LBMA needs reform to serve the physical precious metals market

The LBMA claims to be the global authority for precious metals, but it is an organization stacked full of bullion banks which trade gigantic volumes of synthetic paper promises, and an organization which does nothing to champion the interests of savers and investors in physical precious metals. Founded by a […]

Does anyone use the IMF’s SDR? – JP Koning – BullionStar

Last week I poked some fun at the International Monetary Fund’s special drawing rights. I claimed that no on uses them. I wouldn’t be the first to make this accusation. The International Monetary Fund (IMF) itself once described the role that special drawing rights (SDRs) play as “insignificant”. No one […]

LBMA Removes JP Morgan’s Michael Nowak from the LBMA Board – Ronan Manly

Just when you think it couldn’t get any more embarrassing for JP Morgan’s precious metals business and its embattled head, Michael Nowak, today it just did, as the powerful London Bullion Market Association (LBMA) moved to oust Nowak, who has become too toxic, from the LBMA’s board of directors. According […]

LBMA Board Member & JP Morgan Managing Director Charged with Rigging Precious Metals

Michael Nowak, JP Morgan Chase managing director and Board member of the London Bullion Market Association (LBMA) has just been charged by the US Department of Justice (DoJ) with manipulating the prices of precious metals-futures contracts over an 8 year period. Nowak sits on the LBMA Board along with LBMA […]

Rothschild emerges from the shadows for the Centenary of the London Gold Fixing

This month marks the centenary of the London Gold Fixing, with events at both Rothschild’s headquarters in the City of London and at the neighboring Bank of England. Billed as a momentous occasion by the bullion bank-controlled London Bullion Market Association (LBMA), the celebrations gloss over and conveniently forget to […]

Hyperbitcoinization

Hyperbitcoinization, a term coined by Daniel Krawisz in 2014, refers to a thesis under which bitcoin, at first slowly and then rapidly, would replace traditional currencies. In effect, bitcoin-induced currency demonetization. Although bitcoin certainly has plenty of good features, for mass adoption it would have to overcome the network effects […]

Gold, Silver and Platinum surge ahead with impressive double digit YTD returns

Gold, Silver and Platinum surge ahead with impressive double digit YTD returns Year-to-date (YTD), based on prices at the time of writing, precious metals prices in US dollar terms have been making impressive double digit returns. The gold price has now risen 20.73% YTD, the silver price is up 25.91%, […]

Chinese gold imports – Better data, lower inflows, unanswered questions

By Ronan Manly at https://www.bullionstar.com/blogs/ronan-manly/chinese-gold-imports-better-data-lower-inflows-unanswered-questions/ While gold imports into China fell noticeably between May and July 2019, the reasons for the lower gold inflows may be more complex than the official line. In mid-August Reuters published a story titled “China curbs gold imports as trade war heats up” claiming that […]

More on the puzzle of negative interest rates – copy

Interest rates on many bonds have plunged into negative territory. But why on earth would anyone be willing to save $1000 only to get $999 in the future? Saving up for a rainy day has always gone hand in hand with a positive interest rate, not a negative one. In […]

More on the puzzle of negative interest rates

Interest rates on many bonds have plunged into negative territory. But why on earth would anyone be willing to save $1000 only to get $999 in the future? Saving up for a rainy day has always gone hand in hand with a positive interest rate, not a negative one. In […]

Singapore Tops Global Rankings as the World’s Safest and Most Secure Nation

Global rankings continually attest to Singapore’s claim to be the safest and most secure country in the world and the best place to buy and store gold. Read the full article at https://www.bullionstar.com/blogs/bullionstar/singapore-tops-global-rankings-as-the-worlds-safest-and-most-secure-nation/ Powered by WPeMatico

The not-so-crazy world of negative interest rates – JP Koning

A few years ago when I was working at a bank, I asked the bond trader who worked next to me what he thought about the newish phenomenon of negative interest rates. “Rate are only negative cause they’re messing around in our markets!” he whispered indignantly. By “they” he meant […]

The History of the World is a History of Gold – BullionStar

The history of gold is nearly as long as the history of human civilisation. Gold has been inextricably linked to human civilisations since at least 6000 BC. There is absolutely no way of looking at the history of the world without encountering the history of gold. Most importantly, gold has been […]

Gold the Ultimate Asset as Fed Joins Race to the Bottom in Global Rates

The US Federal Reserve’s Federal Open Market Committee (FOMC) today announced a 0.25% cut in the influential US federal funds rate from a target range of 2.25% – 2.50% to a target range of  2.00% – 2.25%, a move which was closely watched and widely signaled, but which was the […]

By Not Renewing the CBGA, Central Banks in Europe Look Ready to Buy Gold

By not renewing the Central Bank Gold Agreement (CBGA) for a 5th time, the central banks of Europe are signalling that they will enter the market as buyers. Powered by WPeMatico

Gold & Silver Price Manipulation – The Greatest Trick ever Pulled

By Ronan Manly Precious metals price manipulation takes many forms, from spoofing of futures to warped market structure where fake gold and silver are allowed to trade. There is probably no other topic in the gold and silver markets which incites heated debate more than the subject of precious metals […]

Gold Smuggling to India & Japan is a Symptom of Governments’ War against Gold

By Torgny Persson the founder and CEO of BullionStar. Smuggle gold to India and Japan has become a lucrative business for many dealers and middlemen across Asia. It is widely known that demand for physical gold by Asian populations is insatiable. From the estimated held by India’s population to the […]

Poland joins Hungary with Huge Gold Purchase and Repatriation

By Ronan Manly at Bullion Star With a variety of the world’s central banks going on a gold buying spree in recent years such as Russia and China, there has unsurprisingly been no shortage of newsflow in this area for the world’s financial media to comment on. But even in […]

Poland joins Hungary with Huge Gold Purchase and Repatriation

The Polish central bank stuns the gold market with the announcement of a huge new purchase of 100 tonnes of gold over the first half of 2019. Powered by WPeMatico

How Much U.S. Currency is Held Overseas?

By JP Kroning Of the vast amount of US dollar currency banknotes circulating around the world, estimates suggest that the majority is held and circulates outside the USA. What is the U.S.’s greatest export? Banknotes. There is probably no other product for which the balance of trade is so tilted […]