Monthly Archives: September 2014

30
Sep
2014

Singapore Becoming Global Gold Hub – Launches Kilo Bar Contract And Gold ATMs

Singapore continues its push to be a global gold hub. The new exchange traded Singapore kilobar gold contract will launch in less than two weeks – on October 13. The new contract is a 1 kilogramme physically deliverable gold contract for the Asian and global wholesale gold market. 

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29
Sep
2014

Russia’s Gokhran Buying Gold Bullion In 2014 and Will Buy Palladium In 2015

Gokhran, the Russian precious metals and gems repository, said it has been buying gold bullion in 2014 and will likely to start buying palladium bullion in 2015, Interfax news agency reported this morning, citing the head of Gokhran, Andrey Yurin. 


GOKHRAN, Russian State Precious Metals and Gems Repository

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26
Sep
2014

Death Of ‘Safe Haven’ Gold Greatly Exaggerated

With escalating conflict in the Middle East, an unresolved conflict in the Ukraine, and various other geo-political risks on the horizon such as the contagion risk of Ebola, it would be expected that the longstanding 'safe haven' qualities of gold would come into play as they have done in the past. 

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25
Sep
2014

Currency Wars Deepen – Russia, Kazakhstan Buy Very Large 30 Tons Of Gold In August

Russia and ex Soviet States Kazakhstan, Kyrgyz Republic and Azerbaijan continued to accumulate significant gold reserves in August in a trend that we highlighted last month.

See 'How to Buy Gold and When to Sell' Webinar Here

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24
Sep
2014

Venezuela’s Gold Appears To Be Still In Venezuela But For How Long?

▶ Where is Venezuela's 366 tonnes of gold?
▶ Does Venezuela still control and own unencumbered it’s own gold reserves?


Former President Hugo Chavez and a London Good Delivery Gold Bar (400 oz)

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23
Sep
2014

Gold, Silver Bullion Coin Sales Robust Despite Sell Off

Despite the recent bout of price weakness, gold American eagle coin sales from the U.S. Mint have picked up significantly from last month.

The latest bullion coin sales figures from the U.S. Mint show a tentative pickup and robust retail bullion demand, with September sales stronger for both the  American Eagle and American Buffalo gold coins as well as for the American Eagle silver 1oz coins.

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22
Sep
2014

China Moves To Dominate Gold Market With Physical Exchange

Shanghai Gold Exchange International Board
China is slowly moving to dominate the global gold market and it is important to join the dots regarding a few key recent developments in China relating to gold.

When the International Board of the Shanghai Gold Exchange (SGE) was launched last Thursday September 18 during an evening trading session, it was notable that the first transactions were put through by a diverse group comprising HSBC, MKS (Switzerland), and the Chinese banks,  ICBC, Bank of China and Bank of Communications.

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19
Sep
2014

Scotland Says “No” – Fallout May Impact Pound

The result of the Scottish independence referendum was announced early this morning, with 55.3% of voters wanting to stay in the United Kingdom (UK) and 44.7% wanting Scotland to become an independent nation. 


Voter turnout was exceptionally high at nearly 85% (about 3.6 million people), which was not surprising given the importance of the referendum.

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18
Sep
2014

Silver Buyers Keep Stacking And Demand Higher Despite Falling Prices

The silver price has remained subdued this year, falling just less than 5% year-to-date, and is now near a 14 month low. Naturally, investor psychology has been affected by the price weakness.

Quoted today in Bloomberg News, Mark O’Byrne, director of GoldCore said that “sentiment remains quite bad in the silver market.”

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17
Sep
2014

U.S. National Debt Surges $1 Trillion In Just 12 Months … Meanwhile FOMC “Tweaks” Wording

The U.S. financial position continues to deteriorate badly and in the last 12 months has increased by over $1 trillion dollars.

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