Gold is hovering around an all-time high, but Goldman Sachs says there’s more upside ahead.
Gold futures climb Tuesday to notch another record-high settlement as a fall in U.S. consumer confidence boosts the metal’s haven appeal.
“I see that there could be an even greater panic into gold and silver this time around than last time – the world is in a lot more trouble today than it was in 1979”.Join Mike Maloney for today’s update on the metals markets, including new analysis of the Gold/Silver ratio and how to construct your own investing plan for precious metals.
Record Money-Printing Has Been Rocket Fuel for the Price of Gold.
The US Mint has reduced the supply of gold and silver coins to third-party distributors as the relentless coronavirus pandemic slows down production even of regular change.
The Mint’s New York-based facility is evaluating risks to employees to curb the spread of the virus, thereby slowing production for the next 12 to 18 months, Bloomberg reported on Tuesday, citing internal documents.
The nation’s coin maker, which is in charge of producing new money to replenish supply, warned last week that covid-19 had resulted in fewer pennies, nickels, dimes and quarters in circulation.
Analysts have been predicting huge upside for gold for several months. In April, Bank of America Corp. raised its 18-month gold-price target to $3,000 an ounce.
There’s one question Mike Maloney and I have been asked more than any other. It’s a favorite question of interviewers, journalists, and podcasters. It’s a fun topic to discuss, and hints at the excitement that could be ahead for gold and silver.But the nature of the question can be misleading. It draws the focus away from the true value gold can offer.The question is this: How high do you think gold and silver prices will go?
American Silver Eagles Approaching $40 / Gold Eagles Flying Around $2,150 – Is A Smash Imminent? by Rory for The Daily Coin Physical gold and silver can only sustain the level of acquisitions that is currently happening for so long….
Spot Gold is surging in Asian trading as the dollar is dumped.
Spot Gold traded above $1930, taking out the $1921 highs from 2011…
The dollar has crashed to 19 month lows…
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)…
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.
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.