The board of Australia's Newcrest Mining has recommended the latest takeover offer of bigger sector player Newmont, which last month valued the target company at $19.5 billion. The latest offer is one that the board would be prepared to recommend subject to successful due diligence during the period...
The US has been weaponising its currency - but that comes with a cost... Today commentators overwhelmingly agree that a weakening US dollar cannot possibly lose its status as the world’s dominant currency because there is “no alternative” on the visible horizon. Perhaps, but don’t tell that to the m...
Rumors are making rounds that Saudi Arabia is selling oil for yuan, which it converts into gold on the Shanghai International Gold Exchange (SGEI). Such a development would make sense as large parts of the world want to de-dollarize, but the renminbi is not suitable to be used as a reserve currency....
What Happened Authored by Goldfix On Friday, Russia’s Finance minister announced their National Wealth Fund (NWF) is now permitted to allocate up to 60% of its holdings in Chinese Yuan and up to 40% of its holdings in Gold Bullion. This is a doubling in permitted allocation percentages up from 30% a...
Some interesting recent data remind us of the importance of paying attention to what governments actually do, not just what they say. Central banks are on a gold-buying spree, and they are using their U.S. dollar foreign reserves to fund it. According to a report by the World Gold Council, central b...