Posts belonging to Category Gold



What is the future of Money?

Bitcoin, Dollars or Gold?

Type “Bitcoin is a Bubble” into Google and you’ll get 31,800,000 results, a clear indication of how many times people have, incorrectly so far, called a top in the price of the worlds most famous cryptocurrency. We’ve been studying it for years and have summarised our thoughts in a detailed report; “Bitcoin, Dollars, Gold: What is the Future of Money”

We see numerous potential tailwinds for Bitcoin, and for blockchain especially. Capital is flowing into the sector, millennials love it, and we also think governments and commercial banks are supportive of digital currency, as they have a general disdain for physical cash. Blockchain’s potential to disrupt multiple industries is also another tailwind. For those who want further evidence of its potential, we suggest reading “Banking is only the Beginning: 30 Big Industries Blockchain Could Transform”.

Finally, for as long as central banks the world over engage in the monetary largesse we’ve become accustomed to in the “post” GFC environment, more and more people will look for alternative monetary solutions.

http://www.livewiredmarkets.com… Mon., 04  December 2017

BREXIT will hit strongly The City

Brexit may lead to half of City’s EU workers leaving UK

More than half of EU nationals currently working in investment management in the UK are not confident they will continue working in the country after Brexit, a report from the CFA Society UK reveals.

CFA UK’s survey of 1,100 professionals found that City workers regardless of nationality feel their job security is under threat as a result of Brexit, with just 43% of EU nationals and 52% of non-EU international employees feeling their job is secure. By comparison, 60% of British national respondents feel that their job is secure. According to CFA UK, the respondents’ views “are likely to have been impacted by their sense of job security in the current climate”.

http://www.investmentweek.co.uk…  Wed.,  18  October 2017

US futures are down sharply

North Korea’s missile launch over Japan is hitting global markets

North Korea launched a ballistic missile that passed right over Japan, and that’s set markets on high alert, with four big movers. U.S. stock futures were a big early mover, with the Dow Jones industrial average mini futures dropping as much as 147 points to 21,644 in a knee-jerk reaction. That compared with the index’s close on Monday at 21,808.40. The DJIA futures later regained some lost ground, trading down 109 points at 21,682 at 10:02 a.m. HK/SIN.

Perhaps counterintuitively, Japan’s currency move higher — because it generally does well when nervous investors are looking to park their money somewhere secure. It climbed against the greenback, with the dollar fetching as little as 108.32 yen in early Tuesday trade, down from levels approaching 111 yen earlier in the month.

http://www.cnbc.com…  Tue.,  29  August 2017

Tensions with North Korea worry markets

Wall Street swings lower after Trump warns North Korea

U.S. stocks closed lower on Tuesday after a late afternoon selling spree as investors fled for safety after U.S. President Donald Trump vowed to respond aggressively to any threats from North Korea. After scaling back from record highs earlier in the session, Wall Street’s three major indexes dipped after Trump said North Korea “will be met with fire and fury” like the world has never seen if it threatens the United States. “Trump’s response was aggressive and that’s why the market turned lower,” said Ken Polcari, Director of the NYSE floor division at O’Neil Securities.

Japan said on Tuesday it was possible that North Korea had already developed nuclear warheads and warned of an acute threat posed by its weapons programs as Pyongyang’s continues missile and nuclear tests in defiance of U.N. sanctions. Investors, who took the North Korea report from Japan in their stride earlier in the day, lost their appetite for risk after Trump’s comments to reporters during his vacation at his golf club in New Jersey.

http://www.reuters.com…   Wed.,  09  August 2017

Trump declares Currency Wars

Which countries are ‘manipulating’ the markets

Donald Trump’s top trade adviser Peter Navarro launched a broadside at Angela Merkel this week, accusing Germany of profiting from a “grossly undervalued” currency. At the same time the President said countries such as Germany, China and Japan are responsible for “global freeloading” in part due to their weak currencies. Trade relations are top of the new President’s list of concerns, as he blames other nations for, in his view, unfairly luring manufacturing jobs away from the US.

http://www.telegraph.co.uk … Fri.,  03 February 2017

Gold up as Trump policy worries

Gold inches up on weak dollar 

Gold prices crawled higher on Monday on a weaker dollar and as uncertainty over US policy under President Donald Trump stoked safe-haven demand, although the gains were curbed with many in Asia on holiday for the Lunar New Year. Trump’s administration had on Sunday tempered a key element of his move to ban the entry of refugees and people from seven Muslim-majority countries in the face of mounting criticism and protests in major American cities.

http://www.thehindubusinessline.com … Wed.,  01 February 2017

Dublin will be Barclays EU Headquarters

Barclays Picks Dublin as Post-Brexit EU Headquarters

Barclays Plc has settled on Dublin for its main hub inside the European Union after Brexit and is planning to add about 150 staff there if U.K.-based finance companies lose easy access to the trading bloc, according to people with knowledge of the decision. The bank started scouting the city for office space this month and has been in contact with Irish regulators about expanding its operations, said the people, who asked not to be identified because the plans aren’t public. Barclays is moving ahead with contingency plans so it can continue serving EU clients if Prime Minister Theresa May fails to strike a transitional or permanent deal preserving London’s access within the two-year renegotiation period.

http://www.bloomberg.com … Fri.,  27 January 2017

Bloomberg added Bitcoin to its list of safe havens

The world’s biggest bitcoin wallet provider will have a record month thanks to Trump

The world’s biggest bitcoin wallet provider will “pretty easily” have its biggest ever month for activity in November, following a surge in use after Donald Trump’s shock election victory in the US. Peter Smith, the cofounder and CEO of London-based Blockchain, told Business Insider: “We’re setting a new record pretty much every day since the election in terms of activity on the platform. “People are basically hedging against economic instability”.

http://www.businessinsider.com … Mon.,  14 November 2016

Markets react to the election of Donald Trump as President

US share markets have risen strongly shrugging off fears

The Dow Jones, S&P 500 and Nasdaq indexes all rallied robustly during the day and closed more than 1% higher. The pre-open future markets forecasted dramatic sell-offs when Donald Trump’s lead became clear overnight. Share traders had expected Hillary Clinton to beat Mr Trump to become the next US president.

His victory initially sent money flowing into safe haven stocks, gold and currencies including the yen, but as the day has gone on global markets have recovered.  The Dow Jones ended the day up by 1.4% at 18,589.69. The S&P 500 was 1.11% higher at 2,163.26 and the Nasdaq was also up by 1.11% at 5,251.07. In London the FTSE 100 index dropped 2% at the start of trading before recovering to end the day 1% up.

http://www.bbc.com … Thu.,  10 November 2016

Banks Likely to Lose Passporting With Brexit

Global banks will lose their legal rights to provide services in the E.U. 

Global banks will probably lose their current legal rights to provide services in the European Union after Brexit, the U.K.’s trade minister said in the most detailed outline yet of the government’s thinking. Passporting, which allows London-based lenders and insurance companies to sell their services anywhere in the single market, is unlikely to continue after the U.K. leaves the 28-nation bloc, Mark Garnier said in an interview. He added that an alternative system that’s been floated, known as equivalence, was probably not going to be “good enough” for banks.

http://www.bloomberg.com … Thu.,  27 October 2016