Hi,
Have you ever considered how little gold there is in Canada? Most other countries, including the US, do have gold, therefore it’s a good question. The Bank of Canada began selling its gold holdings in the early 2000s. Canada is the G7 country. Together with Angola, Belize, and Tonga, Canada is currently one of…
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Category: Gold Price Canada
A Look at the Record-Breaking Gold Prices Surge of 2023
Due to the US dollar’s advantages against gold, gold is predicted to perform well soon. The Dollar Index and gold do not correlate favourably. Before to that, spot gold rose 1.6% to $2,009.59 per ounce, which was just shy of the record set at the start of the pandemic. The Causes That Boosted Gold…
Understanding How Gold & Gold Equities are Affected by US Recessions
When it comes to identifying a recession, the National Bureau of Economic Research (NBER), a preeminent economic think tank established in 1920, is the accepted source in the United States. The Relationship Between US Recessions and The Price of Gold NBER typically announces a recession between six and eighteen months. The amount of each asset…
Spain’s New Gold Bullion Investment Opportunity: Investors Need to Know
A Brief History of Gold Bullion Coin In the past, Spanish gold coins would have been widely circulated to provide numismatic treasure. The first bullion coin to be produced in Spain was released in 2021. The coin’s design, which was also struck from one ounce of 99.99% pure gold, depicts the head of an ‘Iberian…
Understanding the Impact of Bank Failures on Gold & Silver Prices
Introduction In recent years, there have been several bank failures around the world, which have raised concerns among investors about the stability of the financial system. As a result, many investors have turned to safe-haven assets like gold and silver to protect their investments. In this blog post, we will explore what the recent bank…
