Gold may rally to $1,400 an ounce in the near term and go on hit $1,800 by the end of next year as the world’s central bankers err, according to the largest lender in the United Arab Emirates, which is advising clients to hold up to 10 percent of portfolios in bullion and buy recent dips.
A premature hike by the Federal Reserve may lead to a slide in inflation, a pullbac... read more
Latest figures out of Russia's central bank state that it has increased its gold reserves in April by 500,000 ounces (15.6 tonnes), which is exactly the same amount the bank reported as its reserve increase in March as well. While February's reserve increase was reported at 300,000 ounces, January's was 700,000 ounces. This means that the average month-on-month increase this year has been 500... read more
With the war in the gold and silver markets continuing to rage, today one of the wealthiest and most street-smart pros in the business told King World News that fortunes will be made in the gold and silver bull markets.
Rick Rule: “I think it’s completely fair to say that we are now in a bull market in gold….
Rick Rule continues: “Your readers and listeners are going to have to... read more
This gold chart should have Central Banks extremely worried. Why? Because the change in physical gold and Central Bank demand since the first crash of the U.S. and global markets in 2008 is literally off the charts.
I advise precious metals investors not to focus on the short-term gold price movement, rather they should concentrate on the long-term trend changes. This is where the ultimat... read more
With continued uncertainty in global markets, here is something everyone in the world should think about in the tumultuous weeks, months, and years ahead.
From Benjamin Franklin, July 9, 1722:
“Without Freedom of Thought, there can be no such Thing as Wisdom; and no such Thing as publick Liberty, without Freedom of Speech; which is the Right of every Man, as far as by it, he doe... read more
Russia and China buy gold to get rid of the weakening dollar. The weakening of the US dollar will become even more noticeable. Increasing their gold reserves, Moscow and Beijing make their economies stronger, the Spanish newspaper El Pais wrote.
According to the publication, central banks of Russia and China have been buying a lot of gold recently. During the past 15 months China has incre... read more
Interest rates have remained artificially low, plunging into negative territory in many places. Central banks continue to inflate the money supply with quantitative easing. Some policymakers have even floated the idea of helicopter money. Worldwide money printing is reportedly approaching $100 trillion.
There is no end to this crazy monetary policy in sight. This led billionaire investor Sta... read more
