Commodity Trade Mantra

Posts Tagged ‘Gold Scrap’

Americans Pawn Gold To Go Further Into Debt: US Gold Scrap Market Drying Up

It is quite unfortunate that Americans have pawned off their best asset only to go further into debt. U.S. gold scrap supply in 2016 (58.7 metric tons) is nearly two and a half times less than it was in 2010 (143 metric tons). Americans pawned off a great deal more gold in 2010 when the price was lower at $1,225 compared to $1,267 in 2016. Which means, the U.S. gold scrap supply market is drying up.

The Run On U.S. Gold Continues - East Absorbs All Gold West Can Deliver

The US had a record year of net gold exports in 2013. As the West continues to print fiat currency & manufacture derivatives to keep their financial systems from imploding, the Chinese & Russians focus on increasing their domestic gold mine supply while the East absorbs whatever gold the West can deliver.

Understand The Coming Big Change in Gold Investing

There seems to be no shortage of conflicting analysis on future gold prices. Some believe gold will decline to $1,100, while some see it rising higher to $1,500 – Actuality short-term forecasts are meaningless as they fail to understand the coming big change in gold investing.

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