[theluckycountry]

Sales of gold in Singapore on the rise amid global economic uncertainty

Who is in Singapore? Some the smartest/wealthiest people on the planet that's who.

$this->bbcode_second_pass_quote('', 'S')INGAPORE: Gold dealers in Singapore have seen sales of physical bars and coins soar in the first four months of the year. In the first quarter, Singaporeans bought 2.5 tonnes of gold bullion, a 35 per cent increase compared with the same period last year – the biggest on-year jump since 2010.

Despite the precious metal’s spot price breaking US$3,000 (S$3,900) in March and surging to US$3,500 less than two months later, buyers do not appear deterred and sales are still going strong. Mr Fan pointed out that central banks have been buying huge amounts of gold for the last three years. “Central banks are ultimately much more sensitive about some of these political developments that we've been seeing. They, like other investors, also need to find ways to build more resilience,” he said.

Analysts said that with growing volatility in the world, the rush to gold looks set to continue in the mid- to long-term.

[theluckycountry]

You want to live in the Future? You want to live in a city that's safe and friendly? Well forget it. You can't afford it.

https://www.youtube.com/watch?v=QnIQtX31l_g

Meanwhile in America...

Freight Fraud, Cargo Theft, Deadly Collisions - Ghost Carriers Are Growing National Security Threat
$this->bbcode_second_pass_quote('', 'w')e see a tractor-trailer drive full speed into stopped traffic at an intersection, almost as if on purpose. Cars appeared to be vaporized in the crash, or flung aside as if toys. Two innocent motorists were killed instantly, and four others sent to the hospital... The driver of the semi, Andrii Dmyterko, 45, was arrested and charged with two counts of vehicular manslaughter. What is notable about Mr Dmyterko is that he is in the United States from Ukraine on a work visa... If this incident sounds familiar, that is because it is. Back on March 13 in Austin, Texas, a truck driver named Solomun Weldekeal-Araya crashed his truck into parked traffic on Interstate 35, killing five people, including an entire family, and sending another 11 to hospital. Mr Araya reportedly did not slow down, and his rig didn't stop until it had smashed into 17 vehicles. Mr Araya, originally from Ethiopia, was likewise in America on a work visa, and in this incident, was working for a subcontractor hauling products for Amazon.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', ' ')There is no conversation here now, just snide remarks like the one you posted. Well so be it, you can go on the foe list with adam, you never added anything of value to the place anyway.

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', '[')b]Sales of gold in Singapore on the rise amid global economic uncertainty

Who is in Singapore? Some the smartest/wealthiest people on the planet that's who.

$this->bbcode_second_pass_quote('', 'S')INGAPORE: Gold dealers in Singapore have seen sales of physical bars and coins soar in the first four months of the year. In the first quarter, Singaporeans bought 2.5 tonnes of gold bullion, a 35 per cent increase compared with the same period last year – the biggest on-year jump since 2010.

Despite the precious metal’s spot price breaking US$3,000 (S$3,900) in March and surging to US$3,500 less than two months later, buyers do not appear deterred and sales are still going strong. Mr Fan pointed out that central banks have been buying huge amounts of gold for the last three years. “Central banks are ultimately much more sensitive about some of these political developments that we've been seeing. They, like other investors, also need to find ways to build more resilience,” he said.

Analysts said that with growing volatility in the world, the rush to gold looks set to continue in the mid- to long-term.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '[')b]Sales of gold in Singapore on the rise amid global economic uncertainty

Who is in Singapore? Some the smartest/wealthiest people on the planet that's who.

[careinke]

Poor and soon to be poorer unlucky. I kinda miss calling out his stupidity since he put me on his "Enemies" list. Like today, when One BTC buys over 32oz's of gold, up from 28.4 a couple of weeks ago. Especially since BTC is "crashing" just like the other 99+ times he has made that call before. Forget about me, he needs to warn the other Whales who are busy stacking Sats.

[AdamB]

$this->bbcode_second_pass_quote('careinke', 'P')oor and soon to be poorer unlucky. I kinda miss calling out his stupidity since he put me on his "Enemies" list. Like today, when One BTC buys over 32oz's of gold, up from 28.4 a couple of weeks ago. Especially since BTC is "crashing" just like the other 99+ times he has made that call before. Forget about me, he needs to warn the other Whales who are busy stacking Sats.

[theluckycountry]

Finished your little jerk session boys?
Time to move on then.

$this->bbcode_second_pass_quote('', 'T')wo primary factors underpin gold's recent gains: significant dollar weakness and extraordinarily bullish market sentiment. Investors increasingly turn to gold as a safe-haven asset amid growing global economic and geopolitical uncertainty.

The economic concerns stem largely from the new administration's aggressive trade policies, with President Trump imposing import tariffs on nearly every major global economy. Recent economic reports indicate slowdowns in the United States, China, the European Union, and numerous other countries, fueling genuine concerns that these tariffs will trigger rising inflation.

Gold's intrinsic value becomes particularly attractive during periods of currency devaluation through monetary policies implemented by major countries worldwide. Additionally, escalating geopolitical tensions in the Middle East and between Russia and Ukraine have heightened demand for the precious metal.

Central Banks Accelerate Gold Accumulation

Central banks globally have been accumulating gold at record levels as they diversify their balance sheets away from traditional fiat currencies, including the U.S. dollar. According to the World Gold Council, global central banks purchased more than 1,000 metric tons of gold for the third consecutive year in 2024 and are expected to remain active buyers throughout 2025.

