Friday, November 16 2018

Forget Bars And Coins; Digital Gold Will Revolutionize Marketplace

Grosskopf said that he thinks a digital bullion marketplace will open up the gold market to a new category of investors and bring much-needed efficiencies for the market.

“Without exaggeration, I think a digital exchange is important for the gold market,” he said. “The gold market is ready for a whole new investor. We just have to bring the physical market into a digital world.”

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GFMS Releases 2018 Interim Silver Market Review

The silver market is expected to experience a physical surplus of 35.3 Moz which is substantially higher than the previous year. Net holdings of ETPs have contracted 0.5 Moz to-date, following seven annual increases in the last decade. On the other hand, exchange inventories have increased for the third consecutive year in 2018, particularly on COMEX which represents approximately 76% of total, rising by 52.5 Moz. As such, the net balance is expected to post a shortfall of 16.7 Moz.

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Thursday, November 15 2018

Bank of England refuses to return 14 tonnes of gold to Venezuela

The reasons put forward by official sources in the Reuters and Times articles for why Venezuela can’t withdraw its gold from the Bank of England are clearly bogus. The more logical and likely explanation is that the US, through the White House, US Treasury and State Department have been liaising with the British Foreign office, HM Treasury to put pressure on the Bank of England to delay and push back on Venezuela’s gold withdrawal request.

However, these ‘British officials’ are creating a dangerous precedent that other central bank gold customers of the Bank of England around the world will be taking note of. Similar gold withdrawal requests from other central banks, especially those that hold gold loans and gold swaps and want allocation, could well precipitate a run on the physical gold stored in the Bank of England’s vaults.

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Gold Re-Monetization Is Much Closer Than Many Realize

Under Basel III, monetary gold now qualifies as a Tier 1 asset, and is 100% valued for the purposes of banking viability.

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Gold And Silver Stocks Are Literally Cheaper Than Dirt!

Watch as Jeff Clark discusses the impact the world economy has on gold and silver prices and gives his top stock picks.

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Wednesday, November 14 2018

Gold: Rising gold price vindicates RBI’s investment plan

The Reserve Bank of India’s gold purchase plan seems to be paying off as the monthly valuation gains have touched an eight month high with investor demand for a safe haven rallying the yellow metal.

The value of gold in the country’s foreign exchange reserves rose 1.7 per cent in three weeks from October 12 to November 2 at $20.9 billion. Gold prices rose 2 per cent during the same period.

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At Some Point the Whole Thing Blows Up

The interview gets interesting (gold) starting at 21 minutes & running through to the end.

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Chinese Gold Reserves

Reserves for October

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Tuesday, November 13 2018

GoldCore targets Brexit fears with Dublin gold vault

GoldCore, the Dublin-based precious metals broker, has opened Ireland’s first institutional-grade gold storage vault amid hopes of a mini gold rush of investors moving bars to Dublin from London as they prepare for Brexit.

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Investors Set To Move and Store Gold In Dublin Due To Brexit Risks

Investors in Ireland, the UK and internationally can for the first-time own gold in a secure and liquid way in accredited, professionally managed, fully insured, institutional grade vaults

Secure gold investment in Ireland for first time as global risks intensify and Dublin will compete with London as a favoured gold storage location for the first time

Brexit will likely impact the 300bn London gold market as investors move gold to other jurisdictions including Dublin

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For The First Time Ever, Bank Of Japan Total Assets Surpass Japan's GDP

For the first time in history, a central bank has managed to print enough money to buy enough assets to surpass the nation's annual GDP.

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Gold coins, hoofs found in 2,000-yr-old Chinese tomb

An archaeologist cleans the hoof-shaped ingots in an aristocrat's tomb that dates back to the Western Han Dynasty (206 BC - 24 AD), in Nanchang, capital of east China's Jiangxi Province, Nov. 17, 2015. Chinese archaeologists on Tuesday discovered 75 gold coins and hoof-shaped ingots in the tomb. The gold objects 25 gold hoofs and 50 very large gold coins are the largest single batch of gold items ever found in a Han Dynasty tomb.

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A surprise jump in investor and central bank gold demand

At the recent London Bullion Market Association annual conference, the consensus opinion on the gold price for 2019 among 682 industry delegates was $1532 per ounce. The LBMA offers its opinion annually and it usually falls on the conservative side of the ledger. So its consensus opinion of an average price more than 25% higher than the trading range at the time came as a surprise.

“This is the most bullish forecast since 2012,”

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Monday, November 12 2018

Macron tries to take UK's gold crown as historic rivalry is reborn

Paris has vaulting ambitions to capture a share of the world gold trade from London, reviving its historic role as a top-tier power in the international bullion market.

The Banque de France has teamed up with JP Morgan to offer a full range of swaps, leases, and gold deposits for global central banks and sovereign wealth funds. Global reserve managers will be able to pledge bullion as collateral for deposits or for raising foreign currency on the Paris market.

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Major gold bullion manufacturer may issue gold backed token on blockchain

One of the most prestigious gold bullion manufacturers and traders in the world is contemplating the issue of a gold-backed blockchain token to enhance its business operations, they hold the relevant licenses in London & Singapore and have been operating for decades. Gold-backed cryptocurrencies are constantly coming to the market at present, but this major issue will prove very popular with investors.

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Wednesday, November 7 2018

Sharps Pixley Launches

Welcome to - essentially we have simply migrated to a new domain name which is, we hope, a little easier to remember ; in the next few months we have some new features we shall be adding to the site to improve the information we provide.

Our aim is to provide the largest and fastest source of precious metals news and analysis, with real time market prices and analytics ; as such we provide aggregated news from the leading newswires, research from the leading bullion analysts, real-time market prices, interactive charting tools plus in-house market commentary.

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Bank of England Refusing Venezuelan Request to Return $550 Mln in Gold

The Bank of England is refusing to release Venezuela's gold bars, worth about $550 million or £420 million, back to Caracas, with British officials understood to have referred to "standard" anti-money laundering measures, The Times reports, citing unnamed sources.

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Tuesday, November 6 2018

Ex-JP Morgan trader pleads guilty to manipulating metals markets 

An ex-J.P. Morgan Chase trader has admitted to manipulating the U.S. markets of an array of precious metals for about seven years -- and he has implicated his supervisors at the bank.

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Venezuela seeks to repatriate $550 million of gold from Britain

Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters.

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Monday, November 5 2018

Arbitrade Ltd. Board of Directors Announces They Have Secured in Excess of $10 Billion U.S. Dollars in Gold to Back Their Tokens

Confirmed today, Len Schutzman, Chairman and Chief Executive Officer of Arbitrade Ltd., on behalf of the Board of Directors, announced today via its Agency of Record for Traditional and Non-Traditional Media, Creative Management Partners LLC (CMP), that Arbitrade Ltd. has received title of gold bullion stored at independent security facilities in the amount of 395,000 kgs with a current market value in excess of $10 Billion U.S. (15.6b)

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