Gold has been and still is a de facto currency of last resort. When everything else fails gold shines again. In addition, both China and Russia are preparing themselves for the possible collapse of the present monetary system by buying as much gold as possible.
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The People's Bank of China may have tripled its gold stockpile since April 2009, when it last gave an official number, which Bloomberg Intelligence estimates to be 3,510 metric tons, second to United States 8,133.5 tons of gold.
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Interview with David Morgan (The Morgan Report - Silver-investor.com) on silver and its relation to gold
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Max Keiser interviews Egon von Greyerz about capital controls in France, QE, gold and the economic and financial disasters wrought by central banks.
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India’s official gold imports in 2014-15 stood at 900 tonnes — 36% higher than the previous year’s 665 tonnes, indicating households’ strong preference for the yellow metal as a savings option.
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Chris Powell (GATA) explains why global central banks are intervening in the gold market.
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Finance Minister Arun Jaitley has announced schemes to curb gold imports and monetise large idle stocks of the precious metal.
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From 20th March 2015 the historic London Gold Fix will be discontinued and replaced by the LBMA Gold Price.
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France, Germany and Italy have all agreed to follow Britain’s lead and join the Asian Infrastructure Investment Bank (AIIB)
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The billboard was from the Bank of China. It said: “RMB: New Choice; The World Currency”
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