Tag: World Gold Council
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The Truth About Gold: Is China Moving From Paper Promises to Physical Metal?
China is preparing to close an important door in the precious-metals market—and every serious gold investor should understand what happens next. On July 24, 2026, the Industrial and Commercial Bank of China, better known as ICBC, will stop providing individual customers with precious-metals trading services connected to the Shanghai Gold Exchange. Postal Savings Bank of…
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July 7: The Day Gold Settlement Moves East
On July 7, Hong Kong is expected to process the first settlement through its new gold clearing and settlement system — a milestone that may be remembered as the moment Asia stopped merely consuming gold and began building the financial infrastructure to price, settle, store, and control it. For generations, the gold market has been…
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Gold at $5,400, $6,300, $7,200 — Is Wall Street Finally Pricing Fiat Weakness?
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…
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Former U.S. Mint Director Suggests We May Have Hit Peak Gold as Cost to Mine Skyrockets
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…