U.S. Government Shutdown: Good For Gold Silver & Cryptos?

Government shut down

U.S. Government shutdown over DACA. Republican Congressmen demand release of classified memo. Cryptos crash and rebound. South Korea catalyst for much of the price movement. Bitcoin regulation concerns move to India. St. Louis Fed Issues Report on Bitcoin. Bundesbank to hold some Yuan in reserves. India considering Scraping 10% import duty. Gold backed ahem Oil Read More →

The Central Bank of Russia Added a Record 223 Tons of Gold in 2017

Russian Additions-Subtractions to Gold Reserves 1997 - 2017

Russian Central Bank Adds a record 223 tons of gold to reserves in 2017. Russian Central Bank Adds 300,000 ounces (9.331 tons) of gold to reserves in December. Since June 2015, the Central Bank of Russia has added over 558 tons of gold to reserves. December’s 9.331 ton gold addition brings Russia’s Central Bank holdings Read More →

Russia’s U.S. Treasury Holdings Exceed their Gold Holdings

Russian Holdings of U.S. Treasuries November 2016 - November 2017

Russia Adds to U.S. Treasury Holdings in November; China & Japan Cut Holdings Russian U.S. Treasury holdings rise to $105.7 billion in November – near a 12 month high. Russia’s gold reserves were valued at $76.1 billion at the end of November. Russian U.S. Treasury holdings are up 22% (+$19.1 billion) since November 2016 when Read More →

Perth Mint Silver Sales Fall 21% in 2017

Perth Mint Silver Sales 2017

Perth Mint Silver Sales Finish 2017 Strong Silver sales at the Perth Mint in 2017 were 9,636,408 ounces down 21.3% from 2016 silver sales of 12,236,772 ounces and down 18.2% from 2015 silver sales of 11,775,927 ounces. December Perth Mint silver sales of 874,437 ounces were up 60.6% from 544,436 ounces sold in November. Silver Read More →

Perth Mint 2017 Gold Sales Top U.S. Mint Gold Sales

Perth Mint gold sales in 2017

Gold Sales at the Perth Mint Fell 29% in 2017. Gold sales at the Perth Mint in 2017 were 368,410 ounces in 2017 down 29% from 520,295 ounces sold in 2016 and down 19.4% from 2015 gold sales of 457,132 ounces. Perth Mint Gold Sales of 368,410 ounces topped U.S. Mint Sales of 228,000 one Read More →

Gold Moving to Center Stage

gold spotlight

US debt ceiling uncertainty, Chinese & Korean tensions, dollar weakness and crypto turmoil give gold allure. Copper is still money. Russia shows its gold. China to slow or stop buying US Treasuries? Crypto chicken. South Korea to Ban Bitcoin Trading? Russia to Legalize Crypto Trading. Wealth Effect in Japan from Cryptocurrencies? Gold Near Multi-Year High. Read More →

Indian Silver Imports Steady in November

Indian silver imports 1999-2017 through November

Indian silver imports were flat in November. Indian silver imports were 346.994 tons (11,156,116 ounces) in November. November 2017 Indian silver imports were up 1% from 319 tons imported in November 2016. October silver imports were down 46% from 636.693 tons (20,470,155 ounces) tons imported in October. Indian Imports of 5,019 tons of silver in Read More →

India Imported Over 2.5 Millions Ounces of Gold in November

Indian Gold Imports November 2016 - November 2017

India imported 79.277 tons (2,548,814.74 ounces) of gold in November. Indian gold imports in November were down 27.9% from 110 tons imported in November 2016. November gold imports were up 10.7% from October’s imports of 71.612 tons. Watch the video companion to “INDIA IMPORTED OVER 2.5 MILLIONS OUNCES OF GOLD IN NOVEMBER ” or watch Read More →

Kazakhstan Gold Reserves Approach Those of the United Kingdom

Kazakhstan gold reserves November 2017

The National Bank of Kazakhstan Gold Reserves Close in on 300 Tons. Kazakhstan added 3.73 tons (120,00 ounces) of gold to reserves in November. Total Gold Reserves Stood at 295.7940644 Tons (9.51 million ounces) at end of November 2017. Kazakhstan added 36.1989 tons (approximately 1,163,820 ounces) of gold to reserves in 2016. Through November, Kazakhstan Read More →

American Gold Buffalo Sales Lowest Ever in 2017

Total sales of all american gold buffalo and american gold eagle coins through December 2017

2017 U.S. Mint Sales of American Gold Buffalo Coins Hit All Time Low in 2017. Total U.S. Mint Gold Sales Were Lowest Since 2007. U.S. Mint Sold 99,500 24K American Gold Buffalo one ounce gold coins in 2017. U.S. Mint Sold 724,500 22K American Gold Eagle coins in various denominations representing 302,500 ounces of gold Read More →