Commodity Trade Mantra

Posts Tagged ‘Gold Accumulation’

Gold is Money - But Where Does This Leave Silver?

No doubt the principal focus will always be on gold as the ultimate metallic money, but the temptation to overlook silver’s monetary credentials is a mistake. Arguably, it could even have a greater claim than gold to be the people’s money, because for all of commercial history it has been more widely circulating for that mundane purpose.

China Plans To Launch Renminbi Gold Fix By End of 2015

If the renminbi / yuan gold fix takes off, China could compel local buyers & foreign suppliers to pay the domestic renminbi price, making the London gold fix less relevant in the world’s biggest bullion market. China feels it is entitled to be a price-setter for bullion at a time when the global benchmark, the London fix, is under scrutiny for alleged price-manipulation.

Gold Is Not an Investment—It’s Insurance

Investors are holding off because they think gold is headed lower. If gold were an investment, it might be prudent to see if you can get a better price. But it’s not. It’s lifestyle insurance. It’s an alternate currency that will withstand the inevitable fallout of government excess. It is purchasing-power protection that we may use sooner than we’d like.

Dramatic Increase in Gold Flows into China

Dr. Keith Barron: “I believe that most of the Western world’s gold, which is supposed to be in central bank vaults, has been leased out. Much of it is now in private hands in India, and what remains continues going East to China and other Asian vaults. So most of the Western gold has vanished from the vaults, and it’s now just a book entry.”

Russia Coordinating Gold Reserve Accumulation With Ex Soviet States?

Over last 6 months, Russia has increased its gold reserves by 54 tonnes & Kazakhstan has purchased 12 tonnes. Given close economic cooperation between Russia, Kazakhstan & Belarus, it is probable that they would be coordinating monetary policy, including a common approach to official gold reserves accumulation.

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