Gold Education

Guides

Plain explanations of the mechanisms that connect interest rates, the dollar, inflation, and central bank policy to the price of gold — written to stay useful well beyond today’s headlines.

Rows of stacked gold bars in a secure vault
11 min read

"If It Can Be Frozen With a Keystroke, It's Not Really Yours": Why Central Banks Are Buying Gold Again

For most of the 1990s and 2000s, central banks were net sellers of gold. Since 2022 they've bought over 1,000 tonnes a year, some years. The turning point wasn't inflation — it was watching Russia's dollar reserves get frozen overnight.

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Bitcoin vs Gold: digital asset versus physical store of value, split-image comparison
11 min read

Gold vs. Bitcoin: Does "Digital Gold" Actually Behave Like Gold?

Bitcoin has fallen more than 50% at least three times since 2020. Gold hasn't had a comparable crash once. If "digital gold" is supposed to behave like gold, the data across three real stress tests says otherwise.

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A notebook page analyzing the relationship between gold and interest rates, next to gold bars and a magnifying glass
10 min read

Gold and Federal Reserve Policy: How Interest Rates Drive the Price of Gold

Gold pays no yield, so its price is highly sensitive to real interest rates. This guide covers the three channels linking Fed policy to gold, and why the relationship broke down after 2022.

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