Home » gold

gold

Another Week, Another Chinese Gold Mine

by John Rubino on June 25, 2015 · 17 comments

Though the true amounts are debatable, it’s generally conceded that China is importing a lot of gold. What’s not included in this calculation — but should be — are the deposits its mining companies are acquiring overseas. This gold-in-the-ground is just as much a national monetary asset as is metal accumulated by Chinese investors and […]

 

The splash that BitGold made recently by buying GoldMoney led many (including this writer) to assume that the Canadian start-up was pioneering the gold-backed currency space. But it turns out that Peter Schiff’s Euro Pacific Bank already allows non-US customers to buy gold and/or silver, store it for free with Australia’s Perth Mint, and then […]

 

Is This Gold’s Long-Awaited Killer App?

by John Rubino on June 8, 2015 · 12 comments

Gold bugs around the world got a shock a few weeks ago when a tiny Canadian start-up called BitGold bought venerable GoldMoney, the second biggest (after BullionVault) precious metals storage firm. Now come the questions. Is this a case of a flashy tech company using its temporarily-inflated stock to buy real assets, a kind of […]

 

The past few years have been brutal for the gold miners, most of which brought it on themselves by starting new, high-cost mines just in time for the metal’s price to crater. The resulting write-downs and operating losses have made this without question the most unloved sector in the whole market. The consensus among analysts […]

 

Apple’s iWatch and Some Crazy Gold Numbers

by John Rubino on March 3, 2015 · 16 comments

As Apple starts selling its new smart watch there are some, well, crazy-sounding predictions circulating about the amounts of gold the company might soon be buying. The math goes like this: Each gold version of the watch will contain around two ounces, and the company might sell 10 million of them a year, mainly to […]

 

Gold In A Negative Interest Rate World

by John Rubino on February 12, 2015 · 33 comments

Global capital is looking for a place to hide. But after decades of enthusiastic currency creation and financial engineering, there’s way too much of it for any one country to accommodate. This mismatch between money knocking at the door and available space is leading the handful of remaining safe havens to put up “no vacancy” […]

 

Today the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone citizens have also responded predictably, by converting their unbacked, make-believe, soon-to-be-worth-a-lot-less paper money into something tangible. They’re bidding gold up dramatically. So after falling […]

 

This Is What Gold Does In a Currency Crisis

by John Rubino on December 16, 2014 · 786 comments

To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn’t an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about […]

 

China Gives Thanks For Cheap Gold

by John Rubino on November 28, 2013 · 33 comments

Just a quick Thanksgiving morning update on China’s gold imports, which continued at extraordinary levels in October. To put the 131 tonnes in perspective: Until recently there was an agreement in place that limited European central bank gold sales to 400 tonnes per year, because any more than that was seen as disruptive. Now China […]

 

Bloomberg’s latest report on Chinese gold imports is a great illustration of a journalist’s power to shape a message by highlighting certain data points and downplaying others. Here’s the article: China Gold Imports From Hong Kong Fall on Premium, Slow Demand Gold shipments to China from Hong Kong fell for a second month after the […]

 

[Most Recent Quotes from www.kitco.com] [Most Recent USD from www.kitco.com] [Most Recent Quotes from www.kitco.com]
     
     
 

123