Why have all Chinese banks disappeared from the LBMA Gold Price auction?

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October 25, 2023

by Ronan Manly, BullionStar:

There has been an unprecedented departure of all the Chinese banks from the LBMA Gold Price auctions.

These departures have gone uncommented by the LBMA, the FCA, the mainstream media, the auction administrator ICE Benchmark Administration, and by the Chinese banks themselves.

The exit of the Chinese banks raises questions as to what this has done to the auction liquidity and price discovery as the auctions are not reflecting supply and demand of gold from China – the world’s largest gold miner, gold importer and gold consumer.

Bullion Dealer Shows Newest Fake Gold Coins From CHINA

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November 8, 2023

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from Silver Dragons:

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

The Gold/Silver Ratio Says Silver’s Still Cheap

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February 16, 2024

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by Peter Schiff, Schiff Gold:

The silver price has dipped since December, from almost $26 per ounce to around $22 today. We reported on silver being a relative bargain at the time, and with lower spot prices and an even higher gold/silver ratio today, gold’s monetary sibling is looking like an even more attractive buy than it was late last year.

The gold/silver ratio refers to how many ounces of silver would buy a single ounce of gold, and at one point, the number was fixed by law. A lot has changed since then, with gold no longer backing the US dollar, and a whole array of precious metals-linked financial products like futures and ETFs adding to the complexity of the market.

Will the BRICS Dethrone the U.S. Dollar?

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August 29, 2023

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by Daniel Lacalle, DLacalle:

Are the BRICS a threat to the U.S.?

The summit of the so-called BRICS (Brazil, Russia, India, China, and South Africa) has closed with an invitation to join the group extended to the Emirates, Egypt, Iran, Saudi Arabia, Argentina, and Ethiopia.

The summit has generated a lot of headlines about the impact of this widespread group of nations, including speculation about the end of the U.S. dollar as a global reserve currency if this group is perceived as a threat to the United States or even the International Monetary Fund.

Several things need to be clarified.

COMEX Silver and the GDX | Gold and Silver Price Analysis

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June 21, 2023

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by Craig Hemke, Sprott Money:

The price of gold is up over $100 year-to-date and yet precious metal enthusiasts are suffering through some of the worst sentiment and depression on record. Why? It’s hard to say, but the performance of the mining shares thus far in 2023 has a lot to do with it.

Let’s start with the gold price. As I type this on June 20, COMEX gold is up $118 on the year or about 6.5%. This is right in line and moving toward the annual average gain since the new century began, as you can see below in this chart from Ronnie Stoeferle and his team at Incrementum.

GoldSeek Radio Nugget — Bill Murphy

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December 20, 2023

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from GoldSeek Radio:

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

FOOLISH GERMANY PASSES A NEW GREEN ENERGY BILL TO COST IN THE TRILLIONS

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September 13, 2023

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by Harvey Organ, Harvey Organ Blog:

GOLD PRICE CLOSED DOWN $11.30 TO $1912.40//SILVER CLOSED UP ONE CENT TO $23.11//PLATINUM CLOSED UP $10.45 TO $912.50//PALLADIUM CLOSED UP $24.65 TO $1241,75//IMPORTANT GOLD COMMENTARY/PODCAST TODAY FROM PETER SCHIFF//FOOLISH GERMANY PASSES A NEW GREEN ENERGY BILL TO COST IN THE TRILLIONS//ISRAEL SOUNDS ALARM BELL ON POTENTIAL RUSSIAN ARMS SELLING TO IRAN//COVID UPDATES//VACCINE UPDATES//DR PAUL ALEXANDER//SLAY NEWS//NEWS ADDICTS/EVOL NEWS//USA NEWS: THE HOUSE TO HOLD IMPEACHMENT INQUIRY//STILL NO AGREEMENT ON UAW VS CAR INDUSTRY//CRE STILL IN BIG TROUBLE IN THE USA ALONG WITH THE BANKS

JP Morgan Gold Traders go to Jail, while JP Morgan exits DoJ ‘Sin Bin’

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October 17, 2023

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by Ronan Manly, BullionStar:

There have been some interesting developments in the long running saga of criminal prosecutions by the US Department of Justice (DoJ) against J.P. Morgan and its lawbreaking traders for precious metals price manipulation and fraud.

While three of JP Morgan’s top former gold traders were sentenced to jail in late August and September 2023, JP Morgan itself walks free after now having exited its 3 year-long Deferred Prosecution Agreement (DFA) with the US Department of Justice (DoJ) – an agreement which was signed in late September 2019, but began on September 29, 2020 and which expired in late September 2023.

Gold ETFs Record Net Inflows for Second Straight Month in April

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May 11, 2023

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by Peter Schiff, Schiff Gold:

For the second straight month, gold flowed into ETFs in April.

Globally, gold-backed ETFs reported net inflows of 15 tons last month, reflecting an increase of about $824 million.

This follows on the heels of a 32-ton increase in ETF gold holdings in March after 10 straight months of net outflows.

VINCE LANCI: WHY I BOUGHT SILVER TODAY

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January 23, 2024

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from Arcadia Economics:

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

Central Bank Gold Buying Off To A Record-Breaking Start In 2023, Led By Singapore

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May 8, 2023

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from ZeroHedge:

It may not be the off the charts gold buying observed in the second half of 2022, but central bank Central bank gold buying made a blistering start to 2023 when according to the latest report from the World Gold Council, demand for the hard currency by the world’s money-printing authorities reached 228 tonnes in Q1, a 176% increase compared to the 82.7 tonnes one year ago. While lower than the figures seen in the previous two quarters this was nonetheless the strongest first quarter on record. According to the WGC, “this is all the more impressive considering it follows the record-breaking pace of demand last year.”

VINCE LANCI: THE SILVER PIGGY BANK IS ALMOST EMPTY

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November 27, 2023

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from Arcadia Economics:

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

Silver Supply Inadequate Amid Monstrous Industrial & Investment Demand

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August 2, 2023

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by Jon Forrest Little, Activist Post:

The G7 leaders say they are committed to reaching so-called “net zero” emissions by 2050 after halving global emissions by 2030.

The initiative has many buzz phrases such as building a “just and inclusive” clean-energy economy. The plan vilifies fossil fuels and glorifies “green energy” with sweeping statements asking “stakeholders to improve their ESG performance.”

But most of us are confused by what this all means.

The transition to net zero is moving forward quickly, even though critics believe it’s draconian with respect to its scope and consequences.

Great King’s Days Are Numbered

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July 20, 2023

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by Jim Rickards, Daily Reckoning:

As I’ve been warning my readers, the most significant development in international finance since 1971 will be unveiled just over one month from today.

A new BRICS gold-linked currency will be announced on Aug. 22 at the BRICS Leader’s Summit conference in Durban, South Africa (the BRICS are Brazil, Russia, India, China and South Africa).

The fact is the global desire to move away from the dollar as a medium of exchange for international trade in goods and services has gone from a discussion point to a novelty to a looming reality in a remarkably short period of time.