As central banks look to diversify away from the U.S. dollar, the participants said that “interest rate levels,” “inflation concerns,” and “geopolitical instability” continue to be the leading factors in central bankers’ reserve management decisions, relatively in line with the responses last year. According to the survey, central banks are motivated to hold gold because […]
The gold mining industry is struggling to sustain production growth as deposits of the yellow metal become harder to find, said the World Gold Council. According to data from the international trade association, mine production inched up only 0.5% in 2023 compared to a year ago. “It’s getting harder to find gold, permit it, finance
By offloading US treasuries and increasing its gold reserves, China aims to shield its economy from potential US economic sanctions and maintain financial stability. This historic move, the largest sell-off initiated by China, coincides with a broader trend of BRICS countries offloading US treasuries since 2022. This move is seen as an attempt to diversify
China’s Historic Dump of $53 Billion US Treasuries Is Unprecedented Blow to US Economy Read More »
“It’s hard to believe, but the world is beginning to lurch toward a gold-based monetary system,” Forbes wrote in an article published May 21. “This, despite the fact that the historical gold standard is held in almost universal contempt by economists and financial officials.” He said that despite the many myths and pervasive ignorance surrounding
Signs That a Global Gold Standard is Gaining Traction – Steve Forbes 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 »
Financial markets are about to witness one of the most epic migrations of capital in history as investors rush into hard assets, warned Larry McDonald. With the national debt approaching $35 trillion, there are only two ways out of the situation — defaults or printing more money. A commodity bull market will dominate the financial
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 »
Two Common Questions: Is Gold Better Than Silver? Is Silver Better Than Gold? Without getting too technical or talking through hypotheticals, let’s explore the most basic similarities and differences between gold and silver. Both gold and silver are precious metals that have been used as money and for jewelry for thousands of years. They
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 »
