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Earlier today data on US benefit payments was released and whilst it was weaker than previously, gold did not appear to really respond. Gold appears to have settled itself into a new holding pattern at these elevated levels, so disinterested it appears to be in economic releases. However, we will see what happens tomorrow when Non-Farm Payrolls data is released. Earlier today I interviewed Marc Faber, editor of the Gloom, Boom & Doom report. Who tells us that there is nowhere to turn for Western governments; whether they print or not it will be 'disastrous'! We also discussed the upcoming BRICS meeting (will there be a currency announcement?) and how we can start to protect ourselves from what lies ahead. Each day we wake up to news of further escalations in both the Middle East and Russia/Ukraine. Gold has responded somewhat to the ongoing geopolitical events but the effect of geopolitical uncertainty on gold prices isn't always clear-cut. Rather than view it as the only reason to buy gold, we see it as one of many reasons for investors to include gold in their portfolios. We buy gold for diversification and as a hedge against such uncertainties, which are wide ranging and don't happen one at a time. Ultimately it's the macro-factors that will drive the gold price. Whilst it's understandable to wonder if you should affect your gold-holdings based on headlines, instead look at the macro-backdrop, which is very supportive of gold (and further increases). It ultimately remains an underbought asset, institutional buying remains strong, and (Western) central banks are in easing mode, not forgetting the perfect storm being laid by fiscal and recessionary risks. And what of silver? It had a stellar month, in September. Climbing 9.9%. The market continues to be in deficit, and it has strong potential to outperform gold, especially in an era of Fed paring back rates. We think the next few months will be incredibly compelling. Right now the industrial precious metal looks very cheap (when compared to gold) considering that silver is strongly supported by industrial and green-metal demand. With all that I will leave you with my conversation with Marc Faber and his thoughts on what we can expect from the next few months.

What a week. At the time of writing gold is around $2,670 having pulled back slightly better than expected US consumer data. This morning December gold futures hit $2,708. And to think that just three weeks ago Goldman Sachs were saying we might see $2,700 gold next year. Silver continues to delight, reaching the highest price level in over a decade. Why now? Why are both gold and silver seemingly unstoppable? The most recent boost (this morning) is likely down to China who announced another 1 trillion CNY of extra stimulus on top of the package of measures already proposed by the People’s Bank of China, PBoC. But of course, this is just one domino in a chain that has been tipping for some time. The effect of the latest rally in terms of sentiment towards gold has been twofold - the first is that more people than ever are aware that gold investment is an option for anyone, the second is that those same people are wondering if they have 'missed the boat'. This is something we cover in today's video. Of course we could give you the usual chatter as to why gold is a great long-term investment (inflation hedge, safe haven, central bank purchases etc) but instead we look at the reasons why right now is a good time to buy. The biggest one being that $3,000 gold looks to be closer than ever before.

It has felt like we have been talking about the Federal Reserve rate cut for months and months. Finally we have something to say about it: The Fed decided to cut rates, and they cut rates by 50 basis points. Gold responded in true form and touched another record high. At the time of writing gold is down slightly on the back of positive jobs data in the US, but overall the picture looks very good indeed. Of course the rate cut was no surprise to anyone. Powell was about as explicit as one could be in his Jackson Hole speech. However, how much rates would be cut was a real debate. A half percent cut was not expected by the majority of bank analysts, but it was predicted by the majority of those who responded on our Twitter poll! In today's video we ask if the 50bps move was a confidence move or a crisis move. We're leaning towards crisis. We also touch upon what this will mean for the price of gold and silver in the coming months. Spoiler alert - new highs and maybe even silver over $50 by February. It's not just the Fed who have been working out monetary policy this week. The Bank of England's Monetary Policy Committee also had a big decision to make. They decided to hold rates at 5% this month, following steady inflation data. It seems a little blinkered to point at central bank decisions and ask how they will affect the value of our portfolios, when it’s not exactly an exaggeration to say the world is in a state of war right now. It is bigger, longer lasting actions that will end up affecting portfolios, more than single rate decisions. As a result, these global circumstances are causing significant concern for investors, who are eager to preserve their wealth despite the increasing challenges. This has led many to wonder whether gold might offer some protection in these uncertain times. If you are new to gold, or a long-term investor please feel free to contact us for a free strategy call to discuss your portfolio and how to protect it against future uncertainties and developments.

