Gold-backed, Sharia-compliant cryptocurrency launches in SA

A gold-backed cryptocurrency, which is called OneGram and is Sharia-compliant, has launched in South Africa to make cryptocurrency attractive to the Islamic community. The company was started last year as a bridge between commodities and crypto. The Muslim community is sceptical about cryptocurrency because the Sharia principles emphasise actual economic activity based on real assets, not speculation, so to limit speculation every OneGram cryptocurrency unit is supported by at least a gram of physical gold stored in a vault. Read more

 

China Ready to Unveil Its Devastating Economic Gold Arsenal

The United States’ superpower status may be in large part be due to its military superiority, economic prowess, and culture of innovation. But as China’s power evolves in all three areas, the global balance of power that has stood well over a century is about to change. Read more

 

US Mint Sold Out of 2018 American Gold Eagle Silver Coins

Last Thursday morning, on September 6, the United States Mint announced that it had temporarily sold out of its 2018 American Silver Eagle Bullion Coins due to unusually high demand. All coin orders prior to the announcement would be honored and shipped. This inventory sellout marks an unusual shift in investor sentiment, one that signals a bullish reversal from its current state of bearishness. Read more

 

Gold-to-silver price ratio at 23-year high of 84.78 amid trade war fears

The gold-to-silver ratio has risen to a 23-year high of 84.43, indicating that silver has received heavy pounding in recent times. The ratio represents how many ounces of silver can be bought with one ounce of gold and it is a signal for measuring the relative strength of both the metals compared with each other. Several traders trade in the ratio, including in India, when they have different views on both the metals. Silver is a high beta or much more volatile commodity than gold and the ratio keeps changing. Read more

 

‘Don’t Focus On Making Money, Focus On Protecting What You Have’

Gold remains weak after the solid US jobs report. Speculators are short Comex gold for a 10th consecutive week, the CFTC shows. ETF investors continue to cut their gold holdings; maybe to buy silver? Being a gold bull this year is no fun. Silver bulls feel even more the pain. Against this, it is essential to focus on protecting what I have, rather than focusing on making money. Read more

 

Here’s why one analyst just made a ‘rare’ call to buy some gold

Is it time for one of the market’s most traditional hedges, which has fallen out of favor in 2018, to get another look? Gold prices have tumbled in 2018, dropping despite fears of a global trade war and turmoil in emerging-market economies. Such issues are risks that the market has mostly shrugged off, with the S&P 500 returning to record territory late last month, but the precious metal could be well positioned to provide some safety in the event those factors escalate and start to have a bigger impact on equities, said one analyst. Read more

 

Gold falls on technical resistance, U.S.-China trade war fears

Gold fell on Wednesday, but remained stuck in a narrow trading range as investors worry about a simmering trade war between the United States and China. The trade conflict between Washington and Beijing has prompted investors to buy the U.S. dollar in the belief that the United States has less to lose from the dispute. Read more

 


The risk of loss in the trading of stocks, options, futures, forex, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and FX involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.