Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)
POSTED ON October 11, 2017  - POSTED IN Key Gold Headlines

We talk a lot about India’s love affair with gold. The Asian nation ranks as the second largest gold consumer in the world, behind only China. Gold is intimately intertwined with Indian cultural and marriage rights, and it serves as a vital cog in India’s economy,  both above ground and underground.  But the yellow metal has a new lover vying for its attention.

Germany.

POSTED ON October 10, 2017  - POSTED IN Key Gold Headlines

Cryptocurrencies have shown a lot of resiliency. Every time doubters proclaim Bitcoin is on the mat for good, it manages to claw its way back up.

Bitcoin went into a freefall after the Chinese government announced plans to ban cryptocurrency trading on all domestic exchanges. But early Monday, the digital currency hit its highest level since early September.

The steady climb of Bitcoin and its meteoric rise this year have led to some speculation that digital currencies may usurp gold. There have been headlines proclaiming cryptocurrencies are killing the yellow metal. But there are some fundamental reasons cryptos will never replace gold.

POSTED ON October 10, 2017  - POSTED IN Key Gold Headlines

After nearly tripling in August, demand for gold in India remained strong last month, despite a tax rule that put a damper on high-dollar jewelry purchases.

Gold demand rose 31% year-on-year in September. Imports came in at 48 tons, according to a Reuters report.

Higher purchases by India, the world’s second-biggest consumer, could lend support to global prices that are trading near their highest level in a week. The higher imports may also widen the South Asian country’s trade deficit.”

POSTED ON October 9, 2017  - POSTED IN Videos

On Sept. 22, Peter Schiff spoke at the Nexus Conference in Aspen, Colorado, and argued that the financial crisis in 2008 was just the opening act. The real crisis will result from the way the government and the Federal Reserve responded to the 2008 crash.

I don’t think 2008 was the crisis. I think that was kind of the overture to this opera.”

POSTED ON October 9, 2017  - POSTED IN Key Gold Headlines

The Indian government has reversed a tax rule that was putting a damper on gold demand in the country.

The government included Indian jewelers under the Prevention of Money-Laundering Act last August. The rules increased compliance requirements for high dollar jewelry purchases. Buyers had to provide their income tax identity for transactions above 50,000 rupees ($766). According to the Economic Times, the requirements were hindering high-value deals.

POSTED ON October 6, 2017  - POSTED IN Fun on Friday

“But however mysterious is nature, however ignorant the doctor, however imperfect the present state of physical science, the patronage and the success of quacks and quackeries are infinitely more wonderful than those of honest and laborious men of science and their careful experiments.” – P.T. Barnum

Yes. There are plenty of quacks in the world. And you’ll find more than your fair share in the realm of precious metals investing. There are scammers and con artists, and smooth talkers galore out there, eager to separate the unwary from their hard-earned cash.

POSTED ON October 6, 2017  - POSTED IN Key Gold Headlines

The price of gold has fallen four straight weeks, primarily driven down by anticipation of Federal Reserve monetary tightening. The kickoff of the Fed’s balance sheet normalization program and the expectation of rising interest rates have helped spark a dollar rally. But few people seem to be paying any attention to the pitfalls of quantitative tightening. In fact, the Fed’s policy to push interest rates higher could turn out to be a havoc-wrecking juggernaut.

POSTED ON October 5, 2017  - POSTED IN Key Gold Headlines

The World Gold Council has announced plans to form a committee that will help set up India’s first physical gold exchange. Officials say they hope to have the exchange up and running in 12 to 18 months.

The committee will not actually set up the exchange, but will provide guidance. WGC Indian operations managing director PR Somasundaram told Bloomberg the council is in the process of creating an industry committee of jewelry trade associations, dealers, miners, regulators, foreign and Indian banks, and eventually some consumers.

POSTED ON October 5, 2017  - POSTED IN Key Gold Headlines

After surging in August, gold continued to flow into ETFs last month, signaling continued strong demand for the yellow metal – specifically in North America.

According to the World Gold Council, gold-backed ETF holdings increased by 22.4 tons in September. This follows on the heels of a 31.4 ton increase in August.

Free Newsletter & Notification of Special Deals
RSS Feed
LINKEDIN
YouTube Channel
YouTube Channel
Google+
Google+
https://schiffgold.com/news/page/2
Call Now