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Asian Gold Demand to Hit Second Quarter Record Reuters – According to the latest report from the World Gold Council, Asian gold demand is on its way to breaking a second quarter record in 2013. Gold’s April price drop triggered huge liquidations of ETF positions in the West, while Asian consumers took advantage of the […]
In his latest exclusive video on the gold market, Peter Schiff answers the question on everybody’s mind: “Where is the bottom in gold and is it time to sell?” Peter explains how speculative money drove the current decline in the price and why the strong fundamentals of gold indicate the price may rise even faster […]
Gold Boasts Biggest Weekly Gain Since 2011 Reuters – From a two-year low of $1,321 on April 16th, gold climbed to $1,471.05 on April 25th, making for the largest weekly price gain since October 2011. Continued strong fundamentals have contributed to gold’s recovery, including huge physical demand in Asia that has depleted supplies and raised […]
The Silver Institute has released its April newsletter. The publication has a handful of interesting articles about the latest technology in the silver industry, as well as new silver investment products on the market. Here’s a few of the highlights:
Argentinians Rushing to Gold Bloomberg – An escalating demand for gold in Argentina has exhausted the scrap stores of Banco de la Ciudad de Buenos Aires. Banco Ciudad became Argentina’s only gold trader after President Cristina Fernandez de Kirchner banned purchases of 99.99% pure gold for savings last July. To avoid this restriction, the bank […]
UBS Predicts Major Gold Rally MarketWatch – UBS, the biggest bank in Switzerland, says US monetary policy will favorably influence the price of gold in the latter part of 2013. Gold’s sell-off in mid-February is attributed to the belief that the Fed will end quantitative easing sooner than expected. However, as UBS analyst Julien Garren […]
In this special video, Peter Schiff demonstrates a new and exciting gold product manufactured by the prestigious Valcambi Suisse refinery. This 50-gram “chocolate bar” of gold can be broken into individual 1-gram gold bars – perfect for barter transactions! SchiffGold has some of the most competitive rates on this exciting new product. Call 1-800-GOLD-160 to talk […]
Germany Repatriating Gold in Case of Currency Crisis Forbes – Germany’s central bank announced plans to bring 50% of its total gold reserves back to Frankfurt from the US and France. 300 tons of gold will be moved from the NY Fed to the Bundesbank over the next seven years. A Buba spokesman said they […]
American Eagle Gold Coin Sales Skyrocket Financial Times / CNBC – November saw a 131% increase of US American Eagle gold coins sales, the highest rate in two years. The rush started right after the re-election of President Barack Obama, indicating that many investors have lost faith in a near-term solution to the United States’ […]
News keeps coming in of central banks increasing their gold reserves. From Russia to Korea to Iraq, it seems bankers around the world are preparing for the worst as governments continue to crank out fiat currency. Brazil is leading the pack by more than doubling their gold holdings since August:
