Gold Is The "Kardashian of Commodities"?

Published here: http://www.zerohedge.com/news/2016-10-26/gold-kardashian-commodities

Max Keiser and Stacy Herbert have interviewed Jan Skoyles to discuss how gold is the "Kardashian of Commodities" and "future-proofing your portfolio with gold".

Topics covered are

• Double Down asks Jan Skoyles, of Goldcore.com, if there is enough gold in the world to hedge against a President Trump
• U.S. Election - Trump and Clinton most hated Presidential candidates in history
• Goldman Sachs says that gold is a ‘good hedge against politicians’
• Skoyles says that, in the West, gold is considered ‘the Kardashian of commodities,’ something not taken seriously as an investment — until the likes of Goldman Sachs says it might be so
• Dubai and Middle East is "environment where people automatically understand gold"
• Gold reaching new highs in Russian rubles and South African rand and close to new highs in pounds sterling
• UK media do not cover gold and gold price in sterling so people do not understand
• Keiser and Herbert point out how gold has value because people believe it has value
• BBC Newsnight studio has "religious moment" when people are drawn to gold bullion
• How gold will protect from bail-ins
• The importance of having outright legal owership and being able to take delivery of individual coins and bars

Listen to interview here

 

Gold and Silver Bullion - News and Commentary

Gold Holds Near Three-Week High as India Buys Ahead of Festival (Bloomberg)

Gold Prices Rise on Dimmer Economic Outlook (WSJ)

Gold extends gains, buoyed by Indian festival demand (Reuters)

Consumer confidence droops ahead of presidential election (MarketWatch)

Rare gold coin worth £250,000 found in boy’s ‘toy’ treasure chest (Telegraph)

How One Billionaire Became A Gold Bug (ZeroHedge)

China could be on verge of gold buying boom (Mining)

As yuan sinks, Goldman sees rising gold demand in China (Qata)

A long-term gold bull wants to see this happen before he buys more (MarketWatch)

Gold Prices (LBMA AM)

26 Oct: USD 1,273.90, GBP 1,043.45 & EUR 1,166.13 per ounce
25 Oct: USD 1,269.30, GBP 1,037.53 & EUR 1,165.85 per ounce
24 Oct: USD 1,267.00, GBP 1,034.89 & EUR 1,163.61 per ounce
21 Oct: USD 1,263.95, GBP 1,033.79 & EUR 1,160.69 per ounce
20 Oct: USD 1,269.20, GBP 1,034.65 & EUR 1,156.75 per ounce
19 Oct: USD 1,269.75, GBP 1,031.29 & EUR 1,154.97 per ounce
18 Oct: USD 1,261.65, GBP 1,031.15 & EUR 1,145.33 per ounce

Silver Prices (LBMA)

26 Oct: USD 17.66, GBP 14.46 & EUR 16.17 per ounce
25 Oct: USD 17.73, GBP 14.49 & EUR 16.30 per ounce
24 Oct: USD 17.64, GBP 14.41 & EUR 16.19 per ounce
21 Oct: USD 17.51, GBP 14.34 & EUR 16.08 per ounce
20 Oct: USD 17.60, GBP 14.35 & EUR 16.03 per ounce
19 Oct: USD 17.69, GBP 14.38 & EUR 16.11 per ounce
18 Oct: USD 17.65, GBP 14.37 & EUR 16.03 per ounce

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