Central banks

As the US government's difficulties in financing its debt increase, the central banks of other countries are increasing their purchases of physical gold. The ultimate value of the yellow metal is gradually being realized. Gold is once again becoming the ultimate insurance against default.

Central banks bought a record 399 tonnes of gold worth around $20 billion in the third quarter of 2022, helping to lift global demand for the metal, the World Gold Council (WGC) said on Tuesday.

The global travelling circus is now reaching ever more nations just as expected. This is right on cue at the end of the most extraordinary financial bubble era in history. It is obviously debt creation, money printing and the resulting currency debasement which creates the inevitable fall of yet ano...

Energy crisis in Europe, monetary policy in Japan, situation in China: black swans follow one another. Gold is taking advantage of the dollar's decline to breathe a little.

As central banks’ interventions continue to increase, the volatility in all markets is not going to go away! Under these conditions, how can we be surprised to see more and more investors seeking the stability of an investment in physical gold in order to regain some serenity in a financial world wh...

Gold is a historical bulwark against currency depreciation. Percentage of original value of the US Dollar, British pound and Japanese yen relative to gold in 1900.

Therefore today is not the time for greed, hoping that markets will grow to the sky. Instead, now is the time for wealth preservation and protecting what you have. Otherwise, wealth which has been acquired over several decades could easily evaporate in the next few years.

The rush into physical metal comes at a time when the global margin call is affecting funds that are liquidating their long positions in the futures market. Speculators are increasing their short positions in anticipation of a collapse in demand for metals due to the looming global recession.

As the constraints of rationing, loss of purchasing power and taxation of wealth loom large, this situation is reminiscent of the 1930s and Franklin Delano Roosevelt's confiscation of gold.

In this video, Egon von Greyerz and Matthew Piepenburg, discuss a range of current yet undeniably important as well as converging themes. This, of course, includes the significance of the most recent “Lehman moment” at Credit Suisse in the backdrop of falling markets, imploding currencies, steady in...