Silver Rises Over 120% YTD 
China Has Been Buying Gold for 20 Straight Months. Now It’s Moving It.
China’s central bank is quietly moving gold from London to Hong Kong, backing a new clearing system designed to price gold in Asia on different terms.
Hong Kong Just Ran Its First Gold Settlement. The Banks Who Did It Also Run London’s.
Hong Kong’s Precious Metals Central Clearing Company ran its first institutional gold settlements on July 7, 2026. Four of the banks behind it — HSBC, JPMorgan, UBS, and Citi — also run London’s gold clearing system. Here is what that tells you about where gold pricing power is heading.
Who Controls the Gold Market? Meet the Five Banks That Settle Every Ounce
Citi just became the first bank to join London’s bullion clearing network in a decade. Here’s who controls gold settlement — and what physical owners need to know about unallocated risk.
How Gold Price Is Set: The East-West Tide Explained
For 90 years, gold has moved in a recurring tide between Western financial markets and Eastern physical holders. Understanding who sets the price — and why that mechanism is shifting — is the most useful mental model a gold investor can carry.
The Gold Market Is Mostly Paper. Dubai Disagrees.
Most gold doesn’t move when it’s “traded” — it changes hands as a ledger entry in an unallocated account. A new report shows Dubai is building a different system entirely, where ownership means a specific bar, not a claim on a pool. Here’s what the difference means for your portfolio.
U.S. Tariffs on Swiss Gold Bars Spark Bullion Market Chaos
A shockwave just tore through the gold market. The United States has imposed a 39% import tariff on Swiss-refined 1 kg and 100-ounce gold bars — a move that blindsided traders, rattled refineries, and sent COMEX gold futures surging to record highs above $3,500/oz. On the latest episode of The Gold Silver Show, Mike Maloney and Alan Hibbard break down why this unprecedented policy decision could disrupt not just bullion flows, but the entire global financial system. “This is the type of stuff that can cause another global financial crisis,” warns Maloney. “Those without gold or silver could get hurt […]
