Articles related to Hong Kong
Koos Jansen - Bullion Star
China Gold Import Jan-Sep 777t. Who’s Supplying
While the gold price is slowly crawling upward in the shadow of the current cryptocurrency boom, China continues to import huge tonnages of the yellow metal. As usual, Chinese investors bought on the price dips in the past quarters, steadfastly accumulating for a rainy day. The Chinese appear to be price sensitive regarding gold, as was mentioned in the most recent World Gold Council Demand Trends report, and can also be observed by Shanghai Gold Exchange (SGE) premiums – going up when the gold
Thursday, November 16, 2017
Perth Mint Blog - Perth Mint Blog.
Hot bullion coin offers new opportunity to enjoy Dragon and Phoenix design
Admirers of The Perth Mint’s China-inspired Dragon and Phoenix design have a limited opportunity to acquire a new gold bullion coin featuring both auspicious mythical creatures. Their intricate depictions surrounding the representation of a flaming pearl appeared in 2017 on a highly sought-after 1oz silver bullion coin, and two outstanding high reliefs for collectors.   Bearing a 2018 year-date, the new coin is struck from 1oz of 99.99% pure gold and features The Perth Mint’s trademark bullion f
Tuesday, November 14, 2017
Perth Mint Blog - Perth Mint Blog.
Perth Mint issues panda privy mark coin in Beijing
The Perth Mint has symbolised China’s iconic giant panda in a special privy mark version of the 2017 Australian Kookaburra 1oz Silver Bullion Coin. The release marks our participation in this year’s Beijing International Coin Exposition (BICE), which takes place at the China National Convention Centre between 10 and 12 November.   China is a key destination for Australian bullion, with coins and bars valued at billions of dollars heading to the world’s largest consumer of gold annually. Accordin
Sunday, November 12, 2017
Bullion Vault
12-Month Demand to Buy Gold Sub-4,000 Tonnes 1st Time Since 2010, Mine Supply 10 Larger
BUY GOLD prices traded at 3-week highs and more against all major currencies outside the Japanese Yen on Thursday, rising despite new data showing the weakest 12-monthly gold demand since early 2010. Global gold buying demand fell below 4,000 tonnes between October 2016 and September this year, with global gold mining output larger by almost one-tenth. Western stock markets fell again, as did We
Thursday, November 9, 2017
Chris Powell - GATA
Hong Kong gold trade linked to Shenzhen; Dubai, Singapore, Myanmar next?
By Enoch Yiu South China Morning Post, Hong Kong Friday, November 3, 2017 Nine hundred kilos of gold, worth 300 billion yuan (US$38.45 billion) swapped hands on Friday evening in the first cross-border trading under the newly launched "Gold Connect," which links the gold markets of Hong Kong and Shenzhen. The first trades were made after a ceremony hosted by Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor and Haywoo
Friday, November 3, 2017
Chris Powell - GATA
Elaborate fake gold bar sparks investigation by RBC and police RBC Royal Bank is working with police to investigate allegations that one of its branches on Bank Street sold a gold bullion 1-ounce bar that turned out to be an elaborate counterfeit. CBC reported today that on Oct. 18 Samuel Tang walked into the bank, located at the corner of Bank Street and First Avenue, to buy a 1-ounce gold bar. Tang is a gemologist and jewelry designer who works across the road at Joy Creations. Th
Tuesday, October 31, 2017
Jesse - Le Cafe Américain
Stocks and Precious Metals Charts -
“Like a snake eating its own tail, the equity market cannot rely on share buybacks indefinitely to nourish the illusion of growth." Chris Cole, Artemis Capital "Of course big bank stocks are 'overvalued' in terms of earnings or revenues, but do such measures really matter in a world without value?   When you have global central banks gunning all asset prices in a desperate effort to avoid a sovereign debt default starting in Japan and then Europe, pedestrian metrics like price/earnings ratios
Monday, October 30, 2017
Bullion Vault
Gold Bullion Sets Lowest Friday Finish Since August as Dollar Gains on US GDP Data
GOLD BULLION headed for its lowest weekly close since the start of August today, losing over 1% against the rising Dollar from last Friday's finish as world stock markets rose yet again. After Thursday's latest data showed the US trade deficit, jobless benefit claims and pending home-sales all worsening, GDP figures for July to September showed economic growth slipping from 3.1% per year to 3.0% annualized, beating analysts' forecasts of 2.5%.
Friday, October 27, 2017
Nathan Lewis - New World Economics
How Much Should Homes Cost?
How much homes cost is the most popular topic at any dinner party. But, people rarely think about how much homes should cost. If this topic is taken up at all, it is typically in the framework of “social justice”; and the solutions are typically some kind of government subsidized housing – what can be bluntly, and accurately, called: communist central planning. So, let’s look at this from a different angle. Construction costs are fairly well known and common throughout the United States. Cheap w
Wednesday, October 25, 2017
Bullion Vault
Gold Price Rallies as China Fears 'Minsky Moment' 30 Years After Black Monday, Spain and India Add to Tensions
GOLD PRICE losses of 2.0% for the week so far were cut to 1.2% lunchtime Thursday in London, as world equities fell from new record highs and government bond yields rose against a backdrop of fresh geopolitical tensions from Spain to India and China. After Wall Street set new all-time highs last night, gold priced against the rising US Dollar touched $1288 per ounce as Western stock markets marked the 30th anniversary of October 1987's Black Mon
Thursday, October 19, 2017
Alasdair Macleod - Finance and Eco.