China's central bank has been particularly aggressive, increasing its gold reserves for the fourth straight month since February. Reuters reported that "China's gold reserves rose to 73.61 million fine troy ounces at the end of February from 73.45 million at the end of January." These reserves were valued at $208.64 billion at February's end, up from $206.53 billion in January.
Gary Wagner

Gary S. Wagner has been a technical market analyst for 25 years. A frequent contributor to STOCKS & COMMODITIES Magazine, he has also written for Futures Magazine as well as Barrons. He is the executive producer of "The Gold Forecast,"

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'F')inished your little jerk session boys?
Time to move on then.

[careinke]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('careinke', 'P')oor and soon to be poorer unlucky. I kinda miss calling out his stupidity since he put me on his "Enemies" list. Like today, when One BTC buys over 32oz's of gold, up from 28.4 a couple of weeks ago. Especially since BTC is "crashing" just like the other 99+ times he has made that call before. Forget about me, he needs to warn the other Whales who are busy stacking Sats.

[theluckycountry]

Buffett Liquidated Citigroup, Dumped Financial Stocks As US Entered Trade War : Full 13F Breakdown
$this->bbcode_second_pass_quote('', 'B')uffett started off the last year of his tenure as CEO of Berkshire by exiting his once-huge position in Citigroup, while also shrinking his holdings in Capital One Financial and continuing to trim his longtime stake in Bank of America. While it is still a top 5 position valued at $26.4 billion at the end of Q1, Buffett started selling his BofA stake in July last year, without providing any explanation for the move. He now owns 8.3% of the US lender and is no longer its biggest shareholder, according to data compiled by Bloomberg.

Berkshire also fully liquidated its stake in Brazil’s Nubank, which has grown into one of the world’s biggest digital banks since its 2013 founding. After aggressively selling down his stake in Apple for much of 2023 and 2024, his AAPL shares were untouched in Q1 and still represents the billionaire’s portfolio’s most valuable holding. Here is a full breakdown of what Berkshire did in Q1...

[AdamB]

$this->bbcode_second_pass_quote('careinke', '
')Of course you don't have to play. Your finance people probably already have you in crypto.

[theluckycountry]

Gold could be set for a decline



It doesn't look like much, but Gold telegraphed the GFC crash by taking a severe dip for about a year, which alarmed many of us early Gold adopters. It did recover of course, and go on to make a new high before plateauing out for many years. It had done it's job, countered, or adjusted for, the rabid inflation of the 2000's. Going up in aussie terms from $550 to $1500, a 200% increase basically. When the inflation abated so did Gold. People who didn't understand Gold didn't realize this and assumed it was a dead asset. They subsequently missed out on one of the best buying opportunities of the early 21st century as Gold rose to over aus $5000.

But it's Covid inflation rise over the past two years may be about to reverse. I'm only going on the price action prior to the market collapse of 2008 but there is a chance that might be repeated so Gold holders hang on just in case. In the long run though Gold is only going one way, up in terms of local currencies. While western governments have filled their vaults with the worthless paper Bonds of their allies the BRICS group have been stockpiling Gold, for 20 years now.

It's obvious they intend to use it as a backing for their own reserve currency, a backing for transactions between the group's members and that will make a scarce commodity even scarcer. How much Gold is above ground? Only enough to fill a volume the size of a three story house believe it of not.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'G')old could be set for a decline

[theluckycountry]

You needn't fret adam, it's only an alert for actual Gold holders, not wannabe dreamers

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'Y')ou needn't fret adam, it's only an alert for actual Gold holders, not wannabe dreamers

[theluckycountry]

Oil Tankers Go Dark Off Malaysia As Sanctioned Iranian Crude Exports To China Accelerate. Sanctioned? Their both BRICS members, the US is out of the loop now. What has this to do with Gold? Wait and see.

[theluckycountry]

Limits to Growth

Global Silver production peaked in 2016 @ 900 million oz/annum. Since then it's fallen to around 800 million. In the same time-span demand for silver has gone up and is currently around 1.2 billion oz. Tech stuff mostly, solar panels etc, but also investment demand, especially india. Where does the excess silver come from to meet this demand? Existing stockpiles, ever diminishing stockpiles.

Silver’s Supply Crisis Is Structural
https://www.youtube.com/watch?v=HZ7llN7Ik2c

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')Silver’s Supply Crisis Is Structural
https://www.youtube.com/watch?v=HZ7llN7Ik2c

[theluckycountry]

More good news! While the Silver price has broken out it's now been followed by Platinum. In the past few weeks it's shot up nearly $400 aussie to $1900. Years ago I bought a few ounces, at around $1400, and watched it go nowhere. That happens sometimes in investments of course. It's a precious metal, the most precious in fact, 20x rarer than Gold. It's uses include; electronics, automotive, dentistry, jewellery, and bullion. I have no plan to sell mine, it's a nice feeling owning a little of one of the rarest elements on Earth. Like owning a nice painting or the like.

A Platinum nugget



Beautiful isn't it. It's rarely found in such forms, typically it's mined at great expense from a handful of sites at a rate of 10 to 40 tonnes of ore being required to produce just one ounce (31.1035 grams - one troy ounce) of platinum. The process is time-consuming, often taking up to six months to process a batch of ore. Every year, around 190 tons of platinum are mined, compared to approximately 3,300 metric tons of gold. (links below)

The world’s most important deposits occur in the Transvaal of South Africa 74% of global supply. Other major deposits are found in Russia 11%, Zimbabwe 8%.

Platinum prices climbed to their highest level in two years on Friday, driven by a surge in Chinese imports, persistent supply concerns, and increasing investor interest in the metal.

https://www.azom.com/article.aspx?ArticleID=9235
https://www.britannica.com/science/platinum