Last quarter marked a 30-year high for gold, which is already up 18 percent this year. That kind of growth makes it the best performing major asset of 2016, according to Bloomberg. Recent surges are more than encouraging for gold buyers and holders; historically speaking, gold has maintained a positive return in 12 of the…
Should I Buy Gold Locally?DetailsLegendary billionaire investor Stanley Druckenmiller told Sohn Investment Conference attendees to sell their equity holdings Wednesday. “The conference wants a specific recommendation from me. I guess ‘Get out of the stock market’ isn’t clear enough,” said Druckenmiller from the conference stage in New York. Gold “remains our largest currency allocation.” The billionaire investor expressed skepticism…
Druckenmiller: Get out of the Stock Market, Own GoldDetailsWith persistently low interest rates around the globe, billionaire investor Warren Buffett told CNBC on Monday he’d consider taking money out of banks, especially if negative interest rates result in customers being charged to park their money in accounts. “There could be a point where you’d really want to start withdrawing currency,” Buffett said in…
Buffett: I Might Consider Taking Money Out of Banks If They Charge for DepositsDetailsGold gained for a sixth straight session on Monday, pushing through the psychologically significant $1,300-an-ounce line, as the dollar remained depressed against chief rivals. Precious metals on Friday posted their highest settlements since January 2015, as a slump in the greenback to its lowest level in about 11 months coaxed investors toward dollar-denominated commodities, including…
Gold Pushes through $1,300 as Dollar Suffers AnewDetailsGold prices could explode if Britons decide to vote for leaving the European Union in the referendum on June 23 — also known as a Brexit. Gold is seen as a haven for cash. It doesn’t pay a coupon like a bond, and it doesn’t pay a dividend from a stock, but it does mean you…
HSBC: Gold Could Explode if Britain Votes for BrexitDetailsWhen gold plummeted to a six-year low in November 2015, many claimed it’s too late to buy gold. China’s stock market had just slumped, the dollar was gaining strength, and holders of gold were nervous, waiting for the Federal Reserve to raise interest rates. At the end of 2015, the economic situation didn’t look rosy…
Is It Too Late to Buy Gold? 5 Reasons It’s NotDetailsChina’s total debt rose to a record 237 per cent of gross domestic product in the first quarter, far above emerging-market counterparts, raising the risk of a financial crisis or a prolonged slowdown in growth, economists warn. Beijing has turned to massive lending to boost economic growth, bringing total net debt to Rmb163tn ($25tn) at…
China Debt Load Reaches Record High as Risk to Economy MountsDetailsSilver slipped sharply from an 11-month peak on Thursday as a rebound in the dollar prompted traders to cash in earlier gains, while gold also fell from a five-week high hit after comments from the European Central Bank drove the euro higher. The euro zone common currency jumped as much as 1 percent against the…
U.S. Money Reserve President Talks Recent Moves in the MarketDetailsLately, silver has been on a hot streak — up 22% so far this year — making it one of the best investments of 2016. The rally has outshone gold’s 18% gain so far this year. On Tuesday, silver shot up 4.5% to its highest level in 11 months. The price of silver has always…
Philip N. Diehl Weighs in on Silver's 11-Month HighDetailsGold, one of this year’s best performing assets, has room to extend its advance, according to top-ranked forecasters, even as the rebound shows signs of losing steam. Capital Economics Ltd. and Cantor Fitzgerald LP are bullish as real interest rates will probably stay low even if the Federal Reserve raises borrowing costs in response to…
Gold's Best Forecasters See Rally Resuming on Rates CautionDetailsTwo international banks will join the proposed Chinese yuan gold fix, which is expected to be launched in less than a week, according to media reports. Wednesday, Reuters reported that ANZ and Standard Bank will be the only two international banks that will be involved in the daily gold auction, with a total of 18…
China's Yuan-Based Gold Fix to Include Two International BanksDetailsFive out of eight of the biggest U.S. banks do not have credible plans for winding down operations during a crisis without the help of public money, federal regulators said on Wednesday. The banks have until October 1 to resubmit their plans with serious “deficiencies” corrected, or face stricter regulations, like higher capital requirements or…
U.S. Regulators Fail 'Living Wills' at Five of Eight Big BanksDetails
