RSSCategory: Category: Physical Market

FT Removes Article “Gold Price Rigging Fears Put Investors On Alert”

FT Removes Article “Gold Price Rigging Fears Put Investors On Alert”

In an article published on Sunday, a Financial Times editor explains how the London Gold Fix could be structurally manipulated. In a myserious way, however, the article disappeared shortly after getting published. Too late for Google’s spider who already registered the article in its memory.

Continue Reading

Bundesbank Must Intervene To Reassure German Gold Will Come Back

Bundesbank Must Intervene To Reassure German Gold Will Come Back

The underlying dynamic can’t be more obvious. The Bundesbank was obviously not pleased by the questions that Handelsblatt brought up. The interview gives the impression that all is good with Germany’s gold. It is very likely that the Bundesbank asked the newspaper to make up on their previous article. Readers are invited to draw their own conclusions, based on the facts.

Continue Reading

Remarkably Interesting Insights From A Meeting With Mr. Gold

Remarkably Interesting Insights From A Meeting With Mr. Gold

Jim Sinclair, also known as “Mr. Gold” as he has made literally fortunes with gold in the 70ies, was in Texas recently. He talked about the prospects of the economy, the looming derivatives disaster, and gold’s outlook. One of the attendees, Bill Holter writing for Miles Franklin, reported the key thoughts of Sinclair in a blog post. This article provides some remarkably interesting highlights.

Continue Reading

Fractional Reserve Bullion Banking And Gold Bank Runs

Fractional Reserve Bullion Banking And Gold Bank Runs

In this post, Bron Suchecki discusses the factors affecting a gold bank run. He starts by explaining the types of gold “assets” a bullion bank can hold in order to understand the risks associated with them and then the dynamics of a gold run.

Continue Reading

JP Morgan Holds Highest Amount Of Physical Silver In History

JP Morgan Holds Highest Amount Of Physical Silver In History

Butler’s calculations show that JPMorgan has piled up the largest holding of physical silver in modern world. Since the silver price peak in May 2011, the bank has accumulated between 100 and 200 million ounces of physical silver (if not more). The equivalent in metric tonnes is between 3,110 and 6,220 metric tonnes. To put that number in perspective, it surpasses the amounts held by the Hunt Brothers or Warren Buffett.

Continue Reading

Silver Shines at the Super Bowl

Silver Shines at the Super Bowl

“While the fans are using their texting gloves to contact friends back home, much of the equipment and electronic systems used to broadcast the Super Bowl around the world will rely on silver components,” according to Michael DiRienzo, Executive Director of the Silver Institute.

Continue Reading

There You Have Gold’s Unique Feature: Price Down, Demand Up

There You Have Gold’s Unique Feature: Price Down, Demand Up

What is currently unfolding in the gold market is truly astonishing, especially in Asia. Ggld coin demand is exploding also in Europe and mints can’t keep up with demand. Things are so extreme in Asia that (a lack of) storage is becoming an issue. Which other financial asset sees demand exploding when prices go down?

Continue Reading

Russia Adds 79.5 Tonnes Of Gold In 2013 To Its Reserves

Russia Adds 79.5 Tonnes Of Gold In 2013 To Its Reserves

The Central Bank of the Russian Federation finally got around to updating their website for December—and for the first time in four months they added to their gold reserves. This time it was 700,000 troy ounces. Their total gold reserves that they’re reporting on their website now totals 33.3 million troy ounces. For all of 2013 they added 2.5 million troy ounces to their ‘reported’ reserves, which is about 79.5 metric tonnes.

Continue Reading

Gold Market – The Way The Tectonic Plates Are Shifting Still Has To Be Understood

Gold Market – The Way The Tectonic Plates Are Shifting Still Has To Be Understood

2013 was an absolutely seismic year for gold, but the way in which the tectonic plates shifted has yet to be fully understood. I firmly believe that in the years to come, when we look back at the great game being played in gold, we will pinpoint January 16, 2013, as the day when it all began to unravel. That day, the day the Bundesbank blinked and demanded its bullion, will be shown to be the beginning of the end of the gold price suppression scheme by the world’s central banks; and then gold will go on to trade much, much higher.

Continue Reading

Why The Bundesbank Is repatriating Its Gold So Slowly

Why The Bundesbank Is repatriating Its Gold So Slowly

Should they keep their reserves in Germany? In my opinon, all countries should. Does it make sense that the Fed doesn’t allow viewings “in the interest of security and of the control process” when they allow tourists to see the vault? In my opinon, no. But it is clear to me that their public statements and lack of action reflect the fact that they consider the repatriation as “irrational” rather than showing any distrust in the US or France central banks.

Continue Reading

Today’s Gold Market Increasingly Resembles The London Gold Pool

Today’s Gold Market Increasingly Resembles The London Gold Pool

History does not repeat itself, but it does rhyme. The question is: with which period exactly does it rhyme? This article presents a scenario that has remained rather underexposed: today’s gold market resembles the one of the 60ies, in particular the London Gold Pool. It shows increasingly more compelling similarities, and all recent developments point to an unfolding London Gold Pool scenario.

Continue Reading

Swiss Gold Coins Are Ready To Change The World

Swiss Gold Coins Are Ready To Change The World

The Swiss Gold Coin Initiative is a unique, politically realistic and potentially far reaching reformation of the monetary system. The next step is the collection of 100 000 signatures in Switzerland. To get started requires about the same number Dollars Considering the dangers in today’s paper money system and in view of the anticipated benefits of the initiative its realization is not only a urgent opportunity, but a moral obligation for whoever can contribute to it.

Continue Reading

Gold Coin Demand Exploding In Europe And China On Gold’s Price Lows

Gold Coin Demand Exploding In Europe And China On Gold’s Price Lows

The ultimate test came two weeks ago, when gold touched again the same price level as in June. The gold price jumped quickly higher. The double bottom was not only a powerful technical signal, it was also confirmed in the physical market with another explosion in demand. The Royal Mint in the UK, the US Mint, Perth Mint in Australia and the Shanghai Exchange in China all reported an explosion in physical gold demand.

Continue Reading

Is The Exploding Indian Scrap Gold Supply Actually Smuggled Gold?

Is The Exploding Indian Scrap Gold Supply Actually Smuggled Gold?

Suchecki writes: “Indian Jewelers will not want the Indian Government to think their gold import tax policy is not working. Thus, gold purchased from smugglers will be increasingly reported by jewelers as Scrap/Recycled and they will report record demand of Indians turning in their old jewelry to be updated to new, fashionable designs.”

Continue Reading