News Articles

Debt issued behaves like printed money until that debt is payed back.  That’s the dirty little secret that bona fide economists don’t discuss, at least in public . . . .

Tax raised three times in 2013 to curb higher imports. . . . 
Demand seen shrinking in 2016 to the least in 7 years. . . .

Can Western gold investing rely on China + India to put a floor under 2017 prices . . . .

Inflation can be understood as the destruction of a currency’s purchasing power. To combat this, investors, central banks and families have historically stored a portion of their wealth in gold. I call this the Fear Trade . . . .

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the World Gold Council have made an important decision which was announced yesterday at the World Islamic Banking Conference in Bahrain . . . .

Gold followers will hardly be unaware that every time a Fed Open Market Committee Meeting draws near the gold price moves, often quite sharply, on the will she, won’t she prospect of Janet Yellen announcing that at long last the Fed will start to raise interest rates again . . . .

Britain’s HSBC bank is projecting gold at $1,550 per ounce by the end of 2017. Trump’s protectionist stance in the campaign, if he follows through with it while in the White House, could trigger trade wars that will destabilize global markets, which would boost gold prices . . . .

Russia is hoarding gold at a breathtaking pace, and the Russian Central Bank is now the world’s largest buyer of gold . . . .

The US dollar climbed on Friday to its highest level since 2003 on continued bets on faster inflation and higher interest rates, while Treasuries resumed a sell-off that left yields at their highest levels of the year . . . .

Analysts cited news reports that the Russian central bank bought around 48 tons of gold in October, the biggest monthly gold purchase of this millennium . . . .