US dollar hegemony has long been a standard feature of the global financial and economic system. But developments in recent years and months (weeks, even) suggests there are more than a handful of countries who are looking to rely less on the US dollar. Instead countries who have long been at the mercy of the US dollar are looking to take their finances into their own hands…and gold is set to play a key role.  The U.S. and China are reportedly ‘taking steps to renew their engagement and cooperation … however, it is one step forward and 10 steps backwards.  The U.S. political dysfunc ..read more

It’s that time again when the US government has to prepare itself for an internal battle to raise the debt ceiling so it can meet various obligations. This is a merry dance that has been danced before, as we mention below. For sure, every time it happens fewer and fewer people are convinced of the trustworthiness of the US dollar. This combined with the recent announcement by Saudi Arabia of its willingness to consider trading in currencies other than the US Dollar and the Euro suggests that the era of US Dollar hegemony may be in its final act.  Every few years the U.S. government enter ..read more

This week we bring you some silver candlesticks. Sadly not the nice shiny ones your grandmother left you, no these are much more useful. We’re talking about candlesticks on charts and what they can tell us about both the gold and silver price in the coming weeks.  Patrick Karim of NorthStarBadCharts.com joined us over on GoldCore TV to show us what he’s been working on over the last few days, so we can see just what key signals to look out for in the markets and if they’re indicating break-outs and new highs.  Buy Gold Coins GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix) 16-01 ..read more

Anyone who has decided to buy gold, or follows the gold price will be aware of how powerful the US Federal Reserve is. This year the Federal Reserve will turn 110 years old, only in recent years is dollar hegemony appearing to falter. Below we look at the central bank’s origins and three lessons we can learn from the history of the world’s most powerful bank, in order to help our investment decisions in 2023.  Is the FED’s institutional history about to repeat itself? Every institution follows a lifecycle. Institutions are born out of a need to solve an issue. After birth, they grow in s ..read more

Today we ask, what is wealth? As we start a new year many will be looking at their portfolios and wondering what 2023 will have in store for them. Similar to 2022, we suspect there will be a lot of unknowns. As with anything unforeseen, it’s a good idea to have some insurance. This is why there were record levels of gold buying last year, and we expect the same in the coming months; because people want to protect their wealth with the insurance that gold offers. However, it isn’t always the unknown or unseen that can cause damage to our wealth, sometimes it’s outright incompetence, as we disc ..read more

Throughout 2022 Goldcore has been reminding readers that physical gold and silver investment is the best way to avoid the damaged systems run by governments. We have reminded readers that precious metals have no counterparty needed to vouch for or to approve their value, a fact which keeps them outside of the ‘system’. Next week we shall return to the ‘system’ as a topic. This week to honour the Christmas period we examine some of the reasons silver and gold have their five-thousand-year histories. People today are less religious than in past centuries for reasons well beyond the scope of ou ..read more

They say Christmas is a time for giving, and this is exactly the approach of central banks this year. Last week four central banks gave us interest rate hikes alongside hints at future hikes. This was as expected but what no one quite expected was the new counterintuitive approach they seem to be taking. This week on GoldCore TV Jan Skoyles questions what’s really going on and why gold just isn’t believing the hype around central bank announcements, instead choosing to hold its own as it heads into a new year. Tune in as we look at Fed policy, gold price performance in 2022, and what Nou ..read more

Laurence J. Peter said, “An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.” Right now we think this might be the motto that helps central bankers sleep at night. Terrifying as that may seem, investors do not have to just “wait-and-see” what impact central bank policies will have on their portfolios. Gold and silver are excellent ways to hold assets outside of the financial system and to add a level of insurance to your portfolio, that no other asset can provide.  The Fed’s statement released this week was little changed from the ..read more

Which of these central banks have set records this year? China India Turkey Iran  This is actually a trick question as the answer is all of them. That’s right they have all been part of an enormous central bank push to move away from the US Dollar and add more gold to their respective coffers.  The not-so-surprising ‘surprise’ on that list is China, who just last week revealed themselves to be the big gold buyer so many have been wondering about, for the last few months.  It’s long been known that China is making moves away from the dollar, but this news combined with record ..read more

Are you feeling a bit confused about how the gold price has fared this year? Below we lay it all out for you, and compare it across different currencies as well as asset classes.  The true performance of the 2022 gold price Gold and silver prices have been rising since early November. After setting a high for the year in early March, soon after Russia invaded Ukraine, gold was on a declining trend in US dollar terms until early November. In other currencies, gold has fared better and trended sideways since May.  For the majority of the year, gold and silver prices faced stiff headwi ..read more