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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 […]
01/11/2024
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By News Editors
Three factors driving gold bulls into 2024
There are three factors driving gold bulls as we move into the new year – the demand factor, the Fed factor, and the January factor. (Article by Mike Maharrey republished from MoneyMetals.com) Gold just wrapped up its best year since 2020 with a 13 percent gain, and the yellow metal has new records in its crosshairs […]
12/20/2023
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By Arsenio Toledo
Over $100M worth of gold sold by Costco as the precious metal surges in value
The Chief Financial Officer (CFO) of wholesale retailer Costco announced that the company has sold more than $100 million worth of gold during the quarter that ended on Sept. 30, as consumers flock to gold as a haven investment. “You’ve probably read about the fact that we’re selling one-ounce gold bars. We sold over $100 […]
04/02/2023
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By Arsenio Toledo
Tennessee passes bill authorizing state treasurer to buy, sell and stockpile gold and silver
Tennessee Gov. Bill Lee has signed into law a bill that creates a state reserve that can purchase, sell and stockpile precious metals like gold and silver. Gold experts note that the state law gives Tennessee the ability to “achieve more financial independence with gold and silver reserves” and could prevent the state from feeling […]
03/17/2023
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By Kevin Hughes
Price of silver surges following SVB’s collapse
The price of silver soared on Monday, March 13, as its safe-haven appeal drew in investors scared by the recent collapse of Silicon Valley Bank (SVB). The price of the precious metal increased 6.3 percent to $21.81 per ounce during the morning session. “A lot of investors are looking to the precious metal space as a […]
03/14/2023
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By Ramon Tomey
Silicon Valley Bank collapse sends investors scrambling toward bonds, gold
The collapse of California-based Silicon Valley Bank (SVB) sent investors scrambling toward bonds and gold to keep their assets safe. SVB failed on March 10 after a bank run depleted its funds. The California Department of Financial Protection and Innovation subsequently seized the bank and put it under the receivership of the Federal Deposit Insurance […]
01/23/2023
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By Roy Green
Gold price jumps to 8-month high, eventually settles above $1,900 level
Gold prices vaulted to their highest in eight months on Jan. 17 before settling at the $1,900 level. This followed the U.S. dollar tumbling and inflation slowing down, raising hopes of lower interest rate hikes from the Federal Reserve. The U.S. gold futures contract reached $1,931.80, the yellow metal’s highest since hitting $1,935.50 on April […]
01/10/2023
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By Belle Carter
Gold Newsletter: 2023 will be a bearish year for stocks and bonds, but a bullish one for precious metals
The 2022 year-end issue of the Gold Newsletter predicted that financial trends for 2023 will be bearish for stocks and bonds and bullish for gold and silver. Investors are more willing to buy in a bullish market and are likely to sell in a bearish market. Brien Lundin, long-time editor of the news letter, elaborated on these […]
09/28/2022
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By Belle Carter
WSJ journalist slammed for her “optimistic” view of the Fed giving up fight against inflation
Wolf Street founder and publisher Wolf Richter blasted Nomi Prins of the Wall Street Journal (WSJ) for her “optimistic” analysis of the Federal Reserve pivoting and surrendering in its fight against inflation. Prins, an author and journalist, said she expects the Fed to begin reversing course and becoming accommodating – given that the the U.S. already […]
07/13/2022
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By News Editors
Paper gold price manipulation — Rigged to fail
The current and open fraud regarding the paper gold price in the COMEX market is now as plain to see as the open desperation in the global financial system, which is unraveling in real-time all around us. (Article by Matthew Piepenburg republished from GoldSwitzerland.com) As risk assets tumble foreseeably into bear territory before a headwind […]
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