Egon von Greyerz, market analyst and founder of Matterhorn Asset Management, is predicting the collapse of the central bank system in the next few years due to an increasing issuance of currency and debt. Von Greyerz states that in the face of an economy with no buyers, the only hedge will be tangible assets, including […]
Category: Gold
3 Reasons Why Patrick Karim is Bullish on Gold
GoldCore TV viewers absolutely love it when we have Patrick Kerim on the show. Last time Dave Russell spoke to him things were looking very different to how they are today, and that was just three months ago. So with Q1 behind us and Q2 already flying by we thought it would be great to […]
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The Fed is now in a tug-of-war between fighting inflation and saving the banking system
It feels as though we have had a few days off when it comes to news of bank failures, collapses and ‘rescues’. But, do not be lured into a false sense of security, very little is resolved and problems are systemic across the financial system. Below we discuss the fragilities exposed by the collapse of […]
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Analyst Predicts Gold Prices Might Exceed $8,000 in the Next Decade as Central Banks Lose Confidence in Foreign Currency
Jan Nieuwenhuijs, a gold market analyst, has predicted that gold might exceed prices of $8,000 during the next decade, as the current Ukraine-Russia war, and the worldwide battle against inflation, shift the preference of central banks for foreign currencies to gold. The proposed long-term price model shows that each troy ounce of the metal might […]
Central banks: “We Are Invincible!”…Markets: “Hold My Beer”
Central banks seem to be on a credibility drive at the moment. Last week it was the ECB, yesterday it was the Fed and today it was the Bank of England. All of them are on a mission to reiterate their approach of ‘because I said so!’ when it comes to raising rates. It seems […]
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Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025
Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed Raises Rate Despite Calamity in the U.S. Banking Sector It’s been […]
Has gold finally caught fire?
From the desk of GoldCore CEO, Stephen Flood This morning gold moved above $2,000/oz. The previous intraday high (seen in 2020) was $2,080. If you saw our recent interview with Patrick Karim then you might be recalling his comments that a close here on a monthly basis would signify a break of a trend line […]
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Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher Gains
At the start of the week, a troy ounce of .999 fine gold was trading at $1,813 per unit. Seven days later, gold rose 9.65% against the U.S. dollar to the current spot price of $1,988 per ounce. Gold’s rise comes at a time when confidence in the global banking system is at an all-time […]
‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change
At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many market observers are wondering why specific assets like PMs and […]
After the euphoria and profit taking comes the panic
This week everyone has been reminded why they choose to invest in gold and buy silver. As markets reacted to Silicon Valley Bank’s demise, the near-collapse of Credit Suisse and the ensuing panic of policymakers, investors and depositors, gold, and silver have come to the fore. Why did they climb in the price? Because this […]
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