Safe Keeping Receipts (SKR) is one of the steps involved in West Africa Gold Export. An SKR is another bank instrument that is used as an alternative financing tool. These instruments can be issued from banks, bullion vaults, storage houses, or alternative financing facilities. Those that issue the SKR do not own them, so the asset […]
How many sovereign wealth funds are there and how much do they invest offshore As of 2021, there are estimated to be over 100 sovereign wealth funds (SWFs) worldwide, although the exact number can be difficult to determine due to the lack of transparency in some cases. The total amount invested by sovereign wealth funds […]
Determining whether silver or gold is a better investment depends on various factors, including current market conditions, economic outlook, and individual investment goals. Historically, gold has been viewed as a safe-haven asset, particularly during times of economic uncertainty or inflationary pressures. It is widely traded and recognized globally as a store of value. Silver, on […]
Open AI; Can Gold Bullion be deposited in a bank? Yes, gold bullion can be deposited in a bank. Many banks offer safe deposit boxes or vaults where customers can store their precious metals, including gold bullion. This service is often used by individuals or businesses that want to protect their valuable assets from theft, […]
Authored by Alasdair Macleod via GoldMoney.com, The gap between fiat currency values and that of legal money, which is gold, has widened so that dollars retain only 2% of their pre-1970s value, and for sterling it is as little as 1%. Yet it is commonly averred that currency is money, and gold is irrelevant. As […]
DENVER, Oct. 7, 2020 /PRNewswire/ — Buscar Company (CGLD) provided an update today on the company’s Plan of Operations filed with the US Forest Service in July of this year. CEO Alex Dekhtyar stated, “We are pleased with the progress being made at Treasure Canyon and we look forward to ramping up our operations once the Plan of Operations is approved […]
Novem May 10th Gold & Blockchain Event The debut event, held in Austria, will discuss the link between gold & blockchain and allow attendees to buy fully-redeemable NNN gold tokens and NVM utility tokens VADUZ, Liechtenstein, May 3, 2019 /PRNewswire/ — Novem, a better way to buy gold, has announced it is holding its first […]
LONDON, April 12, 2019 /PRNewswire/ — China and Russia are staking enormously on the precious yellow metal. By the end of 2018, Central Banks had bought up 74% more gold than the year before—and they’re still going strong. Russia is hedging against the dollar heavily. China, too. Mentioned in today’s commentary: First Majestic Silver (NYSE: AG), Wheaton Precious […]
Even before the emergence of the growing plethora of cryptocurrencies, several attempts had been made in the past to create digital currencies based on gold, but none of them gained widespread support. Will blockchain and Bitcoin succeed where other attempts failed? One of the common criticisms and challenges of bitcoin and other cryptocurrencies is their price volatility […]
Q: Will Trump support a reset for the price of gold. A: Yes. Q; Why? A: The persons who control the big banks are also the persons that own most of the gold. Putting gold officially back into the monetary system will likely be necessary after the crash and burn in order to restore confidence. […]
The situation Americans face in the future will be nothing like anything they have experienced in the past. While we have seen old footage and heard stories about the Great Depression (starting in 1929), we have no idea how bad things really were during the 1930’s. At that time, approximately 25% of the American population […]
Q: Is there an update on the bottom for the gold market? A: Yes. On the bullion, it appears that the low was $1045 about 8 months ago. The shares made their lows mostly a month later. Some shares such as ABX, bottomed a half year earlier. It has been a fragmented market pattern. Q: […]