Thursday, May 24 2018
By GCRU Gold News on Thursday, May 24 2018, 23:54
The London Metal Exchange is planning to introduce yuan-denominated metal products, according its chief executive, a sign the currency’s status in international finance is on the rise.
Monday, May 21 2018
By GCRU Gold News on Monday, May 21 2018, 05:55
European gold imports/exports for March
By GCRU Gold News on Monday, May 21 2018, 05:48
UK imports/exports for March
By GCRU Gold News on Monday, May 21 2018, 00:38
And now, according to a report by the Swiss Schweiz am Wochenende, the repatriation is complete with the Turkish central bank withdrawing all of its gold reserves from the U.S. due to the "tense political situation." However, in a strange twist, instead of moving the physical gold to Istanbul as the Turkish press reported in April, the Swiss newspaper notes that around 19 tons of Turkish gold is now stored at the Basel-based Bank for International Settlements.
Sunday, May 20 2018
By GCRU Gold News on Sunday, May 20 2018, 00:28
Russia adds 600,000oz of gold to it's reserves in April
Saturday, May 19 2018
By GCRU Gold News on Saturday, May 19 2018, 07:01
By GCRU Gold News on Saturday, May 19 2018, 06:57
By GCRU Gold News on Saturday, May 19 2018, 01:22
I want to mention that blockchain is also bringing change to gold investment. Consider Royal Mint Gold (RMG), which aims to provide the “performance of the London Gold Market with the transparency of an exchange-traded security.” There’s also the Perth Mint’s InfiniGold, which issues digital certificates guaranteeing ownership of gold and silver in the mint’s vault. A number of other platforms exist to help facilitate gold trading.
Should even one of these become hugely popular, it “could be as big a change to the gold markets as the development of ETFs, but with the added advantage of appealing to younger generations,” according to the World Gold Council’s (WGC) chief strategist, John Reade.
Friday, May 18 2018
By GCRU Gold News on Friday, May 18 2018, 02:37
Gold 2048 brings together industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years.
By GCRU Gold News on Friday, May 18 2018, 01:41
With all that value coming from such a small package, sometimes it is hard to put gold’s immense worth into context.
Thursday, May 17 2018
By GCRU Gold News on Thursday, May 17 2018, 00:49
'Are we not looking for it? Are we bad at finding it? Or have we found it all? My answer is we found it all'
Tuesday, May 15 2018
By GCRU Gold News on Tuesday, May 15 2018, 06:33
In his latest book, "The New Case for Gold," fund manager, geopolitical analyst, and financial letter writer James G. Rickards may have summarized the international gold price suppression scheme better than anyone, including GATA itself.
Monday, May 14 2018
By GCRU Gold News on Monday, May 14 2018, 09:19
The upshot is that silver’s COT situation was not price-supportive at any stage over the past two months. This is mainly because the bullish implications of the unusually-low net-long exposure of large specs was counteracted by the bearish implications of the unusually-high net-long exposure of small specs.
Sunday, May 13 2018
By GCRU Gold News on Sunday, May 13 2018, 01:32
By GCRU Gold News on Sunday, May 13 2018, 00:58
By GCRU Gold News on Sunday, May 13 2018, 00:54
The reason for this concerns the fact that the world is now in a completely fiat-based financial system in which Central Banks can print tens of billions of their currencies at a whim. This opens the door to abject manipulation of Gold prices.
By GCRU Gold News on Sunday, May 13 2018, 00:28
Chris Irons, founder of Quoth the Raven Research makes his pitch for being long gold as a way to “Short the Whole Fucking Thing”
Friday, May 11 2018
By GCRU Gold News on Friday, May 11 2018, 01:34
Iran’s gold demand will probably be “strong” for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd.
After a previous set of sanctions was imposed on Iran in 2012, it took two years for the country’s gold demand to start falling, according to data from the World Gold Council. It sank to only 45.1 tons by 2016, the lowest in at least six years and 65 percent lower than in 2013, according to gold council data. It rose to 64.5 tons last year.
Thursday, May 10 2018
By GCRU Gold News on Thursday, May 10 2018, 02:03
Gold has been under pressure from a strengthening U.S. dollar, and May has historically delivered lower prices. As I’ve pointed out before, this makes it an ideal entry point in anticipation of a late summer rally before Diwali and the Indian wedding season, during which gifts of gold jewelry are considered auspicious. Demand in China for the remainder of the year also looks promising.
By GCRU Gold News on Thursday, May 10 2018, 02:01