Earlier on today the European Central Bank announced a 25 basis point cut as they press on with their plans to bring interest rates down. This move surprised absolutely no one. In response gold has been testing new highs against the euro. At the time of writing it looks like it could push through April's all-time high. Elsewhere, gold has been testing daily highs against the dollar on the back of the release of the U.S. producer price index report, which was not especially interesting. Gold did take a bit of a tumble yesterday. This was on account of the August Consumer Price Index release. CPI, came in largely as expected, but not core prices, which had climbed 0.3% over July. This was an increase above the 0.2% that economists had forecast. This news resulted in a drop in expectations of a 50 basis point cut by the FOMC next week, thus causing gold to suffer slightly. This week some of the team were in Cork, at the 50 Plus Show. It was great to meet so many clients and readers there. We had some very interesting conversations and plenty of questions regarding how to invest in bullion, through to our expectations on gold and silver performance in the coming months. There were plenty of event attendees who had never thought of investing in bullion, before they saw our stand in Cork. As a result we realised there were lots of questions that were so useful we should make a video about them. So that's exactly we have done. If you've ever wondered about regulation in the bullion market, how you know who to trust and if you've missed the boat on gold, then have a watch of our latest video. It's a good one to share with friends who are just starting to think about buying gold and silver.

At the time of writing gold is rallying to session highs, sitting above $2,520. This week is all about US employment data releases, and all the information and inference they bring. Tomorrow is the big one: Non-Farm Payrolls data. Non-Farm Payrolls data is always closely watched but there is a particular focus on this week’s as it will give a clear picture of how big a rate cut the FOMC will commit to, at their September meeting in a fortnight’s time. For those wondering why Non-Farms’ Payroll carries so much weight, particularly this month, then take a look at our explainer recorded earlier on today. It’s particularly useful if you’re wondering how and why it matters to the gold price. David Hunter Predictions Our interview with David Hunter continues to grab the attention of many viewers, over 30,000 have watched so far. By way of reminder David has made several punchy (and unpopular) calls over the years, the most recent being $3,000 gold. Tune in here.

Nearly 30,000 of you have enjoyed our interview with David Hunter, recorded just last Thursday. His 'conservative' prediction that gold will reach $3,000 by the end of 2024 seems increasingly likely as the yellow metal continues to hold above $2,500. (If you missed it you can catch up here.) Last week's speech by Federal Reserve Chairman Jerome Powell was a watershed moment, in which he promised rate cuts and confirmed the FOMC would be getting in line and joining the quantitative tightening movement. In response to the speech gold surged 1% and the US dollar extended losses. Now the question is how big a rate cut we will see in September. If US data continues to be soft then we can expect a bigger rate cut, and likely a strong reaction from gold. Interestingly, despite the hype around gold, silver was the best performing asset for last week, up 3.5%. According to Bloomberg, India has nearly doubled its silver imports to meet solar demand. Renewable energy is an area we have repeatedly pointed to when discussing the silver price dynamic. Green energy solutions such as solar panels are and will continue to be a major source of silver demand. Of course silver supply is already in deficit, so it will be interesting to see if this is the start of an exciting period for the silver price. Speaking of shortages, a Bank of America report has some interesting stats on gold supply. It explains that over the past few decades, the number of new gold deposit discoveries has significantly decreased. During the 1990s, an average of 18 gold discoveries were made each year. However, this figure dropped to 12 per year in the 2000s and plummeted to just four annually in the 2010s. From 2020 to 2023, despite increased spending on exploration, only five major discoveries have been recorded. Of course, we write this on the final Thursday of August. Next time we write will be in September. It feels like all summer the markets have been looking towards the month of September, with analysts writing and adding their prophesies about what will come on the back of whatever the FOMC decides. Now seems as good a time as any to remind readers that the gold price is not just based on a single monetary policy decision. It comes because of layers and layers of decisions and events that create a picture that drives people and institutions to want to own gold. Currently the price of gold is five times the inflation-adjusted price the UK started to sell some of its gold reserves in 1999, this price didn't just happen because of interest rate announcements. It came because the likes of the FOMC or Bank of England, and governments have done appallingly at managing the very things they are supposed to be experts in. Before we go, the David Hunter video was so successful that we have taken five of his forecasts and condensed them down. This video is a great bitesize summary of some of the contrarians expectations in the coming months, for the likes of the S&P500 and of course, precious metals prices. Watch it here.

