Articles related to bars
Ronan Manly - Bullion Star
  Neck and Neck: Russian and Chinese Official Gold Reserves 
Official gold reserve updates from the Russian and Chinese central banks are probably one of the more closely watched metrics in the gold world. After the US, Germany, Italy and France, the sovereign gold holdings of China and Russia are the world’s 5th and 6th largest. And with the gold reserves ‘official figures’ of the US, Germany, Italy and France being essentially static, the only numbers worth watching are those of China and Russia. The Russian Federation’s central bank, the Bank of Russia
Tuesday, October 17, 2017
Mark O'Byrne -
Puerto Rico Without Electricity, Wifi, ATMs Shows Importance of Cash, Gold and Silver
– Puerto Rico without electricity, wifi, ATMs shows importance of cash, gold and silver – Most of Puerto Rico remains in the dark and without power three weeks after storm – With widespread power failures, Puerto Rico remains cash only with retailers only accepting cash and few consumer having cash – Shortages of food, fuel and medicine with infrastructure repairs delayed – Power could be ‘out for months’ as 85% of people remain off the grid – Around 75% of ATMs disconnected – Electronic forms o
Monday, October 16, 2017
Nathan Lewis - New World Economics
  The Silliness of the Bretton Woods Years
We’re continuing our look into One Nation Under Gold (2017), by James Ledbetter. October 2, 2017: One Nation Under Gold (2017), by James Ledbetter Ledbetter glided quickly over the period from 1914 to 1931, taking up the story again in earnest with the British devaluation of 1931 and, especially, the U.S. devaluation of 1933. This was treated with some interesting detail. However, Ledbetter made almost no mention of the fact that the U.S. returned to gold at the beginning of 1934 at $35/oz., and
Monday, October 16, 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
Jan Skoyles - GoldCore
U.S. Mint Gold Coin Sales and VIX Point To Increased Market Volatility and Higher Gold
– US Mint gold coin sales and VIX at weakest in a decade – Very low gold coin sales and VIX signal volatility coming – Gold rises 1.7% this week after China’s Golden Week; pattern of higher prices after Golden Week – U.S. Mint sales do not provide the full picture of robust global gold demand – Perth Mint gold sales double in September reflecting increased gold demand in both Asia and Europe – Middle East demand likely high given geopolitical risks – Iran seeing increased gold demand and Iran’s
Friday, October 13, 2017
Chris Powell - GATA
Another Swiss bank won't let customer see his gold, von Greyerz tells KWN
Swiss gold fund manager Egon von Greyerz today tells King World News that another Swiss bank has refused to let a substantial customer inspect the gold bars the bank claims to be vaulting for him. Von Greyerz reminds investors that they should not trust the banking system with their metal. His comments to KWN are posted here:
Friday, October 13, 2017
Adrian Ash - Bullion Vault
¡Viva Gold! LBMA 2017 Goes to Barcelona
Independence a big issue as LBMA conference hits the Catalan capital... THIS WEEKEND kicks off the precious metals chit-chat and all-round fun-fest of the bullion market's key industry event, writes Adrian Ash at BullionVault – the annual LBMA conference... ...cleverly timed this year to take place in Barcelona. You'll f
Tuesday, October 10, 2017
Mark O'Byrne -
Perth Mint Gold Coins Sales Double In September
– Perth Mint gold coins see sales double on month in September – Perth Mint silver bullion coin sales surge 78% in September – Perth Mint sold 46,415 ounces of gold in September – Nearly six times more gold coins sold at Perth Mint than U.S. Mint in September – Sales surge at Perth Mint from low base; could indicate trend change and higher demand in coming months Click image to enlarge From Reuters: The Perth Mint’s sales of gold products doubled in September from a month earlier, while silver
Monday, October 9, 2017
Bullion Vault
Gold Bars +2.6 for Week So Far as US Fed Dents Dollar, T-Bond Correlation Grows Ever-Stronger
GOLD BARS traded in London's wholesale market rose sharply early Thursday as the Dollar fell on the currency market following 'dovish' comments in the US Federal Reserve's latest policy-meeting notes. The greenback then rallied and gold slipped to $1292 per ounce after new data showed US producer price inflation beating analyst forecasts for September with a 2.6% annual rate. Minutes from the Fe
Monday, October 9, 2017
Jan Skoyles - GoldCore
Yahoo Hacking Highlights Cyber Risk and Increasing Importance of Physical Gold
– Yahoo admits every single one of 3 billion accounts hacked in 2013 data theft – Equifax hacking and security breach exposes half of the U.S. population – Some 143 million people vulnerable to identity theft – Deloitte hack compromised sensitive emails and client data – JP Morgan hacked and New York Fed hacked and robbed – International hacking group steals $300 million – Global digital banking  and financial system not secure Editor Mark O’Byrne Imagine there was a chemical disaster at a fact
Thursday, October 5, 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
Perth Mint Blog - Perth Mint Blog.
