Gold, Silver & Other Precious Metals 18 (Jan 23 - Dec 25)

[behappyalways]

The price of gold skyrocketed!
At the end of the year, it was worth US$2,700.
The wedding gold jewelry set exceeded 200,000...
Couples save money by "renting instead of buying" and rental performance increased by 35%

金價驚驚漲!年底上看2700美元 結婚金飾套組逾20萬...新人省錢"以租代買"出租業績增35%｜非凡財經新聞｜20240920

https://m.youtube.com/watch?v=7xNAaaMqsc0

[winston]

History Shows a Slowdown is Possible for This Precious Metal in the Months to Come

by Brett Eversole

Right now, the COT report for gold is showing the highest number of bullish trades we’ve seen since early 2022.

It’s worth being cautious, though. Gold has already made a stellar run-up in recent months. And history shows a slowdown is possible in the months to come.

Source: DailyWealth.com

https://dailytradealert.com/2024/09/20/ ... s-to-come/

[behappyalways]

Visualizing Gold Consumption Vs. Domestic Supply
https://www.zerohedge.com/commodities/v ... tic-supply

[behappyalways]

The price of gold soared to 10,570 yuan per dollar.
Goldman's new buildings are innovating every day, but a "wave of bankruptcies" has started?
金價每錢飆10570元　天天創新高銀樓卻掀「倒閉潮」？｜#鏡新聞
https://m.youtube.com/watch?v=S3a-09e5Qfo


International gold prices soared!
India slashed import tariffs and people went crazy "grabbing gold".
Gold prices soared!
The Bank of China House complained and people "sold gold to cash out."
國際金價飆高! 印度大砍進口關稅 民眾瘋"搶金" 金價飆升! 中銀樓喊苦 民眾"狂賣金套現"│記者 林芷綺│【國際焦點】20240923│三立新聞台
https://m.youtube.com/watch?v=muh-eNMPQQY

[behappyalways]

It’s too hot to spend money!
Meimai Market Festival "Purchase Restriction Order" One card can only buy one set of gold

掏金過熱！美賣市場祭「限購令」　一卡限買一組黃金｜#鏡新聞

https://m.youtube.com/watch?v=se_CXPzN-88

[behappyalways]

Gold Priced In Swiss Francs Is Finally Breaking Out
https://www.zerohedge.com/precious-meta ... eaking-out

[behappyalways]

The Mad Dash In India To Buy Gold
https://www.zerohedge.com/markets/mad-d ... a-buy-gold


Nice chart,
@duediligenceguy
, on $GLD net outflows this year and how outflows have just now turned into inflows. #Gold
https://x.com/a_martinoro/status/1840723014624698800

[behappyalways]

Long term positive impact for gold

West Seeks To Finalize Using Frozen Russian Funds To Pay For Ukraine War
https://www.zerohedge.com/geopolitical/ ... e_vignette

[behappyalways]

“In accordance with the resolution of the board, we are striving for 20 percent of our currency reserves to be in gold. Then, we will find ourselves in such a close, exclusive club of the best economies in the world,” Glapiński said.

Poland Now Has More Gold Reserves Than The UK
https://www.zerohedge.com/economics/pol ... eserves-uk


Will Russian Buying Drive Silver Beyond $50
https://www.zerohedge.com/precious-meta ... -beyond-50

[winston]

China keeps off gold as forex reserves rise

China held back on buying gold for its reserves for a fifth straight month

The country's foreign exchange reserves - the world's largest - grew by US$28.2 billion (HK$220 billion) to US$3.316 trillion last month.

Meanwhile, gold holdings remained unchanged at 72.8 million ounces at the end of last month. The value of the gold reserves, however, rose to US$191.47 billion from US$182.98 billion.

Source: Reuters

https://www.thestandard.com.hk/section- ... erves-rise