Russian Gold Reserves May 2016. The Central Bank of the Russian Federation added 100,000 ounces (3.11 tonnes) of gold to its reserves in May. Gold added was the lowest amount since May 2015. Russia now has 1,480 tonnes of gold in reserve; the sixth most of any nation. Russian Gold Reserves After adding 6,700,000 ounces … Read More →
Predictions of a COMEX Default Are Making the Rounds Again Here is why it won’t happen Four Reasons Comex Won’t Default: (in increasing importance) 1. Comex is not a place to buy gold or silver – it is a paper market*; 2. Today, Traders and Society Accept Fractional Reserve Everything; 3. You Don’t Beat the … Read More →
In Case You Missed It – Week Ended June 18, 2016. Top Gold And Silver Stories from the week ended June 18, 2016. New: Click here to see the Smaulgld commentary video to this report below. It was an eventful week with a terrorist attack in Orlando, the Federal Reserve’s decision not to raise interest … Read More →
U.S. Mint Rations One Million American Silver Eagles a Month To Authorized Purchasers To Avoid News of Shortage. News of a shortgage could create panic buying demand that can’t be met. Earlier this week, Rory Hall of the Daily Coin and I held our bi-monthly precious metals update call. We were breifly sidetracked by current … Read More →
Minimum Wage Laws Waste Limited Technology Resources. Minimum wage laws encourage innovation to eliminate jobs rather than to enhance products and services. Watch “The Dark Side of Minimum Wage Laws” Watch Video on Bitchute A Misdirection of Tech Resources and Innovation Much has been written in favor of and against minimum wage laws from social … Read More →
In Case You Missed It – Week Ended June 11, 2016. Stories from the week ended June 11, 2016. NEW: Smaulgld commentary on this In Case You Missed It report now available on You Tube here. The big economic news of the week was the fall out from the poor jobs report from last Friday, … Read More →
Will the Fed Sacrifice the Dollar To Save the Markets? The Dollar Index* is higher today than it was before the Federal Reserve launched a series of quantitative easing programs that involved printing over $4 trillion out of thin air in order to buy U.S. Treasury Bonds and mortgage backed securities from the too big … Read More →
Shanghai Gold Exchange Withdrawals. Shanghai Gold Exchange May withdrawals were 147.283 tonnes. May 2016 gold withdrawals were 9.2% lower compared to 162.147 tonnes withdrawn in May 2015. Through May 2016, withdrawals were 15% lower than 2015 withdrawals through May, but ahead of 2014 withdrawals through May. Hong Kong gold kilobar withdrawals were about 80 tonnes … Read More →
America The Beautiful Coin Sales in 2016. The U.S. Mint sold 11,000 Cumberland Gap National Historical Park America The Beautiful (ATB) five ounce silver coins in May. Total sales of the Cumberland Gap National Historical Park coin was 75,000, the fifth best selling ATB coin in the series history The Harpers Ferry National Historical Park … Read More →
The People’s Bank of China Added No Gold to Reserves in May. Total reported People’s Bank of China gold reserves stand at 1,808.343 tonnes. PBOC foreign reserves fell from $3.22 trillion in April to $3.19 trillion in May. For the eleventh month in a row, The People’s Bank of China gold reserves were updated. The … Read More →
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