China's Gold Reserves Scale Up For 15 Consecutive Years By 2020
China's gold reserves have grown every year for 15 consecutive years, reaching 14,727.16 tons by 2020, according to a yearbook issued by China Gold Association (CGA).
Read articleChina's gold reserves have grown every year for 15 consecutive years, reaching 14,727.16 tons by 2020, according to a yearbook issued by China Gold Association (CGA).
Read articlePalantir Technologies Inc. said it’s preparing for another “black swan event” by stockpiling gold bars and inviting customers to pay for its data analysis software in gold.
Read articleBrazil’s central bank purchased over 62 tons of gold in three months through July 2021, raising the nation’s reserves to nearly 130 tons. The estimated growth of physical holdings reportedly amounted to 92.4%. The bulk purchase of 41.8 tons was recorded in June.
Read articleThe Wold Gold Council publication is the newest edition of the Gold Market Commentary entitled "Equity yields support gold as investors position for historical September strength". The main thesis of the article is that “August could be the opportune time to position for the historically strong S...
Read articleGold is a good investment at a time when the world is concerned about inflation, Egyptian billionaire Naguib Sawiris told CNBC. The precious metal is often touted as a hedge against rising prices and a safe-haven asset that should make up around 5% to 10% of an investor’s portfolio. But long-time...
Read articleWhat happened this morning very strongly looks like a “cleaning” of stop losses and “weak hands”. Another positive argument that militates for gold (and incidentally silver) is that real rates are diving.
Read articleThe Fed’s tightening cycle practically always ended up in a recession. Moreover, there were many indicators that the recession would take place in 2020 or 2021 anyway, even without the coronavirus and the Great Lockdown. So, this time won’t be different. Well, actually, it could be different –in...
Read articleThe latest WGC reports show that institutional allocation to gold will increase. What if there is more to it than just “higher demand, higher price”?
Read articleGold is an increasingly important asset for European pension funds, with new research showing many funds intend to increase their holdings of the yellow metal in the coming months.
Read articleThe current high inflation could theoretically transform into hyperinflation, disinflation, stagflation, or deflation. What does each mean for gold?
Read articleChat logs introduced as evidence by prosecutors at the Chicago spoofing trial of two former precious-metals traders for Bank of America Corp.’s Merrill Lynch unit show one of them, Edward Bases, bragging about how easy it was to manipulate prices.
Read articleAfter years without substantially changing the amount of gold in its international asset reserves, the Brazilian Central Bank headed by Roberto Campos Neto bought 41.8 tons of the metal in June.
Read articleThe British government sought Monday to prevent Venezuelan leader Nicolás Maduro from gaining access to nearly $2 billion of gold held by the Bank of England as the U.K. Supreme Court started hearing a case that hinges on the question of who should be considered the Latin American nation’s presid...
Read articleThe real interest rates should remain low, so gold prices shouldn’t drop like a stone. Actually, in the longer run, when inflation creates some economic problems while the economic growth slows down, the yellow metal could finally benefit from the stagflationary conditions.
Read articleThere are two dimensions to the global de-dollarization that is taking place: a digital one, and a golden one. Let it be noted that China, as the primary initiator of CBDCs and the number one consumer and importer of gold in the world, has every chance of doing well out of this Great Game.
Read articleIt seems that gold is reacting now more to the decrease in the bond yields rather than to the changes in the US or EU monetary policies. As long as the interest rates are declining, gold is catching its breath. But this decrease may be temporary, so better watch out! Powell’s testimonies to Congr...
Read articleBanks clearing gold trades in London can apply for an exemption from tighter capital rules due in January 2022, a British regulator said on Friday, removing what some said was a threat to the functioning of the market.
Read articleRussia’s sovereign wealth fund cuts US dollar reserves to zero while boosting the share of the euro, the Chinese yuan and gold, the country’s Finance Ministry announced on Tuesday.
Read articleGold is a matter of national strategy - an economic strategy - a line of defense. Whoever has gold does not belong to anyone - he or she keeps gold without obligation, Orbán stressed. He stated that the Hungarian gold reserve plays a very important role in the total Hungarian foreign exchange res...
Read articleThere are several important factors affecting gold prices. Many analysts focus mainly on the US dollar and real interest rates. However, what is sometimes even more important is economic confidence. Of course, the level of economic confidence is partially reflected in the strength of the greenbac...
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