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Old November 26th, 2014 #402
Pierre-Marc
 
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http://www.zerohedge.com/news/2014-1...-repatriate-fr

Quote:
Here Comes France: Right-Wing Leader Marine Le Pen Demands Central Bank Repatriate French Gold

First Germany, then the Netherlands, perhaps Switzerland this weekend, and now the French right-wing Front National, which shockingly came first in May's European parliament elections, and whose leader Marine Le Pen is currently polling in first place in a hypothetical presidential election (in both a first and run off round), ahead of president Hollande, has sent a letter to the governor of the French Central Bank, the Banque de France, demanding that France join the list of nations which have repatriated, or at least tried to, their gold.

From her letter, here is the full list of French demands (google translated):

Urgent repatriation on French soil of all of our gold reserves located abroad.
An immediate discontinuation of any gold sales program.
Conversely, a gradual reallocation of a significant portion of foreign exchange reserves in the balance sheet of the Bank of France by buying gold at each significant decrease in the price of an ounce (recommendation 20%) .
A suspension of any financial commitment or loan contract would wager that our gold reserves.
At the patrimonial and financial balance of the 2004 gold sales transactions ordered by N. Sarkozy.
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Old November 26th, 2014 #403
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About what happened to the gold in Ukraine:

http://www.zerohedge.com/news/2014-1...-its-gold-gone

What conclusion does one draw from this? What does this mean in the longer term? I'm not knowledgeable about the gold's role in economy (or economy in general to be quite honest).
 
Old December 19th, 2014 #404
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Russia Expanded Gold Reserves for 8th Month Amid Ruble Rout

By Anna Andrianova and Laura Clarke Dec 19, 2014 4:26 PM GMT+0100 0

Russia, the world’s fifth-biggest gold holder, added to its hoard for an eighth month even after having to use its international reserves on defending the ruble.

The gold stockpile rose to 38.2 million ounces as of Dec. 1 from 37.6 million ounces a month earlier, the central bank said today on its website. Its value in dollar terms fell by $85 million. Total reserves shrank by $9.7 billion in November to $418.9 billion, the lowest level since 2009.

“Physical volumes are increasing but their dollar value is not changing that much because the gold price has fallen,” Vladimir Tikhomirov, chief economist at BCS Financial Group in Moscow, said before the release. “Many central banks are buying gold since the price for gold has fallen.”

The central bank took advantage of lower prices to pad its gold holdings after tapping its reserves to stem the ruble’s decline before the currency crisis escalated this month. An emergency interest-rate increase this week failed to reverse the ruble plunge, stoking speculation that the monetary authority may sell gold to secure the hard currency it needs in the face of sanctions imposed over the conflict in Ukraine.

Gold declined 0.5 percent last month, reaching a four-year low on Nov. 7. The precious metal accounts for about 10 percent of Russia’s total reserves, according to the London-based World Gold Council. That compares with about 71 percent for the U.S. and 66 percent for Germany, the top bullion holders, the data show.

Ruble Decline

President Vladimir Putin has criticized the central bank for not acting faster to support the ruble, which has plunged since June as oil slid to a five-year low and sanctions hit the economy.

Russia’s November purchase of almost 19 metric tons follows an addition of a similar amount in October, according to data from the International Monetary Fund. The country has tripled its gold reserves since 2005 and now holds about 1,188 tons, the most since at least 1993. Data due to be released in January will show any changes in holdings for this month.

“I cannot imagine at all that Russia has sold gold or would sell gold, unless its foreign-exchange reserve are depleted,” Carsten Fritsch, an analyst at Commerzbank AG in Frankfurt, said by phone. “Gold is the final bullet, because gold is a store of value and outside of the dollar system and not subject to sanctions.”

http://www.bloomberg.com/news/2014-1...uble-rout.html
 
Old January 30th, 2015 #405
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Russia increases gold purchases by 123%

Published time: January 30, 2015 12:27 Get short URL



The Central Bank of Russia bought a record amount of gold in the first 11 months of 2014 spending an estimated $6.1 billion. Increasing gold reserves attempts to reduce dependence on the dollar amid geopolitical tension, Mark O’Byrne of GoldCore, told RT.

