Gold For Smoking and Munching

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Gold For Smoking and Munching Gold Smokes and Edibles Trend higher. Gold served as edible/smokable consumables becomes fashionable. Update: Mcdonald’s Japan promotion: an 18K Chicken McNugget Update: Pizza Hut to give away $100 gold covered 50th anniversary Super Bowl pizza Update: Popcorn drenched in 23K gold – $5 per kernel! Update: Gold for SHAVING? Gold Read More →

China Flexes its Gold Muscle

chinese gold mining production 2000-2015

China Warns Foreign Banks: Participate in the Chinese Yuan Based Gold Price Fix… or Else. Foreign banks that traditionally support the London and New York dollar denominated gold price fixes may lose Chinese gold import rights if they do not support the soon to be launched Chinese Yuan gold price fix. Chinese Yuan gold price Read More →

Silver and Gold Sales at the U.S. Mint 2015

American gold buffalo coin sales 2006-2015

Silver and Gold Sales at the U.S. Mint in 2015. United States Mint Sets American Silver Eagle Sales Record in 2015. American Silver Eagle sales record of 47,000,000 achieved despite production halt in July and restrictive allocations to Authorized Purchasers in second half of the year. 2015 American Gold Eagle sales were a modest 801,500 Read More →

Gold Price vs. World Currencies in 2015

gold vs argentine peso december 31 2015

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 Week Ended December 24, 2015

shanghai gold exchange withdrawals vs comex deliveries in 2015

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 →

Shanghai Gold Exchange Withdrawals Week Ended December 17, 2015

shanghai gold exchange withdrawals Dedcember 17 2015

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

gold vs the zimbabwe dollar

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 →

Shanghai Gold Exchange Withdrawals Week Ended December 10, 2015

sge vs comex week 50 2015

Shanghai Gold Exchange Withdrawals. Shanghai Gold Exchange withdrawals were 45.99 tonnes of gold during the week ended December 10, 2015. Total gold withdrawals on the Shanghai Gold Exchange year to date are 2,451 tonnes. Average Shanghai Gold Exchange weekly withdrawals in 2015 (49.03 tonnes) are higher than total 2015 COMEX gold deliveries (35.6 tonnes). Withdrawals Read More →

Russia Adds 700,000 Ounces of Gold To Reserves In November

russian central bank gold reserves 2009 -2015 november

Russian Gold Reserves. Russian Central Bank Gold Reserves November 2015. Russia added 700,000 ounces (21.77 tonnes) of gold to its reserves in Novemberr. Increase in Russian Gold Reserves of 186 tonnes in 2015 is a record, surpassing record set in 2010 of 176 tonnes. Russia Boosts Gold Reserves; sells U.S. Treasury Holdings. Year to date Read More →

Why The Fed Raised Interest Rates

The Federal Reserve Bank formed in 1913 has debased the dollar nearly 99% since inception

The Fed Raises Interest Rates. Quarter Point Rate Hike. Why the Fed Raised Interest Rates. A Rate Hike, Finally As predicted, the Federal Reserve announced a quarter point rate hike today. All year we have said all year, the Federal Reserve would raise rates by the end of the year, to stay ahead of the Read More →