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Malaysia Bullion Trade News

Australia Audits Gold Reserves At BOE

December 18, 2014
By Bullion Baron

Two years ago the news was publicly broken on the website that 99.9% of Australia’s Gold reserves are stored at the Bank of England in the United Kingdom. Attempts by another blogger, interested in the whereabouts of Australia’s Gold, had been rejected by the Reserve Bank of Australia (RBA) only several months earlier, “The Bank does not publish the location of its gold reserves.”
Decisions like this don’t happen in a black hole. Something changed the RBA’s mind, between August 2012 and December 2012, on making the location of Australia’s Gold reserves public.
Read More @Original Source

Three Events Driving Gold Prices Higher in 2015

December 16, 2014
By Michael Lombardi

Federal Reserve, ECB, China to Drive Gold Prices Upward in 2015
Uncertainty and fear are two of the biggest factors that move gold prices. If they increase, investors buy the yellow metal to hedge and protect their wealth. Going into 2015, I see these two factors coming into play and taking the precious metal’s prices higher.
At the very core, I am watching three events that will bring uncertainty and fear going into next year:
1. The Federal Reserve’s move towards normalizing monetary policy and raising interest rates.
2. Problems in the eurozone and the European Central Bank’s quantitative easing.
3. China
Read More @Original Source

17 Reasons Why I Trust Silver

December 16, 2014
By Gary Christenson

War and Inflation – 3 reasons:
From Ernest Hemingway: “The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.” This was true before WWII and is just as true now.
There are reports of a train load of American tanks passing through Latvia to Lithuania.
The US is trying to provoke Russia into war, perhaps nuclear war, through the use of sanctions, pressure on the exchange rate of the Ruble, weak oil prices, and military maneuvers. R. 758 overwhelmingly passed the U.S. House of Representatives on 4 December 2014. It brings the United States closer to a serious military confrontation with Russia.
Read More @Original Source

Precious Metals Starting to Show Bullish Signs

December 14, 2014
By Jordan Roy-Byrne

We’ve believed that Gold would need to break $1100 before we thought a bottom could start to develop. While that could still be the case, we are starting to see building evidence that precious metals could be forming a bottom.
In the past we’ve written about the importance of Gold’s performance against other asset classes. Relative strength in Gold has preceded important bottoms in the Gold price during 2001, 2005 and 2008. That relative strength is starting to show. Below we plot Gold against various asset classes, which are noted in the chart. Several days ago Gold against foreign currencies (and the Euro) closed at a 15-month high. Gold has also moved to a 13-month high against Commodities. Also Gold may have bottomed against global equities as it has held support three times in 2014. Gold is weak only against the S&P 500.
Read More @Original Source

Austria Considers Repatriating Its Gold

December 13, 2014
By Ed Steer

It was pretty much a nothing day in the gold market on Friday. The tiny rally at the London open began to erode immediately—and the down/up price tick in the two hours surrounding the London p.m gold fix was all the activity there was in new York. The gold price continued to slowly sell off from there into the close of electronic trading.
The high and lows ticks are barely worth the effort to look up, but the CME Group recorded them as $1,228.90 and $1,214.80 in the February contract.
Gold finished the Friday session in New York at $1,221.80 spot, down $5.60 from Thursday’s close. Volume, net of December and January, was 130,000 contracts.
Read More @Original Source

122 Tons of Gold Secretly Repatriated to the Netherlands

November 25, 2014
By Mark O’Byrne
The Dutch central bank said Friday it is repatriating some of its gold reserves from the U.S., making it the latest central bank in Europe to address public concerns about the safety of its gold in the wake of the eurozone debt crisis. tons

As the debate regarding whether or not Switzerland should keep the bulk of its gold reserves at home on Swiss soil reaches it’s climax – the referendum takes place on Sunday – it is telling that the Dutch announced on Friday that they have just secretly repatriated 122 tonnes of their sovereign gold reserves from New York back to Amsterdam.
The gold, worth $5 billion at today’s prices, represents 20% of the Netherlands total reserves. It now keeps 31% of its reserves in Amsterdam. Another 31% is believed to be in New York, with the remainder spread between Ottawa and London – the same locations where the bulk of Swiss gold is purported to be stored.
The trend towards gold repatriation began with Hugo Chavez bringing Venezuelan gold back to Caracas in 2011. It has been followed by similar moves by other large gold owning nations and central banks, most notably, Germany.
Read More @Original Source

Putin Is Hoarding Gold To Prepare For Economic War

November 15, 2014
By Andrew Critchlow

Russia’s central bank added to its reserves of bullion in the third quarter, according to the latest report from the World Gold Council.
Russia has taken advantage of lower gold prices to pack the vaults of its central bank with bullion as it prepares for the possibility of a long, drawn-out economic war with the West.
The latest research from the World Gold Council reveals that the Kremlin snapped up 55 tonnes of the precious metal – far more than any other nation – in the three months to the end of September as prices began to weaken.
Vladimir Putin’s government is understood to be hoarding vast quantities of gold, having tripled stocks to around 1,150 tonnes in the last decade. These reserves could provide the Kremlin with vital firepower to try and offset the sharp declines in the rouble.
Read More @Original Source


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