Gold price: What influence does the BIS have?
The Bank for International Settlements‘ gold positions have declined by USD 6.86 billion over the past two months. That was equivalent to 134 tonnes of gold. Has the BIS influenced the price of gold?
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How much gold is there in the World?
How much gold is there in the world? What makes it so expensive? What are the chances of finding gold yourself?
Switzerland delivered 61 tons of gold to China in June
Switzerland delivered significantly less gold abroad last month than a year ago. With one prominent exception: gold exports to China rose by 59 percent.
Turkey’s gold imports collapsed in June
In June, Turkey imported 82 percent less gold than a year ago. However, the figures for the first half of the year are 92 percent higher than in the previous year. The increased sanctions against Iran could play a role.
Guess how much gold China owns!
Official data on China’s gold reserves have remained unchanged at 59.24 million ounces for the past 20 months. And there are still doubts about the figures.
US banks are massively reducing short positions in gold
At the beginning of July, US banks‘ selling positions in US gold futures trading fell by more than a quarter. Institutions‘ interest in a lower gold price should also decline accordingly.
Iran: Gold and cash against sanctions
The Iranian leadership wants to collect 300 million euros in cash from a Bundesbank account. Iran is also hedging itself against sanctions with gold.
Why gold will be boosted by Iran sanctions
The CPM Group expects demand for gold to rise in the wake of US sanctions against Iran. According to the Middle East industry consultant, oil versus gold transactions are likely to experience a new economic situation.
Iran: Gold demand rises rapidly after relaxed sanctions
In the first quarter of 2016, Iran asked for almost 15 tons of gold in the form of coins and bars alone. The country thus dominates the gold investment market in the „Middle East“.
Big Money enters Gold
Two North-American investment companies were the biggest purchasers of SPDR Gold Trust-shares in Q1’2015.
Swiss Exported 1,746 Tons of Gold, Russian Deliveries Raise Questions
Last year Switzerland has globally exported gold worth 65 billion Swiss Francs. India was the biggest buyer, Germany was ranked 5th. Russia delivered 55 tons more than it withdrew.
Swiss National Bank to buy Gold for Euros?
The latest gold share of Swiss currency reserves was 7.5 percent. After abandoning the Francs-Euro-peg the SNB could now trade Euros for gold.
German Precious Metal Dealers Report Huge Run on Silver Coins
Precious metal dealers in Germany have literally been run down after the latest slump in gold and silver. Wholesalers already expect deferred deliveries.
German Bullion Dealers Report Major Increase in Sales
Bullion dealers from all regions report that gold sales in the German bullion trade market surge since last week.
Gold in German Depots: Financial Supervisory Authority inquires Data
Goldreporter obtained information that the Federal Financial Supervisory Authority (BaFin) has asked German banks and investment intermediaries in a letter, to hand over data about their clients investments in precious metals until mid-July.
Gold delivery from London to Switzerland increased by 32 %
Latest foreign trade numbers in Switzerland list global gold transactions through their international gold hub for May.
Survey: 68 percent of Germans trust in Gold
A current survey by the German Forsa-Institute, commissioned by the precious metal vendor Pro Aurum shows, that gold is still highly recognised by the Germans, but equities have caught up in terms of profit expectations.
U.S. Bank’s Silver Short Positions send Buy Signal
U.S. Bank’s net short positions have dropped to lowest value in at least 5 years. Could indicate short term anti-cyclic buy signal.
Iraqi gold reserves triple YTD
According to latest data from the World Gold Council, compared to the previous month, Iraq has increased its gold reserves by 47.8 tons.
„If we want peace, we need money backed by gold“
Professor Anatal E. Fekete urges a gold based monetary system in order to ensure peace.
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