OTTAWA’S GOLD & SILVER DEALER
Ottawa Bullion is a locally owned and operated dealer of the finest Gold & Silver Bullion Products. We offer a safe and convenient way for our clients across the Greater Ottawa Area to buy bullion coins, rounds, wafers and bars in person. As an official Royal Canadian Mint Bullion DNA Dealer, we’ve got inventory of the most popular physical Silver & Gold products for purchase. Our mission is to provide local precious metal investors a reliable and discreet method of buying gold and silver in Ottawa. Take immediate possession of your bullion while enjoying the most competitive prices. Book Your Appointment Today!
GOLD & SILVER NEWS
There’s that word = “PAUSE”. Bank Of Canada Hikes 25bps As Expected, Will Hold Rates As It “Assesses Impact”
The Bank of Canada joined the "one and done" bandwagon moments ago when the central bank hiked rates by 25bps - as expected by most strategists - for an eight consecutive, but also perhaps final time, because the central bank says it "expects to hold" rates "while it assesses the impact of the cumulative interest rate increases." The hike brought the benchmark overnight rate to 4.5%, the highest level in 15 years... and where it was back in 2007 when it rapidly plunged to a record low one year later.
US HOUSING CRASH WORSENING: over 2/3 of Homebuyers walked away from their contracts in the quarter.
This is scary. 😬KB Homes, a large home builder, just reported a 68% CANCEL RATE. Meaning that over 2/3 of Homebuyers walked away from their contracts in the quarter. Leaving KB Homes with a massive pile-up of inventory. Last year the Cancel Rate was only 13%. pic.twitter.com/4O9OaWO8K0— Nick Gerli (@nickgerli1) [...]
Richter: Canadian Housing Update for January = Prices Plunged, Housing Bust Gets Real
Home prices in Canada dropped 1.2% in December from November, the ninth month-to-month decline in a row, and are now down 17.4% from the peak in March 2022, and down by 7.5% from a year ago, according to the Canada MLS Home Price Index by the Canadian Real Estate Association (CREA). Sales plunged by 39% year-over-year. In the two years from the beginning of the Bank of Canada’s money-printing binge in March 2020 to the beginning of the rate-hike cycle in March 2022, the composite benchmark price had spiked by 54%. This spectacular housing bubble, on top of an existing housing bubble, was entirely fabricated by central bank money-printing and interest rate repression. This was a global phenomenon, triggering massive global inflation. So now comes the invoice for the drunken money-printing party.
Petro-Dollar Withering: Saudi Arabia Open to Talks on Trade in Currencies Besides US Dollar – Finance Minister
(Bloomberg) -- Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister. “There are no issues with discussing how we settle our trade arrangements, whether it is in the US dollar, whether it is the euro, whether it is the Saudi riyal,” Mohammed Al-Jadaan told Bloomberg TV on Tuesday in an interview in Davos. “I don’t think we are waving away or ruling out any discussion that will help improve the trade around the world,” Al-Jadaan said.