Gold in the News

August 2016

Financially Engineered Wealth

Tiago André Aug. 15, 2016 11:14 AM ET Financial theory tells us that as the discount rate goes down asset prices go up. Central banks are artificially pushing asset prices higher with their zero interest rate policy. Monetary policy has failed to create jobs but has increased disparity between rich and poor and unfairly transferred wealth from savers to debtors. The problem is not that asset prices are overvalued. The problem is that nobody wants to have money because it is worthless. Central Banks are [...]

May 2016

LCR Coin Partners With The Royal Canadian Mint

LCR Coin is proud to announce it has been chosen by The Royal Canadian Mint to join their exclusive Bullion DNA Dealer Program. The Royal Canadian Mint is the Crown Corporation responsible for the minting and distribution of Canada’s circulation coins. An ISO 9001-2008 certified company, the Mint is recognized as one of the largest and most versatile mints in the world, offering a wide range of specialized, high quality coinage products and related services on an international scale. The Canadian [...]

China smells blood as Venezuela accelerates gold sell-offs

Venezuela’s $1.7bn gold sell-off in the first quarter of 2016 has made them a prime target for ’conquest by capital’ from their primary global financier, China. Wednesday night, the Financial Times reported that Venezuela’s gold reserves “plunged to their lowest level on record” after their central bank made the decision to sell 1.38-million ounces of gold, the equivalent of 43.1 tons (US) or 39.1 tonnes (UK). According to the World Gold Council, Venezuela has the world’s 16th-biggest gold reserve, sitting on [...]