• Tim Knight from...
    02/06/2016 - 00:25
    What we must remember is this: we are in a bear market, and the risk of a countertrend rally is present, but confined. The opportunity on the downside movement dwarfs the risk of a push higher, as...

World Gold Council

Tyler Durden's picture

The Golden Age





Some people say that gold is dead. They point to deflationary pressures and a bear market that started back in September of 2011. The bulls have been wrong for years; however, that may be about to change…

 
Tyler Durden's picture

A Norwegian Gold Allocation Would Counter Sovereign Incompetence Risk





Many believed that the NOK was backed by oil, not requiring a gold reserve. However, oil is no longer a scarce resource but an abundant commodity. Switzerland, Germany, America and other first world nations have gold reserves. Norway should have one too.

 
GoldCore's picture

Russia Gold “Buying Spree” Continues – Buy 22 Tons In November





Russia adds another 700,000 ounces (22 tonnes) to gold reserves in November. Ally Kazakhstan increased gold reserves for 38th month –  to over 7 million ounces. Russia views gold bullion as “100% guarantee from legal and political risks ...”

 
Tyler Durden's picture

The Screaming Fundamentals For Owning Gold





Gold is one of the few investments that every investor should have in their portfolio. We are now at the dangerous end-game period of a very bold but very reckless & disappointing experiment with the world's fiat (unbacked) currencies. If this experiment fails -- and we observe it's in the process of failing -- gold will provide one of the best forms of wealth insurance. But like all insurance products, it only works if you buy it before you need to rely on it.

 
GoldCore's picture

Gold Buying Surges In November - China Buys 21 Tonnes In November Alone





Sales of American Eagle gold coins at the U.S. Mint surged in November, with gold demand nearly tripling month-over-month. China's gold reserves rose by another 21 tonnes in November, the biggest bout of gold buying since China began disclosing monthly data on it's gold reserves in June

Despite these very high levels of demand, gold prices fell sharply in November - from $1,141/oz to $1,070/oz or 6.6%.

 
GoldCore's picture

Gold Demand in China Heading For Record and Reserves Increase 14 Tonnes In October





While gold prices continue to languish in the doldrums and are on course for their worst month since 2013, global demand and especially Chinese retail, investor and official demand continues to remain very robust. Indeed, China looks likely to see a new record demand for gold annually again in 2015.

 
Sprott Money's picture

Physical Sales Surge, as Paper Prices Plummet





People are scared, the market is uncertain and the world is for all intents and purposes in a constant state of turmoil and flux.

 
Tyler Durden's picture

World Gold Council Continues To Hide Insatiable Chinese Gold Demand





How can so much gold be supplied to China without someone buying it and thus being genuine demand? It cannot. Chinese gold demand as disclosed by the World Gold Council (WGC) is fallacious. We were already missing 2,500 tonnes from the WGC numbers and now we have to add another 604 tonnes...

 
GoldCore's picture

U.S. Mint Sales of Gold Coins Fall In October After 234% Surge in Q3





Editor’s Note: Last week gold price fell to 5 year lows and weakness again saw canny buyers accumulate on the dip. Sales of U.S. Mint gold coins jumped the most in nearly three months. The 2015 $10 American Gold Eagles actually sold out.

 
GoldCore's picture

Gold Remains “Best Insurance For A Crisis” - Ficenec





Editor’s Note: The tragic events in Paris, terrorism and war throughout the world, show geopolitical risk remains high.  These risks will likely impact economies and financial markets and will see continuing safe haven demand for gold. “The future is uncertain and gold is the most effective insurance against that.”

 
GoldCore's picture

Gold Bullion Demand Surges 27% In Q3 - New Chinese “Buying Spree”





Gold bullion coin and bar demand surged in Q3 as gold’s continuing COMEX driven price weakness in July and sharp falls in stock markets in China and globally in August saw store of wealth buyers internationally again accumulate bullion.

 
Tyler Durden's picture

'Gold' Spikes Off 2015 Lows As Gold Coin Sales Surge To Highest Since Financial Crisis





With the 'paper' price of gold are a somewhat unprecedented barrage of selling currently (down 9 of the last 11 days) to 4-month lows, one could be forgiven for thinking that demand for the precious metal is dropping. However, as almost every nation in the world (ex US) is devaluing their currency, The World Gold Council reports that physical gold demand has risen dramatically with US gold Eagle coin sales at the highest levels since the financial crisis.

 
GoldCore's picture

China’s Central Bank Buys Another 14 Tons of Gold … Bullion Falls To 3 Month Low





China is playing the long game and they could be low balling their total gold holdings – official central bank reserves and non official, governmental holdings – in order to maintain confidence in their substantial US dollar holdings and to aid their bid to join the IMF.

 
GoldCore's picture

London and World Gold Council look to regulate OTC Gold market





The LBMA wants to boost transparency and invited the market to suggest improvements including considering a new electronic platform that may lower trading costs and improve efficiency.

 
Tyler Durden's picture

The Real Reason Belgium Sold 1,098 Tonnes Of Gold





As part of a global investigation into how much physical gold central banks have stored at what location and how much is leased out, we submitted the local equivalent of a Freedom Of Information Act (FOIA) request at the central bank of Belgium (NBB) to obtain information about the amount of Belgian official gold reserves, the exact location of all gold bars, the type of gold accounts NBB holds at the Bank Of England (BOE) and how much is leased out and to whom. The outcome of this research was not what we had expected...

 
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