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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.

The Gold Price And Global Flows. The UK Net Imported 152 tonnes In June.

The Gold Price And Global Flows. The UK Net Imported 152 tonnes In June.

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  • author Koos Jansen

On a firmly rising gold price the UK is one of the largest net importers of gold in 2016. The gold price went up 25 % from $1,061.5 dollars per troy ounce on January 1 to $1,325.8 on June 31. Over this period the UK net imported 583 tonnes and GLD inventory mushroomed by 308 tonnes. In … Continue Reading arrow

Infographic: The Chinese Gold Market

Infographic: The Chinese Gold Market

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  • author BullionStar
  • comments 1 Comments

This Chinese Gold Market infographic guides you through the largest physical gold trading market in the world, China. An impressive 16,000 tonnes of gold are held within China’s borders. Did you know that the Chinese wholesale demand for physical gold was an astounding 2,596 metric tonnes in 2015? This was supplied by China mining more … Continue Reading arrow

Golden Stockpiles – The Key to Gold as a Store of Value and Safe Haven
The Charade Continues – London Gold and Silver Markets set for even more paper trading
Australia Customs Department Confirms BullionStar’s Analysis On Gold Export To China.
“How Safe is your Gold?” – Transcript of Speech by BullionStar CEO

“How Safe is your Gold?” – Transcript of Speech by BullionStar CEO

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  • author BullionStar
  • comments 0 Comments

The following is the transcript of a presentation made by BullionStar’s CEO Torgny Persson on 14 July 2016 to an audience at the FreedomFest conference in Las Vegas, USA: Liberty is Prevailing Freedom, ladies and gentleman. Freedom is the right to think, speak and act the way that we want. I think I speak for … Continue Reading arrow

GLD Sponsor dodges disclosure details of Bank of England sub-custodian in latest SEC filing
Austrian Mint sells 41 tonnes of gold coins and gold bars in 2015

Austrian Mint sells 41 tonnes of gold coins and gold bars in 2015

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  • author Ronan Manly
  • comments 0 Comments

Earlier this year, the director of marketing and sales at the Austrian Mint confirmed to Bloomberg in an interview that the Mint’s combined gold bar and gold coin sales in 2015 had totalled 1.32 million troy ounces, a 45% increase on 2014, while the Mint’s silver sales in 2015 had reached 7.3 million ounces, a … Continue Reading arrow

Execs flee GLD – The revolving door at the SPDR Gold Trust Sponsor
Wrap-Up of BullionStar’s visit to FreedomFest 2016 in Las Vegas
Rand Paul’s keynote at FreedomFest 2016, and BullionStar’s interactive game
How Safe is your Gold?” – BullionStar CEO’s speech at FreedomFest
BullionStar exhibiting at FreedomFest in Las Vegas
SPDR Gold Trust gold bars being held at the Bank of England

SPDR Gold Trust gold bars being held at the Bank of England

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  • author Ronan Manly
  • comments 12 Comments

One of the most notable developments accompanying the gold price rally of 2016 has been the very large additions to the gold bar holdings of the major physically backed gold Exchange Traded Funds (ETFs). This is especially true of the SPDR Gold Trust (ticker GLD). The gold bar holdings of the SPDR Gold Trust peaked at 1353 … Continue Reading arrow

Chinese Gold Demand 973t In H1 2016, Nomura ...

Chinese Gold Demand 973t In H1 2016, Nomura ...

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  • author Koos Jansen

Chinese wholesale gold demand, as measured by withdrawals from the vaults of the Shanghai Gold Exchange (SGE), reached a sizable 973 metric tonnes in the first half of 2016, down 7 % compared to last year. Although Chinese gold demand year to date at 973 tonnes is slightly down from its record year in 2015 – … Continue Reading arrow

Bullion coin sales boost Mints' revenues - Inside BullionStar
Gold & Brexit

Gold & Brexit

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  • author BullionStar
  • comments 1 Comments

In what was an extraordinary day for global financial markets, and a day which will no doubt become legendary and enter folk memory in the UK and elsewhere, the electorate of the United Kingdom voted 51.9 % to 48.1% to leave the European Union. As the first count results began trickling in during the very … Continue Reading arrow

Saving in Gold vs. Investing in Gold

Saving in Gold vs. Investing in Gold

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  • author BullionStar
  • comments 3 Comments

There are differing views on choosing the optimal percentage of gold to hold in an asset portfolio. These different viewpoints depend on how one views gold. Those looking for a return on their money in currency terms perceive gold as an investment which they can sell at a currency price higher than what they bought … Continue Reading arrow

Currencies are Worthless

Currencies are Worthless

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  • author BullionStar
  • comments 4 Comments

