Gold, Silver & Other Precious Metals 17 (May 19 - Dec 24)

[behappyalways]

"We Sold Over $100 Million Of Gold During The Quarter": Costco CFO
https://www.zerohedge.com/personal-fina ... costco-cfo

[behappyalways]

First Costco, Now Walmart? Major Retailers Now Offer Gold Bars
https://www.zerohedge.com/commodities/f ... -gold-bars

[behappyalways]

Central bank #gold buying—China takes the lead, but it's not just a BRICS thing...
https://twitter.com/duediligenceguy/sta ... 3179829547

[winston]

World's gold demand falls 5pc

Including demand from the OTC markets and other sources, total demand climbed by 3 percent to a new annual record at 4,898.8 tonnes and supported the growth of the 2023 average gold price to a record high of US$1,940.54 (HK$15,136), the WGC said.

Source: AP

https://www.thestandard.com.hk/section- ... -falls-5pc

[winston]

Gold demand to hit record with central-bank buying and Federal Reserve rate cuts, WGC says

The precious metal rallied 13 per cent last year, touching a record in early December, on the back of economic and political uncertainty, geopolitical tensions

Central-bank buying to top 500 tons this year, after net purchases reached 1,037 tons in 2023, the WGC said

Source: Bloomberg

https://www.scmp.com/business/commoditi ... s-wgc-says

[winston]

China’s demand for gold still glowing bright

Demand rose by three tonnes year-on-year to stand at 2,093 tonnes.

10% increase in demand, which totalled 630 tonnes for gold jewellery in 2023, offsetting a 6% decrease in India,

As for gold bars and coins, China’s 28% growth in demand, which was 280 tonnes in all for 2023 – combined with notable totals in India (185 tonnes), Turkiye (160 tonnes) and the United States (113 tonnes) – offset plummeting demand from Europe,

Source: China Daily

https://www.thestar.com.my/business/bus ... ing-bright

[winston]

Four factors that are likely to support a bullish run for gold in 2024


by Eric Fry

1. Falling interest rates
2. Weakening dollar
3. Rising geopolitical tensions
4. Buying pressure from global central banks

Source: Investor Place

[behappyalways]

Funds flowing to bitcoin...

Meanwhile it’s a pretty bad scene right now in the gold ETFs category… via
@SirYappityyapp
in our just published weekly flow note
https://twitter.com/EricBalchunas/statu ... 5134660987


Gold Miners: One Of The Market’s Best Pure Value Plays
https://leadlagreport.substack.com/p/go ... rkets-best

[behappyalways]

Hm. If about half of the US' #gold is said to be stored at Ft. Knox, maybe the other half actually exists?
https://twitter.com/duediligenceguy/sta ... 1446155414

[behappyalways]

China has launched a "gold buying wave"!
Young people are also buying gold.
Retail sales of gold jewelry increased by 21.2%!
Online sales of gold are also very strong.
Gold mining chaos? The price of old gold has turned out to be "cabbage price"

中國掀"購金潮"! 年輕人也夯買黃金 零售業金飾銷售額增21.2%! 線上銷售黃金也超夯 淘金亂象? 舊款黃金價格竟出現"白菜價"｜記者 林芷綺｜【國際大現場】20240220｜三立新聞台

https://m.youtube.com/watch?v=ipFrXvqGsSU