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Mounting economic uncertainties and persistent inflation are sending shockwaves through the global market, triggering a surge in demand for precious metals. As investors are seeking a safe haven, gold and silver are experiencing skyrocketing demand, leading to significant shifts in national reserves and logistical challenges in the precious metals market.
A groundbreaking pilot program in China now allows 10 major insurance companies—including PICC Property & Casualty and China Life Insurance—to allocate up to 1% of their assets to gold bullion. This policy, effective last Friday, translates into a potential investment pool of nearly 200 billion yuan (approximately $27.4 billion), according to Minsheng Securities. The move […]
The world was aflame this week with political and economic turmoil, including California’s wildfires, India’s currency crisis and the freefall in the Chinese Yuan. How are precious metals faring? Gold closed this week at $2,705 (up $10) and silver at $30.45 (unchanged). Joel gives the full price commentary at 14:46.
Gold closed this week at $2,650 (up about $25 since last week) and silver at $30.60 (up about $0.41). Joel discusses higher inflation, global rate cut momentum and why Trumps policies add fuel to the inflation fire. Price action discussed at 5:38.
Gold closed this week at $2,625 (down about $30 since last week) and silver at $30.01 (up about $0.36). Joel discusses Black Friday sales, global economic challenges in India and China, and Bitcoin above 100k. Price action discussed at 10:40.
Gold’s phenomenal year so far is thanks in part to foreign central banks buying the yellow metal. With BRICS nations expanding their membership and growing in prestige, superpowers like China will likely turn to gold to escape the collapsing dollar.
Yesterday Peter joined host Jesse Day on his show, Commodity Culture, to discuss the upcoming election, the historic decline of the dollar relative to gold, and a possible return to quantitative easing. They also devote time to global affairs, namely recent violence in the Middle East and movement in the Chinese equity market.
Gold closed the week at $2,502 (down $10 since last week) and silver at $28.83 (down about $1). This episode we discuss recent price action, the historic volatility in September and October, and economic weakness from Germany to China.
The increasingly desperate, secretive Chinese Communist Party may be powerless to stop the combination of downward trends which, upon passing an event horizon, could trigger a global collapse as the world’s second-largest national economy continues to edge closer to the brink.
China’s recent attempt to secure a rare earth minerals stockpile ended in failure when a competitor stepped in to snag the deal. Vital Metals, a mining firm based in Australia, announced Monday that minerals collected from its Saskatchewan-based Nechalacho Project will remain within Canadian borders.
The longstanding US-Saudi petrodollar agreement is unraveling, with Riyadh inching towards diversified currency deals including the yuan. Our guest commentator sheds light on the history and present challenge to the petrodollar, and what this means for US dollar decline.
