Gold Silver Reports — Billionaire George Soros prepared last quarter for gloomy times, dialing back his U.S. stock investments by more than a third, betting against the equities while banking on gold.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
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.
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.
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.
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.
Gold Advanced As Holdings in Exchange-Traded Funds
Gold Silver Reports — Gold advanced as holdings in exchange-traded funds backed by the metal climbed for a 14th straight day, reaching the highest in more than two years.
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.