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Gold Futures Fall On Trade Deal Hopes; Central Banks of China, Russia, Turkey Buy Gold Bullion

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NEWS and COMMENTARY Gold falls as trade-deal uncertainty cuts safe-haven demand China says it has agreed with the US to cancel existing trade tariffs in phases BOJ to continue massive monetary stimulus to hit 2% inflation Dow futures jump 100 points after China and US reportedly agree to remove existing tariffs Syria is lost, Lebanon’s […]

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Is Turkey The Snowflake That Unleashes The European Banking System Avalanche?

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by Claudio Grass on ClaudioGrass.ch Turkey’s debt problem, coupled with the plummeting lira, is arguably the most important risk factor for the nation’s economy. To make matters worse, far from it posing a threat just to Turkey itself, it also has the potential to inflict significant damage elsewhere too, starting with key economies in the […]

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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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Gold as a Currency- Interactive Gold Charts

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Gold has a long history as a currency and as part of the monetary system. The use of gold as a currency dates back to 600 BC in what is present-day Turkey. Coins were first made of electrum – which is an alloy made up of gold and silver, with trace amounts of other metals. […]

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Crypto Mania: Dawn of a New Era

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Metals prices are up month over month. This is a nice thing to report and rare since last August. The news this week has been entirely about crypto, again. We report on them insofar as crypto seems to divert money and attention away from silver and gold. Perhaps the crypto mania is peaking. That would […]

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