Tag: Gold

Man Versus Machine: A Glimpse into The Fixed World Of Gold [Podcast]

JPMorgan holds tens of billions of dollars in gold in vaults in London, New York and Singapore. It is one of four clearing members of the London market, where global gold prices are set by buying and selling metal held in a few London vaults — including JPMorgan’s and the Bank of England’s.

JPMorgan is the biggest player among a small group of “bullion banks” that dominate the precious metals markets, and thanks to a recent US court case, and the internal documents presented by prosecutors we got a glimpse of just how dominant a role the bank has played and how the Gold market works. In 2010, for example, 40% of all transactions in the gold market were cleared by JPMorgan.

This is important because as I have said many times, the 50 times plus relationship between physical gold holdings and the various derivatives held against it means it is a highly manipulated market, which sits at the heart of the financial system.

So today we will look at the case, and how so called called “spoof” trades — large orders intended to manipulate prices that were quickly canceled works.

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Man Versus Machine: A Glimpse into The Fixed World Of Gold [Podcast]
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Man Versus Machine: A Glimpse into The Fixed World Of Gold

JPMorgan holds tens of billions of dollars in gold in vaults in London, New York and Singapore. It is one of four clearing members of the London market, where global gold prices are set by buying and selling metal held in a few London vaults — including JPMorgan’s and the Bank of England’s.

JPMorgan is the biggest player among a small group of “bullion banks” that dominate the precious metals markets, and thanks to a recent US court case, and the internal documents presented by prosecutors we got a glimpse of just how dominant a role the bank has played and how the Gold market works. In 2010, for example, 40% of all transactions in the gold market were cleared by JPMorgan.

This is important because as I have said many times, the 50 times plus relationship between physical gold holdings and the various derivatives held against it means it is a highly manipulated market, which sits at the heart of the financial system.

So today we will look at the case, and how so called called “spoof” trades — large orders intended to manipulate prices that were quickly canceled works.

Go to the Walk The World Universe at https://walktheworld.com.au/

A New Financial World Order – Or Just A Ruble Gold Gamble?

Are we at the edge of a new financial world order, triggered by the Ukraine conflict and Russia’s move to gold back the ruble?

Well, we have been noting the fact that both China and Russia have been adding to their Gold Holdings in recent years, in a deliberate strategy to be able to insulate their currencies in time of crisis from the mighty USD.
Since 2005 alone, Russia has more than tripled its gold holdings, so the Russian Federation has the fifth largest officially reported gold reserves after the USA, Germany, Italy, and France. In comparison, by the way Australia is nowhere…

Now, amid all the noise and fury from the Russia Ukraine conflict, is a development which may well shake the international financial system to its core, because the Russian central bank restarted buying gold from banks and will pay a fixed price of 5,000 rubles ($52) per gramme between March 28 and June 30, the bank said on Friday.

The central bank, which suspended gold purchases from banks in mid-March to meet increased demand for the precious metal from households, said the resumption of buying would help ensure sustainable supply and the uninterrupted functioning of gold producers.

The current decision was made against the background of new Western sanctions against Russian banks. The purchases are a clear statement against dollar hegemony, especially when combined with the fact that more than half of all U.S. Treasuries have been dumped since January 2014.So when did Moscow start planning a gold-backed ruble? Economist Jude Wanniski had recommended this as early as 1998 in a sensational editorial in the Wall Street Journal.

Only a gold-backed ruble could free Russia from the debt crisis and establish international acceptance of the Russian currency, he said at the time. It seems that Vladimir Putin has taken up this idea again two decades later.

Go to the Walk The World Universe at https://walktheworld.com.au/

Seeking A Value Anchor With Peter Schiff [Podcast]

Peter Schiff is an American stock broker, financial commentator, and radio personality. He is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut.

We discussed the latest ructions of the markets, whether we need Central Banks, and of course the role of gold in the financial system ahead.

Bestselling author and economic forecaster Harry Dent will debate Peter Schiff, American stockbroker, financial commentator, radio personality and the leading gold bug in the US in the ECONOMIC GLOBAL CRISIS DEBATE live online at 11am Tuesday 7th December 2021 with free registration at www.greatdebate2021.com

Both Harry and Peter agree there will be a major financial collapse in 2022however Peter says gold will skyrocket and the US dollar will go down like a hot knife through butter after the imminent biggest market crash in history. Dent argues that gold has no currency value and disagrees about the US dollar going down. He challenges people to take a gold coin to a grocery store and try to buy something with it. Since gold doesn’t circulate throughout the economy, he believes this to be one reason its price will crash.

Safe havens to invest? Dent believes US treasury bonds and quality bonds will become the new safe haven after the economic downturn while Peter sees Gold as the ultimate safe haven.

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Seeking A Value Anchor With Peter Schiff [Podcast]
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Gold, Inflation, Deflation … With Peter Schiff

Peter David Schiff is an American stock broker, financial commentator, and radio personality. He is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut.

We discuss the thorny question of inflation and deflation, and why he thinks Gold will become the standard once again. In passing we look at his investment strategy and his recent run in with Nine’s 60 Minutes.

Peter’s show about 60 Minutes: https://youtu.be/euabgDdLToA

Debate between Harry Dent and Peter Schiff 20th November 2020

http://crisisdebate.com

RBA Launches Gold Information Page

Following our recent posts about where Australia’s gold may be, the RBA have responded with a dedicated questions and answers page.

Economist John Adams and I discuss the disclosures.

Gold Part 1:
Gold Part 2:
Gold Part 3:

The Petition:

The John Adams And Martin North DFA Page:

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