Central banks

The debate about central bank losses (which applies not only to the eurozone but to many countries in the West) shows us more than ever how much our system of unlimited debt is suffering. A new paradigm must be opened as soon as possible, where money creation would be rethought in depth to truly ser...

Central bank gold demand in 2023 picked up from where it left off in 2022. In January, central banks collectively added a net 31 tonnes (t) to global gold reserves (+16% m-o-m). This was also comfortably within the 20-60t range of reported purchases which has been in place over the last 10 consecuti...

For at least half a century, the world has been in a process of self-destruction. As the decline accelerates, the next phase of 5-10 years will include major political, social, economic as well as wealth – destruction.

For the time being, although the U.S. economic numbers are not impressive, they do show some resilience, especially on the consumer side. Unfortunately, the situation in Europe is quite different. The geopolitical event of the week is China's dramatic shift in rhetoric toward the United States.

Central banks are buying at a historic pace, demand for physical gold is rising sharply, and gold mining production is stagnating due to rising costs. This trend is indicative of a new equilibrium that is, so far, a bullish factor for the gold price.

Gold is still very high relative to rates, probably because of the US fiscal risk and new inflationary expectations. This strength is also explained by the worsening geopolitical context and the stalemate in the Ukraine. Any threat of new sanctions now acts as a support for the price of gold.

There is no longer any doubt: the dollar is on the verge of losing its status as an international trade currency across a large part of the globe. The BRICS want to return to a gold-backed currency. The revolution of 2023 will be as significant as that of 1789 in the overthrow of the established ord...

Savers are not the only ones who have become poorer in the last two decades. Companies have also experienced a shortfall compared to the gold prices rise. If these companies had invested even a small part of their cash flow in gold, it would have greatly improved their financial situation...

Gold was a far more loyal asset than stocks and bonds in the turbulent times of 2022; and given that 2023 portends to be even worse, we can expect better loyalty from this so-called “barbarous relic” of the past.

Russia's finance ministry said will reset the share of euro in its National Wealth Fund (NWF) starting from this year, leaving only gold, Chinese yuan and rubles.