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Since 2023, central banks around the globe have been progressively building up their gold holdings at a record rate. The shaky state of the world economy and soaring gold prices are to blame for this. The current gold bull market has been significantly fuelled by central bank gold purchases, which reached record levels in 2020…
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Category: Gold Price Canada
The Gold Standard Restoration Act
In a previous newsletter we covered the difference between a gold and/or silver backed currency that is redeemable in those metals and one that is non-redeemable. We clearly highlighted the dangers of backing a paper or digital currency with precious metals or a variety of commodities and then subsequently NOT allowing the paper/digital currency to…
Gold Quietly Eyes All-Time-High
Gold Quietly Eyes All-Time-High While there were a few financial analysts that have been warning people of instability in the banking system ever since stimulus checks spurred unprecedented currency creation – most officials in government/finance have been reassuring the public that the banking system is strong. Even going back to this past Monday, President Joe…
What High Gold Prices Say About the Weak US Dollar and What It Means for Investors
Explaining the Correlation Between Gold Prices and the Weak Dollar In general, prices for gold tend to climb throughout times of weaker US dollar and decline during times of stronger currency. The US dollar’s decreasing worth can cause inflation since it makes buying the same amount of goods and services more expensive. Investors may…
The Recent Gold Heist in Toronto Airport & How to Keep Your Gold Safe?
The Toronto Airport Gold Heist Airports serve as important locations for both the transportation of goods and passengers. Sometimes, the value of that cargo can be substantial. According to Canadian authorities, valuables, and gold totalling more than $20 million went missing on Monday, April 17. This is quite unusual. An extensive police investigation was…
