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BullionStar Blogs

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

Chinese Lunar Year Gold Buying Frenzy Started

Chinese Lunar Year Gold Buying Frenzy Started

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  • author Koos Jansen

Every year around January first the Chinese ramp up gold buying at retail level to an unprecedented pace (click, click and click to read about the buying spree last year). The Chinese calendar (Lunar Year) is slightly different than the Western (Gregorian) calendar. In China new year will be celebrated on February 19, 2015, this time to begin the year … Continue Reading arrow

The Turkish Gold Standard, Part 1

The Turkish Gold Standard, Part 1

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  • author Koos Jansen

One the most interesting gold markets around, but least talked about, is the Turkish gold market. The Turkish people have a strong tradition that goes back thousands of years to save in physical gold and it’s estimated 5,000 tonnes of gold are owned privately. Additionally, the Turkish central bank (CBRT) has implemented a model in … Continue Reading arrow

Yearly Shanghai Silver Volume Transcends COMEX Again, SGE Withdrawals Nearly 2,100t
The Netherlands Planned To Introduce New Currency In 2012

The Netherlands Planned To Introduce New Currency In 2012

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  • author Koos Jansen

The Netherlands (and likely Germany as well) made concrete plans in 2012 to switch to a new currency in case the euro would crash. Not long after the emergency currency was ready the Dutch began repatriating 122.5 tonnes of gold from New York. This can be very important as there is a possibility the Eurocrisis will ignite again. Monday … Continue Reading arrow

Federal Reserve Bank New York Lost 47t Of Gold In November

Federal Reserve Bank New York Lost 47t Of Gold In November

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  • author Koos Jansen

The number we all have been waiting for; The Federal Reserve Bank of New York (FRBNY), which is the custodian for parts of the official gold reserves of 36 nations and the IMF, e.g. The Netherlands and Germany, saw its inventory of foreign gold deposits drop by 47 tonnes in November 2014. Year to date … Continue Reading arrow

Gold Chat About The Chinese Gold Lease Market

Gold Chat About The Chinese Gold Lease Market

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  • author Koos Jansen

As some of you may have noticed Bron Suchecki, manager at the Perth Mint and publisher of the Goldchat blog, wrote a critical article about my recent post on the Chinese gold lease market. Firstly I would like to thank him for the work he does writing critical articles on blogs in the gold space that have lost touch with … Continue Reading arrow

BullionStar – First company in Singapore to pay employees in Gold and Silver!

BullionStar – First company in Singapore to pay employees in Gold and Silver!

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  • author BullionStar
  • comments 0 Comments

BullionStar is the first employer in Singapore to pay employees in Gold and Silver! View Channel News Asia’s coverage featuring BullionStar’s CEO, Mr. Torgny Persson and Sales Manager Mr. Vincent Tie. The press release can be read here. Continue Reading arrow

Turd Ferguson Interviews Koos Jansen

Turd Ferguson Interviews Koos Jansen

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  • author Koos Jansen

Turd Ferguson interviewed me last Thursday (October 9, 2014), a conversation worth sharing because we talked about a lot of subjects, like Chinese gold demand (government demand and non-government demand), the Shanghai Gold Exchange, the PBOC, the SDR, the IMF, the Turkish gold market, the Chinese silver market, etc. There were of course a thousand things I … Continue Reading arrow

China Buys 45t Of Gold Ahead Of Golden Week

China Buys 45t Of Gold Ahead Of Golden Week

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  • author Koos Jansen

The National Day Golden Week, a one week holiday in China mainland, yes, the Chinese name their holidays golden, began on October 1 this year, so that’s when trading stopped on the Shanghai Gold Exchange (SGE) and Shanghai Futures Exchange (SHFE). This means I only have half a story for you today. The latest withdrawal data from the SGE always … Continue Reading arrow

Confirmation PBOC Doesn't Purchase Gold Through SGE

Confirmation PBOC Doesn't Purchase Gold Through SGE

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  • author Koos Jansen

Last week I wrote Scotiabank had released an unveiling report on Chinese gold demand, written by Na Liu of CNC Asset Management Ltd.. In the report Na stated what I’ve been publishing for over a year: the amount of gold withdrawn from the vaults of the Shanghai Gold Exchange equals Chinese wholesale gold demand. This report put a little smile on my … Continue Reading arrow

