Poland's Central Bank Gold Reserves Rise by Over 100 Tonnes
National Bank of Poland (NBP) gold reserves have risen by 125.7 tonnes to 228.6 tonnes, the bank announced on Friday.
Read articleNational Bank of Poland (NBP) gold reserves have risen by 125.7 tonnes to 228.6 tonnes, the bank announced on Friday.
Read articleJudy Shelton, who serves as the U.S. executive director at the European Bank for Reconstruction and Development, wrote as recently as last year in support of pegging the dollar to gold prices.
Read articleThe catalyst for the coming cataclysm in the world economy can come from anywhere, like Deutsche Bank, US junk bonds or Japan. Whatever the catalyst is, it will lead to panic in markets with confidence evaporating and fear setting in. Now is the time to prepare for this. It will soon be too late....
Read articleWe asked the question last May: will the GAFAs precipitate the collapse of the banks? Now, with the cryptocurrency that Facebook will launch next year, we must move to a new level: in addition to competing with the traditional banking sector, Libra risks accelerating the loss of credibility of ce...
Read articleHaving tested $1300 numerous times over the past few years, gold has broken dramatically higher in the last month, hitting 6-year highs as President Trump rhetoric around the world raises tensions and increases the odds of WWIII.
Read articleOn Tuesday after the close, the CFTC announced that Merrill Lynch Commodities (MLCI), a global commodities trading business, agreed to pay $25 million to resolve the government’s investigation into a multi-year scheme by MLCI precious metals traders to mislead the market for precious metals futur...
Read articleHaving found a solid base, silver will be able to develop the third leg of its bullish rally.
Read articleAt the beginning of last week, I was challenged with a wager on the gold price. The individual, who called me a “gold pumper”, wanted to bet $1 million on the gold price going below $1,000 before it reached the Maginot Line at $1,350.
Read articleEvery end of May, Incrementum publishes one of the most comprehensive gold studies worldwide. The 2019 report’s leitmotif refers to the erosion of trust in politics, society, and the global monetary architecture.
Read article“Shanghai Gold will change the current gold market with its ‘consumed in the East but priced in the West’ arrangement. When China has the right to speak in the international gold market, the true price of gold will be revealed.” – Xu Luode, Chairman, Shanghai Gold Exchange, 15 May 2014
Read articleThe breakout in gold and silver that we have been patiently waiting for is now starting. The long term up move in the precious metals, which have been pausing since 2011, is now resuming. We can with confidence expect all the short term resistance levels to be broken. The first obstacle was the G...
Read articleThe Italian Parliament voted for a motion to create "mini-BOTs", i.e. ordinary Treasury bills of low unit amount, the level of a banknote, to be able to be used routinely. They would not offer interest and would have no maturity, which would assimilate them to traditional currencies.
Read articleThe global monetary regime has collapsed three times over the past 100 years, in 1914, 1939, and 1971. They seem to happen about every 30 to 40 years on average. It’s now been over 40 years since the last collapse, so we’re due. Got gold?
Read articleChina extended its gold-buying spree, adding to reserves for a sixth straight month, as the protracted trade war with the U.S. hurts growth expectations and boosts demand for a portfolio diversifier.
Read articleEven with this consistent manipulation, gold still reveals the deceit and the mismanagement of the economy. No UK prime minister has told the British people, that their money has lost most of its value in real terms in this century.
Read articleVenezuela has defaulted on a gold swap agreement valued at $750 million with Deutsche Bank AG, prompting the lender to take control of the precious metal which was used as collateral and close out the contract.
Read articleAfter about two months of consolidation, gold has touched the red evolvent from which it immediately rebounded: this confirms not only that the structure is perfectly aligned to a bullish view, but that the red evolvent represents exactly the support to be monitored.
Read articleMalaysian Prime Minister Mahathir Mohamad on Thursday proposed to create a new “special currency” for the region based on gold, replacing the existing currency trading regime.
Read articleA new theory is becoming increasingly successful in the United States, and it is starting to make people talk about it in Europe. Remember this name, you will hear it more and more: the Modern Monetary Theory (MMT).
Read articleTwo more nations, Serbia and the Philippines, have boosted their national gold reserves. They follow a global trend of other central banks accumulating bullion in a move seen as a shift away from the US dollar standard.
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