16 June 2021 is exactly five years from today. What will the gold price be on 16 June 2021? Currencies are Worthless As the world’s fiat paper currencies have lost 99% or more of their purchasing power over the last 100 years, its critical to understand that fiat paper currencies are not a suitable unit … Continue Reading arrow

Central Bank & Governments and their gold coin holdings

Central Bank & Governments and their gold coin holdings

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  • author Ronan Manly
  • comments 1 Comments

Within the world of central bank and government gold reserves, there is often an assumption that these gold holdings consist entirely of gold bullion bars. While this is true in some cases, it is not the fully story because many central banks and governments, such as the US, France, Italy, Switzerland, the UK and Venezuela, … Continue Reading arrow

Apples and Oranges: An update on LBMA Refinery Statistics and GFMS
Offshore Bullion Storage or 3 eggs?

Offshore Bullion Storage or 3 eggs?

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  • author BullionStar
  • comments 0 Comments

What does one hundred trillion dollars buy you? How about a mansion in every country, an airplane at every airport and a private island in every ocean? How about 3 eggs? When Zimbabwe issued its infamous 100 000 000 000 000 dollar bill, it could buy 3 eggs on the day it was issued. A … Continue Reading arrow

Spotlight on LPMCL: London Precious Metals Clearing Limited
LPPM – The London Platinum and Palladium Market

LPPM – The London Platinum and Palladium Market

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  • author Ronan Manly
  • comments 1 Comments

The platinum and palladium markets arguably receive more focus during the third week of May than at any other time of the year. This is due to a series of events hosted in London known as London Platinum Week. London Platinum Week, which also covers other platinum group metals such as palladium, is coordinated by … Continue Reading arrow

Infographic: COMEX Gold Futures Market

Infographic: COMEX Gold Futures Market

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  • author BullionStar
  • comments 5 Comments

This COMEX Gold Futures Market infographic guides you through the largest gold futures market in the world, COMEX. Did you for example know that only 1 in 2500 contracts on COMEX goes to physical delivery whereas the other 2499 contracts are cash-settled? This corresponds to a delivery percentage of 0.04% of all gold contracts. The US … Continue Reading arrow

Lars Schall Matterhorn Interview with Ronan Manly, April 2016
Infographic: London Gold Market

Infographic: London Gold Market

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  • author BullionStar
  • comments 3 Comments

This London Gold Market infographic guides you through the secretive OTC wholesale gold market in London. The London Gold Market is the largest gold market in the world and the volumes traded are staggering. The London Market serves as a price discovery market for the worldwide gold spot price and is home to the London Bullion … Continue Reading arrow

Shanghai Gold Benchmark Price - New Kid on the Block

Shanghai Gold Benchmark Price - New Kid on the Block

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  • author Ronan Manly
  • comments 4 Comments

Exactly 19 months to the day after the International Board of the Shanghai Gold Exchange (SGE) held its first full trading session on 19 September 2014, the Shanghai Gold Exchange launched the Shanghai Gold Benchmark Price auction on 19 April 2016. In China, the number 19 is very auspicious since it consists of lucky number … Continue Reading arrow

Gold Vault Profiles

Gold Vault Profiles

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  • author BullionStar
  • comments 1 Comments

Many topics in the world of gold are opaque and secretive, none more so than the famed gold vaults of the world’s major central banks and their bullion banking counterparts. BullionStar Gold University is now bringing transparency to this intriguing yet under-reported area by profiling the largest and most important of these gold vaults. According … Continue Reading arrow

HSBC’s London Gold Vault: Is this Gold’s Secret Hiding Place?

HSBC’s London Gold Vault: Is this Gold’s Secret Hiding Place?

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  • author Ronan Manly
  • comments 2 Comments

HSBC’s main gold vault in London regularly comes under the media spotlight for a number of reasons. These reasons include: a) the HSBC London vault stores a very large amount of gold on behalf of gold-backed Exchange Traded Funds, primarily the well-known SPDR Gold Trust (GLD) b) along with the Bank of England vaults and … Continue Reading arrow

新加坡贵金属市场行情 - 投资储藏黄金白银新的好地方
Silver Bullion in Singapore

Silver Bullion in Singapore

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  • author BullionStar
  • comments 0 Comments

Singapore is one of the best jurisdictions in the world for buying silver bullion. Both silver coins and silver bars are exempted from GST in Singapore. For physical silver bars the criteria is that the silver bar has to be produced by an LBMA-approved refinery and be of a minimum purity of 99.9% silver. For … Continue Reading arrow

Deutsche Bank agrees to settle with Plaintiffs in London Silver Fixing litigation
The Gold Vaults of Hong Hong: Brinks, Loomis, Malca Amit and G4S

