Tag: gold bullion

Perth Mint responds to gold, silver shortage allegations (Pt. 2/2)

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Post date June 11, 2021

Rumors have flowed online that The Perth Mint has a lack of physical silver as well as gold and that their swimming pool items, either designated or unallocated, do not have sufficient physical bullions backing them up.

" You can go to The Perth Mint's website and also there' a bulletin there that definitely denies those accusations," Kevin Rich, consultant to the Perth Mint, told David Lin, support for Kitco Information. "Those unallocated physical items are totally backed by physical item."

0:00 – Gold ETF streams
0:52 – Retail physical need
2:19 – Premiums
5:05 – Perth Mint stock
7:25 – Expectation for retail need
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This is the gold price should hyperinflation kick in – VanEck’s Joe Foster

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Post date January 25, 2021

Rising cost of living could run above the Federal Book's 2% target by as very early as April, claimed Joe Foster, profile supervisor of the VanEck International Investors Gold Fund, as well as a highly inflationary atmosphere will be the main stimulant behind gold rate breaching its previous all-time highs to reach over $3,000 an ounce.

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Kitco News

Will gold, silver bullion see severe shortages again? LBMA’s Ruth Crowell

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Post date December 21, 2020

With lockdowns returning to in Europe, worries climb that London, a major vaulting center, will certainly face logistical challenges in carrying and also servicing gold and silver bullion, similar to what took place in March that led to scarcities of the physical rare-earth elements markets.

Ruth Crowell, chief executive of the London Bullion Market Organization (LBMA), claimed that vaults and also company are a lot more ready this moment around.

" This is something we talk about in terms of prospective market disruptions, as well as part of our duty in regards to being that point of get in touch with for the framework service providers below in London is talking to the safes and also the carriers regarding just how are you all set … for COVID obstacles as well as Brexit obstacles. I assume the frustrating reaction is that they're very ready," Crowell said. "And also somehow having had the challenges of the pandemic in March as well as April has actually made the marketplace much more durable to those obstacles up ahead."

0:00 – LBMA's goal
1:30 – Logistical difficulties
7:01 – Brexit impact on markets
10:05 – Gold market overview
12:40 – LBMA standards

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Kitco News is the globe's # 1 source of metals market details. Our video clips include interviews with noticeable market numbers to bring you market-affecting insights, with the objective of helping people make informed financial investment choices.

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Kitco News

Why central banks stopped buying gold and ETF inflows plunged – Jeff Christian

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Post date September 24, 2020

August saw a falloff in gold-backed ETF inflows together with central banks slowing down their acquisitions.

Reserve banks have actually always been price-sensitive, stated Jeff Christian, taking care of companion of CPM Group, and also would certainly quit purchasing if the cost of gold is too expensive.

When it comes to exchange-traded fund (ETF) holdings, not all of the circulations this year was from investment need to start with.

" It was clear to us that some bullion financial institutions have been taking gold and silver, physical metal depositories, and also marketing that in exchange for recently provided shares of the ETFs, therefore some component of that [gold and silver ETF inflows] wasn't investment demand, it was financial institutions disgorging physical silver and also changing it on their annual report with ETF shares," Christian told Kitco News.
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Kitco News is the world's # 1 source of metals market info. Our videos feature meetings with noticeable industry figures to bring you market-affecting understandings, with the objective of helping individuals make notified financial investment decisions.

For even more breaking news, visit

Online gold cost as well as charts:.
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Don't fail to remember to sign up for Kitco News' Weekly Summary– appears every Friday to summarize the hottest tales & video clips of the week:.

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Kitco News

Gold price is flashing a ‘very good sign’ – Peter Hug

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Post date September 18, 2020

Silver and gold rates have been trading rangebound, however the price patterns recommend that the steels are presently combining as well as are ready to see the next step, claimed Peter Hug, worldwide trading director of Kitco Metals.

" The truth that people are not marketing right into a market that isn't as mad as it was a month or six weeks ago suggests to me that this market is establishing for the next leg higher once we survive this loan consolidation phase," Hug told Kitco News on Wednesday.
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Kitco Information is the world's # 1 resource of steels market information. Our videos include meetings with popular industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

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Kitco News

Ignore the noise, this is a race to the bottom – Peter Hug

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Post date September 4, 2020

With holidays and households getting ready for the fall, there are not that many traders, which results in all type of volatility, said Peter Hug, head of Kitco's rare-earth element department.

Hug spoke to Kitco Information on Wednesday when October gold futures traded down $35.40 to $1,935.40.

" During the last week of August, leading up to Labor Day, trading has a tendency to be really, very slim. Great deals of people are arranging their children for institution as well as attempting to take advantage of the recently of [unofficial] summer season. It does not take a whole lot to relocate the marketplaces," said Hug.

