News

US President Elections vs NBER Recessions vs Gold/Silver/DJIA

There is a total misunderstanding of the role of gold and why it is so critical to own physical gold. Gold should not be bought or sold based on rumours or events. In connection with the US election, gold moved for totally the wrong reasons.

There will likely be a "Sharia Gold Standard" in place by the end of the year. This will clarify and streamline gold-investing rules for Islamic finance. As a result, gold could soon become a viable investment option for the Muslim world's 100 million active investors.

Russia adds 1.3 million ounces of gold to it's reserves in October.  

Fed Chief Admits Incoming Administration Causes Uncertainty Federal Reserve Chair Janet Yellen told the Congressional Joint Economic Committee yesterday that stable unemployment, average job gains and an inflation rate nearing 2% could mean an imminent interest rate hike, despite uncertainty sur...

Silver and gold should be far more successful than investments in unpayable debt, paper currencies, and levitated stock and bond markets.

Trade body Indian Bullion & Jewellers Association (IBJA) has created a flutter among some of its 2500 members by informing them through a text message that the government might ban imports of gold into the country until the end of the current fiscal year (FY17) and advance the last date of de...

India's government increased the limit on cash withdrawals from bank accounts on Sunday to calm public anger as millions of people clamored for new rupee bills after a shock abolishment of large denomination notes. Large crowds were again gathered at banks across the country trying to change 5...

Trading volume on Wednesday was 861,275 contracts - the highest in CME Gold history.      

Over 85,000 gold futures contracts (over $10 billion) just traded as gold plunged from $1260 to $1230 as US equity markets opened

The earthquake has happened: Donald Trump is president-elect of the United States of America. Quite an enormous “black swan”! What should we expect now? On the one hand, Trump’s victory seems like a formidable denial of the economic lies being spread since the 2008 financial crisis: no, unemploy...

So much for breaking out - that was very short lived. That is now the fifth attempt to break the long term resistance that was met with failure. With the USD & Bond Yields heading higher there will be pressure on gold to head lower.        

In a rerun of the immediate shock felt when the United Kingdom voted to leave the European Union, gold prices rose nearly 5 percent the day after Donald J. Trump scored his stunning victory in the United States election.

This chart explains gold rise and fall  

Gold doesn’t fit into a modern monetary system. It restricts the unlimited expansion of money and credit which is the new paradigm for prosperity and growth.

Egypt has devalued its currency by 48% and announced that it will be allowed to float – measures that meet a key demand by the International Monetary Fund in order to secure a $12bn (£9.6bn) loan over three years to overhaul its ailing economy. The devaluation pegged the Egyptian pound at 13 to...