Gold Breaks More Records
On Monday this week, gold surged to over AUD $2300 and peaked around $2320/oz. This comes in response to continued pressure from the US – China trade war and its effect on the dropping Aussie dollar. It was a similar story for gold in USD, find out more in the analysis below:
Silver Hits 2 Year Highs in USD
This week wasn’t just a strong week for gold, but it was even stronger for silver. Silver reached two year highs this week, soaring past USD$18. As a result, this month’s silver performance has outrun gold and is up 10% vs gold’s 8.1%. Will silver be reaching $21 soon? Graddhy thinks so:
Off the back of silver’s surge to USD $18, Peter Schiff says to get ready for USD$50 silver once it breaks $20. Silver’s recent surge has also resulted in the gold/silver ratio breaking lower, indicating silver may outperform gold:
Gold Performance In Different Currencies
This chart provides an interesting look at gold performance in different currencies across the last 15 years. Some great stats!
The Biggest Gold Bull Market Of All Time Is Starting Now
In a world where central banks and governments are drowning in debts that can never be paid, Frank Giustra recommends investors should invest in gold until everything settles.
In this video Giustra discusses:
- Central banks and the outlook for gold
- Federal Reserve pressure to cute rates
- The continued currency wars
- The coming of a recession and major correction
Ron Paul’s Modern Gold Bullion Price Prediction
Is there a limit to the government’s manipulation of gold? Ron Paul thinks there is and predicts a USD$3000 gold price by the end of 2020.
The United States has become the poster child for why governments and central banks should never, EVER, be granted a monopoly on creating money.
