Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)
POSTED ON July 20, 2017  - POSTED IN Key Gold Headlines

Banks active in commodities have been hammered so far in 2017.

According to reporting in the Financial Times, income from commodity trading and related activities at Goldman Sachs, Citigroup, JPMorgan and nine other investment banks dropped 40% in Q1 2017, and the struggles have continued into the second quarter.

Weakness in the energy sector generally, and the price of oil in particular, drug down commodity trading. Gold and silver were the bright spot – an exception to the general commodity trend.

POSTED ON July 20, 2017  - POSTED IN Key Gold Headlines

Researchers continue to come up with amazing new technologies utilizing gold.

We generally think of gold as an investment as well as money, but it is increasingly being used in high-tech applications. Gold’s conductivity and malleability make it suitable for a number of futuristic applications, from energy production to healthcare. Researchers are even using the metal in things that sound like they came out of a sci-fi book. In fact, the tech sector accounted for about 6% of gold demand in 2016.

POSTED ON July 19, 2017  - POSTED IN Key Gold Headlines

The dollar plunged after Republicans in Congress abandoned their plan to overhaul Obamacare this week.

The plan to “repeal and replace” the Affordable Care Act collapsed after Senators Mike Lee and Jerry Moran joined fellow Republicans Susan Collins and Rand Paul opposing it. In fact, “repeal and replace” was a misnomer. The Republican plan kept many key elements of Obamcare in place. It was more of a Republican revamp than any kind of repeal.

Nevertheless, pundits and analysts widely viewed the failure to get healthcare reform done a major stumble for Republicans, and it seems to cast doubt on the Pres. Trump’s ability to advance his ambitious economic agenda. Reuters put it this way:

POSTED ON July 18, 2017  - POSTED IN Key Gold Headlines

We focus on India a lot. Why? Because Indians have a love affair with gold. It’s not just a luxury. Even the poor buy gold in India.

There are two main reasons to follow the Indian gold market closely. First, the country ranks second in the world in gold consumption. What happens in India can have a major impact on the world gold market. Second, the attitude of the Indian people can teach us a lot about the wisdom of buying and owning gold.

POSTED ON July 18, 2017  - POSTED IN Videos

Last month, Federal Reserve chair Janet Yellen made a bold prediction, saying an economic meltdown like the one we saw in 2008 will not likely happen again “in our lifetime,” because banks are “very much stronger.”

Ron Paul begs to differ.

In fact, during an interview on World Alternative Media, the former congressman said Yellen’s comments should probably make us more than a little nervous because, “central bankers are always wrong on their predictions – especially before a bust.”

What she says shouldn’t reassure anybody.”

POSTED ON July 17, 2017  - POSTED IN Videos

In his Gold Videocast last week, Peter Schiff made the case that silver is extremely undervalued, especially when compared with gold.

In a recent interview with Neil Cavuto on Fox Business, CME Group Chairman Terry Duffy says gold is undervalued as well. He said he believes realistically, gold should be at $5,000 to $6,000 per ounce.

And at some point, the price will catch up with reality.

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

In his most recent podcast, Peter Schiff made the case that the current environment of rising interest rates is actually bullish for gold.

The most recent jobs report had most of the mainstream giddy with optimism. As the New York Times put it, employers added an “impressive” 222,000 jobs in June, according to the new government report released Friday. The unemployment rate ticked up slightly to 4.4%, but analysts say that was that was due to some people who had dropped out of the labor force coming back.

With rosy jobs numbers to bolster the Federal Reserve’s confidence in the direction of the economy, most analysts became even more convinced the central bank will push aggressively forward with its interest rate normalization program. As a result, many people have turned very bearish on gold. Peter Schiff took on this notion that rising interest rates are necessarily bad for gold in his most recent podcast.

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

Indians bought more gold in the first half of 2017 than they did all of the previous year, as the yellow metal continues to flow from the West to the East.

Indians within every economic class buy gold. Even the poor in India invest in the yellow metal. But demand for gold slumped to a seven-year low in 2016, leading some to wonder if Indians had lost their appetite for the metal.

Apparently not.

Call Now