Sunday, February 25, 2024

The PBoC Manipulates the SGE Gold Price

by Jan Nieuwenhuijs, Gainesville Coins:

By obstructing gold import and export the People’s Bank of China (PBoC) greatly amplifies the gold premium or discount on the Shanghai Gold Exchange (SGE) relative to metal traded in London. In the past 12 months the PBoC has restricted gold import to curb capital flight and defend the renminbi, resulting in exaggerated SGE premiums. With these interventions the Chinese central bank risks the gold market it supervises from functioning properly, and stagnates internationalization.

Don’t Dismiss the Possibility of Gold Confiscation

by Doug Casey, International Man:

If you hold precious metals in your portfolio, there is a good chance you fear hyperinflation and the crash of fiat currencies.

You probably distrust governments in general and believe they are self-serving and have no interest in your economic well-being. It is likely that your holdings in gold are your lifeline – your hope to get you through these times while holding on to your wealth.

But have you ever given any thought to the possibility of having this lifeline confiscated by the authorities?

GOLD PRICE ROSE BY $0.35 TO $1919.15//SILVER WAS DOWN 8 CENTS TO $22.91

by Harvey Organ, Harvey Organ Blog:

Access prices: closes 4: 15 PM

Gold ACCESS CLOSE 1919.00

Silver ACCESS CLOSE: 22.91

USD  oz    PopupAM1973.52

PM1973.83

Historical SGE Fix

New York price at the time:  $1920.00

premium  $53.00

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Bitcoin morning price:, $25,832 DOWN 45  Dollars

Bitcoin: afternoon price: $25,790 DOWN 87 dollars

 

Platinum price closing  $895.35 DOWN  $14.15

Palladium price;     $1198.00 DOWN $19.90

END

Due to the huge rise in the dollar, we must look at gold and silver in currencies other than the dollar to understand where we are heading

I will now provide gold in Canadian dollars, British pounds and Euros/4: 15 PM ACCESS

COVID 19 PROVEN TO COME FROM WUHAN LAB

by Harvey Organ, Harvey Organ Blog:

ANOTHER T.A.S. INDUCED GOLD AND SILVER RAID: GOLD CLOSED DOWN $7.10 TO $1955.50, SILVER CLOSED DOWN $.26 TO $23.98//PLATINUM CLOSED DOWN $19.95 TO $994.15 WHEREAS PALLADIUM CLOSED UP $22.45 TO $1346.85//IMPORTANT GOLD COMMENTARIES TODAY FROM MATHEW PIEPENBURG AND MICHAEL MAHARRY OF SCHIFFGOLD//ALSO AMBROSE EVANS PRITCHARD ON THE PLIGHT OF CHINA AND WHAT IT MEANS TO US://CHINA AND USA CONFIRM THAT CHINA ORCHESTRATED SPY RINGS IN CUBA SPYING ON USA//GERMANY WILL HAVE ENERGY PROBLEMS FOR QUITE SOME TIME//COVID 19 PROVEN TO COME FROM WUHAN LAB//LAW SUITS FLYING OVER COVID VACCINE/DR PAUL ALEXANDER//SLAY NEWS/EVOL NEWS//UPDATES ON RUSSIAN UKRAINE WAR//UPDATES ON CANADIAN FIRES AND QUALITY OF AIR//HUGE SWAMP STORIES FROM GATEWAY PUNDIT ON THE CROOKED BIDEN FAMILY

EU HAS A HOUSING CRISIS (HIGH MORTGAGE PAYMENTS)AS WELL AS CORPORATES WHO TOOK ONE HUGE DEBT DURING THE PANDEMIC

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED UP $4.65 TO $1923.65//SILVER ROSE SMARTLY UP 44 CENTS TO $22.80//PLATINUM CLOSED UP $6,90 TO $928.95//PALLADIUM CLOSED UP $32.65 TO $1315.45//IMPORTANT VIDEO TO SEE: ANDREW MAGUIRE INTERVIEWING CRAIG HEMKE//CHINA’S ECONOMY IMPLODING//EU HAS A HOUSING CRISIS (HIGH MORTGAGE PAYMENTS)AS WELL AS CORPORATES WHO TOOK ONE HUGE DEBT DURING THE PANDEMIC//RUSSIA’S MUTINY EXPLAINED VIA TOM LUONGO AND STEVE BROWN//UPDATES ON THE PRIGOZHIN AFFAIR //UK GOVERNMENT: EXCESS DEATHS IN THE UK OVER 500 PER WEEK//OTHER COVID/VACCINE RELATED COMMENTARIES VIA PAUL ALEXANDER/EWOL NEWS/SLAY NEWS//MISES REPORTS A DRAMATIC SHIFT SOUTHBOUND IN MONEY SUPPLY INDICATING A DEPRESSION LEVEL TUMBLE

