News Articles

By far the greater bulk of gold owned in China is under the control of the Shanghai Gold Exchange, which is controlled by the Chinese Central Bank, i.e. The People’s Bank of China. Should they wish to confiscate their citizen’s and institution’s gold, it can be done overnight . . . .

Gold dropped for a seventh day this morning, heading for the longest run of declines since May, trading at $1,319 an ounce . . . .

Precious metal investors who have ridden the gold bull rally might want to switch some exposure to silver judging by an indicative valuation metric . . . .

According to GJEPC data, the gold bar imports by the country during the first four months of the current fiscal surged higher by 47% when matched with the previous year . . . .

The gold to monetary base ratio is at an all-time low. And before anyone says monetary base growth is not necessarily bad if the economy is growing, the velocity of money is also at an all-time low . . . .

How the UK’s Brexit vote has changed one’s perception of the safe haven value of gold. It would only take a relatively small dollar gold price increase, or a further drop in the sterling/dollar parity, which many analysts are predicting, to achieve a new record sterling gold price high . . . .

Credit Suisse has reiterated its late-June outlook that gold will rise to $1,475 in the fourth quarter. The view was included in a research note citing highlights from . . . .

Lord Rothschild, chair of the £3.04 billion Rothschild Investment Trust, has revealed that while he has significantly reduced his exposure to listed shares, he has responded to the prevailing economic uncertainty by buying gold . . . .

Ever since the Fed last raised its policy rate in December and has backed off further increases, asset markets (gold, commodities, bonds, stocks) have boomed in possible price bubbles . . . .

Investors should make use of gold’s lack of correlation with other assets, which makes it the best hedge against currency risk . . . .