Tag Archives: Sovereigns

History of Gold - How the gold industry has changed over 50 years Thomson Reuters GFMS have compiled an interesting high level history of the gold industry in the last fifty years. Topics covered and interesting historical facts to note include: - Gold market size- Gold mine production "peaked in 2015"- South African production collapse from 1,000 tonnes- South African gold was flown to London and Zurich and an airliner had its own designated...

Gold Investing 101 - Beware Unallocated Gold Accounts With Indebted Bullion Banks and Mints (Part II) Investors looking to gold again but gold buyers need to exert caution Royal Mint - a royally expensive way to help the government Unallocated gold - unsecured creditor of a bank? If you cannot hold it, you do not own it Own gold bullion coins as insurance, to reduce counter party risk and to preserve wealth Conclusion - Reduce counter parties, Don’t over complicate Yesterday we...

Prince, RIP, owned gold bars worth just over $800,000 according to the statement filed in a Minnesota court last Friday. At the time of his death, Prince had taken delivery of and had in his possession 67 gold bars, 10 ounce gold bars, valued at $836,166.70. That’s according to an asset inventory compiled by Bremer Trust released by the Carver County District Court, as first reported by the Minneapolis Star Tribune....

Gold Price In GBP Rises 4% On Brexit and UK Economy Risks – Pound fell 2% against gold yesterday after Theresa May created Brexit concerns  – May’s ‘Hard Brexit’ denial does not calm markets growing fears – Investors concerned about lack of government strategy and uncertainty – UK Prime Minister bizarrely blames media and “those who print things” for sterling depreciation – GBP gold builds on 31% gain in 2016 with 4%...

– Gold gains in USD, GBP, EUR, CAD, AUD, NZD, JPY – Gold gains in CNY, INR & most emerging market currencies– Gold surges 31.5% in British pounds after Brexit shock– Gold acted as hedge and safe haven in 2016 … for those who need safe haven– Furthers signs of market having bottomed and bodes well for 2017 – What drivers will gold respond to in 2017? –  EU elections and contagion risk, Geo-politics, terrorism, war...

– Gold gains in USD, GBP, EUR, CAD, AUD, NZD, JPY – Gold gains in CNY, INR & most emerging market currencies– Gold surges 31.5% in British pounds after Brexit shock– Gold acted as hedge and safe haven in 2016 … for those who need safe haven– Furthers signs of market having bottomed and bodes well for 2017 – What drivers will gold respond to in 2017? –  EU elections and contagion risk, Geo-politics, terrorism, war...

Gold Surges 15% To £968 Per Ounce – BREXIT Creates EU Contagion Risk – Sterling and euro have fallen sharply on fx markets– Gold bullion surged 20% in sterling to £1,015/oz– Gold now 15% in higher in GBP at £967 per ounce– Gold 8% higher in EUR and 5% higher in USD– Stocks globally are down sharply – FTSE down 9%– European stocks down sharply– Euro Stoxx 50 Futures collapsed over 11% at the open– Bank shares are down 20% to 25%– Cameron has resigned – adding to uncertainty in markets–...

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, all hold an element of gold bullion coins as part of their official monetary gold reserves. These...