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Mac Slavo
May 6th, 2013
SHTFplan.com
With rising precious metals prices comes the age-old scam of counterfeits.
Fake gold coins and bars, many originating from China, have been discovered at dealers all over the world, including some high profile banks. Some analysts have even suspected that central banks, which hold thousands of tons of gold, may have fallen prey to the scam.
With silver having recently achieved all times highs and currently trading at around $25 [...]
London Gold Market Report
from Adrian Ash, BullionVault
Thurs 2 May, 08:10 EST
Shanghai’s Gold Premium “Crashes” as China Returns from Labor Day, ECB Cut Buoys Euro
LONDON PRICES for gold and silver both ticked higher Thursday morning, recovering half of Wednesday’s 2.4% and 4.6% falls respectively.
European stock markets reversed earlier losses and commodities also bounced after the European Central Bank decided – as widely expected – to cut its key interest rate to a [...]
The US Mint updated Silver Eagle sales totals Monday evening for the first time in a week, and now report a massive 3,975,500 ASE’s sold with 1 day remaining in the month, an all-time sales record for April.
The Mint shattered the previous all-time April sales record of 2.8 million set in 2011 by a whopping 41%, and is on pace to sell nearly 55 million ASE’s in 2013!
We suspect that had the [...]
First it was a tripling of gold sales at the UK Royal mint, and now with just 23 days in the month of April gone, it is the US Mint’s turn to reports that more gold has been sold month to date than any month since December 2009 when a record 231,500 ounces were sold. In one day, the mint sold yet another 13,000 ounces of gold, bringing the total to [...]
London Gold Market Report
from Ben Traynor, BullionVault
Wednesday 24 April 2013, 07:45 EST
Gold “Being Lifted by Physical Bar Demand” But Silver “Relatively Weak”
THE U.S. DOLLAR gold price drifted back down towards $1420 per ounce Wednesday morning in London, around 1.3% up on the week so far, amid ongoing reports of strong demand for physical gold bullion.
“The bounce in price-sensitive physical demand, especially in the emerging world, is impressive and has lifted prices,” says HSBC [...]
by GoldCore
Today’s AM fix was USD 1,424.50, EUR 1,095.52 and GBP 932.63 per ounce.
Yesterday’s AM fix was USD 1,417.25, EUR 1,091.70 and GBP 931.05 per ounce.
Cross Currency Table – (Bloomberg)
Gold fell $10.50 or 0.74% yesterday to $1,414.90/oz and silver lost 1.8%.
The U.S. Mint is suspending sales of one-tenth oz American Eagle gold coins. The Mint says that sales are suspended as inventories are depleted and need to be replenished.
Demand for [...]
We have been reporting extensively on the terminal disconnect between the paper gold market, which tumbled ten days ago for a variety of reasons, and the physical gold market which one can safely say, has seen a record surge in demand by those who wish to take advantage of the tumbling prices, depleting inventories of gold and silver in virtually all jurisdictions, and leading to the a record purchase of [...]
Paper Gold Crash Unleashed An Unprecedented Demand For Physical Gold And Silver
The following are 10 signs that the takedown of paper gold has unleashed an unprecedented global run on physical gold and silver…
#1 According to Zero Hedge, the U.S. Mint set a new all-time record for the number of gold ounces sold on Wednesday…
According to today’s data from the US Mint, a record 63,500 ounces, or a whopping 2 tons, of gold were reported [...]
By Michael
The crash of the price of paper gold on Monday has unleashed an unprecedented global frenzy to buy physical gold and silver. All over the planet, people are recognizing that this is a unique opportunity to be able to acquire large amounts of gold and silver at a bargain price. So precious metals dealers now find themselves being overwhelmed with orders in the United States, in Canada, in Europe [...]
by GoldCore
Today’s AM fix was USD 1,397.00, EUR 1,070.17 and GBP 917.09 per ounce.
Yesterday’s AM fix was USD 1,379.00, EUR 1,046.12 and GBP 903.14 per ounce.
Cross Currency Table – (Bloomberg)
Gold lost $0.20 or 0.01% yesterday to $1,373.20/oz and silver also finished with a slight loss of 0.9%.
Gold in USD, Daily – (Bloomberg)
Lower gold prices have led to a rush to buy gold coins and bars globally. Value investors and store [...]
