25 February 2022
Contrary to our initial beliefs, it appears that Russia has gone ahead with a full-scale military assault on Ukraine with somewhat mixed results so far. Gold, silver, equities and bitcoin have been hugely volatile in their response so far but we firmly believe that the Russian move, coupled with perhaps enhanced inflation fears, remains positive for precious metals and distinctly negative for equities and bitcoin once the markets settle down.
21 February 2022
With the weekend passing without the presumed inevitable Russian onslaught on Ukraine, gold and silver have been marked down a little in the absence of U.S. markets for Presidents Day. However the global geopolitical situation remains tense and precious metals will likely continue to benefit accordingly.
15 February 2022
Tensions have eased a little over Western accusations that Russia was about to invade Ukraine as the former reports that some of its troops and military equipment amassed on Ukraine's border are returning to base. The possible relaxation of tensions has seen a sharp dip in precious metals prices, but we question whether there was ever a Russian intention to invade at all.
09 February 2022
New gold withdrawal figures for January from the Shanghai Gold Exchange demonstrate that Chinese gold demand is still riding high and should help counter any demand headwinds that may be developing elsewhere.
21 January 2022
Both general equities and bitcoin have seen sharp falls in recent days, enhancing the value of investment in safe haven assets like gold and silver, particularly in the current negative real interest rate environment
08 January 2022
Latest figures out of China's Shanghai Gold Exchange suggest that 2021 gold demand in that nation was the highest for three years. Taken together with strong demand in India too, the figiures are a definite positive for a continuing rise in global gold consumpgtion.
21 December 2021
The Russian 100,000 ounce addition to its gold reserves in October was reversed in November with a similarly sized withdrawal. Meanwhile it could be surreptitiously building its gold reserves through additions into it National Wealth Fund.
14 December 2021
The recent votolatility in Bitcoin, which has even seen BTC - the most traded cryptocurrency - fall by around 30% at one time and smaller cryptos like Dogecoin over 70% below its peak, demonstrate that cryptocuurencies are not reliable wealth preservers and waverers will likely return to gold as the ultimate safe haven as it has been from time immemorial
08 December 2021
The latest gold withdrawal figures from China's Shanghai Gold Exchange, point to an annual gold demand total exceeding 1,700 tonnes this year, the highest level since 2018.
23 November 2021
Latest figures from the Russian central bank show another increase in its gold reserves in October of 3.1 tonnes , a similar amount to that recorded also in July and September. However this amount is too small to yet know whether this represents a reversal in the bank's recent gold buying policy.
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