Social Gold Mine

A large part of gold’s rise in the last month, but significantly so in the last week, has been due to the tensions over Ukraine between Russia and the West. Yesterday Crimea voted, overwhelmingly, to become a part of Russia. Overnight the gold price touched highs of $1,392.oz. Today it has returned to levels around $1,375 as trade is quiet on Comex and the yellow metal moves slightly lower. Is this because the stand-off between Russia and the West is subsiding somewhat as both parties realise they have too much to lose.

Wondering what tensions between Russia and the US really means? Who is the biggest threat to whom? In this great interview with USA Watchdog, Jim Sinclair outlines what is and isn’t possible. 

This last week has seen some interesting numbers released in the gold world. Last week it was the March holdings by central banks, thanks to the World Gold Council. Today it is the turn of gold production in the US which was down in 2013. This isn’t so surprising given the fall in the gold price and the fall in gold demand from the West. 

And finally, some St Patrick’s Day fun for you.

And finally (again), Max Keiser gives us the real lowdown on what Russia could do to the financial markets.

About the Author

Jan SkoylesJan Skoyles is Head of Research at The Real Asset Company, a platform for secure and efficient gold investment. Jan first became interested in precious metals and sound money when she met Ned Naylor-Leyland whilst working alongside him in the summer of 2010. Jan then went on to write her undergraduate dissertation on the use of precious metals in the monetary system. After graduating from Aston University in 2011 Jan joined The Real Asset Co research desk. Her work and views are now featured on a range of media including BBC, Reuters, Wall Street Journal, Mail on Sunday, Forbes and The Telegraph. She has appeared on news channels including Russia Today to discuss the gold price and gold investing. You can keep up with Jan's commentary by subscribing to our RSS feed Gold Investment News.View all posts by Jan Skoyles