I like what Jim Grant, publisher of Grant's Interest Rate Observer, has to say about gold and chaos. BusinessInsider.com reports: According to Matt Borin at the CFA Institute, Grant told the crowd at a recent conference of the New York Society of Security Analysts that the "case for gold is not as a hedge against monetary disorder, because we have monetary disorder, but rather an investment in monetary disorder." Grant noted that the $11.7 trillion in negative-yielding bonds has created an untenable situation in financial markets. This is Grant's monetary disorder. "Radical monetary … [Read more...]
Gold, Silver, and Currencies
Young Research & Publishing has been providing research and insights on precious metals and currency markets to institutional investors, corporate financial officers, business owners, and individual investors for over four decades. Richard C. Young started Young Research & Publishing in the 70s to publish the authoritative Young's World Money Forecast, a 50-page monthly investment report on the precious metals and currency markets. Today, our research on gold, silver, and currencies is geared toward investors in or nearing retirement who are looking to preserve and protect wealth.
Gold Market Modernization: WGC Announced LMEprecious
The World Gold Council has announced that with partners including the London Metal Exchange, Goldman Sachs, ICBC Standard Bank, Morgan Stanley, Natixis, OSTC, and Societe Generale, a new, centrally cleared exchange traded product called LMEprecious. The product "will comprise spot, daily and monthly futures, options and calendar spread contracts for gold and silver." Platinum and palladium contracts will be included in future developments. Chief Executive of the LME, Garry Jones said of the project, “We are delighted to be working with the World Gold Council and a group of leading banks, to … [Read more...]
Silver Up 44% in First Half: Investment Demand Booms
Investment demand and sales of silver coins have surged in 2016. The Silver Institute notes that in the first half of 2016, the price of silver has gained 44%. Blanchard writes: Investment demand for silver has been increasing on almost every front. ETF holdings hit a record high of more than 662 million ounces, while net longs in the futures and options markets also are at all-time levels. And in the physical market, coin sales are booming again in 2016, up 29% for the first quarter of this year, growing at “at double digit paces in all the major regions” of the world. The only down spot … [Read more...]
The Monday Melee: Brexit or no, Did the Pound Have it Coming?
Was the Pound Ready to Get Walloped? Even before the Brexit vote was in, analysts were decrying the overvaluation of the British Pound. Here Gary Howes at poundsterlinglive.com writes before the vote: The British pound may rally on the outcome of a Remain victory to the EU referendum, but ultimately the move could prove fleeting. This is according to two prominent research institutions - Morgan Stanley and Capital Economics. “In our opinion, GBP is overvalued as GBP-supportive interest rate and yield differentials are inadequate to help to fund the UK’s 7% GDP current account deficit,” … [Read more...]
The Biggest Driver of Gold Prices Is…
The two biggest drivers of gold demand are jewelry and investment. The straw that stirs the drink for gold prices is investment demand. Over the last five-years, gold investment demand has been down an average of 34.1 tons per year, as shown below in the World Gold Council’s Gold Demand Trends. But in the first quarter of this year, compared to the first quarter of last year, investment demand was up by 617.6 tons—an increase of 122%. Investment demand consists of two pieces: Total bar and coin, and ETFs and similar products. Total bar and coin demand growth was flat in the last … [Read more...]
Politicians Hate Gold, more Reason to Love it
I found this nugget in the August 2002 issue of Richard C. Young's Intelligence Report. Politicians Hate Gold In general, I am a fan of the gold standard. I would like to have my paper money readily and easily converted into gold any business day of the week. Politicians, of course, hate gold because of its very discipline. Money supply cannot be artificially inflated on a gold standard. … [Read more...]
Where to Buy Gold Coins and How much Gold You Should Buy
Where do you buy gold coins? For non-collectible coins, I’ve done repeat business with Blanchard and Co., Inc. and I like how I’ve been treated. I would expect the same for you. And, I say non-collectible coins because I’m not a coin collector. How many gold coins should you buy? When you buy gold coins do it as if the price is going to be cut in half tomorrow. Ask yourself how much you can comfortably afford to buy if that were to happen. That’s one way to make the right choice for you and your family. This was my thinking when I was establishing my gold coin position: What I set-out … [Read more...]
How I Built My Survival Cache. It’s Never Too Late to Start Building Yours
No one likes to lose money. That’s why when I started building my survival cache over ten-years ago I started with gold. Back then, I spent little time (same as I do today) worrying about where I felt the short-term price of gold was headed. What I wanted to do was build a physical hedge for my cash. Cash is king! Try selling that one to your spouse. But cash is pretty powerful. You never know when you’ll need it. Like when there’s a Wi-Fi outage that shuts-down businesses. No Wi-Fi, no credit cards. No Pizza. Cash is powerful to an empty stomach. But predicting an outage is as … [Read more...]
“It Makes a Great Deal of Sense to Own Gold”
Gold is here to stay. Make sure you own some. As I’ve said in the past, I don’t worry too much about the short-term action of gold. And I don’t buy it to make money. I buy it to hedge against the unexpected. It’s an insurance policy for my portfolio if you will. Is there any insurance for a reckless Federal Reserve the world over? No one knows exactly how this race to the bottom by Central Banks will end. But it is clear that they don’t have much regard for maintaining the value of their currencies. “It makes a great deal of sense to own gold. Other investors may be finally starting to … [Read more...]
Gold/Silver Ratio Looks Good for Silver
The Fed has bailed out the market. For now that is. Which is why I’ve been spending more of my research time at the Blanchard and Company, Inc.’s websites. Dick Young has an account with Blanchard and knew the company's founder Jim Blanchard well. Compared to gold, silver hasn’t looked this good in a while. The price of an ounce of gold is at 81.6 times the price of an ounce of silver today. That follows one of the fastest divergences between the prices of the two metals in history. … [Read more...]
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