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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…
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Category: Gold Price Canada
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…
Understanding PAMP Suisse Gold Bars: A Quick Guide
About PAMP: The MKS Switzerland subsidiary PAMP Suisse Mint is a well-known bullion brand internationally. In 1977, the business was established in Ticino, in the southernmost region of Switzerland. It produces a wide range of exceptional precious metal bullion products, the majority of which are highly valued on the markets for gold bars. Each bar…
