China has launched its CBDC and continues to invest heavily in gold. There is palpable tension among Western central banks to keep up and assert their dominance. The introduction of central bank digital currencies (CBDCs) seems inevitable, with significant potential repercussions for the gold market. While touted for their convenience and efficiency, CBDCs also herald […]
How Will CBDCs Impact Gold Prices? Read More »
Is Gold a Better Investment Than Silver? Is Silver a Better Investment Than Gold? We Frequently Hear These Two Questions. Without getting too technical or talking through hypotheticals, let’s explore the most basic similarities and differences between gold and silver. Both gold
Is Gold Better Than Silver or Vice Versa? Read More »
China takes up over two-thirds of all the annual production…That’s where the gold price is set. During the first two months of 2024, China imported 367 metric tons of gold for non-monetary use. That was a 51 percent increase from the same period in 2023. Gold jewelry, coins, and bullion sales in China rose 24
Could the Shift of Gold West to East Set the Stage for a New Gold-Backed Currency? Read More »
Gold is up 40% from Oct 2022 lows. Central banks emerged as a driver of this multiyear rally by buying gold bullion at unprecedented levels. Historically, prices track holdings in bullion-backed exchange-traded funds, a proxy for Western demand. However, that logic was turned on its head as gold gained in the face of persistent ETF
Gold Continues to Boom. The Major Buyer: Central Bankers Read More »
“It is held by central banks for this reason,” he said. “In fact, gold is the third-most-held reserve currency by central banks.” Ray Dalio, the former Bridgewater Associates CEO said he is holding gold as a hedge against a potential debt crisis and higher inflation. The IMF projects that public debt in the world’s two
Canadian mining legends Frank Giustra, CEO of Fiore Group, and Pierre Lassonde, Chairman Emeritus at Franco-Nevada, say the West has lost its power to set the price of gold. “The marginal buyer of gold is no longer the U.S. It’s no longer Europe. It’s China. Between the country’s central bank and the Chinese public, China
Gold Price Hits New Record Highs as the West Loses Price-Setting Powers Read More »
Europe is entering a “prewar” era, cautioning that the continent is not ready and urging European countries to step up defense investment, said The Polish prime minister, Donald Tusk. Tusk said: “I don’t want to scare anyone, but war is no longer a concept from the past. It’s real and it started over two years
Europe Must Get Ready for Looming War, Donald Tusk Warns Read More »
“Gold continues to play a critical role in the global financial system, serving as a hedge against inflation, a safe haven asset, and a reserve asset for central banks,” Alimukhamedov notes in the introduction. “The role of gold as a reserve asset for central banks has been a significant driver of demand for the precious
World Bank Reveals Why Central Banks Are Dumping Greenbacks for Gold Read More »
In the last two years central bank gold purchases as its share in global demand has tripled, representing between 25% and 30% noted by Commodity analysts at ANZ. “[Emerging market] central banks could purchase over 600 tonnes of gold annually until 2030, to take its share in their foreign reserves to 10%. China will likely
Central Banks Are Turning To Gold As They Lose Faith In Bonds – ANZ Read More »
Gold prices saw a 15% gain, despite challenging headwinds as the Federal Reserve maintained its aggressive monetary policies, supporting the higher bond yields and the U.S. dollar. The World Gold Council published its 2023 fourth quarter and full-year gold demand trends report, saying that annual gold demand, excluding over-the-counter markets, totaled 4,448 tonnes, a 5%
Central banks and OTC markets drive record gold demand in 2023 – WGC Read More »
