Saturday, August 17th, 2019 MST

Category: Gold

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.

World economy slowing

By many measures, the world’s economy is slowing, and some CBs — namely New Zealand, India, Malaysia, and the Philippines — have already lowered rates.  Australia lowered June 4, the largest developed country to cut rates this year.  In May, China lowered reserve requirements for small- and medium-sized banks, which pushed interest rates there to

More recommendations to buy gold

After having said on TV that gold is “his favorite investment” over the next 12–24 months, Paul Tudor Jones bought $82 million in gold shares, as reported by Bloomberg.  Earlier in June, Jeffrey Gundlach, known as the “Bond King,” said, “I am certainly long gold.”  Gundlach sees a recession on the horizon, and he expects

Silver is cheap, dirt cheap

In this clip, billionaire investor Paul Tudor Jones talks about gold being the investment for the next 12 to 24 months. In fact, he states that gold “has everything going for it.”  A few days later, Bloomberg reported that Tudor pulled the trigger on an $82 million purchase of gold-related shares.

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