Kitco News
(Kitco News) – The gold market still looks healthy despite Monday’s $100 price decline, the biggest one-day drop in seven years, according to one fund manager.
The post COVID-19 vaccine will be catalyst for higher inflation, so all road lead to gold – Incrementum AG appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold and silver futures prices are posting solid gains at midday Tuesday, but still have a way to go to reclaim Monday’s strong losses that produced some near-term chart damage.
The post Gold, silver bounce back Tuesday; bulls have more work to do appeared first on WorldSilverNews.
While there have always been sound money advocates who talked about silver, what’s rather intriguing to notice is how now even the big name banks are talking about silver.
To find out why, click to watch this week’s physical silver and gold market update with Andy Schectman of precious metals dealer Miles Franklin, where he explains what’s happening, and how his customers are responding!
Chris Marcus
Tue, 11/10/2020 – 11:11
Mining.com/Rob Tyson/11-6-2020
“One of the things he researched was how much Roman army bigwigs were paid back in the day (around 2000 years ago). According to the meticulous Roman records of the time, their centurions were paid in coins, and the value of the gold in those coins at the time translates more or less equally into the $ value salary of a modern day US army captain. This, along with various other examples, indicates that ‘the same amount of gold had the same value relative to household expenses in the Roman Empire as it does now. …. That means over all those centuries, the rise in the price of gold has equalled the rise in overall prices.”’
USAGOLD note: This article makes a strong argument for gold’s long-term utility as a store of value. For those whose interest level has risen in the wake of yesterday’s sharp decline, this article will serve as a thorough introduction to the fundamental philosophy arguing in its favor.
The post The future for gold – is it brighter than ever? first appeared on Today’s top gold news and opinion.
National Review/Brian Riedl/11-6-2020
“The public debate on taxes, spending, and deficits consists mostly of lazy conventional wisdom that is largely incorrect.”
USAGOLD note: With that as the intro, Riedl, a senior fellow at the Manhattan Institute, goes on to debunk in short order seven myths about government finances …… For those of you who did not see the November issue of News & Views, we delve into the subject of government finances and what it might mean for the gold market over the long run. The chart featured below is one of a group you might find interesting.
Sources: St. Louis Federal Reserve [FRED], U.S. Bureau of Economic Analysis
Click to enlarge
The post Myths and realities on government finance first appeared on Today’s top gold news and opinion.
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The post https://www.usagold.com/cpmforum/2020/11/307677/ first appeared on Today’s top gold news and opinion.
Bloomberg/Anna Baraulina, Aine Quinn and Yuliya Fedorinova
“VTB Bank PJSC, Russia’s second-biggest lender, is betting on gold and other precious metals to boost profits this year as investors flock to havens amid the global pandemic. The bank is prioritizing physical gold trading, as well as lending to mining companies and deals with their shares, because they are one of the few sectors to benefit from Covid-19, First Deputy Chairman Yuri Soloviev said in an interview.”
USAGOLD note: VTB Bank is not the only high profile commercial bank to take a position in precious metals over the past few years. The list is long and getting longer by the day.
Repost from 11-5-2020
The post Russia’s top gold buyer bets on precious metals as virus rages first appeared on Today’s top gold news and opinion.
Daniel Lacalle
“Central banks continue to be obsessed with inflation. Current monetary policy is like the behaviour of a reckless driver running at 200 miles per hour, looking at the rear-view mirror and thinking ‘we have not crashed yet, let’s accelerate’.”
USAGOLD note: A different view of the real inflation level in this well-constructed essay that ends with familiar conclusions about the winners and losers ……
Repost from 11-4-2020
The post Inflation is not a social policy first appeared on Today’s top gold news and opinion.