InvestmentGold is taxed differently almost everywhere — and the differences can wipe out the diversification benefit if ignored. A practical comparison across three regimes.
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.
Gold MarketsMajor banks publish targets across a wide range. Here is the actual reasoning behind each, the assumptions required, and the probability the market is currently pricing.
HistoryNixon's televised announcement closed the gold window and ended Bretton Woods. The repricing that followed reshaped global finance for the next half-century.
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 MarketsThe single most reliable headwind for gold is rising real yields. The mechanism is simple, the historical record is clear, and the recent exceptions are instructive.
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.
HistoryWhere does the world's gold actually sit, and who guards it? A tour through London, New York, Switzerland and Kentucky reveals an industry few investors fully understand.
Gold MarketsEvery day at 3pm London time, a small group of banks settle a benchmark that prices billions in gold contracts. Here is how the LBMA Gold Price really works.
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.