Saturday, August 17th, 2019 MST

Yearly Archives: 2019

Inflows into gold-backed ETFs continue

Gold-backed ETFs and similar products added 52 tons of gold in July, in addition to the 125 tons added in June, increasing their collective holdings to 2,600 tons – a level not seen since March 2013.  ETFs are preferred by many institutional and large investors, while smaller investors (and some large investors) like to buy

Gold on the march

Record-breaking central bank and ETF buying boosted 2019’s first half demand to a three-year high, according to the World Gold Council.  Also contributing to demand was a more positive environment for Indian consumers, which have always been big jewelry buyers.

IRS goes after cryptocurrency investors

Cryptocurrency advocates have long maintained that the primary benefit of “cryptos” is that they are not centrally controlled, actually residing on cell phones.  Transfers from one holder to another do not go through a “central bank,” such as the Fed, but from one phone to another.  This was supposed to be beyond the reach of

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