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01/19/2024
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By News Editors
Central banks will keep gobbling gold in 2024
The first half of 2023 was a record-breaking moment for central bank gold buying, led by none other than China and Russia. Organizations like the World Gold Council reported a staggering increase compared to 2022: (Article republished from SchiffGold.com) “On a year-to-date basis, central banks have bought an astonishing net 800t, 14% higher than the same period last […]
01/16/2024
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By Kevin Hughes
Decentralize.TV: David Morgan discusses the importance of owning physical GOLD and SILVER instead of paper currency
The “Silver Guru” David Morgan talked about the importance of acquiring precious metals like gold and silver during the Jan. 8 episode of “Decentralize.TV.” “You must have physical gold and silver, or at least physical silver, and there’s a reason for that. It is the money of last resort, much more so than gold,” he […]
06/27/2023
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By Belle Carter
South Korean convenience store rolling out vending machines that SELL GOLD
South Korean convenience store chain GS Retail is now rolling out gold bar vending machines at its locations, and they are proving to be a great hit among customers. GS Retail, with nearly 14,000 branches all over South Korea, reported that it has already sold a total of $19 million worth of gold bars in the past […]
05/09/2023
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By Ramon Tomey
Record-breaking gold purchases by central banks observed in Q1 2023
Record-breaking purchases of gold by central banks of different nations were observed during the first quarter of 2023. The World Gold Council (WGC) disclosed this finding in its latest report, noting that demand for the metal from central banks worldwide reached 228 metric tons (MT). This was a 176 percent increase compared to the 82.7 […]
04/09/2023
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By Arsenio Toledo
Central banks continue their streak of accumulating more gold in 2023
The world’s central banks continued their streak of accumulating gold during the first two months of 2023, according to the latest report from the World Gold Council. Year-to-date, the world’s central banks made a net purchase of 125 tonnes (137.79 tons) of gold. “On a year-to-date basis … this is the strongest start to a year […]
03/21/2023
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By News Editors
Greyerz – THIS IS IT … The global financial system has started to collapse
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that people better have an escape plan because the global financial system has started to collapse. (Article republished from KingWorldNews.com) Collapse March 19 (King World News) – Egon von Greyerz, Founder and Managing Parter […]
03/07/2023
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By Belle Carter
WGC report: Central banks extend gold buying streak in preparation for currency uncertainty
The World Gold Council (WGC) reported on March 2 that central bank demand for gold picked up from where it left off in 2022. According to the WGC, there had been an addition of 31 tonnes to the global gold reserves in January. The total, which represents a 16 percent monthly increase, fell comfortably within the 20-to-60-tonne […]
03/03/2023
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By Arsenio Toledo
Central banks continue to stockpile gold as recession looms
Despite claims from central banks and governments that they have avoided a greater global economic meltdown, inflation is still on the rise and recession is still on its way – and central banks are preparing for it by stockpiling even more gold. This is according to Lynette Zang, chief market analyst of ITM trading, who warned […]
02/08/2023
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By Roy Green
Russia boosts gold stock to cushion impact of US, EU sanctions
Russia went on a gold-buying spree last year out of necessity. It wants to cushion the full impact of the trade and economic sanctions imposed by the United States and the European Union (EU) nations following its invasion of Ukraine on February 24, 2022. According to Finance Ministry data obtained by Reuters on Feb. 3, […]
02/01/2023
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By Arsenio Toledo
Demand for gold surges to highest rate in over a decade as world’s central banks continue buying spree
The World Gold Council (WGC) reports that demand for gold from central banks has surged to its highest rate in more than a decade in 2022, as central banks turn to gold as a haven asset during this period of heightened geopolitical tensions. The WGC reported that annual demand for gold increased by 18 percent […]
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