Monthly Sales - September 2017
Total ounces of gold and silver sold by The Perth Mint in September 2017 as coins and minted bars:   - Gold (Au): 46,415 oz   - Silver (Ag): 697,849 oz This chart shows total monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.
Tuesday, October 3, 2017
Bullion Vault
Wholesale Gold Bars Recover Half Week's Drop as China's Bank Funding Queried, UK Deficit Widens
GOLD BARS traded in London's wholesale market rose back to $1287 per ounce on Friday, halving the week's previous $20 loss as global stock markets rose within 0.5% of last week's new all-time high on the MSCI World Index. Major government bond prices rallied, easing longer-term interest rates lower from this week's jump, as commodities held flat overall. Silver traded 10 cents above its 6-week l
Friday, September 29, 2017
Andy Hoffman - Miles Franklin
Fort Knox: “Glad Gold Is Safe!”
Posted on September 28, 2017 by Gary Christenson Secretary of the Treasury Steven Mnuchin visited Fort Knox on August 21. He tweeted “Glad gold is safe!” He told an audience in Louisville, “I assume the gold is still there.” The Fort Knox Gold was last audited in the 1950s. Secretary Mnuchin’s statements were not helpful. Questions: The gold is safe, but where is it? Has most or all Fort Knox gold been shipped to Asia? How much gold is safe? A few bars? Hundreds of bars in a locked and dimly
Thursday, September 28, 2017
Chris Powell - GATA
Bullion dealer Sharps Pixley to accept payment in bitcoin
LONDON -- London bullion dealer Sharps Pixley will allow customers to pay for gold and other precious metals using digital currency bitcoin, the company said Tuesday. Sharps Pixley, which last year opened Britain's first showroom making gold coins and bars available to private investors in London's elite district of Mayfair, said it would offer the service though payment processor BitPay. ... ... For the remainder of the report:
Wednesday, September 27, 2017
Perth Mint Blog - Perth Mint Blog.
Small bars big news for those seeking affordable gold
We are pleased to announce 1/2oz cast bars made from 99.99% pure gold have been reintroduced for sale by The Perth Mint. The choice of many investors as a result of their low sales premium, cast bars currently come in eight sizes ranging from 1/2oz to 50oz.   Offering a particularly attractive price point for many buyers, the button sized 1/2oz bullion bar features the Mint’s swan logo – our London Bullion Market Association accredited stamp. The back of the bar is engraved with its purity and
Tuesday, September 26, 2017
Jan Skoyles - GoldCore
Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder
– ‘Commodities King’ Gartman sees $1,400 gold surge in months – “Gold is the one currency that will do the best of all…” – Pullback below $1300 “is relatively inconsequential” – Use gold price weakness to be a buyer “no question” – Bullish on gold due to central banks and easy monetary policy and gold will be even higher in euro terms – Gold will be the best of all, as a result of QE and expansionary policies – Dalio reconfirms belief that ‘gold serves a purpose’ and portfolios should have expos
Tuesday, September 26, 2017
Keith Weiner - Monetary Metals
Is Bitcoin a Commodity, Gold Silver Report 24 Sep 2017
Carl Menger, father of the Austrian School of Economics, showed the world that money is not the product of the state. He did not mean that government is intrinsically incapable of decreeing something to be money while other groups, organized for different purposes, could do it. He described how money emerges as the commodity which is most marketable (“absatzfähigkeit” in German). He discusses factors that limit marketability including to whom you can sell a particular good, where you can sell it
Monday, September 25, 2017
Jeff Clark - Goldsilver
Top Ten Reasons I Buy Gold Silver [#3] - Your Purchasing Power With Gold Is About to Jump
One of the great myths with gold is that one ounce has always bought the equivalent of a man’s suit.While there have certainly been times where this is true, it hasn’t always been the case. That’s because sometimes the gold price is low relative to what a suit costs, and other times the price is much higher than what an average suit costs.And we’re about to head into a period where, as Mike Maloney says in Reason #3 he buys precious metals, gold will soon buy a whole lot more:When the next set o
Monday, September 25, 2017
Chris Powell - GATA
Marcos son denies offer of gold to Filipinos
By Bernadette E. Tamayo The Manila Times Sunday, September 24, 2017 Former Philippine Sen. Ferdinand Marcos Jr. on Saturday denied reports that his family was offering cash and "gold" to the public. He made the clarification after his family received reports of thousands of people gathering at the campus of the University of the Philippines at Los Banos in Laguna "because of promises of gold from the Marcoses." "We do not know of nor have any involvement of any of these gatherings," Marcos said.
Monday, September 25, 2017