Poland Gold Reserves to Rise Under Governor Glapinski's Watch
Poland’s central bank wants to buy at least 100 tons of gold in the coming years to demonstrate the country’s economic strength, Governor Adam Glapinski said.
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Poland’s central bank wants to buy at least 100 tons of gold in the coming years to demonstrate the country’s economic strength, Governor Adam Glapinski said.
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Central banks became net buyers of gold in 2010, just after the financial crisis, with gold remaining an attractive class of assets for central bank reserve managers. Amid the uncertainties associated with Covid-19, the yellow metal acts as a “safe heaven” that can be stored and sold in case of l...
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So far, only the ECB has intervened in the markets, but other central banks could follow suit. This week, the Fed will announce its decision on the monetary policy. And we cannot exclude that the American central bank will also signal a more dovish stance to calm the turmoil in the bond markets a...
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The 2019-2021 gold chart is disturbingly similar to that of 2010-2012, but it does not have to be the harbinger of a bear market.
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More gold is traded daily in London than is produced through mining in a year. It is estimated that nearly 95% of that gold traded daily in London is unallocated paper gold. Similar figures exist in the COMEX in New York, and around 1% ever insisting on delivery. We can easily deduce from these f...
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Based on my previous work, silver get its best rallies when the Dow is declining or going nowhere. I believe a Dow crash (top) is what silver needs to really go much higher. The initial part of a Dow crash could shake silver (even this is doubtful given the current state of the silver market), bu...
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Although the expectations of higher fiscal stimulus plunged gold prices in January, more government spending – and expansion in budget deficits and public debt – could ultimately turn out to be supportive factors for gold. Especially if easy fiscal policy will be accompanied by the accommodative...
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Central banks are unlikely to reduce their gold holdings by mid-2021. In fact, the opposite can happen with an increase in gold allocations: just over 60% of respondents, a group of central banks responsible for $1.7 trillion in total reserves, said they expect their gold holdings to increase ove...
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Is the silver market of interest to the traders? Cheaper than gold, this asset would also be "undervalued" according to Étienne Dargent, director of GoldBroker.com. He assures that the grey metal has a strong potential and can represent a real alternative to bitcoin and gold.
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A number of Reddit users on the popular r/WallStreetBets forum have said they are planning to launch a coordinated effort to target silver as their next short-squeeze target.
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Bitcoin has indeed proven itself as a more enduring asset than many had predicted after the first few bubbles burst in 2013 and 2018, and there have been several high-profile institutional investors expressing interest in recent months. But we continue to believe that the comparisons between the...
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A multi-year drive to reduce exposure to U.S. assets has pushed the share of gold in Russia’s $583 billion international reserves above dollars for the first time on record.
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Deutsche Bank AG agreed to pay more than $130 million to settle criminal and civil charges that it bribed foreign officials and manipulated the market for precious-metals futures through a trading tactic known as spoofing.
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Gold and silver closed out their best years since 2010 following a year of unprecedented volatility brought on by the Covid-19 pandemic. What are the various factors that could influence the price of gold in 2021 ?
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The bull market for gold is not over, Goldman Sachs analysts said, and the gold market will likely follow the same path as it did after the global financial crisis in 2008.
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We are currently seeing a divergence between two fundamental commodities: oil is essential for economic growth, while gold is essential during a crisis. These two resources can therefore be considered as antinomic according to their main characteristic
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Strong growth in global investment demand for gold in Q3 partly offset weakness elsewhere as COVID-19 remained in the driving seat.
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The history of gold bull markets (1971–80 and 1999–2011) shows that the most powerful gains come toward the end of the bull market, not at the beginning.
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I suggest you buy your gold at current levels and ride the wave up to much higher levels. It’ll protect your wealth in the days ahead. Like every market, it will fluctuate. Nothing goes up in a straight line. But you want to focus on the longer term picture. And it looks very bright for gold.
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Morgan’s observation that “Money is gold, and nothing else,” was right in two respects. The first and most obvious is that gold is a form of money. The second and more subtle point, revealed in the phrase, “and nothing else,” was that other instruments purporting to be money were really forms of...
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