When it comes to trading gold futures, there’s literally no place on Earth like London. While the commodities exchange (COMEX) division of the New York Mercantile Exchange (NYMEX) is the world’s second-largest platform for trading gold futures, it is a distant second place. Based on the volume of gold contracts traded, the London gold market […]
There is a growing trend spreading like wildfire across the investing community as more and more signs point toward a possible market disruption in the near future. It’s not simply a rush to safe havens like gold; it’s a veritable gold rush of storing precious metals in vaults. The Essentials of Storage Many people who […]
There’s a dusty old adage that goes something like, “You can’t reinvent the wheel.” Yet many fund managers and financial advisors would like you to believe that they have indeed reinvented the wheel. This time, the new revolutionary invention is called an ETF.
Let’s be loud and clear about this point: American citizens, and human beings more generally, have a right to hold wealth in a tangible form that cannot vanish from an electronic bank ledger in a moment. This would seem to be an incontrovertible truth. It’s a matter of privacy. In some cases, this simply means […]
Although China has surpassed India as the world’s #1 source of gold demand on a consistent year-to-year basis, it has not received as much publicity lately in conjunction with global gold demand.
While gold has proven to be a far better store of value than any currency over any long-term time horizon, and is thus chosen by many investors as an inflation hedge, its price fluctuations are generally rather volatile in the short run. Under normal circumstances, gold’s perceived trustworthiness over riskier investments attracts a fair amount […]
Especially since 2017 began, the fully digital cryptocurrency Bitcoin (BTC) has been squarely at the center of the financial news due to all of its wild price swings. (More on that below.)
More than anything else, the best way to characterize the global markets this year is a persistent relative calm with only intermittent “hiccups.” These hiccups repeatedly seem like the first salvos of a correction, yet have just as reliably turned out to be merely transient (as the Fed is fond of saying of various risks). […]
There’s a troubling trend in the bullion investing community that could have major consequences for those who own gold and silver. Yet this development is being pitched as the next great innovation in bullion security. Many investors may unwittingly be duped into disclosing exactly how much gold they have, and where it’s stored, all because of […]
The London Bullion Market Association (LBMA) administers the world’s largest physical gold market, and is heavily involved in certifying or authenticating the gold that trades in the City of London. Each day, a staggering $18 billion worth of gold traded in London during March (when the most recent data is available).
If you had to pick a field as an exemplar traditionally known for its ethical behavior, money managers (the groups that run hedge funds) are probably not your best choice. However, hedge funds are facing a much more existential threat: Since the financial crisis, hedge funds have had a difficult time outperforming “the market”—i.e. passively investing in […]
More so than many other industries, the gold market is especially concerned with supply chain integrity. This means that where your gold comes from is important.
We all know that gold and silver bullion are lustrous—in a word, shiny. It’s one of the physical properties that helps distinguish these metals from their more commonplace cousins. In a more figurative sense, however, 2017 may prove to be the time that these precious metals really began to shine (as financial assets).
American Silver Eagle sales for the first quarter of 2017 totaled a bit over 7.9 million coins, the slowest start since 2009. Considering that the first quarter is usually the most active time for Silver Eagle sales each year, current demand is pointing toward 2017 being the lowest mintage in at least six years. This […]
So the Federal Reserve met the markets’ expectations and raised its target interest rate by 0.25% today. (Interestingly, Wall St immediately jumped higher as the news broke right along with gold prices.) But what direction will the Fed ultimately go over the next two years? Before we dive into the rate hike, here’s a quick […]
Platinum and palladium are grouped together with the precious metals, and they certainly enjoy a modest level of demand from investors looking for the diversity of a tangible asset. However, these two commodities are also appropriately classified as industrial metals—the primary industry using them being the manufacture of automobiles.
Since the presidential election in November, the financial sector has ridden a fantastic rally to heights that only a few short months ago seemed improbable. Some of the biggest banks in the U.S. have seen their share prices rise by 20% to 30% in less than a quarter. Now, the executives running these TBTF banks […]
This year, three of the four rotating seats on the Federal Reserve Open Market Committee have been filled by the three newest regional Fed presidents: Robert Kaplan of the Dallas Fed, Patrick Harker of the Philadelphia Fed, and Neel Kashkari of the Minneapolis Fed. This will be the first time any of the three have […]
For the first time since 2012, the gold price moved in a positive direction in 2016, gaining over 8% in terms of U.S. dollars. This followed three consecutive losing years. This development came despite the dollar surging to a 14-year high toward the end of the year. In fact, when measured in other currencies, the […]
In what was a year marked by surprising results from elections and referenda around the world, 2016 saw its fair share of volatility in the financial markets. Naturally, some investors cashed in substantially. By and large, the winners were people adding to their already fabulous fortunes.