Articles related to gold reserves
 
Andy Hoffman - Miles Franklin
The Right Question…
Last week I mentioned that my grandson Josh (Andy’s boy) was accepted at McGill University in Montreal, the University of Indiana’s business school and the University of Michigan.  He is interested in pursuing a degree in business and is taking all the requisite (advanced) classes in economics. He called me yesterday and asked me, “Which Fed Policy would be better, Quantitative Easing or Tapering and what can be done to make things better?”  Geese Louise!  When I was his age the only question I
Wednesday, February 14, 2018
Mark O'Byrne - gold.ie
Peak Gold: Global Gold Supply Flat In 2017 As China Output Falls By 9
Peak Gold: 2017 Supply Flat As China Output Falls By 9% – China gold production falls by 9% to 420.5t in 2017– Chinese gold demand rose 4% to 953.3t in same period– China is largest producer and accounts for 15% of global gold production– China does not export gold. Increasing foreign gold acquisitions to meet demand– Global gold production flat – 3,269t in ’17 from 3,263t in ’16, smallest increase since ’08–  is here: supply set to fall gradually while global demand remains robust Editor: Mark
Thursday, February 8, 2018
Rory Hall - The Daily coin
Gold and Silver Remain the Best Store of Wealth
Some of what Petr Dvoryankin says is simply incorrect. I wanted to present, what appears to be, a desperate attempt to lure more people into cryptos. You do what you want with your funds it is no business of mine, but gold, real physical gold, is not an illusion. What actual value does this – 239357u#@$!#@eiodc – hold? Isn’t that what cryptocurrency is – a string of alphanumeric characters held in a so-called wallet on the internet? Now, if you hold any, pick up a piece of gold or silver – of th
Thursday, February 8, 2018
Nathan Lewis - New World Economics
The “Money Supply” with a Gold Standard 2 : 1880 - 1970 
The United States, from 1789 to 1860, had a libertarian "free banking" system. Anyone could issue currency, but it had to be pegged to gold. This "gold peg" was a value peg
Friday, February 2, 2018
Ronan Manly - Bullion Star
What’s Happening (or Not) at the LBMA: Some Updates
This article is in 3 parts and covers a) upcoming trade reporting in the London gold market which is being led by the London Bullion Market Association (LBMA), b) the recent publication by the LBMA of a Guide to the London OTC precious metals markets, and c) an update on monthly vault reporting which the LBMA and the Bank of England launched in 2017. LBMA Trade Reporting The lack of trade reporting in the London gold market is possibly one of the biggest ommissions in global financial markets, s
Thursday, February 1, 2018
Andy Hoffman - Miles Franklin
Dollar Destruction and Inexpensive Commodities
Americans buy groceries with dollars. Most of the world buys crude oil with dollars.  World trade depends upon dollars. That is changing but for now, it’s a fact. SO WHAT? If dollars weaken against other fiat currencies and against commodities, it takes more dollars to buy the same stuff. That extra-hot, sugar free, half-caf, soy latte for five bucks could be priced at seven bucks next year.  Gasoline in the U.S. was $0.25 fifty years ago and now it’s ten times more expensive. Slow or fast, doll
Tuesday, January 30, 2018
Ronan Manly - Bullion Star
US Gold Reserves, Of Immense Interest to Russia and China
Recently, Russian television network RT extensively quoted me in a series of articles about the US Government’s gold reserves. The RT articles, published on the RT.com website, were based on a series of questions RT put to me about various aspects of the official US gold reserves. These gold reserves are held by the US Treasury, mostly in the custody of the US Mint. The US Mint is a branch of the US Treasury. The first of these articles, published by RT on 30 December 2017, is titled “US gold of
Thursday, January 25, 2018
Jim Willie CB - Hat Trick Letter
Silver as a Strategic Metal and Why Prices Will Soar
The arguments in favor of silver as an investment asset are growing rapidly. In the opinion of the Jackass, silver is the most under-valued hard asset in existence, with the highest potential for price appreciation on the globe. To begin with, central banks own no silver, but do own huge tracts of gold. Industry has huge demand for silver, but a trifling amount for gold demand. The investment demand is another key factor in favor of silver, but also for gold. Ever since the tech telecom bust in
Wednesday, January 24, 2018
Rory Hall - The Daily coin
Russia Should Overtake China’s Gold Holdings in January 2018
As we have reported on a number of occasions Russia has been moving ever closer to 6th position in global gold holdings and she is now within a handful of tons of physical gold to achieve the next step. Russia added a recorded number of tons of gold to her gold holding in 2017 with 223 tons added to the central bank’s gold reserves. Please keep in mind that Russia has agreed to sell China between 80 and 100 tons of gold on an annual basis, so that would be in addition to what Russia added to her
Wednesday, January 24, 2018
Mark O'Byrne - gold.ie
Government Shutdown Ends – Markets Ignore Looming Debt and Bond Market Threat
– U.S. Senate pass a temporary spending plan through Feb. 8 to end shutdown– Markets shrug off both government shutdown and re-opening– Markets, government and media ignoring worsening US debt position – Gold responding positively to U.S. dysfunction, rising US Treasury yields & weaker dollar – U.S. government national debt is $20.6 trillion and increasing rapidly– ‘Bonds, like men, are in a bear market’ – Bill Gross Editor: Mark O’Byrne Investors “irrational exuberance” continues after the larg
Tuesday, January 23, 2018
Chris Powell - GATA
Ronan Manly: U.S. gold reserves of immense interest to China and Russia
Gold researcher Ronan Manly tonight marvels at the interest of Russian and Chinese news organizations in interviewing him about U.S. gold reserves and the inferiority of their metal contact. Manly also calls attention to a Chinese news report asserting that the Federal Reserve Bank of New York is refusing to repatriate 600 tonnes of gold stored there by China's government. Manly's commentary is headlined "U.S. Gold Reserves of Immense Interest to China and Russia" and it's posted at Bullion Star
Saturday, January 20, 2018
George F. Smith - Barbarous Relic
  Fielding my grandson’s questions about gold and banking
My grandson had quite a day at school.He had learned that the economy had been suffering from things called Panics, capital P, during the 19th century and had another big one in the early 20th century.He had been told that responsible, public-spirited men like J. P. Morgan had organized a central bank to prevent those Panics.He and other bankers finally got the government to go along with their idea and pass it into law in late 1913.And wouldn’t you know it — we’ve had no more Panics since then.
