Gold Silver Reports – Bitcoin and Gold: A Growth Comparison – An inherent tension exists between the two major purposes of money. Currencies that are perceived as great stores of value, such as gold and bitcoin, make for poor mediums of exchange. By contrast, currencies that are effective mediums of exchange, such as fiat currencies used the world over, can make for dubious stores of value. Where a currency falls on the store of value versus medium of exchange spectrum influences its usefulness as a unit of account and a standard of deferred payment.
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Copper Flashes Red as Stockpiles and Spreads Point Bearish
Gold Silver Reports – Copper Flashes Red as Stockpiles and Spreads Point Bearish – Copper is coming off the biggest one-day slump in two years and the mood in the market is souring. Even though prices are still up dramatically this year, here are four reasons traders are cautious for the future.
The Biggest Warehouse Frauds of Recent Times
Gold Silver Reports – The Biggest Warehouse Frauds of Recent Times – Metal Bulletin reviews key dates and events related to the 2014 Qingdao scandal and the nickel warehouse receipts forgery that was uncovered this year.
Don’t Expect Gold to Go Wild Next Year | Neal Bhai
Gold Silver Reports – Don’t Expect Gold to Go Wild Next Year – Even as the Federal Reserve tightens monetary policy and the European Central Bank tapers bond purchases, gold is set to rise marginally as real interest rates stay low and the dollar weakens, according to Bart Melek, global head of commodity strategy at TD Securities Inc. in Toronto. He sees bullion averaging $1,313 an ounce in 2018, about 4 percent more than the mean so far this year.
Gold Prices Rebound on Jewellers’ Buying
Gold Silver Reports – Gold prices recovered by Rs50 to Rs30,250 per 10 grams at the bullion market on Tuesday on mild buying by local jewellers, shrugging off a weak trend overseas. Silver, however, held steady at Rs39,000 per kg in limited deals from industrial units.
Gold Prices Slump Rs150 on Weak Global Cues, Tepid Demand
Gold Silver Reports – Gold prices tumbled by Rs150 to Rs30,250 per 10 gram at the bullion market on Friday, hit by a subdued trend overseas and falling demand from local jewellers. Silver too faced selling pressure and lost Rs125 to Rs39,200 per kg.
Global Gold Prices Firm on Softer Dollar
Gold Silver Reports – Gold prices edged higher on Wednesday as a retreat in the dollar lent support but it remained hemmed within the narrowest monthly range since 2005 as soaring stock markets indicated buoyant appetite for more cyclical assets.