News Articles

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 . . . .

Jim Rickards and Eric Sprott – neither are from the truly fanatical end of the gold bull community – both reckon gold is going to $10,000 an ounce – not in the short term, but over time, and they are probably right . . . .

One of the great things about owning gold is that anyone can do it from virtually anywhere in the world. It certainly has a democratizing impact on protecting one’s wealth . . . .

Silver prices continued higher on Tuesday, reaching fresh 12-week highs as the dollar extended its downward spiral . . . .

India’s past and future are colliding in Anand Ghugre’s family jewelry shop in Mumbai . . . .

Another government shutdown could be coming down the pike if Congress doesn’t give in to President Trump’s demands for border wall funding. But no matter how the situation plays out, it could be a unique win-win situation for precious metal owners . . . .

2 million ounces of gold were dumped on the gold market in a minute on Friday, just ahead of Janet Yellen’s speech at Jackson Hole – and, apart from a brief downwards spike to below $1,280, the gold price rapidly climbed back to unchanged.  This has to be an incredibly bullish signal for gold in that even this amount of presumably paper gold thrown at it (62.2 tonnes) couldn’t keep the gold price down . . . .

Dollars are created as debt. More dollars in circulation = more debt. More debt means consumption is “pulled forward” from the future so consumption can occur now. This usually ends badly . . . .

There is no denying gold is viewed as a safe-haven asset; the metal recently rallied on heightened uncertainty in the marketplace. And, to one executive in the gold space, investors should look to get their hands on physical gold right now . . . .