July 7, 2016

Gold races to 28-month high, oil pressured as Brexit fears return

One-gram gold bars are displayed at the annual meeting of German Sparkasse savings banks in Duesseldorf, Germany, April 27, 2016.    REUTERS/Wolfgang Rattay

One-gram gold bars are displayed at the annual meeting of German Sparkasse savings banks in Duesseldorf, Germany, April 27, 2016. REUTERS/Wolfgang Rattay

Gold rallied to its highest since 2014 on Wednesday and oil struggled to recover from deep losses, as renewed fears over the impact of Britain’s exit from the European Union pushed investors toward safe havens.

Risk aversion gripped markets – Asian stocks tumbled and sterling plumbed a 31-year low – amid worries global efforts to boost liquidity may not be enough to cushion the impact of Brexit. Copper moved away from a two-month high and Chinese commodities were sold off, led by agriculture and iron ore.

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May 11, 2016

Singer Says Gold Rally Just Beginning as Goldman Sees Losses

gold-bullion

Billionaire hedge fund manager Paul Singer said that gold’s best quarter in 30 years is probably just the beginning of a rebound as global investors — including Stan Druckenmiller — weigh the ramifications of unprecedented monetary easing on inflation.

“It makes a great deal of sense to own gold. Other investors may be finally starting to agree,” Singer wrote in an April 28 letter to clients. “Investors have increasingly started processing the fact that the world’s central bankers are completely focused on debasing their currencies.” Read the entire story

January 16, 2016

GoldMoney® Founder James Turk, GoldMoney® Research Head Alasdair Macleod, and GoldMoney® Wealth Services President John Butler sat down for a round-table discussion to review 2015 and their 2016 outlook.

Watch as they discuss the 2015 growth of a global recession, interest rates and the prospect of negative interest rates in 2016, credit crisis and debt in an over-leveraged system, collateral transformation, backwardation and commodities markets, debased currencies, collapse in industrial production, and so much more.

 

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