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Key Gold Headlines

POSTED ON December 4, 2023  - POSTED IN Key Gold Headlines

At the current price, silver is a real bargain.

Gold went on a run late last week, setting an all-time record high last Friday and breaking the $2,100 level for a brief time in overseas trading Sunday night. Silver also rallied but continues to lag behind gold.

In fact, silver looks significantly underpriced based on both its historical relationship with gold and the supply/demand dynamics.

POSTED ON November 30, 2023  - POSTED IN Key Gold Headlines

Unrealized losses on securities held by US banks exploded by 22% in the third quarter.

Of course, unrealized losses don’t really matter — until they do.

This is yet more evidence that the financial crisis that kicked off last March continues to bubble under the surface.

POSTED ON November 29, 2023  - POSTED IN Key Gold Headlines

Holiday shoppers plan on cutting back on spending and piling on even more debt this year, and nearly a quarter of Americans still haven’t paid off their debt from last year’s holiday spending spree.

These were just a few revelations in a recent WalletHub survey that indicates American consumers aren’t quite as “resilient” as pundits and government people would have you believe.

POSTED ON November 27, 2023  - POSTED IN Key Gold Headlines

Chinese investors are turning to gold.

China Daily called the demand for gold “robust” through the first three quarters of 2023 and said it is expected to continue “as economic and geopolitical uncertainties may drive up investors’ purchases of safe-haven assets.”

POSTED ON November 22, 2023  - POSTED IN Key Gold Headlines

“Resilient” American consumers are digging into their retirement funds to pay their bills.

Mainstream financial pundits, politicians, and Fed officials keep telling us the economy is strong because Americans keep spending money. They just assume this is a sign of economic strength without ever asking exactly how they’re paying for all of this “robust” spending.

POSTED ON November 21, 2023  - POSTED IN Key Gold Headlines

The world faces a significant platinum supply shortfall due to record industrial demand.

According to a report by the World Platinum Investment Council (WPIC), the platinum market faces a 1.07-million-ounce deficit in 2023. The supply shortfall is expected to extend into 2024.

With two years of significant market deficits, we will likely see upper pressure on platinum prices.

POSTED ON November 21, 2023  - POSTED IN Key Gold Headlines

The Consumer Price Index (CPI) drives markets and motivates policy, but it is nothing but speculation, estimation and wild guesses.

A recent “tweak” to the health insurance CPI reveals the formula is basically a scam.

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