Alternative Assets Soar as NASDAQ also hits new highs. Gold Backed Yuan Story dies an Ignominious Death. Strong week for gold and silver. As Bitcoin Hits New Highs Jamie Dimon Trashes it Again. Litecoin come back to Life Chinese Leaders begin their central planning meeting amid growing debt fears Trump guts Obamacare Smaulgld appears on … Read More →
The Idea of a Chinese Yuan Oil Contract Convertible into Gold Predates the September 1 Nikkei Asian Review story. GoldMoney published an article on August 24 predicting that such a contract would be convertible into gold from the Shanghai Gold Exchange. The story shifted in mid September to “gold would be sourced from outside China” … Read More →
The National Bank of Kazakhstan Passes The Central Bank of Spain To Claim 18th Place Among Gold Holding Nations. Kazakhstan added 4.67 tons (150,000 ounces) of gold to reserves in August. Total Gold Reserves Stood at 285.5299 Tons (9.18 million ounces) at end of August 2017. Kazakhstan added 36.1989 tons (approximately 1,163,820 ounces) of gold … Read More →
China has Announced NO plans for a gold backed or redeemable Yuan. Since the appearance of the gold backed Yuan story in the Nikkei Asian Review NO Source of a Chinese announcement has been cited Many analysts and commentators have reported the story as something ‘China announced”. Recent variants of the “gold backed Yuan” story … Read More →
September Sales of American Gold Buffalo Coins down 94% from September 2016. U.S. Mint Sold 1,000 24K one ounce gold coins in September vs. 17,500 sold in September 2016. September 2017 sales were worse September sales in the coin’s twelve year history. Total American Gold Buffalo and American Gold Eagle Sales were 12,500 ounces in … Read More →
More Versions of the Gold Backed Yuan Story Appear. Germany Become World’s Largest Gold Consumer. China on Lockdown as Communist Party’s Central Planning Committee Meets. U.S. Mint Gold and Silver Sales Continue to Languish. Goldman Sachs Talks Cryptocurrencies Does Gold Make You Smart? Video Commentary to “The Gold Backed Yuan Story Forks Again as More … Read More →
Silver sales at the Perth Mint in September were 697,849 ounces, up 78% from August 2017 sales of 392,091 ounces. Year over year September 2017 Perth Mint silver sales were down 32% from September 2016 sales of 1,031,858 ounces. September Perth Mint sales of 697,849 ounces were 2.14 times larger than September U.S. Mint Silver … Read More →
The Silver Supply Demand Dynamic Has Been in Deficit for Years. Despite annual deficits, the price of silver remains mired near multi-year lows. Earlier this week, Rory Hall and I started to record our monthly gold and silver update for the Daily Coin Channel. In the pre-interview we discussed the silver supply demand dynamic. The … Read More →
The Perth Mint Sold 46,415 Ounces of Gold in September. September Perth Mint gold sales topped U.S. Mint one ounce American Gold Eagle sales of 8,000 ounces by nearly six fold. Perth Mint gold sales topped the U.S. Mint gold sales for the seventh month in a row. Gold sales at the Perth Mint in … Read More →
American Gold Eagle Sales Remain Bottomed. U.S. Mint sold 8,000 one ounce American Gold Eagles in September up from 6,500 sold in August. One ounce American Gold Eagle sales were down 90% in September from September 2016 sales of 79,000. Total number of American Gold Eagles sold in September were 36,000 including 1/10, 1/4/ 1/2 … Read More →
Send Litecoin to this address:
