News Articles

Today the World Gold Council released a study on the Diversification Strategies being used by Central Banks to move from holding U.S. Dollars and Euros, into Gold.

I believe this is well worth reading at
http://www.mintstategold.com/Central_Bank_Diversification_Strategies-WGC_032013.pdf

Chinese must buy gold to hedge their increasing dollar exposure explains gold guru Jim Sinclair - 

"There is no doubt in my mind that the price of gold is going to and through $3,500 with unimaginable volatility. All that anti-gold forces can accomplish is to add outrageous volatility to the gold market which will continue and increase in price spread for both the ups and downs . . . ."

China’s foreign currency reserves, which have surged more than 700 percent since 2004, are enough to buy every central bank’s official gold supply -- twice . . . .

Gold prices may have fallen in the short-term, but this bull market is far from over

Only a week ago, the price of gold plunged below $1600 due to the US Federal Reserve’s Federal Open Market Committee minutes from its latest meeting at the end of January. Although prices began to slip ahead of the release of  the minutes, the selling accelerated after the minutes hinted that the Fed could possibly end its QE3 debt-monetization campaign sooner rather than later . . . .

Stocks tumbled by the most in three months yesterday after news that Federal Reserve members are divided over the effectiveness of money printing through QE. The markets reacted as though the inflation of . . . .

An audit by Treasury’s Inspector General’s Office of the Federal Reserve’s NY vault gold and a L.A. Times story on the audit may be misleading, an economist maintains . . . .

The U.S. government’s gold in New York is safe in a vault underneath Manhattan, and some of the precious metal there is purer than previously thought.That’s according to a first-ever audit conducted last year by the Treasury Department of U.S. gold on deposit at Federal Reserve banks in New York and elsewhere . . . .

What a debacle! The G7 issues a rare statement on exchange rates that is intended to calm growing fears of an international currency war. Then they immediately turn around and start bickering amongst themselves about what it really meant . . . .

Did you hear the U.S. Mint just ran out of silver? In mid-January, the Mint suspended sale of the 2013 run of its popular U.S. “Eagles.”

The new silver Eagles sold out fast. They went on sale, and buyers bought everything they could lay hands on. Within days, the shelves at the Mint were stripped bare. It’s not the first time that this has happened . . . .

Central banks are not exactly short of things to worry about right now.The euro may well be on the road to a chaotic collapse, taking some of the world’s biggest banks with it. A currency war may break out between Japan, the U.S. and Europe. Printing money has run out of steam, but there is still little sign of the global economy returning to the kind of growth rates it saw before the credit crunch.

But in the long term what they should perhaps be most worried about is losing their monopoly on issuing money . . . .