China's Gold Reserves at 62.64 mln ounces at the End of May
Value of China’s gold reserves rises to US$108.29 billion at end of May, from US$106.67 billion a month earlier
Read articleValue of China’s gold reserves rises to US$108.29 billion at end of May, from US$106.67 billion a month earlier
Read articleHistory repeats itself with staggering similarity. The Crises of the 3rd Century and today have much in common. All empires have the seeds of their own destruction within them. So if we look back almost 2000 years to the Roman Empire we will find exactly the same symptoms as today.
Read articleThe resulting record divergence in gold futures vs spot unleashed a flood of physical gold into the US as a record scramble by traders rushing to take advantage of this arbitrage opportunity by shipping bullion to New York sparked what Bloomberg said "may be one of the largest ever physical transfer...
Read articleWill gold be confiscated? Yes, of course, it could be. Desperate governments will take desperate actions. And as the world economy is now slumping into a hyperinflationary depression, unlimited money printing will cause currencies to collapse, leading to a surge in the gold price measured in worthle...
Read articleTo what extent will European banks withstand the current crisis? This is a crucial question because the recession we are experiencing could be followed by a banking crisis that would affect the whole economy even more severely. A CEPII study, entitled "European Banks and the Covid-19 Crash Test", sh...
Read articleVenezuela has launched legal proceedings to try to force the Bank of England to hand over $1 billion worth of gold, claiming it needs the money to fund an appropriate response to the coronavirus pandemic.
Read articleHow can anyone believe that the fake world the Fed and their fellow central bankers have created has anything to do with reality.
Read articleThe financial crash of March allowed the silver to go to make its pull-back on the resistance, which came from the summit of 2011, and had been crossed on June 18, 2019.
Read articleThe ruling of the Federal Constitutional Court sets Germany against the EU. A planned crash? Southern Europe cannot exist without tourism. But the bang will probably come from the US, which despite huge QE programmes is plunging into a depression that will make the 1930s seem small.
Read articleGold will be the only winner in the current crisis. This is the opinion of a bank's (Natixis) research department, which is not so common, it should be pointed out, as financial institutions rarely speak highly of the precious metal, as it is precisely because it allows one to free oneself from the...
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