News Articles

We have recently speculated as to how the gold price might perform now U.S. execs are back at their desks after holidaying in the summer sunshine . . . .

"Delivery of gold" has been refused by a popular German gold exchange traded commodity (ETC), Xetra-Gold, which is offered by Deutsche Bank, in the latest example of the risk of owning gold exchange traded commodities (ETCs), exchange traded funds (ETFs) and indeed most institutional gold investment offerings . . . .

The 20,000-coin limit to authorized purchasers was reached Aug. 26. The U.S. Mint authorized a maximum production in 2016 of 20,000 American Eagle 1-ounce .9995 platinum bullion coins . . . .

This is the first time the government has taken such an initiative. It is to include the stated policy, setting up of gem and jewelry parks and regulations for testing and certifying agencies, to primarily address issues of the diamond industry . . . .

By far the greater bulk of gold owned in China is under the control of the Shanghai Gold Exchange, which is controlled by the Chinese Central Bank, i.e. The People’s Bank of China. Should they wish to confiscate their citizen’s and institution’s gold, it can be done overnight . . . .

Gold dropped for a seventh day this morning, heading for the longest run of declines since May, trading at $1,319 an ounce . . . .

Precious metal investors who have ridden the gold bull rally might want to switch some exposure to silver judging by an indicative valuation metric . . . .

According to GJEPC data, the gold bar imports by the country during the first four months of the current fiscal surged higher by 47% when matched with the previous year . . . .

The gold to monetary base ratio is at an all-time low. And before anyone says monetary base growth is not necessarily bad if the economy is growing, the velocity of money is also at an all-time low . . . .

How the UK’s Brexit vote has changed one’s perception of the safe haven value of gold. It would only take a relatively small dollar gold price increase, or a further drop in the sterling/dollar parity, which many analysts are predicting, to achieve a new record sterling gold price high . . . .