Once purified, the gold goes through a sequence of heating and cooling cycles (annealing) to make the metal more malleable. It is then hand-formed into jewelry at the mint.
Central banks around the world have bought thousands of tons of gold after the U.S. and allies froze Russian dollar assets and locked Russia out of the SWIFT payment system.
Rules now have the potential to be overturned and the bureaucracies enforcing those rules have the potential to be removed, under the assumptions DOGE make.
When gold outperforms silver, especially if both metals are declining in price and the US dollar is rising, the indication is anti-liquidity for the markets.
Analysts say record gold prices in the fall dampened Chinese demand. With prices moderating late in the year, the Chinese have apparently returned to the table.
Americans are rightly furious that President Biden has sent as much as $200 billion to fund Ukraine’s futile war with Russia, but where did Biden get that money? From Congress.
