Today’s metals news includes a little espionage. If you like 007 movies, you will want to read the article at the bottom that reveals how the country of Qatar is using gold markets in Uganda to fund Hezbollah…we also found a commentary from Morgan Stanley that points out something interesting about millennial investors…and if you’re wondering how long the gold bull rush is going to last, we have something on that for you, too.

Let’s dig in…

Commentary
This Demographic Prefers Bitcoin Over Gold

Older investors are more likely to stick to traditional assets (like gold), while the millennial investors are the ones jumping into crypto currencies, says Ruchir Sharma, Head of Emerging Markets and Chief Global Strategist at Morgan Stanley. This generational divide falls into two camps—the Boomers and GenXers tend to stick by stocks, bonds, precious metals, real estate, and other traditional investments. The younger investors (under 40 years of age) are the ones flocking to Bitcoin these days. “I think some of the older [investors] are still buying gold, and millennials are buying more of the Bitcoins and the cryptocurrencies,” said Sharma. Part of the younger generation’s drive to look towards crypto may be related to…

International
Introducing: Africa’s Gold Standard

Rand Refinery, a single-site precious metals refining and smelting complex is a South African heritage asset with a rich history spanning 100 years. Over this period, it has remained integral to the gold value chain in South Africa and on the continent. A partner to some of the world’s biggest bullion banks and gold mines, Rand Refinery’s impact and influence are not limited to its wide range of products, but the role it plays in setting standards for the industry.

Check Out Rand Refinery

Economy
The Dollar’s Recent Surge Prompts Gold Investors to Wait Patiently

A strengthening U.S. dollar is keeping the price of gold in check currently; however, one market strategist says the dollar surge is less about a change in fundamentals in the U.S. economy and more about a weakness in other countries. On Wednesday, George Gero, Managing Director at RBC Wealth Management, said that expectations of further stimulus measures from the European Central Bank are putting a lid on the euro. Meanwhile, the rising economic uncertainty over Britain’s plan to leave the European Union is dragging down the British pound. The shifting expectations… READ MORE

Commentary
Why Gold’s Bull Run Does Not Appear to Be Stopping Anytime Soon

The gold market is moving sideways, holding around $1900 per ounce, but it’s not done rising, and one investment firm believes the uptrend won’t be stopping anytime in the near future. In a commentary last week, Talley Leger, Investment Strategist at Invesco, said the fundamental outlook for gold that has driven prices to nearly double since the lows of late 2015 will continue for the foreseeable future.

Commentary
Get Ready – Inflation Will Push Silver Prices to All-Time Highs at $50

Gold investors are not the only folks who should be keeping an eye on potential inflation rates rising—as one market analyst notes—silver could rise to a new record high as real interest rates push further into negative territory. In a report published Monday, Jonathan Butler, a precious metals analyst and head of business development at Mitsubishi, pointed out in his report that silver prices rallied 14% in August as rising inflation pressures pushed real interest rates to below negative 1%. READ MORE

International
Qatar Using Gold Markets in Uganda to Fund Hezbollah Arsenal

Many believe that Qatar’s support for Hezbollah poses a threat to many around the world. They are supporting Hezbollah by operating a funding network for arms shipments from Europe and Hezbollah using gold shipments traded through Africa. This is according to the latest revelations on the country’s relationship with the militia. The Austrian-based think tank Mena-Watch published details on Tuesday of... READ MORE

Thanks,
Gold Silver Central