Central banks and governments around the world have been implementing expansionary monetary policies, including quantitative easing and low-interest rate policies, to stimulate economic growth. These measures have led to concerns about potential inflationary pressures in the future, which could erode the purchasing power of fiat currencies. As a tangible asset with intrinsic value, gold has been considered a potential safeguard against inflation, as its price has historically tended to rise during times of inflationary pressures.

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  • FBI Alerts Public to 'Courier Scam' Targeting Seniors' Life Savings July 26, 2024
    The FBI is warning about a widespread scam targeting seniors and others, where fraudsters convince victims that their bank accounts are compromised. The scammers then persuade victims to withdraw large sums of cash or purchase gold bars, which are collected by fake couriers posing as officials. This scheme has resulted in significant financial losses for […]
  • Fed Hints at Possible September Rate Cut July 26, 2024
    According to a Bloomberg survey of economists, the Federal Reserve is expected to signal its intention to cut interest rates in September at its upcoming July 30-31 meeting. While keeping rates unchanged at this meeting, the Fed is likely to use either its policy statement, Chair Powell's press conference, or both to indicate the upcoming […]
  • Canada's MSB Registry Under Scrutiny: A Loophole for Financial Crime? July 26, 2024
    An investigation by IJF and CTV National News has uncovered a concerning trend in Canada where multiple money services businesses (MSBs) are registered at the same address, often without the knowledge or consent of the actual occupants. This practice, which includes foreign currency dealers, money transfer businesses, and cryptocurrency exchanges, raises red flags for potential […]
  • China's Commodity Hoarding: Implications for Global Markets and Security July 26, 2024
    China's extensive stockpiling of commodities, driven by geopolitical concerns and supply chain disruptions, has reached unprecedented levels. Despite economic challenges, China's imports of essential resources like bauxite, cobalt, natural gas, crude oil, and soybeans have surged. This strategy includes expanding storage capacities and building substantial reserves, raising concerns about potential inflationary impacts on global commodity […]
  • Gold at Two-Week Low, Copper Below $9,000/t July 26, 2024
    Gold and silver prices have experienced significant declines, with gold reaching a two-week low, due to stronger U.S. economic data reducing expectations for interest rate cuts. This has led to a decrease in the probability of a September rate cut. Copper prices have also fallen below $9,000/t, driven by weakening demand outlook in China, particularly […]