Archives for May 2020

By: Peter Klein No sooner had the COVID-19 recession hit the US economy—with its mandatory business and school closures, travel bans, shelter-in-place orders, and a massive drop in commercial activity—than politicians, academics, journalists, and … [Read more...]

The Swiss National Bank (SNB), which has turned into a hedge fund in recent years, is said that it will not touch its gold reserves. Speaking at a UBS AG virtual conference in Zurich, SNB head Thomas Jordan confirmed that it does not intend to buy … [Read more...]

After years of accumulating gold, will central banks continue to stockpile the precious metal? A new survey suggests yes. According to the World Gold Council's Central Bank Gold Reserves (CBGR) survey, 20 percent of poll central banks plan to … [Read more...]

The consensus is that gold prices have more room for growth, especially with all the money-printing occurring aroudn the world. But where is the yellow metal heading? Citibank recently updated its forecast for gold prices, and commodity … [Read more...]

By: Andrew Moran In response to the Great Recession a decade ago, the international community fired off the big guns to stave off the inevitable decay of the global economy that had been manipulated and distorted through the Keynesian … [Read more...]

For the first time in nearly a decade, China became a net exporter of gold, according to Hong Kong Census and Statistics Department data. Hong Kong imported 10.3 tons of gold in April, down from 13.5 tons of exports in March. In total, Chinese … [Read more...]

By: Stefan Gleason The China virus, the economic lockdowns, and the multi-trillion-dollar rescue efforts of central bankers have dominated markets over the past three months. However, as lockdowns gradually lift and the 2020 election … [Read more...]