We are two days away from the Biden administration taking the reigns of America’s government, which of course has a direct impact on the U.S. economy and, for that matter, the world’s economic future.

However, not all the action is in D.C. Things are happening in the precious metals market, and we have some great articles for you today.

From all of us at Gold & Silver Central—have a fantastic week!

Now let’s dig in…

Latest News
Chow Tai Fook: How a Single Shop in Macau Grew to Be the World’s Largest Gold and Jewelry Chains

In the Victoria Dockside development on Hong Kong’s harbourfront are two very different iterations of the Chow Tai Fook brand. Down in the basement of the K11 Musea mall is one of the jewellery retailer’s many stores – a reassuring, somewhat predictable sight at malls in Hong Kong and across China. On an upper floor, meanwhile, is a VIP showroom, all airlock doors, sensational harbour views, five-star hotel decor and lavish display cases. It’s an illustration of the range of customers the company welcomes, and a reminder of the journey Chow Tai Fook has made since its humble launch selling a single product.

Stock Market
Precious Metals, The Greenback, Energy – Connecting the Dots This Week

Is currency debasement good for the dollar? It is a question worth asking after the greenback spiked for a second straight week on President-elect Joe Biden’s $2 trillion coronavirus stimulus plan. Gold, the proven hedge for inflation, meanwhile, took another dive for its worst two-week outing since November. The dollar’s rally on Friday was particularly mind-boggling given the retreat in yields on the U.S. Treasury’s United States 10-Year - which had been the catalyst for the greenback’s strength since the start of the year.

Commentary
Does Gold Investing Make Sense Now?

Gold is an interesting asset class to think about for a portfolio. Does it make sense to buy gold? In this article Jaz Harrison shares some of my own thoughts on it.

Commentary
Precious Metals Off to Rocky Start in 2021: Could This Be a Good Sign?

It’s been a rough start for precious metals in 2021, but lower prices and strong fundamentals make a case for buying the physical dip. This week, host Craig Hemke sits down with Chris Vermeulen of the Technical Traders to break down all the gold and silver news you need to ride the bull all the way to the end. “It’s been a pretty choppy start. Obviously, it started out with a bang, but now we’ve got the new stimulus plan getting digested in the markets today, and that is definitely playing a toll. When we look at the equities market, it was getting a little weak in the knees the last couple days. The short-term sentiment and indicators were kind of saying, hey, the stock market’s ready for a bit of a pullback to the 20-day moving average. That’s where the SP 500 is hitting today…”

International
India Gold Discounts Shoot Up Fast; Prices Reach Record Highs

Physical gold discounts in India widened to their highest in almost three years this week as local prices surged to record peaks, while Asian hubs, barring China, saw aggressive selling from customers as global bullion rates scaled a 6-year peak. The price of gold in India hit a record high of 35,430 rupees per 10 grams on Friday, tracking gains in the world market and helped by a weak rupee. Dealers this week were offering a discount of up to $15 an ounce over official domestic prices, the highest since September 2016. Dealers offered discounts of about $7 last week. The domestic price includes a 10% import tax and 3% sales tax. "Even after offering $15 discount, jewellers are not ready to make purchases," said a Mumbai-based dealer with a bullion importing bank.

Commentary
[VIDEO] Dear Governments, Spend as Much as You Can

In this video, SD Bullion takes a look at gold and silver and how Biden’s economic plans will affect the precious metals market.

WATCH VIDEO

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Gold Silver Central