On this Tuesday edition of Gold & Silver Central’s precious metals news, our choice of articles today demonstrates our belief in giving you a well-rounded selection of articles.

We have no hidden agenda. Our philosophy is to provide investors with a variety of viewpoints so you can see both sides, which we believe makes you a stronger investor. For example, today we have one expert who is bullish on gold and thinks it will reach $2600/ounce. We also have for you an opposite perspective—one that claims gold will continue to slide in a similar way that it fell in 2013.

We hope you enjoy today’s (and every day’s) inclusive, versatile collection of daily curated news from credible and excellent precious metals news sources.

Let’s dig in…

Commentary
Financial Expert Says Gold Could Hit $2600, and He’s Bullish on Certain Cryptos

Frank Holmes covers gold ($2600 is ‘very doable’), Bitcoin, Ethereum, and more. Holmes contends another 40% move in gold in 2021 is possible, and he’s forecasting a range of $2200 to $2600 an ounce. Holmes also talks about cryptocurrencies and why he is bullish on them. Bitcoin will be driven by increased adoption, while Ethereum benefits from the latest developments in DeFi.

WATCH VIDEO

International
Meet the Children Working in Deadly, Illegal Ghana Gold Mines

The Times investigates the shady supply chain of gold stretching from west Africa’s hazardous gold mines through Dubai and on to Europe. The mines use child laborers, and these children’s lives are at stake working in illegal conditions.

Stock Market
'Digital Gold' Becomes New War Zone For PhonePe, Google, Paytm, And Amazon In India

PhonePe has emerged to be the largest platform for buying 'digital gold' with over 35 per cent market share. So far, customers from over 18,500 pin codes across India have bought gold on PhonePe, mainly from small towns and cities. Despite one of the most stringent lockdowns imposed in India in the wake of the COVID-19 lockdown, digital payments applications like PhonePe, Amazon, Google, and Alibaba-backed Paytm saw a boost in their businesses. Now, with the ‘digital gold’ becoming popular, the payments apps are competing with each other for the biggest share of the new market.

Commentary
Who Has More Gold? China or the United States?

While most on #WallStreet still see the US as king and have no cause for concern about the Fed, there is growing evidence that at this point, China has accumulated even more gold than the United States. Nick Barisheff talks about why he thinks this is the case.

WATCH VIDEO

Commentary
Here’s Why Gold Will Continue to Slide Like 2013

Gold’s rallying days appear to be numbered based on its self-similar pattern. Gold is moving almost exactly as it’s been moving between 2011 and mid-2013. The current moves are much faster but other than that, history appears to be repeating itself, and the implications are bearish. Let’s take a look at gold’s chart for details.

Price
Why the Global Silver Jewelry Market is Being Impacted by Pandemic and Higher Silver Prices

Silver’s use in jewelry is an important demand source for the precious metal. In 2019, 200.2 million ounces (Moz) of silver were consumed in this sector, which was just shy of the record high of 201.9 Moz posted in 2018. Although silver jewelry consumption currently accounts for 20 percent of total silver demand, it is projected to rise to a quarter of global silver demand by the mid-2020s, further underscoring the popularity and desirability of silver jewelry among leading designers and fashion-conscious consumers. Against this backdrop, a new publication released today by the Silver Institute, Silver Jewelry Report, assesses the current state and prospects of the top silver jewelry fabricating markets, including the U.S., India, Europe and East Asia. The report was produced by Metals Focus, the global precious metals consultancy.

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Gold Silver Central