Gold, The Ancestor Of Writing

Published by Thomas Andrieu | Oct 15, 2024 | 8656

Gold's appearance predates that of iron by several millennia, and coincides approximately with that of copper. It has also been established that the precious metal was used by certain civilizations even before the birth of writing. The history of gold never ceases to amaze, to the point where we...

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Gold: A Way to Optimize Your Savings

Published by Thomas Andrieu | Sep 10, 2024 | 8956

Gold is world-renowned for its physical properties, but it is also in great demand for its financial qualities. Most of the world's major asset managers and central banks hold gold, while a large proportion of the public remains unaware of the benefits of the golden metal. In financial theory, go...

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Gold: A Central Money That Doesn't Say Its Name

Published by Thomas Andrieu | Jul 30, 2024 | 13213

Is gold still the foundation of our monetary system? This question is worth asking as central banks accumulate record quantities of the golden metal. In fact, a detailed study of central bank gold inventories reveals a certain consistency in the monetary strategy of most countries.

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Historic Tensions on the Silver Market

Published by Thomas Andrieu | May 28, 2024 | 21632

In 2024, with almost one in five ounces now dedicated to the photovoltaic industry, tensions on the silver market are mounting. Against this backdrop, the price of the grey metal would be headed for good prospects. While the breakout from the $26/oz level has now been confirmed, analysis of the b...

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How Much Gold Do the French Own?

Published by Thomas Andrieu | Apr 16, 2024 | 42297

France is known for having the 4th largest stock of gold in the world, even though the country ranks 23rd in wealth per capita. In fact, over 2,400 tons of gold, or €146 billion at €60,000/kg, are stored in the vaults at 39 Rue Croix des Petits Champs in Paris. But do the French own so much gold...

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JP Morgan Forecasts a Gold Price of $2,500

Published by Thomas Andrieu | Mar 19, 2024 | 35746

In a January 2024 publication, JP Morgan unveiled its outlook for the gold price. The world's leading bank, with a market capitalization of over $500 billion, stated that “a cutting cycle is expected to be positive for bullion and supportive of a rally in prices in the second half of 2024”.

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Is the Price of Gold Correlated with the Markets?

Published by Thomas Andrieu | Nov 7, 2023 | 35766

Is the price of gold linked to other markets? Conversely, is the price of gold independent of market trends? This question is all the more important as gold is often perceived as a "safe-haven" asset, capable of behaving independently of other markets. In this paper, we will focus on the short-te...

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Why Gold Remains a Safe Haven

Published by Thomas Andrieu | Aug 23, 2023 | 16705

A recent NBER study shows the close link between the price of gold and the level of real interest rates. This study has attracted criticism for gold, and a Bloomberg article entitled "Gold is no longer a safe haven" has caused quite a stir. In this article, we will demonstrate that the arguments...

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A 16-Year Gold Cycle?

Published by Thomas Andrieu | Jul 11, 2023 | 23127

This article focuses on a complex property of the gold market: timing. The price of gold can sometimes stagnate for more than a decade, while at other times it can rise dramatically. Even so, gold remains an asset that is more difficult to determine by precise financial cycles.

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The Problem With Gold Production Costs

Published by Thomas Andrieu | Jun 7, 2023 | 27622

Gold mining companies have a significant influence on the price of the yellow metal. With demand for physical gold tending to run out of steam in the first quarter of 2023, the pressure on production costs raises questions about the outlook for the gold price.

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On What Criteria Should You Buy Gold?

Published by Thomas Andrieu | Mar 28, 2023 | 18430

When are economic conditions favorable for the price of gold? Are there technical configurations that are more favorable than others for buying gold? In this paper we propose to conduct an empirical analysis that is essential to any good investor in gold.

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Gold Price to New Heights ?

Published by Thomas Andrieu | Feb 24, 2023 | 20432

Central banks are buying at a historic pace, demand for physical gold is rising sharply, and gold mining production is stagnating due to rising costs. This trend is indicative of a new equilibrium that is, so far, a bullish factor for the gold price.

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Towards a Gold Reversal in 2023?

Published by Thomas Andrieu | Nov 1, 2022 | 59512

2022 will have confirmed our expectations. The price of gold has (so far) remained broadly stable with sharp movements linked in particular to the war in Ukraine. However, as we have shown, these movements are symmetrical with the past evolution of gold prices. Although the year 2022 is not over,...

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Supply and Demand Sensitivity of Physical Gold

Published by Thomas Andrieu | Sep 13, 2022 | 16481

How does the price of gold coordinate the players in the gold market? Investors, miners, central banks, funds, individuals, etc. How has the behavior of each of these agents been historically influenced by the price of gold? This question is rarely asked by market specialists and yet deserves to...

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