Gold is nature's money.
An important change has unfolded in the global gold market. The East has been driving up the gold price, predominantly in late 2022 and the first months of 2023, breaking the West's long standing pricing power.
Dollar Hegemony Is Ending Due to Geopolitical Changes
...and will likely continue for many years - BMO
The signs are clear for the metals to rise as the banks start positioning themselves for long positions.
Poland's national bank has increased its gold holdings by 2.3 million ounces since the start of the year...
"For Gold-backed money to work, 100% convertibility is needed. Paradoxically, convertibility only works when no-one actually converts."
China deflation, Italian authorities watering down bank-tax threats, and fears about the AI Boom's reality (SMCI's comments dragged down NVDA) were the headline narrative-shapers of the day... but all anyone cares about is the giant event risk mounta
Financial developments in the Russian and Chinese axis are being generally ignored.
In the world of precious metals, the economic sky is always supposed to be falling. For years, even decades, gold and silver companies have relied on fear to drive people into purchasing precious metals.
Friend of Fringe Finance Lawrence Lepard released his most recent investor letter this week.
The G7 leaders say they are committed to reaching so-called "net zero" emissions by 2050 after halving global emissions by 2030.
In the age of fiat currency, the distinct concepts of saving and investing have become conflated and confused. Saving is producing more than you consume and then setting it the difference aside.
JP Morgan forecasts $2,000 gold by the end of the year with the price continuing to rise to record highs in 2024.
The traits most associated with 'Money' is Divisible - Portable - Acceptable - Scarce - Durable - Stable in Value. But to retain these values, there are some characteristics that cannot be associated with a functional long-term money.
Good morning: A couple days ago Russia announced publicly their intention to use Gold as a payment solution in international commodity trade. They intend to start with Grains, a food mainstay.
In this week's episode of Live from the Vault Andrew Maguire updates us on the UAE-India economic agreement and how this may affect silver demand, along with the Q3/4 developments in the paper vs physical gold battle.
The market (i.e., billions of individual decisions) cannot be defeated by decisions of the few (i.e., authoritarians, utopians and busybodies). The few can temporarily manipulate and distort the market, but it's always a fool's errand. The market ult
Initial jobless claims were better than expected but Philly Fed Manufacturing, Existing Home Sales, and Leading Economic Indicators all weakened and disappointed.
International Man: There have long been rumors that Russia or China would create a gold-backed currency, but there was never a formal acknowledgment… until recently.
The dollar fiat monetary system may soon get some desperately needed competition. The nations that make up BRICS will soon be announcing a new gold-backed currency. The printing of trillions upon trillions of dollars, and the use of the dollar system
'This is the most insane thing ever'
How GOLD, silver and CRYPTO meet the definition of "honest money" while DOLLARS fail!
- If the American Economy Collapses
"...it could be, first and foremost, a major challenge to the US dollar's hegemony..."
The old idiom has lost its meaning. "Like money in the bank" used to me mean safety and security, something you can count on to be there when you need it.
According to state-run Russian Television (RT), the Russian Government HAS CONFIRMED Brazil, Russia, India, China and South Africa, known as the "BRICS" nations, will introduce a new trading currency backed by Gold.
As you may know, demand for physical silver is at an all-time high. However, demand for COMEX digital silver is at an eleven-year low. What gives?
From crypto-hater in 2017, the CEO of the world's largest asset-manager is now suddenly 'shilling' for Bitcoin just days after BlackRock's Bitcoin ETF filing...