Central banks operating in stealth at the heart of the London Gold Market

Central banks operate at the heart of the London Gold Market, buying, selling, and lending gold, but everything they do is shrouded in secrecy. While many people will be familiar with the term ‘London Gold Market’, most will have little knowledge about its inner workings, especially when it comes to […]

Russia lines up new Gold Buying through its Sovereign Wealth Fund

With Russia now officially authorising the buying of gold for its National Wealth Fund, can significant NWF gold purchases be far behind? In a significant and strategic development for monetary metals, the Government of the Russian Federation has just introduced legislation which will allow Russia’s giant National Wealth Fund (NWF) […]

BullionStar Financials FY 2020 – Year in Review

This post reviews BullionStar’s financial performance and milestones for the financial year ending 30 June 2020. Powered by WPeMatico

LBMA misleads Silver Market with False Claims about Record Silver Stocks

By Ronan Manly In a shocking retraction, the bullion bank dominated London Bullion Market Association (LBMA) has just announced that it has been overstating LBMA silver vault holdings by a massive 3,300 tonnes of silver. This overstatement relates to the total quantity of physical silver bars that the LBMA claimed […]

LBMA acknowledges “Buying Frenzy” in Silver Market and silver shortage Fears

A new report on silver from LBMA acknowledges the Silver Squeeze, and confirms the risk that London ETFs could have faced a lack of supply. Powered by WPeMatico

Hungarian central bank boosts its gold reserves by 3000% in less than 3 years

With its latest purchase, Hungary’s central bank has tripled its gold reserves to 94.5 tonnes, and since 2018 its gold reserves are up 3000%. Continue reading… The central bank of Hungary, the Magyar Nemzeti Bank (MNB), has just announced a purchase of a massive 63 tonnes of Good Delivery gold […]

Scotia Sells its COMEX NY Vault, in Slow Motion Exit from Gold and Silver Markets

by Ronan Manly While ScotiaBank has sold its New York COMEX vault to MTB (MKS PAMP), it is still very much involved in the gold and silver markets. On Monday 1 March, CME Group, which runs COMEX, made a short announcement saying that long time COMEX approved gold and silver […]

Orwellian CFTC, which ignored years of silver price manipulation, now going after Reddit Apes

Reports that the CFTC may begin investigating participants in the #SilverSqueeze show the desperation and panic of the Wall St establishment.   On Monday 1 March, an article in Bloomberg Law by CFTC connected lawyers from law firm Clifford Chance revealed that the Commodity Futures Trading Commission (CFTC) is reportedly […]

Twilight Zone as ETF Provider Warns Buying Silver will Harm Hedge Funds and Large Banks

The panic among silver-backed ETFs triggered by a surge in demand for silver sees no sign of abating and is entering the realm of the Twilight Zone. First we had SLV, the world’s largest silver ETF, warning that there may not be enough available silver to supply to the iShares […]

#SilverSqueeze hits London as SLV warns of Limited Available Silver Supply

In a dramatic development, the iShares Silver Trust (SLV), has just updated its prospectus warning that there may not be enough available silver supply for delivery into SLV, and that this may adversely affect investments in SLV Shares. Even more dramatically, this warning was drafted into the latest SLV prospectus […]

“Houston, we have a Problem”: 85% of Silver in London already held by ETFs.

By Ronan Manly – February 7, 2021 With the ongoing #SilverSqueeze and huge associated dollar inflows into silver-backed Exchange Traded Funds (ETFs), it is now time to look at which of these ETFs store their silver in the LBMA vaults in London, England, and to calculate how much physical silver […]

The Silver Squeeze vs Wall Street Corruption

By Roman Manly – Feb. 2, 2021 What started in mid-January as a coordinated reaction against GameStop short sellers by a group of Reddit discussion forum day traders, has now turned into something entirely larger. By now you will probably be aware of the recent meteoric rise in the share […]

#SilverSqueeze: Physical Silver Shortage vs. Paper Silver

The silver short squeeze in physical silver currently underway is unprecedented. Even so, the spot spot price of paper silver does not anywhere near reflect the real physical equilibrium price of silver. BullionStar may therefore in the near future have no option but to abandon setting prices based on silver […]

Dawn of Bitcoin price discovery 2009 – 2011: The very early Bitcoin exchanges

By Ronan Manly – January 28, 2021 A number of pioneering Bitcoin exchanges arose in 2009 and 2010 which paved the way for the massive crypto ecosystem which exists today. With the rapid growth of Bitcoin and the proliferation of cryptocurrency exchanges, it’s easy to forget that a mere 12 […]

The Staggering Levels of Real “Inflation-Adjusted” Gold and Silver Prices

By Ronan Manly In economics, a real value refers to any value that has been adjusted for inflation. A nominal value is a value that has not been adjusted for inflation. Inflation here refers to the general increase in price levels, Many will be familiar with inflation adjustments that are […]

Behind the Headlines of Record Gold Stocks in London Vaults

According to the London Bullion Market Association (LBMA), there are now record gold stocks of 9450 tonnes held in the London vaults. While trumpeting record gold holdings may grab headlines, it’s a misleading claim if, as appears to be the case, only a tiny fraction of these total gold holdings […]

2020: Stellar year for bullion coin sales by the major national Mints

2020 was a remarkably strong year for gold and silver bullion coins sales by the US Mint, Perth Mint and Royal Canadian Mint. Gold sales more than doubled at the Perth Mint and Royal Canadian Mint, while increasing by a massive 500% at the US Mint. The US Mint also […]

As 2020 comes to a close, Gold and Silver record best year since 2010

Gold and silver both had a strong performance in 2020, with the gold price in US dollars rising 25.12% during the year, and the silver price in US dollars rising an impressive 47.82%. These returns are based on opening prices of gold and silver on 1 January 2020 of $1517.3 […]

GLD 10-K omits BoE gold holdings data, GLD CFO left 1 day before financial year-end

As the latest SPDR Gold Trust (GLD) annual 10-K statement hits the tape, there are a number of troubling developments which should concern the SEC and GLD investors alike. These include: Why the GLD Sponsor CFO resigned on 29 September 2020, one day before financial year end of 30 September. […]

In Delusional Push, LBMA Threatens to Blacklist Entire Gold Trading Centres

  In a startling overstep of its remit, the bullion bank consortium, the London Bullion Market Association (LBMA), under cover of the OECD and a group of NGOs, has just launched a campaign against the independence of gold trading centres around the world, threatening to blacklist any market which fails […]