Some big investors see warning signs ahead for markets but are holding their positions. Egyptian billionaire Naguib Sawiris is taking action: He’s put half of his $5.7 billion net worth into gold. He said in an interview Monday that he believes gold prices will rally further, reaching $1,800 per … [Read more...] about This Billionaire Has Put Half His Net Worth Into Gold
A Breakout Here Could Produce Another Gold Rush
Gold prices have chopped higher since bottoming in December 2015. The move has not been as exciting as precious metals bulls would like but its followed a trend of higher lows nonetheless. During the same time frame, Gold has tested the $1360 – $1375 price level on multiple occasions – see … [Read more...] about A Breakout Here Could Produce Another Gold Rush
BRICS countries mulling formation of single gold trade system
The regulator plans to take first steps towards formation of a single trade system with the People’s Republic of China in 2018 MOSCOW, November 24. /TASS/. BRICS countries are discussing the possibility of establishing a single gold trade system, First Deputy Chairman of Russia’s Central Bank … [Read more...] about BRICS countries mulling formation of single gold trade system