Central Bank

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 . . . .

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

Unlike paper currency, coins or other assets, gold has maintained its value throughout the ages . . . .

Besides alerting us to how the expansion of fiat money is progressing, an objective of this exercise is to give some guidance on the price relationship with gold . . . . .

Central banks are piling into gold. They have been ever since the financial crisis blew up in 2008 . . . .

The consumer price index (CPI), a measure of inflation, came in hotter than expected Friday, registering 2.3 percent year-over-year in August on expectations of 2.0 percent . . . .

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

Bullish calls on the precious metal as prices rise in a turbulent market . . . .

Over the past two years, Russia has led the world in adding gold to her central bank reserves, ahead of the People’s Bank of China, the central bank that has added the second largest of amount of gold . . . .

Nations are over-indebted and facing a hard time controlling their deficits and public debt . . . .