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POSTED ON July 1, 2019  - POSTED IN Videos

Although it has given back some of its gains with news of a ceasefire and a resumption of talks in the trade war between the US and China, gold has surged over the last couple of weeks driven by global instability and turmoil – not only from the ongoing trade conflict, but also with the saber-rattling between the US and Iran. Gold broke through the $1,400 mark and hit six-year highs last week.

Peter Schiff appeared on RT’s Boom Bust to talk about it along with the recent bitcoin rally.

POSTED ON August 20, 2018  - POSTED IN Key Gold Headlines

There is plenty of bad news out there. We have a trade war. Geopolitical tensions between the US and Iran and the US and Russia are high. Turkey is in the midst of a currency crisis that some fear will spread beyond that country’s borders. So, why aren’t people seeking safe haven and buying gold and silver?

The CEO at Australia’s Perth Mint has a theory. Richard Hayes said bad news has become so prevalent nobody really pays attention to it anymore. In a nutshell, bad news has become the norm.  As a Bloomberg report put it, “Investors have grown immune to the economic and geopolitical risks that typically drive haven demand for gold.”

POSTED ON July 10, 2018  - POSTED IN Fun on Friday

The price of gold in pounds spiked Monday as Brexit confusion and political instability sent Brits scampering into safe havens.

Spot gold against the pound rose nearly 1% after Brexit Minister David Davis and British Foreign Minister Boris Johnson both resigned their posts in protest.

Business Day described Brexit as a “ramshackle exit from the EU,” as a European Central Bank policymaker warned it could damage economic growth in the eurozone.

POSTED ON April 2, 2018  - POSTED IN Key Gold Headlines

Indians are hoarding their gold despite an increase in the price during the first quarter of 2018. Analysts say they are holding onto their gold in anticipation of bigger price increases.

Gold was up around 1.5% in dollar terms in the first quarter of this year. According to the Economic Times of India, the yellow metal appreciated 4.41% in rupees.

Even with that healthy increase, old gold sales in India fell by 35-40% in Q1 2018 compared to the previous quarter. According to the paper, analysts and traders think Indians are holding back selling in anticipation of further price increases, especially if the US and China get into a full-blown trade war.

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

Chinese investors are buying gold bars at a torrid rate. China’s appetite  helped drive global demand for physical gold up 9% in the first quarter of 2017. Chinese investors gobbled up 105.9 tons of gold in Q1. That represents a 30% year-on-year increase, and was the fourth strongest quarter on record.

So, why the strong demand for physical gold in China? Mao Mao, a gold dealer in downtown Shanghai, told the Australian Financial Review she sees three major factors  pushing the Chinese gold rush – and they all relate to fear.

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