Senior Portfolio Manager Trey Reik responds to Warren Buffet’s distaste for gold, staunchly reconfirmed by Buffett at the May 5 Berkshire Hathaway Annual Shareholder Meeting. Reik finds Buffet’s gold-versus-stocks comparison self impeaching, and suggests that a prudent allocation to gold could improve the risk-adjusted returns even for Berkshire Hathaway.
As inflation is back on institutional investors’ minds, some are eyeing an allocation to gold, both directly and through companies with exposure to the metal, according to one investment manager.
The argument that when interest rates go up, gold goes down is a “totally fallacious” one, said Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.
What’s ailing gold? After a rally from its lows in mid-December to a peak of $1,358 an ounce Jan.
In 2016, archaeologists working at a dig site in Bulgaria came across a tiny but significant find: A gold bead measuring about an eighth of an inch in diameter, which scientists believe may be the oldest piece of refined gold jewelry ever discovered -- dating back as far as 4600 B.C.
Iranians placed a lot more bets on gold in the first quarter after the local currency weakened to a record and fears grew that the U.S. would pull out of the nuclear deal, signaling a return to sanctions.
Worldwide demand for gold totaled 973.5 tons in the first quarter of the year, according to the Council's latest report, down 7 percent year-on-year.
Former Congressman and Presidential candidate Ron Paul is recommending investors look to gold to protect themselves from a correction in equity market.
Senior Portfolio Manager Trey Reik presents analysis suggesting the Fed’s dual agenda of rate hikes and QT balance-sheet reduction is already straining global liquidity to the peril of reigning financial asset valuations. In order to arrest deflationary forces, at least in part of their own making, we expect the Fed to scale back telegraphed FOMC policy by yearend.
On Wednesday, new fintech startup Tradewind announced that it raised $10.6 million in a strategic placement. The investment was led by Agnico Eagle (NYSE: AEM, TSX: AEM), IAMGOLD (TSX: IMG, NYSE: IAG) and Wheaton Precious Metals (NYSE: WPM, TSX: WPM). At the same time, existing stakeholders Sprott Inc. and Goldcorp (NYSE: GG, TSX: G) increased their investment in the company. Silicon-Valley-based venture capital firm Sapphire Ventures also became a new investor in Tradewind.
Germany’s central bank, the Bundesbank, has opened an exhibition of its hefty gold reserves after recalling half of its bullion from foreign vaults.
Turkey joined the ranks of Germany and Hungary as the latest country which brought back its gold to home base, this according to reports from the country’s media.
Sprott Global Investment Executive Kenton Ralph Toews looks more closely at how commodities, relative to equities, are at their most undervalued in decades. Gold is especially inexpensive relative to the S&P 500.
A rise in photovoltaic demand should improve silver’s supply/demand fundamental picture in the coming years, said BMO Capital Markets.
The annual World Silver Survey is produced by the GFSM team at Tomson Reuters. The Survey is an excellent resource for silver investors, and is considered the industry standard for detailed silver statistics and analysis.
Global debt hit its highest levels ever and governments should take actions to reduce their indebtedness while the going is still good, the International Monetary Fund said.
Someone is about to catch a bullet in the silver market. Commodity funds are betting that the metal is headed for a fall.
Trade war and increasing inflationary expectations are fears that investors are stricken with at the moment.
Gold soared to two-year highs this week as uncertainty rattled the market. The bull run isn't over yet, says one strategist.
Gold futures hit their highest price since August 2016 on Wednesday, rising as investors fled to perceived safe havens after President Donald Trump threatened a missile strike in Syria.
Today, we consider the investment case for the precious metal, platinum. I’ve identified platinum as “cheap” on these pages before and that is an adjective that still applies. In fact, now it is “even cheaper”.
Sprott Asset Management CEO John Ciampaglia examines the relative merits of gold and cryptocurrencies as these two alternatives to traditional fiat currencies duke it out in the “monetary” boxing ring of investor sentiment.
"Recent geopolitical developments have led me to raise my probabilities of trade and other types of wars, such as capital wars, cyber wars (and possibly even shooting wars)," Bridgewater Associates Co-Chairman Ray Dalio wrote on LinkedIn.
