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Tag Archives: safe haven

Peter Schiff: Gold Glitters in Times of Turmoil

Although it has given back some of its gains with news of a ceasefire and a resumption of talks in the trade war between the US and China, gold has surged over the last couple of weeks driven by global instability and turmoil – not only from the ongoing trade conflict, but also with the saber-rattling between the US and Iran. Gold broke through the $1,400 mark and hit six-year highs last week.Peter Schiff appeared on RT’s Boom Bust to talk about it along with the recent bitcoin...

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Is Gold the Victim of too Much Bad News?

There is plenty of bad news out there. We have a trade war. Geopolitical tensions between the US and Iran and the US and Russia are high. Turkey is in the midst of a currency crisis that some fear will spread beyond that country’s borders. So, why aren’t people seeking safe haven and buying gold and silver?The CEO at Australia’s Perth Mint has a theory. Richard Hayes said bad news has become so prevalent nobody really pays attention to it anymore. In a nutshell, bad news has become the...

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Brexit Turmoil Pushes Price of Gold Up in Pounds

The price of gold in pounds spiked Monday as Brexit confusion and political instability sent Brits scampering into safe havens.Spot gold against the pound rose nearly 1% after Brexit Minister David Davis and British Foreign Minister Boris Johnson both resigned their posts in protest. described Brexit as a “ramshackle exit from the EU,” as a European Central Bank policymaker warned it could damage economic growth in the eurozone.Davis and Johnson both represent the hardline “Leave” faction...

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Safe-Haven Hoarding: Indians Holding on to Their Gold

Indians are hoarding their gold despite an increase in the price during the first quarter of 2018. Analysts say they are holding onto their gold in anticipation of bigger price increases.Gold was up around 1.5% in dollar terms in the first quarter of this year. According to the , the yellow metal appreciated 4.41% in rupees.Even with that healthy increase, old gold sales in India fell by 35-40% in Q1 2018 compared to the previous quarter. According to the paper, analysts and traders think...

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Geopolitical Risk: The New Normal

Over the last year, we’ve talked a lot about geopolitical risk. Could turmoil around the world now be the new normal?Some analysts think so.The focus has primarily been on tensions between the US and North Korea in recent months. But there have been plenty of other risk factors popping up around the world, including ongoing uncertainty about Brexit, the secession movement in Catalonia, continued fighting in the Middle East, terror attacks,  tensions between the US and Russia, various...

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Gold Hits Highest Level in Over a Year

Gold hit its highest price in over a year Friday, breaking through the $1,350 barrier.Friday morning, the spot price of gold was over $1,352, its strongest level since Aug. 2016. The yellow metal was up 2% on the week and was set for its third consecutive weekly gain.A number of factors continue to drive the price of gold higher.Most obviously, people are buying gold as a safe haven. In the short-term, economists are concerned about the impacts of Hurricanes Irma and Harvey. And tensions...

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Friday Gold Wrap Podcast Sept. 1, 2017

The SchiffGold Friday Gold Wrap Podcast provides you with a brief overview of the past week’s precious metals news. https://schiffgold.com/wp-content/uploads/2017/09/sg1-9117-9.59-AM.m4aIn this episode, I discuss gold’s breakout through the $1,300 barrier and the safe-haven buying that could push the yellow metal even higher. I also offer some thoughts on Peter Schiff’s recent interview with Joe Rogan about Pres. Trump’s hypocrisy on the economy along with a recap of some news.Tune in to...

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It’s a Scary World Out There; Gold Is the Safe Haven

Gold finally broke through and held above the $1,300 resistance level this week.There are a number of factors in place that could help sustain a gold bull run, but the biggest driver right now is fear.And the fear isn’t unjustified. It’s a scary world out there.As an article in the put it, “the surge in the price of gold appears to be more than a ‘technical’ move. Instead, it smacks of fear in the markets.”A weak dollar has certainly been a factor in the rising price of gold. But as the...

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Why Are Chinese Investors Buying Up Gold Bars?

Chinese investors are buying gold bars at a torrid rate. China’s appetite  helped drive global demand for physical gold up 9% in the first quarter of 2016. Chinese investors gobbled up 105.9 tons of gold in Q1. That represents a 30% year-on-year increase, and was the fourth strongest quarter on record.So, why the strong demand for physical gold in China? Mao Mao, a gold dealer in downtown Shanghai, told the she sees three major factors  pushing the Chinese gold rush – and they all relate...

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