World’s Largest Gold ETF Sees Holdings Rise 1.8% to 924.94 Tonnes In One Day

World’s Largest Gold ETF Sees Holdings Rise 1.8% to 924.94 Tonnes In One Day

] ◆ Gold prices have inched 0.3% higher today as a sharp drop of nearly 2% yesterday has attracted bargain hunters ◆ Gold tested support at $1,500/oz after another peculiar sell off in the futures market saw prices fall $30 in two hours on the COMEX yesterday with most of the selling coming after European … Read more

IMF Warning: ‘World’s Financial System Is More Stretched, Unstable and Dangerous Than It Was On the Eve of the Lehman Crisis’

IMF Warning: ‘World’s Financial System Is More Stretched, Unstable and Dangerous Than It Was On the Eve of the Lehman Crisis’

] Source: The Telegraph ◆ The International Monetary Fund (IMF) has again warned that the world’s financial system is more stretched, unstable and dangerous than it was on the eve of the Lehman crisis ◆ Quantitative easing, zero percent interest rates and massive financial repression has pushed investors – and in the case of pension … Read more

World’s Richest Investors See Sharp Market Drop In 2020 – UBS Survey

World’s Richest Investors See Sharp Market Drop In 2020 - UBS Survey

] 3,400 high net worth investors with at least $1 million in investable assets were surveyed by UBS Fifty-five percent of respondents expect a significant drop in the markets at some point in 2020.  The super rich have increased their cash holding to 25% of their average assets, the survey showed. A majority of the … Read more

World’s Most Precious Metal Surges Over 30% In 2 Weeks and 12 Fold In 4 Years On Supply Concerns

World’s Most Precious Metal Surges Over 30% In 2 Weeks and 12 Fold In 4 Years On Supply Concerns

] ◆ Rhodium has surged 30% in January to the highest levels since 2008 and has risen more than 12 fold in less than four years from $575 per ounce to nearly $8,000 per ounce ◆ Rhodium is now 5 times more costly than safe haven gold and 440 times more expensive than the industrial … Read more

World’s Largest Hedge Fund Sees Gold Rising 30% To $2,000

World’s Largest Hedge Fund Sees Gold Rising 30% To $2,000

] ◆ Bridgewater’s co-chief investment officer Greg Jensen told the Financial Times that gold prices could rally to $2,000 an ounce. ◆ The manager from the world’s biggest hedge fund cited increased income inequality in the U.S. and rising tensions with China and Iran as uncertainties that will prompt more safe-haven buying. ◆ Jensen also … Read more

World’s Ultra Wealthy Urged By Financial Advisers and Largest Banks to “Hold More Gold”

World’s Ultra Wealthy Urged By Financial Advisers and Largest Banks to “Hold More Gold”

] Source: Reuters ◆ World’s wealthy are being urged by their financial advisers to hold more gold as they question the strength of the stock market rally and are concerned about the long-term impact of global central banks’ cash splurge. ZURICH /LONDON (via Reuters) – As stock markets roar back from the coronavirus led rout, … Read more