Can Anyone Predict the Price of Gold?

Muppets with Petrock for goldman sach

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 Fall 46% in August

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 August 2016 gold withdrawals were 45.6% lower compared to 265.27 tonnes withdrawn in August 2015.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 →

Perth Mint Gold Sales Slide 53% in August

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 →

People’s Bank Of China Adds Five Tons of Gold To Reserves in August

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 →

Perth Mint Silver Sales Crash In August

August Perth Mint silver sales of 376,467 ounces were down 46% from 693,447 ounces sold in July and down 69% from June sales of 1,220,817 ounces. Silver sales at the Perth Mint in August were down 47% year over year from August 2015 sales of 707,656. Perth Mint: lower sales in August ‘reflected the trend Read More →

Indian Gold Imports Down 60% Through August

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 →

Gold and Silver Confiscation? – Smaulgld Podcast on Kennedy Financial

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 →

Swiss National Bank Increases Its Equity Holdings – ICYMI – Week Ended September 3, 2016

swiss flag

Central Bank Market Intervention Continues. Fed Launches Another Rate Hike Yack Attack. Top Gold And Silver Stories from the week ended September 3, 2016. The top story of the week more revelations regarind Hillary Clinton’s “email woes”. Devices smashed with a hammer by aides. Top economic story of the week: Non Farm Payroll a big Read More →

Mexico Dumps US Treasuries as Trump Marches Closer to Presidency

Mexican Holdings of US Treasury Securities Have Fallen 40% Since Trump Announced His Candidacy For President. Selling of US Treasuries Accelerated as Trump Racked up Primary Victories and Clinched the Nomination. Trump’s Push for Wall Paid For By Mexico Prompts Mexican Expropriation of Foreign Assets Push by Mexican Lawmaker. Is Mexico Preparing for Trade Showdown Read More →

American Gold Buffalo Coin Sales Level Off In August

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 →