• Call Contact
  • Help Help
Banner
Overview

BullionStar Blogs

BullionStar is renowned for presenting original research and expertise
covering the most important trends in the precious metals markets.

Pro-Gold Governments and Central Banks

Pro-Gold Governments and Central Banks

  • date
  • author BullionStar
  • comments 1 Comments

Many gold bugs argue that governments and central banks are generally biased against gold. In some cases, like I described in my previous post, they are right. Certain countries, with India as the most notable example, have adopted hostile gold policies. In this post, I will however show that the tide has turned with many central banks not … Continue Reading arrow

Zooming In On The Chinese Gold Lease Market
Guest Post: Spelling Out The Big Reset

Guest Post: Spelling Out The Big Reset

  • date
  • author Koos Jansen

Written by LK in Hong Kong As economies age, debt builds up. Advanced economies – those with the highest borrowing ratings by the reputable agencies they developed – have it clogging up inside all their arteries. The Big Reset will finally become inevitable, as has been acknowledged by the IMF head Largarde, mentioning the year 2020. … Continue Reading arrow

Thoughts On The Price Of Gold

Thoughts On The Price Of Gold

  • date
  • author Koos Jansen

Withdrawals from the Shanghai Gold exchange (SGE), which equal Chinese wholesale gold demand, in week 12 (March 23 – 27) accounted for 46 tonnes, down 14.5 % w/w. Year to date total withdrawals have reached 607 tonnes, up 9 % from 2014, up 33 % from 2013. Ever wondered why Chinese demand doesn’t move the price … Continue Reading arrow

Anti-Gold Governments and Central Banks

Anti-Gold Governments and Central Banks

  • date
  • author BullionStar
  • comments 1 Comments

Do central banks understand gold? Do they care about gold? Are they “pro-gold” or “anti-gold”? I will try to shed some light on this frequently discussed subject. In this first post, I will discuss the gold policies of some countries’ often pointed out to make the case that central banks are discouraging private gold hoarding … Continue Reading arrow

This Is What The AIIB Is About

This Is What The AIIB Is About

  • date
  • author Koos Jansen

Until March 31 countries can submit for membership of the Asian Investment Infrastructure Bank (AIIB), a financial institution proposed by China, which has the purpose of being a multilateral framework to finance infrastructure projects in the wide Eurasian region. In recent weeks many Western countries have submitted for membership, the US rejected application as it fears … Continue Reading arrow

When Will China Disclose Its True Official Gold Reserves And How Much Is It?
Euronews: If China Joins The New Gold Fix, There'll Be Less Manipulation

Euronews: If China Joins The New Gold Fix, There'll Be Less Manipulation

  • date
  • author Koos Jansen

On March 24, 2015, Euronews broadcasted Business Middle East, in which Nour Al Hammoury from ADS securities, stated that if Chinese banks would join the new gold fix it would be less sensitive for manipulation. Having Chinese banks participate in the fix, would indeed be very welcome. If you like to read more about if Chinese … Continue Reading arrow

The Largest Gold Mints Of The World

The Largest Gold Mints Of The World

  • date
  • author Koos Jansen

The most recent data available suggests the US Mint is currently the largest mint on the planet in terms of production output, having produced 4.54 tonnes of gold in Eagles and Buffalos year to date (January and February 2015). The largest gold mints of the world are the Turkish State Mint, Chinese Mint, South African Mint, … Continue Reading arrow

Indian Gold Import Exploding In March

Indian Gold Import Exploding In March

  • date
  • author Koos Jansen

March has not even ended, though preliminary data indicates India has already imported over 130 tonnes of gold this month. Because of a “current account deficit" the Indian government decided in March 2012 to raise to import duty on gold from 2 % to 4 %, in June 2013 from 4 % to 8% and in … Continue Reading arrow

Will The Shanghai International Gold Exchange Facilitate Gold Inclusion Into The SDR?
Xinhua: China And Germany Deepen Financial Cooperation, Germany Joins AIIB And Supports RMB Inclusion Into SDR
SGE Withdrawals 51t In Week 10, YTD 508t.

SGE Withdrawals 51t In Week 10, YTD 508t.