We write to you as we approach the end of another record-breaking week. This was the week, of course, when gold proved its mettle and broke through the $2,500 ceiling. The ceiling is both technical and psychological. Why did the price push through $2,500? According to both the LBMA and the World Gold Council it is largely down to Western buyers returning to the market. Elsewhere analysts are suggesting that central bank purchases are really driving the price. Even though the price has since consolidated somewhat, it hasn't done anything unexpected. Light profit taking was to be expected. This is also the week when the biggest meeting of central bankers is taking place, at Jackson Hole. The annual meet-up, known as the Wyoming Federal Reserve symposium begins later today. It's not uncommon for attendees to make market moving announcements at the meeting. Whilst the Fed minutes released earlier this week were pretty ordinary, Chairman Powell will give a speech tomorrow that may give further insight into the Fed's plans. Having said all this, it's unlikely anything will be announced either by central bankers or in economic data releases, that will significantly change the course of things to come. The last two decades have been unprecedented to say the least, now as we feel the brunt of the damage caused we are moving into another era of unknowns - an era of global quantitative tightening. What comes next? Well, this was very much the focus of my conversation with David Hunter whom I spoke to earlier today. David describes himself as a contrarian investor and he makes some big calls when it comes to how the market will play out in the coming months and years. He makes a conservative (his words) call on the gold price, predicting it to hit $3,000 by the end of the year, silver he sees at $75. Beyond that? Tune into the interview here, to see what he thinks we can expect. Precious metal expectations was just a small part of our conversation, if you're interested to hear his thoughts on the stock market, commodities and central bank moves then this interview is one for you. So may I suggest you grab a coffee and settle down for half an hour while David Hunter prepares you for what lies ahead.

It’s been a busy week of data releases, particularly from the US. July’s US inflation figures were highly anticipated; the data gave a boost to expectations that the Federal Reserve will cut rates in September. Earlier today we also saw the release of better-than-expected jobs data after the number of Americans filing new claims for unemployment benefits last week was lower than forecasted. At the time of writing both gold and silver are trading flat, as a result. Elsewhere, additional data firmed up our viewpoint that the troubling times are ahead: The Eurozone released its growth figures for Q2 and whilst there was little to report for the area overall, Germany has firmed up its position as the “sick man of Europe”. It posted a surprise contraction in Q2 due to a halt in equipment and buildings investments, as the industrial sector continues to weaken under pressure from rising interest rates. Data released by Statista also showed that last year just over 21 percent of the Eurozone population were at risk of poverty or social exclusion. More alarming than any data release was the declaration from The World Health Organisation that the ‘mpox’ outbreak is now a health emergency of international concern. The growing pandemic will serve as a test to global solidarity following the ongoing fallout from the Covid pandemic. Of course, right now the term 'global solidarity’ is not one anyone would choose to describe the state of international relations. To misquote a Chinese curse, "We live in interesting times." Of course, the implication here is that we are heading into worrying times. With this in mind this week we bring you something a little different, a thread posted on the platform formerly known as Twitter. The thread comes courtesy of our friend Ronnie Stoerferle, founder of Incrementum. The thread titled, “The Optimal Gold Allocation: A Deep Dive into Recent Research” seeks to answer the question so many of us ask, “How much gold, is the right amount of gold?” and “Is it possible to have too much gold?” How much gold and silver you own is, of course, a personal preference, but its good to be guided by the wealth of research and data out there. Much of it shows that you don’t need all that much gold in your portfolio in order to benefit from its unique properties. Click here to find out how much gold, is enough gold. And let us know if you agree. Today we bring some compilation from interviews with legendary investor Jim Rogers and Silver Guru David Morgan explores the potential impact of the upcoming US election on gold and silver prices. Both experts discuss how elections can trigger market changes, driven largely by uncertainty. Jim Rogers warns of an impending bear market due to high debt levels, while David Morgan stresses that while elections influence markets, gold’s value as a global safe-haven asset depends on broader economic trends. Despite the election’s significance, the enduring appeal of gold lies in its response to global risks beyond just political outcomes in the US.

