In short, the fundamentals of history, economics and hence currency debasement confirm a clear pattern by desperately broke(n) nations to inflate their way out of debt at the expense of their currencies...

Since 2022, a slightly different group - China, Poland, India, Iraq, Czechia, and Qatar - has driven essentially all net purchases...

Central banks, a key pillar of the bullish case for gold, have returned to adding holdings in April after notable selling in March sent the price of the precious metal tumbling

...the writing is on the wall for the dollar's exorbitant privilege.

2026 is screaming “Uh-Oh” signals from nearly every sector and asset class with alarming yet eerily ignored clarity...

Looking at the world around us, from foggy geopolitics to gyrating financial headlines, one can’t help but think, as the Jedi knights would say, that there seems to be “a disturbance in the force.”

Turkey's official reserves cratered by $43.4 billion in March. Part of the decline reflected state intervention to offset portfolio outflows. The current-account deficit, meanwhile, widened to $9.7 billion in March from $7.3 billion in February as a result of soaring commodity prices.

"All sorts of rumors are going around,"

New Delhi is weighing several further emergency steps to shore up foreign-exchange reserves and limit the damage from the war in the Middle East...

India raised import tariffs on gold and silver in an attempt to defend its currency, a surprise move as the country races to limit the damage from the Middle East war and to shore up foreign-exchange reserves.

The market impact is being driven by misinterpretation rather than policy action...

The push to diversify reserves and reduce exposure to US bonds “won’t change in the coming years"...

"...Should you store food? The answer is yes because something really bad is right in front of us.  It’s a credit collapse...”

What looks like a bull market is the early indication of a pricing system failure...

... the critical USD-Petrodollar-Gold triangle just sent us one of the most important gold signals in over 50 years...

“...a legacy of theft and lies..."

"The sharp rally in prices curbed jewellery demand. In volume terms, buying was lower as consumers ​held back, though in value terms spending was higher due to ​elevated prices."

Although the catalysts of oil, war, bond dysfunction, and bloated stocks may seem modern and unique, the current case for gold is as timeless and constant as nature itself...

Concerns about the outlook on global growth, inflation discussed, and geopolitical risks likely plays into the continued positive sentiment towards gold.

...continue to forecast gold prices reaching $5,400/toz by end‑2026, as central bank diversification continues, currently low speculative positioning normalizes, and the Fed delivers the 50bp of cuts our economists expect.