Gold
Sudan’s Budding Civil War Must Be a U.S. Priority
The suffering of the Sudanese people becomes more dramatic by the hour: water and food supplies are shrinking while the injured are turned out of their hospital beds to make...
Russia Busts Massive $13 Million Gold Smuggling Operation
Russia’s Federal Customs Service, or FTS, announced on Thursday that it had foiled an international attempt to smuggle 500 pounds of gold, worth approximately $13 million, through Moscow’s Vnukovo International...
Zimbabwe Pushes Gold Coins as a Cure for Runaway Inflation
The government of Zimbabwe has announced its intent to lower its high inflation rate by putting up a series of gold coins for sale, encouraging its citizens to store value...
Golden Rule: G7 Announces Russian Gold Ban
Leaders from the Group of Seven (G7) nations—the United States, Canada, the United Kingdom, France, Germany, Italy, and Japan—announced during a summit on Sunday that they had collectively imposed a...
Ukraine Invasion Will Raise Prices For These Three Goods
The latest Consumer Price Index (CPI) revealed that prices steadily trekked higher by 7.5 percent last month year-over-year—the fastest rate seen since in about four decades. Now, with Russian president...
What Happens to Afghanistan’s Gold Reserves?
The Taliban captured Kabul on August 15 and gained access to the headquarters, main vault, and cash reserves of Da Afghanistan Bank (DAB), which is the country’s central bank. The country’s...
Is North Korea Loaded with Lots of Gold?
Last November, it was reported that North Korea’s government had arrested six people in connection with an unusual plot: to smuggle gold from North Korea over the border into China. ...
Turkey’s Frantic Gold Rush Points to a Financial Crisis Ahead
The Turkish economy is “a train wreck in slow motion,” in the words of one former central banker. The Turkish lira, which lost 20 percent of its value against the...
What’s the Gold Standard, and Why Did the U.S. Abandon It?
The phrase “the gold standard” means, in common parlance, the best available benchmark – as in double-blind randomized trials are the gold standard for determining the efficacy of a vaccine....
Worth Its Weight: Why People Turn to Gold in Uncertain Times
Dirk Baur, University of Western Australia and Allan Trench, University of Western Australia “Gold” said famed investor Warren Buffett in 1998, “gets dug out of the ground in Africa or...
Could Gold Hit $2,000 an Ounce? (Thanks to Coronavirus and Trillions in U.S. Debt?)
With economic uncertainty comes increased investments in gold, as “gold bugs” swear by the commodity for its inherent value and limited supply. Since March — when the pandemic struck the...
How Confident are Investors About a Coronavirus Market Recovery? These Graphs Tell Us
Financial markets can tell us a lot about the economic recovery ahead, based on their direction of travel and how confident investors feel about the future. This is important as...