Gold ETFs See Strong Demand

By Mark O’Byrne – Re-Blogged From Gold Eagle

Gold ETFs saw inflows in volatile October as investors again hedged risk
– Gold ETFs see demand of 16.5 tonnes(t) in October to total of 2,346t, the equivalent of US$1B in inflows
– Global gold demand was robust in Q3 – demand of 964.3 tonnes – plus 6.2t yoy
– Strong central bank and store of value coin and bar demand offset the gold ETF outflows in Q3
– Central bank gold reserves grew 148.4t in Q3, up 22% yoy
– Gold coin and bar investors took advantage of the price dip and demand for gold coins and bars rose 28% yoy

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Saving Venezuela

   By Bob Shapiro

Venezuela used to be a relatively rich country. Today, it has a nominal GDP around $100 Billion, a population around 32 million, a labor force of 14 million, and unemployment over 30%. GDP fell last year by 14%, and inflation is so high that official statistic are meaningless. 87% of the population is described as living below the poverty line.

Through the many recent years of socialism in Venezuela, the government has racked up deficits and debt that defy reality. With recent low oil prices, and government mismanagement of the industry, revenues have fallen so much that, if the Central Bank didn’t print money with wild abandon, the government would have had to declare bankruptcy long ago.

Image result for venezuela

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An Interview With GoldCore Founder

By Mark O’Byrne – Re-Blogged From http://www.Gold-Eagle.com

Uber-bull predictions of gold at over $5,000 per ounce are not beyond the realms of possibility…”

So says GoldCore founder and self-confessed gold bug, Mark O’Byrne.

Indeed, I recently caught up with Mark to get his thoughts on gold and what’s going on with it right now…

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Vanishing Lady Liberty

By Guy Christopher – Re-Blogged From http://www.Gold-Eagle.com

The very first word anyone ever saw on a circulating United States coin was the word “LIBERTY.”

From half-cents to silver dollars, each featured the likeness of an unnamed woman. The images varied, thanks to different engravers, but together they became recognized as Lady Liberty.

Many, maybe most, of young America’s citizens were illiterate. “Liberty” may have been the first word they ever learned to read.

If not, they surely knew her face. The Revolutionary War for them was not ancient history.

The Founding Fathers knew all gold, silver, and copper is sound money and didn’t mind that American coinage circulated alongside colonial and foreign coins depicting kings and queens.

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