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China Is Closing Retail Gold Trading. Here’s What It Really Means
At the time of writing, gold is trading near $4,067 an ounce, down around 1.5% today, while silver is close to $58.06, down approximately 2.75%. Today’s market reaction is once again being driven by what the conflict could mean for inflation and interest rates. Oil has climbed towards $100 a barrel following attacks on two […]
Central Banks Are Selling Gold Right Now — And Still Buying More
Markets began the week with yet another reminder of just how quickly the picture can change. Gold briefly slipped below $4,000 an ounce yesterday before recovering above $4,070 today. Silver has rebounded more sharply, while oil climbed above $90 a barrel, up from less than $72 at the beginning of the month, around the level […]
Gold & Silver: Paper VS Physical — The $361B Gap Is Getting Wider Right Now
Gold and silver investing in 2026 is being shaped by a gap most investors have never examined. In 2025, daily gold trading volume averaged $361 billion. In the first half of 2026, it reached nearly $488 billion. The physical gold investment market that underlies it has not kept pace and the distance between paper gold […]
Gold & Silver: Asia’s New Clearing System Is Now Live: The Structural Story
Gold and silver have had another volatile week. At the time of writing, gold was trading close to $4,100 an ounce, having recovered some ground after renewed tension around Iran and the Strait of Hormuz. Silver remains under greater pressure, after another sharp move lower this week. The immediate drivers are nothing we haven’t spoken […]
Silver Down 50%: Why The Physical Floor Is Different From The Paper Crash
Silver has bounced this morning, but the broader question for investors remains unresolved. After falling back into the high-$50s from its January highs above $120, silver has delivered the kind of reversal that naturally raises doubts. At the time of writing, spot silver was trading near $58.96, up around 1.3% on the session, while gold […]
Central Banks’ Gold Strategy
After a bruising couple of weeks, gold and silver markets have started to look more constructive again. Gold fell heavily last week, briefly trading close to $4,100 per ounce, its weakest level for several months. Since then, it has recovered to around the $4,300 to $4,350 area. Silver followed a similar pattern, falling toward the […]
The SpaceX IPO and the Return of Financial Gravity
The most interesting thing about the SpaceX IPO is not SpaceX. It is what investors are being asked to believe. That may sound unfair, because SpaceX is not just some flimsy market confection dreamed up to exploit the latest financial fashion. It has built rockets, launched satellites and changed the economics of space in ways […]
Should you Sell Your Gold To Buy SpaceX?
At the time of writing, spot gold was trading near $4,115.90 an ounce after the latest U.S. inflation data, leaving investors with an obvious question: is this a buying opportunity, or is there worse to come? The May Consumer Price Index rose 0.5%, while annual headline inflation climbed to 4.2%, up from 3.8% in April. […]
Dollar Swap Lines Are Now A Political Tool – Gold & Silver Markets Are Responding
You may have seen the news yesterday that gold has now overtaken US Treasuries as the world’s top reserve asset. According to the European Central Bank, gold now accounts for 27% of global central bank reserves, compared with 22% for US Treasuries. Central banks have been net buyers of physical gold for many years now, […]