Despite its much lower market profile than gold, silver’s prospects are looking up.
Sprott's Ed Coyne and Trey Reik discuss the importance of gold to investment portfolios.
Bullion prices are set to climb because there’s been a lack of exploration and the global industry isn’t replacing the reserves it’s been mining, according to Stephen Letwin, chief executive officer at Iamgold Corp.
Bill Baruch of Blue Line Futures and Larry McDonald with the Bear Traps Report discuss gold with Scott Wapner.
A frequently trotted-out rule in investing is when there is blood in the streets, it's time to take a stock position.
Few topics are less conducive to rational debate than the national debt. One of the most divisive questions is whether a country can get into trouble issuing debt in a currency it controls.
Gold will surge to the highest level in five years if a global trade war breaks out, according to Rick Rule, chief executive officer of Sprott U.S. Holdings Inc., who’s been involved in the market for four decades.
Sales in March of U.S. Mint American Eagle gold fell to their lowest for the month, and silver coins dropped to their lowest in 11 years, government data showed.
The Blockchain technology has come a long way since it was first conceptualized by Satoshi Nakamoto in 2008. What was initially the core component of the cryptocurrency Bitcoin has now been adopted by different industries and for different purposes.
Gold bulls are finding 2018 offers plenty of reasons to be cheerful.
If you physically own gold, you need to keep in safe. Which means keeping it in a safe, either in a bank or in your home. Or, you can invest in a gold exchange traded fund (ETF), in which case you don’t actually own the gold, and will be charged an annual management fee.
A gold rally is in the cards for April, said Bloomberg Intelligence commodity strategist Mike McGlone, adding that not much can get in the way of that happening.
Goldcorp Inc. (TSX: G, NYSE: GG) ("Goldcorp") and Tradewind Markets, Inc. ("Tradewind"™), a financial technology company revolutionizing the way gold trades, announced that Goldcorp deposited the first gold onto Tradewind's blockchain, known as VaultChain™, as the "genesis block".
In its continued bid to bring innovation to the precious-metals sector, one of the world’s biggest gold miners has embraced a new blockchain-based digital marketplace.
US tech startup TradeWind Markets has launched a digital gold trading and settlement system that is expected to streamline and speed up the trading process and cut transaction costs.
Gold is on a tear, and some market watchers see further upside ahead for the precious metal
Hedge funds could learn a thing or two from exchange-traded fund holders, at least as far as the gold market is concerned.
TradeWind Markets Inc., a technology provider backed by Sprott Inc. and Goldcorp Inc., on Monday launched a new digital gold trading and settlement platform that aims to simplify and speed up trading and reduce transaction costs. The Royal Canadian Mint will provide storage for the platform, guaranteeing that the digital gold is backed one-to-one by physical bars.
India, the world’s second biggest gold consumer, relies on imports to fulfill its nearly entire consumption.
A digital revolution is reshaping India's $34 billion gold market, with smartphones, e-wallets and flexible investment schemes drawing new buyers into a business dominated by traditional, face-to-face transactions.
Gold futures edged higher on the latest shakeup in the Trump adminstration, with Secretary of State Rex Tillerson being replaced by CIA Director Mike Pompeo.
The calm of equity markets across the world was rudely interrupted in February by a sudden spike in volatility which impacted virtually every asset class. Volatility across equities, bonds, currencies and commodities rose sharply during the month and remained elevated into March.
The five banks that settle every transaction in London's $6.8 trillion a year gold market are changing the rules of their clearing house to make it easier for newcomers to join.
CEF is a closed-end fund sponsored by Sprott Inc., seeking exposure to commodities through investments of gold and silver bullion.
Steady metal prices to start 2018 should translate to further gains by year-end. They needed to pause after gaining 21% last year, as measured by the Bloomberg All Metals Total Return.
Antimicrobial resistance (AMR) represents one of the most significant challenges in healthcare. A study recently published in the journal Nature Nanotechnology suggests that microorganisms can become resistant to the antimicrobial effects of silver nanoparticles, but there is a new way to tackle this.
