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Revered analyst Alasdair Macleod, head of analysis at Gold Cash, who has gone out on a limb to declare we’re ripe for a banking disaster very quickly, and a fiat forex failure by the top of the 12 months, returns to Liberty and Finance to report that China is already dumping the Greenback and shopping

James Turk Weblog: James Turk: The Current Financial Order is Not Going to Survive James Turk: The Current Financial Order is Not Going to Survive Paul Buitink talks to James Turk, founding father of GoldMoney, concerning the present financial disaster. James thinks it is going to inevitably result in a collapse of confidence in fiat

We’re in the midst of a modern-day gold rush. The precious metal has reached record high prices in recent days. A survey of 1,000 people by Magnify Money found that one out of six have invested in gold or other precious metals since May, and about half of Americans are seriously thinking about buying gold.

Why is gold rallying? Gold is up about 19% so far this year, as lower interest rates and central bank stimulus have supercharged existing upward momentum for the precious metal. Gold is typically seen as a “safe haven” asset in times of uncertainty because it is less volatile than other investments, like stocks. What’s more, the metal

Pixabay Every year around this time, we check in with raw materials for our popular commodities halftime report. This year, it wasn’t even a competition. Precious metals were the big winners for the first six months of 2020. Spot gold took the first place position, rising over 17 percent, followed in second place by silver,

Precious metals such as silver, platinum and palladium are a way to diversify one’s portfolio, away from a single precious metal. Although they are often correlated to gold, they have their own independent demand and supply dynamics. While gold is at $1,717 (as of 3 June 2020) per ounce close to its all-time high of

By Rajendra Jadhav, Asha Sistla * Most demand still coming from institutional investors * China discounts drop, some jewellers open up in India * Singapore to re-open economy from June in phases BENGALURU/MUMBAI, May 22 (Reuters) – Physical gold demand picked up in top Asian hubs this week as economies gradually come out of coronavirus

By Asha Sistla, Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical bullion demand was steady in Singapore this week as investors sought cover from economic uncertainties due to the coronavirus, while activity wound down in top hub China ahead of a public holiday. FILE PHOTO: A salesman arranges gold bangles inside a jewellery showroom on the occasion

By Asha Sistla, Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical bullion demand was steady in Singapore this week as investors sought cover from economic uncertainties due to the coronavirus, while activity wound down in top hub China ahead of a public holiday. FILE PHOTO: A salesman arranges gold bangles inside a jewellery showroom on the occasion

By Asha Sistla, Rajendra Jadhav * Key Indian gold shopping for competition did not revive gold demand * China’s jewelry consumption slumped 65% in Q1- WGC * China and Hong Kong closed for Labour Day vacation * Benchmark spot gold costs on observe for worst week in six BENGALURU/MUMBAI, Might 1 (Reuters) – Bodily bullion

By Arpan Varghese, Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical gold demand in China continued to be in the doldrums this week as the coronavirus-led restrictions stalled activity, with dealers in the top consumer offering massive discounts. FILE PHOTO: A salesperson arranges 24K gold bracelets for Chinese weddings at Chow Tai Fook Jewellery store in Hong

By Arpan Varghese, Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Bodily gold demand in China continued to be within the doldrums this week because the coronavirus-led restrictions stalled exercise, with sellers within the high client providing large reductions. FILE PHOTO: A salesman arranges 24K gold bracelets for Chinese language weddings at Chow Tai Fook Jewelry retailer in

Precious metals investors had an excellent 2019, with gold, silver, platinum and palladium seeing sustained growth over a 12-month period. Gold eclipsed the critical resistance barrier of $1,500 per ounce in September. Other metals saw even more impressive growth, but none more than palladium, the most valuable of the four major precious metals. Palladium, a lustrous

By Sumita Layek and Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical demand for gold jumped this week in Singapore as buyers took advantage of a recent slide in prices after investors dumped the metal to raise cash, while discounts in India narrowed despite closures due to the coronavirus outbreak. In Singapore, premiums rose to $0.70-$0.80 an

By Sumita Layek and Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical demand for gold jumped this week in Singapore as buyers took advantage of a recent slide in prices after investors dumped the metal to raise cash, while discounts in India narrowed despite closures due to the coronavirus outbreak. In Singapore, premiums rose to $0.70-$0.80 an

By Sumita Layek and Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical demand for gold jumped this week in Singapore as buyers took advantage of a recent slide in prices after investors dumped the metal to raise cash, while discounts in India narrowed despite closures due to the coronavirus outbreak. In Singapore, premiums rose to $0.70-$0.80 an

By Sumita Layek, Rajendra Jadhav * India discounts drop to $6/oz from $33 last week * India jewellery shops to stay closed next week -dealer * Bangladesh Jewellers Association cuts gold prices BENGALURU/MUMBAI, March 20 (Reuters) – Physical demand for gold jumped this week in Singapore as buyers took advantage of a recent slide in

Gold was one of the highest-performing investments in 2019. The precious metal started the year at US$1,286 per ounce and ended it at $1,525 — about an 18.5% gain in a 12-month span. Although gold’s run cooled down in the last quarter of 2019, there’s plenty of cause for optimism for gold investors in 2020.

