Have Silver Mining Companies Finally Reached Their Limits? After many primary silver miners reported increases and or record silver mining production in 2015, global silver mining production is set to fall in 2016. According to investment bank Société Générale, silver supply will fall for the “1st time in over decade“. Societe General’s projects a decline … Read More →
In Case You Missed It – Week Ended March 19, 2016. Stories from the week ended March 19, 2016. The big economic news of the week was the Fed’s announcement on Wednesday not to raise interest rates and their cutting of the number of rate hike expetatins in 2016 from four to two. The dollar … Read More →
Russian Gold Reserves. The Central Bank of the Russian Federation added 300,000 ounces (9.33 tonnes) of gold to its reserves in February. Russia now has 1,446 tonnes of gold in reserve; the sixth most of any nation. Russian Gold Reserves After adding 6,700,000 ounces (208 tonnes) of gold to her reserves in 2015, and 700,000 … Read More →
Appetite for Gold in the East Remains Voracious. Rory Hall of the Daily Coin and I spoke yesterday about gold and silver demand in China, India, Russia and Kazakhstan – countries along the silk road. Please have a listen: Check out all the Smaulgld podcasts here. Please consider making a small donation to Smaulgld.com. Thanks! … Read More →
Smaulgld on Welcome To Dystopia Podcast I sat down with Eric Dubin of the News Doctors and Jason Burack of Wall Street For Main Street yesterday to discuss the silver and gold markets. Please have a listen: Check out all the Smaulgld podcasts here. Please consider making a small donation to Smaulgld.com. Thanks! Supplemental information … Read More →
Do Artifically Low Interest Rates Trick Entrepreneurs into Making Malinvestments? There is an Austrian School of Economics tenet that states that one danger of artificially low interest rates is that they “trick entrepreneurs” into making “malinvestments’; ones that in retrospect don’t make any economic sense had the entrepreneur not been tricked by the “false signal” … Read More →
In Case You Missed It – Week Ended March 12, 2016. Stories from the week ended March 12, 2016. The big economic news of the week was the European Central Bank’s announcement on Thursday that they would engage in more quantitative easing (bond buying) and lower interest rates further into negative territory. The Euro fell … Read More →
Smaulgld was intereviewed by Rethinking the Dollar recently. We discussed the direction of the dollar, U.S. debt levels, the cashless society, the increase in sales of silver at the U.S. and Perth Mint, the importance of gold to nations, China and gold and the Gold/Silver Ratio. Please have a listen: Check out all the Smaulgld … Read More →
Chinese Gold Reserves increased by 9.953 tonnes (320,000 ounces) in February. Since starting monthly reporting in July 2015, China has added about 130 tonnes of gold to its reserves. Total reported Chinese gold reserves stand at 1,788.323 tonnes. Chinese Foreign Reserves fall from $3.23 trillion in January to $3.20 trillion in February. China continues to … Read More →
Shanghai Gold Exchange Withdrawals. Shanghai Gold Exchange February withdrawals were 107.603 tonnes of gold. February 2016 gold withdrawals were 31% lower compared to 156.363 tonnes withdrawn in February 2015. Shanghai Silver Exchange February deliveries were 45.66 tonnes up from 33.695 tonnes in January. Hong Kong gold kilobar withdrawals were fifty tonnes in February 2016 and … Read More →
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