LBMA a deer in headlights as Western Sanctions show up Russian Gold Refiners

Following first the threat of invasion and then the actual Russian invasion of Ukraine, a range of sanctions against Russia by a range of countries have inevitably been announced and rolled out. UK Sanctions against Russia On 22 February, the UK Government announced asset freezes against a range of Russian […]

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BullionStar Financials FY 2021 – Year in Review – BullionStar

This post reviews BullionStar’s financial performance and milestones for the financial year ending 30 June 2021 (FY 2021). At BullionStar, we have a long-standing tradition of sharing our financials transparently. We share key sales and revenue data, including sales percentage per precious metal, sales percentage per product category (bars and […]

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Bloomberg hit piece on UAE gold triggers strong response from DMCC’s Bin Sulayem

On 28 December, as 2021 was coming to a close, Bloomberg published a curious, slanted and hypocritical article titled “Dubai can’t shake off the stain of smuggled African gold”, in which it attempted to connect gold mined from various troubled African countries to gold imports into the UAE and Dubai.   […]

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Coordinated Jawboning from Central Bank’s but “You Can’t Taper a Ponzi”

For the world’s financial markets which have become literally dependent on the pronouncements of central banks, this week is lining up to be one of the most important in a while. Because this week no less than 4 of the world’s most powerful central banks are each meeting to discuss […]

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Irish central bank raises gold reserves by 33%, worried by inflation

By Ronan Manly Recently the Central Bank of Ireland joined the ranks of sovereign gold buyers, adding 2 tonnes of gold to its monetary gold reserves in 2 months, consisting of a tonne of gold bought in each of September and October 2021. While in relative terms, the actual quantity […]

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In low key move, Singapore’s central bank adds 26 tonnes to it’s gold reserves

It has just come to light that Singapore’s central bank, the Monetary Authority of Singapore (MAS), added 26.35 tonnes of gold to its official monetary gold reserves over a 2 month period between May and June this year, in the process boosting its strategic gold holdings by 20% to a […]

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Bullion Banksters pay $50 million to Get Out of Jail Free

By Ronan Manly This week, news emerged that the final three defendant banks in a gold price manipulation class action lawsuit had, surprise, surprise, paid to settle the lawsuit, and all claims against them will be dismissed, in essence they have bought a ‘Get out of Jail free’ card. Although […]

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Bullion Banksters pay $50 million to Get Out of Jail Free

In another example of ‘Too Big to Jail’, the banks of the LBMA Gold Fixing cartel have now all paid their way out of a class action lawsuit. Powered by WPeMatico

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Amid ongoing hyperinflation, gold shines as money in Venezuela

With inflation surging worldwide in everything from the prices of energy to raw materials to consumer goods, there is growing acceptance (except from central bankers) that this inflationary trend is not only not transitory, but given the backdrop of accelerated global money printing and fiat currency debasement, that it could […]

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Swiss pressure against UAE gold imports causes sharp rebuttal from Dubai

There have been some intriguing new developments in the ongoing competitive confrontation between the United Arab Emirates (UAE) / Dubai gold market and the incumbent  ‘western gold market’ (centred on the LBMA London gold market and the LBMA Swiss gold refineries). Readers may recall some previous BullionStar articles on this […]

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Poland accelerates gold buying: Plans to purchase 100 tonnes during 2022

Poland’s central bank, the National Bank of Poland (NBP), which stunned gold markets back in 2019 when it purchased 100 tonnes of gold bars in London and then promptly flew the gold back to Warsaw, has just confirmed that it now plans to buy another 100 tonnes of gold during […]

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Indian Central Bank Accumulating Large Quantities of Gold almost under the Radar

While large one-off central bank gold purchases get a lot of media attention and the same is true for central banks accumulating gold reserves over a two or three month period, sizeable accumulation of gold by central banks on a month in, month out basis, with the exception of the […]

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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. […]

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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 […]

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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

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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 […]

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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, […]

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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 […]

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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 […]

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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 […]

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