Tag Archive: us dollar decline

Active Buyers Follow the Money

According to a recent report from Financial Times, the People’s Bank of China has continued to add gold to its reserves for the fifth month in a row. The central bank reportedly added 480,000 ounces last month bringing its total holdings to $78.3 billion. China hasn’t been the only buyer of the metal either. Numerous emerging market central banks have been active buyers as nations seek to diversify their reserves away from the dollar. Last year, central banks reportedly bought some $27 billion worth of... Continue Reading

10 Reasons You Should Own Physical Gold

Physical gold carries no counterparty risk: Gold coins or bars cannot go bankrupt or default. You will not wake up one day the proud owner of a worthless piece of paper. Physical gold can be transacted privately: While certain reporting requirements may exist, physical gold can be bought and sold privately and anonymously. Gold has been considered a reliable store of wealth and value for thousands of years: Gold has been used as a store of value and medium of exchange for centuries. Try to... Continue Reading

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