Daily Archives: 07/26/2020


Spot Gold Soars To Record High As Dollar Freefall Accelerates

Spot Gold is surging in Asian trading as the dollar is dumped.

Source: Bloomberg

Spot Gold traded above $1930, taking out the $1921 highs from 2011…

Source: Bloomberg

The dollar has crashed to 19 month lows…

Source: Bloomberg

Gold appears to be more and more in favor as an alternative place to allocate wealth amid the growing pile of negative-yielding debt (and note that cryptos are starting to get a bid for the same reason)…

Source: Bloomberg

As Jim Grant recently explained:

The Fed wants us to believe that we should believe that there will be no inflation out of all this and to me that is a vast unknown.


Gold, platinum used in new material to generate hydrogen from salt, polluted water

Researchers from the Czech Republic and Russia have developed a new material that uses gold, platinum and chromium to generate hydrogen molecules from fresh, salt, and polluted water by exposure to infrared sunlight.

The objective behind this development is that the solution becomes another green tool to help tackle the global energy challenge.

In a paper published in the journal ACS Applied Materials & Interfaces, the scientists explain that the material is a three-layer structure with a 1-micrometre thickness.


A Record 170 Tons Of Physical Gold Were Just Delivered On The COMEX: Here’s Why

Submitted by Jan Nieuwenhuijs of Voima Gold

Three elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage.

Physical delivery on the largest gold futures exchange in the world, the COMEX in New York, has reached all time highs this year. In June more than 170 tonnes were physically delivered (5.5 million ounces).