Articles related to LBMA
 
Jan Skoyles - GoldCore
Bitcoin Price Falls 40 In 3 Days Underlining Gold’s Safe Haven Credentials
– Bitcoin price action shows cryptos vulnerable to commentary and government policies – Bitcoin falls to low of $2,980, down by $1,000 in week as China flexes muscles – Volatility major issue: In 3 days btc fell 40% before bouncing 25% off lows – BIS state risks of cryptos cannot yet be fully assessed and says technology still unproven – Apple and Google developing a payment API for cryptos – may give governments full oversight – Bitcoin and cryptos current volatility and exposure to governments
Monday, September 18, 2017
Jan Skoyles - GoldCore
Gold Up, Markets Fatigued As War Talk Boils Over
North Korea threatens to reduce the U.S. to ‘ashes and darkness’ Markets becoming used to ongoing provocations from North Korea Russia and China continue to support watered down versions of sanctions on Kim’s regime Both NATO and Russia running war games on one another’s borders Putin says Russia will “give a suitable response” to NATOs threatening behaviour Gold set to climb as fears over economy and war will drive safe haven demand Source: Bloomberg This year North Korea has launched a dozen
Friday, September 15, 2017
Jan Skoyles - GoldCore
Massive Equifax Hack Shows Cyber Risk to Deposits and Investments Today
44% of US population affected by Equifax hack Hackers took names, birthdays and addresses, Social Security and driver’s license numbers Steve Mnuchin “concerned about the global financial system and keeping it safe,” Hacks is a reminder of the vulnerabilities created in a connected world Cyber security is a major threat to both banking and financial industry Investors should hold physical gold as insurance against hacking and cyber attacks Last week 143 million people woke up to the news that
Friday, September 15, 2017
Jan Skoyles - GoldCore
Oil Rich Venezuela Stops Accepting Dollars
President Maduro ‘ Venezuela will create a basket of currencies to free us from the dollar,” Oil traders ordered to stop accepting U.S. dollar in exchange for crude oil Order comes following calls from Russia and China to find alternatives to current reserve system U.S. Dollar accounts for two-thirds of global trade Venezuela has over ten-times more oil than United States Super powers are gradually turning to gold to avoid using world’s main reserve currency Are we seeing the beginning of the en
Thursday, September 14, 2017
Mark O'Byrne - gold.ie
British People Suddenly Stopped Buying Cars
– British people suddenly stopped buying cars – Massive debt including car loans, very low household savings – Brexit and decline in sterling and consumer confidence impacts – New cars being bought on PCP by people who could not normally afford them – UK car business has ‘exactly the same problems’ as the mortgage market 10 years ago, according to Morgan Stanley – Bank of England is investigating to make sure UK banks are not overly exposed… – Prudent British people buying gold with cash, not ca
Tuesday, September 12, 2017
Mark O'Byrne - gold.ie
Buy Gold for Long Term as “Fiat Money Is Doomed”
– Buy gold for long term as fiat money is doomed warns Frisby – Gold’s “winning streak” will continue in long term – September is traditionally a good month for gold, as we head into the Indian wedding season – “It’s just a matter of time before gold comes good again…” by Dominic Frisby, Money Week Today folks, by popular demand, we’re talking gold. It’s had a nice summer run. What now? Gold has been buoyed by the North Korea scare Let’s start with an update. Back in July I suggested a flip tra
Monday, September 11, 2017
Jan Skoyles - GoldCore
Conor McGregor – Worth His Weight In Gold?
