Asia

China extended its gold-buying spree, adding to reserves for a sixth straight month, as the protracted trade war with the U.S. hurts growth expectations and boosts demand for a portfolio diversifier.

There has been a lot of publicity about central banks having bought substantial amounts of gold in 2018, in total 651 tonnes which is the highest in 50 years. In relation to this gold story about central banks, it is not that they bought gold which is the real news. The important point is who bought the gold.

Yet while Moscow's appetite for gold, which has doubled Russia's international gold reserves over the past three years, remains unparalleled, Beijing has also quietly joined its northern neighbor in casting a smaller if just as material vote of no confidence in the dollar.

It is virtually impossible to prepare for a potential extended downfall but what we can do is to prepare for the short term and protect our investment assets.

For anyone who doesn’t understand the necessity of owning gold, just go through the list of risks in the Time Bomb. And once you have gone through it, go through it again and again and again. The list includes 3 dozen reasons why you need to hold physical gold as protection or insurance against unprecedented global risk.

After China's official gold reserves rose for the first time in around two years (since Oct 2016) in December, Beijing appears to have joined the global gold rush, increasing its gold reserves for the third month in a row in February to 60.26 million ounces.

History’s biggest bear market in fiat money and bull market in eternal money or gold is about to start. You will ignore it at your peril.

Once the Maginot Gold Line is broken, that creates the conditions for the Chinese Gold Line which means a panic to get hold of gold and permanent shortages. So the current complacency in the West that gold has lost its lustre and serves no purpose is extremely dangerous.

China has joined a global central bank gold rush in the last two months by increasing its official gold reserves, even though the purchase remains modest compared to the volume of the mainland’s foreign exchange reserves, according to data released by the People’s Bank of China on Monday.

A surge in gold purchases by central banks to the highest since 1967 helped push global demand for the metal up 4 percent last year, the World Gold Council (WGC) said on Thursday.