  • date
  • author Koos Jansen

Withdrawals from the Shanghai Gold exchange (SGE), which equal Chinese wholesale gold demand, in week 10 (March 9 – 13) accounted for 51 tonnes. Year to date total withdrawals have reached 508 tonnes. Chinese wholesale gold demand can be slightly less than what is disclosed because of withdrawals from the Shanghai International Gold Exchange. My … Continue Reading arrow

London Gold Fixing website www.goldfixing.com taken offline
UN Preparing For Global Sovereign Debt Restructuring
SGE Withdrawals In Perspective

SGE Withdrawals In Perspective

  • date
  • author Koos Jansen

In 2014 SGE withdrawals, which can be used as a proxy for Chinese wholesale gold demand, have lost their accuracy since the Shanghai International Gold Exchange (SGEI) was launched in September, providing foreign enterprises to trade gold in renminbi, take delivery and export the gold from the Shanghai Free Trade Zone (FTZ). SGE and SGEI withdrawals … Continue Reading arrow

China, Gold, SDRs And The Future Of The International Monetary System
SGE Withdrawals 45t Week 9, YTD 456t

SGE Withdrawals 45t Week 9, YTD 456t

  • date
  • author Koos Jansen

Chinese wholesale gold demand, that equals withdrawals from the vaults of the Shanghai Gold Exchange (SGE), accounted for 45 metric tonnes in week 9 of 2015 (March 2 – 6). Year to date 456 tonnes have been withdrawn from the SGE vaults. An estimate suggests 340 tonnes has been net imported into the Chinese domestic … Continue Reading arrow

BullionStar Financials 2014 – Year in Review

BullionStar Financials 2014 – Year in Review

  • date
  • author BullionStar
  • comments 1 Comments

BullionStar financial oversight at the end of 2014. BullionStar reports 2014 gross revenue of SGD 53 M. The average order was SGD 6,475 whereas the medium order was SGD 1,018. BullionStar.com had more than 850,000 visits in 2014. By introducing new concepts to the bullion industry, BullionStar expects to continue to grow significantly in 2015. Continue Reading arrow

Chinese Banks as direct participants in the new LBMA Gold and Silver Price auctions? Not so fast!
The Mechanics Of The Chinese Domestic Gold Market

The Mechanics Of The Chinese Domestic Gold Market

  • date
  • author Koos Jansen

This post is part of the Chinese Gold Market Essentials series. Click here to go to an overview of all Chinese Gold Market Essentials for a comprehensive understanding of the largest physical gold market globally. This post was updated until 2016. The largest physical gold market globally is the Chinese domestic gold market. At the core of this … Continue Reading arrow

How The World Is Being Fooled About Chinese Gold Demand

How The World Is Being Fooled About Chinese Gold Demand

  • date
  • author Koos Jansen

Kindly note the pattern There is a story being told to the masses about Chinese gold demand that is grossly incorrect. The huge discrepancy between numbers from the World Gold Council (WGC) and actual gold demand is so wide yet cunningly hidden I must conclude there is essential information about physical gold demand deliberately kept privy. … Continue Reading arrow

Chinese Gold Financing Deals Explained

Chinese Gold Financing Deals Explained

  • date
  • author Koos Jansen

One of the main causes some of my colleague gold analysts assume SGE withdrawals are inflated and cannot be used as a measure for Chinese wholesale gold demand, is because of Chinese Commodity Financing Deals (CCFDs). However, this analysis is incorrect as will be demonstrated in this post. Round Tripping And Chinese Gold Trade Rules CCFDs are … Continue Reading arrow

Where Did The Gold In Fort Knox Come From? Part One

Where Did The Gold In Fort Knox Come From? Part One

  • date
  • author Koos Jansen

In contrast to what is widely assumed, the gold in Fort Knox has not mainly been supplied by gold coins in circulation in the United States before the Great Gold Confiscation by President Roosevelt in 1933. Whilst me and Mr. Manly are researching how much gold is left in the vaults in the United States – … Continue Reading arrow

The Bank of England and the London Gold Fixings in the 1980s

The Bank of England and the London Gold Fixings in the 1980s

  • date
  • author Ronan Manly
  • comments 0 Comments

With the current structure of the London gold price fixings disappearing in the very near future, there is an unusual story that I’d like to share about the gold fixings. It concerns the Bank of England’s ‘gold activities’ in the daily London Gold Fixings during the 1980s, and my attempts to get the Bank to explain … Continue Reading arrow

1973 EU CB's Traded Gold In Secret At Free Market Price

1973 EU CB's Traded Gold In Secret At Free Market Price

  • date
  • author Koos Jansen

Another piece of the puzzle The more I read about it the more clear it becomes that the euro, at first a monetary block in Europe, was spawned right after the US abandoned gold in 1971. The European Community (EC) block was the biggest threat for the US hegemony in the seventies, if Europe would unite it could break the … Continue Reading arrow

