China's Gold Reserves at 62.64 mln ounces at the End of May
Value of China’s gold reserves rises to US$108.29 billion at end of May, from US$106.67 billion a month earlier
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Value of China’s gold reserves rises to US$108.29 billion at end of May, from US$106.67 billion a month earlier
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History repeats itself with staggering similarity. The Crises of the 3rd Century and today have much in common. All empires have the seeds of their own destruction within them. So if we look back almost 2000 years to the Roman Empire we will find exactly the same symptoms as today.
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The resulting record divergence in gold futures vs spot unleashed a flood of physical gold into the US as a record scramble by traders rushing to take advantage of this arbitrage opportunity by shipping bullion to New York sparked what Bloomberg said "may be one of the largest ever physical trans...
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Will gold be confiscated? Yes, of course, it could be. Desperate governments will take desperate actions. And as the world economy is now slumping into a hyperinflationary depression, unlimited money printing will cause currencies to collapse, leading to a surge in the gold price measured in wort...
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To what extent will European banks withstand the current crisis? This is a crucial question because the recession we are experiencing could be followed by a banking crisis that would affect the whole economy even more severely. A CEPII study, entitled "European Banks and the Covid-19 Crash Test",...
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Venezuela has launched legal proceedings to try to force the Bank of England to hand over $1 billion worth of gold, claiming it needs the money to fund an appropriate response to the coronavirus pandemic.
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How can anyone believe that the fake world the Fed and their fellow central bankers have created has anything to do with reality.
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The financial crash of March allowed the silver to go to make its pull-back on the resistance, which came from the summit of 2011, and had been crossed on June 18, 2019.
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The ruling of the Federal Constitutional Court sets Germany against the EU. A planned crash? Southern Europe cannot exist without tourism. But the bang will probably come from the US, which despite huge QE programmes is plunging into a depression that will make the 1930s seem small.
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Gold will be the only winner in the current crisis. This is the opinion of a bank's (Natixis) research department, which is not so common, it should be pointed out, as financial institutions rarely speak highly of the precious metal, as it is precisely because it allows one to free oneself from t...
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Central banks and governments are now printing more money which makes it clear that we won’t see a voluntary abandonment of credit expansion. Instead, the world is now in the final stage of credit expansion which will lead to hyperinflation and “total catastrophe of the currency system involved.”...
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Silver has broken out. MACD bullish cross and now above zero.
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As the world economy is about to implode, very few investors realise what will hit them. The dip buyers of stocks don’t understand that it really is different this time as the world is now facing the biggest destruction of wealth in history.
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Hyperinflation is inevitable, and gold and silver remain the best proven safe haven investments in this environment. Are you prepared for the financial devastation that lies ahead?
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Right now, the price of gold is relatively cheap compared to the current money supply. And the price of silver is ridiculously cheap compared to gold. Again, silver has never been cheaper in 5,000 years.
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In this interview Egon von Greyerz explains to Paul Eberhart of SilverDoctors that the combination of the Coronavirus and the coming economic depression will change the world forever. We are now going towards a hyperinflationary depression that will eventually lead to a deflationary depression.
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To test the value of the printed money, I suggest that the Fed prints $9.5 trillion and buys all the gold in the world, including jewellery, of 170,000 tonnes at the current price of $55.6 million per tonne. If they don’t understand what will happen, I can tell them. They would have real problems...
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The progressive collectivization of our societies has been achieved through the alliance between the state and its central bank: from the end of the gold standard to today's dematerialized money, the power of the state grows as money loses its integrity and is increasingly subject to it.
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Scotia was for years the world's biggest lender to the physical precious metals industry, with a history that stretches to 1684.
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The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally.
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