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Why Russia and Turkey Diversifying Into Gold May Signal A Bigger Global Shift

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Russia and Turkey’s moves out of U.S. debt and into the precious metal could be precursors of a bigger global shift. by Leonid Bershidsky of Bloomberg U.S. government debt and the world’s foreign exchange and gold reserves. Source: Bloomberg Since December 2017, Russia has cut its holdings of U.S. foreign debt by more than half. […]

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Turkey Uses Gold Bullion To Stabilise Its Currency And Economy

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by Simon Constable for Middle East Eye Turkey’s central bank has accumulated an additional 400 metric tonnes of gold since 2011 (Image via Wikimedia) Turkey’s economy has been in a tailspin with an inflationary currency, but the country is using something rare to help stabilise itself: gold. In late 2011, Turkey started to allow commercial […]

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Gold Surges To Record In Turkey and Other Emerging Markets as Currencies Collapse

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Turkey’s election angst, geopolitical risk and collapse of the lira is driving up demand for gold Turkish lira has collapsed versus gold and now the lowest on record (see chart) Significant demand for gold coins in Turkey and central bank has repatriated gold and added to gold reserves “Having the gold physically at home allows […]

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Gold Demand Falls In Q1 Despite Robust Central Bank and Investment Demand and Surging Demand In Turkey and Iran

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– Gold demand globally -7% in Q1, 2018 – Gold Demand Trends (WGC) – Gold ETF demand fell sharply year on year from very high levels but had 5th consecutive quarter of inflows – Investment demand was strong in the US where ETF holdings rose another 32.4 tonnes as “stock market volatility sparked US inflows” […]

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Weekly Briefing: Currency Wars – ECB Warns Re Trump, Russia and Turkey Buy Gold and BOE Bitcoin Warning

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Russian Central Bank Buys Gold 600,000 Ounces In January As Venezuela Launches ‘Petro Gold’ US-China Trade War Escalates As Further Measures Are Taken Bank Bail-In Risk In European Countries Seen In 5 Key Charts Bitcoin or British Pound ‘Pretty Much Failed’ As Currency?   News and Commentary Trump Currency Wars – ECB Warn (IrishTimes.com) Gold swings […]

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Turkey, Gold and the End of US Dollar Hegemony

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Turkey, Gold and US Dollar Hegemony Introduction Buy Gold and Lira, Sell Dollars To End “Economic Sabotage” – PM of Turkey Gold Imports to Turkey Surge 688% In December ‘Tough Turkey’ today Affinity for gold to save the day? Central bank gold demand Personal accumulation Country’s gold reserves Turkey Iran gold conduit Axis of Evil […]

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Political Turmoil in UK & US Sees Gold Hit 2 Week High

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For first time in over 16 years, palladium futures settle at a premium to gold futures Gold futures on Wednesday resumed their climb toward the psychologically important price of $1,300 an ounce, settling at their highest in nearly two weeks on the back of political turmoil in the U.K. and U.S. Caution among traders had […]

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Venezuela Seeks To Repatriate $550 Million Of Gold From London

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Venezuela Seeks Return Of Gold Worth $550 Million From Bank of England CARACAS (Reuters) – Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters. […]

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Gold Improves Investment, Pension and Central Bank Portfolio’s Risk-Adjusted Returns

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By Frank Holmes via GoldSeek – Hungary increases gold reserves 10 fold and central bank Governor sees gold as having “economic and national strategic importance” – Central banks diversifying into gold in order to ensure the national foreign exchange reserves are “safer” and to “reduce risk” – Gold allocation reduces volatility & enhances returns in investment & […]

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Gold Gains Nearly 1% On Week As Global Stock Markets Fall Sharply

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Golden Nuggets: Key Gold and Precious Metals News, Commentary and Charts This Week Here is our Friday digest of the important news, commentary, charts and videos we were informed of this week. The old Wall Street adage is that they “never ring a bell at the top” but there was a real sense this week that […]

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