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Reuters: Gold is now Getting Very Popular Among YOUNG Chinese People

2021-09-01T10:24:51-04:00September 1st, 2021|Uncategorised|

Demand for gold jewellery doubles in first half of 2021 For many affluent young Chinese consumers, modern simplicity is out and tradition is back in when it comes to jewellery. Sales of gold bracelets, pendants, earrings and necklaces that draw on dragons, phoenixes, peonies and other traditional Chinese patterns and symbols are flying among consumers, especially those in their 20s and 30s, helping drive a rebound in gold demand in the country after a pandemic-induced slump. An e-commerce boom and national pride are fuelling the rise in demand for what is known as heritage gold jewellery, which requires intricate craftsmanship and can command premiums of 20% or more over conventional gold jewellery, industry executives say.

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SUPER-STRONG INVESTOR DEMAND: Gold Eagle Sales Already Surpass Full-Year 2020 Sales

2021-09-01T10:16:58-04:00September 1st, 2021|Uncategorised|

With continued strong demand for precious metals, U.S. Mint Gold Eagle Sales already surpassed last year’s total, and there are still four months remaining in the year. That turns out to be a great deal of investor money. At $1,900 per coin, that’s $1.6 billion so far this year. Also, Silver Eagle sales nearly reached four million in August. Most Dealers are still charging between $9-$10 over spot for the brand-new redesigned 2021 Silver Eagles. The U.S. Mint sold an average of 936,000 Silver Eagles per week and 32,400 oz of Gold Eagles per week in August. Thus, the Silver Eagle to Gold Eagle buying ratio has been lower this year at 27/1 due to the strong demand for gold. The U.S. Mint updated its website today, reporting 847,500 oz of Gold Eagle sold this month compared to 844,000 oz sold for Full-year 2020.

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Clive Maund Silver Market Update – Perfect Buy Spot As Breakout Into Major New Upleg Likely Soon…

2021-08-17T19:17:29-04:00August 17th, 2021|Uncategorised|

Silver is now regarded as the best value hard asset around, and it really doesn’t matter in the long-term whether J P Morgan and the other banks try to suppress the price or not, because like gold it has intrinsic value and in the situation of high inflation that we are moving into and that has already started, when most asset prices are surging it is illogical to think that silver won’t do likewise. If they insist on trying to sit on it all that will happen is that the physical market will break completely from the paper market will be increasingly perceived as absurd. We should therefore take advantage of its current relatively very low price to accumulate silver investments across the board.

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CHART OF THE DAY: Something’s Brewing…The economic surprise index for G-10 economies just turned negative for the first time since the 2020 Covid-19 crash.

2021-08-17T08:59:50-04:00August 17th, 2021|Uncategorised|

The Citi economic surprise index for G-10 economies just turned negative for the first time since the Covid-19 crash.A fresh reminder:The Fed's timing [...]

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CHART: How often has the word ‘INFLATION” been said in earnings calls for big publicly traded companies this year?

2021-07-29T09:52:21-04:00July 29th, 2021|Uncategorised|

UP OVER 1,000 % Year over Year.       Publicly traded companies are mentioning #inflation more on their Q2 2021 conference calls [...]

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CHART: There Are More Silver Eagles Held By Investors Than Silver Inventories At The SLV ETF Or The COMEX

2021-07-29T09:43:18-04:00July 29th, 2021|Uncategorised|

Smart silver investors now hold more Silver Eagles than the total inventories at the iShares SLV ETF or the COMEX. For the past 36 years, since 1986, investors have been buying every Silver Eagle issued by the U.S. Mint. With over a half-billion Silver Eagles now held by private investors, less than 1% of the population owns “Official Real Silver Money.” That’s correct; with so few Official Silver Coins held by private investors, what happens when more Americans realize that Treasuries, Bonds, and Dollars they own will become increasingly worthless in the future?? When Americans try to access physical silver, there just won’t be all that much to go around.

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