Why Do Central Banks Keep Buying Gold?

Why Do Central Banks Keep Buying Gold?

In many ways, gold acts as a barometer for the value of foreign exchange instruments. Since the early 2000s, the price action in the gold market has been telling us that all currencies have been losing value compared to the precious metal.
December 6, 2019 0 Comments
'Smart money' continues to choose gold - Mitsubishi

'Smart money' continues to choose gold - Mitsubishi

“Illustrating lingering macroeconomic concerns, the importance of diversification away from dollar assets and tail risk hedging, central banks around the world have continued to be net buyers of gold: November saw Turkey, Russia, Poland and newcomer Serbia (which bought 9 tons of gold) all add to their holdings of the yellow metal,” Butler wrote.
December 3, 2019 0 Comments
Dow plunges 650 points after bond market flashes a recession warning, Citigroup tanks 5%

Dow plunges 650 points after bond market flashes a recession warning, Citigroup tanks 5%

The yield on the benchmark 10-year Treasury note on Wednesday broke below the 2-year rate, an odd bond market phenomenon that has been a reliable indicator of economic recessions. Investors, worried about the state of the economy, rushed to long-term safe haven assets, pushing the yield on the benchmark 30-year Treasury bond to a new record low on Wednesday.
August 14, 2019 0 Comments
Keep Cutting, Morons: Watch Gold Go Straight Up!

Keep Cutting, Morons: Watch Gold Go Straight Up!

For years (2013-2019), gold traded within a tight range. Before that, in the 2000s, the price went from $250/ounce to $1,900/ounce in 2011. That was the most unique bull market in history. No other asset class in history had EVER gone up eleven years in a row, without fail. In 2011, Central banks had to put the brakes on precious metals; currencies were weakening too fast...
August 13, 2019 0 Comments

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