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POSTED ON January 15, 2019  - POSTED IN Key Gold Headlines

As uncertainty swirls around Brexit and exactly what that will mean for the economy, Brits have been hoarding gold.

According to a statement by The Royal Mint, the demand for gold bars and gold coins spiked in December as uncertainty about the UK’s exit from the EU grew.

We have seen a significant increase in demand for gold this month and at the end of last year, a trend which we have no doubt is largely attributed to Brexit turmoil and subsequent market volatility.”

POSTED ON January 15, 2019  - POSTED IN Key Gold Headlines

Tocqueville Management Corp. chairman John Hathaway says the growing US government debt to GDP ratio poses “the most viable threat” to the US economy.

In his fourth-quarter investment letter, Hathaway said the ballooning US debt, coupled with a bear market and a recession, will likely weaken the dollar and send gold much higher in the near future.

POSTED ON January 14, 2019  - POSTED IN Original Analysis

Peter Schiff has said it’s not that we have a “volatile” economy right now. We have a bubble economy, and we are at the beginning of a much bigger crisis than we went through in 2008. Peter continued with this theme on a recent appearance on Kitco News with Daniela Cambone noting that things are setting up for gold to shine in 2019. As far as the yo-yoing stock market?

It’s just the air coming out of the bubble. That’s the volatility,” Peter said.

POSTED ON January 9, 2019  - POSTED IN Key Gold Headlines

Total holdings in global gold-backed ETFs finished above $100 billion in 2018, according to the latest data by the World Gold Council. It’s the first time ETF total gold holdings have eclipsed the $100 billion mark since 2012.

Globally, ETFs added 69 tons of gold in 2018, bringing total holdings to 2,440 tons valued at $100.6 billion.

POSTED ON January 8, 2019  - POSTED IN Key Gold Headlines

2018 ended up as the worst year for US stocks in a decade. And last month ranked as the worst December on Wall Street since 1938. But if you owned gold, things weren’t quite as painful for you as they were for investors without any of the yellow metal. While stocks sagged, gold rallied.

In fact, gold outperformed the S&P 500 in December, through the fourth quarter, and over the entire year.

POSTED ON January 7, 2019  - POSTED IN Key Gold Headlines

Last week, we saw more huge swings in US stock markets. On Thursday, stocks fell sharply, but they recaptured all the losses on Friday in the wake optimism about trade talks between the US and China,  of a strong December jobs report, and “dovish” comments by Federal Reserve Chair Jerome Powell.

Peter Schiff hit on all of these topics in his most recent podcast.

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