The Smartest Way to Invest in Gold: Understanding the Tax Impact
Most investors don’t realize that gold investments face a unique tax challenge. While stocks and bonds may enjoy favorable tax treatment under certain circumstances, physical gold and silver fall into a special “collectibles” category with the IRS – one that can significantly reduce your returns. The Tax Challenge with Gold…
Brazil Scraps BRICS Currency Plan, Seeks Dollar Alternatives
Brazil has confirmed it won’t pursue a common BRICS currency during its 2024 presidency, despite previous discussions. Instead, the country is focusing on practical solutions to facilitate trade between BRICS nations using local currencies, while facing strong opposition from the U.S., including threats of 100% tariffs from President Trump. The…
As Gold Hits $2,900, Silver Emerges as Smart Alternative
As gold reaches a record $2,900 per ounce, defying traditional market logic about interest rates and dollar strength, silver is emerging as an attractive alternative investment. Unlike gold, which sees only 6% industrial demand, over half of silver consumption comes from industrial applications, particularly in growing sectors like renewable energy,…
Hong Kong’s Gold Rush: Locals Cash In as Prices Hit Record High
Hong Kong’s jewelry shops are experiencing a surge in activity as gold prices hit new record highs this week. While many residents rush to sell their gold for substantial profits – up to 63% for those who bought in October 2023 – others, particularly mainland Chinese couples planning weddings, are…
Gold-Silver Ratio: Silver Breakout Incoming?
Gold-Silver Ratio: Silver Breakout Incoming? Via SchiffGold.com, Gold has reached new all-time highs, and the gold-to-silver ratio now exceeds 90:1. Such a high ratio has often signaled an impending breakout for silver prices. It indicates that silver could be undervalued, and we may be on the verge of a major price surge. Sometimes, if you miss […]
Gold Outshines S&P 500, Up 46% in 12-Month Rally
Gold’s impressive 46% rally over the past year has nearly doubled the S&P 500’s returns, vindicating long-term precious metals investors.
Treasury Eyes Currency Manipulation in Trade Showdown
Treasury Secretary Scott Bessent has announced that the US is expanding its trade policy focus to include currency manipulation alongside tariffs. The announcement comes as the administration develops plans for reciprocal tariffs by April 1st, with Bessent emphasizing that while the US maintains a strong dollar policy, it won’t accept…
Silver Surges Past $33 as Trump’s Trade Policy Sparks Market Anxiety
Precious metals are rallying strongly as investors seek safe havens amid growing trade tensions. Silver has surged to its highest level since October, climbing 3.1% to over $33 per ounce, while gold continues its longest winning streak since August 2020 with seven straight weeks of gains. The surge follows President…
Gold Nears $3,000 Mark in Historic Seven-Week Rally
Gold continued its impressive rally, marking its seventh consecutive weekly gain amid escalating trade war concerns. The precious metal rose 0.3% to $2,936.99 per ounce, bringing its weekly advance to 2.6%. President Trump’s recent call for reciprocal tariffs and ongoing economic uncertainty have strengthened gold’s appeal as a safe-haven asset,…
LBMA Chief and Market Experts Address Gold Supply Concerns
A panel of prominent gold market authorities, led by LBMA Chief Executive Ruth Crowell and featuring industry experts Adrian Ash, Jim Steele, David Gono, and Jeremy East, convened to examine the complex relationship between London and New York gold markets. The discussion focused on addressing crucial questions about market operations…