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Gold struggling to hold gains as the Fed looks taper bond purchase by year-end - FOMC Minutes
Gold prices are pushing back towards $1,800 an ounce as the Federal Reserve moves forward with talks to reduce its monthly asset-purchase program, according to the minutes from the July monetary policy meeting.
The minutes show that there is growing support for the central bank to reduce its purchase programs by the end of the year. Read More
Marking 50 Years: the Fall of the Bretton Woods Agreement
50 Years Without a Gold Standard: fiat currency post-Bretton Woods Agreement, as discussed in Rickards’ book: “The New Case for Gold”
Despite the eradication of the gold standard in 1971, it is clear that the enduring value of this precious metal persists today.
Bestselling author on matters of finance and precious metals James Rickards explores this momentous event in “The New Case for Gold” as well as debunking age-old myths that surround it. Read More
Gold market limited in the near-term but $1,900 still in the cards for 2020 - Metals Focus
The gold market has made some impressive gains since last week's flash crash, which pushed the price briefly below $1,700 an ounce; however, the precious metal's performance in the near term could be limited, according to analysts at Metals Focus.
Although gold prices have rallied more than $100 from their recent lows, the market is struggling to break resistance just below $1,800 an ounce. Analysts at the British-based precious metals research firm said they don't think the market has enough momentum to push higher in the near term. Read More
$50 silver price, $2,300 gold are next, but not before this happens first - Patrick Karim
Gold and silver are about to break out in an "explosive rally" said Patrick Karim, technical analyst and co-founder of Northstar & Badcharts. Read More
Palantir buys $50 million worth of gold bars in August in preparation for a 'black swan event'
The COVID-19 pandemic is forcing many companies to rethink their investment strategies. And as Palantir's cash pile grows, it has opted to buy gold.
Palantir Technologies Inc purchased $50.7 million worth of 100-ounce gold bars in August, according to the company's latest earnings statement.
"During August 2021, the Company purchased $50.7 million in 100-ounce gold bars," Palantir said in the earnings statement. Read More
What would it take for a return to the gold standard? Brien Lundin
Speaking to Michelle Makori, editor-in-chief of Kitco News, Lundin made the case that the U.S. dollar has, since the end of the Gold Standard in 1971, lost 85% of its value relative to the consumer price index, which he said may even be understating inflation, and that another dollar peg to gold may be what’s needed to prevent further devaluation.
Importantly, all fiat currencies will inevitably “lose creditability” with current monetary policies in place, Lundin said. Read More
Gold and silver struggle leading into the European open
Gold and silver have had a heavy session overnight with the yellow metal trading -0.61% lower while silver dropped -1.34%. In the rest of the commodities complex, spot WTI fell -0.61% and copper also struggled, losing -0.69% of its value. Read More
Gold and Siver digitized on the blockchain.
Kinesis, the revolutionary monetary system operating on the blockchain is based 1:1 on allocated gold and silver, providing users with a stable store of value. One that rewards you every month, allowing you to send, spend and trade in digital gold and silver.
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
