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Key Gold Headlines

POSTED ON June 22, 2022  - POSTED IN Key Gold Headlines

As interest rates rise, the air continues to hiss out of the housing bubble.

Existing home sales tumbled to a two-year low in May. Sales fell to a seasonally adjusted 5.41 million units, according to the latest data from the National Association of Realtors. It was a 3.4% drop, bringing existing home sales to the lowest level since June 2020. May was the tenth consecutive month of year-over-year declines.

POSTED ON June 21, 2022  - POSTED IN Key Gold Headlines

A few years ago, CNBC commentator Jim Leventhal made a pretty astounding comment. When asked about gold, he said he had no interest in it because gold has no uses as a metal.

This is a pretty absurd statement. Gold has multiple uses. And it would probably have even more if it wasn’t so rare and expensive.

In 2021, gold demand came in at 4,666 tons. Where did all of that gold go?

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