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POSTED ON October 8, 2020  - POSTED IN Key Gold Headlines

Gold-buying by central banks has slowed from the record pace we saw in 2018 and 2019, but many countries continue to load up on the yellow metal.

August saw the first net global decline in central bank gold holdings, but the number was skewed by a big sale by one central bank. Overall, seven countries increased their gold reserves by a ton or more in August, tying February for the highest number of buyers in a single month this year.

POSTED ON August 11, 2020  - POSTED IN Key Gold Headlines

Central banks added another net 18.1 tons of gold to their reserves in June, according to the latest data from the World Gold Council. The net total was pulled down by a significant sell-off by Columbia’s central bank.

POSTED ON June 9, 2020  - POSTED IN Key Gold Headlines

The pace has slowed somewhat this year, but central banks are still buying gold, and the World Gold Council expects central bank demand to continue over the next 12 months.

In April, central banks globally added another net 31.6 tons of gold to their reserves, despite Russia following through on its commitment to suspend its buying program.

POSTED ON March 25, 2020  - POSTED IN Guest Commentaries

The Federal Reserve launched QE infinity this week. The Fed has committed to buy an “unlimited” amount of US Treasuries and mortgage-backed securities. But that’s not all. The central bank also announced it will buy some corporate bonds for the first time ever.

In effect, this is money-printing on a massive scale. And of course, pumping trillions of dollars into the economy will have ramifications. We may well be on the path to hyperinflation.

POSTED ON February 17, 2020  - POSTED IN Key Gold Headlines

A bill introduced in the Wyoming House would establish a precious metals bullion depository in the state. It would not only create a safe place to store precious metals; it could also facilitate the everyday use of gold and silver in financial transactions in Wyoming and set the stage to undermine the Federal Reserve’s monopoly on money.

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