The end of the easy money era which spanned the global economy for the last decade came into even sharper focus on Friday as the Bank of Japan gave fresh insight into when it might slow its bond-buying program.
Gold's luster is starting to tarnish for the University of Texas, as its endowment fund said that it is reviewing its gold holdings, worth about $1 billion, according to Bloomberg News.
Senior Portfolio Manager Trey Reik looks beyond the short-term damage of the Feb. 5 market selloff, and explores why the current fed tightening cycle is likely to increase the stress on individual consumers and inflict damage across a broad spectrum on financial assets.
We believe automakers’ emission strategies to avoid non-compliance make falling loadings (i.e. “thrifting”) less likely than in the past; and consequently there is upside, rather than downside, to platinum loadings.
Gold just had its worst week in over two months, but one technician says the precious metal is headed for a breakout.
Platinum and palladium are lesser-known precious metals which may offer diversification benefits to any portfolio.
Canadian inflation came in stronger than expected in January as signs point to price pressures continuing to slowly build.
About 50,000 ounces -- or about 125 gold bars -- is all that stood in the way of Newmont Mining Corp. claiming the title of world’s biggest bullion producer.
Russia has overtaken China as the fifth-biggest sovereign holder of gold, allowing it to diversify its foreign currency holdings amid a deepening rift with the U.S.
U.S. consumer prices rose by more than projected in January as apparel costs jumped the most in nearly three decades.
America’s fiscal largesse and the specter of wider current-account shortfalls are fueling a renewed wave of dollar bashing.
Gold held gains as the dollar slipped, with investors counting down the hours before key U.S. inflation data that may offer fresh clues on monetary tightening.
Ed Coyne, Executive Vice President at Sprott Asset Management discusses how an allocation to gold and silver can complement equities in an investment portfolio, and why Sprott advocates a 5-10% allocation for most investors. Coyne also introduces the Sprott Physical Gold and Silver Trust (CEF), which represents the successful takeover of Central Fund of Canada.
Whitney George, Chairman of Sprott U.S., discusses why it is a good time to invest in real assets: " Real assets have never been cheaper relative to financial assets." George explains how gold and other hard assets are gaining more attention from institutional investors.
Commodity trader Bill Baruch is bullish on gold at these levels despite the recent weakness and sees a buying opportunity around the $1,300 level.
China’s growing throng of affluent consumers is driving a rebound in demand for gold rings, bracelets and necklaces as a property boom and high stock market valuations boost wealth in the largest bullion market.
Bitcoin dropped 15.5 percent Monday to its lowest since mid-November, while the S&P 500 fell 4.1 percent in its worst day in six years.
As the equities selloff spread from Asia to Europe, gold proved its status as a safe haven.
Investors have finally detected the whiff of inflation.
With the price of palladium spiking to a record high last month, the effects could be felt in the automotive industry as manufacturers of catalytic converters consider raising their prices and may change the mix of metals in their products.
Bitcoin declined for a fifth day, breaking below $7,500 and leading cryptocurrencies lower as a global equities selloff deepened and investors migrated toward safe-haven assets.
With the beginning of the new year, we have entered a seasonally strong period for gold bullion and gold equities. Gold bullion posted a strong gain of 3.23% in January, ending the month at $1,345.15 per ounce. While sentiment towards gold has improved from frigid to luke-warm, sentiment towards precious metals equities remains downright bearish.
In recent years, buy-and-hold investors such as pension funds, endowments, insurance companies, and sovereign wealth funds (SWFs) have gradually increased their investments in alternative assets to diversify their portfolios and boost returns.
Executive VP Ed Coyne discusses Sprott's acquisition of the Central Fund of Canada and launch of the Sprott Physical Gold and Silver Trust.
The report, entitled ‘The rising attractiveness of alternative asset classes for Sovereign Wealth Funds’, finds that, despite SWFs facing adverse conditions since 2014 when asset growth began to stall as a result of falling oil prices, total assets under management still grew to USD7.4 trillion in 2016, albeit at a slower pace than in previous years.
