Tag: Gold

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Gold forecasts ahead of the election, Powell feints as U.S. economy crumbles, and Kuwait bolsters its place on the list of gold consumers.

Experts forecast a shaky dollar will send gold to $2,500 next year

For all the bearishness we’ve seen this year regarding gold in the headlines, it seems gloomy forecasts for a 12-month period are hard to come by. British research firm Capital Economics, for example, expects gold to end next year around $2,100, with rate cuts as the primary driver.

Continue reading “Dollar Weakness May Send Gold Surging to This Staggering Figure”

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Central bank gold buying on track to shatter last year’s record, a different take on gold’s price and who wants a gold token instead of physical gold?

2023 may set another new record for central bank gold buying

Chris Powell, a member of the Gold Anti-Trust Action Committee, has published a hard-hitting analysis covering a lot of ground on the topic of gold price suppression. He believes individual investors must come to terms with the idea of governmental institutions actively manipulating the gold market sooner rather than later. In order to navigate the changing global financial system, we can’t quite trust the free market, he claims.

I’m not 100% sold on his thesis, but he makes some incredibly interesting points. Here’s a summary:

Continue reading “Central Banks Are Making HUGE Gold Moves (New Report)”

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold doesn’t want to leave $2,000, how the U.S. government has indebted you by around $100,000, and Canada releases 2023 coin from single-source mine.

Forecasters predict $2,050-$2,075 as the next key targets for gold price

The last week has shown us two things, if everything else remains a little muddy: gold’s price was driven in some degree by the Israel-Hamas conflict. While having its ups and downs over the past week, gold sat above $2,000 since Friday.

Continue reading “When Investors Sour on Risk, They Buy This”

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold hits 5-month high, Middle Eastern gold trends, and there’s a rate hike cycle going on, remember?

Gold nears $2,000 for the third time in three years

It’s not the most accurate thing to say, perhaps, from a technical standpoint, as gold has seesawed across that level quite a bit over the last three years. But in that time, there were three spectacles that brought gold to $2,000 from various sideways trades. Those were the lockdowns, the Russia-Ukraine war and now the conflict between Israel and Hamas.

The strength of gold’s performance continues to affirm that investors are concerned. There has already been an oil price spike related to Saudi Arabian cuts after Russia invaded Ukraine. To the Saudis, that conflict was a lot more proxy than the latest one. Now closer to home, whether this and many other Middle Eastern nations get involved is on everyone’s radar.

Continue reading “The Next Gold Bull Market Could Be Around the Corner”

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: What gold is worth in China, lessons from the yen’s former haven status, and a broader overview of coming economic changes.

Why Chinese gold premiums recently hit record highs

Alasdair MacLeod delved deep into a few gold market highlights recently, with the primary story explaining Chinese gold premiums. This isn’t “merely” a case of gold outperforming in a non-dollar currency, as has been the case in virtually every foreign country.

No, Chinese gold is, simply put, more expensive to purchase. Last week, premiums on the Shanghai Gold Exchange rose to $120 over the London price. What’s more, Chinese shoppers were willing to pay the higher price. Why?

Continue reading “Why Is Gold in China Worth More than Anywhere Else?”

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The not-so-hidden Chinese crisis, what we can expect from gold in the near-term, and a reminder on why only gold bullion cuts it.

The Chinese economic slump and the accompanying rush to gold

We’ve covered high Chinese premiums compared to the pricing in the West, with an ounce going for as much as $100 higher in the Asian nation than our own spot. We’ve entertained various theories as to why this might be the case, but Frank Holmes presents us with a straightforward explanation: China is experiencing an economic crisis.

Continue reading “China’s Economic Crisis Drives Frantic Gold Buying”

From Peter Reagan at Birch Gold Group

At the Federal Reserve’s annual conference in Jackson Hole, Wyoming, participants came to a rather disturbing economic realization.

The so-called “experts” at the central banks who are trying to lead the United States out of the current economic mess marked by persistent inflation – could be doing so without understanding where things truly are, nor in what direction they are truly headed.

But let’s not get ahead of ourselves. Let’s start with a summary of Federal Reserve Chairman Powell’s opening remarks, summarized by Barron’s:

Continue reading “The Fed Is Flying America into an Economic Storm”

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Investment firm sounds off on gold investment in a commodities era, gold standard and why we might have been here before, and did you notice gold hit another ATH in the Japanese yen?

