Tag Archives: gold price

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Grain of Salt Required The price of gold fell $7, and that of silver 24 cents. This was a holiday shortened week, due to Thanksgiving on Thursday in the US (and likely thin trading and poor liquidity on Wednesday and Friday). So take the numbers this week, including the basis, with a grain of that once-monetary commodity,...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. A Different Vantage Point The prices of the metals were up slightly this week. But in between, there was some exciting price action. Monday morning (as reckoned in Arizona), the prices of the metals spiked up, taking silver from under $16.90 to over $17.25. Then, in a series of waves, the price came back down to within...

– Gold versus bitcoin debate makes further headlines as tech experts weigh in – Peter Thiel tells Saudi conference he believes bitcoin is underestimated and compares to gold – Steve Wozniak tells Money 20/20 that bitcoin is a better standard of value than gold and U.S. dollar -Both men recognise that the US dollar has little value and there are worthy competitors to its crown as reserve currency – Gold continues to hold...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Rumors Driving Short Term Price Swings The prices of the metals dropped a bit more this week, -$7 and -$0.16. We all know the dollar is going down, that it is the stated policy of the Federal Reserve to make it go down. We all know that gold has been valued for thousands of years. So why do we measure the timeless metal...

– Gold is better store of value than bitcoin – Goldman Sachs report– Gold will continue to perform well thanks to uncertainty and wealth demand– Bitcoin’s volatility continues to impact its role as money– Gold up 12% in 2017, bitcoin over 600% – BTC is six times more volatile than gold – see chart– Gold’s history and physical property shows it meets requirements as a medium of exchange and store of value Bitcoin Price...

– Russia adds 1.1 million ounces to reserves in ongoing diversification from USD – 34 ton addition brings Russia’s Central Bank holdings to 1,779t; 6th highest – Russia’s gold reserves are at highest point in Putin’s 17-year reign – Russia’s central bank will buy gold for its reserves on the Moscow Exchange – Russia recognises gold’s role as independent currency and safe haven Russian Central Bank Gold Reserves, 2006 -...

– Next Wall Street Crash looms? Lessons on anniversary of crash – 30 years since stock market  ‘Black Monday’ crash of 1987 – Dow Jones Industrial Average fell 22.6% on October 19, 1987 – S&P 500, FTSE and DAX fell 20%, 11% & 9% respectively – Gold rose 24.5% in 1987 (see chart), acting as safe haven  – Prior to crash, stocks hit successive record highs despite imbalances – Imbalances that lead to 1987 crash are...

Every year, Ronald-Peter Stoeferle and Mark J Valek of investment and asset management company Incrementum put together the report In Gold We Trust – 160-plus pages of charts and thoughts, mostly gold-related, on the state of the world’s finances. There’s so much to look at and consider. It’s a sort of digital equivalent of a coffee-table book. Yesterday I got an email from them, containing a “best of” – a compendium of...

– 10 year anniversary of pre-Global Financial Crisis market peak in S&P 500 on October 9th– Gold up 74% since the last market peak a decade ago; 11% pa in USD, 9.4% pa in EUR and 12.4% pa in GBP– Precious metal has climbed $736/oz on Oct 9th 2007 to $1278.75 ten-years later– S&P 500’s 102% climb is thanks to asset-pumping policies by central banks, rather than value– Gold’s performance is slowly forcing...

– 10 year anniversary of pre-Global Financial Crisis market peak in S&P 500 on October 9th– Gold up 74% since the last market peak a decade ago; 11% pa in USD, 9.4% pa in EUR and 12.4% pa in GBP– Precious metal has climbed $736/oz on Oct 9th 2007 to $1278.75 ten-years later– S&P 500’s 102% climb is thanks to asset-pumping policies by central banks, rather than value– Gold’s performance is slowly forcing...