Huge GOLD News Coming Out of China! This Will CHANGE EVERYTHING for Gold & Silver - Jim Rickards
Huge GOLD News Coming Out of China! This Will CHANGE EVERYTHING for Gold & Silver - Jim Rickards According to the Central Bank of Russia, Russia's gold reserves reached an all-time high of $217.4 billion in February. This marks a significant milestone, with gold now accounting for more than one-third of the country's total reserves for the first time since the 20th century. Despite facing Western financial sanctions and freezing $300 billion in assets, Russia's strategic accumulation of gold has helped mitigate economic pressures. Rising gold prices—partly fueled by these sanctions—have increased the value of the country's holdings, reinforcing gold's role as a hedge against financial instability. In January, the Bank of Russia and the Central Bank of Jordan were the leading sellers of gold among central banks, each offloading three tons, while the National Bank of Kyrgyzstan also ranked among the top sellers, according to the World Gold Council. China, meanwhile, continues to expand its gold reserves, increasing its holdings to 73.61 million fine troy ounces at the end of February, up from 73.45 million in January. The total value of China's gold reserves rose to $208.64 billion, reflecting ongoing accumulation by the People’s Bank of China for a fourth consecutive month. Rickards highlights that China has strategically bolstered its gold stockpile, often acquiring the metal through sovereign wealth funds rather than direct central bank purchases. This discreet approach helps maintain demand without signaling its entire strategy to the market, allowing for continued accumulation at favorable prices before any significant price revaluation occurs. Gold prices remained firm as the U.S. dollar hovered near a four-month low, following a sharp decline in the previous session. The weakening dollar, which makes gold more attractive to investors by lowering its relative cost, helped push the metal toward a nearly 2% gain for the week. Recent shifts in U.S. trade policy have further fueled market uncertainty. Earlier this week, President Trump escalated trade tensions by imposing 25% tariffs on Canadian and Mexican goods while raising Chinese tariffs to 20%. However, two days later, he softened his stance, delaying the 25% tariffs on Mexican and Canadian goods under the United States-Mexico-Canada Agreement until April 2. While this move offers temporary relief, it has added to overall market volatility and left investors uncertain about the future direction of U.S. trade policy. Gold, often viewed as a safe-haven asset during economic and geopolitical instability, has remained well-supported amid these developments. According to financial expert Jim Rickards, tariffs on gold—such as those introduced by the U.S.—are unlikely to significantly impact global gold prices. Since gold, like oil, is a widely traded commodity with established markets in multiple regions, investors can easily shift their sourcing to avoid tariffs, ensuring that broader price trends remain unaffected. Follow on X: / moneysense_off "Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you're a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals. Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips" We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news. We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video! #gold #goldpriceprediction #jimrickards
