Dedollarization

  Gold started a short-term down trend within a longer down trend on June 22 and as of July 3, it is testing it to the upside but has not broken it yet, closing the week at $1,168.40. The longer down trend started around May 20 remains intact.     Silver is also in a downtr...

An article in the Swiss newspaper Bilan published last week states that the weight of gold in the global economy amounts to $172 billion. This is a relatively modest number, slightly lower than Apple’s annual turnaround, for example. Is that all that gold weighs?

Summary On June 1, 2015, JPMorgan added almost exactly enough ounces of physical gold to patch the deficiency between supply and delivery demand at COMEX, avoiding widespread dealer default. Declassified documents, along with strong circumstantial evidence indicate that it was not JPMorgan, b...

Bank of China Ltd. will become the first Chinese bank to join the auction process that sets gold prices in the London market.

  Transcript: 1) Gold broke last week a downtrend started in mid-May while silver remains within the downtrend with no indication as of now it intends to follow gold and break out to the upside. Gold stopped short of $1,195 resistance level and silver dropped from $16.2 and is approachin...

New charts added in covering the new CME Futures Contract for Hong Kong Kilobars.

So many articles and books have been written about gold as money, but so few about silver. However, a lot more silver has been used as money than gold, mostly because of its lower value and therefore being easier to transact for day-to-day needs.

Finance chiefs from the Group of Seven industrial nations agreed on Friday that including China's renminbi in the International Monetary Fund's currency basket is desirable, but a technical review must be completed first.

According to central bank data, Russia's gold reserves rose to 40.1 million troy ounces as of May 1 compared with 39.8 million ounces a month earlier.

Russia and China are setting the stage for a gold-backed currency, in preparation for the day the Dollar reserve hegemony finally ends.