The Case for Central Banks holding Gold and other Assets

Central banks hold too much national government debt in their portfolios. They should diversify into other assets including foreign securities and gold. Powered by WPeMatico

Curse of the London Gold Fix strikes again as SocGen abandons ship

By Ronan Manly – May 6, 2019 News last week from the LBMA that French bank Societe Generale (SocGen) has resigned as a market maker for gold and silver continues an exodus from the London bullion markets that has included such former heavyweight bullion banks as Barclays, Deutsche Bank, Mitsui […]

The vast gold hoards held by Germany’s population

The German public hold a staggering 8900 tonnes of gold, the majority of which is investment gold in the form of gold bars and gold coins. Powered by WPeMatico

When Politicians and Central Banks clash

By Roman  Manly at BullionStar When Politicians and Central Banks Clash – The Gold of Romania and Italy Central bank gold holdings are rarely out of the news these days, from continued gold accumulation by Russia and China, to secretive gold sales by the central bank of Venezuela. But beyond […]

When Politicians and Central Banks clash – the Gold of Romania and Italy

Governments in Europe are increasingly coming into conflict with their central banks on key questions of ownership and storage of national gold reserves. Powered by WPeMatico

Where did all the silver coins go?

By JP Kroning – April 9, 2019 In times past, small denomination coins were made of silver. The U.S. quarter dollar, for instance, once contained 90% silver, which meant that each quarter had 5.6 grams of precious metals. But in 1965 the U.S. Mint stopped issuing coins with silver in […]

Where did all the Silver Coins go?

Most coins in circulation used to be silver. These days, there isn’t a trace of silver to be found in the coiage. Why did we stop putting silver in coins? Powered by WPeMatico

Holding Precious Metals in your Individual Retirement Account (IRA)

Self-directed Individual Retirement Accounts (IRAs) can hold investment precious metals in the form of bullion coins and bullion bars, stored abroad. Powered by WPeMatico

Europe’s INSTEX payments channel won’t help Iran

By JP Koning at https://www.bullionstar.com/blogs/jp-koning/ Since they were implemented last November, U.S. economic sanctions against Iran have been remarkably effective. Iranian oil exports have plummeted to 1.1 million barrels per day (bpd) from around 2.5 million bpd in April 2018, the month before President Trump announced the U.S. withdrawal from […]

BullionStar Financials FY 2018 – Year in Review

BullionStar continued to grow revenues during Financial Year 2018 (FY2018), recording total sales of SGD 177,832,269, which was a 1.8% increase over FY2017. Powered by WPeMatico

The Domino Effect – Romania joins Gold Repatriation exodus

By Ronan Manly – March 5, 2019 Hot on the heals of Hungary repatriating all of its gold reserves from London last October, moves are now afoot in neighboring Romania to do likewise, via a parliamentary bill submitted by Romanian politicians Liviu Dragnea and Serban Nicolae which specifies that only […]

Australia’s gold at the Bank of England – Extended Q & A

Ronan Manly at https://www.bullionstar.com/blogs/ronan-manly/australias-gold-at-the-bank-of-england-rt-com/ Recently, news network RT.com asked for my comments on the question of the 80 tonnes of the Reserve Bank of Australia’s (RBA) gold reserves and their supposed storage location at the Bank of England’s gold vaults in London. Based on some of those comments, RT has […]

The Great Japanese Gold Trade of 1859

JP Koning  at https://www.bullionstar.com/blogs/jp-koning/the-great-japanese-gold-trade-of-1859/ The price of gold is $1,300 per ounce right now. But imagine if there was one place in the world – say Japan – where you could buy an ounce of gold for a fraction of that, $450. By exporting and selling it at the world […]

Bank of England tears up its Gold Custody contract with Venezuela

Ronan Manly In early November 2018, it first came to light that the Bank of England in London was delaying and blocking the withdrawal of 14 tonnes of gold owned by the Venezuelan central bank, Banco Central de Venezuela (BCV). At the time, Reuters and The Times of London both […]

Separating truth from fiction in China’s golden game of Poker

By Roman Manly This month the Chinese central bank reported that in December 2018, its gold reserve holdings increased by 10 tonnes, the first claimed increase in Chinese monetary gold holdings since October 2016. Based on previous patterns reporting patterns, a two year hiatus in reporting gold holdings is not unprecedented […]

Russian Central Bank buying Gold on the International market?

For a number of years now and even more so during 2018, the central bank of the Russian Federation, the Bank of Russia, has remained in the spotlight as one of the world’s largest gold buyers, each month adding substantial amounts of gold to its monetary gold stockpiles. Having bought […]

Venezuela’s gold in limbo amid tug-of-war at the Bank of England

As one of the world’s largest custodians of central bank gold, the Bank of England is attracting unwanted attention in a bizarre saga involving 14 tonnes of Venezuela’s gold. A whole cast of colorful characters has recently emerged on both sides, those wanting the gold to be returned and those […]

An early attempt at standardizing Money using international Gold Coins

Why do we have international standards for measuring time and length but not monetary value? A failed 1860s attempt to harmonize money provides insights. Last month the world settled on a new definition of the kilogram. Our success at harmonizing weights stands in contrast with our failure to establish a […]

French central bank and JP Morgan team up to boost Gold Lending

As JP Morgan partners with the Banque de France to expand gold lending out of Paris, bullion banks are having to look further afield to secure supply. The central bank gold lending market, centered in London, is probably the most secretive financial market in the world, with very little known […]

Gold Market Charts: November 2018 – Gold Market Charts – Gold Market Charts

BullionStar’s series of ‘Gold Market Charts’ articles look at recent developments in the world’s largest physical gold markets using illustrative gold market charts generated by the unique and insightful GoldChartsRUs.com gold market chart website. Physical gold markets covered include China, India, Russia, Switzerland, and of course, the London Gold Market. […]