The global secondhand luxury market is projected to reach $360 billion by 2030, up from $210 billion currently. Trust and verification are becoming central to the secondhand luxury experience.
The danger is that gold is in the grip of the sort of speculative excess that creates bubbles in other parts of the financial system.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Big tech and the precious metal have enjoyed a scintillating run. But the equal-weighted S&P 500 still looks attractive.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
The other day I was driving my mother from the airport, and I asked her what she thought about the current price of gold, which was hovering around $4,000 a Troy ounce. She said that when she got married (in the early 1960s), the price of gold in India was around Rupees (“Rs”) 120 per “Tola” – she said she remembered it well since her father said at the time it was quite expensive, having recently gone up a lot in price (for a history of gold in India see, for example, here), but still worth owning.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
A look at crucial indicators of investor risk appetite.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Wishbone Gold PLC (AIM:WSBN, AQSE:WSBN) has provided an update on exploration activities at its Red Setter gold project in Western Australia, where diamond drilling on the second hole has been completed at 950 metres. Core samples will now be dispatched to ALS Laboratories in Perth for assay, the company said.
Gold's long-term uptrend remains intact, UOB's Global Economics & Markets Research. said.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.