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Tag: World Gold Council

  • Gold at $5,400, $6,300, $7,200 — Is Wall Street Finally Pricing Fiat Weakness?

    Gold at $5,400, $6,300, $7,200 — Is Wall Street Finally Pricing Fiat Weakness?

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    by

    Aaron
    in

    The major banks are no longer whispering about gold. They are putting numbers on the board that would have sounded radical only a few years ago. Goldman Sachs has reaffirmed a 2026 year-end gold target of $5,400 per ounce, citing central bank demand, diversification away from traditional reserve assets, and the possibility of lower real…

  • Former U.S. Mint Director Suggests We May Have Hit Peak Gold as Cost to Mine Skyrockets

    Former U.S. Mint Director Suggests We May Have Hit Peak Gold as Cost to Mine Skyrockets

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    by

    Aaron
    in

    AUSTIN, Texas, Sept. 28, 2022 /PRNewswire/ — Philip N. Diehl (35th Director of the U.S. Mint and President of U.S. Money Reserve) says “peak gold” may have already been reached or at the very least is fast approaching. Peak gold is the point at which the maximum rate of gold extraction is reached, after which mining will slowly decline…

  • China’s Gold Market

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    by

    Aaron
    in

    World Gold Council and ICBC Enter Into Strategic Partnership to Promote China’s Gold Market BEIJING, April 1, 2010 – World Gold Council (“WGC”) and Industrial and Commercial Bank of China (“ICBC”) have signed a memorandum of understanding (MOU) for strategic cooperation within China’s gold market. This agreement will enhance the exchange of market information between…

  • First U.S. gold ETF poised to launch

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    by

    Aaron
    in

    The World Gold Council has filed its last registration statement with the SEC for an exchange-traded fund tied to gold bullion, signaling the ETF could be launched as soon as next week. The highly-anticipated fund would allow U.S. investors to invest directly in gold via an exchange-listed security for the first time. Gold ETFs have…