Goldbroker ™ https://goldbroker.com/author/goldbroker-tm The Bank of France (BdF) has quietly completed the repatriation of French gold still held in the United States, bringing to an end nearly a century of partial storage abroad. The operation covered 129 tonnes of precious metal — around 5% of the country’s total reserves — previously held at the Federal Reserve Bank of New York. Rather than physically transporting the gold bars to France, the institution opted for a more efficient financial solution. Between July 2025 and January 2026, it sold older bars that no longer met current international standards, before purchasing modern, standard-compliant bullion in Europe. The newly acquired gold has since been stored in the Bank of France’s vaults in Paris. This strategy allowed the central bank to avoid the costs and logistical constraints associated with refining and transatlantic transportation. It forms part of a broader reserve modernization program launched around two decades ago and reinforced by a 2024 internal audit... Tue, 07 Apr 2026 11:35:22 +0000 https://goldbroker.com/news/bank-france-repatriates-gold-usa-secures-13-billion-euros-gain-3695 For more than five millennia, humanity has been captivated by gold — the immutable metal that has illuminated temples, crowned emperors, and underpinned monetary systems. Its story is as much about economics as it is about psychology. Across the centuries, gold has functioned as currency, ornament, reserve, and metaphor — embodying the human desire for permanence in a world of change. In an age of crypto assets, artificial intelligence, and central bank digital currencies, its persistence raises a question both ancient and modern: Why does gold still hold value? Gold’s legacy as a standard of value began long before modern finance. The Lydians were among the first to mint gold coins in the seventh century BCE, transforming trade through standardization. Ancient Egypt and Rome regarded it as divine, associating its incorruptible gleam with eternity. In economic terms, its durability, scarcity, and divisibility made it uniquely suitable for money. It did not rust, could b... Wed, 28 Jan 2026 06:15:07 +0000 https://goldbroker.com/news/gold-retains-enduring-value-era-digital-assets-3647 It seems to me indisputably true that gold is a money and it is the money that is least at risk of being devalued and/or confiscated. Here’s why I believe that’s true. Gold has been valued as money over thousands of years and in almost all countries, while all other monies have come and gone. Here is how it has worked and still works. Throughout history all monies (i.e., currencies) have been either: “Linked/hard-asset-backed” currencies, meaning linked to gold or linked to something similarly limited in supply and globally valued, like silver. These currencies were government promises to allow people or governments to exchange their “paper” money for the gold (or for the other “hard” thing, like silver) at a fixed exchange rate, or “Fiat” currencies, meaning currencies that are not linked/backed by anything, so they aren’t limited in supply. Looking at history across countries, when there was gold-linked/backed money and too much debt (i.e., too many commitmen... Tue, 23 Dec 2025 06:32:02 +0000 https://goldbroker.com/news/ray-dalio-gold-safest-money-3633 Italian lawmakers are pushing ahead with a controversial claim that the central bank’s $300 billion in gold reserves should be declared state property, despite fears it could violate European Union regulations. Lucio Malan, a Senator from Prime Minister Giorgia Meloni’s Brothers of Italy party, stated on Radio 24 that the purpose of the initiative was to ensure the gold reserves are not misused in the future, according to a Reuters report. Malan said: “Not even the Bank of Italy can do whatever it wants with the gold.” The Bank of Italy holds one of the world’s most substantial national gold reserves, ranking as the third-largest stockpile globally, surpassed only by the US and Germany. This impressive reserve amounts to 2,452 metric tons of gold. To put this into perspective regarding its economic significance, this quantity of gold is equivalent to approximately 13% of Italy’s national output, underscoring its importance to the nation’s financial standing and pe... Mon, 01 Dec 2025 12:14:36 +0000 https://goldbroker.com/news/eu-conflict-looms-italy-moves-declare-gold-reserves-state-property-3638 China's unreported gold purchases could be more than 10 times its official figures, as the country quietly tries to diversify away from the US dollar, say analysts, highlighting the increasingly opaque sources of demand behind bullion’s record-breaking rally. Publicly reported buying by China’s central bank has been so low this year – 1.9 tonnes purchased in August, 1.9 tonnes in July and 2.2 tonnes in June – that few in the market believe the official figures. 