RSSCategory: Category: Physical Market

China Stimulates Gold Demand, Becomes World’s Largest Gold Importer

China Stimulates Gold Demand, Becomes World’s Largest Gold Importer

China’s central bank is planning to increase the number of firms allowed to import and export gold and will also ease restrictions on individual buyers of the precious metal, according to a draft policy document issued on Monday. The proposed policy change could boost imports by China, which is expected to overtake India this year as the world’s top gold consumer, and where gold normally trades at a premium to London spot prices.

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Russia Adds 12.7 Tonnes To Gold Reserves In August, Totals 1,015 Tonnes

Russia Adds 12.7 Tonnes To Gold Reserves In August, Totals 1,015 Tonnes

It is getting kind of a cliché: the monthly gold reserve accumulation mainly by Russia and China continues non stop. The most up-to-date chart (see below, courtesy of Goldchartsrus) shows that Russia has been accumulating gold bullion for 6 straight years. What’s more, from a shorter term point of view, this appears to the be the 11th month of gold accumulation.

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Chinese Housewives vs. Goldman Sachs: No Contest

| September 24, 2013 | Category: Physical Market
Chinese Housewives vs. Goldman Sachs: No Contest

Goldman Sachs is once again predicting that gold will fall, setting a new near-term target of $1,050.

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New Chinese Exchange-Traded Products Poised to Boost Gold Demand

New Chinese Exchange-Traded Products Poised to Boost Gold Demand

The announcement of 2 new gold funds represents the latest in a steady stream of bullish signals to emerge from China lately. Still, it is important to recognize that physical bullion will continue to drive the international gold market due to the fact that ETF holdings represent just 1% of the entire 175,000 tonnes of the above-ground gold stock.

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Bring Our Gold Campaign Now in Finland, Just 2 Weeks After Poland

Bring Our Gold Campaign Now in Finland, Just 2 Weeks After Poland

Finland is launching a campaign to bring its country’s gold back. The initiative is a referendum with the aim to put a deadline on the repatriation of Finland’s gold, being May 2014. Finland has 49.1 tons of gold. Most of Finland’s gold is kept outside of Finland. It is in vaults all over the world but mostly at the Bank of England.

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Silver – 3 Innovative Applications In Technology & Biology

Silver – 3 Innovative Applications In Technology & Biology

Three innovative and unique applications of silver are presented in this article. Silver-Based Memory Devices May Replace Flash Drives. Silver Ions Deposited on Glass by High-Speed Spinning. Silver’s Antibacterial Power – College Doors Coated With Silver. Courtesy of The Silver Institute.

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China Imports An Impressive 116.4 Tonnes Of Gold In July 2013

China Imports An Impressive 116.4 Tonnes Of Gold In July 2013

China just released their latest gold import figures for the month of July. China imported through Hong Kong 116.4 tonnes of physical gold in July of 2013. That figure comes on top of the 517.92 tonnes of gold imports in the first 6 months of this year. In total, between January and July of this year, China imported a staggering 633.94 tonnes of physical gold.

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Gold: The Bull Within the Bear

Gold: The Bull Within the Bear

Don’t be fooled by what happened in the futures market. The retreat in the gold price is a buying opportunity for physical metal. And those who do so will be in strong company. The bottom line for me can be summed up by Zhang Bingnan, secretary-general of the China Gold Association: “The dumping recently of holdings in gold exchange-traded products by overseas investors may not prove to be a wise move.”

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Gold Production Decline Imminent

Gold Production Decline Imminent

I truly believe it will be the lack of backfill that will smack the gold-mining industry the hardest. Not only are the large producers cutting way back on their exploration spending, the junior sector has all but ceased exploring and advancing projects. I discussed the huge crisis of confidence currently strangling the junior sector in a previous essay. And it’s not hard to conclude that a lack of activity in this realm will adversely impact global mine production in the years ahead.

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Is Leverage In Gold And Repo Markets Reaching Its Limits?

Is Leverage In Gold And Repo Markets Reaching Its Limits?

Stability in both the repo and the gold markets is a pre-requisite for maintaining confidence in the financial system and keeping the credit/asset bubble inflated. The significance of these markets is not lost on governments, central banks and regulators, although the definition of “stability” in each of them is slightly different. It appears currently that both markets are quiet, but under the hood the data show a totally different picture.

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The Lesson Of India’s Gold Saga

The Lesson Of India’s Gold Saga

The gold price in Indian Rupee dropped in 2013 led by the world spot price. Indians, in the land of the love trade, considered this as an excellent buying opportunity. The need to accumulate physical gold became bigger. It was no coincidence that Indian citizens have been fleeing to gold in a real rush. The government reacted by issuing one sanction after another to stop their citizens from one of their basic rights, i.e. the protection of their financial health.

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Demand For Gold Bars/Coins Make Up For ETF Outflows In Q2 2013

Demand For Gold Bars/Coins Make Up For ETF Outflows In Q2 2013

During the second quarter, gold demand accounte for 856.3 tonnes. That’s 12% less than the same quarter a year ago. A wave of outflows from ETFs was the principal cause of the decline, although this was mitigated by record demand for gold bars and coins. Continuing the theme of the previous quarter, demand for jewellery grew significantly to reach multi-year highs. Supply declined by 6%, the primary reason being a marked contraction in recycling.

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China Imports 104 Tonnes Of Physical Gold In June 2013

China Imports 104 Tonnes Of Physical Gold In June 2013

The latest Chinese gold import figures are out. China imported through Hong Kong 104.6 tonnes of physical gold in June of 2013. That makes for a total gold import of 517.92 tonnes from Hong Kong in the first 6 months of this year.

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China’s Central Bank Official Calls For New Monetary System

China’s Central Bank Official Calls For New Monetary System

Yao Yudong, one of the officials of the People’s Bank of China’s monetary policy committee, in which “he calls for a new Bretton Woods system to strengthen the management of global liquidity”. According to Zerohedge, “Yao called for more power to the IMF as international copperation and supervision are needed. […] Contrary to prevailing misconceptions that the SDR may be the currency of the future, China just may opt to have its own hard asset backed optionality for the future.”

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