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Does current gold price make sense? McKinsey warns these sectors destroyed permanently As gold prices breached new all-time highs, confidence in the yellow metal signals to investors a desire to break away from the U.S. dollar, said Ken Hoffman, senior expert at McKinsey. “The world is trying to get away from the dollar. You’ve seen a number of Chinese sources talk about the ‘de-dollarization’ and as the world tries to look for another currency besides the U.S. dollar, gold makes…

Gold price path to $2,000 – 'There is no quick solution to U.S.-China tensions' — analysts Gold is on a mission: to reach its all-time high of $1,920. And aside from looking like a very probable outcome for next week, analysts say that there is little to stop the precious metal from rising further and getting close to $2,000 an ounce. Rising tensions between the U.S. and China, weaker U.S. dollar, falling yields, additional fiscal stimulus and still climbing COVID-19 cases…

Will King Dollar Be Overthrown? The Fed is counterfeiting trillions of dollars. The government has created mass unemployment and is spending way beyond what it takes from us in taxes. While the livelihoods of the American citizens are destroyed, government refuses to shrink. More promises that can't be kept are being made. Gold is starting its engines and heading to record highs. Are the ideas of omnipotent government and central planning finally on their way out?   David

Gold stages the highest weekly closing price on record at $1899.80 an ounce History was made today when gold pricing closed near the highest daily level since August 22, 2011. In fact, as of 5:50 PM EDT gold futures basis the most active August contract is currently settling at approximately $1900.30. On a weekly chart gold closed at a new record price for the highest weekly close. Considering that this massive rally began in the middle of March in response…

Gold prices have risen more then 4% so far this week in global markets, their biggest weekly percentage gain in over three months. After US ordered China to close its its Houston consulate this week, Beijing said the move had "severely harmed" relations and warned it "must" retaliate. Also, the number of Americans filing for unemployment benefits unexpectedly rose last week for the first time in nearly four months, data showed on Thursday. Gold is viewed as a safe-haven during…

Gold and silver continue to move higher, faster, than forecasted by analysts It was another day in which the precious metals ran strongly to higher pricing. Initially both gold and silver spiked strongly in mid-March when the coronavirus epidemic grew into a global pandemic. Gold gained almost $300 as it traded from $1450 to $1788. Gold futures basis the most active August contract closed up $23.70 (+1.28%) and is currently fixed at $1867.50. Silver gained 7.92%, which is a gain…

Gold prices gearing up to take all-time highs, silver could reach $30 — Citi Bullish sentiment in the precious metals space will take gold prices to their all-time highs, according to Citigroup Inc., which views the upward move up as “only a matter of time.” “Nominal gold prices have already posted fresh records in every other G-10 and major emerging market currency this year,” Citigroup analysts said in a report. “It is only a matter of time for fresh [highs…

Silver Versus Gold – A Sign of the Times QUESTION: Mr. Armstrong; I listened to one of your recent interviews and you said that silver may be better than gold going forward and that a gold standard was pointless because you cannot fix the price of gold while everything else floats. That was the best explanation I have ever heard. So my question is are you referring to common silver coins dated before 1965? ANSWER: The silver to gold ratio…