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The last 14 days have been complete chaos within all financial markets coming off the heels of extremely hawkish comments by Federal Reserve Chair Jerome Powell. Since the FOMC meeting in early November where Powell stated that the Federal Reserve was nowhere close to stopping inflation – stocks, bonds, crypto, and commodities have begun to…
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Category: Gold Price Canada
The Secret Reason Central Banks Buy Gold
There are a variety of reasons why central banks buy gold. Some central banks view gold as to hedge against economic and geopolitical risks. Gold is also seen as a store of value that can be used in times of economic or financial uncertainty. Additionally, central banks may use gold to support their domestic…
Gold Mining Stocks Diverge; Precious Metals Rally
It would not be pointing out anything unknown to say that the stock market has been in a MAJOR slump throughout the entirety of 2022. Major players like Meta are down over 70% from all-time highs (ATHs), Tesla is down just over 50% from ATHs, Netflix is almost down 60% from ATHs, even the commerce…
The Physical Gold Market in China: A Perspective on the Chinese New Year
The Chinese New Year is fast approaching and with it comes the promise of a fresh start and new beginnings. 2023 is the year of RABBIT. The moon is represented by rabbits in Chinese culture. During the Chinese New Year (CNY), China’s gold demand often spikes due to gifts and red envelopes. The physical…
Royal Canadian Mint Coins: Is It a Good Investment?
Opening Remarks | Royal Canadian Mint Coins: The Royal Canadian Mint is a government-owned entity that operates in conjunction with the Department of Finance Canada. The mint’s primary goal is to produce coins that are affordable, with the idea being that if people can buy coins at a lower price, it will encourage more people…