GOLD CLOSED UP $5.50 TO $2026.00//SILVER CLOSED DOWN $0.09 TO $23,77

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED UP $5.50 TO $2026.00//SILVER CLOSED DOWN $0.09 TO $23,77//PLATINUM CLOSED DOWN $11.10 TO $961.90 WHILE PALLADIUM CLOSED UP $70.90 TO $1182.80/MUST VIEW PODCAST: ANDREW MAGUIRE LIVE FROM THE VAULT//ISRAELI VS HAMAS WAR UPDATES//COVID UPDATES/DR PAUL ALEXANDER/SLAY NEWS ETC//SWAMP STORIES FOR YOU TONIGHT

RAFI FARBER: HERE’S WHERE ALL THAT JP MORGAN SILVER WENT

from Arcadia Economics:

TRUTH LIVES on at https://sgtreport.tv/

A DISORDERLY RESET WITH GOLD REVALUED BY MULTIPLES

by Egon Von Greyerz, Gold Switzerland:

Tectonic shifts lie ahead. These will involve a US and European debt crisis ending in a debt collapse, a precipitous fall of the dollar and the Euro with Gold emerging as a reserve asset but at multiples of the current price.

The next phase of the fall of the West is here and will soon accelerate. It has been both precipitated and aggravated by the absurd sanctions of Russia. These sanctions are hurting Europe badly and affecting the US in a way that they didn’t expect, but was obvious to some of us. The Romans understood that free trade was essential between all the countries that they conquered. But the US administration blocks have both the money and the ability to trade of the countries they don’t like.

BIG NEWS OF THE DAY FROM BRICS: SAUDI ARABIA AND OTHER GULF NATIONS WILL JOIN IN JAN 2024 OF WHICH ENDS THE PETRO DOLLAR SCHEME AND THE NEW PETRO YUAN WILL BEGIN

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED UP $0.65 TO $1919.25//SILVER CLOSED DOWN $0.16 TO $24.18//PLATINUM CLOSED UP $4.60 TO $940.30//PALLADIUM CLOSED DOWN $42.60 TO $1236.70//BIG NEWS OF THE DAY FROM BRICS: SAUDI ARABIA AND OTHER GULF NATIONS WILL JOIN IN JAN 2024 OF WHICH ENDS THE PETRO DOLLAR SCHEME AND THE NEW PETRO YUAN WILL BEGIN//UKRAINE VS RUSSIA UPDATES//TURKEY RAISES ITS INTEREST RATE TO 25% AND THAT SENDS THE LIRA NORTHBOUND//COVID UPDATES/VACCINE UPDATES//SLAY NEWS//NEWS ADDICTS/EWOL NEWS//USA BANKRUPTCIES ON THE RISE//THE FOLLOWING RETAILERS CRUMBLE: DOLLAR TREE//T- MOBILE/

HUGE AMOUNT OF FUNDS LEAVING BANK DEPOSITS AND ENTERING THE MONEY MARKET FUNDS

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED DOWN MARGINALLY TO THE TUNE OF $0.40 AFTER BEING WHACKED THROUGHOUT THE NIGHT: GOLD CLOSED DOWN $0.40 TO $2014.75//SILVER WAS DOWN 26 CENTS TO $23.97//PLATINUM WAS DOWN $35.85 TO $1061.25 WHILE PALLADIUM WAS DOWN $39.70 TO $1518.70//IMPORTANT COMMENTARY TO READ OVER THE WEEKEND: ALASDAIR MACLEOD/IMPORT VIDEO TO SEE ANDREW MAGUIRE INTERVIEWING DAVID TICE//COVID UPDATES: DR PAUL ALEXANDER/VACCINE IMPACT/EVOL NEWS/SLAY NEWS//UPDATE ON THE DEBT CEILING//H4 NEWS ON THE HUGE AMOUNT OF FUNDS LEAVING BANK DEPOSITS AND ENTERING THE MONEY MARKET FUNDS//HUGE UPDATES ON THE IMMIGRATION CRISIS FACING THE USA

BRICS Nations To DESTROY U.S. Dollar: Gold Backed BRICS Currency To SHATTER Global Order

from Stew Peters Network:

TRUTH LIVES on at https://sgtreport.tv/