News Articles

SGE gold withdrawals have hit 374 tonnes in the first six weeks of the year – a record level in the run up to the Chinese New Year holiday . . . .

No solution has been reached yet for the Greek debt crisis and this grid-lock could continue for the next few weeks as it’s usually just in the final few hours before a deadline a solution is reached. A nice strategic chess game is currently going on and some sort of agreement will eventually be reached ...

The World Gold Council Gold Demand Trends Full Year 2014 report is now available . . . .

Last year Switzerland has globally exported gold worth 65 billion Swiss Francs. India was the biggest buyer, Germany was ranked 5th. Russia delivered 55 tons more than it withdrew . . . .

There are two charts every precious metals investor needs to see.  The U.S. Mint is celebrating its 30 year anniversary producing Gold and Silver Eagles and if we look at the sales data of these two Official precious metal legal tender coins going back to 1986, there are some interesting trends worth looking at . . . .

Chinese gold demand slid by more than a third last year to a four-year low of 866 tonnes. India overtook China as the world’s biggest gold consumer in 2014 as global physical demand fell . . . .

Gold is benefiting from today’s low interest rate monetary climate, and Russ says its diversifying effects mean the metal can be a valuable risk management tool for investors . . . .

Global economic uncertainty may prompt return to safe haven gold buying. January 2015 has already been remarkable for the number of Black Swan (unanticipated) events which have hit the markets in such a short space of time . . . .

The latest SGE withdrawal figures show withdrawals of 70 tonnes for the week ending Jan 16th – the third highest weekly figure ever. The recent rise in the gold price, now standing at just below the $1300 mark, does not yet appear to have put a dent in Chinese gold demand as represented by withdrawals from the Shanghai Gold Exchange (SGE) . . . .

German gold repatriation continued in 2014 at a higher pace – but the overall slow speed leaves many questions unanswered and again raises arguments for auditing the Fed. Be careful what you wish for . . . .