Commodity Trade Mantra

Posts Tagged ‘Buy Physical Gold’

The Gold Rush - Panic Stricken Brits Rush To Buy Gold Bars

Worried British savers (yes, they still exist in this time of QE and age of NIRP) are scrambling to buy gold bars and “stuffing them in safes at home, data suggests, as fears mount that a Brexit-induced financial meltdown could be just around the corner.” Royal Mint, Britain’s official producer of gold and silver coins and bars, said sales have soared by 32% over the past month.

A Technical Correction in Dollar can put some Pressure on Gold Prices

Given the relatively small amount of deliverable gold in the market at any one time, the gold price has the potential to be extremely volatile with this level of off-market speculation hanging over it. The wider public is slowly waking up to the horrors of negative interest rates & withdrawal of high-denomination bank notes, both which will almost certainly increase demand for physical gold.

Where Is Negative Interest Rate Policy Leading Us To?

Negative interest rate policy by the world’s central banks is getting out of control. The Riksbank has joined the European Central Bank, the Swiss National Bank and the Bank of Japan in this negative interest rate madness. They want inflation, but negative rates feed deflationary expectations. This causes consumers to hold onto cash in the expectation that goods will get even cheaper.

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