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Gold supply plateaued last year. Global mine output rose just a paltry 5.7 tons in 2017, according to data compiled by the World Gold Council. That represented the smallest increase since 2008.
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
There are certain things I see and I automatically think, “That’s a bad plan, dude.”
In 2017, nearly 200 tons of gold flowed into gold-backed ETFs. That positive trend continued in January, according to a report released today by the World Gold Council. Gold-backed ETFs added 27.6 tons last month, growing assets by 5%. Global gold-backed ETFs collectively held 2,396 tons of the yellow metal at the end of January with […]
Remember the golden rule: He who has the gold makes the rules.” And the Russians have the gold. Or at least they are in the process of getting it.
It turns out Friday’s 666-point Dow Jones plunge was just a prelude. On Monday, the Dow suffered its largest-ever drop in terms of points. It was down 1,600 at one point and ultimately lost 1,175.21 points, a 4.6% decline. According to Reuters, declines for the benchmark S&P 500 index and the Dow Jones Industrial Average were […]
As the Brisbane Times puts it, “When the going gets tough, Germans Buy Aussie Gold.” And they are doing it now. Last fall we reported on Germany’s budding love affair with gold. It appears this is more than just a one-night fling.
Gold can serve as an important diversifier and increase returns for “buy-and-hold” investors such as pension funds, endowments, insurance companies and sovereign wealth funds.
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
It’s no secret that 2017 was a down year for the precious metals market in the United States. Looking at US Mint sales figures tells the story. In 2016, the mint sold nearly 1 million ounces of American Gold Eagles. Sales figures in 2017 came in at just over 302,000 ounces. Meanwhile, demand for gold surged […]