– Conor McGregor, MMA champion has gold statue made of him – If McGregor was cast in investment grade gold bullion he would be worth … – If Mayweather were cast in gold he would be worth $2.7m – Ali once fought equivalent of MMA fighter and nearly lost use of his legs – Gold continues to be seen as the ultimate prize in sport – Gold a great prize but true value is as a safe haven At the moment there are some heated debates going on about statues that some believe should no longer stand. Many of
Monday, September 11, 2017
Jan Skoyles - GoldCore
Gold Has 2 Weekly Gain,18 Higher YTD – Trump’s Debt Ceiling Deal Hurts Dollar
– Gold hits $1,355/oz as USD at 32-month low -concerns about Trump, US economy – Silver and platinum 2.3% and 1.2% higher in week; palladium 3% lower – Euro Stoxx flat for week – S&P 500, Nikkei down 0.65% and 2.2% – Geo-political concerns including North Korea, falling USD push gold 2.1% in week – Gold prices reach $1,355 this morning following Mexico earthquake – Safe haven demand sees gold over one year high, highest since August 2016 – Silver touches $18.24 – highest level since April 2017 –
Saturday, September 9, 2017
Jan Skoyles - GoldCore
‘Things Have Been Going Up For Too Long’ – Goldman CEO
– “Things have been going up for too long…” – Goldman Sachs’ CEO – Lloyd Blankfein, Goldman CEO “unnerved by market” (see video) – Bitcoin bubble is no outlier says Bank of America Merrill Lynch – Bubbles are everywhere including London property – $14 trillion of monetary stimulus has pushed investors to take more risks – We are now in a new era of bigger booms and bigger busts – BAML – “Seeing signs of bubbles in more and more parts of the capital market” – Deutsche Banks’ John Cryan – Global d
Thursday, September 7, 2017
Bullion Vault
Gold Prices Slip vs. Euro as ECB Holds Rates + QE, Fall vs. Loonie as BoC Hikes
GOLD PRICES in London rose back towards 12-month highs above $1340 in Dollar terms on Thursday morning but slipped versus the Euro as the European Central Bank left its negative interest rates and €60 billion per month QE bond-buying scheme untouched. The Bank of Canada yesterday raised its key interest rate for the second time in 2 months, hiking to 1% and calling the country's second quarter annual GDP growth of 4.5% " broadly base
Thursday, September 7, 2017
Jan Skoyles - GoldCore
Physical Gold In Vault Is “True Hedge of Last Resort” – Goldman Sachs
– Physical gold is “the true currency of the last resort” – Goldman Sachs – “Gold is a good hedge against geopolitical risks when the event leads to a debasement of the dollar” – Trump and Washington risk bigger driver of gold than risks such as North Korea – Recent events such as N. Korea only explain fraction of 2017 gold price rally – Do not buy gold futures or ETFs rather “physical gold in a vault” [is] the “true hedge” Editor: Mark O’Byrne What’s increasing the demand for gold? Is it Kim J
Wednesday, September 6, 2017
Jan Skoyles - GoldCore
  Bitcoin Falls 20 as Mobius and Chinese Regulators Warn
– Bitcoin falls 20% as Mobius and Chinese regulators warn – “Cryptocurrencies are beginning to get out of control” – warns respected investor Mark Mobius – Mobius believes governments will begin to clamp down on cryptocurrencies sparking rush to gold – Yesterday China’s PBOC ruled Initial Coin Offerings (ICOs) are illegal and all related activity to halt – China is home to majority of bitcoin miners – Paris Hilton latest celebrity to support an ICO – Gold’s return of 16% YTD look ‘dull’ or ‘stab
Wednesday, September 6, 2017
Jan Skoyles - GoldCore
Gold Surges To $1338 as U.S. Warns of ‘Massive’ Military Response
Irishman creates gold statue of MMA champion fighter Conor McGregor If McGregor cast in gold would be worth … If Mayweather were cast in gold he would be worth $2.7m Federer golden statue worth more than Andy Murray cast in gold Ali once fought equivalent of MMA fighter and nearly ended career Gold continues to be seen as the ultimate prize by athletes Gold teaches us to take our time and protect ourselves from risk At the moment there are some heated debates going on about statues that some b
Tuesday, September 5, 2017
Egon von Greyerz - Matterhorn AM
  THERE JUST ISN’T ENOUGH GOLD
