Gold, Silver & Other Precious Metals 19 (Oct 24 - Dec 26)

[behappyalways]

China Discovers World's Largest Gold Deposit Worth $83 Billion
https://www.zerohedge.com/precious-meta ... 80-billion

[winston]

China’s central bank resumes gold purchases after six-month hiatus in November

The PBOC was the world’s largest official sector buyer of gold in 2023.

China’s gold holdings rose to 73 million fine troy ounces at the end of November, up from 72.8 million troy ounces a month earlier.

The value of China’s gold reserves fell to US$193.4 billion at the end of last month from US$199.16 billion at the end of October.

Source: Reuters

https://www.businesstimes.com.sg/compan ... s-november

[winston]

3 Reasons Gold Could Keep Rising

by Karim Rahemtulla

1. Our fiscal situation is out of control.
2. Interest rates aren’t budging (despite the Fed’s efforts).
3. The conflicts in the Middle East and Ukraine.

Source: Wealthy Retirement

https://tradesoftheday.com/2024/12/09/3 ... ep-rising/

[winston]

You Want to Own Gold As We Head into 2025

by Brett Eversole

Global central banks are massive players in the gold market. They buy to fill their vaults and protect their nations from foreign interference.

The boom we’ve seen so far is all thanks to central banks. But retail investors will show up to the party – and it’ll likely happen soon.

They’ll get sucked in by the allure of easy profits. And that’s what will cause the eventual crescendo to this gold bull market.

Source: Daily Wealth

https://tradesoftheday.com/2024/12/11/y ... into-2025/

[behappyalways]

Understanding The Implications Of The CME's New 1oz Gold Futures
https://www.zerohedge.com/markets/under ... e_vignette

[behappyalways]

The price of gold frequently hits highs, and the gold rush becomes even more popular!
The US exchange will launch a "1 ounce" gold futures contract to allow retail investors to buy easily.
Supermarkets in Taiwan and South Korea have set up "gold coin vending machines" to make buying gold more convenient.

金價頻創高 淘金更熱! 美交易所將推"1盎司"黃金期貨合約 讓散戶輕鬆買 台韓超商設"金幣販賣機" 買金更便利｜非凡財經新聞｜20250102

https://m.youtube.com/watch?v=n6WoBm_1daE

[behappyalways]

Just like buying cabbage! Shenzhen Shuibei was overwhelmed by the rush of people rushing to buy gold in mainland China, and passenger flow surged by 40%

就像買白菜! 陸年前搶黃金人潮擠爆深圳水貝 客流激增四成｜TVBS新聞 ‪@TVBSNEWS02‬

https://m.youtube.com/watch?v=ruQK7bmUF_Y

[behappyalways]

You can find it for NT$330. The Lunar New Year product "Golden Mobile Phone Sticker" is a hot seller

330元台幣有找 陸年貨「黃金手機貼」熱銷｜TVBS新聞 ‪@TVBSNEWS02‬

https://m.youtube.com/watch?v=xDWwSjvDPOs

[behappyalways]

A look at the exclusive production line of local gold beans.
Only available in Taiwan at "1 yuan"!
Golden egg blind box, a gift for the coming of age festival.
This year's gold price is expected to reach 3,000 US dollars according to BNP Paribas.

直擊本土金豆豆獨家產線 "1錢重"台灣才有! 金蛋盲盒成年節伴手禮 今年金價法巴銀行上看3千美元｜非凡財經新聞｜20250117

https://m.youtube.com/watch?v=_RMmG1CYFQI

[behappyalways]

Which countries produce the world’s silver?
https://www.mining.com/which-countries- ... ds-silver/