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  • Gold and bitcoin demand is surging as U.S. debt rises

    Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the country’s fiscal path, market observers say. The U.S. budget deficit widened to $1.7 trillion in fiscal year 2023 and is on track to reach $2.6 trillion by 2034, according to the Congressional Budget Office. U.S. government debt held by the public, meanwhile, is on pace to reach a record 106% of gross domestic...

  • China’s consumer price rise slows in March, as policymakers struggle to jumpstart spending

    China’s inflation rate slowed in March, official data showed Thursday, as policymakers struggle to jumpstart persistently low spending in the world’s second-largest economy. The consumer price index (CPI) last month edged up by 0.1 percent year-on-year, according to the National Bureau of Statistics (NBS), below the 0.4 percent gain forecast by a Bloomberg poll of […]

  • World Bank Report Highlights Advantage Of Central Bank Gold Revaluation Accounts

    World Bank Report Highlights Advantage Of Central Bank Gold Revaluation Accounts By Jan Nieuwenhuijs of Gainesville Coins Recently the World Bank released a handbook for asset managers on why to invest in gold. At Gainesville Coins I have written numerous articles on gold revaluation accounts and how these can be deployed by central banks to absorb losses in case of emergency. The World Bank has taken notice of my research as they allude to this practice in a chapter on reserve...