BRICS

In an unabated buying spree, China has continued to expand its gold reserves for a seventh consecutive month, reinforcing the sustained global demand for the precious metal among central banks.

For the first time in several years, the People's Bank of China (PBoC) is once again publishing its purchasing data. This change in behavior is not insignificant, and testifies to the country's determination to establish itself as a major player in the gold market.

Investors' infatuation with tangible assets and the gradual abandonment of growth stocks is likely to be the theme of late 2023.

Tectonic shifts lie ahead. These will involve a US and European debt crisis ending in a debt collapse, a precipitous fall of the dollar and the Euro with Gold emerging as a reserve asset but at multiples of the current price.

When the banking system is multiplying bankruptcies, the US Treasury is preparing to default on its debt, real estate prices are collapsing and emerging countries are abandoning exchanges in dollars, there is only precious metals to protect its capital. Gold and silver are at the very start of an hi...

The realization of the disconnection between the paper market and physical supply is likely to come very late: it is only when copper reserves are almost exhausted that the importance of physical versus paper will be truly measured. This sudden realization, which will also occur in silver, could lea...

In the face of the current transformation of the world economy, gold seems to be the safe haven asset par excellence, especially for central banks. Many of them are seeking to diversify their reserves in the face of inflation, rising geopolitical tensions and, last but not least, with the aim of rea...

China's gold reserves rose by 8.09 tonnes to 2,076.47 tonnes at the end of April, marking the sixth consecutive monthly increase in gold holdings.

Matthew Piepenburg shares his views in this extensive interview with Daniela Cambone of Stansberry Research, covering the Fed, petrodollar and de-dollarization, banking risk and gold.

Without a quick solution to the threat of a payment default, we risk entering a new systemic crisis, this time affecting one of the pillars of the financial system.