Tag Archives: Precious Metals

U.K. Royal Mint Runs Out of Sovereign Gold Coins on Demand

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“The U.K.’s Royal Mint, which traces its history back more than 1,000 years, ran out of 2014 Sovereign gold coins as prices near a six-month low led to ‘exceptional demand.’  The mint, based in Llantrisant, Wales, expects to have stocks of the coins again by the end of January, it said in a statement e-mailed today.  Gold dropped to a six-month low of $1,182.27 an ounce in London on Dec. 31, capping the largest annual decline since 1981.  Bullion slumped for the first time since 2000 last year as some investors lost faith in the metal as a store of value and on speculation an improving economy will spur the Federal Reserve to slow stimulus.”

http://www.bloomberg.com/news/2014-01-08/u-k-royal-mint-says-runs-out-of-2014-sovereign-gold-coins.html

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China Seen by Bloomberg Industries Boosting Bank Gold Reserves

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“China may have vaulted ahead of Italy and France last year to become the third-largest holder of gold, according to a Bloomberg Industries report.  Assets were probably about 2,710 metric tons, compared with the last reported holdings of 1,054 tons in April 2009, according to the report. Italy’s holdings are 2,451.8 tons, and France owns 2,435.4 tons, according to the World Gold Council data. The U.S. is the biggest holder with 8,133.5 tons. China’s central bank probably added 622 tons last year after reserves increased 380 tons in 2012, according to the report by Kenneth W Hoffman, senior metals and mining analyst at Bloomberg Industries.”

http://www.bloomberg.com/news/2014-01-10/china-seen-by-bloomberg-industries-boosting-bank-gold-reserves.html

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Gold Mining Deals Seen Rebounding on Price Discount

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“Investment bankers see gold-mining deals rebounding this year from a near-decade low as producers target assets at fire-sale prices after the metal plunged.  Gold-mining companies are close to their cheapest relative to book value in at least two decades, according to data compiled by Bloomberg. Meanwhile producers will be enticed to replace some of the output lost when they sold or curtailed less-profitable mines, said Barclays Plc’s Paul Knight.  The Standard & Poor’s/TSX Global Gold Sector Index lost almost half its value last year as the metal fell the most in more than three decades.”

http://www.bloomberg.com/news/2014-01-08/gold-mining-deals-seen-rebounding-on-price-discount-comm.html

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Race To Debase – Fiat Currency Vs Gold, Silver 2000-2014

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“How has your Paper Currency performed versus Silver and Gold in the 21st Century?  You may be surprised by the answers below.  Below you will find 120 fiat currency’s nominal values versus silver and gold prices thus far in the 21st Century.  Not one paper currency has outperformed bullion thus far, see for yourself.”

http://goldsilver.com/article/race-to-debase-fiat-currency-vs-gold-fiat-currency-vs-silver-2000-2014/

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GoldMoney Group adds Bitcoin to commodity vault

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“One of the UK’s leading precious metals storage firms is adding an altogether more unusual commodity to its vaults – Bitcoin.  GoldMoney Group, which holds $1.4 billion worth of precious metals for customers, is setting up a new business specialising in ‘cold’ storage of Bitcoin, an increasingly popular digital currency. Netagio will encrypt Bitcoins and store them on offline storage devices in secure vaults.  Netagio, which soft launched at the beginning of December, already has several customers signed up and Hamblin predicts good demand for the service.  The new venture joins London-based Elliptic, a Lloyds of London-backed Bitcoin storage specialist which launched last week.”

http://www.independent.co.uk/news/business/news/goldmoney-group-adds-bitcoin-to-commodity-vault-9055414.html

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23 Reasons to Be Bullish on Gold

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“A flood of outflows from gold ETFs, endless tax increases on gold imports in India, and the mirage (albeit a convincing one in the eyes of many) of a supposedly improving economy in the US have all contributed to the constant hammering gold took in 2013.  Perhaps worse has been the onslaught of negative press our favorite metal has suffered. It’s felt overwhelming at times and has pushed even some die-hard goldbugs to question their beliefs… not a bad thing, by the way.  To me, a lot of it felt like piling on, especially as the negative rhetoric ratcheted up. Last year’s winner was probably Goldman Sachs, calling gold a ‘slam-dunk sale’ for 2014.”

http://www.caseyresearch.com/articles/23-reasons-to-be-bullish-on-gold

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How the Big Guns Are Playing Gold Mining Stocks

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“Institutional investors see unusual opportunities in gold mining stocks. Some figure the gap between the prices of gold bullion and mining stocks is so wide that they can make profitable bets on that valuation gap narrowing. Others see improvements in management and operations of miners. A third group likes mining stocks simply because they hope to profit from the stocks’ volatility.  The essential thing to understand about gold mining stocks is that the price of the miner’s shares has fallen much faster than the price of gold itself. This has opened up a valuation gap between gold and bullion that has sent gold-seeking money managers away from holding gold and into the mining stocks.”

http://www.bloomberg.com/news/2014-01-09/how-the-big-guns-are-playing-gold-mining-stocks.html

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India eases gold lending rules

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“India’s central bank has increased the amount that finance companies can lend in return for gold deposits.  Under the new rules, non-banking finance companies (NBFCs) can lend up to 75% of the value of gold, from 60%.  The central bank revised the rules because their gold loan portfolios were showing only moderate growth.  Lending against gold is a fast-growing business in the Indian economy, and the industry is valued at more than $20bn (£12bn).  India is placed 11th in the global ranking for gold holdings by central banks, with 8.4% of its reserves held in gold, according to the World Gold Council.”

http://www.bbc.co.uk/news/business-25663872

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GreenBank Capital makes first Bitcoin angel investment

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“GreenBank Capital (CSE:GBC), the Bitcoin merchant bank, says it has made its first investment through its new Bitcoin Angel subsidiary, acquiring 20% of the Sovereign Exchange International, which issues Sovereign virtual trade currency and operates the Sovereign Exchange.  The exchange will facilitate the conversion of physical gold or silver into Bitcoin, which will provide precious metal investors with ‘purchasing-power within a business community that extends price discounts for virtual grams of silver, known as Sovereigns.’  Every Sovereign will be 100% secured by investment grade bullion, and can be tendered between members or used at any time to claim physical gold or silver.”

http://www.proactiveinvestors.com/companies/news/51119/greenbank-capital-makes-first-bitcoin-angel-investment–51119.html

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The Daily Bell – Investment Trends 2014

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“Welcome to 2014. Here are some dominant social themes I’ve selected to watch in 2014. In each case, I’ve selected a recent mainstream article to illustrate the trend in question: Gold to begin with, given the slump this metal has been in of late… We don’t have a time or a price point for gold going forward, but we do believe there are many signs of the yellow metal’s manipulation and sooner or later it will be time to buy once again. Biotech is sure to continue benefiting from what we have called the ‘Wall Street Party,’ a series of presumably arranged monetary and regulatory events that are boosting equity markets higher around the world and especially in the US – albeit not without volatility.”

http://www.thedailybell.com/trends-and-sector-reports/34886/Investment-Trends-2014/

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