Gold has now surpassed the euro to become the number two reserve asset held by central banks, and sustained sovereign buying will likely impact the growth of the global gold supply going forward, according to new data published by the European Central Bank (ECB) on Wednesday. In Gold demand: the role of the official sector and […]
The very public feud between U.S. President Donald Trump and the world’s richest man, Elon Musk, is now raising questions about the future of the Department of Government Efficiency (DOGE) and its promise to examine America’s gold holdings in Fort Knox. However, Congress does not appear to be giving up on the prospect of a
Forget Elon Musk and DOGE: Now Congress is Looking to Audit America’s Gold in Fort Knox Read More »
China’s gold imports through Hong Kong nearly tripled month over month in April, the Hong Kong Census and Statistics Department announced on Monday. Net imports to China via Hong Kong stood at 43.462 metric tons in April, up from the 4.889 metric tons in March, representing the highest level since March 2024. China’s total gold
Gold prices caught a new safe-haven bid in the final minutes of the trading week after rating agency Moody’s downgraded the U.S. credit rating by one notch. After the close on Friday, the agency lowered U.S. debt to Aa1 from Aaa, citing rising interest costs and unsustainable debt growth. At the same time, it revised
Gold Ends the Week at $3,200 as Moody’s Downgrades US Sovereign Debt Read More »
Something unusual is happening behind the scenes. In the first two months of 2025, the U.S. imported more than 600 tons of gold from major European vaults in London and Switzerland, according to the World Gold Council. Despite this massive movement, most economists brushed it off as a quirk in the numbers—perhaps large banks getting
America Is Quietly Importing Gold—What Do They Know That We Don’t? Read More »
Federal Reserve Chair Jerome Powell and President Donald Trump outside the White House. Drew Angerer/Getty Images President Donald Trump has hit out at Fed chair Jerome Powell for not cutting interest rates faster. Fresh fears about the central bank’s independence hit stocks, bonds, and the dollar on Monday. Wall Street figures said Powell might be
Gold prices hit $3,200 for the first time on Friday. Trump’s tariffs and China’s retaliatory action have roiled global markets. A BlackRock strategist said gold was a better hedge than Treasury bills amid the market turmoil. Gold hit another record high above $3,200 on Friday — and is a better way to protect against the ongoing
Several surveys from 2008 and 2020 estimate that only 10.8% to 12% of Americans own physical gold. The simple truth is this: Americans are just beginning to wake up. Physical gold has been the most sought-after form of wealth, diversification, and money throughout history—valued across every culture and era. It has served—and continues to serve—as
Physical Gold is The Ultimate Hedge & a Critical Diversifier Read More »
MSN (Kitco News) – A rare convergence of gold demand from both Eastern and Western economies is fueling a significant rally in the precious metal, and silver is on the cusp of a major move back to its all-time highs, according to Tavi Costa, Partner & Macro Strategist at Crescat Capital. Speaking at the PDAC
MSN The Federal Reserve just posted another massive loss. This time, it’s $77.6 billion for 2024. That brings the total damage under Powell to $192 billion in just two years. The central bank released its audited financials on Friday. It’s the second straight year of red ink, following a $114.3 billion loss in 2023. This
