“”silver price”” – Google News
SilverCrest talks legal action over bought deal financing Resource World Magazine
The post SilverCrest talks legal action over bought deal financing – Resource World Magazine appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Governments and central bank are throwing everything they can to shore up the global economy in the face of an impending recession; however, some analysts and economists are now looking at the staggering costs to fight spreading coronavirus.
The post Fed balance sheet can grow to $6 trillion or higher in fight against COVID-19 – analysts appeared first on WorldSilverNews.
Chile mine construction halted, Peru silver mines suspended amid virus fears Prince George Citizen
Massive silver price drop triggers a ‘rush to buy’ in India – INTL FCStone Kitco NEWS
Barron’s Penta/Abby Schultz/3-17-2020
“As stock markets dropped precipitously in recent days, the price of gold – considered a safe haven from riskier assets like stocks – has fallen too. But gold didn’t fall nearly as much. True, the front month of Comex gold for March delivery – one measure of the yellow metal – lost 11.26% in the last five trading sessions to end at $1,485.90 on Monday. Yet consider that the 1.97% drop on Monday took place as the Standard & Poor’s 500 tumbled nearly 12%.”
USAGOLD note: A point similar to the one we made in our Afternoon Update last Friday (A little perspective ……) which included the two charts immediately below. The first shows gold outperforming stocks by a wide margin over the past 12 months. The second shows gold outperforming stocks by a wide margin year to date. Most of the recent correction in the gold price is accounted for in both charts.
Bloomberg/Michelle Jamrisko/3-17-2020
“Investors are fleeing emerging markets in record numbers and piling into the safe-haven greenback, with two emergency interest-rate cuts this month by the Federal Reserve doing nothing to diminish the dollar’s appeal.”
USAGOLD note: The dollar’s V-shaped recovery comes as a surprise and will weigh heavily on emerging states having to make principal and interest payments on dollar-based debts. It has also been a key influence in gold’s selloff today.
Not a day goes by, that one gold ETF or another is reporting on the gains to its stockpile. Most of those gains come from financial institutions and hedge funds boosting their portfolio positions. We do not in any way denigrate the importance of this Wall Street move to gold. In fact, their presence in the gold market has been one of the market mainstays over the past few years and a welcome addition to the ranks of gold owners.
At the same time, for the Main Street safe-haven investor ownership through an ETF might not be the best approach. Gold ETFs, says Simon Black of the SovereignMan website, are “purely a financial product that defeats the entire purpose of owning gold to begin with. Why turn one of the best, longest-standing physical assets in the history of the world into a paper asset? With this type of debt instrument, you don’t actually own the gold yourself. You become a creditor with nothing more than a claim on someone else’s gold.” At USAGOLD, we have an answer for that . . .
The Precious Metals Safe Storage Advantage
It only takes a few minutes to complete a Precious Metals Safe Storage account opening form, but it could mean all the difference for the investor seeking a superior alternative to gold and silver ETFs. We use the word “superior” because depository storage accounts come with an option not readily available in most ETF accounts – You can take delivery of the metal in your account, or any portion of it, whenever you wish.
At the same time, given the exclusive preferred referral storage rate you receive by opening your storage account through USAGOLD, the annual cost to maintain your holdings is comparable (and often lower) to what most ETF vendors charge in annual fees. All the while, your metal is stored safely and fully insured at one of America’s oldest, largest and respected independent depositories – a firm with which we personally have done business for decades. To get started, we invite you to go to the link immediately below and fill out the application.
Account Form – Precious Metals Storage Account
Please call or email if you have questions.
1-800-869-5115 Ext#100
orderdesk@usagold.com
Gold prices sharply down as dread pervasive in marketplace Kitco NEWS
Jim Rickards: economic freeze is here, get gold, silver if you can and get ready Kitco NEWS
Coronavirus panic to keep gold price range bound between $1525 and $1575 – Aberdeen Standard Investments Kitco NEWS