Gold shares vs. Physical Gold Bullion

Gold shares vs. Physical Gold Bullion

Gold ETFs are rising in popularity due to their convenience. They’re easy to trade, there’s no need to store anything, and no one is going to break into your house to steal your GLD shares. But there are a lot of hidden dangers inherent in the structure and operation of gold ETFs that few investors are aware of — and these risks are more pronounced than ever, as the threat of another financial crisis is…

Gold Prices to Rise Further on Fed’s Dovish Outlook and European Uncertainties

Gold Prices to Rise Further on Fed’s Dovish Outlook and European Uncertainties

Gold prices have seen a rebound after the U.S. Federal Reserve raised its benchmark rate by 25 basis points last week. Since then, the weakness in the dollar has led to further strength in gold prices. The precious metal hit a two-week high on Monday as the dollar plunged to a 6-week low after the Fed’s dovish outlook on the pace of rate increases this year continued to disappoint dollar bulls. But a number of…

Gold Rallies as Dollar Slides on Fed’s ‘Dovish Hike’

Gold Rallies as Dollar Slides on Fed’s ‘Dovish Hike’

Precious metals jumped across the board on Thursday, with gold prices set to notch their highest finish in two weeks, on the heels of the dollar’s decline, which came after the U.S. Federal Reserve raised interest rates, but struck a less hawkish tone than expected. April gold rallied $27.90, or 2.3%, to $1,228.60 an ounce, with prices poised to settle at a two-week high. The metal is on track for its biggest one-day percentage gain…

Idaho House Votes To Remove Income Taxation From Precious Metals

Idaho House Votes To Remove Income Taxation From Precious Metals

By an overwhelming 56–13 margin, the Idaho House of Representatives yesterday voted to end all Idaho taxation on precious metals, e.g. gold and silver coins and bars. Bill sponsor Representative Mike Moyle (R) and the entire Republican caucus voted for the measure. If the Republican-controlled Idaho Senate follows suit and Governor Butch Otter (R) signs the bill, Idaho citizens will better be able to use gold and silver as a form of savings which protects…

Silver Market Poised For Big Reversal When Institutional Investors Move In

Silver Market Poised For Big Reversal When Institutional Investors Move In

The silver market is going to experience a big reversal when the hedge funds and institutional investors rotate out of highly inflated stocks and into precious metals investments. This is not a matter of if, it’s a matter of when. And the when, could be much sooner than we expect due to the huge problems with the U.S. debt ceiling deadline on March 15, 2017.

Another Credit Crisis Could Be Just Around the Corner

Another Credit Crisis Could Be Just Around the Corner

So it makes more sense to worry about the return of capital, instead of the return on capital. Most people like to make small talk at the kitchen table. Not legendary bond investor Bill Gross. Instead, he prefers to regale his children and grandchildren with parables about the pitfalls of financial leverage, and his suspicions about fractional-reserve lending, the expansionary system of credit creation that has powered global economic growth for much of the past…

What Wages in Ancient Athens can Tell us about the Silver Price Today

What Wages in Ancient Athens can Tell us about the Silver Price Today

Today we look at the wages paid to oarsmen on warships in ancient Athens in 450BC. Why on earth would we want to do such a thing? Because it tells us a great deal about the silver price today… How wages in ancient Athens compare to today In The Economy of Ancient Greece, historian Darel Engen describes how the Athenian unit of money — the talent (about 26kg of silver) — could purchase nine years…

Platinum Deficit Is Likely To Persist

Platinum Deficit Is Likely To Persist

World Platinum Investment Council CEO says there’s consensus the five-year long deficit will persist The world’s major platinum producers were confident that autocatalyst recycling and the growth of electric vehicles would not counter the growing deficit in the market, industry leaders said on Tuesday. Paul Wilson, CEO of the World Platinum Investment Council, said at a panel discussion at the Investing in African Mining Indaba that all credible analysts agreed the platinum market had been…