As Bloomberg reporter Jack Ryan explained, given the relatively limited investor exposure to gold in the West, even a modest increase in inflows could mean a big surge in price.
Canada’s comparative advantage is in getting things out of the ground—oil, natural gas, gold, wheat, potash—but geography forces its producers to sell at a discount to a single buyer.
Nearly three-quarters of newly mined silver comes as a byproduct of copper, lead, zinc and gold mining, meaning higher silver prices don't necessarily lead to higher silver production.
The last time the Bank of Korea expanded its gold reserves was 13 years ago. The country currently holds just over 104 tonnes of gold, about 1.1 percent of the country’s total reserves.
Fidelity International trimmed its gold holdings earlier this year as the yellow metal corrected and traded sideways after the onset of the U.S.-Iran conflict.
