Central banks are increasing purchases of gold, yen and China’s renminbi to reduce their dollar and euro holdings as a percentage of total reserves, the World Gold Council said. Official holdings increased to more than $12 trillion in 2012 from $2 trillion in 2000, while the share of gold and currencies apart from the greenback tripled in absolute terms since 2008, the London-based council... read more

FRANKFURT — In a profound signal of uneasiness about the health of the euro zone, the German central bank said Tuesday that it had nearly doubled the reserves it held to cover possible losses. The Bundesbank said it had raised its risk provisions, or the money it sets aside to cover losses like a default on euro zone bond holdings, to €14.4 billion, or $18.7 billion, from €7.7 billion... read more

On the heels of gold and silver surging, today King World News wanted to check in with the firm that is calling for $10,000 gold. Paul Brodsky, who co-founded QB Asset Management Company, had this piece regarding the Fed’s so-called exit, destructive hyperinflation and the gold market: “The markets have begun to wonder whether the Fed (and other central banks) will ever be able to exit fr... read more

Today legendary trader Jim Sinclair predicted the paper markets would disappear as the gold war intensifies. Sinclair also spoke with King World News about the “end game,” how various countries are positioning themselves, and how this will impact the gold market. Below is what Sinclair, who has been actively trading the markets for over half a century and whose father was business partner... read more

Today a legend in the business told King World News that a “major catalyst” is about to send gold and silver prices surging. Keith Barron, who consults with major gold companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also spoke about something else investors should keep an eye on, as well as what to expect going forward in b... read more

Gold remains near the highest level in almost two weeks on prospects of further currency debasement from central banks in Europe, Japan, the UK and the U.S. and continuing robust physical demand in Asia. The spectre of stagflation threatens the UK economy due to concerns that sterling weakness will contribute to even higher inflation amid very weak economic growth and the likelihood of a rec... read more

Kyle Bass, addressing Chicago Booth's Initiative on Global Markets [10] last week, clarified his thesis on Japan in great detail [11], but it was the Q&A that has roused great concern. "The AIG of the world is back - I have 27 year old kids selling me one-year jump risk on Japan for less than 1bp - $5bn at a time... and it is happening in size." As he explai... read more

South Korea bought 20 tonnes of gold with foreign reserves in February to increase its holdings, although total reserves fell for the first time in almost 12 months, reports Reuters. The Bank of Korea increased its total holdings to 104.4 tonnes after spending $1.03 billion on its fifth buying spree in less than two years. Total foreign reserves for the bank are now 1.5%, up from 1.1% in... read more

When central bankers dedicate their existence to re-inflating asset bubbles, it shouldn't at all be a surprise to investors that they eventually achieve success. Ben Bernanke has aggressively attempted to prop up the real estate and equity markets since 2008. His efforts to increase the broader money supply and create inflation have finally supported home prices, sent the Dow Jones Industrial a... read more

With gold and silver rebounding today, acclaimed money manager Stephen Leeb told King World News that silver is now setting up to eclipse $100. “Silver under $30 is a joke,” Leeb said. Leeb believes that China, which has been the primary driver in the gold market, is now going to push silver over $100 as their consumption of silver is poised to skyrocket. Here is what Leeb had to say in... read more