Price of bullion is down, but there is certainly a disconnect.
Silver ETFs are adding to their holdings which is usually not the case when prices fall.
Open interest is also at near record levels which is usually something that happens at much higher prices.
Then there is hoarding; central banks and individual investors continue to add to their gold holdings as US prices for gold meander below $1,300 per ounce. Even small countries are getting in on the hoarding. Everyone Is Hoarding Gold
Then there is Peak Gold Theory. Simon Black put out a great article that demonstrates how gold deposit findings are much lower than they used to be. Another billionaire says we’re running out of gold
Then there is debt. Global debt is rising fast and with debt ballooning so quick you have to wonder about quality. Can the governments, business and people pay back these debts and how will rising rates affect debt servicing?As Global Debt Hits A Record $247 Trillion, The IIF Issues A Warning
Investors who have gotten involved in the pink diamond market are definitely sitting pretty. Paul discusses the high quality Argyle pink diamonds available at Guildhall and the price appreciations that have been witnessed over the last ten years. We look at availability, quality, and pricing and with the Argyle Tender released for October bids we look at what the future holds for pink diamonds and why investors may want to consider holding one in their portfolio.