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POSTED ON February 10, 2023  - POSTED IN Friday Gold Wrap

You’ve probably heard the saying that history might not repeat, but it often rhymes. If that’s true, looking back at the runup to the 2008 financial crisis and Great Recession should cause concern. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks at some of the parallels between then and now. He also digs deeper into the January jobs report and explains why you should be skeptical.

POSTED ON February 6, 2023  - POSTED IN Key Gold Headlines

Central banks closed out 2022 with reported net purchases of 28 tons of gold in December. Including large unreported purchases, this brought total central bank gold buying in 2022 to 1,136 tons. It was the highest level of net purchases on record dating back to 1950, and the 13th straight year of net central bank gold purchases.

POSTED ON January 31, 2023  - POSTED IN Key Gold Headlines

Gold demand grew by 18% to 4,741 tons in 2022, the highest demand in 11 years, according to data compiled by the World Gold Council.

Massive central bank purchases coupled with strong retail investor buying and slowing outflows from ETFs drove overall demand higher.

POSTED ON December 9, 2022  - POSTED IN Friday Gold Wrap

Mark Twain once said there are lies, damn lies, and statistics. The government excels in all three. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the recent jobs data. He reveals that the numbers just don’t add up and explains why the labor market might not be as awesome as the mainstream keeps telling you. He also talks about the newest data on central bank gold buying.

POSTED ON November 2, 2022  - POSTED IN Key Gold Headlines

Gold demand rose 28% year-on-year in the third quarter, driven by robust consumer demand for physical gold and central bank buying, according to data released by the World Gold Council.

Year-to-date, demand is up 18% compared to the same period in 2021, a return to prepandemic levels.

POSTED ON October 3, 2022  - POSTED IN Key Gold Headlines

Central banks globally added to their net gold holdings for the fifth consecutive month in August, according to the latest data released by the World Gold Council.

On net, central banks added 20 more tons of gold to their reserves. Three banks drove buying in August and there were no notable sellers.

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