Young Guns of Gold Podcast ‘The Everything Bubble’
Precious Metal Roundtablediscuss gold in 2017 and outlook
Gold +9.1% year to date; Performing well given Fed raising rates, lack of volatility and surge in stock markets
People are expecting too much from gold
Economy: Inflation indicators, recession on the horizon, global debt issues
Global demand: ETF inflows, Russia central bank purchases, Germany investment figures and international coin demand bode well for gold
First monetary inflation, then asset inflation, next is price inflation
Gold bull market resumed; silver should outperform gold
Indicators point to inflation, a recession is on the horizon and the ‘Everything Bubble’ is the great threat to financial stability these are the conclusions of the Young Guns of Gold who hosted a Precious Metal Roundtable, this week.
Jan Skoyles from GoldCore and Jordan Eliseo of Australia’s ABC Bullion were hosted by Ronald Stoeferle of Incrementum in a reboot of their Young Guns of Gold podcast.
The Young Guns of Gold discussion was broken into three parts:
- Gold, Markets and Macro
- Gold’s Role in a Portfolio, 2017 and beyond
- Gold on the international stage
- Engagements and buying diamonds : )
Executive Summary
- High expectations of Trump’s reflationary growth policy dampened the gold price increase in 2016. However, Gold was still up 8.5% in 2016 and is up 10.6% since Jan. 2017.
- The further development of the normalization of monetary policy in the US is the litmus test for the US economy and it is decisive for how the gold price will develop.
- If the normalization of monetary policy does not succeed which we expect so gold will pick up momentum.
- Based on the premise that the bull market in gold has resumed, we expect the gold-silver ratio to decline.
Gold and Silver Bullion News andCommentary
Gold gains on weaker dollar (Reuters)
Stocks Gain, With Japan at Decade High; Euro Rise: Markets Wrap (Bloomberg)
China Is Said to Meet Bankers for First Dollar Bond Since 2004 17 (Bloomberg)
Chinese central-bank chief talks of reforms aimed at lifting yuan’s status (Marketwatch)
LME to expand trading around gold and silver reference prices (Reuters)
Allocation to gold contributes to outperformance. Source: Bloomberg
Gold A Good Hedge Against Against Market Turmoil Research (Bloomberg)
Video: Geopolitical bid and lack of tax reform should push gold higher (Bloomberg)
Rickards Warns The Market’s Got It Wrong (Zerohedge)
Are the foundations of London property finally crumbling? (Citywire)
Britain can’t cope with a fall in house prices here’s why (Independent)
Gold Prices (LBMA AM)
11 Oct: USD 1,290.20, GBP 978.62 & EUR 1,091.90 per ounce
10 Oct: USD 1,289.60, GBP 977.77 & EUR 1,094.61 per ounce
09 Oct: USD 1,282.15, GBP 976.23 & EUR 1,092.01 per ounce
06 Oct: USD 1,268.20, GBP 970.43 & EUR 1,083.93 per ounce
05 Oct: USD 1,278.40, GBP 969.28 & EUR 1,086.51 per ounce
04 Oct: USD 1,275.55, GBP 960.87 & EUR 1,085.11 per ounce
03 Oct: USD 1,270.70, GBP 959.00 & EUR 1,081.87 per ounce
Silver Prices (LBMA)
11 Oct: USD 17.15, GBP 13.00 & EUR 14.51 per ounce
10 Oct: USD 17.12, GBP 12.98 & EUR 14.53 per ounce
09 Oct: USD 16.92, GBP 12.86 & EUR 14.41 per ounce
06 Oct: USD 16.63, GBP 12.73 & EUR 14.20 per ounce
05 Oct: USD 16.66, GBP 12.64 & EUR 14.19 per ounce
04 Oct: USD 16.83, GBP 12.67 & EUR 14.29 per ounce
03 Oct: USD 16.61, GBP 12.53 & EUR 14.13 per ounce
Recent Market Updates
London House Prices Are Falling Time to Buckle Up
Perth Mint Gold Coins Sales Double In September
Gold Investment In Germany Surges Now World’s Largest Gold Buyers
Yahoo Hacking Highlights Cyber Risk and Increasing Importance of Physical Gold
Safe Haven Silver To Outperform Gold In Q4 And In 2018
Russia Gold Rush Sees Record Reserves For Putin Era
China Catalyst To Send Gold Over $10,000 Per Ounce?
Gold Matches S&P 500 Performance In First 3 Quarters; Up 12% 2017 YTD
Gold Standard Resulted In Fewer Catastrophes FT
Financial Advice From Man Who Made $1+ Billion in 1929 Importance Of Being Patient and Sitting
Gold prices to reach $1,400 before the end of the year GoldCore
Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder
ImportantGuides
For your perusal, below are ourmostpopularguidesin 2017:
EssentialGuideTo Storing Gold In Switzerland
EssentialGuideTo Storing Gold In Singapore
EssentialGuideto Tax Free Gold Sovereigns (UK)
Please share our research with family, friends and colleagues who you think would benefit from being informed by it.
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