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Gold may eclipse dollar as reserve currency after outsize coronavirus spending: Goldman Sachs
BySirhcThe U.S. dollar’s longstanding status as the world’s reserve currency is at risk after the greenback’s weakening by unprecedented government efforts to shore up the economy during the COVID-19 pandemic, according to Goldman Sachs Group Inc. Ballooning federal debt levels and a potential shift in favor of inflation at the Federal Reserve amid increased geopolitical hostilities, domestic unrest and an onslaught of new…
LBMA Press Release
BySirhcLBMA is the international trade association that represents the wholesale over-the-counter market for gold and silver bullion. LBMA undertakes many activities on behalf of its members and the wider market, setting industry standards including good delivery and refining standards, ownership of the precious metal benchmark prices as well as serving as a point of contact…
Central bank gold demand hits first-quarter record, investments surge on U.S. banking turmoil
BySirhcPUBLISHED FRI, MAY 5 20237:29 AM EDT Elliot Smith@ELLIOTSMITHCNBC Demand for gold among central banks notched a first-quarter record high in the three months to the end of March as overall global demand painted an otherwise “mixed picture,” according to the World Gold Council. Gold prices broke through the $2,000 per ounce barrier this week and…
Silver Price Analysis: XAG/USD seems poised to retest multi-month high, north of $24.00
BySirhcSource: By Haresh Menghani Silver catches fresh bids on Tuesday and rallies to the $24.00 neighbourhood. The technical setup favours bulls and supports prospects for additional gains. A break below the $22.80 confluence is needed to negate the positive outlook. Silver gains strong positive traction on Tuesday and rallies to a fresh daily high, back closer…
Gold, Stocks, & Bond Yields Surge As Dollar Purge Continues
BySirhcby Tyler Durden Tue, 12/01/2020 – 16:00 Since the election, and the ongoing roll out of Biden’s nominees for economic and policy teams, the dollar has been on a one-way streak lower… The dollar is unchanged versus its fiat peers since Jan 2015… And it appears the plunge in the dollar is being recognized by gold…
How Much Silver Is Above Ground?
BySirhcCourtesy of VOIMA, by Jan Nieuwenhuijs Above-ground silver stocks are an order of magnitude higher than what is widely assumed. In total, there were an estimated 1.6 million metric tonnes of physical silver above ground by late 2018. This amount is 20 times higher than what The Silver Institute discloses as “identifiable above-ground stocks,” which…