Latest Gold & Silver Price News
Love. Fear. Inflation. A Precious Metals’ Trifecta
By David Smith, Money Metals Exchange Going forward, there are – and will continue to be – three primary drivers of global physical gold (and silver) demand. During certain times in the past only one or two of these elements provided most of the momentum. However, as we move into 2019, and for possibly the next 5-10 years, all three will be in play. They will operate synergistically to consistently motivate increased precious metals’ buying around the globe. This will happen, even as meeting that demand with sufficient new supply becomes problematic. The term “synergistic” is used here on purpose. By definition, it relates to “the interaction or cooperation of […]
The World Gold Council (WGC)
The World Gold Council is an non-profit organization of the world’s main gold producers. The WGC was established to help improve the global demand not just for gold but also to increase interest in gold, and plays a very big role in maintaining today’s gold industry. The WGC headquarters is located in London. It covers the market that holds almost three-fourths of the worlds gold consumption. The main objective of the WGC is to maximize the potential industrial growth of gold consumption by monitoring and defending its existence. The WGC also researches and develops other uses for gold. The organization’s main objective is to trigger and retain the demand of […]
Why is Gold so Important?
Why is gold so important? It’s a hard question, right? You must have asked that question to yourself too…why in all those precious metals is gold the most important? Before answering that question let’s learn first about gold and its uses to tackle that problem. Gold has been used for thousands of years and by ancient civilizations. We surely don’t know who first discovered gold, but we’re happy they did. Gold’s history can be traced as far back as 40,000 BC! Pretty old for a precious metal, right? Ancient Egyptians You might wonder what early uses did they have for gold when they first discovered it. Unfortunately, we don’t know […]
Is Silver On The Rise? Could It Be The New Gold?
Investors are talking about gold mainly for its value and price. In the past ten years, the price of gold has increased from less than $300 to $1,500 per ounce…quite interesting for gold investors. However, silver has performed better than gold for the past ten years. Its price has ranged from less than $5 to $40 an ounce. So if you invested $10,000 in gold in June 2001 its value today would be $50,000, but if you invested $10,000 in silver on the same date you would now have around $80,000. Now may be the time to start thinking of silver as the new gold. As a matter of fact, […]
7 Uses Of Gold You Weren’t Aware Of
Gold has has had many uses since ancient times. Some of its uses were to decorate ornaments, weapons, jewelry, shrines, and many other things. In modern times, gold has been used as an electric conductor, jewelry, coins, commodities, and also as an investment. But is that all that gold can do for us? The answer is no, of course. Here are some unusual uses for gold. Health Supplement Yes! You read it right, gold has also been used as a food supplement. Japan has a unique tradition where they mix small, thin films of gold in beverages and in their food as a source of vitamins. In some other countries, […]
What Affects the Price of Gold
Gold has been known to be the most desirable metal on earth. Although it is the most precious metal, there are some issues that gold is facing like its demand and supply imbalance. Gold has been used as an investment and a useful product in electronics, but there are also some factors that affect the price of gold. One of the biggest factors that affect gold’s price is its amount of supply in the central banks around the world. In 2003 the stock of gold was about 33,000 metric tons, accounting for nearly 25% of all the gold mined in the world. In the same year, 3,200 metric tons of […]
When to Sell and When to Buy
Gold is always a sought-after asset. Not only does it diversify your investment portfolio, but it also helps you gain ground in creating your very own hedge against an economic crisis that might occur while owning the asset. For newcomers, gold has always been hard to understand. The market fluctuates in such a way that sometimes it can become unpredictable. And so many other factors affect it as well. Some of these could be the political standing of the country, the economy, the oil markets, the scarcity of gold itself, the demand for the product and so much more. But fret not. We have compiled a list of things you […]
Gold and Silver Facts
Gold and Silver have been useful to mankind since ancient civilization. Even today, we use gold and silver in our everyday lives. But most of the people nowadays don’t know the purpose and the importance of both metals. Let’s talk further about two of the most important metals ever discovered by mankind. Here are some amazing facts about Gold and Silver. Gold characteristics Color golden yellow Atomic Weight 9665 Normal State solid Melting Point 18 deg C, 1337.33 K Boiling Point […]
Gold and Economic Freedom
Gold has had a significant impact on the U.S economy. Since the beginning of World War I, gold has been the sole international standard of exchange. Golds impact on the economy waxes and wanes, depending on how safe other investments are. Gold has been considered a luxury good since it is durable, homogeneous, divisible, portable and has significant advantages over all other media of exchange. Before gold was used as a coin, its value was recognized even in the first Egyptian Dynasty. Its beauty, luster and malleability made it perfect for many uses. it has been used in the early times as a standard of exchange together with silver and […]
My Goodness, What Is Happening to Platinum?
By Clint Siegner, Money Metals Exchange You may have noticed the platinum price has fallen well below gold’s price and it continues to underperform the other precious metals. What is happening in the platinum market? We see a handful of factors driving the recent declines in platinum. For starters, it is facing the same challenges we find in the gold and silver markets. The dollar has been getting stronger, interest rates are rising, and traders on Wall Street have rarely been more carefree. Mainstream investors are positioning for economic strength, not looking for safety. Platinum is trading like the other precious metals, which is to say performing poorly. As of […]
Gerald Celente: Fed May Bring Down the Economy, Crash Markets
Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason: It is my privilege now to welcome in Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is perhaps most well-known Trends forecaster in the world, and it’s always great to have him on with us. Gerald, thanks for the time again today, and welcome back. Gerald Celente: Oh, thanks for having me on, Mike. Mike Gleason: Well Gerald, one of the hot topics in the markets today is the escalating trade tensions. Trump just announced another $200 billion in tariffs on China and he looks ready to more than double that if the Chinese should […]
Trump’s Backdoor Power Play to Rein In the Fed
“Just run the presses – print money.” That’s what President Donald Trump supposedly instructed his former chief economic adviser Gary Cohn to do in response to the budget deficit. The quote appears in Bob Woodward’s controversial book Fear: Trump in the White House. Trump disputes many of the anecdotes Woodward assembled. But regardless of whether the President used those exact words, they do reflect an “easy money” philosophy that he has expressed many times before. Trump Likes Low Rates, Loose Money President Trump has described himself as a “low interest rate person.” This past summer, Trump launched a very public attack on the Federal Reserve’s rate hiking campaign. He wants it […]
Axel Merk Exclusive: Can You Sleep at Night When the Market Goes Against You?
Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason: It is my privilege now to welcome in Axel Merk, President and Chief Investment Officer of Merk Investments and author of the book Sustainable Wealth. Axel is a well-known market commentator and money manager and is a highly sought after guest at financial conferences and at news outlets throughout the world. It’s great to have him back on with us. Axel, it’s always a pleasure and thanks for joining us again. Axel Merk: Great to be with you. Mike Gleason: Well, before we get into other matters like Fed policy and the latest on trade wars and so forth, Axel, I […]
Are Silver and Gold ‘at the Flood’?
By David Smith, Money Metals Exchange There is a tide in the affairs of men… Thus, begins one of the most famous quotes ever uttered, taken from Shakespeare’s play, Julius Caesar. Brutus, talking to Cassius, says, “There is a tide in the affairs of men. Which taken at the flood, leads on to fortune…” A flood tide takes place at the very crest in the water’s height. Once the “tide turns,” there is no stopping its ebb until, much later, it reaches an extended, even a minus low. If you’re ashore in parts of Alaska, where a tide can run 20 feet, not embarking “at the flood” and waiting until […]
