The People’s Bank of China Added 160,000 Ounces (5.00 Tons) of Gold to Reserves in September. Total reported People’s Bank of China gold reserves stand at 1838.52 tonnes. Pace of Gold Acquisition Continues to Moderate as Chinese Foreign Reserves Fall PBOC foreign reserves fell from $3.19 trillion in August to $3.166 trillion in September. PBOC … Read More →
Gold Sales at the Perth Mint in September 2016 Gold sales at the Perth Mint in September 2016 were up 301% from August 2016 sales of 14,684 ounces. The Perth Mint sold 58,811 ounces of gold in September 2016 were down 12.6% year over year from 67,313 ounces sold in September 2015. Perth Mint says … Read More →
September Perth Mint silver sales of 1,031,858 ounces were up 174% from 376,461 ounces sold in August and up 49% from July sales of 693,447 ounces. Silver sales at the Perth Mint in September were down 71% year over year from September 2015 sales of 3,530,000. Perth Mint: Higher sales in September reflect ‘significant demand … Read More →
Fed Chair Janet Yellen Hints the Fed Buying of Stock Would Be Useful Addition to the Fed’s ‘Tool Kit’. Buying stocks solves the Fed’s problem of raising rates: If stocks fall because rates rise, the Fed can boost them back up by purchasing depressed shares. Fed share buying would harm gold. The Dollar as the … Read More →
Sales of American Gold Buffalo Coins Rise in September. U.S. Mint Sells 17,500 24K one ounce gold coins in September. The U.S. Mint sold17,500 one ounce American Gold Buffalo coins in September, down 20% from 22,000 sold in September 2015. Sales of American Gold Buffalo coins were up 94% from 9,000 sold in August 2016. … Read More →
September 2016 Indian Gold Imports Fall 43% from Last September. Year to Date Indian Gold Imports are Down Approximately 59% Gold Imports Remain Under Pressure From a Nationwide Jeweler Strike, Increased Duties, Taxes and Government Intervention. Indian Gold Imports January – September 2016 Indian gold imports were 30 tons in September (approximately 1,050,000 ounces) /a> … Read More →
Gold Price in World Currencies Third Quarter 2016. Gold Closed the Third Quarter of 2016 Up Flat Gainst Most Major Currencies. Flat third quarter follows gold’s best first half in thirty years. Gold vs. Major World Currencies in the Second Quarter of 2016. Gold Doesn’t Perform, it Endures. Here are some charts showing gold priced … Read More →
U.S. Mint September 2016 American Gold Eagle Sales Report. The U.S Mint sold 79,000 one ounce American Gold Eagle Coins in September up 58% from 50,000 sold in August 2016 and down 20% from 98,500 sold in September 2015. Total ounces of gold attributable to all American Gold Eagle Coins including 1/10, 1/4/ 1/2 and … Read More →
U.S. Mint September 2016 American Silver Eagle Sales Report. Sales of American Silver Eagles in September Fall 56% From 3,804,500 sold in September 2015 to 1,675,000 sold in September 2016. American Silver Eagles sales in September were the lowest September sales since 2007’s sales of 765,000. Year to Date American Silver Eagle Coin Sales at … Read More →
The Fed Launches Another Interest Rate Big Yack Attack. The Most Talked About Rate Hike in History; When jawboning isn’t enough. Yellen discusses possibility of The Fed Buying Stocks. What does it mean for gold? Yellen attacked on Capitol Hill for being politcal. Trump attacks Fed’s independence during the debates. CNN Counters: Fed IS independent. … Read More →
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