Key Events in the Gold Market in 1972. World’s First Futures Market Opens in Winnipeg in November 1972. Gold Hits Record $70 per Ounce. Gold Remains an “Attractive Reserve Asset”. Check out all the Smaulgld podcasts here. Not a Smaulgld subscriber? Sign up here. Donate To Smaulgld.com via paypal The State of the Gold Market … Read More →
Cumulative Events Over Time Often Lead To Explosive Moves in Precious Metals. The Price of Gold Went From $35 an Ounce in 1971 to $800 an Ounce in 1980. In a Post QE World is History Set to Repeat? Gold’s Bull Market 1971-1980 It didn’t all happen at once. In August of 1971, Richard Nixon … Read More →
J.P. Morgan Chase and HSBC control vast amounts of gold and silver via holdings in their COMEX warehouses and ETF custodial arrangements. J.P. Morgan is the largest COMEX hoarder of silver and custodian of the largest silver ETF. HSBC is the largest COMEX hoarder of gold and custodian of the largest gold ETF. How much … Read More →
February Indian Gold Imports Show Signs of Renewed Demand. Indian gold imports of 89.152 tons rose 65% in February from January imports of 53.878 tons. February 2017 Indian gold imports were up 148% from 36 tons in February 2016. Indian Gold Imports February Indian gold imports were 89 tons, a 65% increase from January and … Read More →
Last week Dave and I from the X22 Report sat down prior to Trump’s missile strike on Syria to discuss the US economy, the precious metals markets and the impact that a Russian/Chinese gold payments plan may have on the price of gold. Please have a listen: Check out all the Smaulgld podcasts here. Not … Read More →
Peoples Bank of China no Gold to Reserves in March. The People’s Bank of China Added No Gold to Reserves in November 2016 and sold 20.97 tons of gold in December 2016, added back 6.91 tons in January and 14.07 tons in February. Total reported People’s Bank of China gold reserves stand at 1842.6 tonnes … Read More →
Trump Reverses Course, Orders Tomahawk Missile Strike on Syria. Richmond Fed President Jeffery Lacker Resigns After Admitting Leaking Confidential Information. Gold and Silver Prices Whipsaw. Check out all the Smaulgld podcasts here. Not a Smaulgld subscriber? Sign up here. Donate To Smaulgld.com via paypal Top stories: Neil Gorsuch was confirmed to the Supreme Court. Trump … Read More →
The Perth Mint Sold 22,232 Ounces of Gold In March. Gold sales at the Perth Mint Fell Below 26,000 Ounces a Month For the Second Month in a row in March. March 2017 Perth Mint Gold Sales Were 53.6% Lower than March 2016 Gold Sales of 47,948 Ounces. Gold sales at the Perth Mint in … Read More →
Turkey Announces a Series of Gold Initiatives. President Tayyip Erdogan call on citizens to buy gold. Turkish gold imports soar. Turkey to increase gold mining production. Turkey introduces gold monetization scheme. Turkey to boost gold reserves. Turkey and Gold Check out all the Smaulgld podcasts here. Not a Smaulgld subscriber? Sign up here. Donate To … Read More →
March Sales of American Gold Buffalo Coin up 21% from March 2016. U.S. Mint Sold 8,500 24K one ounce gold coins in March. Total American Gold Buffalo and American Gold Eagle Sales were 29,500 ounces in March. The U.S. Mint sold 8,500 one ounce American Gold Buffalo coins in March, up 21.4% from 7,000 sold … Read More →
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