World Economics

Original articles about the world’s central banks, economies, currencies, and more…

Tracking Gold’s Global Flow

What is the Big Hurry to Get Gold Bullion Moved? We don’t mind if you call us suspicious. When we first heard about all the gold that was being packed up and shipped at considerable expense from Europe, mostly from the Bank of London, we wondered if it had anything to do with the talk of Fort Knox about to be audited. Were the authorities scrambling like teenagers to get the house cleaned up after their big party before their parents came home? We’re still wondering. You would probably be suspicious if your bank ferociously resisted auditing.  Like the US gold depositories.  Like the Fed. That would partially explain today’s powerful gold bull market.  It would also explain why the world central banks have purchased a thousand tons of gold every year for the last three years!  They have heard what the big gold fuss is all about through the central bankers’ grapevine.  As one of them told us years

2025-11-24T17:02:21-07:00Apr 3, 2025|Gold News, World Economics|

Trade Wars Begin? Or Not?

President Trump's 25 percent tariffs on goods from Mexico and Canada might or might not be in effect soon.  As we write this, tariffs are on hold for goods that are covered by the North American trade agreement.  If and when a general tariff kicks in, Canada has promised to retaliate with 25 percent tariffs on $100 billion worth of US imports. Mexico is will likely to do the same.   Trump also introduced an additional 10 percent tariff on Chinese imports just days ago, bringing the total tax to 20 percent following a similar increase last month. China swiftly retaliated with tariffs on US food and agricultural products and an export ban on some defense firms.  According to the Peterson Institute for International Economics, calculating the full Trump tariff proposal, “the direct cost of these actions to the typical, or median, US household would be a tax increase of more than $1,200 a year.” Treasury secretary Scott Bessant minimizes the impact of

2025-11-24T16:59:05-07:00Mar 17, 2025|World Economics|

China Back Buying Gold Big Time!

(Although they never really left!) SHANGHAI (Reuters) – China’s central bank resumed buying gold for its reserves in November after a six-month pause, official data by the People’s Bank of China (PBOC) showed on Saturday. That’s Part One of the story.  Here’s Part Two: (Business Standard.com) – China added gold for a second straight month as it bought 10 tons of gold in December, that took its gold reserves from 72.96 million ounces in November to 73.29 million ounces. China buying gold at historically expensive levels is being seen as a positive signal for the yellow metal. China is serious about gold and that is not going to change even if the People’s Bank appears to be out of the market for a while.  China remains both the world’s largest official sector buyer of gold and the world’s largest gold producer. Reuters reports that China’s central bank bought 160 thousand troy ounces of gold in November.  The official institutions of

2025-11-24T17:00:19-07:00Jan 14, 2025|Gold News, World Economics|

Secret Gold Buying?

Saudi Arabia joins China in quiet gold acquisitions!  Have you thought about doing the same? There appears to be a sharp rise in secret, off-the-books gold buying by foreign central banks.   Based on World Gold Council reports and other sources, Saudi Arabia has cranked up its gold buying machine.  Since 2022 the Saudi Arabian Monetary Authority appears to have added 160 tons of gold. Much of this activity is unreported, secretive gold buying, only able to be pieced together by comparing gold movements from elsewhere with other reported financial data. You can be sure that with the US freezing dollar assets of sovereign nations like Russia, other countries are doing what the Saudis are doing and moving assets out of jeopardy and into non-dollar alternatives.  And much of it could be unreported. China is leading the world in off-the record gold acquisitions, according to those that track its activities closely.  But these days it takes a little sleuthing.  And

2025-11-24T16:30:10-07:00Oct 1, 2024|Gold News, World Economics|
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