USD as a Percentage of Global Reserves Down, then Up. What’s next for Gold?

When the euro arrived on the scene, it took over around 32% of global foreign exchange reserves from the USD, with the tacit approval of the U.S. This dropped the USD’s percentage of global reserves from 95% to around 63%. Since then [2000] its percentage of reserves dropped from 63% to 53% and now has […]

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Three Reasons Why Gold's Best Days Are Ahead

It may be hard to find someone as enthusiastic about precious metals mining as Sean Brodrick. A natural resource strategist with the Baltimore-based Oxford Club, an independent financial organization, Brodrick isn’t only filling his own portfolio with gold miners, he’s launching two new newsletters to research and vet resource stocks. While Brodrick might be putting […]

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"Democratize" Gold and Give the Government a Black Eye

We all know that, so long as the Fed keeps the printing presses on, the risk of a worldwide currency crisis gets even higher. Gold, of course, is the timeless hedge here – for all the reasons you and I know. But are we truly prepared for a currency crisis? Much of the gold in […]

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Gold and Silver Price Manipulation from the Top Down

The manipulation of gold prices, along with practically every other asset class, has perfectly transparent legal precedent. The precious metals political hot potato taboo has been strong enough to make it almost impossible for the mainstream to understand. And while it is perfectly plausible and even celebrated by the practitioners, the greatest threats to economic […]

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Gold and the evolution of the dollar

As more and more liquidity is pumped into the global financial system, so gold bugs have become increasingly vocal about the precious metals monetary properties and the importance of hard assets. And, for good reason, they argue, the metal has been used as a monetary asset for centuries.  But, while it remains a medium of […]

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Gold and silver prices bounce back as the Fed stops manipulating them down and why this will continue

The big sell orders at the end of the day have stopped in the bullion markets and the prices of gold and silver have rebounded in good measure. That’s the win-win scenario that ArabianMoney forecast would follow the raising of the debt ceiling (click here). The bullion banks are no longer getting late night calls […]

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Bullion banks “selling gold they don’t possess”. Squeeze alert!

The statement in the title relates to a frustrated comment in a recent King World News interview with John Hathaway, a renowned gold stocks analyst who manages the well-respected Tocqueville Gold Fund in the USA.  Now, this factoid will not be news to regular readers of Mineweb,  or to any avid follower of the gold market, and […]

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How to Avoid a Devastating Retirement Planning Mistake

“Think you have reached the holy grail of retirement? Good financial planners use sophisticated computer programs to help us set retirement savings goals. They input dozens of variables based on assumptions about how the world works, and out pops a number telling us how much we should save during our working years. That number, combined […]

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U.S. Treasury “Firm Believers In Gold", Will Not Sell Even To Avoid Default

“Today’s AM fix was USD 1,298.00, EUR 959.56 and GBP 814.51 per ounce. Yesterday’s AM fix was USD 1,309.50, EUR 968.28 and GBP 819.77 per ounce. Gold fell $13.10 or 0.99% yesterday, closing at $1,306.30/oz. Silver slipped $0.45 or 2.02% closing at $21.85. Platinum dropped $16.50 or 1.2% to $1,379.10/oz, while palladium fell $11.28 or […]

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How the gold price could double overnight in a major US dollar devaluation crisis

“With the US Government shutdown last week weakening the US dollar across the board in global currency markets it is only too easy to read the relatively lacklustre performance of gold wrongly. For in a major US dollar devaluation crisis, like the one that would follow a failure to raise the debt ceiling on October […]

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