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Tag Archives: Gold

Fun on Friday: Just Say No to Gas Station Gold

Here’s a tip for you.If some guy comes up to you in a gas station parking lot and tries to sell you gold, don’t buy it.Seriously. Just say, “No!”Who would even buy gas station gold? You might ask.Well apparently, a lot of people.According to a report on Eyewitness News 3 in Hartford, Connecticut, one jewelry and coin dealer has had close two 20 people come in looking to sell fake gold they bought in a gas station parking lot.  Some 20 people coming into just one store.That’s a lot of...

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Trump’s Strange Economic Tightrope: ShiffGold Fridat Gold Wrap Aug. 23, 2019

This week has been relatively quiet in the markets. Gold has drifted up and down as traders wait to see what kind of message Fed Chair Jerome Powell will deliver during his Jackson Hole speech. In this episode of the Friday Gold Wrap, host Mike Maharrey covers some tidbits of news and speculates about what Powell will say. Then he pivots and talks a little bit about President Trump and the strange economic tightrope that he’s trying to walk.The SchiffGold Friday Gold Wrap podcast combines...

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Gold Serving as a Lifeline for Indians During Credit Crunch

Gold has become a lifeline for Indians in the midst of a severe credit crunch.When the state-run lender refused to extend Babasaheb Mandlik credit, he used his wife’s gold jewelry as collateral for a loan in order to buy cotton seeds before the summer sowing season window closed.According to , Mandlick owns a small 8-acre cotton farm in western India. He pledged 70 grams of gold in return for a 150,000 rupee loan (about $2,105). Without the gold, he wouldn’t have been able to plant this...

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Peter Schiff: Now Is a Great Time to Get Into Gold

Markets have been yo-yoing and analysts have been debating what it all means. Peter Schiff appeared on on Aug 19 to talk about what’s going on in the global economy and more specifically in the gold market. Peter said now is an ideal time to get into gold.Peter started out the interview asserting that all of these interest rates that we’re seeing from central banks around the world aren’t going to help the economic situation.The problem in the global economy is not that...

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Mobius: Buy Gold at Any Level!

Last week we reported that the mainstream is turning bullish on gold, and in recent months, a number of prominent investors including Paul Tudor Jones, Thomas Kaplan and David Roche have all talked up the yellow metal. This week, we have another well-known veteran investor saying buy gold.During an interview with , Mark Mobius said that at this point investors should buy gold “at any level.”I think gold long-term prospect is up, up, and up.”Why is Mobius bullish on gold? As he put it,...

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Gold Gets Whacked, So What Are You Waiting For?

A Pfennig For Your Thoughts August 19, 2019 * The Fed’s Jackson Hole Boondoggle is next week…* U.S. Retail Sales are strong, and that has the dollar bugs dancing! Good Day… And a Marvelous Monday to you! Brother! I guess I need to go back to school to learn how to read a calendar, eh? Last Thursday, I erroneously said, that next week (this week now) would lead us to the Labor Day weekend.. Nothing like skipping a week, eh, Chuck? What a dolt I am at times, eh? My wife hosted a baby sprinkle...

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Protect Your Wealth Against the Law of Unintended Consequences

A number of weeks ago, I told you about my visit to the New York Stock Exchange (NYSE), where we celebrated the two-year anniversary of our quantamental gold ETF. The timing couldn’t have been better. Investor sentiment in gold was surging, as was the price of the yellow metal, on plunging yields around the world and uncertainty surrounding the U.S.-China trade war. Some of the institutional investors I met with at the NYSE relayed their clients’ concerns about the state of the world economy...

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Recession Warning! SchiffGold Friday Gold Wrap Aug. 16, 2019

The bond market flashed a major recession warning sign as the yield curve inverted this week. Meanwhile, Trump whipsawed markets when he appeared to blink in the never-ending trade war with China. That made for an interesting week for gold. In this week’s Friday Gold Wrap podcast, host Mike Maharrey breaks down the events of the last few days and their impact on precious metals. He also remembers an important day in history that went mostly unnoticed in the mainstream.The SchiffGold Friday...

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Getting Nervous About the Stock Market? Here’s Your Antidote

By Jeff Clark Senior Analyst, GoldSilver.com If you didn’t catch it, gold has passed the S&P 500 in year-to-date performance. Through August 12, gold is up 18.1%, while the S&P has risen 13.8%. Silver is nipping its heels, now up 10.2% YTD. But what is perhaps more significant is the one-year performance. It just might show that Wall Street is bailing on unicorns and blue-chip stocks and shifting into gold and silver… Over the past 12 months, the gold price has...

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