Gold – Page 8 – THE OVAL CIRCLE

Venezuela sues Bank of England for refusal to return country’s gold amid coronavirus crisis

Posted on May 21, 2020May 21, 2020By Editor

Venezuela’s Central Bank has launched legal action to force the Bank of England to release more than $1 billion in gold held in its coffers to battle the Covid-19 outbreak, according to Reuters. … Read More >Venezuela sues Bank of England for refusal to return country’s gold amid coronavirus crisis

Paper gold trade is now bigger than ALL of Germany’s reserves

Posted on May 20, 2020May 20, 2020By Editor

The price of gold exchange-traded funds (ETFs) steadied on Tuesday at the equivalent of $1,733 per ounce after retreating on the news of a potential coronavirus vaccine by drug maker Moderna. … Read More >Paper gold trade is now bigger than ALL of Germany’s reserves

World

‘Obstruction attempt’: Iran rejects US claim that it’s hoarding Venezuela’s gold as payment for economic aid

Posted on May 2, 2020May 2, 2020By Editor

An Iranian Foreign Ministry spokesperson has said that Washington is using false accusations to ramp up its pressure campaign in Venezuela following US claims that Caracas has sent planes loaded with golden bars to Tehran. … Read More >‘Obstruction attempt’: Iran rejects US claim that it’s hoarding Venezuela’s gold as payment for economic aid

‘The Fed can’t print gold:’ Bank of America sees bullion price surge to $3,000 as paper money crumbles

Posted on April 22, 2020April 22, 2020By Editor

At a time of weak economic growth and increased market volatility, analysts are getting more bullish on gold. According to Bank of America, the precious metal is headed 78 percent higher, to hit $3,000 per ounce in 18 months. … Read More >‘The Fed can’t print gold:’ Bank of America sees bullion price surge to $3,000 as paper money crumbles

Doomsday is looming for paper gold – RT’s Max Keiser

Posted on March 29, 2020March 29, 2020By Editor

Those trying to get gold via the EFP (Exchange for Physical) are now realizing that the real metal is not there, further shattering the positions of paper gold, RT’s Keiser Report has found out. … Read More >Doomsday is looming for paper gold – RT’s Max Keiser

Britain bought a record amount of Russian gold last year, spending over $5 BILLION

Posted on February 28, 2020February 28, 2020By Editor

Sales of Russian gold abroad jumped eight-fold last year to $5.7 billion, with almost all of that volume purchased by the United Kingdom. … Read More >Britain bought a record amount of Russian gold last year, spending over $5 BILLION

AU yeah! Gold surges more than 2% hitting 7-year highs

Posted on February 24, 2020February 24, 2020By Editor

Investors are rushing to buy the safe haven yellow metal after rising fears over the spread of the coronavirus epidemic triggered panic sell-offs on Asian and European markets. … Read More >AU yeah! Gold surges more than 2% hitting 7-year highs

US dollar collapse will happen this year, gold fund manager tells RT’s Keiser Report

Posted on January 21, 2020January 21, 2020By Editor

Central banks have been buying massive amounts of gold over the last 50 years, purchasing a historic high of 374.1 tons in 2019. The unprecedented shift has been seen by many as a move away from the US dollar. … Read More >US dollar collapse will happen this year, gold fund manager tells RT’s Keiser Report

World’s super-rich are hoarding physical gold in secret bunkers

Posted on January 12, 2020January 12, 2020By Editor

The strategic case for owning gold remains strong, according to analysts at Goldman Sachs. They point to such factors as political uncertainty, recession fears and other worries among the global elite. … Read More >World’s super-rich are hoarding physical gold in secret bunkers

Oil rallies & gold hits 7-year high as tensions flare in the Middle East

Posted on January 6, 2020January 6, 2020By Editor

The escalating situation in the region following the assassination of a top Iranian military commander has given the yellow metal its highest rates in seven years, and raised oil to prices last seen in mid-2019. … Read More >Oil rallies & gold hits 7-year high as tensions flare in the Middle East