Gold Price vs. World Currencies in 2017

Gold in US Dollars Full Year 2017

Gold Rose 13.6% vs. the U.S Dollar in 2017. Gold’s 2017 price rise follows a 9.1% rise in 2016. 2017 price rise was gold’s best year since 2010’s near 30% increase. Gold price rise muted in other world currencies; down 1% vs the Euro. Silver rose 7.1% vs. the U.S. Dollar in 2017 but fell Read More →

Saudi Arabian Holdings of US Treasuries Soar in 2017

Foreign holdings of Us Treasuries 2016 - 2017 through October

Saudi U.S. Treasury Holdings Surge 41% in 2017. Chinese Treasury Holdings Rise to $1.89 Trillion in October – near a 12 Month High. Russian U.S. Treasury Holdings up 41% since October 2016 (+$30 billion); at Highest Level since September 2014. Chinese US Treasury Holdings are up $139.9 billion since November 2016 Brazil, Switzerland, UK, Saudi Read More →

People’s Bank of China Reports Flat Gold Reserves in November

Chinese gold reserves 2009 - 2017 october

People’s Bank of China Added No Gold to Reserves in November. The People’s Bank of China has not added any gold to reserves since they were admitted to the SDR in October 2016. Total reported People’s Bank of China gold reserves stand at 1842.6 tonnes – same as October 2016. PBOC foreign reserves rose for Read More →

Bitcoin Ranks Last on the U.K.’s Money Laundering Risk List

Money laundering

The 2017 UK Treasury National Risk Assessment of Money Laundering and Terrorist Financing Report Ranks Risks. Cash, banks, accountants, lawyers and other professional service providers pose the highest risks for money laundering. Digital currencies pose the lowest risk for money laundering and terrorist financing. Watch the Video Commentary to “How Does the UK Rank the Read More →

After Cryptocurrencies’ Wild Week – What’s Next?

Cryptocurrencies bitcoin ether and litecoin

What Might Pop the Crypto Bubble? The Great Crypto Crash and Recovery. U.S. Tax reform signed into law – supported only by Republicans. Russia to set up physical gold exchange and to buy more U.S. Dollars. Belarus legalizes Bitcoin, ICOs makes them tax free for five years Russian investigation ensnares Jill Stein. DOJ orders fresh Read More →

Russia Adds Record Amount of Gold to Reserves in 2017

Russian Additions-Subtractions to Gold Reserves 1997 - 2017 through November

Russian Central Bank Adds 900,000 Ounces of Gold To Reserves in November. Russia’s annual gold additions to reserves through November of over 214 tons is a record. Russian Gold Reserves Climb to 1828 tons, sixth behind the People’s Bank of China. Since June 2015, the Central Bank of Russia has added over 548 tons of Read More →

Shanghai Gold Exchange Withdrawals Climb in November

SGE withdrawals through November 2008 -2017

Shanghai Gold Exchange Withdrawals Through November Total 1,845 Tons. Shanghai Gold Exchange Withdrawals rose 24.8% in November to 189.101 tons up from 151.541 tons in October. Shanghai Gold Exchange November withdrawals were down 11.9% from 214.718 tons withdrawn in November 2016. Watch the video companion of “Shanghai Gold Exchange Withdrawals Climb in November” Also watch Read More →

Why Litecoin Had an Explosive Week

Alt-Coin, Litecoin Gains Nearly 4x. Ripple and Cardano also see outsized gains. Gold and Silver rebound after Fed rate hike. Tax Reform, likely to pass – Obamacare killer? CFTC/South Korea to Crypto Exchanges: You must have the coins to deliver. CBOE Bitcoin Futures Begin Trading, CME Futures Open Tomorrow. St. Louis Fed Touts Negative Interest Read More →

Perth Mint Silver Sales Top American Silver Eagle Sales in November

Perth Mint Silver Sales January 2014 - November 2017

Silver sales at the Perth Mint in November were 544,436 ounces, down 46% from October 2017 sales of 999,425 ounces. Year over year November 2017 Perth Mint silver sales were down 45% from November 2016 sales of 984,622 ounces. November Perth Mint sales of 544,436 ounces were 41% higher than November U.S. Mint Silver Eagle Read More →

Perth Mint Gold Sales Top U.S. Mint Gold Sales Again in November

Perth mint gold sales vs US Mint american gold eagle sales July 2016 - November 2017

The Perth Mint Sold 23,901 Ounces of Gold in November. November Perth Mint gold sales topped November U.S. Mint one ounce American Gold Eagle sales of 9,500 ounces. Perth Mint gold sales topped the U.S. Mint gold sales for the ninth month in a row. Gold sales at the Perth Mint in November 2017 were Read More →