There are lies damned lies and Central Bank Gold statistics. Total official global gold holdings are reported to be 33,000 tonnes. That is 19% of all the gold ever produced in the world. But how can anyone ever believe any of these figures. Because no central bank ever has a public audit of all its gold holdings. Since the gold belongs to the people, they have the right to know if the gold actually exists, especially since the gold reserves are backing the currency. Why is the US gold not audite
Monday, September 4, 2017
Jan Skoyles -
Gold Reset To $10,000/oz Coming “By January 1, 2018” – Rickards
– Trump could be planning a radical “reboot” of the U.S. dollar – Currency reboot will see leading nations devalue their currencies against gold – New gold price would be nearly 8 times higher at $10,000/oz – Price based on mass exit of foreign governments and investors from the US Dollar – US total debt now over $80 Trillion – $20T national debt and $60T consumer debt – Monetary reboot or currency devaluation seen frequently – even modern history – Buy gold eagles, silver eagles including monst
Friday, September 1, 2017
Jan Skoyles - Goldcore
Precious Metals Outperform Markets In August – Gold +4, Silver +5
– All four precious metals outperform markets in August – Gold posts best month since January, up nearly 4% – Gold reaches highest price since US election, climbs due to uncertainty and safe haven demand – S&P 500 marginally higher; Euro Stoxx, Nikkei lower for month – Platinum is best performing metal climbing over 5% – Palladium climbs over 4% thanks to seven year supply squeeze – Fear, uncertainty and political sanctions are amongst biggest drivers for precious metals – Never been a better ti
Friday, September 1, 2017
Mark O'Byrne - gold.ie
4 Reasons Why “Gold Has Entered A New Bull Market” – Schroders
– 4 reasons why “gold has entered a new bull market” – Schroders – Market complacency is key to gold bull market say Schroders – Investors are currently pricing in the most benign risk environment in history as seen in the VIX – History shows gold has the potential to perform very well in periods of stock market weakness (see chart) – You should buy insurance when insurers don’t believe that the “risk event” will happen – Very high Chinese gold demand, negative global interest rates and a weak d
Thursday, August 31, 2017
Jan Skoyles -
Gold Surges 2.6 After Jackson Hole and N. Korean Missile
– Gold surges as N. Korea fires ballistic missile over Japan – Safe haven buying sees gold break out to 10-month high after Jackson Hole and rising North Korea risk of attack on Guam – South Korea’s air force dropped eight MK 84 bombs near Seoul;  simulating the destruction of North Korea’s leadership – Gold rises from $1,291 to $1,325; Silver surges 3.2% from $17.05 to $17.60 – Volatility as seen in VIX surges as stocks fall; FTSE -1.1% – Yen rises in short term but no safe haven in long term w
Wednesday, August 30, 2017
Phoenix Capital - Gains Pains & Capital
Buy Gold As Washington "Stumbles" Advise Blackrock
Buy Gold As Washington "Stumbles" Advise Blackrock - Gold set to shine as Washington stumbles- "Bet on gold’s diversifying properties rather than political stability"- World's largest asset manager believes Trump and political drama in the U.S. means gold likely to rise-  Real rates flattening out and rising political instability - Blackrock’s Koesterich- “For now my bias would be to stick with gold” - Blackrock- U.S. debt ceiling issue to be fractious as bankrupt U.S. hits $20 trillion debt- In
Monday, August 28, 2017
Mark O'Byrne - gold.ie
Diversify Into Gold On U.S. “Political Instability” Advise Blackrock
– Gold set to shine as Washington stumbles – “Bet on gold’s diversifying properties rather than political stability” – World’s largest asset manager believes Trump and political drama in the U.S. means gold likely to rise –  Real rates flattening out and rising political instability – Blackrock’s Koesterich – “For now my bias would be to stick with gold” – Blackrock – U.S. debt ceiling issue to be fractious as bankrupt U.S. hits $20 trillion debt – Investors will again turn to gold in coming pol
Monday, August 28, 2017
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