In Case You Missed It – Week Ended January 2, 2015. Stories from the week ended January 2, 2015. The main news stories were mostly economic ones revolving around a global slowdown and signs of one in the United States. President Obama is rumoured to be on the verge of issuing an executive order on … Read More →
Gold Priced in World Currencies in 2015. Gold closed 2015 down three years in a row vs. the U.S. Dollar; but higher against many major currencies two years in a row. Gold hit all time highs against the Brazilian Real and Turkish Lira during 2015. Gold vs. Major World Currencies in 2015. U.S. Dollar strength … Read More →
Shanghai Gold Exchange Withdrawals. Shanghai Gold Exchange withdrawals were 52.827 tonnes of gold during the week ended December 24, 2015. Total gold withdrawals on the Shanghai Gold Exchange year to date are 2556 tonnes. Average Shanghai Gold Exchange weekly withdrawals in 2015 (50.11 tonnes) are higher than total 2015 COMEX gold deliveries (43.54 tonnes). Withdrawals … Read More →
2015 was an eventful year. Here is how we saw it and you read it: The Top Twelve Smaulgld Posts of 2015: 1. Platinum vs Gold Price. Declining platinum prices drove increased interest in platinum and the gold/platinum ratio. Views: 37,122 2. Gold Reserves by Country – We displayed and updated the gold reserves by … Read More →
Another Sound Money Initiative from Switzerland. Swiss Sovereign Money Initiative would require private banks to hold 100 percent reserves against their deposits. Initiative launched by the Swiss Association for Monetary Modernization would outlaw fractional reserve banking. A Swiss group, the Swiss Association for Monetary Modernization (SAMM) has gained the necessary signatures to force a ballot … Read More →
In Case You Missed It – Week Ended December 26, 2015. Stories from the week ended December 26, 2015. The week was light on news stories during the days preceeding Christmas. The main economic news of the week was related to digesting new U.S. economic data in the aftermath of the Fed’s rate hike the … Read More →
Shanghai Gold Exchange Withdrawals. Shanghai Gold Exchange withdrawals were 51.75 tonnes of gold during the week ended December 17, 2015. Total gold withdrawals on the Shanghai Gold Exchange year to date are 2503 tonnes. Average Shanghai Gold Exchange weekly withdrawals in 2015 (49.09 tonnes) are higher than total 2015 COMEX gold deliveries (35.6 tonnes). Withdrawals … Read More →
Zimbabwe Grants Chinese Yuan Official Currency Status. China forgives $40 Million in debt in exchange for official currency status for the Yuan. During the famous Zimbabwe hyperinflation of the mid 2000’s, residents of that nation survived by abandoning their nation’s currency and engaging in barter and using U.S. Dollars and South African Rand. In a … Read More →
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