Thursday, April 22, 2021

China Greenlights Massive Increase in Gold Imports

by Peter Schiff, Schiff Gold:

China has opened the door to billions of dollars in gold imports.

Reuters cites five sources indicating that Beijing has greenlighted the import of 150 tons of gold valued at around $8.5 billion at current prices. The report notes that China’sudden appetite for gold could potentially “support global prices.”

China ranks as the world’s gold consumer, but imports plunged during the coronavirus pandemic as local demand for the yellow metal dried up. The Chinese economy rebounded during the second half of 2020, and demand for gold coins, bars and jewelry has recovered.


Neil Woodyer, CEO of Aris Gold Corp joins me to discuss this extremely undervalued company which may well be Neil’s third home run in a career filled with billion dollar mining company successes. Thank for tuning in friends. Always do your own due diligence before making any investment decision. This is not a recommendation to buy or sell any security, this interview is for informational purposes only.

Total World Silver Investment Continues To Put a Huge Squeeze On Global Mine Supply

by Steve St. Angelo, SRSRocco Report:

After total world silver investment put a huge squeeze on global mine supply last year, the same trend continues during the first quarter of 2021.  Investment demand for both physical and ETF silver remains just as strong as it was last year.  This is putting a huge squeeze on the silver market as investors begin to demand “Physical” over “Paper Synthetic” silver.

John Adams in Australia is doing a wonderful job putting a spotlight on the big problems for individuals who have invested in “Unallocated” silver investment at the Perth Mint and now  I’d imagine the number of institutions providing “unallocated silver investment vehicles” will continue to get into trouble as more investors ask for physical demand.  There just doesn’t seem to be enough silver backing these unallocated accounts.

French Town Hall Staff Find Heaps of Gold Coins in Old House

from Sputnik News:

The dilapidated three-storey building, in which the gold bars were discovered, was previously sold to the Morez town hall for €130,000 ($155,765).

Local authorities were perplexed and surprised to discover gold coins and ingots worth more than €600,000 ($718,916) in an old house located in the town of Morez in eastern France, Mayor Laurent Petit has stated.

The three-storey building was earlier purchased by the Morez town hall as part of an urban revitalisation programme that is under way in the Jura department.

Market Report: Gold and silver break-out

by Alasdair Macleod, GoldMoney:

Gold and silver enjoyed an exceptional day yesterday, breaking out of their recent trading ranges on solid buying, reflected in significant increases in Comex open interest for both metals. Preliminary figures indicated that gold’s open interest increased by 16,031 yesterday (Thursday) while the price rose $27.40, and silver jumped 43 cents on an increase in open interest of 3,209 contracts.

In European morning trade today, gold was trading at $1766, up a net $22 on the week, and silver at $25.94, up 70 cents.

Keiser Report | The Great Inflation-Deflation Debate Revisited | E1685

from RT:


In the second half chats to Alasdair Macleod of about whether or not we are heading for inflation, deflation, hyperinflation or hyperdeflation and why it is so difficult to tell.