A Deluge of Anti-Gold Predictions Last Summer Predicting Doom For the Yellow Metal Proved Spectacularly Incorrect. Late July 2015 Gold Bashing Session Marked Bottoming for Gold Prices. Part 1 Gold Authorities – the Experts Gold’s fundamentals never change. The world around it does and you cant predict that – at least not the monetary side. … Read More →
Shanghai Gold Exchange Withdrawals in 2016 Are Down 29% Year Over Year Through August. Shanghai Gold Exchange August withdrawals were 144.438 Tonnes. August 2016 gold withdrawals were 45.6% lower compared to 265.27 tonnes withdrawn in August 2015. Through August 2016, withdrawals of 1235.847 tonnes were 28.5% lower than withdrawals of 1,729.167 tonnes through August 2016. … Read More →
Gold Sales at the Perth Mint in August 2016 The Perth Mint sold 14,684 ounces of gold in August 2016 down 53% year over year from 31,390 ounces sold in August 2015. Gold sales at the Perth Mint in August 2016 were down 13% from July 2016 sales of 16,870 ounces. Perth Mint says lower … Read More →
The People’s Bank of China Added 160,000 Ounces (4.98 Tons) of Gold to Reserves in August. Total reported People’s Bank of China gold reserves stand at 1833.53 tonnes. Pace of Gold Acquisition Slows as Chinese Foreign Reserves Fall PBOC foreign reserves fell from $3.20 trillion in July to $3.19 trillion in August. PBOC Adds Five … Read More →
August 2016 Indian Gold Imports Rise off July’s Multi-Year Monthly Low Level. Gold Imports Remain Under Pressure From a Nationwide Jeweler Strike, Increased Duties, Taxes and Government Intervention. Indian Gold Imports January – August 2016 Indian gold imports were 25 tons (approximately 882,000 ounces) in August up from just 20 tons (approx. 705,500 ounces) in … Read More →
Will gold and silver be confiscated? Why did the United States Government confiscate gold and silver in the 1930’s? Smaulgld on Kennedy Financial Earlier this week, I had the opportunity to be a guest on the Kennedy Financial Channel with John and Phil Kennedy. We discussed the following topics: 1. Real Estate – pending home … Read More →
Sales of American Gold Buffalo Coins Dip Slightly In August. U.S. Mint Sells 9,000 24K one ounce gold coins in August. The U.S. Mint sold 9,000 one ounce American Gold Buffalo coins in August, down 50% from 20,000 sold in August 2015. Sales of American Gold Buffalo coins were down 10% from 10,000 sold in … Read More →
U.S. Mint August 2016 American Gold Eagle Sales Report. The U.S Mint sold 50,000 one ounce American Gold Eagle Coins in August up 67% from 30,000 sold in July 2016 and down 36% from 78,500 sold in August 2015. Total ounces of gold attributable to all American Gold Eagle Coins including 1/10, 1/4/ 1/2 and … Read More →
There are Some Untried Ways That Would Cause Price Inflation. Electronics and Silver May Hold the Key to Higher Inflation. The Consumer Price Index Would Skyrocket if Some of These Measures Were Implemented. The Federal Reserve Says Inflation is Too Low! The official rate of inflation as measured by the United States Bureau of Labor … Read More →
Top Three Sovereign Mints, The U.S., Canadian and Perth Mint Report Collective First Half 2016 Gold Sales up 49.6% U.S. Mint gold sales rose 65.8% in the first half. The U.S., Canadian and Perth Mints sold over 1,310,215 ounces of gold in the first half of 2016. First Half 2016 Gold Sales The Royal Canadian … Read More →