This makes gold eerily similar to Bitcoin – it has value largely because we collectively agree it does. Proponents of gold-backed currency often overlook this circular logic. While fiat money has value because some entity says so, gold is ultimately in the same boat. Backing currency with gold just pushes the “trust problem” down one
The DGFT has aligned India’s import policy with changes made in the Customs Tariff schedule for precious metals, ensuring consistency between customs duties and regulations. The new HS codes aim to prevent misuse of duty benefits under the India-UAE free trade agreement. New Delhi, May 19 (PTI) The commerce ministry’s arm DGFT on Monday issued
The precious metal being firmly supported by “a multitude of bullish tailwinds” including President Trump’s tariff’s, which threatens to ignite a new era of trade wars and global uncertainty. Last Wednesday, Trump hot-listed Europe as his next target – announcing plans to impose 25% tariffs on imports from the European Union. As President Trump’s erratic
In this presentation, Jeffrey Christian of CPM Group discusses the relationship between central banks and their gold reserves. He reviews the historical context of central banks’ gold accumulation, from the post-World War II era to the present day, and discusses the shifting roles of gold as a monetary asset. Jeff explains why gold, despite losing
Aug 22 (Reuters) – U.S. companies increased borrowing to finance equipment investments by 13% in July compared with the previous year, the Equipment Leasing and Finance Association said on Thursday. New loans, leases and lines of credit signed up by companies in July were up 11% from $10 billion a month earlier. “Our latest report
Gold prices are off their highs from earlier today and last week as investors factor in some new important ingredients into their trading decisions. Background Gold prices closed in positive territory last week, as the shining metal recorded some really solid gains and closed above the important level of 2,500. Now, traders are asking themselves
In this presentation, Jeffrey Christian of CPM Group reviews current gold and silver investment demand and some of the factors driving markets. The video begins with a global focus for gold investment, where strong demand is evident. Jeff details the significant role of institutional investors, high-net-worth individuals, and retail investors in fueling this demand, particularly
Frank Holmes is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the Global Resources Fund (ticker PSPFX), the World Precious Minerals Fund (UNWPX)
Amidst a confluence of factors typically bearish for the precious metal, gold prices managed to post solid gains on Thursday. This resilience in the face of economic data and market dynamics that would normally weigh on the yellow metal suggests the recent price correction may be nearing its end. According to the U.S. Labor Department,