Category Archives for Gold Bullion

The History of the Gold Standard in 2 Minutes

A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The History of the Gold Standard The earliest known use of Gold was in 643 B.C in Lydia (present-day Turkey) and part of a naturally occurring compound known as electrum used to […]

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When Does Owning Gold and Silver Make Sense?

Is Debt Financial Life? The global economy thrives on debt and credit.  Most people don’t realize that the U.S. dollar bills they have in their wallet are actually a debt of the Federal Reserve.  On the other hand, gold bullion and coins are NOT debt and have no counter-party risk, in contrast to debt based assets […]

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Is a Record Run into Gold and Silver Coming?

When people don’t trust the dollar they are holding in their hands, there will be a run into gold that will be in the financial record books. The dollar is going up, up and up, and it will peak. Once it starts down, it will start down kind of slowly, and then, it will build […]

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China is buying up thousands of tonnes of gold. Should you keep gold bullion at home?

Image courtesy of cityam.com China’s decision to buy its second gold storage vault in London last month was another step towards total dominance of the market. Now China is pushing into the gold market in a big way. The reasons why are unclear, and gold continues to spawn more conspiracy theories than the moon landing, […]

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Load Up on Gold, Bull Market Exhausted

Stan Druckenmiller, the billionaire investor with one of the best long-term track records in money management, said the bull market in stocks has “exhausted itself” and that gold is his largest currency allocation. Druckenmiller, speaking at the Sohn Investment Conference in New York on Wednesday, said while he’s been critical of Federal Reserve policy for […]

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China Gold Reserves Are 2nd Largest in World

According to Bloomberg Intelligence, China’s gold bullion reserves may have tripled since its last official report in 2009. Bloomberg estimates that the Peoples Bank of China could now own as much as 3,510 metric tons of the metal. If true, China now has the second largest store of gold in the world, following the United […]

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Gold price to double by 2030 thanks to Asia

Asia’s financial system liberalization and it’s population’s growing wealth are two key factors expected to boost demand for gold and push the price of the key commodity over US$2,400 an ounce by 2030, a report published Wednesday claims. See full story on mining.com Image courtesy of mining.com

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