Don’t Expect Palladium Prices To Plunge

Don’t Expect Palladium Prices To Plunge

Over the past month, there has been a deluge of news heralding a new era of palladium, which has soared above the $1,000 per ounce mark for the first time in the past 16 years. Moreover, palladium also overtook platinum and is still being traded at a premium to it. The overwhelming majority (78 percent) of the world’s palladium is used in gasoline-fueled cars’ catalytic converters, with minor volumes going into electronic resistor production and…

Gold Steadies Ahead of Raft of Central Bank News

Gold Steadies Ahead of Raft of Central Bank News

U.S. Fed, Bank of England, Bank of Japan meet this week Trump to announce Fed chair, with Powell tipped for post Gold steadied on Monday as traders stayed on the sidelines before this week’s central bank meetings and policy news, including President Donald Trump’s expected announcement of the next Federal Reserve chair. The U.S. central bank kicks off a two-day policy meeting on Tuesday, while the Bank of Japan and Bank of England also meet…

Secret of Gold Finally Found: Precious Metals Are Forged in Cataclysmic Collision of Neutron Stars

Secret of Gold Finally Found: Precious Metals Are Forged in Cataclysmic Collision of Neutron Stars

The secret of creating gold has fascinated alchemists for thousands of years, but now scientists have finally solved the mystery. Precious metals are forged in the cataclysmic collision of neutron stars and then flung out into the universe where they eventually aggregate with other stardust into larger bodies, like planets or comets.

Fake Coin Companies Shut Down by SEC

Fake Coin Companies Shut Down by SEC

Last week, the Securities and Exchange Commission charged two precious metals offering schemes with defrauding investors. These two companies, REcoin and DRC World, are owned by businessman Maksim Zaslavsky. In a statement, the SEC accusing Zaslavsky of selling unregistered securities and coins that don’t exist to unsuspecting investors under these companies.

Diwali, Festival of Lights

Diwali, Festival of Lights

India’s Diwali festival, which starts October 18, 2017, and lasts five days, is approaching. It is customary for people to buy gold at this time for the upcoming festival and wedding seasons, and populous India is one of the world’s largest consumers of gold. Gold is projected to regain ground at this time, recovering from September lows. According to NDTV, India’s gold imports: “… recorded a threefold jump to $15.24 billion during the April–August period…

Time To Go For The Gold?

Time To Go For The Gold?

Since the beginning of 2017, gold has traded on an upward trend, with a high correlation to the Trump stock market rally. You may be surprised that in the eight worst stock market corrections since the early 1970s, gold is not always a “safe haven”. This article assesses the relative attractiveness of gold as an investment today to preserve portfolio value should a market correction occur. Many investors I have spoken with recently share a…

Gold’s Fear Trade Intensifies on Debt and Equity Risk

Gold’s Fear Trade Intensifies on Debt and Equity Risk

“For centuries, investors and savers have depended on gold in times of economic and political strife, and its investment case right now is as compelling as it’s ever been.” As I write this, gold is trading above US$1,330 an ounce after a strong rally that took the metal to its highest levels since August 2016. Tensions over North Korea, a weakening US dollar, political uncertainty in Washington, an overvalued US stock market, surging public and…