Countries with the most gold reserves in 2024 make the USA stand head and shoulders amongst the top ten gold reserve countries. Perhaps it is no surprise that the world’s largest economy with the reserve currency, USD, holds the most gold reserves. But the sheer magnitude of gold reserves held within US sovereign borders, compared with other countries, is mindblowing. In 2024, the Federal Reserve holds the largest gold...
Read More
The politics of gold price weighs more on the current value of the shiny yellow precious metal than the economic and financial fundamentals. In an article it was written that the market is essentially bets on the Fed and CCP policy. Markets have essentially become a political tool to influence public sentiment. When the Federal Reserve, the world’s central bank by default, wants to foster a feel-good sentiment it buys assets in...
Read More
The Federal Reserve’s latest policy update confirms no change to the Fed’s emergency monetary policy, which is likely to be bullish for gold and reflation trade. Here are the key points; The Fed’s 120 billion USD of the asset (mortgage-backed securities) a month continues with no indication of when it will stop. The current Fed fund rate of 0.25% will not be increased until 2023 the earliest based on dot plot...
Read More
Recent Comments