New York Fed Gold Stock Tumbles 15 Tonnes In August

New York Fed Gold Stock Tumbles 15 Tonnes In August

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  • author Koos Jansen

Could it be sie Germans? Every month the Federal Reserve bank of New York (FRBNY) publishes the amount of gold it holds in custody for 36 foreign central banks and the IMF. After a significant drop in July of 24 tonnes, 15 tonnes were withdrawn from the vaults in August. Germany is the only country, that I’m aware of, … Continue Reading arrow

Chinese Gold Demand Explosive

Chinese Gold Demand Explosive

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  • author Koos Jansen

Whilst western media are still under the assumption Chinese gold demand is declining, based on data from the World Gold Council and net gold export from Hong Kong to China mainland, in reality demand is extremely strong. As I’ve previously written, the lower the price of gold will go the more physical gold will be purchased by … Continue Reading arrow

Workings Of The Shanghai International Gold Exchange

Workings Of The Shanghai International Gold Exchange

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  • 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 in late 2017. “This event is a major milestone in China’s opening of its financial market to foreign investors. The … Continue Reading arrow

Chinese Gold Demand 41t in week 37, 1331t YTD
Chinese Gold Demand 39t In Week 36, YTD 1290t

Chinese Gold Demand 39t In Week 36, YTD 1290t

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  • author Koos Jansen

Robust Chinese gold demand is keeping up its pace. Chinese wholesale demand, measured by withdrawals from the Shanghai Gold Exchange vaults, was 39 tonnes in week 36 (September 1 – 5). Year to to date 1290 tonnes has been withdrawn from the SGE vaults. Blue is weekly withdrawals in Kg, Green is withdrawals year to date … Continue Reading arrow

Another Week Of Strong Gold Demand In China

Another Week Of Strong Gold Demand In China

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  • author Koos Jansen

Silver remains scarce in Shanghai Shanghai Gold After a very strong week from August 18 to 22, in which SGE withdrawals accounted for 46 tonnes, the sequential week was nearly as strong; in between August 25 and 29 withdrawals from the SGE vaults accounted for 42 tonnes. Year to date 1251 tonnes has left the … Continue Reading arrow

Introducing the 2015 Perth Mint Lunar Series coins

Introducing the 2015 Perth Mint Lunar Series coins

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  • author BullionStar
  • comments 0 Comments

The 2015 Australian Lunar Silver Goat is now available in stock for immediate delivery.The Chinese Lunar Calandar The ShengXiao, is known in English as the Chinese Zodiac. The Chinese zodiac is a system that relates each year to an animal according to a repeated 12-year cycle. It is based on the ancient 12-year Chinese Lunar … Continue Reading arrow

Chinese Weekly Gold Demand Highest Since February
Mr Torgny Persson, CEO of Bullionstar Pte Ltd interviewed by Channel NewsAsia on 28 August 2014!

Mr Torgny Persson, CEO of Bullionstar Pte Ltd interviewed by Channel NewsAsia on 28 August 2014!

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  • author BullionStar
  • comments 0 Comments

Mr Torgny Persson, CEO of BullionStar Pte Ltd gave his views on Channel News Asia 28 August on the reason why gold and silver is valuable and why it is better to own gold than diamonds as the pricing of gold and silver is more transparent. Continue Reading arrow

Chinese Gold Demand 1163 MT YTD. Silver Surprise

Chinese Gold Demand 1163 MT YTD. Silver Surprise

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  • author Koos Jansen

Withdrawals from the Shanghai Gold Exchange (SGE), which equal Chinese wholesale demand, accounted for 35 metric tonnes in week 33 (August 4 – 8). Up 7.25 % w/w, additionally the largest amount withdrawn in 8 weeks. Year to date 1163 tonnes have been withdrawn, for which I estimate 723 tonnes had to be net imported … Continue Reading arrow

