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The highly-anticipated Rio Olympics begins next week (August 5th), and with it, a race for the gold. Soon, Olympic winners will be standing on the podium donning their gold, silver, and bronze medals and waving towards a roaring crowd. Nothing is more iconic of the Games than these medals draped around the winners’ necks. But […]
Between Jan. 1 and July 11, the price of silver increased 44.7%. But can the white metal maintain its bull run? A prominent mining CEO thinks it can – and will. Mining, Inc. CEO Mitchell Krebs told Kitco News that he expects the precious metals sector to attract even more investor interest through the second […]
After a brief pause in May, the Chinese and Russian central banks resumed their gold buying spree in June. The People’s Bank of China added about 15 tons of gold to its stash last month. The Chinese central bank now officially holds about 58.62 million ounces of gold. China has bought gold in 11 of […]
As the saying goes: “Keep your friends close, and your enemies closer.” Here’s a quick look what the Fed’s been up to this week. Philly Fed Shows Drop in Manufacturing This week the Federal Reserve Bank of Philadelphia released the results of its Manufacturing Business Outlook Survey. The Survey of regional manufacturers showed general activity […]
Efforts to solve the Puerto Rican debt crisis have already run off the rails. Late last month, Congress passed a bill allowing Puerto Rico to restructure its debt. Under the plan, the US territory essentially declared bankruptcy. The US government won’t expend funds to bail out Puerto Rico, but will allow the island’s government to […]
When we talk about gold and its future prospects, we tend to focus on the latest event, economic news, or central bank pronouncement. We debate whether the Fed will raise or lower rates. We try to project the impact of Brexit on the price of gold. And we pour over the latest job numbers and […]
It’s hard to remember a time when the press wasn’t talking about Hillary Clinton or Donald Trump. The US two-party system is sustained by one-sided media coverage. However, Presidential candidate and Libertarian Party nominee, Gary Johnson may be forcing his way onto the political stage. Also a candidate in the 2012 election, the former New […]
As precious metals resume their long-term bull market in 2016, investors are once again asking the perennial question – should I buy ETFs or physical metals? With the gold price on the rise, gold funds and stocks recently experienced the largest one-week inflows on record. Mainstream investors seem to prefer “paper gold” in times of uncertainty. […]
Many political and social upheavals this year have contributed to gold’s continued bullish run. From the Fed’s quarterly passes on rate hikes to Britain’s exit from the EU, the year’s turmoil has helped keep the yellow metal at a 25% increase for 2016. The upcoming presidential election may prove to be one of the biggest […]
The Japanese economy is a mess. The Japanese are buying gold. The Chinese economy is a mess. The Chinese are buying gold. And the United Kingdom has been thrown into a sea of uncertainty in the wake of the Brexit vote. So what are the British people doing? Buying gold. According to a Reuters report, […]
