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 | Antal E. Fekete - Gold University |
| Whither Gold |
| The year 1971 was a milestone in the history of money and credit. Previously, in theworld's most developed countries, money (and hence credit) was tied to a positive value:the value of a well-defined quantity of a good of well-defined quality. In 1971 this tiewas cut. Ever since, money has been tied not to positive but to negative values – the value of debt instruments.Tuesday, March 2, 2021 |
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 | Robert Blumen - 24hgold |
 Is Gold Money  |
| Is Gold Money ? Many would say so, but is it so ? The answer the question of whether Gold is money requires a definitionTuesday, November 24, 2020 |
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| Antal E. Fekete - Gold University |
What You Always Wanted To Know About Gold*  |
| To say that the gold standard is not practicable is the same to say that honesty is not practicable, and Constitutions are made to be blithely ignored when convenient. The American Constitution, for example, mandates a metallic monetary standard for the United States in the clearest possible language. Opponents of the gold standard have never been able to muster up the moral fortitude to amend the Constitution so as to formalize the abolishing of theSaturday, August 1, 2020 |
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| History of Gold |
| April 2, 1792 : The US Coinage Act |
| The 1792 Coinage Act had an interesting provision under Section 19.
SEC. 19. And be it further enacted, That if any of the gold or silver coins which shall be struck or coined at the said mint shall be debased or made worse as to the proportion of fine gold or fine silver therein contained, or shall be of less weight or value than the same ought to be pursuant to the directions of this act, through the default or with the connivance of any of the officers or persons whoThursday, April 2, 2020 |
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| Food for thought |
| Gold was not selected arbitrarily by governments to be the monetary standard |
| "Goldwas notselectedarbitrarily bygovernments tobe themonetary standard. Goldhaddeveloped formany centuries on the freemarket as the best money; as thecommodityproviding themost stable anddesirablemonetary medium...Isee agreat future for gold andsilver coins as thecurrency peoplemayincreasinglyturn towhenpapercurrenciesbegin todisintegrate.Saturday, March 7, 2020 |
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 | Mark O'Byrne - gold.ie |
| Digital Gold Provide the Benefits Of Physical Gold |
| – Will digital gold provide the benefits of physical gold?– Digital gold and crypto gold products claim to combine efficiencies of blockchain with value of gold– They are yet to provide the same benefits or safety as owning physical gold– National mints jumping in on the ‘sexy blockchain’ act – BOE declares bitcoin ‘not a currency;’ Royal Mint launches blockchain gold product– Digital gold, blockchain gold and crypto gold is frequently not fully backed, unallocated, pooled and unsecured gold hoMonday, February 26, 2018 |
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 | 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 RussiaTuesday, October 17, 2017 |
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 | Chris Powell - GATA |
| 'Pretty much ever since Australia sold its gold, it's been on the up' |
| By Paul Garvey
The Australian, Sydney
Saturday, July 29, 2017
In a vault deep in the basement of the Reserve Bank's Martin Place headquarters in Sydney sits a hoard of gold bars worth about $US500,000 each — all four of them.
The Reserve Bank of Australia now holds almost the entirety of the nation's gold in vaults administered by the Bank of England.
To add insult to injury to the nation's gold devotees, the vaults are stuffed full of the redesigned $10 polymer banknotes awaiting official releaTuesday, August 1, 2017 |
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 | Nathan Lewis - New World Economics |
| the Final Standard |
| Gold: the Final Standard (2017), my third book about monetary topics, is now available in both eBook and print formats. I thought I would say a few words about how it came about.
It forms the third book of a sort of “gold trilogy,” as I see it, following Gold: the Once and Future Money (2007) and Gold: the Monetary Polaris (2013). Things were not really planned out that way, but I have the sense that it brings a level of completion to the topic. There will likely be more books in the future, soTuesday, June 6, 2017 |
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| Graham Summer - Gains Pains & Capital |
| Gold Market Charts - A Month in Review |
| BullionStar has recently started a new series of posts highlighting charts relating to some of the most important gold markets, gold exchanges and gold trends around the world. The posts include charts of the Chinese Gold Market, the flow of gold from West to East via the London and Swiss gold markets, and the holdings of gold-backed Exchange Traded Funds (ETFs). This is the second post in the series. Please see the November 2016 chart post article for background about the charts chosen for thisMonday, January 2, 2017 |
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 | Jan Nieuwenhuijs - Bullion Star |
| China’s Gold Market Opens Up To Boost RMB Internationalization |
| Last week the Shanghai Gold Exchange (SGE) launched a new English website to offer international customers more information and tools on trading gold in renminbi through its subsidiary in the Shanghai Free Trade Zone the Shanghai International Gold Exchange (SGEI). BullionStar took the opportunity to translate a speech by a Teng Wei, Deputy General Manager of the SGEI, named “How China’s Gold Market Can Help The RMB Achieve International Status” that was held at the Renminbi World summit in BeijThursday, December 29, 2016 |
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| Jan Nieuwenhuijs - Bullion Star |
| The Value-added Tax System In China’s Domestic Gold Market |
| Important for a thorough understanding of the Chinese domestic gold market – the largest physical gold market globally – is the local Value-added Tax (VAT) system.