Last week Biden was asked “What do you want your legacy for Gen Z to be” His reply? “I cured the economy” Less than a week later trading screens around the world were blinking red, with numbers heading one way…south. Equities, bonds and currencies were hit, with only a few assets left untouched. It’s estimated $6.4 trillion dollars has been wiped from global wealth. Is this the Great Unwind finally upon us? And is gold still the asset to protect you from the upheaval ahead? That's what we look at in this week's video. There is a huge amount to say about the stock market rout, why it happened and will it happen again. This is just a brief look at what started this week and why it's just a small snap shot of things to come. At the time of writing gold is nearing session highs, partly on account of better-than-expected weekly US jobs data but additionally a weaker U.S. dollar index , coupled with the volatile U.S. stock market has also boosted buying interest in both gold and silver. If you missed our conversation with Jim Rogers last week then take a look here. As many of you will be aware he has long been predicting the worst crash of his lifetime, we wonder what he would have to say about events this week. As ever, let us know your thoughts either by email or in the comments below our videos.

We write to you at the end of another eventful week. The gold price has had a notable one marked by economic data, policy decisions and geopolitical events. We have seen some safe haven buying following the assassination of a Hamas leader in Tehran which has increased the risk of major uptick in military action in the Middle East, possibly including a direct confrontation between Israel and Iran. The Bank of England’s MPC have just released their interest rate decision with a 0.25% cut, bring the key rate to 5%. Markets were waiting to see if the BOE would pull the trigger which would be the first rate cut since 2020. There was some uncertainty whether a rate cut would come as inflation has remained stubbornly high but it appears these pressures are finally starting to ease. Elsewhere, the FOMC surprised exactly no one by maintaining rates, yesterday. The Committee would like to see more progress of annual US inflation heading back towards 2%. Earlier in the day the Bank of Japan raised its main interest rate to 0.25% from zero. It also said it would reduce its government bond buying by half, prompting the Yen to rally against the dollar. Will the US election result impact the price of gold? That’s what Jan Skoyles is asking this week. Interestingly research from the World Gold Council finds that historically there has been very little volatility in the gold price, in the period surrounding the US election. But what of the longer-term impact, and does it matter which party has control of Congress. We cover it all. In case you missed our interview with the legendary investor Jim Rogers, then you can catch up here. It’s always interesting speaking with Jim. For someone who has been investing for over half a century his perspective is one that is a fine balance of experience and fresh observation. His concerns about the US economy and global financial system certainly seem to grow between each of our conversations, so it’s interesting to hear how his portfolio allocations change. Needless to say he holds precious metals – but there is a real focus on silver right now.

It was another interesting start to the week this week, with the announcement from President Biden that he would no longer run for another term. We believe that this has significantly changed the dynamics of the US election, and judging by the markets' reaction, we're not the only ones who think so. The Presidential race is now likely to be a close one and we will be watching the next few months with interest. If you're wondering what the implications of the US election on the gold price might be, wonder no longer. A report released by the World Gold Council concluded that the outcome of the election will not have a direct impact, instead we need to look at the bigger picture, Speaking of global market dynamics, who better to ask than Jim Rogers himself. Jim joined me earlier today to discuss the US economy and why he's buying silver right now. We also discussed the drive by countries such as China to stock up on gold, and what that tells us about the state of things to come.

