Just like many markets, the diamond market has changed dramatically amidst the COVID-19 pandemic. There is still a lot of speculation on how it will emerge and in what matter. The diamond prices are still dropping in the higher carat sizes and possibly showing some stability in the lower. The chart below gives […]
The post RETAIL DIAMOND PRICES – MAY 2020 appeared first on PriceScope.
Kitco News
(Kitco News) – Revenues from royalties and streams totaled $37.8 million, an increase of 13% from $33.5 million in the same quarter a year ago. The company listed 18,159 gold equivalent ounces, down from 19,753 a year ago. However, the average gold rose to $1,583 an ounce.
The post Osisko Gold Royalties reports higher adjusted 1Q profit appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Cash flow totaled $25.4 million at 7 cents per share.
The post Roxgold produces 32,380 ounces in Q1, maintains guidance appeared first on WorldSilverNews.
Kitco News
(Kitco News) – It will take some time before gold is ready for the $2,000 an ounce level as the road to new record highs is looking bumpier, according to TD Securities.
The post Gold’s price rally to $2,000 postponed till the end of 2021 — TD Securities appeared first on WorldSilverNews.
Over the last 50 years there have virtually been no significant Silver rallies during a period when the US Dollar index has been rising.
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Linked In/Ray Dalio/5-7-2020
“While people tend to think that a currency is pretty much a permanent thing and believe that ‘cash’ is the safe asset to hold, that’s not true because all currencies devalue or die and when they do cash and bonds (which are promises to receive currency) are devalued or wiped out. That is because printing a lot of currency and devaluing debt is the most expedient way of reducing or wiping out debt burdens. When the debt burdens are sufficiently reduced or eliminated, the credit/debt expansion cycles can begin all over again … “
USAGOLD note: Dalio goes on to offer a well-structured history lesson that begins with an observation: “Of the roughly 750 currencies that have existed since 1700, ” he says, “only about 20% remain, and of those that remain all have been devalued.” From there, he addresses the historical benefits of gold ownership. As most who frequent this page already know, Mr. Dalio, who heads up the world’s largest hedge fund, recommends gold ownership as a safe haven and store of wealth.
Chart courtesy of VisualCapitalist
The Indian Express/George Matthew/5-11-2020
“The Reserve Bank of India (RBI) bought 40.45 tonnes of gold in financial year 2019-20, taking its total holdings of the yellow metal to 653.01 tonnes. … As much as 360.71 tonnes of gold was held overseas in safe custody with the Bank of England and the Bank for International Settlements, while the remaining gold is held domestically, the RBI said …”
USAGOLD note: India has been adding to its reserves slowly but surely in recent years. This stockpile, however, pales in comparison to the 24,000 to 25,000 tonnes of the yellow metal held by India’s households per World Gold Council estimates. To give you an idea just how much gold the people of India own in the overall scheme of things, the total amount of gold held by governments and central banks globally is 33,976 tonnes, also according to World Gold Council statistics.
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