Zimbabwe has had a long history of economic instability. From 2004 until 2009 the country experienced five years of hyperinflation.
More than ten years later, the economy is Zimbabwe is still in shambles. The Zimbabwe dollar was reintroduced in 2019. More periods of high inflation quickly followed.
The latest officially released figures estimate that 1.6 metric tons, the equivalent to 1,600 kilos of gold were included among the stolen stash.
Unofficially, some media in Canada also reports a large amount of cash was stolen in an unknown currency
It should come as no surprise that Donald Trump is a goldbug. His NYC apartment in Trump Tower was audaciously decorated entirely with marble and 24k gold.
The 101-page disclosure report, filed as part of his 2024 Presidential Campaign, shows that Trump still owns a substantial stack of physical gold.
The selection of government mint one gram gold bars available from online bullion dealers are minted are an excellent way to stack gold in fractional increments.
The dealer premiums for 1 gram bars can seem high when comparing them against a solid full ounce, however, they remain a practical options for incremental buying fractional gold.
Switzerland has long been a mecca for finance, banking and precious metals. Although all of the country’s native metal deposits were mined long ago, some of the most renowned and legendary refiners are still operating there.
As the impact of the ongoing banking crisis begins to be felt at home, many Americans are shifting their priorities to protect their financial assets.
The shifting of and diversification of assets is likely continue at a rapid pace in the coming months as excess dollars and crypto funds are moved into hard assets like gold, silver, land, ammunition, firearms and stable food in the coming months as smart investors prepare for further economic hardship.
According to a recently released statement, JP Morgan Chase is the currently sole custodian of 459,485,125.800 troy ounces of fine silver on behalf of the Blackrock owned iShares Silver Trust (SLV).
New physical gold-backed ETF to appeal to “climate conscious” investors passes along the higher cost of carbon offsets to investors.
Elected officials from both the Texas Senate and House have proposed complementary bills to create a state issued digital currency option that would be backed with gold and fully redeemable for either fiat cash or gold.
Both traders were convicted after a jury trial of manipulating market prices of precious metals up or down by placing large “spoof” orders in the COMEX and NYMEX they never intended to fill. The convictions prove that they intentionally manipulated prices for their own gain and increase profits for the banks.