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Ronan Manly

Ronan Manly

Ronan Manly is a precious metals analyst with BullionStar whose blogs
often cover current themes including what's going on in the
London gold market and the gold activities of central banks.

LBMA colludes with the COMEX – To lockdown the global gold market?
In gold market coverage, Reuters confuses key points on demand, supply and pricing
Will Gold be the Last Man Standing as Perfect Storm hits Markets?

Will Gold be the Last Man Standing as Perfect Storm hits Markets?

  • Date
  • author Ronan Manly
  • Comments 4 Comments

The turmoil engulfing financial markets is unprecedented in its breath and intensity. You might call it a perfect storm. In such an environment, no asset class has been immune. But will gold be the last man standing? Continue Reading arrow

Physical Gold Demand at Record Levels, Paper Gold Price Disconnect
China’s gold market not immune to a wider downturn

China’s gold market not immune to a wider downturn

  • Date
  • author Ronan Manly
  • Comments 2 Comments

From quarantined cities to lower consumer demand, from reduced flight traffic to closed frontiers and boarders, the economic shock to the domestic Chinese gold market caused by the outbreak of the coronavirus should not be underestimated.

While we can't examine much live data from the Chinese gold market right now, we can review Chinese gold market activity up to the end of...
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German Government Escalates its War on Gold

German Government Escalates its War on Gold

  • Date
  • author Ronan Manly
  • Comments 10 Comments

In a brazen attack on precious metals and economic freedom, the German government has just introduced draconian new rules on buying precious metals.

Brought in with zero evidence under the guise of money laundering prevention, short term it created panic gold buying by Germany’s population but long term it's a continuation of the all too familiar statist war against gold and...
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LBMA claims record amount of gold in London’s vaults
Quantum leap for banks as ABN AMRO questions gold price discovery
Behind enemy lines – Military use of gold coins as emergency money

Behind enemy lines – Military use of gold coins as emergency money

  • Date
  • author Ronan Manly
  • Comments 2 Comments

Gold is and always has been universal money that can be used anywhere and is accepted everywhere. The world’s elite military detachments know this, which is why they issue their troops and pilots with gold coins and other gold bullion items for use as emergency money when they go behind enemy lines. Continue Reading arrow

Polish central bank airlifts 8000 gold bars (100 tonnes) from London to Warsaw
New COMEX Pledged Gold – Shrinking the Pool of Registered Inventory
Chinese central bank gold buying – On a need to know basis
The Power of Gold in Times of Crisis

The Power of Gold in Times of Crisis

  • Date
  • author Ronan Manly
  • Comments 5 Comments

History is replete with examples of gold being the ultimate asset in times of crisis and emergency, where time and time again, gold comes to the rescue and provides its holders with choice and freedom.

These crisis situations range from fiat currencies collapses, to gold buying safe passage across international borders, from periods in which gold can rescue an entire nation, to...
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Wag the Dog – The new COMEX and SGE Gold Contracts
LBMA needs reform to serve the physical precious metals market
LBMA Removes JP Morgan’s Michael Nowak from the LBMA Board
LBMA Board Member & JP Morgan Managing Director Charged with Rigging Precious Metals
Rothschild emerges from the shadows for the Centenary of the London Gold Fixing
Chinese gold imports – Better data, lower inflows, unanswered questions
Gold the Ultimate Asset as Fed Joins Race to the Bottom in Global Rates
By Not Renewing the CBGA, Central Banks in Europe Look Ready to Buy Gold
Gold & Silver Price Manipulation – The Greatest Trick ever Pulled
Poland joins Hungary with Huge Gold Purchase and Repatriation
Mahathir’s Gold-backed Currency – Loose Talk or pan-Asian Plan?
The Fifth Wave: A new Central Bank Gold Agreement?

The Fifth Wave: A new Central Bank Gold Agreement?

  • Date
  • author Ronan Manly
  • Comments 6 Comments

With the fourth Central Bank Gold Agreement (CBGA) about to expire in September, a relevant question now is will there be a fifth CBGA?

Devised by a cartel of western central banks, the first two CBGAs achieved what they had intended to i.e. provide cover over 1999 - 2008 to close off gold sales and loans that had taken place years before.

