global economy
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World Top 20 Gold producing nations in 2017
(Read More)London-based precious metals consultancy, Metals Focus, released its 100 pages plus annual analysis of World Gold Supply and Demand today, and, as usual the publication contained a huge wealth of information on the subject – more than sufficient for the serious gold analyst to spend several days digesting . . . .
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The Rush to Gold will Accelerate as the Dollar Collapse Gains Momentum
(Read More)The US dollar has been dominant as the global reserve currency for a century. It was backed by gold, and the phrase, “good as gold,” had a literal meaning . . . .
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China Leaving West Behind in Race for Electric-Car Raw Materials
(Read More)China is first out of the blocks in the global race to secure raw material supplies critical for the batteries that will power the electric vehicles of the future . . . .
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Economic crisis looming?
(Read More)Hungary latest country to repatriate gold . . . .
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While U.S. piles up debt, Russians are hoarding gold
(Read More)It’s a little-known fact in the West, but Russia has very little sovereign debt. In fact, if you ignore the corruption and misallocation of capital in the Russian economy, you could make the case that Moscow has been more financially responsible than Washington over the last several decades . . . .
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Fidelity’s McQuaker buys insurance in gold
(Read More)Investors should not take it for granted that inflation will rise from here, but whatever the direction of markets, gold is a prudent investment right now, according to Bill McQuaker, multi asset investment manager at Fidelity . . . .
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Gold Still Sluggish on Trumps Comments
(Read More)Yesterday, the President’s comments left all the currency traders and the Gold traders scratching their heads. The price of Gold was enjoying a healthy sustained rally after the Treasury Secretary Steve Mnuchin indicated that a weak dollar was in the best interests of our economy . . . .
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Dollar drops, gold soars as U.S. starts to lose control
(Read More)If gold trading this morning in Europe is anything to go by, gold is headed for US$1,350 an ounce . . . .
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Dollar hits three-year low against euro
(Read More)Sterling and yen also make gains against dollar as US markets close for holiday . . . .
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When central banks are buying gold, should we just sit & watch?
(Read More)Central banks are hoarding gold. China, Russia and many Asian and West Asian central banks have started accumulating gold. Now that the fashion of hoarding gold is back, let us see the fundamental reasons behind it . . . .