Breaking news from the precious metals industry. Gold, silver and platinum group mining, refineries and refining technologies, minting and distribution.
News and information about the global drivers of prices in the precious metals markets. Including central banks, interest rates, industrial manufacturing, electronics and investors.
The Federal Reserve is part public entity and part private entity that has operated as the central banking system of the United States since the Federal Reserve Act of 1913. The Federal Reserve System, often referred to simply as the Fed has a unique public-private structure that controls the nation’s monetary policy by managing interest … Read moreWhat is the Federal Reserve?
With September’s purchases, central banks have added a net 337 tons of gold in Q3. It was the second-highest third-quarter total on record behind 2022.
Gold is considered a crucial element in diversifying a central bank’s foreign reserves because it bears little correlation with other assets, such as currencies and bonds.
While many are monitoring the developments in BRICS, the United States continues to hold the largest stockpile of gold reserves in the world by a considerable margin.
When trade happens in many different currencies, you have high costs of arbitrage of exchange rates between countries. When approaching dedollarization, central banks and countries need to simultaneously consider the fluctuations of national currencies of different countries.
Collectively, BRICS countries encompass over 40% of the world’s population and account for roughly 26% of the world’s GDP, representing a substantial share of global trade.
Many 22-karat gold coins are favored by investors because they are more durable, making them less prone to scratches and dents compared to 24-karat gold coins.
Buying 1 oz gold bars from Costco may be a convenient option for some investors, but it is important to consider additional factors.
Silver premiums have not been this low in several years making this a great opportunity to back up the truck and load it up.
According to historical records there were 1,038 silver bars, 160 gold bas and discs and over 255,000 silver coins, mostly consisting of “pieces of eight”. These coins were minted in the Americas and used as a global trade currency during the era. The silver coins had been hand-stamped at mints in Potosí, Lima, La Plata, Mexico City and Santa Fe de Bogotá.
BRICS countries continue buying gold at a record pace as dedollarization continues.
3TG refers to four minerals that are commonly used in various industries, including the electronics, jewelry, and automotive sectors. These minerals are often collectively referred to as “conflict minerals” because their mining and trading have been linked to human rights abuses and armed conflict in certain regions of the world.