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Precious Metals
02/10/2023
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By Arsenio Toledo
China is replacing its US Treasury holdings with GOLD
China is accelerating its selling of United States Treasury securities and replacing its holdings with more gold. Since 2008, the communist nation has been one of the largest foreign holders of U.S. Treasuries. It started selling off its U.S. Treasuries slowly in 2018, right around the same time when the country started buying more gold. […]
02/08/2023
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By Roy Green
Russia boosts gold stock to cushion impact of US, EU sanctions
Russia went on a gold-buying spree last year out of necessity. It wants to cushion the full impact of the trade and economic sanctions imposed by the United States and the European Union (EU) nations following its invasion of Ukraine on February 24, 2022. According to Finance Ministry data obtained by Reuters on Feb. 3, […]
02/02/2023
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By Belle Carter
Precious metals expert predicts new silver bull market in the next 3-5 years
Rick Rule, a renowned investor and precious metals expert, has noted that macroeconomic factors are currently setting up an extremely bullish market for gold. Once this momentum is established, he added, movement into silver will start because of its low unit cost. “As soon as this starts, the upside can be tremendous,” Rule told host […]
02/01/2023
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By Arsenio Toledo
Demand for gold surges to highest rate in over a decade as world’s central banks continue buying spree
The World Gold Council (WGC) reports that demand for gold from central banks has surged to its highest rate in more than a decade in 2022, as central banks turn to gold as a haven asset during this period of heightened geopolitical tensions. The WGC reported that annual demand for gold increased by 18 percent […]
01/23/2023
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By Roy Green
Gold price jumps to 8-month high, eventually settles above $1,900 level
Gold prices vaulted to their highest in eight months on Jan. 17 before settling at the $1,900 level. This followed the U.S. dollar tumbling and inflation slowing down, raising hopes of lower interest rate hikes from the Federal Reserve. The U.S. gold futures contract reached $1,931.80, the yellow metal’s highest since hitting $1,935.50 on April […]
01/20/2023
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By Arsenio Toledo
Global DE-DOLLARIZATION is on the way as world’s central banks buy gold at fastest pace in 55 years
The world’s central banks are buying gold at the fastest pace since 1967, and metals expert Andy Schectman warned that people need to follow suit and invest in precious metals to avoid the worst impacts of this global de-dollarization. Data compiled by the World Gold Council, an industry-funded organization, show that demand for gold has […]
01/10/2023
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By Belle Carter
Gold Newsletter: 2023 will be a bearish year for stocks and bonds, but a bullish one for precious metals
The 2022 year-end issue of the Gold Newsletter predicted that financial trends for 2023 will be bearish for stocks and bonds and bullish for gold and silver. Investors are more willing to buy in a bullish market and are likely to sell in a bearish market. Brien Lundin, long-time editor of the news letter, elaborated on these […]
01/10/2023
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By Arsenio Toledo
MORE METAL: China’s public gold holdings now over 2000 tons after another huge purchase in December
The central bank of China has acquired another 30 tons of gold in December, bringing the communist nation’s total public gold holdings to 2,010 tons. Data uploaded onto the central bank’s website on Saturday, Jan. 7, showed that the People’s Bank of China (PBoC) has raised its holdings for the said month. This follows the announced […]
01/06/2023
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By Belle Carter
Gold prices soar to 6-month high, widely expected to go higher in coming months
Prices of gold soared to a six-month high in the early hours of Tuesday, Jan. 3, according to trading data. CNBC reported that the precious metal’s cost peaked just below $1,850 per troy ounce before easing off to trade around $1,838. U.S. gold futures were up one percent at $1,844.10. Analysts believe the rally will continue throughout the year. The news portal also cited […]
12/22/2022
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By Belle Carter
Comex: Silver is being drained from the vaults since the start of 2022
The current trends from Comex, the global derivatives market that allows trading in futures contracts of gold and silver, show that silver is being drained from the vaults since the start of the year. New York-based precious metals dealer SchiffGold wrote on its website that the drainage since the start of the year has been […]
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