The greenback is getting walloped. The dollar index is on pace for its worst January since 1987, down 3 percent and going through several wild price swings.
Owning gold is back in vogue. Last year the price of the precious metal posted its strongest annual gain since 2010, rising 13.09% to close the year at $1,303 per ounce.
Bitcoin’s parabolic price rise was the big story of 2017 – putting the spotlight on the cryptocurrency market. While gold’s performance was a solid 13%, it was a fraction of the 13 fold increase of bitcoin by the end of the year.
Gold could hit levels last seen in 2013 if the dollar extends its slide and equity markets reverse.
Investors were bidding up the euro during Trump's first year. European and Asian stocks outperformed U.S. markets, too.
"It's our currency, but it's your problem" John Connally, Richard Nixon's treasury secretary, told the world in 1971. Almost half a century later, his successor Steven Mnuchin has basically delivered the same message at the World Economic Forum in Davos, Switzerland.
Gold prices rose sharply Wednesday as Trump administration comments favoring a weaker dollar knocked the U.S. currency to three-year lows and buoyed the yellow metal.
Gold is going digital. Blockchain technology may help keep track of the roughly $200 billion of the precious metal dug from remote mines, traded by middlemen and melted down by recyclers that’s sold each year to buyers scattered around the world.
Gold bullion rose a respectable 13.09% in 2017, posting its strongest annual gain since 2010. Senior Portfolio Manager Trey Reik explores why gold's performance stacks up well against other alternative asset classes.
Traders wagering on a dollar revival as the Federal Reserve continues raising interest rates need only look back to America’s most recent tightening cycle to see just how wrong those bets could go.
There is still lots of value in the gold market as prices hold near a four-month high, according to the manager of the third largest gold-backed investment firm in North America.
Institutional investors are showing renewed interest in gold due to the softer U.S. dollar, rising bond yields and concern about stretched asset valuations. Some big investors are seeking to diversify their portfolios and taking a hard look at gold as an asset class to hedge against any potential market turmoil.
Institutional investors are showing renewed interest in gold due to the softer U.S. dollar, rising bond yields and concern about stretched asset valuations.
After lagging behind other precious metals last year, platinum is finally outperforming, and hedge funds are taking notice.
Gold’s breakneck rally eased this week, but tailwinds in both physical and paper markets suggest it’s got room to run.
Gold coin sales jumped fivefold on Tuesday at one of Europe’s largest online dealers as Bitcoin suffered its biggest selloff since December.
A Google search for the phrase "death of the dollar" produces about 168 million results in less than half a second, including articles, YouTube videos and books all predicting the demise of the U.S. currency.
It is rarer to find a one ounce nugget of gold than a five carat diamond.
Stock prices were not the only investment to stage an impressive rally in 2017. Gold, too, found favor, and that’s rare.
Gold is starting the new year on the front foot. Bullion advanced for an eighth session to head for the longest stretch of gains since mid-2011, building on an annual surge.
Gold remains popular among the rich. It is perceived by some as a store of value, a counterbalance to other assets and a safe haven amid geopolitical turbulence. It ticked up amid jitters over US-North Korea tensions in October; this week the gold price rose on dollar weakness. But gold is also seen as an old-fashioned investment opportunity, with the metal set to be replaced by cryptocurrencies. In this article, South African investment advisor David Melvill argues that gold should be included in everyone’s portfolio. He tracks the history of gold in the economy and underscores that Russia and China are big buyers of gold – a signal that the metal is not about to be relegated to the annals of history
For the second year in a row, people -and commodity analysts such as those at TD Securities and the Bank of Montreal- are being bullish on silver. Some 151 people, or 39% of the sample of 386 participants, chose silver as 2018’s most likely outperformer, with gold taking the second place with 27% of the votes, followed by copper with 25%, palladium with 5% and platinum with 4%.
No sharp gains or drop is expected in the yellow metal unless there are any changes in key fundamentals, say experts.
