Commodity Trade Mantra

Posts Tagged ‘Gold Sales’

Brits Pouring Over Half Their Net-Worth Into Gold Post-Brexit

The speed at which the British people are buying gold is unprecedented. We are seeing people convert as much as 40 to 50% of their net worth into physical gold, (compared to) 5 to 10% in the past. The sudden surge in gold sales is more remarkable considering the British historically haven’t shown as much interest in the yellow metal as residents of many other countries.

Now It's The Japanese Savers That Are Flooding Into Gold Bullion

Individual investors drove a 60% jump in sales of gold in June from May at Tanaka Holdings, the operator of Japan’s largest bullion retailer. Why the surge into gold? The yen’s appreciation in spite of the adoption of the negative-rate policy has kindled skepticism about the policy’s benefits. It’s also led to investors seeking to protect their assets in case Abenomics fails.

India - A Critical Consumer Is Buying Gold For The First Time In 3 Weeks

The good news for the bullion market is that India will now be buying gold again — for the first time since February. That should give a lift to gold prices — especially with reports suggesting there is a lot of “pent up” demand here after the 19-day strike. Watch for imports into India to rise for the coming weeks, and potentially lift the gold price. Here’s to a triumphant return.

The End Game: Central Bank Precious Metals Supply Evaporates

The Central Bank policy of dumping precious metals onto the market to rig prices has come to an end. Soon, Central Banks will no longer have the ability to control the paper price of gold and silver as true market fundamentals will finally kick in. Unfortunately, when the decades long market rigging of the precious metals finally ends, most investors will not be prepared.

A Tidal Wave of Gold Repatriations Could be Unleashed

The double whammy of a YES vote in the Swiss gold referendum and the repatriation of France’s gold from the NY FED, will be more than what the current manipulated system can handle. You will see widespread shortages of gold as the FED “attempts” to fill in the holes that they have drilled in their vaults throughout the years.

Here Comes France: Demands Central Bank Repatriate French Gold

First Germany, then the Netherlands, perhaps Switzerland this weekend, and now the French right-wing Front National leader Marine Le Pen has sent a letter to the governor of the French Central Bank, the Banque de France, demanding that France join the list of nations which have repatriated, or at least tried to, their gold.

Gold Wars - Swiss Gold Shenanigans Intensify Prior To November 30 Vote

SNB establishment parties suggested that passing the Gold Initiative would be a ‘fatal’ for Switzerland and would be positive only for speculators. The ‘yes’ side warned that there is a real risk of another debt crisis, a global currency crisis and that gold reserves would protect the Swiss franc and the Swiss economy.

The Secret Reason the SNB Opposes the Swiss Gold Referendum

One of the 3 objectives of the gold initiative is to have all Swiss gold stored in Switzerland. Swiss central bankers maintain it’s imperative to maintain foreign gold storage at major gold trading centers that can be quickly traded in event of a financial crisis. The ‘yes’ campaign counters that its safer to have it’s gold stored in Switzerland.

Can the Indian-Chinese Gold Frenzy Boost Prices?

India and China seem to be buying gold “at a rate which probably accounts for close to the full total of global mined supply.” And given that they aren’t the only gold-consuming nations, the “conundrum” of why the gold price is falling remains. Surely that has to end soon.

All Eyes on the Swiss Gold Referendum

On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the SNB’s assets.

Does Surging Demand For Gold & Silver Coins Signal a Bottom?

There’s no guarantee that this gold and silver demand, bullion coins buying, encouraging as it seems, is anything more than a blip. But in the aggregate it does seem like a lot of buyers, individual & national, old and new, are finding current prices to be attractive. That’s how bottoms form and new bull markets begin.

How Gold Helped Iran Avoid Defeat by the U.S.

Gold became Iran’s lifeline when the U.S. had inflicted a currency collapse, hyperinflation, a bank run and had caused a scarcity of food, gasoline and consumer goods, through the expedient of cutting Iran out of the global payments system. And so U.S. began stepping up enforcement of a ban on gold sales to Iran.

Is Chinese Gold Demand Really Falling? Probably Not

Media reports that Chinese gold demand may be slipping, but so far this year, although Chinese demand may currently be down a little its holding up overall at historically high levels. Gold movement from West to East already appears to be exceeding newly mined supply, while scrap sources decline.

Turkey’s Gold Imports In 2013 May Surpass Record Over 269.5 Tonnes

Turkey’s gold imports jumped more than threefold in October to 15.98 metric tons, from 4.8 tons in September, the highest since July – Turkey has already imported 251.4 metric tonnes in 2013, year to date, very close to surpass the record import of 269.5 tonnes in 2005.

Gold – You Better Hold It

When it comes to precious metals, April 2013 was characterized by extreme price swings, historic facts & figures, and remarkable news stories. […]

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