Gold hit a new all-time high against the dollar this week, buoyed on by speculation surrounding Fed rates and the increasing likelihood of a Trump win. Let’s be honest, it was always going to be an interesting week given it began with the attempted assassination of a presidential candidate. Interestingly gold was down in overnight trading in the aftermath of the shooting but then in a delayed, yet bullish, reaction to the news gold rallied somewhat on Monday due to the raised political uncertainty and resulting safe haven demand. Amongst all this gold-hype silver remains above $30. Earlier this week we released another interesting conversation with the Silver Guru himself, David Morgan, this time with a focus on the silver miners. If you’re all caught up on that then take a look at our overview of silver demand and what's to come for the silver price in this compilation of some of our best silver ‘chat’ in recent months. What is driving gold? Is it just Fed rates and presidential results, driving the gold price? Short-term, quite possibly. Long-term no. As strategists explained in a J.P. Morgan report this week, there is far more depth to this structural bull market in gold. Gold at new all-time highs may be a big red warning flag elsewhere. In times gone by gold hitting major milestones has often preceded worrisome economic events such as inflation surges and economic downturns. Elsewhere…Today the ECB has decided to leave interest rates unchanged, this came as a surprise to absolutely no one and gold is holding near all-time highs against the euro. In other Eurozone news President Ursula Von Der Leyen has been re-elected for a second-term as president of the European Commission, again a move which is likely designed to keep the waters calm.

Today we bring you Part Two of our interview with The Silver Guru, David Morgan. In the second-half of our conversation we discuss the performance of silver miners. Now, demand for silver is climbing. And there is a supply shortage. But with narrow margins, times are tough for silver mining companies, even with silver at $30. I ask David his thoughts on holding silver miners, and if he expects the landscape to change for them in the coming months and years. And, of course, how he rates them as an investment. In case you missed it, here is part one of the interview where we discussed What's Driving Silver.

Gold has continued to consolidate at higher levels this week, above $2,380 this morning and moving closer again to the psychological important $2,400 level. This is on the back of markets starting to price in an interest rate cut in the US for September. Data released on Thursday showed central banks are continuing to add to their gold reserves, despite the largest consumer the People Bank of China ceasing gold purchases for the last two months. Citibank on a note released yesterday, sees central bank demand continuing over the second half of the year to reach 1,100 tons which would be a 5.8% over last year. Citi Bank's forecast for gold is $2,600 in 2024. It's not everyday you get to speak to a 'guru' but that was who I found myself speaking to earlier this week, and it was none other than The Silver Guru himself, Mr David Morgan. David has been a friend of GoldCore for a long time now, and for good reason. He's an absolute gent and always has some fantastic information and comments about the silver market. Our conversation was so interesting that we split it into two parts. Today, we bring you part one. In this first half, David and I discuss the bullish and bearish trends in the silver market. A lot of people are curious to understand the silver price of late, and David has some useful insights. He touches on the emotional nature of investing in silver, with a particular mention of those who perhaps sell too early and regret it! Particularly interesting to many of you will be the divergence we are seeing between the demand drivers for silver - industrial and monetary. I asked David if industrial demand is now significantly more prominent than the demand for its role as a precious metal and is it overshadowing it completely? What do you think? And what do you think the 2024 Presidential election could mean for silver demand? Here, David offers some interesting insights from his experience during the Trump-era. Let us know your thoughts. We finish the interview discussing silver miners, what a curious ride that has been. David gives us some thoughts but stay tuned for part two when we'll explore this further.

Why should you hold gold in 2024? In this video Jan Skoyles outlines the multifaceted benefits of investing in #gold bullion. She emphasizes gold's timeless appeal, symbolizing wealth and stability across millennia. Unlike paper currencies, gold holds intrinsic value due to its rarity and universal acceptance. It serves as a hedge against inflation, protecting purchasing power during economic uncertainties. Gold's inclusion in a diversified portfolio reduces overall risk and can perform well when other assets falter. Its physical nature and global liquidity make it a tangible, secure #investment option. Also stay tuned till the end where we ask #MichaelOliver, the legendary analyst what he thinks about the gold price in 2024.