April 13th, 2014
by Greg Canavan, Daily Reckoning
In 1914 gold was money.
Money wasn't debt or credit back then. It was simply gold, and banks created credit on top of their gold reserve base. They couldn't go crazy in the credit creation process, because there was only so much gold in the world and its supply grew at around 2%.
April 5th, 2014
by Frank Holmes, Daily Reckoning
Gold seems to be sparking more attention these days, as investors have seen the precious metal steadily rise from its December low of around $1,200, to a new high of $1,350 just three months later.
What's driving gold?
The media has been focusing on the conflict in Ukraine and Russia as the main driver for gold, but I think an equally important driver relates to real interest rates...
April 2nd, 2014
by Poly, Zentrader
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Written by David Parkman
As import regulations dissuade the purchasing gold bullions and finished gold products in India, China takes the lead in gold purchases. Topping out at 1,176.40 tons last year (2013) the demand for both jewelry and bullions has made China the biggest importer and exporter of gold in the world.
March 26th, 2014
by Byron King, Daily Reckoning
In the past two months, strikes in South Africa have crippled the top three platinum players, and knocked 40% off of expected global PGM (platinum group metals) output. Thus, forward-thinking investors - and potential project partners - are looking for new PGM deposits far from current turmoil.
Meanwhile, due to the South Africa strikes, short term - meaning "now" - PGM stockpiles are quickly declining. By the end of March (yes, this month), absolute shortages will kick in across numerous industries. Prices will begin to climb, affecting supply chains across the world. Platinum is shining, in a manner of speaking...