India Imports 2559 MT Silver In 5 Months

India Imports 2559 MT Silver In 5 Months

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  • author Koos Jansen

“Rupee" comes from r?pya, a Sanskrit term for silver coin While silver has been widely used as money in history, at the beginning of the 19th century gold became the dominant metal in trade. At the end of the 19th century central banks erupted around the world and began holding gold in reserve to back their currencies, … Continue Reading arrow

East Asia Geared Up For RMB Gold Trading

East Asia Geared Up For RMB Gold Trading

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  • author Koos Jansen

Weekly withdrawals from the Shanghai Gold Exchange (SGE), which equals Chinese wholesale demand, have been nearly flat for four weeks in a row. 33 metric tonnes have been withdrawn in week 32 (August 4 – 8), up a modest 4.2 % w/w. Year to date 1,127 tonnes have been withdrawn, annualized 1,831 tonnes. Gold premiums also remained flat, around … Continue Reading arrow

Global Gold Trade Declines In H1 2014

Global Gold Trade Declines In H1 2014

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  • author Koos Jansen

After having seen unprecedented amounts of physical gold moving across the globe in the aftermath of the goldprice collapse in April 2013, trade has been less robust in the past few months. In 2013 the UK net exported 1424 metric tonnes, Switzerland gross imported 3061 tonnes and gross exported 2777 tonnes, Hong Kong gross imported 2239 tonnes and gross exported … Continue Reading arrow

Buying gold using Bitcoin at BullionStar!

Buying gold using Bitcoin at BullionStar!

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  • author BullionStar
  • comments 0 Comments

Watch this video to see when David from CoinRepublic visited BullionStar’s bullion retail shop at 45 New Bridge Road in Singapore to buy gold using Bitcoins. Continue Reading arrow

Shanghai Silver In Backwardation

Shanghai Silver In Backwardation

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  • author Koos Jansen

Today the front month silver contract on the Shanghai Futures Exchange (SHFE) closed at an 8 % premium over London spot. Therewithal the futures curve of silver is in backwardation; silver is scarce in Shanghai. Backwardation means the future price is lower than the present spot price. Normally the futures curve of precious metals is in contango, meaning … Continue Reading arrow

Swiss Kid Explains Ukrainian Gold Transport By US
Chinese Gold Demand 1094 MT YTD, Silver Premium At Record High
HMRC And Eurostat Alter Historic UK Gold Trade Data

HMRC And Eurostat Alter Historic UK Gold Trade Data

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  • author Koos Jansen

It was in August 2013 when I started digging into UK gold trade data. While at the time China was importing unprecedented amounts of gold, through customs data I was able to track the source all the way back to the UK, home of the London Bullion Market. In 2013 the only available database for … Continue Reading arrow

Guest Post: 5 Chinese Ghost Cities That Came Alive
Chinese Gold Demand 1063 MT YTD

Chinese Gold Demand 1063 MT YTD

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  • author Koos Jansen

Total Chinese Reserves Reach 15,000 Tonnes For ten days I’ve been on vacation without internet, hence I missed one week to report on withdrawals from the Shanghai Gold Exchange (SGE) vaults. Here is a quick overview of what happened in the Chinese gold market in week 29 and 30. In week 29 (July 14 -18) 32 metric … Continue Reading arrow

BullionStar’s opening ceremony
Interview with BullionStar’s CEO on the development of the Asian gold market
Chinese Gold Demand 998 MT YTD

Chinese Gold Demand 998 MT YTD

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  • author Koos Jansen

Demand In Week 28 Low At 25 MT According to the SGE reports published every friday on the previous trading week, Chinese wholesale gold demand year to date, as measured by SGE withdrawals, came in at 998 metric tonnes at the end of July 11 – at the time of writing it surely has passed 1000 tonnes. If we … Continue Reading arrow

India Imported 713 MT Of Silver In April, 1921 MT YTD
Is BullionStar’s Bitcoin idea as good as gold?

Is BullionStar’s Bitcoin idea as good as gold?

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  • author BullionStar
  • comments 0 Comments

Bullionstar’s forray in allowing investors to trade Bitcoin for precious metals was featured in E27 – Asia’s leading resource platform for innovation-led businesses. Continue Reading arrow

ICBC: A New Global Currency Setup Is Being Conceived
For How Long Will People Trust Fiat Money?

