The Numbers Tell the Story Between January 2022 and December 2025, China’s central bank added roughly 316 tonnes of gold to its official reserves. Russia accumulated approximately 200 tonnes over the same period. These arent normal accumulation rates. They’re strategic moves by two of the worlds largest economies to reshape their financial foundations. The Peoples … Read more
When gold hit its first record high in late 2024, the average year-end forecast from major investment banks was wrong by hundreds of dollars per ounce. By the time those forecasts were revised, gold had run further still. The pattern repeated through 2025. Every quarter, analysts at firms like Goldman Sachs, JPMorgan, Bank of America, … Read more
A 1-ounce American Gold Eagle coin doesn’t have a price tag set by the mint. Neither does a gram of gold in a jewelry store window, or the bars sitting in a bank vault. They all reference a single number that updates every few seconds across the planet , the gold spot price. If you’ve … Read more
In 2010, after two decades of being net sellers, the world’s central banks reversed course and started buying gold. They haven’t stopped since. By 2022 and 2023, annual net purchases by central banks exceeded 1,000 metric tons , levels not seen since the 1960s. That’s roughly 25% of all annual gold mine production, absorbed permanently … Read more