There is so much going on at the moment, both politically and financially that it can be difficult to know what to focus on when it comes to managing your investments.
At times like these, it’s good to try to filter-out all of the “noise” and identify the major developing trends that will have the biggest impact on you, your family and your finances.
Recently, I did just that and that’s what inspired my talk with Chris Martenson over at Peak Prosperity, earlier this week. Chris and I had a great chat about my top five super trends to look out for over the next 18 months.
You can hear them all in the podcast, below. I’d love to know if you agree with my top five, and if not let me know what you would include, instead.
For instance, do you think Demographic Decay is something we should be concerned about, when planning and managing our investments? What about De-dollarization?
Let us know either by email or just tweet us here.
From The Trading Desk
Market Update
The World Gold Council released their quarterly report this week. The key highlights were
– LBMA (London Bullion Market Association) PM fix averaged USD 1976 during the second quarter. This is a record average high. This price is 6% higher year on year and 4% higher than the previous high from the third quarter of 2020.
– Gold demand rose 7% to 1255 tonnes in the three months to June on an annualised basis. HNW from Turkey and companies in particular turned to the OTC market to protect against currency fluctuations as the Lira plummeted, this was despite the outflows in ETF and Comex future positions. More than 355 tonnes alone of the OTC was attributed to Turkey.
– Central bank purchases in the first quarter were a record 387 Tonnes. Purchases slowed slightly in Quarter 2 but demand remains strong. More importantly, the demand is widespread and distributed between developed and emerging market countries.
The gold price this morning is sitting above the key support area of $1,930 as we await Nonfarm payrolls that are released Friday.
Policy makers may consider a continuation to the rate cycle at the next policy meeting in September if we get a strong number tomorrow.
Stock Update
Silver Britannia’s – We have a limited number of Silver Britannia’s from the Royal Mint, with the lowest premium in the market at Spot plus 39% for UK storage/delivery.
Gold 1oz bars and coins – GoldCore have excellent stock and availability on all gold coins and bars. Please contact our trading desk with any questions you may have.
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GOLD PRICES ( AM/ PM LBMA FIX– USD, GBP & EUR )
| USD $ AM | USD $ PM | GBP £ AM | GBP £ PM | EUR € AM | EUR € PM | |
|---|---|---|---|---|---|---|
| 02-08-2023 | 1949.70 | 1944.20 | 1525.06 | 1530.86 | 1775.79 | 1775.64 |
| 01-08-2023 | 1956.75 | 1947.20 | 1525.48 | 1524.85 | 1783.38 | 1774.68 |
| 31-07-2023 | 1955.55 | 1970.65 | 1521.22 | 1532.57 | 1773.29 | 1785.01 |
| 28-07-2023 | 1950.15 | 1954.25 | 1521.70 | 1518.65 | 1778.73 | 1771.33 |
| 27-07-2023 | 1975.20 | 1945.35 | 1521.89 | 1515.04 | 1774.52 | 1767.74 |
| 26-07-2023 | 1972.00 | 1966.30 | 1528.50 | 1522.31 | 1780.52 | 1777.14 |
| 25-07-2023 | 1963.10 | 1958.70 | 1528.67 | 1526.02 | 1775.82 | 1775.37 |
| 24-07-2023 | 1964.75 | 1960.00 | 1531.13 | 1527.82 | 1772.20 | 1767.53 |
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