Austria Expresses Concern Over Their Gold At BOE
SGE Chairman: India Will Become SGE’s Largest Partner
Gold Meeting Nixon & Pompidou 1971, Azores

Gold Meeting Nixon & Pompidou 1971, Azores

  • date
  • author Koos Jansen

President of France Georges Pompidou, President of the United States Richard Nixon and National Security Advisor of the United States Henry Kissinger met on December 13 and 14, 1971, at the Azores to negotiate the value (rigging) of gold and all other major currencies in the world at the time. Three months prior to the … Continue Reading arrow

Spotlight on Greece’s Gold Reserves and Grexit

Spotlight on Greece’s Gold Reserves and Grexit

  • date
  • author Ronan Manly
  • comments 2 Comments

With the Greek Government and the Troika back in the news right now, it’s a good time to take a look at Greece’s official gold reserves and examine how much gold Greece claims to hold, where this gold might be located, and explore the impact that the European bailouts or a Greek Euro exit might have … Continue Reading arrow

SGE Withdrawals 59t in week 6, YTD 374t: Chinese Gold Soap Extended Another Season

SGE Withdrawals 59t in week 6, YTD 374t: Chinese Gold Soap Extended Another Season

  • date
  • author Koos Jansen

The latest numbers from the Shanghai Gold Exchange (SGE) demonstrate a little over 59 tonnes have been withdrawn from the vaults in week 6 of 2015, down 0.35 % w/w. SGE withdrawals, which are often used as a proxy for Chinese wholesale gold demand, account for an amazing 374 tonnes year to date, up 17 … Continue Reading arrow

Willem Middelkoop: A New Gold Standard In The Making

Willem Middelkoop: A New Gold Standard In The Making

  • date
  • author Koos Jansen

Written by Willem Middelkoop “Putin is the biggest gold bug”, was the title of a recent Bloomberg op-ed by Leonid Bershidsky the founding editor of Vedomosti, Russia’s top business daily. He explains why the Russian central bank has accumulated almost 100 tons of gold in the last four months of 2014. It is an acceleration … Continue Reading arrow

Koos Jansen vs WGC/GFMS/CPM Update

Koos Jansen vs WGC/GFMS/CPM Update

  • date
  • author Koos Jansen

Recently Thomson Reuters GFMS released its global gold demand figures for 2014 in which they stated Chinese demand was 866 tonnes. I briefly expanded on why I didn’t agree with this number by a humongous margin in my post from January 30 – as Chinese supply was at least 1,834 tonnes. Followed by a post released January … Continue Reading arrow

The IMF’s Gold Depositories – Part 2, Nagpur and Shanghai, the Indian and Chinese connections

The IMF’s Gold Depositories – Part 2, Nagpur and Shanghai, the Indian and Chinese connections

  • date
  • author Ronan Manly
  • comments 1 Comments

Part 1 of the IMF’s Gold Depositories series explained the legal background as to why the IMF originally made the decision to hold gold at the Federal Reserve Bank of New York, the Bank of England, the Banque de France and the Reserve Bank of India. See Part 1 for details, but as a quick … Continue Reading arrow

SGE Withdrawals 59t in Week 5, YTD 315t. What is China Up To With All This Gold?

SGE Withdrawals 59t in Week 5, YTD 315t. What is China Up To With All This Gold?

  • date
  • author Koos Jansen

The day after the World Gold Council (WGC) released Gold Demand Trends Full Year 2014 in which they audaciously pretend Chinese gold demand last year was 814 tonnes, we can read from the Chinese SGE trade report of week 5 withdrawals from the vaults have been 59 tonnes. Year to date (– February 6) withdrawals … Continue Reading arrow

Is The $/Yen About To Take A Swan Dive?

Is The $/Yen About To Take A Swan Dive?

