Sen. Rand Paul invites Elon Musk to inspect the largest U.S. gold reserves at Fort Knox. Musk’s questions about the gold supply have sparked speculation about a potential review. Fort Knox stores over 147 million troy ounces of gold, serving as a financial hedge against economic instability. The last inspection was in 1974, with another one in 2017. Conspiracy theories persist regarding the vault’s actual gold content, leading to renewed interest in transparency.
f there was ever a buy signal in the physical gold market, two consecutive years of record gold buying from central banks has to be it.
Gold’s upward trend above $2,000 per ounce is prompting calls for a rally to a new all-time high.
1. The global economy and financial markets are at a crossroads. After a year of grappling with rampant inflation that spurred central banks to embark on their most aggressive tightening campaign in decades, some investors are starting to see the possibility of a soft landing that avoids a brutal recession. But policymakers warn that they…
We don’t know exactly what China’s plans may be, but it would not be surprising in the least if they’re preparing now to pounce at the next crisis, particularly a monetary one.
It happened with little fanfare, with virtually no reporting by the mainstream press. But this development signaled that one of the biggest gold-buying entities sees a growing need to own gold right now.
Gold and silver are experiencing an impressive rally at the moment. This is all good news for precious metal investors, who have been waiting a long time for this rally.
For centuries, East Indians have regarded gold as the primary source of wealth. All Indians own gold if they can afford to. They keep it as close as possible, sometimes in coin form, but often as jewellery, since “wearing wealth” means that it can be kept very close. They’re often especially reluctant to trust banks to hold their gold.
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