Bullion, the oldest reliable investment!

Is the U.S. planning to pay down its debt with gold?

Federal Reserve building, Washington DC

Central banks around the world continue to buy gold bullion. As I noted in a previous post, the world’s central banks purchased a total of 447 tons of gold in 2014 alone. That was the second biggest year for buying gold in the last 50 years. And it represented a 17% increase on purchasing in …

Bullion, the oldest reliable investment!

China is buying hundreds of tons of gold. Here is why…

In an earlier post I wrote about how Central Banks around the world have been busy buying gold bullion. I also mentioned that in China consumer demand for gold is down. And that’s true. Consumer demand for gold in China has fallen because their economy is facing some turmoil of its own. Working people have …

Bullion, the oldest reliable investment!

Buying gold bullion is like establishing your own personal bank reserve.

National central banks buy gold bullion for the security it provides. While currencies can become devalued to such a degree that they become almost worthless, that won’t happen to gold. Gold prices may rise and fall, but they will never fall to zero. In fact, at the exact time that paper currencies go into free-fall, …

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 …