News Articles

The Russian Central Bank announced last week that its gold reserves had reached 56.1 million troy ounces (approximately 1,745 metric tons). The total included an additional 500,000 ounces (approximately 15.5 metric tons) of gold added in August . . . .

His prior forecasts noted that countries around the world would soon stop trading commodities like oil in the U.S. dollar, something we’re already seeing with China, Russia, Iran, and Venezuela, all of which are preparing non-dollar, gold-backed mechanisms of exchange . . . .

Bridgewater Associates founder Ray Dalio, the 68-year-old founder of the world’s largest hedge fund (160 billion under management), said bitcoin is "in a bubble" during an interview on CNBC Tuesday morning, arguing that the so-called currency is too difficult to spend, and too volatile to be a useful store of value . . . .

According to GJEPC data, the gold bar imports by the country jumped higher by nearly 40% in August this year . . . .

Goldman Sachs Admits There’s Nothing Better than Physical Gold in a Crisis . . . .

One bank maintained its $1,400-an ounce outlook for gold Monday even as prices cooled on profit-taking, commenting that the precious metal was not yet in overbought territory . . . .

Silver has surged 12 percent in the past month — but one trader appears to believe that the real rally may just be getting started . . . .

Gold held near its highest in more than a year on Friday as weak economic data lowered expectations of a December interest rate rise in the United States . . . .

The largest Russian bank, Sberbank, is planning to increase the supply of gold to China up to 10-15 tons in 2018. Keeping in mind that both the Russian ruble and Chinese yuan are covered by gold, this step is a part of the “de-dollarization” of their economies . . . .

The price of gold rose to a one-year peak on Thursday after the dollar tumbled on the back of weak U.S. jobs data and an unchanged growth and inflation outlook from the European Central Bank . . . .