Shanghai Gold Exchange Withdrawals Week Ended March 27, 2105

Shanghai gold exchange withdrawals compared to global gold mining production

The Shanghai Gold Exchange. Gold Withdrawals on the Shanghai Gold Exchange. The Shanghai Gold Exchange delivered 45.719 tonnes of gold during the week ended March 27, 2015. Withdrawals of gold on the Shanghai Gold Exchange are about 610 tonnes to date in 2015; up 9% from 2014 year to date. Chinese Gold Mining Production Gold Read More →

Cash is Not A Convenient Store of Value – Janet Yellen

Cash Is Not a Convenient Store Of Value. As bad economic news continues to roll in, the Fed publically remains undaunted and insists rate hikes are on the horizon. Distortions created by quantitative easing are apparent and worsening. The few bits of good economic news are met with media exclamations of “robust!” and “solid” Poor Read More →

The Silver to Gold Sales Ratio March 2015

American Silver Eagle sales 1986-2015 chart

Silver and Gold Sales at the U.S. Mint in March 2015 March sales of 3,519,000 American Silver Eagles bring the year to date sales to 12,071,000 behind 2014’s record pace. Sales of one ounce American Gold Eagle sales were up in March to 35,000 from 12,500 in February. U.S. Mint Sold 100.54 times more American Read More →

Gold Price in World Currencies – 1st Quarter 2015

gold vs the Euro q1 2015 chart

Gold Price in World Currencies First Quarter 2015. Gold Closes the First Quarter of 2015 Flat Against the Dollar; Higher Against Most Major Currencies. The U.S. Dollar Index rose nearly 9% in the first quarter, gold kept pace. Gold vs. Major World Currencies in the First Quarter of 2015 Gold Doesn’t Perform, it Endures. Here Read More →

SHANGHAI GOLD EXCHANGE WITHDRAWALS FOR THE WEEK ENDED MARCH 20, 2015

shanghai gold exhange gold withdrawal chart

The Shanghai Gold Exchange. Gold Withdrawals on the Shanghai Gold Exchange. The Shanghai Gold Exchange delivered 53.470 tonnes of gold during the week ended March 20, 2015. Withdrawals of gold on the Shanghai Gold Exchange are about 542 tonnes to date in 2015. Volume of Gold Delivered on the Shanghai Gold Exchange Here is Nick Read More →

What are SDRs?

What are SDRs? SDRs vs. Gold and Silver SDRs or Special Drawing Rights were created in 1969 by the International Monetary Fund (IMF). SDRs were intended to provide central bank liquidity for expanding trade that could not be met by dollars or gold. SDRs are reserve assets based on the value of a basket of Read More →

Public Patience Wearing Thin About The Economic Recovery Narrative

The Fed Removes the Word “Patience”. The Fed tries to prepare the markets for a rate hike, insisting the economy is doing better. The housing and economic recovery narratives incessantly peddled by the mainstream media are wearing thin as a stream of poor economic data pours in contradicting the narrative. Podcast Summary: Introduction:0:00-5:40 What Does Read More →

Shanghai Gold Exchange Withdrawals For the Week Ended March 13, 2015

Shanghai Gold exchange withdrawals gold chart

The Shanghai Gold Exchange. Gold Withdrawals on the Shanghai Gold Exchange. The Shanghai Gold Exchange delivered 51.456 tonnes of gold during the week ended March 13, 2015. Withdrawals of gold on the Shanghai Gold Exchange are about 508 tonnes to date in 2015. Volume of Physical Gold Delivered on the Shanghai Gold Exchange so far Read More →

Russia Halts Gold Purchases For Second Month in A Row

Russian Gold Reserves. Russian Gold Purchases in February 2015. Russia Reduces its U.S. Treasury Holdings to $82.2 billion in January 2015 from $86.0 billion in December 2014 and $131.8 billion in January 2014. Russian gold reserves remain constant as it adds no further ounces of gold to its reserves in February 2015. Russia ends February Read More →

There Are No Currency Wars

There are no “Currency Wars”. There are no currency wars – just coordinated central bank manipulations. Central Banks are in a coordinated relay race to debase with each central bank taking turns debasing their currencies. “Currency Wars” is an often repeated urban meme. Podcast Summary 0:00-5:00 Introduction Retail Sales 5:00-9:18 the U.S economy is based Read More →