Central Banks Continue the Gold Rush The importance of the rush of the world’s central banks to buy gold cannot be over-emphasized. After all, how could a class of gold buyers that already own 30,000 tons of gold and are intent on acquiring more not deserve our full attention? We think that this move to gold is a […]
In a Nutshell: Hungary is Buying Gold Here’s a little noticed item that tells the whole story. The central bank of Hungary has just announced a 1,000 percent increase in its gold holdings. That’s right. It increased its gold reserves 10-fold! And it did it all in the first two weeks of October! Here’s what’s […]
Mixed Week for Gold and the Markets Gold had an up and down week. It was under $1,320 to start out Monday, but during the week it rallied past $1,325. However on Friday it pulled back again to around $1,315. Silver followed a similar rise and fall pattern. The stock market was similarly choppy. It […]