Central Bank of Russia Continues its Gold Buying Binge in August

Russian Central Bank Gold Reserves June 2015 -August 2017

Russia Adds 500,000 Ounces of Gold To Reserves in August. Since June 2015, the Central Bank of Russia has added about 465 tons of gold to reserves. August’s 15.55 ton gold addition bring Russia’s Central Bank holdings to 1,745 tons; the sixth most of any nation. Overall Russian Reserves rose from $418.447 billion in July Read More →

The Cashless and China Conspiracies

Is Bitcoin a gateway to a casheless society? Was getting libertarians and gold bugs, the groups most likely to oppose a cashless society, to embrace and promote bitcoin, part of the plan? Does Bitcoin promotion accomplish moving capital from gold and silver and dilute the sound money message and divide the sound money advocates? Was Read More →

Indian Gold Imports Spike 143% in July

Indian Gold monthly imports 2016 - 2017 -July

India imported 60.542 tons (1,946,470.5 ounces) of gold in July. Indian gold imports in July were up 143% from 25 tons imported in July 2016. July gold imports were up 14% from June’s imports of 53.1 tons. Preliminary August Indian gold imports were up 69% from August 2016 imports of 26 tons. Watch this report Read More →

August Was One Of The Worst Months for American Gold Buffalo Sales

American Gold Buffalo sales in august 2006 - 2017

August Sales of American Gold Buffalo Coins down 67% from August 2016. U.S. Mint Sold 3,000 24K one ounce gold coins in August vs 9,000 in August 2017. June 2017 sales were worse at 2,000 Total American Gold Buffalo and American Gold Eagle Sales were 12,500 ounces in August down 81% from 67,500 ounces sole Read More →

Why Is The People’s Bank of China Holding Off On Adding Gold?

Peoples bank of china gold reserves 2009 -2017 July

Peoples Bank of China Adds No Gold to Reserves in August. The People’s Bank of China has not added any gold to reserves since they were admitted to the SDR in October 2016. Total reported People’s Bank of China gold reserves stand at 1842.6 tonnes – same as October 2016. PBOC foreign reserves rose for Read More →

Cryptocurrency Status in Turmoil – What’s Next?

CO can stock banned in china from paint

China Bans Initial Coin Offerings. China rumoured to close cryptocurrency exchanges. Russia and Malaysia add to warnings on ICOs. Russia looks to regulate crytpocurrencies. Canadian Regulators Approve Bitcoin Fund. More holes in the Chinese-gold backed Yuan denomminated oil contract story. Gold and silver rise again. Video Commentary to “Cryptocurrency Status in Turmoil – What’s Next?” Read More →

Perth Mint Gold Sales in August Top U.S. Mint Gold Sales Again

Perth Mint vs US mint Gold sales 2016 -2017 through august

The Perth Mint Sold 23,130 Ounces of Gold in August. August Perth Mint gold sales easily topped U.S. Mint total gold sales of 6,500 ounces. Perth Mint gold sales topped the U.S. Mint gold sales for the sixth month in a row. Gold sales at the Perth Mint in August 2017 were up 58% from Read More →

American Gold Eagle Sales Fall Further in August

American Gold Eagle sales in August 1987 - 2017

American Gold Eagle Sales Remain Mired Close to Non-Existant. U.S. Mint sold 6,500 one ounce American Gold Eagles in August down from 13,500 sold in July. One ounce American Gold Eagle sales were down 87% in August from August 2016 sales of 50,000. Total number of American Gold Eagles sold in August were 25,500 including Read More →

Kazakhstan Splashes Into The Top Twenty Gold Holding Nations

Central bank of Kazakhstan gold reserves 2015 - 2017 through July

The National Bank of Kazakhstan Passes The Central Bank of Austria To Claim 19th Place Among Gold Holding Nations. Kazakhstan added 1.866209 tons (60,000 ounces) of gold to reserves in July. Total Gold Reserves Stood at 280.8644 Tons (9.03 million ounces) at end of July 2017. Kazakhstan added 36.1989 tons (approximately 1,163,820 ounces) of gold Read More →

Report: China Planning Gold Backed Chinese Yuan as Payment for Oil

chinese dragon

Nikkei Asian Review Claims China Preparing Gold-Backed Yuan Oil Payment Proposal. Hurricane Harvey swamps Houston. World War II Bomb to be detonated near German Bundesbank where nation’s gold is held. Gold and Silver Post Strong Gains. Cryptos Soar; Bitcoin Reached $5,000; Litecoin closed in on $100. Video Commentary to “CHINA PLANNING GOLD-BACKED CHINESE YUAN AS Read More →