Recently there has been some divergence in the inflow/outflow of gold into two separate ETFs. The larger SPDR Gold Shares ETF has seen weekly outflows since mid-November. However, the smaller iShares Gold Trust has seen two weeks of inflows. What does this mean? The larger ETF is mainly used by …
FinTech Flop – The US is Being Left Behind
Innovation is key to the ongoing health and prosperity of a nation. Technological innovation is exploding across the world. Few industries benefit more from this phenomenon and are set to contribute more to the long term health of the global economy than FinTech. Unfortunately, the United States regulatory agencies just …
Millennials On Saving For Retirement – How About Gold?
Millennials are probably the most scrutinized generation ever. Why? Because technology today enables vast amounts of personal data collection and this group loves to use technology. Thus, they have given analysts the raw data they need to look into their behaviors individually and as a group. Despite their love of …
The Move Toward A Cashless Society Goes Global
First India. Now Australia is considering removing some banknotes from circulation. These are opening salvos toward a move to remove physical currency from circulation. Speculation abounds as to why this is the case. One of the major reasons is taxes. If every transaction must pass through a network, then it …
Fed Raises Rates For Second Time in a Decade
Twice. That is the number of times the Federal Reserve has raised rates in a decade. Ten years. This is not how a normal economy works. It is also evidence that we are far from having escaped the shadow of the financial crisis of 2008. So what happens over the …
Gold Coins Dropped in Salvation Army Kettles
We thought we’d pass on a “feel good” story for those of us who love silver and gold bullion. Seems like Fargo, N.D. is developing a bit of a Christmas tradition. Dropping gold coins into Salvation Army Kettles has been occurring for a decade. Just last week, three more were …
Could Silver Replace Gold as India’s Preferred Investment?
Could it happen? About 100 years ago, silver was the preferred precious metals investment in India. Because of the government crackdown on the underground economy by restricting its paper currency, the question is a good one. India has long held a quasi-dual currency system. Paper rupees used in daily transactions, …
Price of Gold Nearing 10 Month Low After Italy Vote
Geopolitical uncertainty is supposed to help the price of gold right? Over the long term that is certainly the case. However, short to intermediate term fluctuations have more to do with capital flows and traditional correlations. This is likely the reason why the gold and silver price has performed poorly …
Large 3,000 year old golden ‘belt’ found in the UK
A mysterious 3,000-year-old gold torc, described as one of the largest ever discovered, has been found in the UK. A torc is a stiff ring of metal, made in a single piece or from several strands twisted together. The size of this torc (nearly 50 inches in length) has left open speculation as …
Exchange-traded products continue to drive gold demand in 3Q16
The World Gold Council recently released a report on gold demand for 3Q16. In it they note that there was a sharp increase in gold investment primarily through Exchange Traded Products. While ETPs such as GLD stock mimics the gold spot price, it does not provide you with the true …