Gold Silver Reports – London Gold Crown Is Slipping – London is losing its Midas touch. New rules from regulators, on top of uncertainties over the U.K.’s future relationship with the European Union, are denting the city’s position as the biggest center for gold trading in the world. The changes threaten to push up costs, a key competitive advantage of London’s over-the-counter market.
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Where Gold Trade Goes If London Loses Its Grip
Gold Silver Reports – Where Gold Trade Goes If London Loses Its Grip – London is facing challenges on multiple fronts to its centuries-old status as the place where the world trades gold. Two U.S.-based exchanges, CME Group Inc. and Intercontinental Exchange Inc., have created new ways of buying and selling precious metals. So has the London Metal Exchange.
Scientists Find $1.8 Million Worth of Gold in Swiss Wastewater
Gold Silver Reports – Scientists Find $1.8 Million Worth of Gold in Swiss Wastewater – Switzerland’s gold refineries may want to consider starting a recycling program.
Is Gold Really a Good Hedge?
Gold Silver Reports – Gold bugs point to a myriad of reasons to own their favorite metal, from fiat currency debasement to gold’s history as a monetary unit. Among the favorites, however, is gold’s utility as protection against a market or political crisis.
Crude Price Analysis for October 12, 2017
Gold Silver Reports – Crude Price Analysis for October 12, 2017 – Crude oil climbed further above USD 51 per barrel, as OPEC Secretary General reiterated that a rapid market rebalancing is underway, citing improved momentum in the global economy and oil-destocking over the summer.
Gold Price Forecast for October 12, 2017
Gold Silver Reports – Gold Price Forecast for October 12, 2017 – Gold prices were nearly unchanged on Wednesday following the Fed’s minutes from the September FOMC meeting. It appears that the December rate hike is fully baked in the cake, but inflation expectations are lower in 2018.
Global Regulators Play Bitcoin Whack-a-Mole as Demand Explodes
Gold Silver Reports – Global Regulators Play Bitcoin Whack-a-Mole as Demand Explodes – Regulators worldwide are finding that it’s incredibly hard to control the explosive growth of money tied to no nation.