Commodity Trade Mantra

Posts Tagged ‘Gold Coins’

Gold is a Permanent Menace to Government's Power over Fiat Money

Existence of gold in the economy is a constant reminder of the poor quality of government paper & it always poses a threat to replace the paper as the country’s money. Despite government backing of its prestige & its legal tender laws to fiat paper, gold coins in the hands of the public will always be a permanent reproach & menace to government’s power over money.

Gold Buying by China in a Very Aggressive Motion Right Now

China has gone from being the price taker to the price maker. China wants its currency to be as prominent as the euro, yen & the dollar for global trade. As in the SDR, when you go and borrow the only thing they’ll take for collateral is gold, so the Chinese have been on a very aggressive program of buying gold every month, and we’re seeing that in motion.

Gold And Silver – A Clarion Alarm Call For All Paper Assets

Gold or silver does not ever change. What changes is the [falsely]perceived [worthless]”value” of fiat paper currencies. Those who [unwisely]choose to own paper assets of any kind, especially in the stock market and digital currency held in banks, are being given a clarion alarm call by gold and silver that your time has reached its expiration date.

The Only Way to Buy Gold Without the Government Tracking You

Think twice before you buy gold…the government could be tracking you. But there’s one way to buy gold so they can’t track you. It is to buy gold with cash at a locally owned jewelry store. Paper cash is hard to track & so governments are trying to get rid of it. The local jewelry shop is the last place you can buy gold without the government tracking you. Take advantage of it while you can.

A Path to Making Gold and Silver the Currency of the 21st Century

For better or worse, the digital economy is here to stay. It can be mostly for the better. Electronic gold and silver payments using innovations like BitGold and the Gold Standard Society’s Digital Gold 2.0 may prove in the future that free-market hard money is viable for everyday transactions. All it will then need is the right to compete directly with the U.S. dollar as legal tender.

Gold In 2016: "The Economic Power Is Shifting"

In the near-term, paper gold is extremely oversold, reflecting the expression of western establishment sentiment in the paper markets. Compared with the situation at the time of the Lehman crisis, gold is significantly cheaper today, which is wholly at odds with the continuing systemic risk to fiat currencies from under-capitalised banks, unprepared for the prospect of markets normalising.

Hedge Funds Have Never Been This Short Gold

At 1.4 million ounces the market is now in its biggest net short position ever, surpassing bearish positions entered into in July and early August. That was the first time hedge funds were net negative since at least 2006. It’s not just gold that is being swamped by negative sentiment. According to the CFTC, 15 of the 24 commodities tracked turned more bearish last week.

US Mint Sales of Gold Coins Fall In October After 234% Surge in Q3

In historical comparatives, demand for gold coins in October was 38th lowest by total weight and 56th lowest by coins counts for any month from January 2006 through present. October sales saw significant decline in demand for gold coins in 7 out of 10 years. In other words, October tends to be a more bearish month of U.S. Mint gold coins sales.

Gold, Oil, & 'Grandmaster' Putin's Trap

It is important to keep in mind that the dollar’s attacks on gold end always end the same way – in a painful knockout for the dollar. It would be naive to believe that this is unknown to that grandmaster of patience, Vladimir Putin. By systematically increasing their gold reserves, Russia and China are relentlessly moving forward to strip the US dollar of its status as a global reserve currency.

Going Back To What Works: Gold Is Money Again

Choice in currency is being recognized as a basic human right around the world. Utah was the first State to make gold and silver coins legal tender alongside the U.S. dollar on March 25th, 2011. The way it works is that members deposit Federal Reserve Notes (or paper dollars) into their UPMA account which in turn translates them into golden dollars (or silver).

Gold and Silver Price Increasingly Detached from Reality

The ounces of gold and silver printed on futures contracts dwarf the actual number in exchange vaults. High frequency trading and concentration in derivatives positions makes the connection between the paper price and the physical supply and demand even more tenuous. The link between the spot price and physical demand is thin at best.

Gold Tumbles Despite UK Mint Seeing Europeans Rush To Buy Bullion

European investors are increasing purchases of gold & customers globally added 1.4 metric tons of gold to their account, the biggest increase since 2012. More people want their gold stored in Switzerland, a country that isn’t in the European Union. But despite this demand, gold prices are gettiung hammered after an initial spike.

How Is Gold Impacted By Runaway Debt?

The world now sits beneath a mountain of debt worth $200 trillion. If gold backed total global debt 100%, it would be valued at $33,900 per ounce. It’s unlikely that gold will ever reach $33,900 per ounce—or even $12,000, as James Turk calculates—but the fact that supply has not kept up with debt levels suggests that gold prices might very well rise.

Could Gold Production Peak in 2015 as Exploration Spending Drops?

Metals Focus predicted that 2015 could mark the end of the bear cycle for gold as demand looks “broadly balanced. A recent forecast by Goldman Sachs shows that 2015 will be the year when gold production peaks. Standard Chartered and Bank of America say gold will likely advance in 2015 even as Fed raises interest rates.

China’s Love for Gold: You Ain’t Seen Nothing Yet

China & India lead the world in gold demand. This Chinese New Year is no exception. Official “Year of the Ram” gold coins sold out days ago & since the beginning of Jan, withdrawals from Shanghai Gold Exchange grew to over 315 tonnes, exceeding the 300 tonnes of newly-mined gold around the globe in the same period.

India Eases Bank Gold Imports: Gold Can Again Be Used As Loan Collateral

Facilitated by the drop in oil prices – a key import for India, the RBI has finally lifted its ban on imports of gold coins and medallions by banks and trading houses. The RBI in a notification also said banks are permitted to import gold on consignment basis & are free to grant gold metal loans.

Why You Need to Own Gold In 2015 and Beyond

Gold’s universal appeal across continents makes the metal extraordinary. But it is gold’s appeal across time that makes it unique. What will happen to the gold price when masses of cynical people tire of holding dishonest money and look for an incorruptible alternative? Smart investors aren’t waiting to find out.

Gold Bullion Dealers Beginning To See a Heavy Buying Demand

Gold and silver prices are being managed, held down with leverage on paper & used to misdirect the public into looking the wrong direction. Big money is holding down the paper price, while gobbling up the physical & will paper cover or sell treasuries to cover their short positions. There’s a huge demand for buying because of this low price.

Silver and Gold - What Happens Next?

What do the charts show? Obviously they show silver and gold prices falling, almost relentlessly since 2011. Prices have collapsed, technical indicators are deeply “oversold” on quarterly, monthly, weekly & daily charts. Expect prices to rise when they are finally allowed to rise. When? Ask the HF Traders or central Banks.

Gold And Silver – Respect The Trend But Prepare For A Reversal

This massive distortion of propaganda, mostly against gold, suppressing it as the time-tested store of wealth, along with silver, has served its purpose, and Newton’s Third Law of a reaction that is proportional to the action is getting ready to come into play. There are signs that the end of the decline is nearing, but respect the trend.

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