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Tag Archives: Investing

Silver Demand Expected to Exceed 1 Billion Ounces in 2021

Every key area of silver demand is forecast to rise in 2021, according to the Silver Institute’s Interim Silver Market Review.The institute projects silver demand will come in at 1.029 billion ounces this year. That would mark the first year demand has exceeded 1 billion ounces since 2015.Industrial demand for silver is expected to reach a record high of 524 million ounces. Demand in the solar sector will be a primary driver, with a 13% increase to over 110 million ounces. Meanwhile,...

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Will Gold Blast Through $1900 on a Brainard Nomination This Weekend?

Gold finally broke through the $1,800 resistance after yet another sizzling hot CPI read. Could $1,900 be next?The analysis last month and the month before showed that a breakout in the price of gold looked to be very close.It happened!Gold took out $1800 and then sliced through $1835 without much effort. After a big move, gold will typically rest and consolidate before moving on. This week, gold has looked more like a prisoner trapped in a box than a weary traveler looking to...

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Don’t Fall for It! SchiffGold Friday Gold Wrap November 19, 2021

The retail sales numbers for October came in even better than expected. The mainstream reported this as fantastic news — proof that the economy is booming. Meanwhile, Janet Yellen went on national TV and put a new spin on the transitory inflation narrative. In this week’s Friday Gold Wrap, host Mike Maharrey explains why you shouldn’t fall for all this mainstream and government spin.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news...

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Central Banks Globally Add More Gold in Q3

Central banks globally added 69 tons of gold to their reserves in the third quarter, according to data compiled by the World Gold Council. This contrasts with a net decrease in reserves of over 10 tons in Q3 2020.Net gold buying by central banks reached 393 tons at the end of Q3. Central banks have already bought more gold this year than they did in the entirety of 2020 (255 tons) with one quarter left to go. The World Gold Council says net gold purchases are “poised to reach a...

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You Call This Transitory? SchiffGold Friday Gold Wrap Nov. 12, 2021

The October Consumer Price Index data came out this week. They expected it to come in hot. But not this hot. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the CPI numbers, along with another inflation index that looks even worse, and he wonders out loud how anybody can still buy into this “transitory” inflation narrative. The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis....

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Strong Chinese Gold Demand Continued in October

Gold demand remained strong in October according to the latest data released by the World Gold Council.Both gold withdrawals from the Shanghai Gold Exchange (SGE) in October and gold imports in September were up year-on-year, and Chinese ETF gold holdings set a new record. These all signal that the Chinese gold market continues to recover after it was hit hard by the coronavirus pandemic.China ranks as the world’s number one gold consumer.Gold withdraws from the SGE totaled 137 tons in...

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Peter Schiff: Gold Rally Indicates Sellers Are Exhausted

Despite the Fed announcing it will begin tapering QE and a better than expected jobs report, gold rallied on Friday. In his podcast, Peter Schiff said this is sign sellers are exhausted.According to the October non-farm payroll numbers, the US economy added 531,000 jobs, well above the projection of 450,000. The two prior months also saw significant upward revisions. The unemployment rate dropped to 4.6%. The one weak spot was labor rate participation, which remained at 61.6% instead of...

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It’s Taper Time! But so What? SchiffGold Friday Gold Wrap Nov. 5, 2021

The Federal Reserve wrapped up its FOMC meeting on Wednesday and finally announced the much-anticipated QE taper. The Fed will cut its bond-buying program by about $15 billion a month. But so what? In this episode of the Friday Gold Wrap, host Mike Maharrey digs into the Fed announcement and raises some very important questions.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the...

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Silver’s Growing Role in Global Connectivity and Other Silver News

The use of silver in electronics and electrical applications is expected to rise by 10% over the next five years. And this doesn’t include the expected demand increase for silver in the solar energy sector.This is one of several silver-related stories covered in the latest edition of published by the Silver Institute.According to a recent report published by the silver institute, the use of silver in electronics is projected to increase from 224 million ounces to 246 million ounces by...

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Peter Schiff: What’s Going on With the Price of Gold?

Gold has been rangebound of late, bouncing between $1,750 and $1,800 an ounce for several months. Given the inflationary environment, one would expect gold to be soaring. So, what’s going on with the yellow metal? And when will the price of gold go up? Peter Schiff tackled this question during a recent Q&A session on YouTube.First, Peter pointed out that you have to step back and look at the big picture. If you go back to 2000, the price of gold was at the bottom of...

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