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Sunday, March 26 2017

New Electrocatalyst Uses 99% Less Platinum Than Conventional Designs

Platinum is used as the catalyst in electrolysers that store electric energy as chemical compounds, and it also plays an important role in fuel cells, catalytic converters and many chemical processes used in industry.

A group of Aalto University researchers led by professors Tanja Kallio and Kari Laasonen has developed a manufacturing method for electrocatalysts that only uses one hundredth of the amount of platinum generally used in commercial products. Platinum is a very expensive metal and it is therefore one of the bottlenecks hindering the growth of renewable energy.

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Transparent Precious Metal Holdings - Gold/Silver

Flows this week

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Gold/Silver - Futures - COTs - Commitment of Traders

COTs this week

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Friday, March 24 2017

Inside a Chinese Coin Counterfeiting Ring

The photos in this gallery were taken inside a Chinese coin counterfeiting operation. This counterfeiting ring is suspected of putting thousands of fake coins onto the world and U.S. coin markets every month.

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Oregon teens used fake gold bars to scam people out of $

A pair of 17-year-old boys carried out a scheme using fake gold bars to scam people out of more than $50,000, according to police.

Investigators said the Bend teens bought artificial gold bars online that looked like the real deal. They then sold the bars as authentic to people in central Oregon, according to police.

Investigators described the suspects as "sophisticated" in using multiple ways to conceal their identities and scheme.

The teens identified people interested in buying gold through Craigslist and then set up meetings to make the transactions.

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Reviving King of Gold Means Getting Mine Workers Off Their Knees

If only it was that easy for the rest of the once dominant South African gold industry. After more than a century as the world’s top producer, the country has slipped to No. 7 over the past decade. Mines are deep, labor intensive and are being developed with mostly drill-and-blast methods little changed since the 1950s, which means costs have soared and output has dropped.

“South Africa is endowed with an unbelievable mineral resource,” said Neal Froneman, the chief executive officer of Sibanye Gold Ltd., the biggest producer of South African gold. “If we don’t have this shift to a new way of thinking about technology, we are going to sterilize resources. The industry will be dead by 2033 if we don’t change.”

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Struggling with dore imports, MMTC Pamp banks on domestic gold scrap

Facing much difficulty in import of dore, the term for unrefined gold, India's only refinery with LBMA (London Bullion Market Association) accreditation, MMTC Pamp, has diverted its focus on domestic jewellery scrap collection, to meet its raw material needs.



A joint venture between government-owned MMTC and Switzerland-based Pamp SA, the world’s leading bullion refiner, it has set up 10 scrap collection centres across major cities. These have testing machines and other equipment needed for checking purity of gold content in used jewellery. With these, it has recovered three tonnes of gold through scrap jewellery so far this financial year.

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This Gold Rally Has Recent History on Its Side

Gold has staged an impressive rebound since the Federal Reserve raised interest rates last week and reiterated that the pace of increases will accelerate. But is a rally logical?

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Wednesday, March 22 2017

Switzerland Gold Imports & Exports

Swiss gold imports/exports for February

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10,000 pieces of 300yo gold & silver treasure found in Chinese river

Over 10,000 items from a gold and silver treasure dating back to the Ming Dynasty 300 years ago have been discovered at the bottom of a river in China.

The monumental trove, which had been sitting at the bottom of a river in southwest China’s Sichuan Province for over 300 years, was unearthed by archaeologists.

A large number of gold, silver, and bronze coins were among some of the items recovered at the junction of the Minjiang and Jinjiang rivers about 50 kilometers (31 miles) south of Chengdu, the archeologists said on Monday.

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Gold is breaking free from Fed rate expectations

The correlation between gold prices and US nominal interest rates recently dropped to near record lows, which prompted some financial analysts and media sources to predict that further Fed interest hikes will inevitably lead to lower gold prices. However, proper analysis shows that gold prices move with real-interest rates, not nominal rates. And while nominal interest rates are likely to rise further, real-interest rates are not, because inflation expectations are moving higher as well. In fact, we believe that even if the economy allows the Fed to raise rates several percent higher, real-rates have likely peaked and thus gold prices troughed. Being already in the second longest economic expansion in US history, odds are that the economy will begin to slow long before the FED has raised rates to its 3% forecast, which means that the ensuing monetary easing will push real-interest rates into negative territory and gold prices higher again.

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The Natural Order of Money and Why Abstract Currencies Fail

For precious metals, the “blockchain” is nature and natural law. Holding gold in your hands requires no reference to a block of bits or bytes to tell you what you own and requires no future exchangeability to establish its long-run value. It’s weight, its elemental classification, its ability to resist entropy, its cost in energy, are all endowed by nature. It’s utility as a commodity money, jewelry money, or its optional input value as a commodity in the production of goods is what sets the marginal demand through time. To its owner, gold is more valuable at rest than it is in an exchange.

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Tuesday, March 21 2017

The Biggest Gold Story Not Being Reported

But while most investors focus on the potential for increasing demand, few consider if supplies will be able to meet that demand. And if supplies can’t keep up with demand, that should lead to much higher gold prices.

And according to the Thomson Reuters report, there are “few new projects and expansions expected to begin producing this year, and those in the near-term pipeline are generally fairly modest in scale, hence our view that global mine supply is set to continue a multiyear downtrend in 2017.”

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ICE delays launch of clearing for London gold benchmark

Intercontinental Exchange has delayed the launch of clearing for London's benchmark gold price because not all participants in the auction will be ready, two sources involved in the process said on Tuesday.

The delay could weaken its bid to become the dominant exchange in London's $5 trillion-a-year bullion market, sources say.

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Rising Demand, Falling Supplies Equals Higher Gold Prices

As long as supply and demand for physical gold are in rough equilibrium, there is no catalyst for a sudden spike in gold prices, apart from the usual geopolitical flight to quality demand. But, as soon as demand begins to overwhelm supply, then it’s “game on” for significantly higher physical gold prices followed by the toppling of the inverted pyramid of paper gold contracts.

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Monday, March 20 2017

Russian Gold Reserves

Russia adds 300,000oz during February

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Saturday, March 18 2017

Transparent Precious Metal Holdings - Gold/Silver

Flows this week

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Gold/Silver - Futures - COTs - Commitment of Traders

COTs this week

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SGE Intraday Premiums

Chinese gold premium

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China gold premiums rise on limited supply

Gold premiums rose in China this week as traders said supply of the precious metal was limited due to tightening import restrictions to stem currency outflows.

Premiums climbed to over $20 an ounce against the international benchmark from $15-$17 last week.

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