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Oxi (No) is the vote – Increased demand for physical gold

PRESS RELEASE  6th July 2015 For immediate release Singapore: Demand for physical gold has increased significantly in the last week leading up to the Greek referendum and is expected to continue to increase following Sunday’s outcome of the referendum with 61 % voting No. Mr. Torgny Persson, CEO of BullionStar Pte Ltd says: ”Demand for gold has more than doubled... Continue Reading

Gold replacing the US Dollar as reserve asset

The title to this blog post may feel contradictory as the US Dollar has appreciated against all other major currencies during the last year. One year ago, it took 74 euro-cents to buy one US Dollar, today it takes 89 euro-cents. Source: BullionStar Charts The US has for most of the last half century been running perpetual trade deficits building up their close to USD... Continue Reading

Back to Basics: Debt 101

Debt makes the world go round - Anon. Money at present, as we covered in the previous chapter, is merely a debt that a government owes you that can be used to pay for another debt of your choice. Now, if money - the basic medium of all transactions - is debt, what happens when this translates into something a bit more "sophisticated"? Think along the lines... Continue Reading

Interview Koos Jansen, Torgny Persson and Ronan Manly

Interview with BullionStar's three bloggers, Mr. Koos Jansen, Mr. Ronan Manly and BullionStar's CEO, Mr. Torgny Persson,  sharing their opinions of the current monetary system, gold and central banks.                          Koos Jansen                       Torgny Persson                     Ronan Manly Question 1: When did you... Continue Reading

Back to Basics: Money 101

Money's a matter of functions four, A Medium, a Measure, a Standard, a Store. - William Stanley Jevons, Money and the Mechanism of Exchange (1875) As this simple poetic stanza rolls off your tongue in military-like cadence, it encapsulates the very definition of money with unrivaled precision and simplicity. This is Money 101. Money is: 1. A Medium of Exchange 2. A... Continue Reading

What to make of the staggering US trade deficit?

March 2015 Data When the imports and exports figures of March were released, the world was taken aback when the United States announced that their trade deficit has ballooned $51.4 billion, a 43% increase from February, where the deficit was "only" $35.9 billion. Though there was a slight jump in exports, from $186.2 billion to $187.8 billion, imports increased 7.7% from... Continue Reading

FRB Bail-ins: You don’t own your money

Bank deposits The account balance on your bank account is known as a demand deposit. Under our Fractional Reserve Banking (FRB) system, your deposits are used by the banks to leverage lending.  What most people think of as their account balance is actually something very different.  Many people mistakenly believe that their account balance shows how much they own.... Continue Reading

Introducing FreeGold

In my last post, US Dollar as Reserve Currency - Credibility Inflation, I briefly touched on a few ideas relating to FreeGold such as the demand for the US Dollar as a savings instrument temporarily propping up the fiat/debt/money system. What is FreeGold?  FreeGold is not a single theory but an understanding of how past events have formed a gold trail which will... Continue Reading

US Dollar as Reserve Currency – Credibility Inflation

US Dollar as Reserve Currency In my last post, I discussed and compared different bank reserve systems. With the introduction of the US central bank, the Federal Reserve, in 1913, banks started to take larger risks expanding credit as they knew the central bank was backstopping them. With the monetary ties to gold severed in 1933, the world was essentially left with a... Continue Reading

Gold or Fiat? That is the question…

What happens when you deposit money at the bank? Most people don't think much about it. The bank probably safekeeps the money in their vault. Then I can come to the bank to withdraw my money any time. Right? Wrong. When you deposit money at the bank, you immediately relinquish your ownership to that money. The bank will not only loan out "your" money, they will... Continue Reading

Pro-Gold Governments and Central Banks

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 only accumulating gold but... Continue Reading

Anti-Gold Governments and Central Banks

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 or playing down the importance of the... Continue Reading

BullionStar Financials 2014 – Year in Review

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... Continue Reading

Press Release – Gold Bars traded without spread – A world’s first!

SINGAPORE: Singapore bullion dealer BullionStar Pte Ltd is launching the world’s first physical gold bar traded without any spread between the buy and sell price. BullionStar is offering its customers’ to buy and sell 100 gram gold bars at the exact same price. The obverse of the 100 gram gold bar. The obverse features BullionStar’s brand in combination with... Continue Reading
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