  • date
  • author Koos Jansen

When I looked at the chart of the $/Yen I recognized the formation immediately. Here is the current chart of $/Yen. Notice the breakout to the upside of a flat-bottomed triangle. Now where did we see something similar? This is a chart of GLD going back five years. Notice how GLD topped, formed a flat … Continue Reading arrow

The Keys to the Gold Vaults at the New York Fed – Part 3: ‘Coin Bars’, ‘Melts’ and the Bundesbank
Second Thoughts On US Official Gold Reserves Audits

Second Thoughts On US Official Gold Reserves Audits

  • date
  • author Koos Jansen

This post is a sequel to “A First Glance At US Official Gold Reserves Audits”. What is not often covered in the media or blogosphere are the audits of the US official gold reserves stored at the US Mint, which is the custodian for 95 % (7716 tonnes) of the stash – nowadays also referred … Continue Reading arrow

Total SGE Withdrawals 255t In January, Up 4 % y/y

Total SGE Withdrawals 255t In January, Up 4 % y/y

  • date
  • author Koos Jansen

In the last trading week of January another huge quantity of gold left the vaults of the Shanghai Gold Exchange (SGE). According to the latest SGE data nearly 54 tonnes were withdrawn in week 4 (January 26 – 30), down 24 % w/w. Year to date a staggering 255 tonnes has been withdrawn, up 4 … Continue Reading arrow

Belgium Denies To Repatriate Gold From The UK

Belgium Denies To Repatriate Gold From The UK

  • date
  • author Koos Jansen

Belgian newspaper Het Nieuwsblad was reporting on Wednesday Belgium will repatriate 200 tonnes of gold from the Bank Of England (BOE). De Tijd is now stating the opposite, quoting the governor of the Belgian Central Bank (NBB) Luc Coene: The repatriation from the UK is not true…. There are other and more effective ways to … Continue Reading arrow

Press Release – Gold Bars traded without spread – A world’s first!
GFMS Reports Chinese Gold Trade Volume Incorrect By 100%

GFMS Reports Chinese Gold Trade Volume Incorrect By 100%

  • date
  • author Koos Jansen

Thomson Reuters GFMS, one of the leading consultancy firms regarding precious metals supply and demand data has recently released the GFMS Gold Survey 2014 – Update 2. From the report: Thomson Reuters’ supply and demand data are collected and collated by our team of research analysts based in Australia, China, Europe, India and the USA within … Continue Reading arrow

Federal Reserve New York Gold Withdrawal Numbers 2014 Don’t Match Dutch-German Repatriation Claims
BOOM: SGE Withdrawals Week 3, 2015: 71 tonnes!

BOOM: SGE Withdrawals Week 3, 2015: 71 tonnes!

  • date
  • author Koos Jansen

As I wrote last time on data from the Shanghai Gold Exchange (SGE), in week 2 of 2015 withdrawals from the vaults of the SGE (that equal Chinese wholesale demand) came in extremely high at 70 tonnes; the third highest amount ever. In week 3 (January 19 – 23), though, the Chinese withdrew even more at … Continue Reading arrow

The IMF’s Gold Depositories – Part 1, The Legal Background
The Keys to the Gold Vaults at the New York Fed – Part 2: The Auxiliary Vault

The Keys to the Gold Vaults at the New York Fed – Part 2: The Auxiliary Vault

  • date
  • author Ronan Manly
  • comments 11 Comments

The FRBNY’s Auxiliary Vault As mentioned in Part 1 of Keys to the Gold Vaults at the New York Fed, there are two gold vaults at the New York Fed, the main vault and the auxiliary vault. Very little is written anywhere about the FRBNY’s auxiliary vault, or the ‘aux vault’ as it has sometimes been … Continue Reading arrow

Netherlands Did Not Increase Gold Holdings In December

Netherlands Did Not Increase Gold Holdings In December

  • date
  • author Koos Jansen

Many newswires are reporting the Dutch central bank has increased its gold holdings by 10 tonnes in December 2014. However, the increase in holdings is not shown on the balance sheet of the central bank of the Netherlands. Just a moment ago the Dutch central bank (DNB) officially denied the increase of its precious metals holdings. … Continue Reading arrow

India Silver Import 2014 At 7,063 Tonnes, Up 15 %
Booming SGE withdrawals In Week 2, 2015: 70 Tonnes

Booming SGE withdrawals In Week 2, 2015: 70 Tonnes

  • date
  • author Koos Jansen

Withdrawals from the vaults of the Shanghai Gold Exchange (SGE) in week 2 of 2015 (12 – 16 January) accounted for an incredible 70 metric tonnes. Aggregated withdrawals in the first two weeks of this year stand at 131 tonnes. Corrected by the volume traded on the Shanghai International Gold Exchange (SGEI), withdrawals in week … Continue Reading arrow

Will Gold Be Part Of A New International Monetary System?
We use cookies to enhance the user experience and to analyse traffic. Cookies are also used for the purpose of handling our system and services. By using our website, you accept that cookies are used. You can change the usage of cookies in your browser. The usage of cookies and the collection of customer information by BullionStar is guided by our Privacy Policy.