Gold’s center of gravity moving from West to East
As payment systems shift and reserves diversify, bullion is leaving Western hubs for Asia in a quiet reordering of monetary power. Read More Here
Tag: gold
Global Commodity Prices Set to Fall Through 2026 Amid Historic Oil Glut
Global commodity prices are set to tumble to a five-year low in 2025 amid an oil glut that is so large that it is likely to limit the price effects even of a wider conflict in the Middle East, according to the World Bank’s latest Commodity Markets Outlook. Even so, overall commodity prices will remain 30% higher […]
Falling Rupee Puts Modinomics In Great Peril
Though drops in the Japanese yen and Chinese yuan are getting the global headlines, the all-time lows set by the Indian rupee may be the most troubling currency stumble of them all. Read More Here
The Unfreezable Asset: Gold, Sanctions, And Russia
Can President Vladimir Putin’s gold hoard help the Russian economy to weather biting financial sanctions? Though there are limits to the yellow metal’s usefulness, it can function as an economic lifeline for an isolated economy. Read More Here
The Rethinking Of The International Monetary System
Fifty years ago, the world changed. On August 15, 1971, US President Richard Nixon slammed shut the “gold window,” suspending dollar convertibility. Although it was not Nixon’s intention, this act effectively marked the end of the Bretton Woods system of fixed exchange rates. But, in truth, with the rise of private cross-border capital flows, a system […]
A Digital Nixon Shock?
US President Richard Nixon’s 1971 decision to end the US dollar’s convertibility into gold had such far-reaching consequences that it took policymakers decades to learn to manage the new system. Now, digital technologies are driving a new monetary revolution that could end the greenback’s global primacy altogether. Read More Here
The Taliban, It Least, Are Striking Gold in Afghanistan
For decades, Afghanistan’s untapped mineral wealth has been touted as the country’s trillion-dollar El Dorado. But while the Afghan government has never been able to monetise mountains of copper, iron ore, gold, and gemstones, the Taliban have—and are ramping up their mining operations as just-started peace talks aim to shape the future of a postwar […]
How Chinese Mining In The Himalayas May Create A New Military Flashpoint With India
China has begun large-scale mining operations on its side of the disputed border with India in the Himalayas, where a huge trove of gold, silver and other precious minerals – valued at nearly US$60 billion by Chinese state geologists – has been found. Read Here – South China Morning Post
Will Trump Destroy The Dollar?
Under President Trump, it is possible, for the first time in a generation, to imagine a concerted attack on the central bank. Conceivably, the United States could repeat the story of the mid-1960s and ’70s, when a 15-year period of central-bank independence was brought to an end by presidential bullying. Back then, Lyndon B. Johnson […]
China’s Hunger For Raw Materials
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