Central banks

Japan is said to have agreed, in return for tariff cuts, to use part of its sovereign wealth funds to finance US strategic projects. Confidence is crumbling. Gold is becoming the last credible refuge for Japanese households and institutions.

The BRICS have placed at the heart of their arguments the urgency of sovereignty for all nations, the end of globalization as we know it, and an ideological change in the face of the civilizational crisis that the West is undergoing. From an old world based on excessive financialization and limit...

China, the world’s largest gold producer and consumer—and the second-largest silver producer—has unveiled a national strategy to boost precious metals mining. To implement this policy , there is only one way: Let the prices of gold and silver rise by making the mechanism of "supply and demand" wo...

Government bonds are no longer perceived as risk-free assets, and their long-term growth potential is now in doubt. In this context, accelerating the pace of debt emissions becomes a real challenge. If the Fed were in turn to intervene in very short maturities to artificially support Treasury emi...

The UK bond market is under pressure, in an unstable global context marked by friction between the Fed and the Treasury and high sensitivity to uncertainty. Physical gold is becoming an instrument of economic survival and a bulwark against the erratic decisions of the authorities.

In a climate of widespread mistrust of the dollar and US economic policy, a fundamental trend is gathering pace: de-dollarization. China, at the forefront of this strategy, is methodically reducing its dependence on the greenback while at the same time stepping up its purchases of gold and the in...

Many banks, governments and large funds are buying gold on a massive scale via perfectly legal but off-market channels. This is a growing trend, mainly in the Middle East and Asia, which makes the measurement of gold's value more complex than it first appears.

In a stagflationary environment — marked by sluggish growth, persistent inflation and growing consumer unease — the yellow metal is once again playing its role as a safe-haven asset.

If the yield curve steepening bet reverses, it could have a significant impact on the gold price. In a scenario where long rates fall rapidly - for fear of recession or a return to caution by central banks - gold would benefit. Falling real interest rates would make the metal more attractive, and...

Some pro-bitcoin people claim that crypto will downgrade and absorb gold to become the sole store of value in the future. How can we seriously envisage that gold, recognized, hoarded since the earliest civilizations, could one day be worth nothing? Wouldn't the two assets instead complement each...