Goldman Sachs Boosts Ethereum ETF holdings By 2,000%; Bitcoin ETFs To $1.5 Billion
Goldman Sachs Boosts Ethereum ETF holdings By 2,000%; Bitcoin ETFs To $1.5 Billion Authored by Brayden Lindrea via CoinTelegraph.com, Investment bank Goldman Sachs increased its spot Ether exchange-traded fund (ETF) holdings by 2,000% in the fourth quarter of 2024, along with boosting its Bitcoin ETF stash to over $1.5 billion. Goldman upped its Ether ETF […]
World’s Gold Divided: Six Rings Each for 8 Billion People
The world’s total discovered gold reserves, standing at 244,000 metric tons, might seem vast at first glance, but when divided among Earth’s 8 billion people, it reveals a surprisingly modest allocation. Each person’s share would amount to just 30 grams of gold – enough to make six gold rings or…
Gold Climbs as Trump’s Tariff Plans Stoke Trade War Fears
Gold prices recovered to $2,917 per ounce, approaching its recent record of $2,942.70, driven by a weakening dollar and rising trade war concerns. President Trump’s planned reciprocal tariffs have heightened market uncertainty, while the Federal Reserve maintains its cautious stance on rate cuts. ANZ analysts project gold could reach $3,000…
How Will Gold & Silver Perform Under the Trump Admin? Alan Hibbard
Are tariffs, trade wars, and global volatility pushing precious metals to new heights? Alan Hibbard dives deep into why gold is hitting all-time highs.
Gold Marches Toward $3,000 as Central Banks Stock Up
Gold’s rally shows no signs of slowing as the precious metal inches closer to the psychological $3,000 mark, driven by multiple supporting factors. The latest surge comes as President Trump and Vladimir Putin initiated discussions to end the Ukraine conflict, which strengthened the euro against a weakening US dollar. Despite…
Russian Gold Buying Increases 62% Since Ukraine War
Russians are increasingly turning to gold as a financial safe haven amid growing economic pressures. Consumer gold purchases hit 75.6 metric tons in 2024, marking a 6% increase from 2023 and a dramatic 62% jump from pre-war levels in 2021. Why? A few reasons: record-high inflation at 9.5%, the ruble’s…
Gold Mining Crisis: Reserves Drop 40% as Mining Costs Soar
Gold market experts Frank Giustra and Grant Williams delivered important warnings about the future of gold during their presentation at VRIC. They highlighted a significant divide in how different parts of the world approach gold investment. Eastern investors tend to view gold as a way to preserve wealth over the…
Russian Gold Reserves Crash 46% as Citizens Rush to Buy
Russian banks’ gold reserves plunged 46.4% in 2024, hitting their lowest level since July 2022 at 38.1 metric tons ($3.4 billion). This dichotomy reflects the country’s complex economic challenges: high inflation at 9.5%, record interest rates at 21%, and ongoing sanctions impact. Russian citizens, faced with a weakening ruble and…
Record Gold Prices Trigger Bank Shortages Across China
A buying frenzy has emptied gold inventories across China’s banking sector as the precious metal hits consecutive record highs, reaching $2,942.71 per ounce. The Industrial and Commercial Bank of China reports nearly all sizes of their Ruyi Gold bars are out of stock, with only 10-gram bars showing limited availability….
Gold’s 40% Surge Raises Stakes in Treasury Reserve Debate
As gold experiences a remarkable rally with over 40% gains in the past 12 months, outpacing the S&P 500’s performance by double, a controversial proposal has emerged regarding America’s gold reserves. The suggestion to adjust the bookkeeping valuation of these reserves could theoretically add $750 billion to the U.S. Treasury…