Shanghai Gold Exchange Withdrawal Solid in April

Chinese Silver Panda Coin front

Shanghai Gold Exchange Withdrawals fell 11% in April to 171.174 tons down from 192.250 tons in March. Shanghai Gold Exchange March withdrawals were essential flat from 171.395 tons withdrawn in April 2016. Through April 2017, gold withdrawals were at the second highest level compared to prior years totals through April. Donate To Smaulgld.com via paypal Read More →

People’s Bank of China, Not China, Halts Gold Purchases

Peoples Bank of China Adds No Gold to Reserves in April. Total reported People’s Bank of China gold reserves stand at 1842.6 tonnes – same as October 2016. PBOC foreign reserves rose for the third month in a row, up $20.45 billion in April, to $3.03 trillion. PBOC Foreign Reserves fell approximately $320 billion in Read More →

Value of the Swiss National Bank’s Mining Share Portfolio Falls 30%

Swiss National Bank Gold and Silver Mining Share Portfolio Cut By 30%. Swiss National Bank Overall Equity Portfolio Grows 30% from $62 Billion to $81 billion. Check out all the Smaulgld podcasts here. Not a Smaulgld subscriber? Sign up here. Donate To Smaulgld.com via paypal Swiss National Bank Gold and Silver Mining Share Holdings as Read More →

The Russian Hack that Didn’t Work (On Purpose?)

Emmanuel Macron Defeats Marine Le Pen In French Presidential Race. Gold and Silver Fall; Gold Silver Ratio Tops 75:1. Fed Hints at More Rate Hikes as Economy Slows. Gold Demand In China/India Rises; Falls at U.S. Mint. Check out all the Smaulgld podcasts here. Not a Smaulgld subscriber? Sign up here. Donate To Smaulgld.com via Read More →

Local Currencies Should Be Used In Belt & Road Financing – PBOC President

People’s Bank of China’s President Encourages Use of Local Currencies Along Silk Road. De-Dollarization Accelerates. Does This Mean GAME OVER For the Dollar? Not a Smaulgld subscriber? Sign up here. Donate To Smaulgld.com via paypal The Belt and Road Initiative “At the same time, the use of local currency will gradually reduce the dependence on Read More →

A Real Silver Shortage!

Something Big Happened in the Gold Market To Cause Silver Hoarding. The U.S. Mint Reacted by “Clipping Coins” and Turning On The Printing Press. The Gold Silver Ratio of 15-1 Set Under the Bi-Metallic Standard Failed. Bad Money Drives Out Good Money. Check out all the Smaulgld podcasts here. Not a Smaulgld subscriber? Sign up Read More →

Perth Mint Silver Sales in April

Perth Mint Silver Sales April 2016 - April 2017

Silver sales at the Perth Mint in April were 468,977 ounces down 34.5% from March 2017 sales of 716,283 ounces. Year over year April 2017 Perth Mint silver sales fell 59.6% from April 2016 sales of 1,161,766 ounces. Gold Sales at the Perth Mint in April Were Down 78% from April 2016. Silver Sales at Read More →

India Imported $7.7 Billion in Gold In Feb & March vs $294 Million in Silver

Indian Gold Imports March 2016 - March 2017

Post Demonitization Indians Flock to Gold, Silver not so Much March Indian Gold Imports Surge 342% Post Demonetization. Indian Silver imports remain lackluster. Indian gold imports of 106 tons in March were up 342% from 24 tons in March 2016. Indian silver imports in March of 361 tons were down 20% from 449 tons in Read More →

Perth Mint Dismal April Gold Sales Top U.S. Mint Gold Sales

Perth Mint Gold Sales January 2014 - April 2017

The Perth Mint Sold Just 10,490 Ounces of Gold In April. Gold sales at the Perth Mint Fell Hit Multi-Year Low. April Perth Mint gold sales of 10,490 still top U.S. Mint gold sales of 9,500 ounces. Gold sales at the Perth Mint in April 2017 were down 78% from April 2016 sales of 47,542 Read More →

American Gold Buffalo Sales Add No Relief to Plummeting US Mint Demand

April Sales of American Gold Buffalo Coins down 82% from April 2016. U.S. Mint Sold 3,500 24K one ounce gold coins in April. Total American Gold Buffalo and American Gold Eagle Sales were 9,500 ounces in April. The U.S. Mint sold 3,500 one ounce American Gold Buffalo coins in April down 82% from 19,500 sold Read More →