By Jan Nieuwenhuijs for Gainesville Coins …… An important change has unfolded in the global gold market. The “East” has been driving up the gold price, predominantly in late 2022 and the first months of 2023, breaking the “West’s” long-standing pricing power. Until recently, Western institutional money was driving the price of gold in […]
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By Jan Nieuwenhuijs for Gainesville Coins …… By obstructing gold import and export, the People’s Bank of China (PBoC) greatly amplifies the gold premium or discount on the Shanghai Gold Exchange (SGE) relative to metal traded in London. In the past 12 months, the PBoC has restricted gold import to curb capital flight and defend […]
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By Jan Nieuwenhuijs for Gainesville Coins …… The USD price of gold has been declining in the past two months, though it continues to show significant strength against the 10-year TIPS yield, to which it was tightly correlated from 2006 until 2021. Gold’s performance since early 2022 must be seen as bullish. A big change […]
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By Jan Nieuwenhuijs for Gainesville Coins …… In , it’s a state secret where the central bank stores its gold domestically. From all the information I could gather, I conclude that the Swiss central bank primarily stores its gold—and that of foreign central banks and the Bank for International Settlements—on Bundesplatz 1 in the capital […]
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By Jan Nieuwenhuijs for Gainesville Coins …… Some gold commentators are writing that the Central Bank of Russia (CBR) has linked the Russian ruble to gold, but this is not true. In the fog of war, the first causality is the truth; this time is no different. Information coming from either side of the war […]
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