LONDON (BLOOMBERG) – It is five times more costly than gold and shocked investors by reaching US$8,200 per ounce last week. Rhodium – mainly used in autocatalysts for cars and five times more costly than gold – surged 32 per cent already this month and 225 per cent year on year, touching the highest since

The nature of the probe is unclear, and the Monetary Authority of Singapore did not accuse the firm of any wrongdoing.  Scrutiny of the precious metals trading unit at J.P. Morgan, one of the world’s largest gold brokerages, has spread to Singapore, according to a «Reuters» report, which cited three unnamed sources. In the U.S.,

The nature of the probe is unclear, and the Monetary Authority of Singapore did not accuse the firm of any wrongdoing.  Scrutiny of the precious metals trading unit at J.P. Morgan, one of the world’s largest gold brokerages, has spread to Singapore, according to a «Reuters» report, which cited three unnamed sources. In the U.S.,

NEW YORK/LONDON/SINGAPORE (Reuters) – Regulatory scrutiny of precious metals trading at JPMorgan Chase & Co., one of the world’s largest gold brokerages, has expanded to Singapore and ensnared two more bank employees, according to people familiar with the situation. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters

NEW YORK/LONDON/SINGAPORE (Reuters) – Regulatory scrutiny of treasured metals buying and selling at JPMorgan Chase & Co., one of many world’s largest gold brokerages, has expanded to Singapore and ensnared two extra financial institution workers, based on individuals accustomed to the state of affairs. FILE PHOTO: A view of the outside of the JP Morgan

This year’s rally in the gold price – a 24% rise between January and August when it touched $1,550 an ounce (oz)  –  vindicated BNP Paribas’s (BNPP) commitment to its commodity trading operation in China. In October, it was awarded a licence to join the main board of the Shanghai Gold Exchange (SGE) – the

Singapore is positioning itself to become the region’s global precious metals trading and financial hub as it gathered support at the Asia Pacific Precious Metals Conference, that brought together Asia’s biggest players in the industry. The conference, organized by the Singapore Bullion Market Association (SBMA), said Singapore could work as a rotating platform where the

Despite looming headwinds caused by the ongoing U.S-China trade war and slowing global growth, the international bullion community turned up in strong numbers at the third Asia Pacific Precious Metals Conference. Singapore’s received strong support in its bid to become the region’s precious metals trading hub as the Asia Pacific Precious Metals Conference, held on

Singapore is positioning itself to grow to be the area’s world treasured metals buying and selling and monetary hub because it gathered assist on the Asia Pacific Treasured Metals Convention, that introduced collectively Asia’s largest gamers within the trade. The convention, organized by the Singapore Bullion Market Affiliation (SBMA), mentioned Singapore might work as a

Precious metals like gold, silver, platinum and palladium can be an important part of a… [+] well-diversified retirement portfolio, giving you the opportunity to invest in something tangible that can weather a financial crisis. iStock Photo Gold and precious metals can offer another level of diversification in your retirement account. Not only can you purchase,

On 14 January 2019, a new bill setting out a risk-based anti-money laundering and countering-the-financing-of-terrorism (AML/CFT) regime for precious stones and precious metals dealers (the Bill) was tabled for first reading in the Singapore parliament. The Ministry of Law (MinLaw) had consulted on the Bill in September and October 2018. The Bill will apply to

On 14 January 2019, a brand new invoice setting out a risk-based anti-money laundering and countering-the-financing-of-terrorism (AML/CFT) regime for valuable stones and valuable metals sellers (the Invoice) was tabled for first studying within the Singapore parliament. The Ministry of Legislation (MinLaw) had consulted on the Invoice in September and October 2018. The Invoice will apply

LONDON (Reuters) – Australia and New Zealand Banking Group Ltd (ANZ), whose gold bullion business is one of Asia’s largest, said on Thursday it was closing its precious metals vault in Singapore. FILE PHOTO: An ANZ bank logo is pictured in Sydney, Australia April 23, 2018. REUTERS/Edgar Su/File Photo The move follows the bank’s sale

LONDON (Reuters) – Australia and New Zealand Banking Group Ltd (ANZ), whose gold bullion enterprise is considered one of Asia’s largest, mentioned on Thursday it was closing its treasured metals vault in Singapore. FILE PHOTO: An ANZ financial institution brand is pictured in Sydney, Australia April 23, 2018. REUTERS/Edgar Su/File Photograph The transfer follows the

SINGAPORE – Jewellery retailers and dealers of precious metals and stones, including second-hand goods dealers and auction houses, will have to register with the Ministry of Law under proposed guidelines for the industry. All regulated dealers of precious stones and metals, like diamonds, jade, silver and gold, will have to register with the ministry under

It’s the tip of an period for precious-metals patrons and sellers in Asia. For hundreds of years, particular person patrons of valuable metals patronized the identical retailers and native sellers trusted by some households for generations. Now, amid the identical common progress of e-commerce all over the place, bullion retailers in nations like Singapore, Malaysia,