Hints and tips:
...Had the 47-year-old held on to all of his bullion until now, it would be worth $120,000....
...“There have been a range of reasons for the all-time high gold prices, however, they nearly all come back to the fact that gold is a stable investment,” says Rick Kanda, managing director at The Gold Bullion...
...Since then, spot bullion prices have fallen 15 per cent to around $1,700 an ounce. Unfortunately for gold bugs, the pressure is likely to continue....
...Now bullion prices are historically high, they need to prop up production....
...The company bought bullion with the precious metals market very far from shining....
...However, other companies, including JM Smucker, have raised their retail prices in order to shore up margins squeezed by higher coffee costs....
...Hambro did not say how this might be achieved but one option, according to analysts, would be to allow investors to collect dividend payments from gold miners in bullion rather than cash, through a gold-backed...
...“It’s an odd arrangement for a private equity deal,” said Brian JM Quinn, a former corporate lawyer and now a professor at Boston College Law School....
...A version of this article was first published by Nikkei Asia on October 11 2021. ©2021 Nikkei Inc....
...The German coffee chain Tchibo said it was raising prices by 50 cents to €1 a pound, while JM Smucker, the US parent of Folgers and Dunkin’ coffee, also forecasted price increases....
...Ian Levy, the NCSC’s technical director, invoked in a blog post the 1969 film The Italian Job, where thieves shut down Turin’s traffic control system so they can rob a lorry full of gold bullion. 2....
...The London Bullion Market Association, which oversees the silver market, said more than 1bn ounces of silver was traded on Monday, more than three times the average towards the end of last year....
...The big bullion banks are traditionally short silver, but this is to hedge their holdings of silver metal in vaults....
...The move allows Tesla to invest “a portion” of its cash in “alternative reserve assets including digital assets [and] gold bullion”....
...About $6bn worth of silver traded hands in the silver market in November, according to the latest statistics from the London Bullion Market Association....
...Investors have spent $51.2bn buying gold ETFs so far this year, pushing the asset value of these vehicles to $241bn, according to the World Gold Council, the trade body representing bullion mining companies...
...Gold ETFs also drew extraordinary levels of interest, helping to push the price of bullion above $1,800 an ounce this month for the first time in nine years....
...The second-highest rise in funds benchmarked to a provider’s indices have been secured by the London Bullion Market Association, at $49bn, thanks to a rush into gold ETFs....
...JM Bullion, another US-based precious metals retailer, said customer orders would be delayed by 15 days, and introduced a minimum order size....
...A bittersweet victory for the likes of Kraft Heinz, Campbell Soup and JM Smucker. (New York Times) News round-up The CEO’s coronavirus conundrum: how much pay to sacrifice?...
...Other consumer food giants were also weaker: •JM Smucker down 4.2 per cent to $120.40 •ConAgra Foods down 3.8 per cent to $35.03 •Campbell Soup down 2.9 per cent to $41.84 •Hershey off 2.15 per cent...
...JM...
Popular bullion ETFs also dragged down by the sector’s broad decline
...And if you can’t buy bullion, buy shares in miners. That said, equities have proven to be an imperfect match for gold bars....
...Kraft Heinz rose 1.7 per cent at $89.49, JM Smucker gained 1.5 per cent to $141.79 and Hormel Foods added 1 per cent to $38.26....
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