2023 update: The article below was written in June 2017, please bear this in mind when using the article to cite data and statistics. The topic of inflation is still very relevant. In a 2023 YouGov survey 75% of UK respondents said they were concerned about shrinkflation. Since 2017 inflation has picked up pace. In […]
This article was written in 2017. Although the data might be out of sync with today (such as bitcoin reaching $10,000) the sentiment remains. Gold does only last forever, short term speculation should be avoided in favour of long term investment diversification This current state of play won’t last forever. Only Gold lasts forever Some […]
This article was written in 2017 by by Olivier Garret on Forbes Gold ETFs are rising in popularity due to their convenience. They’re easy to trade, there’s no need to store anything, and no one is going to break into your house to steal your GLD shares. Considering the public’s waning trust in the banking […]
The Oscars – Worth Their Weight in Gold? ‘We All Dream In Gold’ read the strap line for last year’s Academy Awards. This is no doubt still the case for the nominees of the 24 awards set to be given out at this Sunday’s 89th Oscars. Since the first awards in 1929 nearly 3,000 oscar […]
In 2017 the central bank of Kyrgyzstan said it wanted every citizen to own gold. The following is ours and Bloomberg’s take on the news. Central bank governor has “dream” for every citizen to own at least 100 grams of gold bullion Governor of Central Bank of Kyrgyzstan said the central bank had sold around 140 […]
Marc Faber has told advisers to invest 25% of investment portfolios in gold bullion. The author of the Gloom, Boom & Doom Report, urged investment professionals at the CFA Institute Conference in Chicago that 25 percent of a portfolio should be allocated to gold given the very significant risks facing investors today. The Chicago Tribune reports that […]
James Rickards, economic and monetary expert, joined Bloomberg’s Francine Lacqua on Tuesday to discuss the gold “chart of the decade”, his new book “The New Case for Gold,” why gold is money and why gold is going to $10,000/oz in the coming years. Gold in USD – 10 Years (GoldCore) Francine generously acknowledged how Rickards was […]
– Fall 2015 turning point – civil unrest and riots globally says forecaster Armstrong – Fed have to raise rates – due to pressure from congress and media – By 2020 the cost of servicing U.S. debt will outpace defence spending – European banks will collapse and “blood in the streets” – Higher rates will […]
Today’s AM fix was USD 1,222.75, EUR 891.22 and GBP 750.89 per ounce.
Yesterday’s AM fix was USD 1,243.50, EUR 902.79 and GBP 758.51 per ounce.
Gold fell $26.40 or 2.11% yesterday, closing at $1,226.50/oz. Silver slid $0.79 or 3.89% closing at $19.52/oz. Platinum dropped $19.01, or 1.4%, to $1,360.74/oz and palladium fell $20 or 2.7%, to $715.25/oz.
Gold has spiked higher in late morning trade in London and is 0.6% higher on the day and 0.35% higher for the week. A higher weekly close this week will be positive from a technical perspective.
