Gold & Silver

This chart from Morgan Stanley using World Gold Council data shows which countries, central banks and funds are hoarding the greatest amount of gold:

What Mr. Armstrong writes in his articles is done so poorly it is almost always confusing and often virtually incomprehensible but it has a way of providing cover for what he says. A case in point is the inference in an article last week that gold had bottomed, would begin to rise substantially sometime after Oct. 1st and eventually reach $5,000+ sometime during 2016. His latest article disclaims those inferences. Here's what he now says by way of clarification:

Much has been written over the past few months as to just where gold (and silver) is headed. In light of the recent significant drop in price below is substantiation for such a decline and several projections as to where the price correction will bottom out and the timeframe for such price action.

This article takes a look back at the history of gold’s performance as an investment over the years.

Gold is universally recognized as a safe-haven investment, a go-to asset class when others look uncertain but this week has been a particularly rocky one for the metal, even with Greece and Puerto Rico’s debt dilemmas, not to mention the recent Shanghai stock market decline. In fact, gold has traded down for 10 straight sessions to end the week at its lowest point in more than 5 years.

Several signs have been flashing for the past year that gold has become too big for its britches and will eventually adjust to a lower price which could push the yellow metal off the edge of a cliff to - dare I say - not just below $1100 or $1000 per troy ounce, but to $880ozt.

In today's infographic, which is Part 3 of the series, (see Part 1 HERE which showed silver's rich history) & Part 2 HERE which illustrated the supply and geological fundamentals) we cover the demand and uses for the world's most versatile metal. Learn how much silver is used for industrial purposes, investment, jewelry, and what trends could shape the future.

To answer the question “what drives the prices of gold” we have to determine the nature of gold. Is it a commodity, a currency, neither or both? This article does just that. Read on.

There is a plethora of information available in all sorts of media that is negative about gold - gold is risky, volatile, a barbarous relic, and so on - but these arguments miss the point entirely, because they treat gold as an investment. To fully understand gold's role in an investment portfolio, we need a new mindset—a gold mindset - [and HERE it is].

Central banks clearly want inflation and fear deflation and will, therefore, find a way to create the inflation they want resulting in gold prices somewhere between $3,000 and $4,500 by 2025.