“This was also comfortably within the 20-60t range of reported purchases which has been in place over the last ten consecutive months of net buying,” (Wrote Krishan Gopaul, Senior Analyst at the WGC.) (Kitco News) After a record-setting year in 2022, central banks remain very interested in gold at the start of 2023, according to the […]
Central Banks Continue to Scoop Up Gold in 2023 Read More »
The Dollar’s Dominance of Global Trade and Reserves is Facing Several New Threats Getty Images The dollar’s supremacy in global trade faces fresh challenges as several countries float plans to use local currencies in commerce. Russia and Iran are working to create a gold-backed stablecoin, while China is increasingly using the yuan in its oil trades.
Dollar Dominance Under Threat: 5 New Challenges to the Greenback’s Reign Read More »
Russia and Iran are working together to launch a cryptocurrency backed by gold, Vedmosti reported. The stablecoin could replace the US dollar for payments if Russia legalizes crypto in crossborder trade. A “de-dollarization” trend has already begun as the greenback’s dominance makes purchases more expensive. Russia and Iran are working together to launch a cryptocurrency backed
Dollar Dominance: Russia, Iran Eye Gold-Backed Stablecoin for Foreign Trade Read More »
Stagflation is Now the Consensus Expectation of Asset Managers for 2023 “Bridgewater Associates is the world’s largest hedge fund. Bridgewater’s chief investment strategist, Rebecca Patterson, is another of the voices saying that stagflation will be the economy’s base case through at least the near term. That’s not all she’s been saying, however. Patterson also has
“Gold is a Stagflation-Fighting Asset” Read More »
Russian puts the ruble on the gold standard. This move to encourage domestic gold inflows to the Russian Central Bank. How Russia has weaponized its gas trade with Europe to strengthen its currency? Russia to declare the ruble as a substitute for Gold. Trump said that Putin is a really smart leader. Well, he said