The Gold Vaults of Hong Hong: Brinks, Loomis, Malca Amit and G4S

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  • author Ronan Manly
  • comments 0 Comments

The article “From Good Delivery bars to Kilobars – The Swiss Refineries, the GFMS data, and the LBMA" examined the mountain of evidence concerning the known Swiss conversion of Good Delivery bars into kilobars for export to gold markets in the East. As a further step in this process, it’s worth taking a look at the … Continue Reading arrow

SGX Kilobar Gold contract vs Trading with BullionStar
BullionStar’s visit to the World Money Fair in Berlin

BullionStar’s visit to the World Money Fair in Berlin

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  • author BullionStar
  • comments 0 Comments

In early February, I visited the World Money Fair in Berlin with a number of BullionStar executives, namely, Torgny Persson, CEO of BullionStar, Luke Chua, COO of BullionStar, and also Michael From, CEO of Liberty Silver in Sweden, a company founded by Mr Persson. The World Money Fair is the world’s leading numismatic and precious … Continue Reading arrow

Venezuela Exported Another 12t Of its Official Gold Reserves To Switzerland In February
SGE Trading Volume 2015 Up 84 % Y/Y Due to International Board

SGE Trading Volume 2015 Up 84 % Y/Y Due to International Board

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  • author Koos Jansen

In two parts I will present an overview of the Chinese gold market for calendar year 2015. In this part we’ll focus on Shanghai Gold Exchange trading volumes. In the next post we’ll focus on physical supply and demand flows in Chinese gold market in 2015. First, let us quickly assess the core volume data … Continue Reading arrow

Venezuela exported 12.5 tonnes of gold to Switzerland on 8 March 2016, via Paris
Kazakhstan & China Join Forces In Gold Market

Kazakhstan & China Join Forces In Gold Market

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  • author Koos Jansen

Silk Road Gold Trading Kicks Off The other day I bumped into a small but potentially important news item on the website of the Shanghai Gold Exchange. The article was published in Mandarin, of course, as the Chinese (authorities) hardly ever publish valuable information in English – most articles published in English have been intentionally … Continue Reading arrow

SGE Confirms To Continue Publish Withdraw Data!
Precious Metals Import India 2015 Strong, Government Hopelessly Continues To Obstruct Demand
COMEX Gold Futures Can Be Settled With Eligible Inventory

COMEX Gold Futures Can Be Settled With Eligible Inventory

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  • author Koos Jansen

The 100-ounce Gold futures contract listed on the COMEX in New York can be traded in OTC market through which the contract can be “settled" with anything that resembles the underlying asset, for example gold recorded as eligible inventory in COMEX approved depositories. Make sure you’ve read GOFO And The Gold Wholesale Market before continuing. … Continue Reading arrow

Dutch Central Bank Considers To Relocate Gold Vault And Publish Gold Bar List
GOFO And The Gold Wholesale Market

GOFO And The Gold Wholesale Market

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  • author Koos Jansen

An essay on the relationship between GOFO, gold forwards, the gold lease rate and the US dollar interest rate. In order to continue to reveal essential information about the physical and paper gold markets around the world, first I would like to expand on the inner workings of the gold wholesale market. In this post we’ll use … Continue Reading arrow

Venezuela Exports 36t Official Gold Reserves To Switzerland
Oil & US Dollar & Gold

Oil & US Dollar & Gold

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  • author BullionStar
  • comments 6 Comments

In the midst of upwards trending oil prices a decade ago, a US senate committee recommended actions to curb the high oil price to mitigate the negative effect on growth. Ok, great, the oil price went from north of USD 140 in 2008 to around USD 30 now. But now, mainstream economists are disappointed that … Continue Reading arrow

London Was Bleeding 184t Of Gold In December While China Imported At Least 217t

London Was Bleeding 184t Of Gold In December While China Imported At Least 217t

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  • author Koos Jansen

When there is no more gold left in London to export the gold price is likely to go higher on strong global demand induced by economic headwind. At the time of writing the spot gold price is $1,251.80 per ounce, up 18 % year to date, while the S&P 500 is down 9 % year to date. In … Continue Reading arrow

The LBMA Silver Price – Broken Promises on Wider Participation and Central Clearing
Gold Trends 2016

Gold Trends 2016

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  • author BullionStar
  • comments 4 Comments

Let’s look into the crystal ball to see what 2016 – The Year of the Monkey – has in store for us when it comes to the gold market. Gold Price What will the price of gold be at the end of 2016? Will it dip under USD 1,000/oz? To answer that question, we first … Continue Reading arrow

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