For How Long Will People Trust Fiat Money?

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  • author Koos Jansen

On The Essence Of Exchange Rates I had an interesting conversation with a central banker a couple of days ago. He’s a friend of a friend and works at the Dutch central bank – will be working at the ECB next month. I invited him for drinks to ask him about banking in general and the … Continue Reading arrow

Does Wall Street Even Notice That The Emporer's Not Wearing Clothes?

Does Wall Street Even Notice That The Emporer's Not Wearing Clothes?

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  • author Koos Jansen

Written by Chris Marcus, Arcadia Economics. There are several aspects about working in today’s financial industry that are less than perfect, although gaining an insight into how many on Wall Street think and why they make the decisions that they do is certainly one of the positives. In fact what many on the outside often … Continue Reading arrow

Guest Post: Holding The metals In A Post-Western World

Guest Post: Holding The metals In A Post-Western World

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  • author Koos Jansen

Written by roguefaction A recent Chairman of that private corporation in control of the finances – perhaps even, the destiny – of the USA for the past 100 years, famously referred to the yellow metal as “a barbarous relic”. Although this Ph’d prophet of policy-managed markets has hardly been a fount of wisdom in the … Continue Reading arrow

Enlightening presentation by CEO Torgny Persson at Passport to Freedom conference in Las Vegas 2014!
Guest Post: Are The Chinese Ghost Cities Really Empty?

Guest Post: Are The Chinese Ghost Cities Really Empty?

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  • author Koos Jansen

“China is the most talked about, but the least understood", was recently being said on CNBC. I fully agree – from what I know of the Chinese gold market. Western reporting on China swings from the most powerful economy after the US, that will soon take pole position, to the biggest financial bubble on the face … Continue Reading arrow

Launch of BullionStar’s new shop

Launch of BullionStar’s new shop

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  • author BullionStar
  • comments 0 Comments

BullionStar’s new one-stop-shop for bullion is opening Monday 14 July 11:00 am. Location: 45 New Bridge Road New Bullion Showroom, Retail Shop & Vault – All in one location! With the move we will no longer have any operations in Marina Bay Financial Center Tower 2. More information will follow shortly. Continue Reading arrow

A high score of 8/10 at Bullion Reviews Singapore!

A high score of 8/10 at Bullion Reviews Singapore!

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  • author BullionStar
  • comments 0 Comments

A big thanks to our customers on their great reviews of BullionStar on Bullion Reviews Singapore! Find out how we managed to score a high score of 8 upon 10. Continue Reading arrow

Bitcoin Bullion Dealers Seek Asian Market Entrance in Singapore

Bitcoin Bullion Dealers Seek Asian Market Entrance in Singapore

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  • author BullionStar
  • comments 0 Comments

BullionStar’s CEO was intereviewed by leading alternative currency news portal, Coindesk, for being the first bullion dealer in Asia to offer Bitcoin payment for purchasing physical precious metals. Continue Reading arrow

The Straits Times 25th May 2014 – Taking a shine to gold and silver
Gold Price Manipulation Goes Mainstream On German TV
Chinese gold demand 694 MT YTD, Silver In Backwardation

Chinese gold demand 694 MT YTD, Silver In Backwardation

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  • author Koos Jansen

Total Chinese wholesale gold demand year to date reached 694 metric tonnes in week 18 (28-4-2014/30-4-2014), annualized 2004 tonnes. During that week 23 metric tonnes of gold were withdrawn from the vaults of the Shanghai Gold Exchange (SGE) in only three days! The SGE was closed on May 1 and 2. If the SGE would have been open for … Continue Reading arrow

China Its Tentacles Reaching All Over The Globe
India Imports 32 Tonnes Of Gold In February

India Imports 32 Tonnes Of Gold In February

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  • author Koos Jansen

Without further ado here are the official trade numbers from the DGCIS. INDIA IMPORTED 32 TONNES IN FEBRUARY. Gold premiums provided by Nick Laird from sharelynx.com. SILVER GROSS IMPORT WAS 486 TONNES. YTD 920 TONNES OF SILVER, ANNUALIZED 5520 TONNES. In Gold We Trust Continue Reading arrow

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