The US government’s war against the coronavirus is imposing the heaviest strain on the Treasury since America’s drive to defeat Nazi Germany and imperial Japan three-quarters of a century ago. The Congressional Budget Office has warned that the government this year will run the largest budget deficit, as a share of the economy, since 1945, […]
Gold is respected throughout the world for its value and rich history, which has been interwoven into cultures for thousands of years. Coins containing gold appeared around 800 B.C., and the first pure gold coins were struck during the rein of King Croesus of Lydia about 300 years later. Throughout the centuries, people have continued […]
Key Points The gold market is “very strong and could hit $3,500 in two years,” according to Barry Dawes of Martin Place Securities. Garth Bregman of BNP Paribas Wealth Management said he doesn’t see “any catalyst” for gold to stop its rise in the short term, though there could be some consolidation around $2,000. Long-term low […]
The data keeps providing more evidence of the unprecedented investment demand for gold-backed exchange traded funds (ETFs), according to the latest data from the World Gold Council (WGC). In a report published Tuesday, the WGC said that gold ETFs saw their seventh straight month of inflows in June with gold holdings rising by 104 tons […]
The global economy was flashing danger signs long before the pandemic. For one thing, many countries were clamouring to get hold of as much gold as possible. For the past decade, they have been buying new reserves and bringing it home from overseas storage to an extent never seen in modern times. Then just before the pandemic, there was a pause. What does all this mean?
All eyes are on silver as prices are starting the week with some robust follow-through buying after Friday’s breakout session. In a comment to Kitco News, Phillip Streible, chief market strategist at Blue Line Futures, said that a perfect storm of increased investment demand and falling supply is expected to continue to push silver prices […]
Continuing to navigate through the uncharted waters in the investing world and focusing primarily on exploiting various trigger points that could lead to the next wave higher in gold, I want to bring to your attention a rare development that occurred last week.While the U.S. has been attempting to combat the economic shock from the […]