News

If gold is a relic of the past then why are central banks holding so much gold? Central banks hold, if we believe official statistics, around 20% of the global gold stock.

Interview with Willem Middelkoop, There Are No Free Markets Anymore, China's Net Gold Imports, Gold Beat All Other World Currencies in 2014, US Debt Soars, Fed Abandons Stock Markets, The Outlook for the New Year, Peak Gold Production, US Mint Coin Sales

US Mint Gold and Silver Coin Sales in December 2014

Gold “Terrifies” the Monetary System, Europeans Want Their Gold Back, Path of the Gold Price is in China's Hands, Could Russia Back its Currency With Gold?

Gold is the most maligned asset, if you listen to the Fed, the ECB, and other central banks. Fabrice Drouin Ristori explains why the heck central banks react toward gold in that bizarre manner.

Is Mario Draghi on the verge of announcing a sovereign QE program? After joining together three recent events, this is the question I’ve been asking myself.

Switzerland Gold Imports & Exports for November. Largest consumer is India

Moments ago, as if to deter further speculation that Russia is indeed converting hard money earned from real resources for fiat paper, the Russian monetary authority made it quite clear, that at least in November, Russia not only did not sell any gold, but in fact bought another 600K ounces in th...

Kudos to Shinzo Abe who just got brilliantly re-elected despite a largely negative balance sheet! His party took two-thirds of the seats of the House of Representatives, a clear victory. The moniker “Abenomics”, a contraction of his name and economics, is known all around the world. Wow, what a t...

I wanted to do a review of the Swiss gold referendum on Monday just after the referendum but I decided to wait a week and analyze its impact better. I think I was right.

And just like that, the list of countries who want to repatriate their gold just increased by one more, because after Venezuela, Germany, the Netherlands, sorry Switzerland, and rumors of Belgium, we now can add Austria to those nations for whom the "6000 year old barbarous relic bubble" is more...

Austria Considers Repatriating Its Gold, 7 Questions Gold Bears Must Answer, The Golden Age, The Coming Wealth Transfer, Banks Panicking As London Gold Hub Implodes

This news should have made the front page but it was hardly mentioned at all: Italy’s public debt is just a notch away from the speculative category!

According to VTM Nieuws, Belgium is contemplating the repatriation of its gold reserves. It only has a limited amount of gold stored at the Belgium National Bank (BNB); the bulk of Belgium’s reserves is held at the Bank of England, a portion is held at the Bank of Canada, and another portion at t...

Belgium Looking to Repatriate its Gold Reserves, Backwardation, What's Driving Gold Now?, Gold in Foreign Currencies, New G20 Rules