Independent thinking for complex markets and current events
China’s silver imports exploded in March.They jumped +78% month-over-month to a record ~836 tonnes.That’s +173% above the normal 10-year seasonal average for March.Big surge came from retail investors buying silver bars plus solar panel makers stocking up before tax rebates ended. China is clearly hoarding silver hard right now. h/t daddysgirl794
The faint reassurance that the dollar still dominates is fleeting because the trend is compounding. Every deal settled in yuan, every gold warrant moved into reserves, every transaction bypassing the dollar erodes the assumption of American financial supremacy, and no press release or pundit can rewrite that reality. The question is unavoidable: who suffers first …
Gold (and central banks) know that neither Congress nor the White House has any plan in place to cut off relentless peacetime, "non-recession" deficit spending. Source: CBO pic.twitter.com/Mg8H8x8yDf — David Sommers (@dgsommersmkts) May 5, 2025 Heading into 2025, $GLD was underperforming the S&P 500 since 2020 by ~10%. However, as uncertainty has risen, $GLD is …
Gold is now up 1000% since the year 2000. The S&P 500 has returned 485%. pic.twitter.com/zGNvZeLHda — Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) April 14, 2025 BREAKING: Global net gold purchases by central banks hit 24 tonnes in February, the most since November 2024. This marks the 20th month of net buying over the last …
China secretly bought 50 tonnes of gold in February… PBOC reported just 5 tonnes — real number 10x higher, per Goldman Sachs… China reported 5 tonnes of gold purchases in February (160k oz per PBOC).China actually bought 50 tonnes of gold in February (per GS) pic.twitter.com/oQifGszNcQ — zerohedge (@zerohedge) April 13, 2025 Goldman Sachs upgrades …
China Secretly Snaps Up More Gold, Positions for Its Greater Global Role While 99% of the media keeps staring at official data by the Chinese central bank (PBoC)—misleadingly stating it added 5 tonnes of gold in November following a supposed six-month pause—the PBoC’s… — Jan Nieuwenhuijs (@JanGold_) December 24, 2024
From 1999 to 2002, the Bank of England sold around 395 tonnes of gold, over half of its reserves. Since then, gold is up over 900%. In 2016, the Bank of Canada sold nearly all of its gold reserves. Since then, gold is up nearly 120%. Have a great weekend. — Gold Telegraph ⚡ (@GoldTelegraph_) …
Global Central Bank Gold Purchases, in Tonnes, Q1/2010-Q1/2024 pic.twitter.com/wWD1RbMQts — Win Smart, CFA (@WinfieldSmart) August 13, 2024
Amid escalating concerns over fiscal deficits worldwide, the surge in gold purchases by central banks during the first quarter signals a broader financial instability, echoing fears beyond the US alone. As governments grapple with post-COVID economic challenges, the unprecedented acquisition of gold underscores growing uncertainties and the quest for stability in a volatile global economy. …
A “record” amount of cocaine worth €400m (£353m) has been recovered off the coast of Sicily. Seventy waterproof parcels, weighing a total of two tonnes, were found floating in the sea near the port of Catania. https://news.sky.com/story/record-haul-of-cocaine-found-floating-off-coast-of-sicily-12859400 A record batch of #cocaine (5.3 tons) was found on a fishing vessel off the coast of Sicily/#Italy. …