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Russia Holds More Gold Than Dollars for First Time in History
For the first time ever, Russia holds more gold than US dollars. According to a Central Bank of Russia report published this week and analyzed by Bloomberg, gold made up 23% of the Central Bank of Russia’s reserves as of the end of June. The bank’s share of dollar...
Gold climbs 1.5% on U.S. stimulus bets, dipping dollar
Gold prices rose over 1% to a one-month peak on Thursday as the dollar spiralled lower on hopes of more coronavirus relief aid and the U.S. Federal Reserve’s pledge to funnel more cash and keep interest rates pinned low.
This Central Bank Introduces Parallel Currency: Gold
The central bank aims to stimulate gold to be used as a store of value, as well as promote the circulation of gold… Since November 2020, the central bank of Uzbekistan (CBU) issues sealed gold bars with a QR-code for real time verification. With these new bars CBU...
THE NIGHTMARE SCENARIO FOR THE WORLD
“Gold has no role in portfolio of wealthy clients” said the chief investment officer of Goldman Sachs’ private wealth management in the week that gold in US dollars went up by over $100 and made a new high of $1,984. Many found this statement puzzling as another...
All Roads Lead to Gold in a Credit Implosion
Financial writer and precious metals expert Bill Holter says, “Gold is like a tractor in first gear pulling up a hill,” as it touches all-time highs once again. Holter thinks the “gold tractor” is going to be shifting up a few gears in the not-so-distant future. ...Start Your Dollarcation With RTD University
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