Russia to Remove Euro, Only Keeps Yuan and Gold in National Wealth Fund
Russia's finance ministry said will reset the share of euro in its National Wealth Fund (NWF) starting from this year, leaving only gold, Chinese yuan and rubles.
Read articleRussia's finance ministry said will reset the share of euro in its National Wealth Fund (NWF) starting from this year, leaving only gold, Chinese yuan and rubles.
Read articleWe are experiencing a 2008 crisis in reverse. In 2008, the risk came from the banks and spread to households and businesses. The government intervened to restore the stability of the entire system. Today, the risk comes from the State. It is the government that has to ensure the survival of busin...
Read articleThe People’s Bank of China (PBoC) announced another 15 tonnes gold purchase in January, the third consecutive monthly increase.
Read articleThe Russian-Ukrainian conflict has been raging for almost a year now and there is no sign of a return to peace. On the contrary, it could get bogged down in the coming months and cost the lives of thousands of additional souls. Because this war is the reflection of an economic system that is crac...
Read articleRegardless of the extent of the economic slowdown, and the extent of future demand, metal supply is being revised downwards in most markets. Forecasts for 2023 suggest that inventory levels will not follow the usual intrinsic demand cycle. Indeed, we are already seeing real "runs" in some markets...
Read articleGold's 12-year cup & handle points to new all time high above $3,000 and silver's bull flag suggests a run to at $50 possible.
Read articleCentral banks bought about 400 metric tons of gold in the third quarter last year. Purchases of gold have reached a level not seen since 1967. Gold is proving to be the stability factor that many central banks require.
Read articleAs the hegemony of the US is coming to an end, the dominance of the decadent West is moving quickly to the East and South. Commodity based countries like the enlarged BRICS will dominate for the next few decades and probably longer. Oil and gas will form the base of this shift but also many other...
Read articleA closer look reveals beyond doubt that, contrary to a multitude of reports and prejudices spread by the media, gold can already be classified as a very sustainable investment in the sense of the ESG guidelines. And the entire industry is making great efforts to eliminate the remaining blemishes.
Read articleDespite the positive effect of inflation on these payroll tax receipts, the amount the government has to pay to pay down its debts and for its public spending programs is far too high for these inflationary revenue increases to affect the overall figure: the United States is in a budgetary bind.
Read articleMatthew Piepenburg weaves together the various threads of historical cycles, political psychology and the hard math of cancerous global debt to make better sense of uniquely challenging times.
Read articleIn a recent interview, Nouriel Roubini discussed the ten "mega-threats" facing the world: war, public and private debt crises, and the demographic bomb... all of which will cause investors to rush towards gold, leading to an increase in the metal's price to $3,000 by 2028. The famous economist pr...
Read articleThe usefulness of fractals as a mathematical tool in forecasting and investment decisions is absolutely significant. After introducing the concept of fractals in this article, we will focus on the question of whether or not the price of gold is indeed time dependent.
Read articleThe first consignment of the "Gold for Oil Policy" by the government to stem the increasing depreciation of the cedi against the major currencies has arrived at the Tema Port and discharged into the receptacles of Bulk Oil Storage and Transportation Company (BOST).
Read articleWillem Middelkoop returns to the show, and we dive into the current state of the global economy and how it is undergoing a "BIG RESET." One significant sign of this is China's recent announcement of increased gold purchases.
Read articleA better-than-expected job market, a receding Fed pivot: all indications are that the U.S. real estate crisis is likely to be long-lasting. If real estate is no longer a safe haven, it is logical that gold will once again become the preferred tangible asset for investors.
Read articleEgon von Greyerz and Matthew Piepenburg open 2023 with an informal yet blunt look at the twin nuclear risks of a rising geopolitical conflict in the backdrop of an equally rising global debt crisis. Both trends, and all that follows in their wake, point naturally toward an exploding gold market.
Read articleThe year 2023 will be marked by persistent inflation, a recession in Western countries in particular, and by an increased risk on the financial markets. Gold could benefit from this scenario.
Read articleHow international investors anticipate the value of the greenback is now fundamental to gold's future. There are powerful forces currently vying for the determination of the dollar's value. There are both bullish and bearish forces.
Read articleAs we close out the year 2022, it must be admitted that the performance of gold and silver prices in 2022 has surprised many analysts. The performance of precious metals is all the more remarkable in the face of sharp declines in equity and bond markets. Gold is outperforming the indices by more...
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