Gold-buying app sees 718% spike in volume as coronavirus volatility drives investors to havens
‘Sales are going through the roof,’ says CEO of gold app Glint CEO Jason Cozens is the founder of Glint Pay Services. Supplied by the Glint Gold-buying apps, which allow customers to buy and use the precious metal for everyday spending, are seeing record...
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Coronavirus hyperinflation risk looms, buy gold: Peter Schiff
The extreme measures taken by the U.S. government and the Federal Reserve to combat the COVID-19 pandemic could push the U.S. into an episode of hyperinflation and boost gold, according to Peter Schiff. The White House and the Senate reached a $2 trillion deal early...
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Goldman Sachs says it is time to buy gold — the ‘currency of last resort’
The current coronavirus-induced economic and financial market turmoil is seemingly the perfect environment for gold. “We have long argued that gold is the currency of last resort, acting as a hedge against currency debasement when policy makers act to accommodate...
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The #1 Account All Wealthy People Have (That You Probably Don’t)
Can you imagine your little old traditional or Roth IRA is worth millions of dollars? It happens for some people. According to the US Government Accountability Office (GAO), 791 individuals have IRA balances between $10 million and $25 million, while 314 are worth...
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Gold Surges Due To Troubled Fed Repo And U.S. Treasury Market
Gold continues to move higher due to trouble in the Fed repo and U.S. Treasury market. In the first hour of business today, the Fed has already injected $57 billion in the repo market. While the Fed’s repo market injections didn’t spike during the last few...
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Repo Panic Returns As Fed Injects $99BN In Liquidity, Including First Oversubscribed Term Repo In Three Weeks
And just like that, the repo market is on the fritz once again. More than two weeks after the last oversubscribed term repo operation on December 16, moments ago the Fed announced that Dealers are once again scrambling for liquidity, submitting $41.12BN in securities...
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The Dollar’s Losses May Just Be Getting Started
(Bloomberg) — The dollar had an awful December and things may only get worse. The currency is set to extend losses as a truce in the U.S.-China trade war and signs that global growth is improving sap demand for haven assets, according to ABN Amro Bank NV. At the...
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Bankers Are Playing With Fire, Once Again
(Bloomberg Opinion) — As 2019 draws to a close, there’s more than a whiff of banking deregulation in the air. The U.S. has relaxed its lender stress tests and made it easier again for Wall Street to trade using its own funds. In Europe, capital requirements are...
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Gold ends at a nearly 1-month high as Trump suggests China trade deal could wait till after 2020 election
Trump’s willingness to open new fronts in trade war unnerves markets Gold futures marked their highest finish in nearly a month on Tuesday, finding haven-related buying interest after President Donald Trump said it might be preferable to hold off on completing a...
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Gold settles higher as economy and U.S.-China trade stay in focus
Fed’s Powell remains optimistic on U.S. economy Gold futures rebounded modestly on Tuesday, as investors kept a close eye on consumer confidence and on U.S.-China trade talks. Gold for December delivery GCZ19, +0.15% on Comex gained $3.40, or 0.2%, to settle at...
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