It’s a historical time in the gold market, as the price has pierced the psychological barrier of $1900. Not since August 2011—almost nine years ago—has gold been above $1900 an ounce. At $1900, gold is now up 25.4% on the year. Gold could also make history today: if the price closes at $1,905 or higher, […]
7 July 2020 By Paul R. La Monica, CNN Business: New York (CNN Business) These are strange times on Wall Street. Stocks are surging on optimism about a potential economic rebound. Yet investors are still very nervous about the growing threat of a second wave of Covid-19 cases in the United States.Just look at the rally in gold.The
Gold tops $1,800 and hits highest level since 2011 Read More »
22 Dec 2019 By Liz Lee, Reuters: KUALA LUMPUR (Reuters) – Iran, Malaysia, Turkey and Qatar are considering trading among themselves in gold and through a barter system as a hedge against any future economic sanctions on them, Malaysian Prime Minister Mahathir Mohamad said on Saturday. At the end of an Islamic summit in Malaysia,
Muslim nations consider gold, barter trade to beat sanctions Read More »
7 Dec 2019 From RTE: Eight thousand gold bars, worth around €4.5bn, have been returned to Poland from London after being spirited from the Eastern European country at the start of World War II. When war broke out in September 1939, Polish authorities arranged for the country’s entire reserve of gold to be evacuated. About 80
15 Nov 2019 By Ed Drake, CoinGeek.com: Authorities in Germany have ordered the immediate closure of a high profile crypto firm supposedly backed by gold, in response to allegations it was running as a pyramid scheme. BaFin regulators ordered the Belize-registered Karatbit Foundation to cease and desist and settle any claims that remain outstanding. The shutdown comes
26 Sep 2019 By Jeff Clark, Senior Analyst, GoldSilver: It happened with little fanfare, with virtually no reporting by the mainstream press. But this development signaled that one of the biggest gold-buying entities sees a growing need to own gold right now. Not only does it mean they will continue to buy, but their buying
16 Sep 2019 Jeff Clark & Mike Maloney, GoldSilver.com: I once asked my institutional investor friend, who used to work at Goldman Sachs and has been a gold owner for many years, what would make him buy more bullion. Without hesitation he said, “When the price breaks out.” Well, as is clear to the world, gold
What a Gold Shock Could Look Like: Institutional Investors Start Buying Read More »
4 Jun 2019 By Steve Hanke, Forbes.com: Last week in Tokyo, while addressing the 25th International Conference on the Future of Asia (Nikkei Conference), Malaysia’s Prime Minister, the venerable Mahathir Mohamad, went for gold. He brought the audience to attention by proposing an Asian currency linked to gold. Dr. Mahathir argued that such a currency would
3 June 2019 By Adam Garrie, EurasiaFuture: Dr. M goes for gold Veteran Malaysian Prime Minister Mahathir Mohamad has made a speech calling for all of east Asia to begin trading on the basis of a new currency based on a classical gold standard. While Mahathir did not suggest that this currency should be used
Mahathir Mohamad Makes Incredibly Important Speech Endorsing Gold Standard Read More »
22 Mar 2019 By Mike Maloney, GoldSilver.com: Gold will soon be classified as 0% RISK asset class by the banks!
