![]() |
Has GLD been failing to disclose gold held at the Bank of England during 2022? |
Readers of these pages will be familiar that in addition to holding its gold bars in a HSBC vault in London, the SPDR Gold Trust (GLD), the world's largest gold-backed ETF, at times also holds some of its gold bars in the vaults of the 'Bank of England' in London. |
Dec 28, 2022
by
Ronan Manly - BullionStar Singapore
Finance News |
![]() |
Russia's Link of the Ruble to Gold Is a Practical Admission of What Money Is |
On March 23 rd it was announced that buyers from "unfriendly countries" would provide rubles in return for Russian gas, instead of the traditional U.S. dollar. Eventually the announcement was extended to oil and other commodities. Will the stringency of such a decree hold? The bet here is that it won't. |
Aug 11, 2022
by John Tamny
Finance News |
![]() |
Potentially Hazardous Asteroid Nereus Which Flew Past Earth Could Be Mined for Precious Metals Worth Billions |
Space mining is an idea that began taking hold at the turn of the century, and 10 years ago, it was passionately discussed. Many argued that space mining could revolutionise the commercial space economy by employing robots and private astronauts to explore and mine near-Earth asteroids (NEAs) for precious metals and even rare earth metals. |
Dec 13, 2021
by
New York Weekly Times
Science & Medicine News |
![]() |
Colombia Drug Trafficking Money Laundered Through Altered Gold |
A criminal group in Colombia is turning dirty money into adulterated gold, in the latest addition to a long list of laundering schemes using the precious metal. The Gaitanist Self-Defense Forces of Colombia (Autodefensas Gaitanistas de Colombia - AGC), also known as the Urabeños, have been linked to front companies that buy gold from Europe, El Heraldo reports. |
Jun 20, 2021
by
InSight Crime
World News |
![]() |
Mystery of $2bn of loans backed by fake gold in China |
More than a dozen Chinese financial institutions, mainly trust companies, loaned 20 billion yuan ($2.8 billion) over the past five years to Wuhan Kingold Jewelry Inc. with pure gold as collateral and insurance policies to cover any losses. Kingold is the largest privately owned gold processor in central China's Hubei province. |
Dec 14, 2020
by
Nikkei Asia
Finance Blogs |
![]() |
BofA: Central Banks Are Buying $1.3 Billion In Assets Every Hour, Creating A "Frankenbull" Market |
One week after BofA CIO Michael Hartnett issued a "code red" for stocks after publishing a report in which he showed that while current market euphoria has surpassed dot com levels, what was going now is absolutely staggering and it's only getting crazier with each passing day and new all |
Dec 13, 2020
by
ZeroHedge
Finance News |
![]() |
Hillary Clinton and Her Thugs Steal Seven Billion From Libya |
TRIPOLI - The latest news on Hillary Clinton's aiding and abetting the murder of Libyan leader Muammar al-Gaddafi in 2011 confirms what many thinking Africans already suspected-a primary reason for killing Gaddafi and destabilizing Libya was to loot the nation's ample gold and silver reserves. |
Jan 08, 2021
by
Nefetiti - GrandMotherAfrica
World News |
![]() |
The Fed Is Going All-In To Keep The System From Collapsing |
Gresham's Law in action: The diminishing availability of physical gold from the market (per several different accounts in London) corresponds to the proliferation of fiat currency printing and paper gold derivatives. Since September the Fed has increased the size of its balance sheet by $414 billion or 11% in less than four months. |
Jan 16, 2020
by
Investment Research Dynamics
Finance News |