Consider what the bond market is saying. The Fed cut rates. The long bond rose anyway. Before the Fed began cutting in 2024, the 30-year Treasury yield was below the federal funds rate. Today there is a spread of roughly 156 basis points between them. That is not what you normally see after a cutting cycle
In any case, much of the U.S. gold reserve is impure metal, not acceptable for trade under current "good delivery" standards, and could not be fully mobilized in a financial emergency.
“The SILVER Act would promote resiliency, improve competition, lower costs for investors and commercial users, and strengthen America’s financial and critical minerals infrastructure.”
In another move to elevate its status as a gold hub, Hong Kong officials plan to expand the region’s gold storage capacity from 200 to more than 2,000 tonnes over the next three years.
Maharrey sees a multipolar monetary world: dollars, euros, yuan, gold, silver, and other currencies competing. He expects gold to play a larger role because central banks are buying it...
What made the meal special, and apparently qualified the dinner as “art,” was the fact that all the food was covered in gold. I’m talking real gold here.
Ghana’s efforts to expand its gold holdings are part of a broader global trend toward larger gold reserves, and many countries seek to diversify away from the dollar.