With a Bank of America Merrill Lynch survey casting bitcoin as the world's most crowded investment, CNBC's Jim Cramer weighed the idea of the cryptocurrency replacing gold.
Senior Portfolio Manager Trey Reik takes a closer look at Trump's tax reform. Eager for the tax bill to pass, Trump boasts in a recent tweet, “It will be the BIGGEST TAX CUT and TAX REFORM in the HISTORY of our country!” We disagree.
Portfolio Manager Shree Kargutkar says, "gold is likely to benefit in early 2018 from its traditional first quarter strength." He also explains why gold mining equities are cheap right now, and why high-quality miners are positioned for strong earnings performances.
Changes are afoot in the technology sector. Smartphones are becoming increasingly powerful, electric and self-driving vehicles could revolutionise the automotive industry, and emerging nanotechnology could transform solar energy. All of this could have a positive impact on gold demand.
Maria Smirnova, Senior Portfolio Manager, discusses precious metals, and how it is getting much harder to find new deposits, given the drop-off in exploration budgets. She explains how an allocation to gold and silver in an investment portfolio can reduce volatility.
China’s automotive industry is a modest consumer of platinum at c2% of total platinum demand, mostly in heavy-duty vehicles. We see platinum demand upside potential from emissions legislation and from switching.
Senior Portfolio Manager Trey Reik examines the interplay between gold bullion and gold equities. This relationship has been noteworthy in 2017, given an anomalous performance gap that we believe may provide investment opportunity for precious metals investors.
Even though bitcoin seems like a more exciting option than gold this year, precious metal expert Rick Rule advises investors not to get distracted by things that “don’t matter.”
Having seen the astounding rise in Bitcoin’s value, those who remained on the sidelines are now kicking themselves for not buying it when it was first released. Surely, they’d be millionaires by now.
Trades that moved about 4 million ounces of gold in a matter of minutes awakened the precious metal from its slumber.
Gold’s resilience in the face of soaring equities and a dramatic fall in demand this year points to underlying confidence in the metal among investors unconvinced by this autumn’s scorching stock market rally.
A highlight of 2017 financial markets has been the explosion of interest in cryptocurrencies. The price performance of Bitcoin and its crypto brethren has been nothing short of spectacular. Recently, Bitcoin vaulted 445 percent from its March 25 close of $960 to an intraday high of $5,234 on Oct. 12.
Maria Smirnova, Senior Portfolio Manager, shares key takeaways from the Silver Institute’s 3rd Silver Industrial Conference that focused on “Silver’s Evolving Role in Science and Technology.” Smirnova looks at silver’s expanding role given its use in solar, automotive, electronics and healthcare applications, and explains why we are bullish on the metal.
Turkey purchased a record $13.8bn of gold from abroad this year, $9.8bn more than in the same period last year, Bloomberg reported.
Precious metals had a mixed reaction on Wednesday, October 25, 2017, and so did mining stocks.
Sprott Asset Management USA Senior Portfolio Manager talks about the pros and cons of bitcoin and how it compares with gold as an investment.
The index change that affected the VanEck Vectors Junior Gold Miners ETF (GDXJ) earlier this year was a huge story.
Palladium climbed above $1,000 an ounce for the first time since 2001 on hopes for rising demand from the car industry amid a shortage of supply.
Gold output in Australia, the world’s second-largest producer, will peak in 2021 and more than halve by the mid-2050s as aging mines close, according to Melbourne-based industry adviser MinEx Consulting Pty.
When you think of the color gold, images of grandeur and extravagance are likely to come to mind.
Until early this month, Indian jewelers expected the traditional surge in gold demand from the Hindu Festival of Diwali to be muted.
Gold bugs point to a myriad of reasons to own their favorite metal, from fiat currency debasement to gold’s history as a monetary unit.
Gold mining stocks got a boost Monday as gold spot futures climbed about 1% to $1,287 per troy ounce.
On Wednesday, gold was trading up slightly from eight-week lows struck yesterday, exchanging hands for $1,277.10 in early afternoon dealings.
