.3% to $1,537 an ounce. Despite the positive momentum, these high levels could not be sustained over the weekend.

Several factors drive the current and future value of gold and silver. Weakness in the Argentine Peso, civil unrest in Hong Kong, and the US-China trade war has forced investors to seek safehaven.

Fed Could Cut Rates as Gold Hits Three Month High

Top Federal Reserve policymakers might cut interset rates if trade tensions continue to get worse.

Fed Chair Jerome Powell and his No. 2, Richard Clarida are watching disputes between the US and its trading partners. The next meeting of the Federal Open Market Committee takes place June 18-19, with Clarida noting that the Fed “can’t be handcuffed” by market pricing.

Geopolitics Driving Gold

(Gold Silver Bitcoin) President Trump warned last week of a  “major, major conflict with North Korea”. He said he’d rather do things diplomatically, though it’d…

11 Killed in Gold Mine Accidents in Central China

(GoldSilverBitcoin) – 11 people were killed in accidents in two neighboring gold mines in central China’s Henan province on Friday. The thick smoke engulfed a…

China & Russia are Stockpiling Gold



Gold refineries in Switzerland sent a record amount of gold to Shanghai last December, and Russia is buying gold in droves as well, as the United States experiences a time of tumultuous politics and the european banking system is reported to be on the verge of collapse.

Figures released at the end of January by Federal Customs Administrations showed that Switzerland, a world leader in gold production, sent 158 tonnes of gold to China, a five time increase over November’s sum and nearly three times the volume in December 2015.

2017 Might be Your First Chance to Tip the Moon thanks to Dogecoin



“To the moon!” That’s the cliche slogan for so many digital currencies, perhaps made most famous not by Bitcoin, but by , whose users since the beginning have proudly proclaimed the slogan.

Royal Mint Experimenting with Blockchain-based Gold Trades



The Royal Mint partnered with markets operator CME Group to build a gold market with blockchain technology as a means of broadening London’s hip-factor when buying and selling gold bullion.

The Roya Mint, owned by taxpayers, plans to accept trades from the middle of next year on the Royal Mint Gold platform, intended to log each transaction using blockchain.

Islamic Financial Institutions get Standard for Gold Products




Islamic Institutions, which follow guidelines issued by a Bahrain based group, now have a new sharia standard for gold-based products so as to incorporate bullion into Islamic finance.

Gold has long been seen as currency in Islamic finance. Investors, however, have yet to speculate on its future value since no clear policy on how to trade gold.

£100 million in Hitler’s Gold found in Nazi Shipwreck

Adolf Hitler’s lost gold has been found, according to a British diver in the  Baltic sea. The ocean explorer’s claims he found gold the Nazi’s stole as they ransacked Europe during World War II horrors.

The discovery is reported to approximate £100 million, has been sought by treasure seekers time-and-time again never to be found…until now.

Australia Gold Miners Are Digging Deep on Weak Australian Dollar

A weak Australian Dollar has led gold miners there to dig deep, according to quarterly production figures.

In the third quarter, the second largest gold miner after China, Australian output increased 3 percent or 2 tonnes (64,301 troy ounces) to 75 tonnes over the same period from the year prior. This despite heavy rainfall which flooded some pits and derailed operations, according to Melbourne-based Surbiton Associates.

Precious Metals Are The Big Losers Headed Into the Weekend

Markets did not know what to do after election results poured in, although many markets had been pricing in a possible Trump victory for about one month prior to the election, as polls were too close to call and also the accuracy of many mainstream polls were thrown into question.

Gold futures fell precipitously Friday, their lowest finish since June, thanks to strength in the U.S. dollars and equities. The Federal Reserve, according to many analysts, might increase interest rates next month. The main reason for precious metals decline is similar to why global currencies have fallen: the strength of the dollar.

DNA Nanowires Coated with Gold Might Allow Bio-Computers

Can computers be made of cells? That’s what scientists in Germany (Bezu Teschome and Artur Erbe of Helmholtz-Zentrum Dresden-Rossendorf) look to discover with work published in the journal Langmuir.

The want to know if their way of coating DNA-based nanowires in gold can conduct electricity. The proof-of-concept wires might allow DNA circuits and genetic computers to self-assemble through molecule growth.

“The main advantage here is the complexity you can create on the nanoscale with these circuits,” Erbe told Seeker.

Gold Price Volatile Post-Election: What does it mean?

Gold prices increased 5% as election results rolled in and declared Donald Trump the U.S. presidential elect, and on November 9th skyrocketed to $1,330 before a hard correction to pre-election levels. The yellow metal currently sits at $1251.30 heading into Friday morning eastern standard time in the US.

Best Gold And Silver Affiliate Programs

Make money today, sell gold. You can set up affiliate links on your gold related website – or any website – and possibly start earning today but probably not.

China Changes 2016 Precious Metal Coin Designs After 2015 Failure

GoldSilverBitcoin – People’s Bank of China will release on October 28, 2015 the 2016 Panda coin set.

The coin’s pattern will show the Beijing Temple of Heaven, and feature the country name, reign. The reverse patterns will show a panda climbing a tree, published denomination, weight and fineness. This is different from the 2015 version, which left out weight and fineness, and troubled many precious metals dealers due to this lack of detail.

“I won’t sell it,” one wholesaler told me, who chose to remain anonymous. “Without the date, fineness, and all the details you normally get on not only a government issued coin, but also a private coin, I wouldn’t trust it.” Chinese Pandas are already known as one of the more counterfeited coins on the market.

Was Gold Found On Those 22 Shipwrecks Found in Greece?

GoldSilverBitcoin – In many shipwrecks, gold is among the items found on-board a fallen vessel. For goldbugs, that is what makes a recent shipwreck discovery in Greece so intriguing.

A joint Greek-American archaeological expedition in the small Fourni archipelago, an area of merely 17 square miles, has turned up one of the great archaeological finds of 2015, according to Discovery.

How To Start Your Own Gold Dealer Website

GoldSilverBitcoin – Entering into the gold business and starting your own gold dealing site is easier than ever. As goldbugs and silverbugs might notice, there is quite a bit of turnover in the online bullion retail scene. Moreover, the general websites that are highlighted are not the only ones. There are many, many online gold dealers who have carved out their own niche. The industry itself has gone through a lot of flux lately. We highlight in this article how you – Yes, YOU – can enter into the gold selling space. While we can’t go into certain technical details, this guide will make you aware of the tools you need. Here’s how.

There are numerous products precious metals oriented online retailers focus on, such as bullion gold, silver, platinum and palladium coins and bars, semi-numismatic gold and silver coins such as Morgan Dollars and Saint Gaudens (Pre-1993 gold coins), tube holders and survival gear. One thing many people, in my opinion, do not consider while opening a precious metals shop is jewelry. While precious metal coins oft carry small premiums – save for the Pre-1933 gold coins – jewelry has higher margins.

Gold & Silver Domains Command Record High Prices

People have bought domains since the advent of the Internet for business, projects and investment purposes. This trend continues to this day and there are…