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After dropping more than $40, gold is making a comeback following another disappointing jobs report out of the U.S.
Here’s a look at Kitco’s top three stories of the week:
3. Bitcoin is a substitute for copper, not gold – Goldman’s top commodity analyst https://www.kitco.com/news/2021-06-02/Bitcoin-is-substitute-for-copper-not-gold-Goldman-s-top-commodity-analyst.html
Cryptocurrencies are risk-on assets, which is why they are more closely aligned to commodities like copper and oil.
2. Russia’s wealth fund to ditch all U.S. dollar assets for gold, euros, and yuan this month https://www.kitco.com/news/2021-06-03/Russia-s-wealth-fund-to-ditch-all-U-S-dollar-assets-for-gold-euros-and-yuan-this-month.html
The decision means selling $40 billion of U.S. dollar assets. The fund holds Russia’s oil revenues with a total value of more than $185 billion.
1. ‘Gold stocks best buy since 1980s’: Gold price to double, but gold stocks could see 10X gains in next 3 years – analyst https://www.kitco.com/news/2021-06-01/-Gold-stocks-best-buy-since-1980s-Gold-price-to-double-but-gold-stocks-could-see-10X-gains-in-next-3-years-analyst.html
The one ratio to monitor is the XAU-gold ratio, Timothy Ord, president and editor of The Ord Oracle, tells Kitco News.
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Junk Silver Prices
Junk silver, pre-1964 silver U.S. coin prices have been growing consistently over the past few years. Why? First, junk silver refers to pre-1964 silver U.S. coins such as dimes, quarters and half dollars which contain 90% real silver.
Invest in Gold With No Money InvestedDo you remember the old saying, “There’s Gold In Them Hills?” The new saying should be, “There’s Gold In Them Houses.”
How To Find Pre-1964 Silver Coins For Face Value!This is a practice that I call coin hunting. A lot of people think that this is crazy, but I have actually accumulated about one half of my collection this way. When I was a kid I used to go along to all of the liquor stores and ask them for any coins.
Gold Investing – Easier Than You ThinkDo you want to invest in gold? Many people think about investing in gold, but eventually decided not to. Why is this? Perhaps it’s because many people don’t know how easy it is to do. Gold investing doesn’t mean you need to rent a truck and start hauling in gold bars into your basement.
Investing in Silver – How To Buy Silver Coins Under SpotHow would you like to buy silver coins at a discount? I’m going to tell you about a certain type of coins that you can purchase under the spot price of silver. Yep. Below cost.
Why Invest in Gold Bullion?Why invest in gold bullion? Learn the reasons why you need to invest in gold in order to secure your savings, fight the consequences of inflation and reckless monetary policy, protect yourself against coming bank collapses and ride the current gold bull market all the way to the top.
Investing in Gold – 21 Unique Facts About the Chinese Panda Gold CoinThe Chinese Panda Gold Coin, which features an adorable image of a Panda bear, has become one of the most popular premium-bullion coins. Here are twenty-one facts about this unique gold bullion coin.
Invest in Gold Coins – Why Invest in Gold Coins?With the dollar plummeting in value, now is the time to own real money. Here are several compelling reasons why you should invest in U.S. Rare Gold Coins or simply precious metals for that matter.
9 Crucial Reasons Why You Should Buy Gold Bullion Coins NowGold is once again being recognized for what it is – real, true, honest money. Although the price of gold bullion has more than tripled in price since 1999, gold is still a worthy investment. Here are nine vital reasons why now is the best time for every investor to buy gold bullion coins.
How to Invest $1 Million in Gold BullionGot $1 million dollars to invest in gold bullion? This article describes a unique, simple way to invest $1 million in gold bullion by purchasing just one gold coin.