🇨🇳 China Gold Reserves : 2,304 tonnes https://t.co/OgDpQ0KltP pic.twitter.com/5z0A8rT5zo — GoldBroker (@Goldbroker_com) November 12, 2025 Analysts at Societe Generale estimate based on trade data that China’s total purchases could reach as much as 250 tonnes this year, or more than a third of total global central bank demand. The scale of the country’s unreported purchases highlights the growing challenges facing traders trying to work out where prices go next, in a market increasingly dominated by... Wed, 19 Nov 2025 13:53:43 +0000 https://goldbroker.com/news/china-unreported-gold-purchases-10-times-official-figures-3630 India has taken a historic step toward the remonetization of silver — officially allowing the white metal to serve as collateral for bank and non-bank loans under new Reserve Bank of India (RBI) regulations set to take effect in April 2026. The move effectively establishes a 10-to-1 silver-to-gold ratio in collateral lending, marking the first time a major economy has formally recognized silver's role alongside gold in modern banking. Silver joins gold in india's banking system For decades, Indian households have relied on gold jewelry as a primary form of collateral for personal and business loans, especially in rural areas with limited access to credit. The new rules expand that privilege to silver jewelry and ornaments, enabling borrowers to pledge up to 10 kilograms of silver or 1 kilogram of gold as collateral for loans of up to ₹2.5 lakh (approximately $3,000 USD). The policy applies to both banks and Non-Banking Financial Companies (NBFCs) — a sector... Thu, 23 Oct 2025 16:15:29 +0000 https://goldbroker.com/news/india-takes-historic-step-toward-remonetization-silver-3620 Bridgewater Associates founder Ray Dalio said investors should allocate as much as 15% of their portfolios to gold even as the precious metal surged to an all-time high above $4,000 an ounce. “Gold is a very excellent diversifier in the portfolio,” Dalio said Tuesday at the Greenwich Economic Forum in Greenwich, Connecticut. “If you look at it just from a strategic asset allocation perspective, you would probably have something like 15% of your portfolio in gold… because it is one asset that does very well when the typical parts of the portfolio go down." Gold prices have skyrocketed more than 50% this year amid a flight to safety on mounting fiscal deficits and rising global tensions. The billionaire investor compared today’s environment to the early 1970s, when inflation, heavy government spending and high debt loads eroded confidence in paper assets and fiat currencies. “It’s very much like the early ’70s ... where do you put your money in?” he said. “When yo... Wed, 08 Oct 2025 05:18:26 +0000 https://goldbroker.com/news/ray-dalio-investors-should-allocate-15-percent-portfolios-gold-3611 China is stepping up its efforts to become a central player in global finance by offering to safeguard gold reserves on behalf of foreign governments. The move, led by the People’s Bank of China (PBOC), is designed to position the country as an alternative hub for sovereign assets traditionally kept in Western vaults. Beijing has reportedly invited central banks in allied or “friendly” nations to consider buying gold and placing those holdings under Chinese custody. Instead of relocating existing reserves from established centers such as London or New York, the initiative targets new purchases that would bolster a partner’s official assets while physically stored in China. The plan draws heavily on China’s established infrastructure. The Shanghai Gold Exchange, already the heart of the country’s domestic gold market, could serve as the backbone of this new global role. Recent steps — such as the launch of a large gold vault in Hong Kong and relaxed import rules — signa... Thu, 25 Sep 2025 05:26:33 +0000 https://goldbroker.com/news/china-aims-become-custodian-foreign-sovereign-gold-reserves-3605 Weiss, Colin R. (2025). "Official Reserve Revaluations: The International Experience," FEDS Notes — Washington: Board of Governors of the Federal Reserve System, August 1, 2025, With public debt at high levels, some governments have begun to explore financing additional expenditures without raising taxes while also not increasing public debt outstanding. One possibility is using proceeds from valuation gains on gold reserves, as has been floated in the U.S. and Belgium recently.[1] For the U.S., this would involve revaluing the government's 261.5 million troy ounces in gold reserves — the largest gold reserves globally — from a statutory price of $42.22 per troy ounce to current market prices, which stand around $3300 per troy ounce.[2] This note reviews the rare cases when countries used proceeds from valuation gains on gold and foreign exchange reserves. Over the past 30 years, only five countries have done so — Germany, Italy, Lebanon, Curacao and Sai... Tue, 19 Aug 2025 05:43:05 +0000 https://goldbroker.com/news/gold-reserve-revaluations-international-experience-3585 The Trump administration intends to issue an executive order in the near future to clarify what it called misinformation about the tariffing of gold and other specialty products, a White House official told Bloomberg in a statement. Trump: gold will not be tariffed pic.twitter.com/qVDGiJVlUN — zerohedge (@zerohedge) August 11, 2025 The confusion began last week after the US Customs and Border Protection (CBP) posted a ruling on its website stating that 1-kilogram and 100-ounce gold bars are subject to so-called reciprocal tariffs. The ruling came in response to a request from a Swiss refiner seeking clarification on these duties. Such a directive would bring sweeping implications for bullion around the world and could have disrupted the functioning of the US futures contract. Gold has a unique role as a financial asset and global currency, making it different from copper, steel and aluminum — other metals that have been hit by Trump’s tariffs. The forthcomin... Mon, 11 Aug 2025 11:32:34 +0000 