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While bankers claim inflation is under control, the rising price of gold signals deeper concerns. Meanwhile, central banks quietly hoard gold to shield themselves from their own expansionary policies. One must wonder: what are they bracing for?
The Biden Administration’s Consumer Financial Protection Bureau (CFPB) just issued a proposal to ban medical debt from factoring into your credit score. But for free-money socialists and their Keynesian bedfellows, this doesn’t go nearly far enough: short of canceling medical debt entirely, nothing else is acceptable.
On one hand, the Band of Japan says that it wants long-term interest rates to be dictated by market forces. But on the other hand, the BoJ has been spending 6 trillion yen per month buying bonds to prop up its currency. In other words, it’s doing everything in the world to control short-term interest […]
Paul Buitink, host of the Reinvent Money show, recently interviewed Peter on debt in Europe, possible futures for various currencies, and government monitoring of crypto and gold.
It’s already looking like it could be a dramatic year for the US dollar, and a good time to check in on a few of the major troubled currencies around the world: the Turkish Lira, Argentine Peso, and Russian Ruble.
In this week’s Friday Gold Wrap Podcast, JD and Joel discuss why gold is down this week, Powell’s comments on 60 Minutes about the debt, and some Valentine’s Day thoughts inspired by Austrian economist Carl Menger.
Total gold demand hit an all-time high in 2023, according to a recent report released by the World Gold Council. Last week, the World Gold Council (WGC) released its Gold Demand Trends report, which tracks developments in the demand for and use of gold around the world. Excluding over-the-counter (OTC) trade, 2023 gold demand fell slightly from 2022 […]
After setting a record through the first half of the year, central banks continued to gobble up gold in the third quarter. Globally, central banks added a net 337 tons of gold in Q3, the second-highest third-quarter total on record behind 2022. Through the first nine months of the year, central banks bought a net […]
Yet another country wants gold. On Monday (Sept. 25), the Bank of Tanzania (BoT) announced it is buying gold from domestic sources to establish its own reserves.
Poland is buying gold again. The National Bank of Poland added nearly 15 tons of gold to its reserves in April, according to data published by the bank last week. It was the largest increase in the country’s reserves since June 2019 when the bank boosted reserves by almost 100 tons.
Note: This article has been edited with additional data reported by the World Gold Council released after publication. After charting the highest level of net gold purchases on record in 2022, central banks started out 2023 right where they left off. Central banks globally added another net 77 tons to their gold reserves in January, […]
