SPROTT: China Is Replacing U.S. Treasuries with Gold
What is happening right now is quite stunning as China is replacing U.S. Treasuries with gold. This is going to have huge implications for the forex and gold markets in 2023.
What is happening right now is quite stunning as China is replacing U.S. Treasuries with gold. This is going to have huge implications for the forex and gold markets in 2023.
Today market veteran James Turk shared with King World News the big picture for gold and silver after the recent pullback.
The lowest in more than 50 years? Plus another recession warning.
There is no question that 2023 is going to be a big year for silver, commodities and gold.
With the countdown to silver breaking out of a multi-decade cup and handle formation winding down, is it possible silver is headed to $700 after the $50 all-time high is surpassed?
On the heels of the announcement that the largest gold producer in the world Newmont Mining and will be merging with the 6th largest gold producer in the world Newcrest, this has many wondering if this will kickoff a golden wave of merger mania in the future because large miners outside of Agnico Eagle do not have growth profiles.
The global financial system is already doomed and the collapse will be terrifying.
Forget takedowns in the paper market because Putin is going to make gold be the center of the new monetary system.
The takedown in the gold market was about $100 top to bottom. Now we know why…
Desperate to keep prices from exploding higher when the price of gold was nearing $2,000 and silver was breaking out late in the week, the government sanctioned bullion banks sprang into action on Thursday and again on Friday with an orchestrated takedown of the metals in the paper markets. The perfectly timed rally in the US dollar is also assisting them with their shenanigans in the paper markets.