https://goldbroker.com/news/white-house-issue-decree-clarifying-gold-bars-tariffs-3583 Update. The Trump administration intends to issue an executive order in the near future to clarify what it called misinformation about the tariffing of gold and other specialty products, a White House official told in a statement. Read more The US government has started levying tariffs on 1-kilo and 100-ounce gold bars, a decision that could upend long-standing trade routes and disrupt the flow of bullion from Switzerland to the United States, as reported by the Financial Times. According to a 31 July ruling from US Customs and Border Protection (CBP), these gold bars will now fall under classification code 7108.13.5500, which is subject to tariffs. That reclassification shuts the door on previous expectations that such imports would be exempt under code 7108.12.10, the only category of gold bars currently not taxed. The change is expected to hit Switzerland the hardest. It’s the world’s top gold refining hub and a major supplier of bullion to the US. "The preva... Fri, 08 Aug 2025 08:45:54 +0000 https://goldbroker.com/news/usa-imposes-tariffs-on-gold-bars-3581 Governor Ron DeSantis signed a bill Tuesday to recognize gold and silver as legal tender in Florida, paving the way for their use in financial exchanges. "You're going to be able to conduct transactions in these precious metals", he said at a press conference in Apopka. The HB 999 bill begins the process of allowing public or private entities, such as businesses, to voluntarily accept gold and silver as a means of debt payment. "That means these precious metals can start functioning like real currency again, not just investment vehicles for the wealthy", said DeSantis, noting that the price of gold has "gone up, big time” and predicting that this trend would continue in a context marked by concerns around the US credit rating and tensions on the bond market. “So it’s not just an investment. It’ll be something that you’re going to be able to use. And it’s something that is very likely to hold its value. Certainly compared to fiat currency... Wed, 28 May 2025 05:19:37 +0000 https://goldbroker.com/news/governor-desantis-signs-bill-recognizing-gold-silver-legal-tender-florida-3548 On February 7, China launched a pilot program allowing certain insurance companies to invest in gold as part of their medium to long-term asset allocation strategies. According to the National Financial Regulatory Administration, the initiative seeks to expand the utilization channels for insurance funds, optimize the structure of insurance asset allocation, and strengthen insurance firms' asset-liability management capabilities. Ten insurance companies are participating in the pilot program, which allows gold investments through multiple channels such as spot contracts on the Shanghai Gold Exchange's main board, deferred delivery contracts, centralized pricing agreements, gold swap contracts, and gold leasing operations. Under the new policy, these firms can allocate up to 1% of their assets to bullion, which could translate into an estimated 200 billion yuan (US$27.4 billion) in gold investments, according to a report from Minsheng Securities Co. Chin... Tue, 25 Mar 2025 14:42:20 +0000 https://goldbroker.com/news/chinese-insurance-companies-conduct-first-gold-transaction-sge-3516 The power of printing fiat is greatly underappreciated by society and also among many of us so called “gold bugs”. You and I direct extraordinary time and energy to earn fiat bucks printed by the money changers. From your first day of kindergarten to your day of retirement, you hone skills and work for the paper printed by the money changers. This is not questioned because it is all we have seen our entire life… which is short by historical standards. I’ll use the phrase “money changers” to connect with the historic reference of those who initially swapped redeemable notes for physical gold and later evolved to modern day banks printing fiat. Anyone aware of the history of money knows gold is money. Unfortunately, if you own gold it never grows. To grow wealth gold has to be sold, the proceeds invested (think treasuries) and later converted back into gold. Hopefully this swap returns more gold than originally owned, otherwise the swap failed. Call this the “big swap”.... Tue, 25 Feb 2025 07:06:42 +0000 https://goldbroker.com/news/gold-revaluation-go-big-go-home-which-would-donald-trump-choose-3501 Saxo, the leader in online trading and investment, announced its annual Outrageous Predictions for 2025. Annual Outrageous Predictions is a series of events that, while highly unlikely, could just happen. If they did, they would send shockwaves across financial markets. They are not our official forecast but are meant to spark discussions and challenge consensus. “The Saxo Outrageous Predictions are not exactly news and not exactly real—at least not yet. While we don’t know which stories will drive the global economy in the coming year, our 2025 predictions, from Nvidia trouncing its Mag 7 peers to the fall of OPEC, from a bold bet on reflation in China to a great leap forward in biotech, are just as promised: outrageous.” says Chief Macro Strategist John J. Hardy. Trump 2.0 blows up the US dollar As the new Trump administration turns the global financial system on its head with huge tariffs, the world scrambles to find alternatives to the dollar. In 2025, the ne... Mon, 30 Dec 2024 12:51:08 +0000 