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The Gold That Changed Its Passport
In March 1921, officials at the United States Treasury faced an unusual problem. Gold arriving from Europe appeared suitable for purchase by the American mint. It was easy enough to test both its weight and purity, and therefore establish its value. But they didn’t want it. The Treasury didn’t want it because the gold was […]
Russia Sent 100 Tonnes of Gold East. Is This How Dedollarisation Really Begins?
At the time of writing, gold is trading around $4,362 an ounce, down roughly 0.9% today, while silver has fallen more sharply to about $64.92, a decline of 3.3%. The immediate trigger was yet another uncomfortable US inflation report, in the form of August’s PPI. Producer prices rose 0.4% in August and 5.4% over the […]
