Bitcoin Price Falls 40% In 3 Days Underlining Gold’s Safe Haven Credentials

– Bitcoin price action shows cryptos vulnerable to commentary and government policies – Bitcoin falls to low of $2,980, down by $1,000 in week as China flexes muscles – Volatility major issue: In 3 days btc fell 40% before bouncing 25% off lows – BIS state risks of cryptos cannot yet be fully assessed and says technology still unproven – Apple […]

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Gold Up, Markets Fatigued As War Talk Boils Over

North Korea threatens to reduce the U.S. to ‘ashes and darkness’ Markets becoming used to ongoing provocations from North Korea Russia and China continue to support watered down versions of sanctions on Kim’s regime Both NATO and Russia running war games on one another’s borders Putin says Russia will “give a suitable response” to NATOs threatening […]

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Oil Rich Venezuela Stops Accepting Dollars

President Maduro ‘ Venezuela will create a basket of currencies to free us from the dollar,” Oil traders ordered to stop accepting U.S. dollar in exchange for crude oil Order comes following calls from Russia and China to find alternatives to current reserve system U.S. Dollar accounts for two-thirds of global trade Venezuela has over […]

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Massive Equifax Hack Shows Cyber Risk to Deposits and Investments Today

44% of US population affected by Equifax hack Hackers took names, birthdays and addresses, Social Security and driver’s license numbers Steve Mnuchin “concerned about the global financial system and keeping it safe,” Hacks is a reminder of the vulnerabilities created in a connected world Cyber security is a major threat to both banking and financial industry […]

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Conor McGregor – Worth His Weight In Gold?

– Conor McGregor, MMA champion has gold statue made of him – If McGregor was cast in investment grade gold bullion he would be worth … – If Mayweather were cast in gold he would be worth $2.7m – Ali once fought equivalent of MMA fighter and nearly lost use of his legs – Gold continues to be […]

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Gold Has 2% Weekly Gain,18% Higher YTD – Trump’s Debt Ceiling Deal Hurts Dollar

– Gold hits $1,355/oz as USD at 32-month low -concerns about Trump, US economy – Silver and platinum 2.3% and 1.2% higher in week; palladium 3% lower – Euro Stoxx flat for week – S&P 500, Nikkei down 0.65% and 2.2% – Geo-political concerns including North Korea, falling USD push gold 2.1% in week – Gold prices reach $1,355 […]

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‘Things Have Been Going Up For Too Long’ – Goldman CEO

– “Things have been going up for too long…” – Goldman Sachs’ CEO – Lloyd Blankfein, Goldman CEO “unnerved by market” (see video) – Bitcoin bubble is no outlier says Bank of America Merrill Lynch – Bubbles are everywhere including London property – $14 trillion of monetary stimulus has pushed investors to take more risks – We are […]

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Physical Gold In Vault Is “True Hedge of Last Resort” – Goldman Sachs

– Physical gold is “the true currency of the last resort” – Goldman Sachs – “Gold is a good hedge against geopolitical risks when the event leads to a debasement of the dollar”  – Trump and Washington risk bigger driver of gold than risks such as North Korea – Recent events such as N. Korea […]

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Bitcoin Falls 20% as Mobius and Chinese Regulators Warn

– Bitcoin falls 20% as Mobius and Chinese regulators warn – “Cryptocurrencies are beginning to get out of control” – warns respected investor Mark Mobius – Mobius believes governments will begin to clamp down on cryptocurrencies sparking rush to gold – Yesterday China’s PBOC ruled Initial Coin Offerings (ICOs) are illegal and all related activity […]

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Precious Metals Outperform Markets In August – Gold +4%, Silver +5%

– All four precious metals outperform markets in August – Gold posts best month since January, up nearly 4% – Gold reaches highest price since US election, climbs due to uncertainty and safe haven demand – S&P 500 marginally higher; Euro Stoxx, Nikkei lower for month – Platinum is best performing metal climbing over 5% – […]

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