Bitcoin Over Gold: What Does It Mean?

Cast your mind back to February 2013. It was a chaotic month for metals traders. The Bundesbank had just roiled world markets by demanding the repatriation of 50% of its gold holdings from overseas. Central bank gold buying had just hit 49-year highs. The Shanghai...

China Still Fudging Gold Numbers (And Everything Else)

With the release of China’s latest phony-baloney gold reserve numbers, we are still nowhere near answering the question of how much gold China really is hoarding. With fake GDP numbers and opaque treasury holding numbers, is there anything at all we can believe...