from GoldSeek Radio Nugget:
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Why Are Central Banks Buying Gold?
by Martin Armstrong, Armstrong Economics:
Investors’ curiosity has peaked as central banks are increasing their gold purchases. We are not going back to a Bretton Woods type situation and that is not the issue. You must understand that gold is neutral. Central banks are buying gold because the Neocons have weaponized the dollar.
Russia was removed from the SWIFT system, and private citizens’ assets were confiscated. When Russian assets were removed from SWIFT, a threat to the world was issued to say, “Hey, if you don’t do what we tell you to do, we will take you out of SWIFT.”
Insider Reveals Gold-Buying Frenzy Among Elites
from Birch Gold Group:
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: A World Bank insider explains central banks’ gold buying surge; yet another all-time high for gold’s price, , and just how strange is the lack of price action in silver?
World Bank insider explains exactly why central banks are de-dollarizing with gold
The World Bank just published a very interesting report, Gold Investing Handbook for Asset Managers. The author, veteran central banker Kamol Alimukhamedov explains exactly why central banks are dedollarizing and buying record quantities of gold (for two years in a row).
Bring Back Gold!
by Lew Rockwell, Lew Rockwell:
In these days of rampant inflation, it’s imperative that we return to the gold standard—and the real thing too. By this I mean the classical gold standard, not the so-called “gold exchange” standard, and with no fractional reserve banking, just as the great Murray Rothbard wanted. In what follows, I’ll discuss some of the economic issues below, but it’s important to realize that it’s a moral issue as well.
I spoke about the difference between the classical gold standard and the fake gold standard. This might seem a technical issue, but it’s one of vital importance. Joe Salerno, the leading contemporary Austrian School authority on monetary economics and Academic Vice President of the Mises Institute, explains:
Fed Roundtable Reveals a “Perfect Economic Storm” Approaching
from Birch Gold Group:
There is a big disconnect between what the White House would like you to believe about the economy, and how most Americans are feeling about it right now.
Some members of the Federal Reserve board, including Chairman Powell, tried to listen to the concerns that a handful of panelists had, and the result wasn’t surprising.
The Fed got an earful during a town hall-type event event recently:
Federal Reserve Policies and Silver Industrial Demand
by Craig Hemke, Sprott Money:
Watch Craig Hemke from Sprott Money and Chris Marcus from Arcadia Economics on the “Monthly Wrap-Up” podcast for a quick dive into the latest in precious metals. Get insights on soaring gold and silver prices, Federal Reserve policies, and global tensions, plus expert tips for navigating the market. Tune in now for your monthly dose of valuable analysis!
“Goldilocks” Is Gonna Get It
by Jim Rickards, Daily Reckoning:
The Fed kept the fed funds rate unchanged at last week’s meeting, as I predicted.
That makes 17 Fed meetings in a row going back to March 16, 2022, when I got the Fed forecast right. Events remain uncertain from here, but it’s so far, so good for my forecasting (that’s not because I have a crystal ball but because I know how to read them).
Jay Powell’s press conference following the FOMC meeting was notable for how little was said about interest rate policy and how few questions there were from the media on that topic.
China Has Taken Over Gold Price Control From the West
by Jan Nieuwenhuijs, Gold Seek:
China Is Leading the Dance in the Gold Market
Exceptional strong gold demand from both the Chinese central bank and private sector has been driving up the gold price over the past two years, by which they have taken over control over the gold price from the West. The People’s Bank of China (PBoC) bought a record 735 tonnes of gold in 2023, of which about two thirds were purchased covertly. In addition, the private sector net imported 1,411 tonnes in 2023, and a whopping 228 tonnes just in January of 2024. If the West joins the Chinese gold buying craze, in fear of rate cuts and currency debasement, it will be a perfect storm for gold.