And as China, Russia and...
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Gold Price Breakout in Multiple Currencies

Gold Price Breakout in Multiple Currencies

  • Date
  • author Ronan Manly
  • Comments 4 Comments

The gold price is now making new multi-year and all time highs in many of the world’s most important and most liquid fiat currencies, including the commodity currencies of the Canadian dollar and Australian dollar, and other major currencies such as the Swedish Krona, Singapore dollar, British pound and Euro.

A new multi-year high in US dollar gold is also a possibility right...
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Still Firing on all Cylinders: China’s Physical Gold Market
Pay-to-Play: LBMA shows contempt for the wider Gold and Silver markets
The only gold the US shows – A working vault at West Point

The only gold the US shows – A working vault at West Point

  • Date
  • author Ronan Manly
  • Comments 7 Comments

On its sporadic visits to the US Mint’s bullion depository at West Point, New York, the attending media only ever sees a ‘working vault’ of about 3000 gold bars used as input into the Mint’s bullion coin minting programs.

This is despite the West Point Mint claiming to store 54 million ounces (135,000 gold bars) across 11 ‘deep storage’...
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Curse of the London Gold Fix strikes again as SocGen abandons ship
The vast gold hoards held by Germany’s population

The vast gold hoards held by Germany’s population

  • Date
  • author Ronan Manly
  • Comments 9 Comments

A new survey in Germany finds that the German public holds over 8900 tonnes of gold, with a majority of this gold held in the form of investment gold bars and gold coins.

This is quite a staggering number and is more than 2.6 times the amount of gold held by Germany’s central bank, the Bundesbank.

German citizens hold gold as a form of wealth preservation and as a...
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When Politicians and Central Banks clash – the Gold of Romania and Italy
The Domino Effect – Romania joins Gold Repatriation exodus
RBA bosses squirm as Aussie politicians throw easy questions about RBA gold in London
Australia’s gold at the Bank of England – Extended Q & A

Australia’s gold at the Bank of England – Extended Q & A

  • Date
  • author Ronan Manly
  • Comments 2 Comments

Recently, news network RT.com asked for BullionStar's comments on the question of the Reserve Bank of Australia's (RBA) gold reserves supposedly stored at the Bank of England's gold vaults in London.

Using some of these comments, RT has now published an article on the topic on its English language news website.

Since the full set of RT questions and BullionStar's...
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Italy’s Gold enters the Political Fray. But who really owns it?
Bank of England tears up its Gold Custody contract with Venezuela’s central bank
Separating truth from fiction in China’s golden game of Poker
Russian Central Bank buying Gold on the International market?

Russian Central Bank buying Gold on the International market?

  • Date
  • author Ronan Manly
  • Comments 9 Comments

The Russian central bank has bought so much gold this year that its purchases now exceed the amount of gold mined in Russia during 2018.

But with a policy of buying domestic gold mining output, the central bank will now need to look further afield to fulfill its gold reserve purchase requirements.

As existing agents of the central bank, the large Russian commercial...
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Venezuela’s gold in limbo amid tug-of-war at the Bank of England

Venezuela’s gold in limbo amid tug-of-war at the Bank of England

  • Date
  • author Ronan Manly
  • Comments 18 Comments

As one of the world’s largest custodians of central bank gold, the Bank of England is attracting unwanted attention in a bizarre saga involving 14 tonnes of Venezuela’s gold.

A whole cast of colorful characters has recently emerged on both sides, those wanting the gold to be returned and those wanting the gold to be confiscated.
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French central bank and JP Morgan team up to boost Gold Lending
LBMA trading volume data confirms the paper gold casino in London
Bank of England refuses to return 14 tonnes of gold to Venezuela
Does the recent spate of Central Bank gold buying impact demand and price?
In surprise move, Central Bank of Hungary announces 10-fold jump in its gold reserves
Skepticism reigns about the True state of Chinese central bank gold reserves
LBMA Clearing and Vaulting data reveal the absurdity of the London ‘Gold’ Market
Paulson’s Shareholders Gold Council finally launches after initial delays
Chinese Gold Panda Coins now trading on the Shanghai Gold Exchange (SGE)
As Emerging Market Currencies Collapse, Gold is being Mobilized
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