Thanks to the Mineral WEALTH Substack for this one Author:JOHN RUBINO (CNBC) - Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. I visited a local coin shop last week to see what they had in stock. And the answer was…nothing. They had not a single silver bullion coin. How can a coin shop function without its most[...]
Month: February 2024
Gold at $3,000 and oil at $100 by 2025? Citi analysts don’t rule it out
There’s an off chance that gold prices could soar to $3,000 per ounce, and oil to $100 per barrel within the next 12 to 18 months, according to Citi. Central bank aggressive purchases, stagflation, and a global recession are catalysts that could drive the price of the yellow metal almost 50% higher, Citi analyst said. Gold prices could soar to $3,000 per ounce, and oil to $100 per[...]
Gold Demand Trends Full Year 2023
High gold price reflects strong demand Another year of blistering central bank buying, together with resilient jewellery consumption, offset sizable ETF outflows. Annual gold demand (excluding OTC) of 4,448t was 5% below a very strong 2022. Inclusive of significant OTC and stock flows (398t), total gold demand in 2023 was the highest on record at 4,899t. Central bank buying[...]