https://goldbroker.com/news/saxo-bank-2025-outrageous-predictions-3473 Some interesting coincidences… “We are going to have to have some kind of a grand global economic reordering.” Scott Bessent, the incoming Treasury Secretary, is stepping into the spotlight to manage the monumental task of selling trillions in U.S. government bonds. Japan has been grappling with a dramatic currency crisis, prompting the government to intervene repeatedly to support and stabilize the yen. They have spent over $100 billion in recent years to support their currency—a staggering figure. China has been actively reducing its exposure to U.S. debt as it pushes to dedollarize, safeguard its economy against potential sanctions, internationalize its currency, and navigate escalating tensions over Taiwan. Japanese investors sold a record $61.9 billion in U.S. securities in Q3, per U.S. Treasury data. Chinese funds offloaded $51.3 billion in the same period, the second-largest amount on record. Now, what does this have to do with anything? The in... Tue, 03 Dec 2024 06:42:50 +0000 https://goldbroker.com/news/usa-considering-gold-backed-treasury-instrument-3459 +28.1%, +27.2%, +28.3% – this is the impressive performance of gold in the first 9 months of the year in US dollars, Euros and Swiss Francs, respectively. +42.3%, +35.0%, +31.1% – this is the even more impressive year-on-year performance as of the end of September. Given these figures, the question automatically arises: has the gold price reached its ceiling, or is it even in a bubble, as it was in the early 1980s, and is a significant correction imminent? However, there are strong reasons to believe that the gold price is not yet in a region of extreme overvaluation. Adjusted for inflation, gold is not yet at its all-time high Since December 2023 in US dollars and October 2023 in euros, the gold price has been chasing one all-time high after another. It is hard to imagine now that the gold price failed several times to break through the USD 2,000 mark for almost four years, given that it subsequently rose by more than 30% to over USD 2,600 in less than six months. H... Tue, 05 Nov 2024 06:27:16 +0000 https://goldbroker.com/news/five-reasons-why-gold-rally-is-not-over-yet-3435 Analysts have already proposed a calculation of gold's rate of return by comparing its value at a recent date with a more or less distant date (for example, from January 1, 2005 to January 1, 2024). The problem is that this calculation method takes only one interval into account. It therefore only reflects a single, idealized situation: one in which the saver would have bought and sold exactly on those dates. In contrast, wealth journalist Nicolas Delourme* has taken up the logic of an actuarial rate calculation, but taking into account all possible investment combinations between two years. In other words : - From January 1, 1999 (the start of gold pricing in euros) to January 1, 2000, then similarly from 1999 to 2001, from 1999 to 2002, from 1999 to 2003, and so on until the interval from January 1, 1999 to January 1, 2024, - Then from January 1, 2000 to January 1, 2001, then again from 2000 to 2002, 2000 to 2003 and so on until the interval from January 1,... Tue, 03 Sep 2024 05:50:23 +0000 https://goldbroker.com/news/how-much-does-gold-rise-average-per-year-3384 The rise in the gold price this spring was undoubtedly spectacular. In just a few weeks, the gold price rose by almost 20% in USD terms, with a gain of 21.7% for the first half of the year as a whole. In EUR terms, gold recorded a gain of 16.4% in the year’s first six months. The showdown in the gold price that we predicted in the In Gold We Trust report 2023 has come to pass. What is remarkable is that all of this is happening in an environment in which, according to the previous playbook, the gold price should actually have fallen. The collapse of the correlation between the gold price and real interest rates raises many questions. In the old paradigm, it was unthinkable that the gold price would trend firmer during a phase of sharply rising real interest rates. Gold and gold investors are now entering terra incognita. Traditional correlations are breaking down In addition to the high negative correlation between the gold price and US real interest rates, the once... Thu, 25 Jul 2024 06:14:32 +0000 https://goldbroker.com/news/five-reasons-new-gold-playbook-3380 India's central bank has moved around a 100 tonnes, or 1 lakh kilograms of gold from the United Kingdom back to its vaults in India, and intends to move more in coming months, a TOI report claimed on Friday. RBI faced severe criticism back in 1991 when it was forced to pledge part of its gold reserves as the country was undergoing a foreign exchange crisis. This is the first time since 1991 that India has moved such a heavy scale of gold. This has been done for logistical reasons as well as diversity of storage, sources told TOI's Siddhartha. Domestically, gold is stored in vaults located in the RBI's old office building on Mumbai's Mint Road and in Nagpur. “RBI started purchasing gold a few years ago and decided to undertake a review of where it wants to store it, something that is done from time to time. Since stock was building up overseas, it was decided to get some of the gold to India,” the report quoted an official as saying. “It shows the... Sun, 02 Jun 2024 06:46:55 +0000 https://goldbroker.com/news/india-repatriates-100-tonnes-gold-from-united-kingdom-3355