Why gold, the “king of commodities,” will become increasingly vital

We have been treated to three successive analyses by Goehring & Rozencwajg (G&R) in the span of a month, all of which support gold investment for totally different economic reasons. The latest analysis, which focuses on natural resources more than anything else, explains why gold is becoming the must-have asset for the years ahead.

Not only gold, though… Uranium, oil and copper, too. These make the short list of investments that G&R likes in the decade that’s underway. Fortunately, gold is considerably more accessible and compact (and doesn’t cause radiation poisoning).

Continue reading “Here’s Why Everyone Will Need Gold Soon”

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold’s price holding up even though interest rates keep rising, the real story of inflation, and gold remains a key asset for the new global economy.

Gold’s outperformance is becoming a hallmark of this hiking cycle

What’s the most interesting thing about the current hiking cycle? We’re tempted to go with some of the more obvious facets. Interest rates have seen their steepest rise since the 1970s. Maybe the perpetually-increasing number of recessionary risks this has caused instead?

Continue reading “Why Gold Keeps Outperforming (Despite Interest Rates)”

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: U.S. credit rating and de-dollarization, China boosts official gold reserves for 9th consecutive month, and South Africa’s gold mines are under heavy stress.

What does the U.S. credit downgrade mean for the dollar, and for gold?

This recent analysis of the Fitch downgrade of U.S. credit neglects a few key points. This most recent episode was neither the first time the U.S. debt ceiling was raised after a Congressional circus. Nor was it the first time the nation’s credit rating suffered. While debt ceiling standoffs have become business-as-usual in Washington, it’s useful to reflect on the previous downgrade.

The last U.S. credit downgrade happened by 2011, courtesy of Standard and Poors (also known as S&P). This was the first credit downgrade in U.S. history, at the tail end of a global financial crisis. In case you’ve forgotten, although the crisis was indeed global, the U.S. took center stage.

Continue reading “Is the U.S. Credit Downgrade Good for Gold?”

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Understanding why gold’s price rises despite higher interest rates, the trouble with “tokenized gold” and platinum might be the diversification asset you need.

Fed hikes, dollar falls, gold rises… strange?

The Federal Reserve’s 25-basis point rate hike placed the Effective Federal Funds Rate (EFFR) at its highest level in 22 years. By all accounts, gold should have plummeted. Doesn’t everyone know that rate hikes are bad for the price of gold?

Here’s the logic behind that assumption:

• When interest rates are low, investors aren’t compensated very much for holding cash, or for loaning it out
• When interest rates are high, holding cash or making loans is more profitable

Furthermore, high interest rates tend to strengthen the dollar against other currencies – which pushes gold’s price down.

Continue reading “Why Gold’s Price Is Rising (and Not Slowing Down)”

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: WisdomTree’s case for $2,500 gold, Peter Schiff has some choice wording regarding inflation, and how China is using gold to defend the yuan.

Analyst predicts new all-time high for gold (within the next 12 months)

WisdomTree’s Nitesh Shah, head of commodities and macroeconomic research, analyzed the bullish and bearish scenarios for gold in the year ahead. It seems that the former is a little more believable. Shah believes all it will take for gold to reach $2,225 next year will be a meeting of, “consensus expectations.”

And, interestingly, these consensus expectations don’t look beneficial to today’s gold price at first… Shah lists the factors: continued decline of inflation, a weakening of the U.S. dollar (as a result of a pause in the Fed’s rate hikes) and the accompanying fall in yields.

Continue reading “Analyst: Gold Just 12 Months Away from New All-Time High”

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top news stories involving gold and the overall economy. Stories include: The trend of central bank gold repatriation, analyzing gold’s headwinds, and man from Kentucky finds 700 Civil War era coins almost in his backyard.

Central banks want their gold back home

The Deutsche Bundesbank (Germany’s central bank) was really the first to begin repatriating its gold in the post-Great Financial Crisis era. The nation’s gold reserves had been under custodial care in London, New York and Paris. As of 2017, fully half Germany’s gold reserves reside in the Bundesbank vaults in Frankfurt.

The motive?

Continue reading “Why Countries Are Desperate to Bring Their Gold Home”

Via Birch Gold

The US dollar has been the world standard for currency since the end of World War II – but there are legitimate contenders that could take that title away. Whether it’s the relatively new BRICS conglomerate of economic powerhouses, the Chinese Yuan, or even digital currencies like Bitcoin, the options are numerous for the world to step away from the dollar as its value continues to sink and the instability of American politics puts a strain on the once unstoppable greenback.

Continue reading “Could a New World Currency Dethrone the Dollar?”