Central banks

With such a large quantity of gold, it is evident that the Euro Area will play a major role in any reset of the international monetary system that will involve gold.

This anemic growth, this ever-delayed recovery and this QE tapering should normally be worrisome for the stock market, but things are staying put for now. How is that?

The size of the physical silver market is of $20 billion, whereas Bloomberg is mentioning $5 trillion.

Both Russia and China have decided to put gold at the center of their currency war against the “exorbitant privilege” of the US dollar.

Up another 300,000oz (9.3 tonnes) in the last month. Russia is a solid accumulator - same as China.

Mario Draghi came out with several announcements on June 5 which have been very well received by pundits. These measures are supposed to encourage banks to make loans to businesses and, thus, help in sustaining the recovery. Let’s see what these measures really entail.

We cannot understand today’s gold market without understanding the role China and, in a different way, India play in it. The gold market in general is very opaque and the Chinese one, in particular, is even more. In this article, I will look at China’s role in the gold market.

There always is this media noise, constantly repeating itself, about optimistic growth predictions, but only real results should count, and they are not good at all.

According to the Wall Street Journal, Germany’s central bank would accept a move by the ECB in June if the outlook on inflation warrants it. The Buba now is siding with the general assumption that we have to fight deflation risks by turning on the printing press.

They say that gold is a geopolitical metal. Gold is real money with no counterparty risk and, furthermore, an excellent wealth preserver in time and space. Like fiat currencies (dollar, euro, yen, Yuan etc.), gold’s price is also influenced by political events, especially those having an internat...