289 Tonnes. Q2 Record. Korea Buys Gold for the First Time Since 2013.
Central banks set a Q2 record with 289 tonnes of gold purchases. Korea ended a 13-year absence. Warsh held with three dissenters. Here's the full read.
8 min readRead full story →
Newsroom
SoundMoney News
Product updates, education, and practical guidance for physical precious metals ownership.
More stories
•8 min read
Close Your Position or Take the Metal: What China Just Did to Its Paper Gold Market
On July 24, ICBC — the world's largest bank — shut down retail paper gold trading in China. Millions of customers were told to close their positions or take physical delivery. Simultaneously, Hong Kong's vault capacity expanded from 6 to 64 million ounces. China isn't walking away from gold. It's replacing paper with physical.
•7 min read
The Oil Shock That Was Bad for Gold — and the CPI Print That Changed Everything
An Iran/Hormuz oil shock knocked gold below $4,000 on July 13 — not because of fear, but because oil spikes inflation expectations, which lifts rate-hike odds, which strengthens the dollar. Then June CPI came in at 3.5% and flipped the script. Gold is at $4,011 today, and the 70.8:1 gold-silver ratio is sending its own signal.
•7 min read
Paper Gold Broke $4,000. Physical Buyers Didn't Blink.
Spot gold broke below $4,000 for the first time since November 2025 before recovering to $4,072. COMEX booked 127 tonnes of physical gold for June delivery — its highest monthly figure of 2026. Paper and physical are sending different signals, and one of them is historically the better leading indicator.
•7 min read
Record 45% of Central Banks Plan to Buy Gold. Warsh Just Made It $183 Cheaper.
A record 45% of central banks plan to increase gold holdings in the next 12 months — the most bullish reading in the WGC survey's eight-year history. The same week, Warsh's hawkish FOMC debut pushed gold down to $4,161. For DCA investors, both developments are saying the same thing.