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Tuesday marked the 167th anniversary of the discovery of gold in Ballarat, Victoria, Australia. Since then, the Aussies have become the second largest gold producing country in the world. But analysts project gold output in the Land Down Under, along with several other key countries, could slump to “generational lows” in the midterm.
Over the last couple of years, we’ve been reporting on efforts to remove the US dollar from its throne as the world reserve currency. We’ve primarily seen moves toward de-dollarization from countries like China and Russia, and other nations within their orbits. It’s easy for Americans to dismiss efforts to undermine the dollar as desperate moves […]
Russia has added to its gold reserves every month since March 2015. That trend didn’t end in July. In fact, the Russians ramped up their gold purchases even more last month in the face of US economic sanctions. The Russian central bank added 26.1 tons of gold to its hoard in July, according to International […]
Paul Krugman said gold is dead. In fact, “Bitcoin has more utility than gold,” according to the popular lefty economist. Krugman made the comments at ChainXChange, a blockchain artificial intelligence and innovation conference in Las Vegas.
There is plenty of bad news out there. We have a trade war. Geopolitical tensions between the US and Iran and the US and Russia are high. Turkey is in the midst of a currency crisis that some fear will spread beyond that country’s borders. So, why aren’t people seeking safe haven and buying gold […]
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
Turkey has been in the headlines over the last few weeks as a currency crisis has rocked that country. But as Peter Schiff pointed out in his most recent podcast, all of the things commentators are frying Turkey over are happening in the US as well. All of the criticism that is being leveled against […]
We continue to see amazing new technical applications for gold. Now scientists have used the yellow metal to develop thermal camouflage that can make a person invisible to night vision cameras.
Gold imports into India jumped for the first time in seven months in July as jewelers replenished stocks. Indian gold purchases surged 44.2% year-on-year to 75 tons. India ranks as the number two consumer of gold in the world. According to a Reuters report, increased demand, “could support global prices,” which are struggling to hold ground in […]
Does gold still matter? A lot of people dismiss gold and precious metals as irrelevant to the world monetary system. But how can money be irrelevant? Liechtenstein-based Incrementum AG managing partner Ronald-Peter Stöferle joined Mises Institute president Jeff Deist to talk about all things gold, including why it is still money and an important part of […]
