Tag Archives: Daily Market Update

– We own gold bullion to “support national security” – Russian Central Bank– Russia warns Washington: Confiscating fx reserves would be “declaration of financial war” – Russia has quadrupled its gold bullion reserves in decade – BRICs discussing ‘the possibility of establishing a single (system of) gold trade’ – Russia, China & maybe Saudi Arabia form alliances to unseat petrodollar – Putin warns state-owned and...

– Bitcoin tops $10,000, soaring more than 850% since beginning of 2017 – Irrational exuberance arguably main driver of price performance – Google Trends shows search for ‘Bitcoin Bubble’ hit highest level this morning – Buyers need to be aware of hacking and security risks – Other primary risks to widespread adoption is volatility and liquidity risk – World’s largest online trading platform IG Markets suspends BTC...

– Geopolitical risk highest “in four decades” should push gold higher – Citi – Elections, political and macroeconomic crises and war lead to gold investment – Political uncertainty in Germany means “gold likely to remain in good demand as a safe haven” say Commerzbank–  “There has rarely been such political uncertainty in Germany at any time in the country’s post-war history” – Commerzbank – Reduce counter party risk:...

Gold versus Bitcoin: The pro-gold argument takes shape Why cryptocurrencies will not replace gold as a store of value Similarities between crypto and gold but that does not make them substitutes Gold remains a highly liquid market, cryptocurrencies continue to be fragmented and difficult to spend Bitcoin does not make it an effective hedge against stocks This weekend saw bitcoin shoot up over $8,000 and Bloomberg...

– Brexit budget – Grim outlook as UK economic forecasts downgrade – UK Chancellor uses housing market policy as smoke-screen for deteriorating economy – UK budget matters more than ever due to BREXIT risks – Policy on stamp duty will fail to aid worsening housing market – Real GDP expected to grow by just 1.5%, 40% less than projections 2 years ago – Households now face an unprecedented 17 years of stagnation in...

Money and Markets Infographic Shows Silver Most Undervalued Asset – Silver remains severely under owned and under valued asset – Entire silver market worth tiny $100 billion shown in one tiny square – “All of the World’s Money and Markets in One Visualization”– Must see ‘Money and Markets’ infographic shows relative size of key markets: silver bullion, gold bullion, cryptocurrencies/ bitcoin, largest companies, 50...

– UK debt crisis is here – consumer spending, employment and sterling fall while inflation takes off – Personal debt crisis coming to fore – litigation cases go beyond 2008 levels – October consumer spending fell by 2% in October, the fastest year-on-year decline in four years– Britons ‘face expensive Christmas dinner’ as food price inflation soars – Gold investors buying physical gold due to precarious UK and...

– Protect Your Savings With Gold: ECB Propose End To Deposit Protection – New ECB paper proposes ‘covered deposits’ should be replaced to allow for more flexibility – Fear covered deposits may lead to a run on the banks – Savers should be reminded that a bank’s word is never its bond and to reduce counterparty exposure – Physical gold enable savers to stay out of banking system and reduce exposure to bail-ins -...

– Internet shutdowns (116 in two years) show physical gold is ultimate protection – Number of internet shutdowns increased in 2017 as 30 countries hit by shutdowns – Democratic India experienced 54 internet shutdowns in last two years; Brazil 2– EU country Estonia, a technologically advanced nation, experienced a shutdown – Gallup poll shows Americans more worried about cybercrime than violent crime – Governments use...

– Diversify, rebalance investments and prepare for interest rate rises – UK launches inquiry into household finances as £200bn debt pile looms – Centuries of data forewarn of rapid reversal from ultra low interest rates – 700-year average real interest rate is 4.78% (must see chart) – Massive global debt bubble – over $217 trillion (see table) – Global debt levels are building up to a gigantic tidal wave – Move to safe...