Gold's $1,300 Is The New $1,200 As Central Banks Embrace De-Dollarization - Scotiabank

Gold's $1,300 Is The New $1,200 As Central Banks Embrace De-Dollarization - Scotiabank

(Kitco News) - Gold is giving new diversification opportunities to central banks (CB) from emerging markets (EM), including the ability to de-dollarize, according to Scotiabank. Central banks from emerging markets have stepped up gold purchases last year — a trend that is not letting up this year as well, said Scotiabank’s commodity strategist Nicky Shiels,...
March 19, 2019 0 Comments
Silver Is The Best Low-Risk, High Return Investment Option For Any Investor

Silver Is The Best Low-Risk, High Return Investment Option For Any Investor

Understanding why Silver remains Highly Valuable Take a moment to consider this: Long before the first coins were ever made, gold and silver were already being used as money. Silver has been understood, across various cultures and over thousands of years, as something that has value. Today, silver is still a crucially important commodity for both industrial and investment...
March 14, 2019 0 Comments
Russia Is Rapidly De-Dollarizing Its $500bn Foreign Reserves

Russia Is Rapidly De-Dollarizing Its $500bn Foreign Reserves

In 2018 Russia’s Central Bank, dumped $100bn in US bonds, got the share of dollars in foreign reserves down to just 22%, bought up a bunch of yuan ($44bn in just the first six months), and added a record 274 tonnes of gold — more than the country mines in a year, so that it had to for the first time buy up foreign gold from international...
March 13, 2019 0 Comments
Eureka Mining Report's Baker: The Good, Bad And Ugly

Eureka Mining Report's Baker: The Good, Bad And Ugly

Richard Baker, editor of the Eureka Miner Report, sees potential for gold to keep rising in the wake of the most recent round of global economic data. “The good and the bad this week are reflected in this morning's February jobs report; we find ugly far from our shores,” Baker says. “Low [U.S.] headline unemployment and strong wage growth suggest a...
March 8, 2019 0 Comments

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