Sunday, January 14, 2018
Przemyslaw Radomski CFA - SunshineProfits
Will Chinese Dragon Boost or Devour Gold?
China may slow down its U.S. debt buying. Will gold rally or plunge, then? Dragons Love Hoarding Gold and Not Only Dragons love gold. In Greek mythology, dragons were set by the gods to guard golden treasures. It makes perfect sense, since it would be rather difficult to find better guards. Everybody who watched The Hobbit series knows that this is true – the powerful Smaug hoarded a lot and was really obsessed with his shiny treasure. The Chinese dragon is also believed to hoard a lot of gold.
Friday, January 12, 2018
Chris Powell - GATA
Russia-China gold reserves could shake U.S. economic dominance, expert tells RT
The gold accumulated by China and Russia could be seen as part of a strategy to move away from international trade denominated in U.S. dollars, according to Singapore's Bullion Star precious metals expert Ronan Manly. Manly exclusively told RT that there is a shift occurring regarding the two countries building up their gold reserves, to perhaps returning to gold-backed currencies in the future and a move away from the global dominance of the U.S. dollar, which is no longer supported by gold. "C
Monday, January 8, 2018
Rory Hall - The Daily coin
El Petro Has Arrived!! Backed by Oil, Gold and Diamonds
That didn’t take long. It was just a few weeks ago that Maduro announced he would be launching a cryptocurrency backed by oil, gold and diamonds and now here we are with El Petro coming to market. It was December 4, 2017 that we published Venezuela Announces “the Petro” Currency Backed by Gold, Oil and Diamonds and just over a month later – WOW!! does this mean it was already in the works long before he made the announcement or is utilizing a cryptocurrency that was underdevelopment and was clos
Sunday, January 7, 2018
Chris Powell - GATA
Turkish central bank's gold holdings hit record as dollar holdings fall
By Ugur Gurses Hurriyet Daily News, Istanbul Thursday, January 4, 2018 The Turkish Central Bank's gold reserves have reached a record-high 564.8 tons, mainly due to the bank's policy of replacing a large amount of U.S. dollar reserves with bullion. Overall gold reserves of the Central Bank reached $107.7 billion in value at the end of 2017, up $1.6 billion from a year earlier. The increase came despite a $7.9 billion decline in U.S. dollar reserves from 2016, which stood at $84.1 billion at th
Friday, January 5, 2018
The Gold Report
Gold: Not the Typical Year-End Buying Opportunity
Ron Struthers of Struthers' Resource Stock Report takes a look back at gold's performance in the last quarter of 2017, and describes a producer he'll be adding to his portfolio in early 2018. As of my last Seeking Alpha comments on gold on September 15, gold (GLD) had hit my $1,360 target and I was contemplating the possibility of a break above $1,375. I believed at that time the best chance for this was in September/October, because after that we would
Friday, January 5, 2018
Koos Jansen - Bullion Star
How The West Has Been Selling Gold Into A Black Hole 
In December 2016 Chinese wholesale gold demand, measured by withdrawals from the vaults of the Shanghai Gold Exchange (SGE), accounted for 196 tonnes, down 9 % from November. December was still a strong month for SGE withdrawals due to the fact the gold price trended lower before briefly spiking at the end of the month, and the Chinese
Friday, January 5, 2018
FOFOA - FoFOA
Happy New Year!
2018 Year of the POP If you'd like to read "Year of the POP", I'm sure you can guess where it can be found. ;D At the Speakeasy, we discuss things like bullion, bitcoin, bubbles, banking, and much much more. As I did in Nine, at the ninth anniversary of this blog, and back in May at the second anniversary of the new Speakeasy, I have started a new tradition of sharing samples from the Speakeasy here. For this one, I picked a fun post from back in August. It's about the coat-check room view o
Tuesday, January 2, 2018
James Howard Kunstler
Forecast 2018 — What Could Go Wrong? 
Markets If you take your cues from Consensus Trance Central — the cable news networks, The New York Times, WashPost, and HuffPo — Trump is all that ails this foundering empire. Well, Trump and Russia, since the Golden Golem of Greatness is in league with Vladimir Putin to loot the world, or something like that. Since I believe that the financial system is at the heart of today’s meta-question (What Could Go Wrong?), it would be perhaps more to the point to ask: what has held this matrix of racke
Monday, January 1, 2018
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