Saturday, January 6 2018

Tocqueville Gold Strategy Fourth Quarter 2017 Investor Letter

In our opinion, when the make-believe world of synthetic gold, algorithmic trading, ETFs, fake interest rates, and passive investment collide with the realities of an uncontrollably rising budget deficit and mismatches between surrogates and underlying assets, gold (the real asset) will benefit. To us, it is obvious that the US and other Western governments are simply printing money to service their own debt. When is the tipping point of public recognition of these facts? Perhaps as soon as 2018 or 2019. The catalysts will be higher inflation and interest rates, and lower financial-market valuations. There is no way to predict the moment, but it seems to us that an eventual loss of confidence in paper currencies, including the US dollar, is inescapable, and most likely coming sooner rather than later. It is not, in our opinion, too soon to embrace exposure to gold.

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Friday, January 5 2018

Invest 1% of Ghana’s reserves in bitcoin

Mr Ndoum said central banks in Africa “may buy euros, Swiss franc, or Australian dollar or New Zealand dollars but they can also invest in this bitcoin because big investors in the world believe that this bitcoin will be a new digital reserve currency and reserve currencies are for central banks, and the central banks also have the technical capability to make a decision on this.”

He believes that the digital currency is the future of value and banking, “They central bank have the people and staff who can study the technology, the regulation and can make a decision.”

What if this continent could finally build consensus around a new digital reserve asset – and figure out ways to fund infrastructure development by leveraging it?

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Thursday, January 4 2018

Gold reserves at Turkey’s Central Bank hit record high following dollar exchange policy

The Turkish Central Bank’s gold reserves have reached a record-high 564.8 tons, mainly due to the Bank’s policy of replacing a large amount of U.S. dollar reserves with billions.

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The Gold Owner's Guide to 2018

2017 will be recorded as a transition year for gold; 2018, in my opinion, will go down as the year gold reasserted itself as a primal force in the global financial marketplace.

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Wednesday, January 3 2018

IntraDay Gold

The week that was - when Governments & Corporations were on holiday...lol...

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Intraday Averages For Gold/Silver

Intraday averages for December

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India gold imports surge 67 percent in 2017 on restocking, retail demand

India’s gold imports surged 67 percent in 2017 from the previous year to 855 tonnes as jewellers replenished inventory amid a rebound in retail demand, provisional data from precious metals consultancy GFMS showed.

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Tuesday, January 2 2018

US Mint Coin Sales

US Mint coin sales for December

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India Gold/Silver Imports

Indian imports for November.

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Bitcoin 2017

The disrupter

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Gold 2017

Nice moves - ready to take out old highs & make new highs...

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Monday, January 1 2018

Gold, Silver Predictions 2018

A major shift in sentiment will drive prices in the new year.

2017 will be recorded as a transition year for gold; 2018, in my opinion, will go down as the year gold reasserted itself as a primal force in the global financial marketplace.

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Saturday, December 30 2017

US gold of low purity & that's why audit of reserves will never be allowed

“The entire story around the US gold reserves is opaque and secretive. There has never been a full independent audit of the US gold reserves, and the custodians of the gold, the US Mint and the Federal Reserve of New York will not let anybody into the vaults to view the gold or to count it."

“Even the details that have been provided on the supposed US gold holdings show that a majority of the gold bars are low purity and in weights that don’t conform to the industry standard ‘Good Delivery” gold bar specifications,” says Manly.

“So even if the US has the amount of gold it claims to have, most of this gold would not be acceptable for trading on the international market, and could only be used in swap transactions with other central banks that wished to swap Good Delivery gold bars for low purity and unusual weight US held gold bars,” he added.

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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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Annual Change in PMs

Palladium the out-performer.

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A Wall Street Pro's View On Bitcoin, Blockchain, & Bullion

I don’t know exactly how it plays out. I still do like gold. I think the great irony is that gold may be the political solution for central banks to stave off crypto. It’s still on their balance sheet. They can move it in mass if they decide to, and do it quicker and more powerfully than any other constituency in the gold market. They can make gold work to their advantage.

I initially liked it because all the central bank and credit money we have in the world justifies a significantly higher gold price just to account for past inflation.

I still think that gold will play a role in trying to reconcile the books of savers in fiat money. I thought that the Fed could easily set a higher price for gold and devalue dollars against gold. And the process of purchasing the gold from marketplace would be highly inflationary.

They could manage a gold standard and we thought that this was an inevitability.

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Thursday, December 28 2017

Twenty Years Ago, Two Men Predicted Bitcoin

Interesting comments on the "digital gold" from way back in the 1990's.

I remember goldbugs citing Lord Rees-Mogg when touting the gold case way back then....(:-)))

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Saturday, December 23 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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