Scotiabank to Close its Metals Business
Scotia was for years the world's biggest lender to the physical precious metals industry, with a history that stretches to 1684.
Read articleScotia was for years the world's biggest lender to the physical precious metals industry, with a history that stretches to 1684.
Read articleThat the world economy for the last 100 years was totally dependent on credit and printed money is not a new miracle paradigm but a the sign of diseased system. Issuing fake money at zero cost always had to end badly.
Read articleBank of America raised its 18-month gold-price target to $3,000 an ounce, in a report titled “The Fed can’t print gold.”
Read articleMine closures and selling restrictions are causing shortages of precious metals in the retail sector, but ETFs are experiencing large inflows of funds. Where do they get the gold, if at all?
Read articleCentral banks continued their gold-buying spree in February, although the pace of gold purchases has slowed compared to last year’s near-record purchases.
Read articleA Hyperinflationary Depression has always been the inevitable end to the biggest financial bubble in history. And this time it will be global. Hyperinflation will spread from country to country like Coronavirus.
Read articleWith the ongoing financial meltdown, demand for precious metals has exploded while at the same time, supply has abruptly dried up. Prices will not stay long at current levels. Expect some great surprises in May-June.
Read articleWhoever doesn’t learn to dance in the rain will struggle to survive the virtually non-stop storms that the world will experience in the next few years. The abrupt downturn in the global economy, triggered but not caused by coronavirus, came as a lightning bolt out of the blue.
Read articleFaced with the coronavirus crisis, the central banks went into "open bar" mode: in the United States, the Federal Reserve announced on March 3 an injection of $1.5 trillion coupled with a cut in its key rate to zero, while the European Central Bank followed with the announcement on March 19 of a €75...
Read articleAre we witnessing the end of "paper" gold with the blatant disconnect in between futures (paper) and physical market ?
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