In the Gold Survey 2016 by Thomson Reuters GFMS there is a complex illegal scheme described whereby criminals obtain VAT invoices from the Shanghai Gold Exchange (SGE) for tax evasion. According to GFMS this scheme is one of the reasons why SGE withdrawals are significantly higher than “Chinese consumer gold demand”. To be able to proWednesday, November 30, 2016 |
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| Ronan Manly - Bullion Star |
| European Central Bank gold reserves held across 5 locations. ECB will not disclose Gold Bar List. |
| The European Central Bank (ECB), creator of the Euro, currently claims to hold 504.8 tonnes of gold reserves. These gold holdings are reflected on the ECB balance sheet and arose from transfers made to the ECB by Euro member national central banks, mainly in January 1999 at the birth of the Euro. As of the end of December 2015, these ECB gold reserves were valued on the ECB balance sheet at market prices and amounted to €15.79 billion.
The ECB very recently confirmed to BullionStar that its golWednesday, November 16, 2016 |
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| Nathan Lewis - New World Economics |
| Robert Mundell's Interpretation of the Interwar Period |
| Today we will look at Robert Mundell's interpretation of the Interwar
Period, 1914-1944.
October
30, 2016: Nonmonetary Perspectives on the Great Depression 3:
Nonmonetary Causes
October
23, 2016: Nonmonetary Perspectives on the Great Depression 2: Steindl,
Schwartz, and Eichengreen
October
16, 2016: Nonmonetary Perspectives on the Great Depression
October
2, 2016: The Interwar Period, 1914-1944
When I entered the "supply side inner circle" around 2001, I was
surprised to find that a loSunday, November 6, 2016 |
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| Jan Nieuwenhuijs - Bullion Star |
| How Constant Is Gold’s Purchasing Power |
| An often-perceived analysis in the gold community is that gold is the constant in our global economy. But is this true? Yes and no. Allow me to share my observations. Although gold has an exceptionally constant nature, and we have yet to see another currency that can compete with gold’s constant nature, the reality is, that there is no exact constant in economics. In any market all goods, assets, currencies, etc. continuously fluctuate in value relative to each other due to ever changing supplyMonday, October 3, 2016 |
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| Ronan Manly - Bullion Star |
| Chinese Gold Bar Photos – Lost in Translation |
| China is now in pole position as regards annual global gold mining output. Much if not all of Chinese domestic gold mining output is refined into standard gold by Shanghai Gold Exchange (SGE) approved refiners and then and sold through the SGE. A lot of recycled gold in China also flows through the same refineries. As of 2013, there were at least 35 refiners across China accredited by the SGE to deliver gold ‘Ingots’ (bars of weights 12.5 kg, 3 kg and 1 kg) on the Exchange. The list is probablySunday, September 11, 2016 |
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| Mark O'Byrne - gold.ie |
| Physical Gold Delivery Failure By German Banks |
| The physical gold delivery failure to clients of Deutsche Bank who own Xetra-Gold, the gold exchange traded commodity, was confirmed yesterday by Deutsche Bourse who said that the inability to deliver gold was not limited to Deutsche Bank and that other German banks were having “problems” delivering gold. This is yet another example of a bank not making good on promises to redeem their gold investment products, as seen with ABN Amro in 2013 and indeed Julius Baer in recent months as we pointed oFriday, September 2, 2016 |
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| Mark O'Byrne - gold.ie |
| Avoid Paper Gold – “Gold Delivery” Refused By Gold Exchange Traded Commodity |
| “Delivery of gold” has been refused by a popular German gold exchange traded commodity (ETC), Xetra-Gold, which is offered by Deutsche Bank, in the latest example of the risk of owning gold exchange traded commodities (ETCs), exchange traded funds (ETFs) and indeed most institutional gold investment offerings.Like many gold exchange traded funds and commodities, the German ETC offered the ability to take physical delivery of the gold. As reported by Zero Hedge:“Since the introduction of Xetra-GoThursday, September 1, 2016 |
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| Mark O'Byrne - gold.ie |
| Obama To Leave $20 Trillion Debt Crisis For Clinton Or Trump |
| President Obama is set to leave a massive near $20 trillion debt crisis for his successor – be that Hillary Clinton or Donald Trump.The U.S. national debt reached $19.5 trillion last week and has been increasing by roughly $1 trillion a year during his Presidency and during the so called “recovery” as the U.S. government continues to spend money like a drunken sailor.President Obama gestures while speaking at Concord Community High School in Elkhart, Ind., on June 1, 2016. (Associated Press)DuriMonday, August 29, 2016 |
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| Mark O'Byrne - gold.ie |
| Gold Futures See Massive $1.5 Billion “Non Profit” Liquidation In “One Minute” |
| Gold futures saw a massive $1.5 billion liquidation in one minute yesterday which had all the hallmarks of a “non profit” liquidation – a large seller trying to manipulate gold futures lower rather than maximise profits. Gold Futures – August 24, 2016 (Zero Hedge)Subsequently, gold dropped throughout most of trade in New York and ended near its last minute low of $1323.80 with a loss of 1.1%. Silver slipped to as low as $18.535 and ended with a loss of 1.75%. Gold futures moved sideways in AsiaThursday, August 25, 2016 |
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