Calls for Everyone’s Favorite Standard Are Back; Make America Gold Again

Gold Silver Reports — The gold standard is one of the oldest ideas about money, but the hardest of hard-money hawks sense an opening to breathe new life into it. Decades ago, the amount of cash circulating in a country was often limited by the stash of bullion held in its coffers.

Especially since 2008, developed-world policy has headed in the exact opposite direction, expanding the powers of central banks to stoke growth. Helicopter drops of money, potentially the next new thing, would be a giant leap further.

Read More →

Commodity That No One Knows About But Everybody Wants to Buy

Gold Silver Reports — The world’s mines and steel plants got so devalued during the commodity slump that some were just given away by owners struggling to cut losses or debt. But there’s at least one metal that’s been attracting a lot of attention.

Niobium — named for a Greek goddess who became a symbol of the tragic mourning mother — is used to produce stronger, lighter steel for industrial pipes and aircraft parts. It is mined in only three places on Earth, and the price of every kilogram is seven times higher than copper.  

Read More →

Gold Prices Rise as Dollar

Gold Prices Rise as Dollar

Gold Silver Reports — Gold prices rose on Tuesday, reversing earlier losses after a weaker dollar and falling stock markets spurred safe-haven buying of the precious metal.

Read More →

Oil Hit A Seven-Month High

Oil Hit A Seven-Month High

Gold Silver Reports — Oil hit a seven-month high in New York on speculation that U.S. crude stockpiles declined last week while supply losses in Canada and Nigeria whittled away the global excess.

Read More →

Gold has rallied 20 percent in 2016

Gold has rallied 20 percent in 2016

Gold Silver Reports — Gold has rallied 20 percent in 2016 as investors sought a haven from equity turmoil at the start of the year and the Federal Reserve dialed back expectations for U.S. interest-rate increases.

Read More →

Hottest Metal Boost Bullish Bets

Gold Silver Reports — Hedge funds expanded their bullish bets on silver to an all-time high even as this year’s hottest metals rally began to fade.

Money managers added to their net-long positions in silver for the fourth time in five weeks, chasing the kind of returns that in the first three months of the year sent the precious metal to its biggest quarterly gain since 2012. The price surge is showing signs of fatigue, with futures posting two consecutive weekly declines and a more-than 2 percent drop for May.

Read More →