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We kick off this new week with precious metals news, economic news, and commentary from credible sources. For example, we have for you today a forecast from ANZ Bank that is making a bullish prediction on gold. We also brought a deep dive into the pension system as a whole, and how dependent both private and public pensions may become on precious metals investments to help them stay afloat.
Let’s dig in…

Economy
Can Gold Save Pension Funds from Disaster?
Public and private pension plans are severely underfunded—one estimate puts pension systems as a whole (both public and private) are $638 billion in the red. Some are in better shape than others, but ALL pension plans will have to reckon with a second huge challenge going forward. What is this giant obstacle in front of pensions going forward? The fact that they are entirely unable to meet their stated return objectives by owning conventional “safe” interest-bearing instruments such as Treasury bonds. The Federal Reserve has effectively declared war on savers by vowing to hold short-term interest rates near zero. Their plans are likely to say in place for years.
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Latest News
VIDEO: Digital Gold Part 1
Here is the first of a three part series on the topic of digital gold, brought to you in a webinar hosted by Sakhila Mirza, LBMA Executive Board Director discusses the case for Digital Gold with Daniel Masters (Executive Chairman, Coinshares) and Peter Grosskopf (CEO, Sprott). There are over 70 gold-backed tokens in existence today, with the top two having a market cap of $150 million between them. Is this enough in a multi-trillion dollar gold market and successful ETFs? Here is what Danny and Peter have to say.
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Economy
Here’s How Precious Metals Provide a Hedge and Insure Against Inflation
Out of the handful of countries where hyperinflation skyrocketed, making national currency worthless, Zimbabwe is perhaps the most infamous. Headlines have pegged the economic issues plaguing the nation north of South Africa squarely on the late President Robert Mugabe, but playing political scapegoat doesn’t change the fact that numerous macroeconomic factors have contributed to Zimbabwe’s plight. Even if the world and even its neighbors have written Zimbabwe as a failed state, a recent headline in a major media outlet points just how valuable precious metals are. Russian and Zimbabwean investors behind a $2 billion mining project got some great news as…
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International
3 Reasons Why You Should NEVER Buy Gold Coins from Banks (in India)
With gold prices in India looming around Rs 50,000 per 10 grams, you may have reconsidered your investment portfolio to include the precious metal in it. It is likely that your relationship manager at the bank is also be pitching gold coins as a good investment option or for your child's wedding. However, if it is your first gold purchase at a bank, you may want to rethink. If you have completed KYC (Know Your Customer) formalities with the bank, you can just walk into a branch of your bank and purchase gold coins. Some banks also allow such a purchase from the net banking portal.

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Commentary
ANZ Bank Forecasts Gold Reaching $2300 Early Next Year
Gold (XAU/USD) continues to benefit from the reduced haven demand for the US dollar and strategists at ANZ Bank forecast the yellow metal reaching the $2,300 level at the beginning of 2021… READ MORE
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International
Germany Rallies to Precious Metals: Will Their Gold Rush Continue?
Nobody buys as much gold as the Germans. Precious metal traders expect the best year ever. But investors keep making mistakes when buying. READ MORE ([link removed])
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Gold Silver Central

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