Bullion, the oldest reliable investment!

Owning gold, Central Banks, and ships in stormy weather.

First, what are “central banks”? According to Wikipedia: “A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries. In contrast to a commercial …

Bullion, the oldest reliable investment!

Who is buying gold? India’s gold and silver imports leap by 500%.

A while ago I wrote about how the Chinese people were buying more and more gold coins and gold bars. Here is an excerpt from that post: “The total amount of household savings invested in gold has grown from about $200 billion in the late 1990s to $1.2 trillion in 2010. Jewelry demand alone has …

Bullion, the oldest reliable investment!

Who is buying gold? The Chinese are. And I’m not talking about the Chinese government.

As with any other commodity, the price of gold rises and falls according to supply and demand.   And if you want to see where the demand is right now, look no further than the 1,336,718,000 inhabitants of China. Yes, that’s about one and a third billion people. According to the head of the country’s …

Bullion, the oldest reliable investment!

Who is buying gold? The Central Bank of Mexico.

The Banco de Mexico bought 93.3 tonnes of gold bullion in February and March, according to data released by the International Monetary Fund. It had previously held 6.9 tonnes.   “We want to get the best risk-return balance in our investments,” Said Agustin Carstens, governor of Bank de Mexico. “Given the performance gold has had …