from Birch Gold Group:

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Central banks could be planning modernize their gold reserves, Wheaton CEO’s gold and silver predictions, and BlackRock’s analysts on gold’s near-term prospects.

Accounting tricks and central bank gold “revaluation”

Rick Mills’ attempt to explain how a gold revaluation account (GRA) works is a lengthy and convoluted affair, mostly because the subject matter is as well. I‘ll take a minute to summarize the concept because it’s relevant not only to central bank gold reserves, but also to the ongoing banking crisis.