The curtain has closed on 2016. Left in its wake is a world demanding change. No longer content to accept the status quo, the masses expressed their discontent through several very unexpected votes both in Europe and in the USA. The underlying global economy continues to struggle in direct opposition to the promise of renewed
The monthly gold demand in 2016 for Chindia (China and India) has averaged roughly 250 metric tonnes per MONTH. That demand alone accounts for ALL of the annual global mining output on our planet Earth. The volume of physical gold withdrawn from vaults of the Shanghai Gold Exchange (SGE) in November accounted for 215 tonnes,
Over the last several weeks there has been an increase in the spread between the gold spot price in Shanghai and London. Settlement in China is done with physical metal twice daily. Settlement in London is a paper transaction. The following article goes into much greater detail and clearly indicates that the trend is continuing.
Deutsche Bank to pay $38 million in U.S. silver price-fixing case. Deutsche Bank AG (DBKGn.DE) has agreed to pay $38 million to settle U.S. litigation over allegations it illegally conspired with other banks to fix silver prices at the expense of investors, according to court papers filed on Monday. The settlement, disclosed in papers filed
Banks must face U.S. gold rigging lawsuit; UBS is dismissed A U.S. judge said gold investors may pursue much of their lawsuit accusing four major banks of conspiring for a decade to fix prices and exploit distortions at the expense of investors in global markets for the precious metal. Antitrust and manipulation claims can move
Lord Rothschild: "Why I've sold hundreds of millions of pounds worth of shares, and bought gold". Lord Rothschild, chair of the £3.04 billion RIT Capital Partners investment trust, has revealed that while he has significantly reduced his exposure to listed shares, he has responded to the prevailing economic uncertainty by buying gold. Lord Rothschild and