GCRU Gold News

Two Venezuelans charged with smuggling about $5 million worth of gold bars in a private plane to South Florida have cut plea deals with federal prosecutors to gain light prison sentences along with immediate deportation to Venezuela.

JPMorgan Precious Metals Probe Expands as Another Is Charged

By GCRU Gold News on Tuesday, November 19 2019, 06:11

Manipulation

Another JPMorgan Chase & Co. official was charged in the U.S. probe of the bank's precious metals trading operation.

The allegations are part of a broader investigation of market spoofing that has now resulted in charges against six bank employees.

U.S. Gov’t Extradites Alleged Fraudster for Selling Fake Securities for $11 M in BTC

By GCRU Gold News on Tuesday, November 19 2019, 00:22

Cryptos

Karlsson allegedly used Eastern Metal Securities, as well as an array of false online identities, to funnel investors into paying $98 per share in the company on the promise of an eventual payout of 1.15 kilograms of gold per share — as of press time, worth nearly $60,000.

Monday, November 18 2019

Did the Comex Just Create More 'Paper Gold' For Price Suppression?

By GCRU Gold News on Monday, November 18 2019, 23:42

Gold Exchange

Ultimately, the use of “London gold” and Comex warehouse warrants expands the fractional-reserve gold banking system and further weaponizes “paper gold” in support of the longstanding bullion bank and central bank campaign to suppress the gold price.

Cryptosphere Courts Gold Bugs as Bitcoin Loses Some Luster

By GCRU Gold News on Monday, November 18 2019, 23:05

Digital Gold

The cryptocurrency world is seeing a surge in the issuance of gold-backed tokens, with some of the digital-asset industry’s biggest and most controversial participants joining in on the fresh gold rush.

The throng behind the Tether stablecoin and the Bitfinex trading platform plan to issue Tether Gold before Christmas. The token will be backed 100% by bullion reserves, according to Paolo Ardoino, who serves as chief technology officer for Bitfinex and Tether.

Transparent Precious Metal Holdings - Gold

By GCRU Gold News on Monday, November 18 2019, 22:38

GCRU Charts

A correction on the UBS stats/charts I posted last week & my apologies.

It appears that UBS did a reconstruction with their 3 gold funds, adjusting the weightings & thus their NAVs.
https://www.ubs.com/ch/en/asset-management/etf-institutional/investment-themes/precious-metals.html

The changes can be seen in their 3 gold funds in the excel spreadsheets linked in on their Performance Tracking pages.

I have hence corrected the data errors in my charts.

Sunday, November 17 2019

Building Empires Out of Gold

By GCRU Gold News on Sunday, November 17 2019, 23:55

Digital Gold

James Turk is widely respected as one of the true legends of the gold market, with over 40 years in the business. In conversation with Grant Williams, James looks back on his career, which is entwined with the modern history of gold, examining the potential for the next break to the upside and what comes next when empires of money end

The Future of Gold from 2019 to 2039

By GCRU Gold News on Sunday, November 17 2019, 04:17

Gold

Here you can find Sam’s extensive Thesis on Gold. In the Thesis, Sam examines the Developments in the Gold Market, Cycles Analysis, Gold Market Fundamentals, Gold’s Monetary Perspective, Central Banks’ relation to Gold, the flaws in the Efficient Market Hypothesis, Gold Market Manipulation, Gold’s history and many other smaller topics. The report is a form of Market analysis and aims to provide a reliable picture of where Gold prices and Gold usage are heading over the next 20 year

Saturday, November 16 2019