The Gold Enthusiast »
Gold Confiscation In India?
Jayant Bhandari warns “there are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal” as he discusses India’s attempts to create a cashless society (and consequences of
Read More »
Gold Seems To Firm – Time To Dive Back In?
Gold plunged following the Fed’s announcement that they were not only raising interest rates, but looking at 3 rate hikes in 2017. If each of these was the usual quarter-point, that would mean a
Read More »
And Janet Said: Let Gold Drop!
As expected, the Fed raised interest rates yesterday. They opted for the small 0.25% rate hike on the base Fed funds rate. Traders and investors responded with another round of selling. With few buyers,
Read More »
It’s I-Day At The Fed – What Will Gold Do?
Today is the day the Fed “most probably” will raise interest rates. Gone, for a while at least, are ultra-cheap mortgages and car loans. Anticipating this rate, banks and lending agencies around the country
Read More »
UK Investors Want Gold!
Like what we’re seeing in India and China, UK’ers apparently want some golden security. Firms selling and storing physical gold are seeing rather dramatic increases in demand, such as BullionVault in Great Britain. The
Read More »
Gold Eyes Fed Meeting; China Premium Continues
All eyes on Wall Street are watching for the Federal Reserve meeting this week. The two-day yawn fest happens Tuesday and Wednesday. Consensus, and pre-meeting talk among the members, looks for a 0.25% increase
Read More »
Gold Subdued Looking Into Fed Rate Hike
US gold traders appear to be hanging back in the face of an almost-certain Fed rate hike next week. Gold prices dropped the past two weeks as investors and traders fled so-called “paper gold”
Read More »
Chinese Scrambling For Gold
People all over the world are hungry for physical gold, it seems. Yesterday the Chinese sent the premium for physical gold to a new 3-year high. The Gold Enthusiast has reported on this several
Read More »
Gold vs Fed Rate Hike
Next week the Fed is expected to hike the base interest rate a quarter point. In absolute terms this is tiny, but in market terms it’s big. Before 2008 the average for this rate
Read More »
Gold Accepted Into Islamic Standard Finance
This is a really big deal. The the Accounting and Auditing Organization for Islamic Financial Institutions adopted Shariah-compliant rules for trading gold. This means Islamic banks can use gold to satisfy asset requirements for
Read More »
