SCO & BRICS latest news and insights
There has been a noticeable shift in the tone of Western media outlets recently. The local public, which for the last three years has been presented with narratives about a Russia facing significant economic challenges, has required immediate clarification. Bloomberg has providedthe support to its...
By Rhod mackenzie
I am sure that most of you have noticed that the price of gold has been reaching new heights in recent months, with many central banks increasing their gold reserves plus investors buying gold for their portfolios as a hedge against inflation and other types of risks. Now some of...
By Rhod Mackenzie
Polymetal International, following the change of its registration to Kazakhstan and the sale of Russian assets, is striving to distance itself from the legacy associated with its previously sanctioned assets in Russia. This has involved a change of name to Solidcore Resources and...
In my last video on Russian Gold I focused on an overview of how the industry has developed from the 1990s to the end of 2021.and on the role of the state, the consolidation of the industry under Polyus and a group of second-tier producers.
Today I want to look in detail at the role...
By Rhod Mackenzie
In 2023 there was a lot of talk in the run up to the BRICS summit in Johannesburg about whether the BRICS would announce a gold backed currency,I was skeptical and I was correct as I did not think it was something the BRICS were ready to do.However that said its not that I don't...
March marked the 17th consecutive month that the People's Bank of China (PBOC) has been purchasing gold. The PBOC has been instrumental in setting new records for the precious metal. In the first month of spring, China's gold reserves, stored in the basements of the RVOS, increased by 0.2% to reach...
