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Writers Torgny Persson, Koos Jansen
& Hong Kang See
Chinese And Russian Central Bank Continue To Add Gold To Official Reserves: 16 & 31 Tonnes In August
Friday the 2nd of October 2015
The People’s Bank Of China (PBOC) has added 16 tonnes of gold to its official reserves now totalling 1,694 tonnes in August 2015. The gain in August is the third monthly increment in a row after a period of silence by the PBOC since 2009. The change in reporting, the amounts reported and the fact the gold is mark-to-market is a clear sign of a strategy not merely aimed at SDR acceptance. More so to prepare for a post-dollar international monetary system.
China is joining Russia in increasing its official gold reserves on a monthly basis. Russia added a whopping 31 tonnes in August, the highest since March and the fourth highest in recent history. These two countries are by far the largest official gold buyers globally, which can only be seen in the greater scheme of things. China and Russia both form a threat to US dominance by the size of their economies (Russia is tenth largest economy, China is the second largest economy), the multilateral collaborations organized around the Eurasian continent, bold statements about the necessity of gobal de-dollarization and gold accumulation in anticipation of a new international monetary order.
The threat to the US dollar hegemony is underlined by adjustments in purchases of US government bonds (US Treasury’s - USTs) by China and Russia. US bonds have been the central pillar of the international monetary system for decades, but are not able to serve this purpose indefinitely. Issuance of USTs, to supply international reserve assets, gives the US an exorbitant privilege in funding to the detriment of all other nations. Furthermore, massive global demand for USTs lowers its coupon interest rate, feeding... Continue Reading
By: Koos Jansen
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Buy Gold Singapore
There are a number of reasons to buy gold in Singapore. Some people buy gold as investment whereas some people buy because they view gold as money. This text gives you an overview of the characteristics of gold and why it is sensible to buy gold.
When you buy gold in times of economic uncertainty you obtain an insurance against the crumbling financial system. When you buy gold in good economic times, you get an asset that withstands inflation and that has been retaining its value for thousands of years.
When you buy gold, you buy an asset that has an intrinsic value because of its useful qualities. Our current fiat money has lost 98 % in merely 100 years. Our monetary system is more fragile than ever. If you instead buy gold, you get an asset that has been retaining its value for thousands of years.
It is safe and secure to buy from BullionStar. When you buy gold from us, you receive unparalleled service. You can follow the full process from the order placement to receiving the products. Bullion products can be viewed, bought and personally collected from our shop at 45 New Bridge Road, Singapore 059398. Alternatively they can be securely store with BullionStar's storage solution My Vault Storage® or shipped to you.
Some of the advantages of buying gold from BullionStar in Singapore include:
Buy Silver Singapore
Thinking about gold? Buy silver in Singapore! Silver has similar characteristics as gold but has even greater upside potential. But is it really a good idea to buy silver when the price of silver has increased significantly over the last years?
Even though the price of silver has increased, it is likely that we have only seen the beginning of the surge. When you own silver, you own a metal with similar characteristics as gold. The argument for buying silver rather than buying gold is that the supply of silver is very limited while at the same time, the demand is high and rising.
There has been a physical shortage of silver several times during the last years. When silver shortages have appeared, physical silver has been valued higher than the official market price of silver. The reason for this is that silver can be bought in different forms, either as certificates or in physical form.
When you buy silver certificates, you can never be sure that the physical silver exists. There are more silver certificates on the market than there is physical silver. It is therefore essential that you demand physical delivery when you buy silver.
Some of the advantages of buying silver from BullionStar in Singapore include:
- You choose whether to pick up the silver you have bought in our shop at 45 New Bridge Road, Singapore 059398, store your silver securely in "My Vault Storage®" or ship your silver to your delivery address.
The demand for silver is growing exponentially. Silver is already used in tens of thousands industrial applications such as mobile phones, computers, iPads and solar panels. When you buy silver, you buy a metal with excellent industrial characteristics. A few examples of this are that silver conducts electricity and heat very well.
The silver market is very small compared to most other asset markets and has been a forgotten market for many decades. If you buy silver, you will get an asset with superior potential but with limited risk.
Buy silver in Singapore to get a safe asset with perhaps even more potential than gold. Read this article for more information about silver as investment.
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