London Gold Market Report
from Ben Traynor, BullionVault
Thursday 18 April 2013, 08:00 EST
Asia “Buys the Dip” in Gold, Western Physical Demand Also Jumps But ETF Outflows Continue
WHOLESALE prices for buying gold climbed briefly above $1400 an ounce Thursday morning, having bounced from a $50-an-ounce drop overnight, with dealers reporting strong demand for physical bullion in Asia.
In Hong Kong and Macau, the number of customers visiting stores run by the world’s biggest jewelry [...]
US Mint Sells Record 63,500 Ounces Of Gold In One Day
According to today’s data from the US Mint, a record 63,500 ounces, or a whopping 2 tons, of gold were reported sold on April 17th alone, bringing the total sales for the month to a whopping 147,000 ounces, or more than the previous two months combined with just half of the month gone.
…
So how long until the US mint “runs out” of American Eagles [...]
*BREAKING
CNT, one of the largest wholesale suppliers in the US, who is the supplier of gold blanks to the US Mint for Gold Eagles, and is a registered COMEX depository, HAS JUST SOLD OUT OF ALL PHYSICAL SILVER!!!
In the face of an EPIC TSUNAMI of gold and silver sales today as the cartel hammered the price of silver down over 11%, and off $6 from Friday’s open, we have just been [...]
and the price keeps going lower and lower? Its because the chart painters have been working overtime to make the 1st Q price look bad. Well guess what ? 1st Q is over. There is a lot of POMO’s coming but I dont think they can hold the price down much longer. I will be buying right here this weekend as Monday starts the new Q.
Today’s US Mint figures show [...]
London Gold Market Report
from Ben Traynor
BullionVault
Tuesday 19 February 2013, 07:00 EST
Gold “Headed for Sell Off” Despite Stronger US Coin Sales
WHOLESALE prices for gold bullion hovered above $1610 an ounce during Tuesday morning’s London session, having ticked higher in Asian trading following losses yesterday, as stock markets also gained, with the US set to reopen following a holiday yesterday.
Gold is still down around 3% on the month however following last week’s [...]
by GoldCore
Today’s AM fix was USD 1,670.00, EUR 1,234.93, and GBP 1,066.55 per ounce.
Yesterday’s AM fix was USD 1,678.00, EUR 1,240.02, and GBP 1,063.57 per ounce.
Silver is trading at $31.81/oz, €23.64/oz and £20.41/oz. Platinum is trading at $1,736.00/oz, palladium at $768.00/oz and rhodium at $1,200/oz.
Cross Currency and Precious Metal Table – (Bloomberg)
Gold edged off $0.50 or 0.03% in New York yesterday and closed at $1,673.00/oz. Silver rose to $32.10 in [...]
Mac Slavo
January 30th, 2013
SHTFplan.com
While public officials may be ignoring the continued deterioration of our economy, job losses to the tune of hundreds of thousands of people weekly, and the unprecedented demand for government emergency support services like unemployment insurance and food assistance, Americans who sense uncertainty in the air are flocking to the safety of physical resources.
Our first point of interest is a recent report from the Federal Reserve that [...]
First the US Mint suspends Sales… Now it’s Canada’s turn!
US Mint Out Of Silver Coins – Suspends Sales
“Authorized Purchasers,
The United States Mint has temporarily sold out of 2013 American Eagle Silver Bullion coins. As a result, sales are suspended until we can build up an inventory of these coins. Sales will resume on or about the week of January 28, 2013, via the allocation process.
Please feel free to call us if [...]
by GoldCore
Today’s AM fix was USD 1,692.25, EUR 1,268.84, and GBP 1,066.19 per ounce.
Yesterday’s AM fix was USD 1,692.50, EUR 1,268.17, and GBP 1,068.36 per ounce.
Silver is trading at $32.33/oz, €24.32/oz and £20.46/oz. Platinum is trading at $1,700.50/oz, palladium at $725.00/oz and rhodium at $1,200/oz.
Cross Currency Table – (Bloomberg)
Gold climbed $6.40 or 0.4% in New York yesterday and closed at $1,690.50/oz. Silver slipped to $31.79 in London, but it then [...]
Most of you have heard that the US Mint has once again stopped selling Silver Eagles because they have “sold out”. A few years back it was 100% against the law for them to stop production as they were legally obligated to buy silver at any price. Now Silver Eagle program can only be stopped with the authorization of the US Treasury Secretary….which was no doubt done this time. They [...]
by Bally A, Silver Doctors:
Silver expert Ted Butler has long predicted and awaited an eventual industrial shortage of physical silver, and a resulting panic silver buying that terminates the bullion bank cartel’s manipulation of the silver market.
