Gold News

Hand picked GOLD NEWS from around the web. Get the latest and greatest gold news from one source! All economic news effecting the price of gold.

Central Bank Issues Stunning Warning: “If The Entire System Collapses, Gold Will Be Needed To Start Over”

It’s not just “tinfoil blogs” who (for the past 11 years) have been warning that a monetary reset is inevitable and the only viable fallback option once trust and faith in fiat is lost, is a gold standard (something which even Mark Carney hinted at recently): central banks are joining the doom parade now too.

An article published by the De Nederlandsche Bank (DNB), or Dutch Central Bank, has shocked many with its claim that “if the entire system collapses, the gold stock provides a collateral to start over.”

Perth Mint issues world’s first sovereign gold digital token

The Perth Mint announced the launching of The Perth Mint Gold Token, the world’s first sovereign gold digital token.

The digital token is backed 1:1 by GoldPass certificates issued by The Perth Mint, the world’s largest refiner of newly-mined gold which is guaranteed by the Government of Western Australia.

The Perth Mint is the world’s second-biggest gold refiner. In detail, the financial instrument is digitized gold that allows users to acquire and have entitlement over government guaranteed physical gold stored at The Perth Mint.

This Millionaire Technical Analyst Says This about Gold Right Now

We don’t employ technical analysis that much, one reason being we’re buying gold and silver for what we believe will be a major shift in our markets, economy and currency. The strategy then, is just keep accumulating and preparing for that shift. But I know someone who is very good at technical analysis. So good, in fact, he’s a multi-millionaire primarily from trading via technical analysis.

M3 Metals to acquire Mohave Mine in Arizona

M3 Metals (TSXV: MT) secured an option from two separate vendors to acquire a 100% right, title and interest in the Mohave Mine gold project in the US state of Arizona.

The project is comprised of 160 claims including lode claims and mill-site claims. According to M3, it covers numerous historic gold mines in the Weaver mining district.

M3 has secured the mineral rights to all the historic mines falling within the project and believes they may be related to a property-wide gold system “In addition to the historic gold mines on the project, there is an approximate 5-kilometer gold-in-soil and gold-in-rock geochemical anomaly that extends across the entire length of the project,” the Canadian miner said in a media statement.

Global gold-backed ETFs holdings at record high, new data shows

Global gold-backed ETFs reached their highest levels of all-time in the month of September, adding 75.2 tonnes in September to a total of 2,808 tonnes, according to new data from the World Gold Council.

Against a backdrop of easy money monetary policy by global central banks, continued geopolitical uncertainty including the looming Brexit deadline and tensions in the Middle East – as well as rising turmoil in Congress – global gold demand remained strong through the month.

Gold Recovers To $1,507/oz After Falling To $1,496/oz After Poor Jobs Report; Now Higher For The Week

◆ Gold prices recovered to $1,507/oz after falling to $1,496/oz despite a poor jobs number; this was expected to see gold make gains due to the likelihood of further Fed rate cuts◆ U.S. job creation was less than forecast in September (September payrolls 136K, Exp. 145K) and wage gains cooled in yet another warning that the record-long U.S. economic expansion is coming to an end and wages further stagnate◆ Gold had been heading for a weekly advance following more signs of a slowdown this week; it needs a weekly close above $1,497/oz to end higher for the week◆ A lower weekly close will likely lead to more selling early next week as both technical and momentum driven players continue to push gold prices lower◆ A higher weekly close today and a close over $1,500/oz would be quite bullish and could signal that the recent shallow correction is over

Gold falls below $1500 mark despite poor US employment data

The post Gold Recovers To $1,507/oz After Falling To $1,496/oz After Poor Jobs Report; Now Higher For The Week appeared first on GoldCore News.