Sprott Resource Holdings Inc. ("SRHI" or the "Corporation") (SRHI) is pleased to announce the successful completion of its previously announced acquisition of 70% of the outstanding equity of S.C. Minera Tres Valles ("MTV") from the Vecchiola Group for an aggregate purchase price of US$39.9 million, consisting of US$33.5 million in cash and US$6.4 million in SRHI common shares.
Vladimir Putin is doing his part to keep the upswing in gold alive.
China’s proven gold reserves reached 12,100 tonnes at the end of 2016, the state news agency Xinhua reported on Monday quoting an official with the national gold association.
India’s cultural affinity for silver underscores the country’s importance as a leading source of demand in the global silver marketplace.
Gold prices dropped on Thursday, settling below $1,300 for the first time in September after the U.S. Federal Reserve hinted that interest rates will go up in December.
A former trader at UBS Group AG was charged with conspiracy and fraud over his suspected role in manipulating the price of precious metals.
Gold has pulled in traders like never before on its way to the highest price in a year.
After nosing above $1,300, gold is winning new fans as tepid U.S. inflation anchors Federal Reserve policy and President Donald Trump’s growth agenda risks running into the sand.
But this is not to say that gold’s traditional role will not be re-established down the road. After all, central banks are in the later stages of reliance on unconventional monetary measures and, given this year’s spectacular price appreciation, cryptocurrencies are more vulnerable to unsettling air pockets.
Palladium has been on a tear this year. Its spot price increased 45 percent year on year in the first half of 2017, and it now trades at a 16-year high.
Last week featured two unusual stories on gold — one strange and the other truly weird.
India’s past and future are colliding in Anand Ghugre’s family jewelry shop in Mumbai.
Gold futures closed above $1,300 an ounce for the first time since November as the dollar dropped and speculation mounted that policy makers will be slow to raise U.S. interest rates.
Senior Portfolio Manager Trey Reik discusses why gold has spent the past seven months in a tight trading range between $1,200 and $1,300 per ounce. Given the stored force inherent in such a trading pattern, history suggests a breakout, whether up or down, is likely to be characterized by a steep slope. The question remains, which direction will gold follow?
"Silver commands an established precious-metal pedigree, while simultaneously boasting a wide array of active economic functions,' writes Senior Portfolio Manager Trey Reik. This report explores silver's bullish supply/demand fundamentals and why this bodes well for higher silver prices ahead.
Senior Portfolio Manager Trey Reik asks: "What is fueling this record-breaking investor complacency? We would suggest market perceptions of risk have been all but extinguished by relentless provision of central bank liquidity." He explains why gold's pullback is a reflection of persistent strength in U.S. equity markets.
Senior Portfolio Manager Trey Reik identifies ten market variables we view as bullish for the gold price: "With respect to precious metals, we have rarely observed such a confluence of gold-supportive technical and quantitative variables across such a wide spectrum of relevant asset classes."
Senior Portfolio Manager Trey Reik looks at gold's lackluster performance in March: "We attribute this swift shift largely to a short stretch of particularly impassioned Fed jawboning, book-ended by the FOMC’s two crucial thought-leaders, Vice Chairman William Dudley and Chair Janet Yellen."
With gold prices back to one-month highs, investors may consider alternative index-based gold miner ETFs to capitalize on the strengthening bullion.
In partnership with ALPS Advisors, Inc. and ALPS Distributors, Inc. Sprott offers two gold mining ETFs. The Sprott Gold Miners ETF (NYSE Arca: SGDM) and the Sprott Junior Gold Miners ETF (NYSE Arca: SGDJ).
You are now leaving Sprott.com and entering a linked website. Sprott has partnered with ALPS in offering Sprott ETFs. For fact sheets, marketing materials, prospectuses, performance, expense information and other details about the ETFs, you will be directed to the ALPS/Sprott website at SprottETFs.com.Continue to Sprott Exchange Traded Funds
You are now leaving Sprott.com and entering a linked website. Sprott Asset Management is a sub-advisor for several mutual funds on behalf of Ninepoint Partners. For details on these funds, you will be directed to the Ninepoint Partners website at ninepoint.com.Continue to Ninepoint Partners