Gold Sees Safe Haven Gains As Stocks Fall Sharply and Deutsche Plummets

Gold Sees Safe Haven Gains As Stocks Fall Sharply and Deutsche Plummets

] Gold rose to a two week high and was higher in most currencies today after Washington’s threat of tariffs on Mexico exacerbated fears of a global trade war and recession, which saw a ‘flight to quality’ and gains for safe haven gold. Spot gold jumped 0.9% to $1,298.80 an ounce this morning, its highest … Read more

Gold Hits 10 Week High At $1,328/oz as Trade Wars Spur Safe Haven Demand

Gold Hits 10 Week High At $1,328/oz as Trade Wars Spur Safe Haven Demand

] Gold has consolidated on yesterday’s gains and is marginally higher as risk aversion creeps back into markets. Gold rose 1.5% yesterday to its highest level in more than three months. Gold in USD – 1 week (GoldCore.com) Concerns that trade wars look set to escalate globally and fears that President Trump’s threat of tariffs … Read more

Gold and Silver Are “Safe Haven Money” and Have Never Failed Throughout History – Silver Guru

Jim Rogers Video Interview: Buy Gold Coins and Silver Coins as Global Crisis Is Coming

] – “I feel called to this … I feel it is my duty to educate as many people as possible” Watch interview here – The Fed is engaged in “extend and pretend” but we are in the “end game” – U.S. bonds are no longer safe due to negative yields and the risk of … Read more

Video: Gold $16,000 and Silver $770 Per Ounce? Focus On Safe Haven Value, Not Price

Video: Gold $16,000 and Silver $770 Per Ounce? Focus On Safe Haven Value, Not Price

] Watch Video Here – “The possibility of gold over $16,000 per ounce and silver over $770 per ounce … I hear people gasp in dismay when I say those figures and I will qualify them” – “There are a lot of important developments in the precious metals market … the outlook for gold and … Read more

Gold Near Two Week High on Safe Haven Bid Due To Virus and IMF Global Growth Concerns

Gold Near Two Week High on Safe Haven Bid Due To Virus and IMF Global Growth Concerns

] ◆ Gold prices rose to a two-week high today prior to giving up the initial gains; Spot gold prices reached their highest since January 8th at $1,568.40/oz prior to falling to $1,556.60/oz ◆ The spread of a new virus in China stoked fears of a wider epidemic in Asia, sparking a sudden bout of … Read more

ECB Creates EUR 750 Billion To Buy ‘Safe Haven’ Bonds; Pound Falls To Near Record Low in Gold

Global Supply of Gold and Silver Coins and Bars Evaporated In Safe Haven Rush

] ◆ “There are no limits to our commitment to the euro,” ECB President Christine Lagarde pronounced as the ECB began to create an additional EUR 750 billion in order to buy government and corporate debt in an emergency move overnight. ◆ Gold prices in euros are marginally higher at €1,369/oz and in British pounds … Read more

Global Supply of Gold and Silver Coins and Bars Evaporated In Safe Haven Rush

Global Supply of Gold and Silver Coins and Bars Evaporated In Safe Haven Rush

] ◆ GoldCore remain open for business unlike many dealers, mints and refineries (see News below) and we continue to buy bullion coins and bars and sell gold bars (1 kilo). The supply situation changes hour to hour. ◆ We, like the entire industry have experienced record demand in recent days and the global supply … Read more

Safe Haven Gold To Protect As ‘Great Lockdown’ To Create Great Depression

Trump Threatens China Seeking $160 Billion In “COVID-19 Reparations”after China Gold Exchange Calls For New Super Sovereign Currency

] Gold in USD – 3 Days Gold gained another 2% yesterday to hit its highest since late 2012 as investors rush to the safety of bullion as lockdowns ravage economies and see the rollout of huge stimulus and bailouts. NEWS and COMMENTARY Gold slips as investors lock in profits, recession fears cap losses Gold’s … Read more

Why Gold Is Safe Haven Money And Will Go Over $3,000/oz – Jim Rickards

Why Gold Is Safe Haven Money And Will Go Over $3,000/oz – Jim Rickards

] James Rickards holds a gold bar in a vault near Zurich, Switzerland. The bar is a so-called LBMA “good delivery” bar which weigh 400 ounces (over 99.9% purity), and is worth about $700,000 at current market prices. In 1971 it was worth $14,000. ◆ WHY GOLD? That’s a question I’m asked frequently. It’s usually … Read more