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Category: Gold

Forbes again fails to inform

Two days ago, Forbes ran an article about Senator Elizabeth Warren (Dem-MA) wants to cancel student debt in the next stimulus program.  However, no where in the piece did the writer reveal how much student debt was outstanding.

Record gold buying

In June, gold-backed ETFs recorded their seventh consecutive month of positive flows, adding 104 tons – equivalent to US $5.6 billion or 2.7% of assets under management. This brought 1st half global net inflows to 734 tons, significantly above the highest level of annual inflows, both in tonnage terms (646 tons in 2009) and US-dollar

Gold confusion

No wonder investors are apprehensive about buying gold.  Consider this headline on MarketWatch this morning: Gold struggles for direction after highest highest (sic) finish in nearly 8 years Gold is up $700 from its 2015 low of $1063.  Yet, this writer asserts that “gold struggles for direction.” With gold’s price action over the last five