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Gold Prices Could Skyrocket as Asian Demand Increases Bloomberg – Australia & New Zealand Banking Group Ltd. published a report predicting that gold demand in Asia will double by 2030. The price of gold could increase to up to $2,400 in the same time frame to keep up with demand. As incomes in India and […]
In a stunningly despotic move, France has launched severe new restrictions on cash transactions. After September 2015, French residents cannot make cash payments of more than 1,000 euros, down from the current limit of 3,000. Foreign visitors’ cash payments will be capped at 10,000 euros rather than 15,000. Not only that, but any bank withdrawal […]
For the fourth month in a row, Gallup found that Americans named the government as the biggest problem in the United States. Jobs and the economy tied for the second-most worrisome problems. Together, these three issues are the top concerns for almost 40% of Americans. Though issues such as terrorism, healthcare, race relations and immigration […]
In a short article for Casey Research, Jeff Clark observes that the gold price has declined for eight consecutive days for the first time since 2009. However, investors shouldn’t worry too much. As the chart below shows, gold prices often cycle through a low point in March before picking up again. Since 1975, March has […]
Mainstream analysts continue to tout an economic recovery based upon new jobs, but are now starting to worry about stagnant wage growth. One popular excuse for this is “pent-up wage deflation.” The argument goes that since businesses didn’t cut wages during the financial crisis, they are now refraining from raising them. A new op-ed in […]
Explore the latest exciting developments in the silver industry with the February edition of Silver News. Its front-page story covers how silver nanowires are being explored as an alternative to widely-used indium tin-oxide. Once testing is complete, silver could become even more essential to the manufacturing of touch-screens, plasma televisions, and other common electronics. Perhaps […]
Chinese Gold Demand Outpaces World Production Forbes – More than 315 metric tons of gold were withdrawn from the Shanghai Gold Exchange from the beginning of January to mid-February. During the same period, only 300 tons were newly-mined around the globe. The gold demand came in preparation for the Chinese New Year, the country’s biggest […]
The US Justice Department has begun to investigate whether 10 of the world’s largest banks have manipulated gold and silver prices. The Justice Department is just the latest in a series of financial regulators to investigate possibilities of precious metals manipulation, including the UK Financial Conduct Authority, Germany’s BaFin, and Switzerland’s competition commission WEKO. On […]
374 metric tons of gold were withdrawn from the Shanghai Gold Exchange (SGE) in the first 6 weeks of 2015. During the same period, about 300 tons of gold were newly mined in the entire world. Using these figures, China is currently consuming more gold than the world is producing. The surge in Chinese gold […]
Renowned hedge fund manager John Paulson is committed to gold. A new government filing from Paulson & Co. shows that as of December 31st, it remains the largest holder in the SPDR Gold Trust (GLD). It owns 10.33 million shares of GLD, the biggest gold exchange-traded fund in the world. Paulson’s company has maintained this […]
