In the autumn edition
of Gold Investor, Mohamed El - Erian, chief economist at global insurer Allianz and former CEO of PIMCO assesses the challenges faced by the global investment community and the contribution that gold can make within investment portfolios.
Welcome to the winter edition
of Gold Investor, where leading commentators and market participants discuss new developments for gold and its evolving global role.
Welcome to the autumn edition
of Gold Investor, where leading commentators and market participants discuss new developments for gold and its evolving global role.
In issue 22 I moved on to the «Strange Behavior
of Gold Investors from Monday to Thursday», which was followed by an examination of the associated pattern in silver a week later.
[Sticky post] What gold will do in 2015 is a question that is top of mind
of gold investors, particularly during this period of the year.
In 2017 the price of bitcoin reached parity with gold (by ounce) which grabbed the attention
of gold investors around the world.
Not exact matches
Meanwhile, safe - haven asset
gold, which
investors pile onto in times
of uncertainly, was down about 0.37 %.
With
gold stocks these days so deeply out
of favour, contrarian
investors are getting interested.
BlueDot has $ 10 million in funding from
investors including CerraCap Ventures,
Gold Ventures, and a variety
of entrepreneurs.
Investors often use
gold as a hedge against inflation, but higher interest rates dent the appeal
of gold, which earns nothing and costs money to store and insure.
In the fourth quarter
of 2012, billionaire
investor George Soros dumped half his stake in the SPDR
Gold Trust exchange - traded note.
rnExperts say that soon - to - be retirees, or conservative
investors, should put no more than 5 %
of their portfolio in
gold.
Investors are warming to the concept
of gold mining in the Wheatbelt, with share prices
of three active players moving higher in recent weeks.
Just this May, he gave a presentation entitled «The Endgame» at the annual Sohn Investment Conference in New York City, where he warned
investors of the need to sell their equity investments and remain in cash and
gold.
CNBC's Kelly Evans sits down with billionaire
investor Paul Singer
of Elliott Management to talk about central bank policy, interest rates and
gold.
Experts say that soon - to - be retirees, or conservative
investors, should put no more than 5 %
of their portfolio in
gold.
It was this capacity for holding its purchasing power and moving in the opposite direction
of other asset classes that long made
gold the ultimate safe haven, something
investors going back five centuries to Jakob Fugger the Rich have recommended one hold in one's portfolio.
Prices for
gold bullion and other precious metals have climbed over the past decade to new heights as
investors sought protection against the erosion
of incomes and wealth by inflation.
At this point, Rutten thinks
investors should have at least half
of their
gold allocation — about 5 %
of a portfolio — in
gold stocks and the rest in bullion.
Court documents also show Smith told an
investor of $ 800,000 that the bonds were backed by
gold or silver.
State securities administrators listed four new types
of fraud among their annual list
of investor threats, including crowdfunding scams and
gold - related ripoffs.
(New throughout, updates prices, market activity and comments; adds second byline and NEW YORK dateline) NEW YORK / LONDON, April 10 (Reuters)-
Gold prices rose on Tuesday, hitting their highest in nearly a week as the U.S. dollar weakened and
investors awaited potential U.S. action against suspected use
of chemical weapons in Syria.
In 2017, the total market for such currencies topped $ 100 billion as
investors of all stripes began to embrace them as an alternate asset class akin to
gold.
Over the past decade, patient
investors benefited greatly from one
of the longest economic expansions in U.S. history, using stocks,
gold and even cryptocurrency as vehicles
of profit.
NEW YORK / LONDON, April 10 -
Gold prices rose on Tuesday, hitting their highest in nearly a week as the U.S. dollar weakened and
investors awaited potential U.S. action against suspected use
of chemical weapons in Syria.
Gold miner Resolute Mining has tapped
investors for $ 150 million to fund the restart
of operations at its Ravenswood mine in Queensland.
