What was that about gold being a sterile asset?
FREEDOMFEST LAS VEGAS, Nev., July 15, 2016—At FreedomFest, Monetary
Metals announces that it has closed its first gold fixed-income deal, to
finance the gold working inventory of Valaurum. The initial amount of
gold meets Valaurum’s current needs, with room for expansion driven by
its growth. The interest rate is 5 percent of the gold, paid in gold.
Read more here and check out the revamped Monetary Metals website.
13 July 2016
Yin and Yang
During gold’s bear market from 2011, the flow of gold out of ETFs drove
the popularity of the West to East narrative not just among goldbugs but
also bullion market professionals. It was a life raft I suppose that
many clung to, to find hope as the price relentlessly fell,
notwithstanding how much gold was flowing into “the East”. Today,
investors have abandoned the raft as they step out on to the terra firma
of $1050 and stagger about basking in the lush tropical greenery of a
rising gold price. Read more here.
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