Central Bank Digital Currencies – A Future of Surveillance and Control

One of the most potentially far-reaching trends in the financial landscape right now is the imminent roll-out of Central Bank Digital Currencies (CBDCs), and the parallel attacks which central bankers are waging on private digital currencies and tokens as they tee up the launch of their CBDCs. First some clarifications. […]

Can Corporate Treasurers Afford to Ignore Palantir’s Gambit on Gold?

Recently, Palantir Technologies, the secretive software company that collects and analyses huge amounts of data on behalf of clients which include a broad array of US intelligence and spy agencies, announced in a quarterly filing with the US SEC that it had purchased $50 million in gold bars as part […]

Afghanistan’s gold at the New York Fed: 1,731 old bars held since 1939

The US Treasury has frozen the Afghan central bank’s gold held with FRB in New York, which consists of 1731 old gold bars deposited in 1939. Powered by WPeMatico

Afghanistan’s gold at the NY Fed: 1,731 old bars held since 1939

The US Treasury has frozen the Afghan central bank’s gold held with FRB in New York, which consists of 1731 old gold bars deposited in 1939. Continue reading… Not for the first time, the US Treasury has just gone and frozen the US held assets of Afghanistan’s central bank, the […]

British Requests for $3 billion in US Treasury Gold – The Trigger that Closed the Gold Window

By Ronan Manly The trigger and timing of the famous closure of the US gold window was a US$ 3 billion in gold request from Briitain’s Earl of Cromer. Continue reading… “I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets, […]

Gold Price Smash in Paper – But Physical Demand on Fire

By Ronan Manly As COMEX gold and silver markets opened on the evening of Sunday 8 August, prices were slammed down by orchestrated and manipulative selling. On Sunday evening 8 August at 6:00pm New York time, as the trading of gold futures contracts commenced for the week and the COMEX […]

Brazil’s Central Bank refuses to answer any questions about its Gold Reserves

This year has been shaping up to be a strong one for central bank gold buying. This is despite the official absence from the buy side of central bank gold powerhouses such as Russia and China. Instead, there has been a noticeable trend of a diverse group of central banks […]

The Saga Continues: Venezuela’s 31 tonnes of seized gold at the Bank of England

In what’s becoming one of the longest running legal dramas in the global gold market, the saga of Venezuela’s ‘frozen’ gold in London continues to roll on, most recently reaching the UK Supreme Court in a 4 day court hearing between 19 – 22 July. At the core of the […]

Infographic: Paper Silver vs Physical Silver

In the current global financial system, the international silver price is derived from trading of vast volumes of ‘paper silver’ that dwarf both physical silver exchange inventories and new physical silver supply. To understand what is real and tangible in the silver market, it is crucial then to grasp the […]

Has Macron’s call for new IMF Gold Sales been slapped down?

By Roman Manly The possibility of renewed monetary gold sales by the International Monetary Fund (IMF) hit international headlines last month when France’s president Emmanuel Macron and former Rothschild banker made a call for such sales during a press conference in the Elysée Palace in Paris on 10 June, in […]

Thai central bank leads pack, buying 90 tonnes of gold over April and May

In early April this year, the Hungarian central bank stunned gold markets with the surprise announcement that it had purchased a massive 63 tonnes of gold during March, and in doing so tripled its gold reserves from 31.5 tonnes to 94.5 tonnes. At the time, this 63.5 tonnes purchase (the […]

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 […]