Thursday, August 17 2017

Brien Lundin: If They Don't Want You To Own It, You Probably Should

We're living through the most extraordinary period of monetary printing in all of human history. It’s as widespread as it is delusional.

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India Bans Gold Exports Above 22 Carats to Plug Trade Loopholes

India has banned the export of gold products with purity above 22 carats with immediate effect, a move that the industry sees as a way of curbing irregularities in the trade.

The Directorate General of Foreign Trade issued a notice limiting shipments of jewelry, coins and medallions to 22 carats or below, without giving a reason.

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Wednesday, August 16 2017

Gold Investors VanEck Slams Bitcoin While Also Joining Hype

t seems that VanEck is still a firm believer in gold, and perhaps a little worried about the effect of a new digital gold on its primary asset. But they are not foolhardy enough to ignore the investment potential of Bitcoin.

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Monday, August 14 2017

Collecting metal: the inner and outer worlds of jewelry, coins, bullion bits, and odd shiny things

Our two stars, fortuitously set into collision course by two separate supernovae, approached each other and then, captured by each others’ gravity, entered a death spiral. They collided in an unimaginable explosion, unleashing a power density far greater than that of a mere supernova and trillions of times greater than if a mere mountain-sized asteroid had hit the earth. The collision was so intense that it created a black hole and a burst of extremely high energy light called gamma rays. Escaping the black hole along with the gamma rays was a spray of new, heavier metals, including gold. This gold-rich cloud in part expanded and in part coalesced, participating in the subsequent formation of new solar systems, including our own. Due to this collision of rare intensity, our unusual solar system was seeded with astronomically rare heavy metals such as gold along with the more common supernova products such as copper and silver

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India's gold imports to rebound in 2017 on restocking, good monsoon

India's gold imports are likely to jump by a third in 2017 to 750 tonnes on restocking by jewellers and as good monsoon rainfall is expected to boost demand in rural areas during the upcoming festive season, a leading refiner told Reuters.

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Sunday, August 13 2017

The Mechanics Of The Chinese Domestic Gold Market

The Chinese gold market is the world’s largest physical gold market. It is also one of the world’s most protected gold markets given that the importation of gold into China is still strictly controlled by the Chinese authorities, and the exportation of gold out of China is generally prohibited.

Hence, the market is often referred to as the Chinese ‘domestic’ gold market since gold flows and gold trading in the market are predominantly domestic in nature. Despite these trade restrictions, China still manages to be the largest importer of gold in the world. Furthermore, the Chinese gold mining sector is also the largest producer of gold in the world.

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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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Saturday, August 12 2017

BullionStar Presentation on Real Vision TV - Bullion Banking, ETFs & Physical Gold

The video presentation, which was filmed in London in June 2017, covers the fractional-reserve world of bullion bank trading in the London Gold Market, and also some concerns and risks of gold-backed Exchange Traded Funds. It then wraps up by discussing the benefits and attractions of physical gold ownership in light of the dangers and risks of today’s synthetic gold trading market.

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Friday, August 11 2017

The Fed Has 6,200 Tons of Gold in a Manhattan Basement—Or Does It?

Eighty feet below the streets of lower Manhattan, a Federal Reserve vault protected by armed guards contains about 6,200 tons of gold.

Or doesn't.

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Glint is a stealthy London fintech startup that promises to turn gold into a ‘new global currency’

The Glint website describes the startup as “a new global currency, account and app” and says it will make your money “reliable and independent” and give you more control in the way you “store, spend, exchange and transfer money”.

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Thursday, August 10 2017

Performance Bond Requirements: Gold/Silver

CME raises gold & silver margins by approx 8%

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Top gold scientists solve mining’s growth problem

Here’s something few investors know.

The gold mining industry is massively depleting its reserves, not finding new deposits fast enough, and could be on the cusp of its most profitable turning point ever.

Gold mine supply will peak in 2019 and continue falling through at least 2025, according to BMO Capital Markets and Bloomberg.

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Tuesday, August 8 2017

Fred Hickey Warns "It's Only Question Of When The Tech Time Bomb Goes Off"

So just as this is an extraordinarily dangerous moment in the tech world and in the overall stock market it is just as an extraordinary moment being long gold and especially the gold mining stocks.

But I’m involved in a group of alternative FANG stocks, the gold FANGs: Franco Nevada, Agnico-Eagle Mines, New Gold and Goldcorp.

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Payment in gold bullion banned under new law to combat tax evasion

Companies will no longer be able to pay employees their salaries in gold bullion in the first use of a new law designed to combat “morally repugnant” tax avoidance schemes.

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Turkey Gold/Silver Imports

Turkey imports 62.8 tonnes of gold in July

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Chinese Gold Reserves

China adds zero gold to it's reserves in July

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Monday, August 7 2017

Gold Price: USD 65,000/oz in 5 years?

Financial market prices are generally set by the trading venues which command the highest trading volumes and liquidity. This is also true of the gold market where the venues with the highest gold trading volumes - the London over-the-counter and COMEX gold futures markets – establish the international gold price.

However, these two gold markets merely trade paper gold claims in the form of unallocated gold positions (London Gold Market) and gold futures derivatives (COMEX). This trading creates paper gold supply out of thin air and is also highly leveraged and fractional in nature since the paper gold claims are only fractionally backed by real physical gold.

Although these highly leveraged synthetic gold trades have nothing to do with the transacting of physical gold, perversely they still establish the international gold price because physical gold markets merely inherit the gold prices derived in these ‘high liquidity’ paper gold markets.

BullionStar maintains that these paper gold markets cannot price physical gold accurately because they don’t trade physical gold, instead they trade infinitely scalable fractional claims on a smaller amount of physical gold. The international gold price is thus an artificial gold price totally removed from supply and demand in the physical gold markets.

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Sunday, August 6 2017

How Many Gold Bars Do London Vaults Hold

Courtesy of UBS, below we present extended observations on what the LBMA data reveal, and the implications for the broader gold market in general, as well as investing in the precious metal in particular.

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Saturday, August 5 2017

Transparent Precious Metal Holdings - Gold/Silver

Flows this week

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