Oil for gold – the real story
Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it means. The article pointed out that in combination with existing gold futures priced in yuan, an oil exporter to China contracting to accept yuan could use these two futures contracts to take delivery of physical gold in payment for oil.I was quoted in that article as follows:"It is a mechanism which is likely to appeal to
Sunday, October 15, 2017
Chris Powell - GATA
The Economist: The internationalization of China's currency has stalled
On October 18 President Xi Jinping will preside in Beijing over the most important political event in five years. At the Communist Party's 19th congress much will be made of the triumphs achieved in nearly four decades of reform and opening up. So expect a glossing over of one part of that process where progress has largely stalled: the “internationalisation” of China's currency, the yuan. This seems odd. Just a year ago the yuan became the fifth currency in the basket that forms the IMF's Speci
Saturday, October 14, 2017
Chris Powell - GATA
HSBC traders used code word to trigger front-running, prosecutor says
A group of HSBC Holdings currency traders in London and New York feverishly jumped ahead of a $3.5 billion client order after they were tipped off using the code words "my watch is off," a U.S. prosecutor told a federal judge. The buying frenzy was launched after Mark Johnson, HSBC's former global head of foreign exchange whom the bank chose to lead the transaction, alerted the traders via a phone call that was recorded, the prosecutor said Thursday in Brooklyn. Johnson is on trial for fraud. Af
Friday, October 6, 2017
Jan Skoyles - GoldCore
Plan For Run On The Pound
Run On The Pound ? Jeremy Corbyn Says Should Plan For – Right to plan for ‘run on pound’ if Labour wins says Corbyn and Labour party  – British pound already down 20% since Brexit, collapse already in play – Run on the pound likely due to Labour’s ‘command economy’ approach – Collapse in Sterling would undermine UK financial system – Portfolios holding sterling and related assets would be significantly affected – Pension funds and property the most likely to get hit by run on the pound – Gold to
Wednesday, October 4, 2017
Bullion Vault
Gold Price Down Again Amid US Rate-Rise Bets, Strong China Trading, Pall-Plat Parity
GOLD PRICES fell beneath yesterday's 1-month lows in London trade Thursday, dipping to $1278 per ounce as most commodities edged higher with world stock markets. With gold prices now falling almost 6% from early September's 12-month Dollar high, silver today fell to $16.70 per ounce – down more than 8% from 3 weeks ago. Platinum meantime dropped to 9-week lows beneath $920, trading
Thursday, September 28, 2017
Hugo Salinas Price -
  China, oil for gold and the Prospects for Gold 
The Chinese have announced that they have perfected a scheme, to be launched formally in the market by the end of the year, by means of which exporters of oil to China will accept the Chinese currency, the Yuan, in payment for the oil; for this deal, the Chinese have added an incentive: the Yuan received by the oil exporters will be exchangeable for gold. This gold will be "sourced" i.e. "purchased" outside of China, for the oil exporters. Thus, the oil exporters' Yuan wi
Wednesday, September 27, 2017
Bullion Vault
Fed's 'Imprudent, Misguided' Yellen Knocks Gold Bullion to 5-Week Low as Chinese Jewelry Demand Falls
GOLD BULLION prices sank against a surging US Dollar on Wednesday in London, trading down towards 5-week lows beneath $1285 per ounce after Federal Reserve boss Janet Yellen said strong jobs data make raising rates more urgent. The Dollar jumped to its highest level versus the single-currency Euro since mid-August at $1.17, and reached mid-July levels against the Japanese Yen at ¥113. Global sto
Wednesday, September 27, 2017
Nathan Lewis - New World Economics
Britain’s Path To A 19 Corporate Tax Rate
(This item originally appeared at on September 26, 2017.) If the U.S. reduced its Federal corporate tax rate to 15%, it would produce a combined effective corporate tax rate of about 19% — the same as Britain today. There are now 15 governments among the OECD with a corporate tax rate of 22% or less. On average, they get more revenue from this (2.26% of GDP) than the U.S. gets t
Tuesday, September 26, 2017
Chris Powell - GATA
Philippine dictator Marcos' gold bars: Fact or fiction?
* * * By Gerry Lirio ABS-CBN News, Quezon City, Philippines Thursday, September 21, 2017 MANILA -- By the late industrialist Enrique Zobel's recollections, former strongman Ferdinand Marcos left behind his widow, Imelda, and three children with a cache of gold bars that in 1989 was worth at least $35 billion. Zobel disclosed the value of Marcos' gold bars in a 14-page sworn statement issued before the Senate Blue Ribbon Comm
Friday, September 22, 2017
Chris Powell - GATA
Gold researcher Jansen skeptical about supposed China oil contract backed by gold
In comments to The Daily Coin's Rory Hall this week, gold researcher Koos Jansen expresses great skepticism about the recent report by the Nikkei Asian Review -- -- asserting that China is planning to do its oil business in yuan convertible into gold at the Shanghai and Hong Kong exchanges. Jansen doesn't see how oil contacts can be directly related to gold as China's gold market is currently structured, and he notes tha
Friday, September 15, 2017