News Articles

We are measured and surveyed around the clock, particularly regarding the facts of our economic lives — always of interest to companies trying to find a better way to sell us things. Yet there is at least one significant-seeming economic question with no reliable answer: How many Americans own gold? . . . .

Gold exports from Switzerland totaled 170 mt (metric tons) in May, up 39% from 122 mt in April, Swiss federal customs data showed Thursday . . . .

During the 2008 financial crisis, gold was used in international settlements as a zero-risk asset after many decades of being sidelined in the monetary system. Since then the world’s central banks have been substantially increasing their official gold reserves . . . .

Unlike regular investors, billionaire money managers like Ray Dalio and Stan Druckenmiller are professional investors. They have entire institutional teams at their disposal, dive deep into the nuances and complexities of the market, and spend every waking moment of their lives thinking about how to get more from their investments . . . .

Do you believe all of the gold that is supposed to be at the Fort Knox bullion depository is there? Now would be a good time to ask President Donald Trump to open the vaults to the public as was done in 1974 when Gerald Ford was President . . . .

India’s gold traders stocked up anticipating a higher Goods and Services Tax (GST), pushing up imports of the precious metal & widening the country’s trade deficit to 30-month high in May . . . .

This keeps Russia in sixth place among global national holders of gold after China in fifth, but closing the gap given China seems to have ceased to report monthly gold reserve increases since last October . . . .

Gold was down after the Fed’s hike, but I expect it to start heading higher again. Too many powerful forces are driving it behind the scenes. Dwindling physical supply is a major one . . . .

India, which vies with China as the world’s top consumer of bullion, is working on new policies to improve transparency and help expand its $19 billion gold jewelry industry, according to people with knowledge of the matter . . . .

Credit Suisse still looks for $1,400-an-ounce gold by the fourth quarter . . . .