A European move away from polluting diesel has increased demand for catalytic converters, which use palladium. There are only a few palladium mines in the world, constricting supply. The global trend toward electric cars should reduce demand, but that could be years away. A rare metal, a vital component in the production of catalytic converters, […]
Gold promoters often cite inflation’s steady rise after the United States abandoned the gold standard in 1971. Yet is gold the worst investment ever? Quite possibly. The U.S. dollar no longer being backed by gold became a reason to invest in the real thing — gold itself. Warren Buffett, a stock picker who hates gold, says […]
Some say we are in a roaring economy looking for continued growth, especially considering how low interest rates remain. Then there’s Ron Paul, who says we’re once again in a big fat bubble that’s about to pop. The retired congressman and one-time presidential contender is aggressively recommending that investors buy gold to protect themselves from […]
Many investors see gold as one of the safest assets that you can add to a portfolio, but is it now poised to make an epic run higher? Bond king Jeffrey Gundlach says “Yes.” The bond fund manager, who runs $100 billion at DoubleLine Capital, is extra bullish on gold now. Once it breaks its […]
One the of the world’s largest gold-producing companies is working with blockchain to stabilize virtual currency trading and, in time, to monetize the value of billions in currently stored gold. The company, Vancouver’s Goldcorp, will back cryptocurrency transactions with physical gold held in an vault at the Royal Mint in Ottawa. As an initial step, […]
