Poland and Australia Buy Gold As Global Property Bubble Bursts – This Week’s Golden Nuggets

//Poland and Australia Buy Gold As Global Property Bubble Bursts – This Week’s Golden Nuggets

Poland and Australia Buy Gold As Global Property Bubble Bursts – This Week’s Golden Nuggets

News, Commentary, Charts and Videos You May Have Missed

Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week.

We released our latest short video update in which we explored whether the global property bubble was beginning to burst?


Positive developments in the gold market included a surge in demand for gold and silver bullion coins ‘Down Under’ with our friends at the Perth Mint of Western Australia (we have been an Approved Dealer since 2005). As the Aussie property bubble continues to burst, risk-averse investors are accumulating physical gold and silver as hedges and insurance.

Poland and Australia Buy Gold As Global Property Bubble Bursts – This Week’s Golden Nuggets cc192e6cd73e7ac31c92e0fc5bc369a1

Another important development was an EU central bank buying gold for the first time since 1998. Poland’s central bank added to its gold reserves in August, buying more than seven tons of gold, which followed its purchase of two tons in July.

The prudent are advocating reducing allocations to overvalued risk assets – especially bonds. We featured an excellent article by Money Week editor John Stepek in which he made the case for owning equities and gold, rather than bonds.

Stepek’s article was prescient as bond markets, especially the US bond market, have seen serious sell-offs and a marked rise in yields yesterday. The serious ramifications of this for stock markets and the wider market is now being digested.

Enjoy and have a nice weekend!

Market Updates and News This Week

Are Global Property Bubbles Starting To Burst? GoldCore Video

Interest Rates Are Spiking Again: Why This Is A Huge Deal

Perth Mint’s Gold and Silver Bullion Coin Sales Soar In September

“I’m Favouring Equities and Gold Over Bonds” – Stepek

Poland Buys Gold For First Time In 20 years

“Gold Is Very Oversold And Due A Bounce” said GoldCore

Silver and Platinum Are Both Very Cheap

 

Charts This Week

Poland and Australia Buy Gold As Global Property Bubble Bursts – This Week’s Golden Nuggets haven boost

Source: Bloomberg

 

Poland and Australia Buy Gold As Global Property Bubble Bursts – This Week’s Golden Nuggets poland big gold purchaseSource: Bloomberg

 

Poland and Australia Buy Gold As Global Property Bubble Bursts – This Week’s Golden Nuggets  1x 1Source: Bloomberg

 

Poland and Australia Buy Gold As Global Property Bubble Bursts – This Week’s Golden Nuggets Italy 10 yearsSource: ZeroHedge

 

Poland and Australia Buy Gold As Global Property Bubble Bursts – This Week’s Golden Nuggets number russell 3000 companies

 

 

 Period Gold (oz) Silver (oz)
(year-month)
2018-September 62,552 1,305,600
2018-August 38,904 520,245
2018-July 29,921 486,821
2018-June 16,847 229,280
2018-May 14,800 557,120

2018-April 15,161 458,655
2018-March 29,883 975,921
2018-Feb 26,473 992,954
2018-Jan 37,174 1,067,361
2017-Dec 27,009 874,437
2017-Nov 23,901 544,436
2017-Oct 44,618 999,425
2017-Sept 46,415 697,849
2017-Aug 23,130 392,091
2017-July 23,675 1,167,963
2017-June 19,259 1,215,071
2017-May 29,679 826,656
2017-April 10,490 468,977
2017-March 22,232 716,283
2017-Feb 25,257 502,353
2017-Jan 72,745 1,230,867
2016-Dec 63,420 430,009
2016-Nov 54,747 984,622
2016-Oct 79,048 1,084,213
2016-Sept 58,811 1,031,858
2016-Aug 14,684 376,461
2016-July 16,870 693,447
2016-June 31,368 1,220,817
2016-May 21,035 974,865
2016-April 47,542 1,161,766
2016-March 47,948 1,756,238
2016-Feb 37,063 1,049,062
2016-Jan 47,759 1,473,408
Perth Mint Gold and Silver Sales (Monthly via Reuters)

 

Videos This Week

 

 

 

Gold Prices (LBMA AM)

04 Oct: USD 1,199.45, GBP 925.02 & EUR 1,043.28 per ounce

03 Oct: USD 1,203.50, GBP 925.73 & EUR 1,040.55 per ounce

02 Oct: USD 1,192.65, GBP 919.77 & EUR 1,035.46 per ounce

01 Oct: USD 1,185.30, GBP 907.94 & EUR 1,021.02 per ounce

28 Sep: USD 1,183.50, GBP 906.44 & EUR 1,020.41 per ounce

27 Sep: USD 1,196.00, GBP 911.59 & EUR 1,020.91 per ounce

Silver Prices (LBMA)

04 Oct: USD 14.63, GBP 11.27 & EUR 12.72 per ounce

03 Oct: USD 14.74, GBP 11.36 & EUR 12.75 per ounce

02 Oct: USD 14.51, GBP 11.20 & EUR 12.59 per ounce

01 Oct: USD 14.55, GBP 11.16 & EUR 12.53 per ounce

28 Sep: USD 14.31, GBP 10.97 & EUR 12.35 per ounce

27 Sep: USD 14.42, GBP 10.98 & EUR 12.31 per ounce

Recent Market Updates

– Brexit To Burst Dublin and London Property Bubbles? GoldCore Video

– Perth Mint’s Gold and Silver Bullion Coin Sales Soar In September

– “I’m Favouring Equities and Gold Over Bonds” – Stepek

– Poland Buys Gold For First Time In 20 years

– This Week’s Golden Nuggets – Central Banks, Goldman, Bank of America Positive On Undervalued Gold

– Central Banks Positivity Towards Gold Will Provide Long Term “Support To Gold Prices”

– Europe Unveils “Special Purpose Vehicle” With Russia and China To Bypass SWIFT, Jeopardizing Dollar’s Reserve Status

– Gold Set to Soar Above $1,300 – Goldman and Bank of America

– Goldnomics Podcast: Silver Guru – David Morgan – Silver and Gold Will Protect in the Coming Currency Collapse

– This Week’s Golden Nuggets – Dalio’s Dollar Crisis, Fitt’s U.S. Government “Missing” $21 Trillion and Silver Guru’s End of Empire

– Dalio Warns Of Dollar Crisis – “History Is Doomed To Repeat Itself”

– Silver Guru Video: “The End of Empire and End of Fiat Currencies”

The post Poland and Australia Buy Gold As Global Property Bubble Bursts – This Week’s Golden Nuggets appeared first on GoldCore Gold Bullion Dealer.

Poland and Australia Buy Gold As Global Property Bubble Bursts – This Week’s Golden Nuggets   ptq

By |2018-10-08T04:27:15+00:00October 8th, 2018|Blog|Comments Off on Poland and Australia Buy Gold As Global Property Bubble Bursts – This Week’s Golden Nuggets

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