Perth - based
gold miner Minera Gold has raised $ US1.55 million ($ A2 million) from existing shareholders and a new investor, while also announcing a number of board changes that includes the retirement of both its chairman and chief execut
gold miner Minera
Gold has raised $ US1.55 million ($ A2 million) from existing shareholders and a new investor, while also announcing a number of board changes that includes the retirement of both its chairman and chief execut
Gold has raised $ US1.55 million ($ A2 million) from existing shareholders and a new
investor, while also announcing a number
of board changes that includes the retirement
of both its chairman and chief executive.
Two
of Western Australia's most successful
gold miners are competing to gain control of Tanami Gold's Central Tanami project, indicating the growing investor interest in the gold mining sec
gold miners are competing to gain control
of Tanami
Gold's Central Tanami project, indicating the growing investor interest in the gold mining sec
Gold's Central Tanami project, indicating the growing
investor interest in the
gold mining sec
gold mining sector.
USA - focused
gold explorer Anova Metals has raised $ 9 million from
investors to progress development
of its Big Springs project in Nevada, USA.
Perth - based minerals explorer ABM Resources has announced plans to tap
investors for a $ 14.2 million capital raising to fund development
of the Old Pirate
gold deposit in the Northern Territory.
Scarborough - based West African Resources has tapped
investors for a $ 21 million capital raising to pay off debt and fund ongoing development
of its Tanlouka
gold project.
Southern
Gold has cancelled plans to conduct a capital raising to offshore
investors, while Norwest Energy amended the terms
of its own raising just hours after it was announced to the market.
Over in the markets, the price
of gold is falling in Asian trade, as
investors move away from the safe - haven asset.
I held on to the coin because I hold on to everything, and ended up being perhaps the least prepared
investor in the Great Bitcoin
Gold Rush
of 2017.
Also, cryptocurrency
investors are preparing for another Bitcoin hard fork next week, in which enthusiasts are planning to split off a second version
of the digital currency known as Bitcoin
Gold.
The yield on the 10 - year Treasury fell below 2 % for the first time since May 2013 in early trading in Europe, while
gold rose to a three - week high
of $ 1.213.60 a troy ounce, as
investors once again shunned anything that smelled remotely
of risk.
The threat
of escalation in Syria and the trade dispute between Beijing and Washington have dampened stock market confidence, while
gold has traditionally been a safe asset for
investors in times
of volatility.
Another Wonka - like plan discussed in the
investors meeting includes the Starbucks version
of the «golden ticket:» the 10 karat
gold Starbucks for life cards.
There are dangers lurking in the cryptocurrency market that could burn a lot
of investors, according to Michael Dudas, a veteran
gold analyst.
«We continue to talk to long - term
investors about being patient holders (
of gold).»
Investors are waiting to see more inflationary signals before making big moves in
gold, said George Gero managing director
of RBC Wealth Management.
Gold has fluctuated as
investors rated prospects
of a U.S. - China trade war.
The outcome
of any conflict in the Middle East seems to have standard market reverberations; the price
of oil rises,
investors flock to safe havens such as
gold and the American dollar.
The CPPIB took the lead with seven other institutional
investors and successfully fought the board
of Barrick
Gold Corp. over its decision to award an $ 11.9 - million signing bonus to co-chairman John Thornton.
The dollar remained relatively calm while
investors rushed into the safety
of gold after British voters» decision to leave the EU.
This has been an attractive entry point for
investors seeking the sort
of diversification benefits
gold and
gold stocks have offered.
The following securities mentioned in the commentary were held by one or more accounts managed by U.S. Global
Investors as
of 6/30/2017: Seabridge
Gold.
Investors continued to add
gold to their portfolios to manage risk exposure, with
gold - backed ETFs seeing $ 8.2 billion
of inflows last year.
Frank Holmes
of U.S. Global
Investors points out that the price
of gold bullion has rarely fallen below its 200 - day moving average over the past 10 years — like it has recently.
Most recently, I highlighted some
of the winners to emerge from Brexit, among them
gold investors, U.S. homeowners and British luxury goods makers.