Monthly Archives: September 2015

30
Sep
2015

China Boosts Gold Reserves 1% in August, Diversifying Assets

In his article for Bloomberg Business Ranjeetha Pakiam takes a look at China’s recent accumulations in gold and how the country now compares in the world league table on gold holdings. He observes that there is a deliberate policy of increased transparency in China “as the country improves data quality, increases its presence in commodities trading […]

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29
Sep
2015

Xi, Putin Stay at Chinese Owned Waldorf – Obama Snubbed

This is a very important story that shows how China and Russia are becoming increasingly close and strong allies who are flexing their muscles and asserting themselves as rival superpowers to the U.S. The Chinese are very aware of the importance of symbolism and this appears to be a subtle show of allied force and […]

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28
Sep
2015

Buy Gold While You Still Can!

In part 1 of his 2 part report on the ever-tightening supply of physical gold, Chris Martenson describes the fascinating data that “reveals the extent of the West’s massive dis-hoarding of physical gold”. He points out the enormous and growing disconnect between the cash and physical markets for gold which, as he explains, has major […]

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25
Sep
2015

Premiums Rise and Delivery Delays Increase on Silver Coins and Bars

Silver bullion coins are continuing to see rising premiums and delivery delays due to continuing very robust demand and a lack of supply of all silver bullion coins. Premiums on silver eagles have been creeping up since mid-May (see chart below) and wholesale premiums have risen from 14% in May to over 25% this week. […]

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24
Sep
2015

Bank of England and LBMA Gold Vaults – The “London Float”

A case study of physical gold stored in London Vaults in LBMA 400 troy ounce gold bars has been undertaken by Ronan Manly, Koos Jansen, Bron Suchecki and Nick Laird. Nick Laird has just completed a great article replete with many interesting and important charts which further illuminate the size of the “London Float” which […]

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23
Sep
2015

Fed, Central Banks Trapped – Gold Bullion Will Protect

By David Bryan The future direction of the planet is between the central bank’s counter-party paper Ponzi currency or the independence of real money. Foresighted central banker John Exter is famous for his classification of risk assets. Using Exter’s Golden Pyramid the riskiest assets are those at the bottom of the pyramid and situated at the […]

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22
Sep
2015

Keynes Would Be “Buying Gold Hand Over Fist” Today

– What Keynes would think of today’s “Neo-Keynesians” – Unlike his acolytes, he understood the value of gold and the dangers of currency debasement – Keynes did not desire “a world where currencies are backed by nothing more than a governmental promise to pay while the printing presses whirled unchecked” – Keynes would have been […]

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21
Sep
2015

Russians Buy 1 Million Ounces of Gold Bars In August

Russia’s gold reserves rose to 42.4 million troy ounces as of September 1 compared with 41.4 million troy ounces a month earlier, the Russian central bank announced on Friday. The monthly accumulation of 1 million ounces in just one month was one of the more sizeable monthly purchases by Russia and equates to 31.1 metric tonnes […]

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18
Sep
2015

Bullion Bars and Coins See Very Robust Demand – Delays and Premiums Rising

Demand for physical gold this month at “a historically high level” – HSBC Q3 U.S. Mint gold sales set to dwarf those of previous two quarters Supply of physical silver “continues to be tight” and premiums rising China and India demand remains very strong Seasonal Asian buyers to add to demand in coming weeks Dovish […]

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17
Sep
2015

Gold Gains Before Federal Reserve – Myth Of All Powerful Central Bank Continues

Gold rose 1.3% yesterday ahead of the Federal Reserve interest rate announcement today. Markets remain divided and uncertain whether the Fed will increase rates by 25 basis points today (1900 GMT). The Fed last raised interest rates in June 2006, by 25 basis points to 5.25%, shortly after that America’s central bank found itself reducing […]

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