Mayor Mamdani Has Declared War on Gold

In the wake of a credit outlook downgrade for New York City, Mayor Zohran Mamdani and state legislators have just declared war on the financial center’s vibrant gold bullion market. The global credit rating agency Moody’s reduced the Big Apple’s outlook from “stable” to “negative,” issuing a statement: The change in outlook to negative reflects New York City’s updated spending … Read More

Precious Metals Market Update: 03/31/2026

Metals surge on Trump’s hint at Iran exit March 31, 2026 Precious metals posted their strongest session in weeks on Tuesday as a Wall Street Journal report that President Trump has privately expressed a willingness to end U.S. military operations against Iran—even without guaranteeing the reopening of the Strait of Hormuz—triggered a broad risk-on rally. Gold surged +3.47% to $4,678.98, … Read More

Can the Government Confiscate Your Gold?

For thousands of years, gold and silver have served this purpose. They remain the best long-term protection I know against the erosion of fiat currency value. But before purchasing gold, it is essential to remember that no investment is risk-free. In this essay, I will address the three real risks of owning gold: theft, government action, and price volatility. And … Read More

Goldman Raises Year-End Gold Forecast to $5,400 per Ounce

(Bloomberg) — Goldman Sachs Group Inc. has raised its year-end gold price forecast by more than 10%, reflecting growing private sector diversification into bullion in addition to already strong demand from central banks and exchange-traded funds. The bank increased its December 2026 price target to $5,400 per ounce, up from a previous forecast of $4,900, based on the assumption that … Read More

China Is Weaponizing Silver Using Export Restrictions

Silver now finds itself at the center of a geopolitical wrestling match over critical elements. In what is clearly an effort to control the market, China recently announced export controls on silver. This could exacerbate the global supply shortage, already creating a significant silver squeeze. According to the policy that took effect on January 1, only large state-authorized and approved … Read More

Central bank gold statistics: central banks increase gold purchases in October

Highlights Central banks bought a net 53 tonnes in October, a 36% increase month-on-month and the highest monthly net demand of the year A familiar group of buyers – led by a resurgent National Bank of Poland – drove the gains The year-to-date total reported purchases through October remained solidly positive at 254 tonnes, but slower than in previous years. … Read More

Silver reaches a new record after surpassing the peak of the October squeeze

(Bloomberg) — Silver has reached a record high, surpassing a peak reached during a historic squeeze in the London market in October. Spot prices rose as much as 4.2%, reaching approximately $55.66 per ounce. The white metal was supported by growing hopes of a Federal Reserve interest rate cut in December, inflows into exchange-traded funds backed by bullion, and the … Read More