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The UK Government Has Just Explained Why People Own Gold
When David Lammy addressed the World Gold Council and London Bullion Market Association this week, he intended to warn his audience about illicit gold. Instead, almost accidentally, he explained why so many people own it. “Unlike cash,” he said, gold “ does not need a bank account, a password or an internet connection.” This was […]
Central Banks’ Gold Strategy
After a bruising couple of weeks, gold and silver markets have started to look more constructive again. Gold fell heavily last week, briefly trading close to $4,100 per ounce, its weakest level for several months. Since then, it has recovered to around the $4,300 to $4,350 area. Silver followed a similar pattern, falling toward the […]
