Precious metals are apparently waking up. And here is where you can find the best deals.
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"Demand for gold in mainland China returned to growth last year thanks largely to a growing appetite..." Here's the details...
"Choose the most innocuous-looking DVD cases, such as those for documentaries or those for family videos..."
Janet Yellen sang her swan song this week.As expected, the Federal Reserve left interest rates unchanged during the Federal Open Market Committee meeting. The next hike will come after Jerome Powell takes the reins.As Peter Schiff put it, Yellen got out of dodge.
Gold consumption in China grew 9.41% in 2017, according to information released by the China Gold Association. Gold jewelry demand, especially in poorer regions, helped drive overall demand higher.The Chinese consumed 1,089 tons of the yellow metal last year. The South China Morning Post called the surge in demand "a big turnaround" after a 6.7% slump in 2016.
A Reversal In The Stock Market And Rising Interest Rates Create ‘Safe Haven' Demand For GoldFebruary 1, 2018
Clive Maund says "The key message of this update is that gold is getting closer and closer to breaking out..."
The chart shows the increase in U.S. debt, while the average interest rate fell from an average 6.6% in 2000 to a low of 2.2% in 2016:
We need not return to a traditional gold standard but allow gold & silver to return to the monetary system of their own free will
As Fed Raises Rates And “Unwinds” $4.4 Trillion Balance Sheet....
"The way we measure inflation understates the true devaluation of your purchasing power."
Bitcoin is now down 50% from its record highs in mid-December, plunging to an $8000 handle this morning following headlines from India (which appear to have been misunderstood)...
"More likely is the next and greatest down leg in these centrally directed boom bust cycles."
Today’s animation comes from the American Museum of Natural History, & it shows over 200,000 years of population growth & the major events along the way.
Of the 294 gold smuggling cases detected in the year to June 2016, 135 originated in Hong Kong, 88 were from South Korean cities and 27 started in Singapore
Gold price could smash $10,000 on crashing dollar and other factors
The US has already warned that "the petro digital currency would appear to be an extension of credit to the Venezuelan government."
“Conclusion: stay bearish on the Dollar.”
"The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system"
NY Fed President, William Dudley, invented the US Financial Conditions Index when he was at Goldman in the 1990s
"The US Treasury Department just announced how much net new debt it will have to sell to the public through the second quarter to keep the government afloat: $617 billion."
The greenback, in terms of the US Dollar Index, has given back initial gains recorded in the wake of the FOMC meeting and is now retreating....