The Dark Side of a Cashless Society. Think going cashless is just about convenience? Here are some downsides of going cashless to make you think again. Part Two of Welcome to the Cashless Society presents the dark side. Welcome to the Cashless Society. Part 2 In Part I of “Welcome To the Cashless Society – … Read More →
In Case You Missed It Stories from the week ended August 22, 2015. Starting on August 16, 2015, Smaulgld.com instituted a “In Case You Missed it” feature. Smaulgld.com now features information and links to relevant third party content in the right hand side bar under the title “In Case You Missed It”. These links will … Read More →
Shanghai Gold Exchange volume for the week ended August 14, 2015. The Shanghai Gold Exchange withdrawals were 65.31 tonnes of gold during the week ended August 14, 2015. Total gold withdrawals on the Shanghai Gold Exchange year to date are 1,585.31 tonnes. Withdrawals on the Shanghai Gold Exchange are running 36.4% higher than last year. … Read More →
Russian Gold Reserves. Russian Gold Purchases in July 2015. Russia added 400,000 ounces (12.5 tons) of gold to its reserves in July. Russia’s Gold reserves since 2009 increase more than China’s. Russia Boosts Gold Reserves and U.S. Treasury Holdings Russian Gold Reserves In Tons Since 2009 Russia has added more than 680 tons of gold … Read More →
American Silver Eagle Premiums. Premiums on one ounce American Silver Eagle coins are at elevated levels. Premiums of 30% on American Silver Eagles are more a function of lower silver prices than a silver shortage. Premiums on other silver products, like privately minted silver bars and rounds have not risen to the same extent as … Read More →
Shanghai Gold Exchange volume for the week ended August 7, 2015. The Shanghai Gold Exchange withdrawals were 56.1 tonnes of gold during the week ended August 7, 2015. Total gold withdrawals on the Shanghai Gold Exchange year to date are 1,520.00 tonnes. Withdrawals on the Shanghai Gold Exchange are running 35% higher than last year. … Read More →
As Global Gold Demand Soars, the World Gold Council Reports a 12% Decline in Global Gold Demand in the Second Quarter of 2015. Official Government Gold Import and Independent Sales Data Seemingly Contradict the World Gold Council Report. Does the World Gold Council report capture the true nature of global gold demand? The World Gold … Read More →
China Devalues its Currency China’s devaluation puts the U.S. Federal Reserve in a bind. Devalued Yuan is Dollar Negative Long Term. A devalued Yuan should create more demand for Chinese products and use of the Yuan as an international transactional currency. Should the U.S. follow China’s lead and devalue the dollar? or should the Fed … Read More →
Shanghai Gold Exchange volume for the week ended July 31, 2015. The Shanghai Gold Exchange withdrawals were 53.34 tonnes of gold during the week ended July 31, 2015. Total gold withdrawals on the Shanghai Gold Exchange year to date are 1,463.90 tonnes. Withdrawals on the Shanghai Gold Exchange are running 34% higher than last year. … Read More →
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