Butler may be about to be finally proven correct, if an Apple contractor is right that Apple has delayed production on the new 27” iMacs over an industrial silver shortage in China.
With the US Mint sold out of [...]
The Other “Mint” Campaign Starts Off With A Bang: US Mint Sells 50,000 Ounces Of Gold On First Day Of Year
zerohedge.com
And we’re off to the races. Despite, or maybe thanks to, the relentless collapse in paper gold prices, US retail continues to ignore the day to day fluctuations in the stated value of the shiny metal (most of it driven by the BIS’ Benoit Gilson), and instead has learned to take [...]
ERIC SPROTT: WHY ARE INVESTORS BUYING 50 TIMES MORE PHYSICAL SILVER THAN GOLD?
By Eric Sprott
Why are (Smart) Investors Buying 50 Times More Physical Silver than Gold?
As long-time students of precious metals investing, there are certain things we understand. One is that, historically, the availability ratio of silver to gold has had a direct influence on the price of the metals. The current availability ratio of physical silver to gold for investment purposes [...]
from CNBC:
Demand for gold coins in the US has soared since the presidential election, as small investors fret about the lack of action to address America’s ballooning debt.
The US Mint’s sales of American Eagles, one of the most popular gold coins, leapt 131 percent in November, hitting their highest level in more than two years. The Royal Canadian Mint also had its strongest month of sales this year.
Terry Hanlon, president of [...]
London Gold Market Report
from Ben Traynor
BullionVault
Tuesday 11 December 2012, 07:30 EST
“Massive, Open-Ended Stimulus” Expected from Fed, More QE “Could See Gold Rally”
THE WHOLESALE gold price rose to $1712 an ounce Tuesday morning in London, a few Dollars above where they started the week, while stocks edged higher and US Treasury bonds fell ahead of tomorrow’s Federal Reserve policy decision.
All-but-one of 49 economists polled by news agency Bloomberg predict the Fed will buy [...]
In the midst of a 2 month price consolidation for both gold and silver, US Mint gold and silver eagle sales exploded in November, coming in a 3,159,500 oz of ASE’s, the 3rd highest monthly total for 2012, and 136,500 oz of AGE’s, by far the highest monthly gold sales for the US Mint for 2012.
…
The 136,500 oz gold eagle sales total was nearly triple the October sales total of 59,000, and was up an astonishing [...]
Zero Hedge
Dec 2, 2012
What changed in the last 30 days? Did the world just wake up to the idea that the only way out of this quagmire is a twisted currency war that appears to have re-ignited thanks to Abe’s efforts? Something appears to have snapped in the American psyche as the last 30 days have seen the largest physical gold sales on record. Between the search volume for ‘bulk ammo’ and this, we [...]
London Gold Market Report
from Adrian Ash
BullionVault
Friday 30 Nov, 06:35 EST
Gold Recovers Pre-Jump-and-Slump Level, Forecast to Average $1920 in 2013
GOLD PRICES rose back to $1730 per ounce in early London trade on Friday – the same level seen just before last week’s late jump and subsequent 2.0% sell-off on Wednesday.
Silver touched a new 8-week high just shy of $34.40 per ounce, while the broader commodities market ticked lower.
Major-government debt prices were [...]
London Gold Market Report
from Ben Traynor
BullionVault
Monday 1 October 2012, 07:30 EDT
“Bull Trend Intact” for Gold, But “Zero Silver Demand” Seen in India
SPOT MARKET gold bullion prices dipped below $1770 an ounce during Monday morning London trading, though they remained in line with the last fortnight’s price action, while European stock markets rallied along with the Euro following news late last week that the capital needs of Spain’s banks are within existing [...]
by GoldCore
Today’s AM fix was USD 1608.50, EUR 1278.31 and GBP 1025.70 per ounce.
Yesterday’s AM fix was USD 1,596.25, EUR 1,263.26, and GBP 1,018.34 per ounce.
In New York yesterday, gold rose to $1602.14 in late morning New York trade, but it then came under selling pressure towards the close and ended with a loss of 0.02%.
Cross Currency Table – (Bloomberg)
Gold gradually ticked higher in Asia and rose to over $1,610/oz [...]
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