Gold Market News

March 4, 2015

Gold prices ease as traders await release of economic reports. Stocks fall as ADP report comes in below expectations. Gold last traded at $1,200 an ounce. Silver at $16.16 an ounce.

This Is What Happens To Gold In A Hyperinflationary Currency Crisis: Ukraine Edition - Zero Hedge--2.25.15
Ukraine's situation is getting worse and today the government announced it will take actions to stabilize the currency. This announcement has Ukrainians rushing for the exits into precious metals is an effort to preserve their wealth.

Dollar Loses Hold Over Gold as Greek Drama Fuels Demand - Bloomberg--2.24.15
In the past few quarters, gold has moved in the opposite direction as the U.S. dollar. This trend is now changing as investors buy bullion as a hedge even while the dollar rises on prospects of higher U.S. interest rates.

Top 10 Nations Hoarding Gold- Wall Street Cheat Sheet--2.17.15
Last year, global gold demand reached an estimated 3,923.7 tonnes as central banks continued to fill their vaults. Some of the nations with the largest gold reserves includes India, Netherlands and Japan.

Marc Faber – Governments To Seize People’s Gold- King World News--2.10.15
Well known investor Marc Faber warned that governments are going to seize people's gold. Faber believes gold is going to have a strong 2015 but believes central banks and governments will take the gold away from ordinary people.

Bill making gold legal tender passes Arizona House committee- AZ Daily Sun--2.4.15
A House committee passed a bill that would make Arizona the third state to recognize gold, silver and platinum as legal tender. Proponents say that this bill reflects a growing distrust of government-backed money.

Chinese herdsman stumbles onto a 17-pound gold nugget - Market Watch--2.6.15
A Chinese farmer stumbled across a 17-pound gold nugget expected to be worth over $250,000. On the same day back in 1869, the world's biggest alluvial gold nugget was found in Moliagul, Victoria, Australia.

Bill making gold legal tender passes Arizona House committee- AZ Daily Sun--2.5.15
A House committee passed a bill Wednesday that would make Arizona the third state to recognize gold, silver and platinum as legal tender. This reflect a growing distrust of government-backed money.

Where Is Germany's Gold? - Bloomberg--2.5.15
Almost half of Germany's gold resides at the Federal Reserve Bank of New York. Now, there is a campaign to bring the gold back to Germany and some believe that there is no more gold left at the Federal Reserve.

7 Reasons Gold Could Hit $3000- Yahoo! Finance--2.2.15
One expert is calling for gold prices as high as $3,000. Some of the reasons for this prediction include the purchase of gold by central bankers, the over extended U.S. dollar, and a growing bond bubble.

Netherlands Increases Gold Holdings for First Time Since ’98 - Bloomberg--1.27.15
The Netherlands have added to their gold reserves for the first time since 1998. The Netherlands have boosted assets to the highest in seven years while Russia bought for a ninth month, according to International Monetary Fund data.

U.S. Mint Silver-Coin Sales Rise From Year Ago on Europe Concern - Bloomberg--1.26.15
The U.S. Mint's sales of American Eagle silver coins rose from a year earlier to a three-month high, as concerns over growth in Europe boosted demand for safe haven assets.

Gold Has Hit a Bottom, Time to Hit the Elevator 'Up' Button - Newsmax--1.22.15
According to Barron's columnist Michael Kahn, gold and the other precious metals have clearly bottomed, but its not too late to get on board with the investment.

Countries Race to Repatriate Gold, Reveals Concern Over Impending Financial Crisis - Value Walk--1.22.15
Germany announced that the country repatriated 85 tons of gold from New York in 2014. Last year, Germany brought home 120 tons last year while the Netherlands removed 122.5 tons of gold.

British Royal Mint Brings Back Gold, Silver Bars After 47-Year Absence - Kitco--1.21.15
After a nearly 50-year hiatus, the Royal Mint announced its intention to offer gold and silver bars bearing the mint's historic refinery brand. The mint will offer an array of bars to the public.

Silver Tops $18, Gold Nears $1300 - Highest in 5 Months- Zero Hedge--1.20.15
Gold hits its highest in five months as it nears $1,300/ounce. It appears investor demand for non-fiat currency is growing while stocks, copper, crude and bond yields plunge.

Swiss pegxit put a $70 rocket under gold prices but just wait for the ECB’s QE next week to send prices to the moon - Arabian Money--1.17.15
The de-pegging of the Swiss franc from the euro last week sent gold prices soaring $70. Gold hit its highest price in September 2011 when SNB pegged the Swiss franc to the euro at 1.20. If the pegging sent gold prices into a correction, then it will not be surprising is it also works in reverse.

Why Is Doug Kass Still Buying Gold Now? Here Are Seven Good Reasons - Real Money--1.16.15
As world economies face growing geopolitical risks, gold has been increasing in value. One expert is bullish in gold because of growing currency debasement, China buying and other global influences.

Gold rallies to a 4-month high; ends at $1,264.80 - CNBC--1.15.15
Gold prices jumped to a 4-month high as European shares and the dollar turned lower after a shock move by the Switzerland bank to abandon its three-year cap on the franc.

Why 2015 will be the year for gold: Top analyst - CNBC--1.15.15
After two straight years of losses, gold is off to its best start since 2008. One expert says gold will continue to benefit from central banks' efforts to devalue their currencies.

Suddenly, gold bugs have reason to smile - Yahoo! Finance--1.13.15
Gold is trading near 12-week highs as global investors flee the volatile overseas equity markets. In the last two months, gold is up nearly 7%. One expert is keeping his eye on Greece's elections. If something substantial were to happen, it could reverse the dollar's rally.

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