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Kitco News is the globe's # 1 resource of metals market details. Our video clips include meetings with famous industry numbers to bring you market-affecting understandings, with the objective helpful people make educated financial investment decisions.

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Live silver rate as well as charts:.

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Kitco News

You can’t call this market normal – Peter Hug

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Post date August 21, 2020

Regarding the sharp sell on Wednesday, Hug lays the blame on lots of lengthy placements that required lightening in advance of the Fed announcement.

" They were simply seeing to it that if the Fed claimed something different … they would be able to take some money off the table. And I assume that created the selling today," said Peter Hug, head of Kitco's precious metal department.
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Kitco Information is the world's # 1 source of metals market details. Our videos include meetings with noticeable market numbers to bring you market-affecting insights, with the goal of helping individuals make notified investment choices.

For more breaking news, go to

Online gold price as well as charts:.
Live silver cost as well as charts:.

Don't forget to enroll in Kitco News' Weekly Roundup– appears every Friday to summarize the hottest stories & video clips of the week:.

Join the conversation @ The Kitco Forums and also become part of the premier on-line area for precious metals financiers:.

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.

Kitco News

$3,400 gold price target still intact but ‘nothing goes straight up forever’ – VanEck

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Post date August 12, 2020

This gold rate modification is just an instance of cost debt consolidation, and also the longer-term bullish photo still remains undamaged, stated Joe Foster, portfolio supervisor of the VanEck International Investors Gold Fund, that preserves a $3,400 an ounce cost target.

" We've been searching for a pullback in the gold market. Nothing goes directly up for life. We had a really strong run, well over $2,000 an ounce, so we were expecting to see some consolidation in the marketplace as well as I assume that's what we're seeing today," Foster told Kitco Information.

Area gold last traded at $1916.80, down 5.5% on the day.
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Kitco News is the world's # 1 resource of steels market info. Our videos include meetings with noticeable sector numbers to bring you market-affecting insights, with the goal of helping people make informed financial investment choices.

For more breaking information, browse through

Live gold rate and also charts:.
Live silver cost and graphes:.

Do not fail to remember to enroll in Kitco News' Weekly Roundup– comes out every Friday to recap the most popular stories & video clips of the week:.

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.

Kitco News

What the gold price should be; this is not like 2008 says Peter Hug

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Post date May 14, 2020

Financiers have to remember that the fundamental cause of this existing economic crisis is different from that of the last one in 2008 and should price gold in appropriately, stated Peter Hug, worldwide trading director of Kitco Metals.

" This is not the monetary situation of 2008, this is a health and wellness crisis. Gold did rally from the $1,500 s to the mid-$ 1,700 s and also is currently straddling the $1,700 mark and every person's preparing for that gold must be $3,000 an ounce because of the Fed stimulation," Hug told Kitco News. "I'm simply not persuaded that enormous rising cost of living impends."
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Kitco News is the globe's # 1 resource of steels market information. Our videos feature meetings with popular sector figures to bring you market-affecting understandings, with the goal of helping individuals make notified investment choices.

For even more breaking information, see

Live gold cost and graphes:.
Live silver rate as well as charts:.

Don't fail to remember to enroll in Kitco News' Weekly Summary– appears every Friday to summarize the hottest tales & videos of the week:.

Sign up with the conversation @ The Kitco Forums as well as belong to the premier on the internet community for rare-earth elements financiers:.

Disclaimer: Videos are not trading advice and also the sights revealed might not show those of Kitco Metals Inc
.

Kitco News

Don’t fight central banks, own gold and silver – Andrew Hecht

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Post date May 14, 2020

Rare-earth elements investors should not be paying much interest to the short-term rate action in silver and gold. Rather, Andrew Hecht, creator of the regular Hecht Product Report, stated that unmatched financial as well as monetary stimulation will eventually drive gold costs to tape-record highs in the long-lasting.

In a meeting with Kitco News, Hecht said that he continues to see similarities in between the cost activity in gold during the 2008 financial crisis and also present market problems as the international economy has been devastated by the COVID-19 pandemic.

" In 2008 the U.S. Federal Reserve and all the reserve banks around the world placed great deals of stimulation right into the system, and also it resulted in a general rally in commodities. Silver and gold especially succeeded," he claimed. "I'm not mosting likely to ever battle the reserve banks of the globe."

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Kitco News is the world's # 1 source of steels market information. Our videos feature interviews with noticeable industry figures to bring you market-affecting insights, with the objective helpful individuals make informed investment choices.

For more breaking information, see

Real-time gold rate as well as charts:.
Live silver rate and charts:.

Don't forget to sign up for Kitco Information' Weekly Roundup– comes out every Friday to recap the best tales & video clips of the week:.

Join the discussion @ The Kitco Forums as well as become part of the premier online neighborhood for rare-earth elements financiers:.

Please note: Videos are not trading advice and the sights shared may not mirror those of Kitco Metals Inc
.