Unfortunately, African nation of Zimbabwe can’t be perceived as greatest example of financial stability. It is just the opposite – it became a living symbol of modern-day hyperinflation. But could its issues be fixed with newest version of Zimbabwe Dollar? This time backed with gold and FX currencies basket.
United Arab Emirates – most important precious metals distribution centre for South East Asia and large chunk of Africa. India – market always hungry for precious metals What could happen if combine those two into one subject? Analysis of import / export landscape between UAE and India, in the context of precious metals in Comprehensive Economic Partnership Agreement. Only on Metal Market Europe Blog.
History of silver in the monetary system of the United States is turbulent and interesting from both historical and numismatic point of view. It is worth to outline and introduce it to our readers. Especially since at Metal Market we recently had pleasure of adding Peace Dollars, straight from the Royal Canadian Mint, to our range of products. Bullion inspired by classic, historic American design.
Ongoing correction on prices of gold may soon come to an end due to fundamental reasons, cyclicality but also because of new and old but refreshed factors, which we’ll try to describe below. One thing is certain – despite of horizontal moves many assets experienced last months – we do not have reasons to be bored.
On 24th October 2023 precious metals analyst – Mr Ronan Manly – noticed that Chinese banks directly participating in LBMA Gold Price Auctions have disappeared of the list. This has not been commented in any way by LBMA and related authorities and for now reminds under shroud of mystery. As for now, this didn’t get sufficient media coverage. Also interested counterparts didn’t release any official statement. So in attempt to understand what happened, we’ll try to examine information and attempt to set it within wider background. Analysis may contain some speculative conclusions.
OIn recent weeks new tensions emerged, occasionally even temporarily pushing war on Ukraine off the first pages of newspapers. That is military coup d’état in Niger and risk of potential intervention aimed to restore previous government. Allegedly junta threatened to ban gold and uranium exports to France. Which was soon proven to be fake news. But we think it is worthy considering what we have just witnessed and ‘what if and if at all’ effects on precious metals markets
Mexico tightens its mining law. Process was ongoing since several years, but this time it has been backed up by legislative changes. How and if that may affect worldwide supply of silver?
Türkiye, country of many contrasts where east meets with west, recently announced pausing its gold purchases.