GeopoliticsFrom Shanghai Gold Exchange withdrawals to the explosive growth of investment-grade bars, Chinese gold demand is reshaping the global market in real time.
GeopoliticsThe United States still tops the list at 8,133 tonnes, but the gap is closing. A country-by-country breakdown of the world's largest official gold holders.
Gold MarketsWith sovereign bonds offering negative real returns through much of the last decade, allocators are asking whether gold deserves a permanent home in the fixed-income sleeve.
Gold MarketsFrom 15:1 in the bimetallic era to 125:1 during the COVID panic, the gold-silver ratio is the most misunderstood signal in precious metals. Here is how to read it properly.
InvestmentAllocation ranges sound arbitrary until you understand what each level is actually hedging. A practical guide to sizing gold by goal, horizon and risk tolerance.
InvestmentGold is taxed differently almost everywhere — and the differences can wipe out the diversification benefit if ignored. A practical comparison across three regimes.
Gold MarketsRecycled gold supplies roughly a third of total annual demand and reacts to price faster than mining. Understanding the flow changes how you read the market.
Gold MarketsFrom Diwali through to the spring wedding season, Indian households absorb hundreds of tonnes of gold. The seasonality is real and it shapes global price action.
InvestmentGold mining stocks underperform gold itself over most multi-decade windows. Royalty companies do the opposite. Here is the structural reason why.
InvestmentHarry Browne built a portfolio designed to survive any economic regime. Forty years later, the strategy still works, though the implementation has evolved.