The price of gold reached $3,000 USD per ounce for the first time in history on 14 March 2025. The gold price was pegged to the USD at $35 USD oz up until 1971. This timeline shows significant milestones along the way of the rising price of gold from $35 to $3,000 USD per ounce. […]
China Gold Reserves: How much gold does China have?
Gold reserves held by China’s central bank – the People’s Bank of China (PBoC) – are officially listed at 2,262.45 tonnes (as of Q1 2024). The People’s Republic of China (PRC) is sixth on the list of the world’s largest gold reserves, according to the World Gold Council’s rankings. There is speculation though that the […]
UK Government Vetoes Gold-Backed Cryptocurrency Project
The organisation responsible for supplying the coinage of the United Kingdom, Royal Mint Limited, has shelved proposals to unveil its own gold-backed cryptocurrency due to the UK government’s dissatisfaction with the project. According to a late October news story by Reuters, the Royal Mint was weighing up issuing “Royal Mint Gold” (RMG) crypto tokens which would […]
SWP Cayman Islands – Buy Precious Metals with Bitcoin and Store Offshore, With Complete Privacy
Since 2014, Strategic Wealth Preservation (SWP) has been offering investors the ability to buy physical gold, silver, platinum and palladium offshore with complete privacy and confidentiality. In 2017, we introduced the ability for our clients to settle their transactions using Bitcoin. SWP is an international precious metals dealer and vault operator located in the Cayman […]
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