Russia’s gold purchases accounted for a third of the world’s total of 461 tons, according to research by Thomson Reuters GFMS (Gold Fields Mineral Services). The amount of gold bought went up 123 percent from the previous year to 152 tons, worth $6.1 billion at current prices. It’s the most Russia has spent since the collapse of the Soviet Union.

Given the tension between the US and Russia, it’s more likely Russia will sell dollar assets and buy gold, said O’Byrne.

“That will be done both to protect the ruble and potentially to position the ruble as a reserve currency in the long-term, but also as a signal to Washington,” he said, adding that it’s almost like a geopolitical move showing that Russia has a monetary and financial alternative and it can retaliate if economic sanctions were to deepen.

On Thursday EU foreign ministers decided to prolong sanctions against Russian officials and the militias in eastern Ukraine until September 2015, but decided against broadening the list of economic restrictions. A final decision is expected in February.

“Increasing the share of gold in foreign exchange reserves is not a short-term speculation, it’s a long-term diversification,” O’Byrne said.

Analysts from GFMS partially attribute the increase in Russian gold purchases to the buying of the metal from domestic production that increased 9 percent year-on-year. At the same time, it won’t be easy to sell these volumes overseas due to sanctions, they say.

“This is a clear positive for the gold price,” said Matthew Turner, analyst at Macquarie, as quoted by the FT. “If central banks had not purchased that gold it would have been bought by private investors or jewelry consumers, and this would likely have required a lower gold price.”

The current spot price for gold is $1,263 per ounce which is below the recent five-month record of $1,300.

The research forecasts that soon Russia may slow global gold purchase rates and enter the sales market to sell its reserves in order to support the national currency.

During the crisis of 1998, Russia had to sell 118 tons of gold reserves to cover fiscal deficits. At the same time, the current situation is not as dramatic as Russian foreign exchange reserves are valued at $378.1 billion.

“We are still a long way off Russia needing to sell gold,” said Turner.

Russia was the second biggest gold producer in 2014.Last year it extracted 272 tons of gold, outstripped by China with 465.7 tons, and just ahead of Australia producing 269.7 tons.

http://rt.com/business/227755-russia...gold-purchase/
 
Old July 21st, 2015 #406
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Price of an ounce on the market took a big drop yesterday I guess, down right now to about $1100 an ounce.

Not sure where the bottom is but investing now should be a long term plan, it will probably be another 15-20 years before it surges up again. Some may disagree but these things go in cycles in seems, it stayed down for a long while after it surged in the 80's (Hunt brothers deal,etc) .
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Old July 21st, 2015 #407
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Default Did These Nations Have a 'Gold 9/11' Hit Their Bullion Depository?

Uruguay lost 56 tons of gold from 1999 to the end of 2001:

From 1996-97, Australia 'lost' 160 tons of gold:

From 1995-2003, Canada 'lost' over 100 tons of gold:

Even the grave-robbing Rothschild's Mother Ship, England, lost gold, lots of gold, over 400 tons from 1998-2010:

Now look at a country like Bolivia, whose gold reserves have fluctuated from 1989-2010, but increased slightly, which is to be expected, but not losses in the 100+ ton range in a few years.

The Netherlands is also interesting, since the had 1,052 tons in 1998, which dropped to 64 tons in 2007:

Now look at the USA, which back in 1949, had at 21828.20 tons, which has dropped to a mere 8,133 tons and holding steady for the last few years.

I smell a rat, a hook-nosed one that has an affinity for shiny objects and other peoples wealth, especially land.

As for Israel's gold reserves, good luck finding them on this site, which has a major number of other countries gold listed, but not Israel.

http://careandwashingofthebrain.blog...d-911-hit.html
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Old August 24th, 2015 #408
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https://www.bullionstar.com/blogs/ko...gold-strategy/

Quote:
Theory On China’s Gold Strategy

Developments at the Chinese central bank (PBOC) hint at more moves towards gold. The most important recent gold developments are; (i) the PBOC updated its official gold reserves from 1,054 tonnes to 1,658 tonnes on 17 July, (ii) the PBOC devalued the renminbi by approximately 3 % on 11 August, (iii) the PBOC again updated its official gold reserves on 15 August, increasing the gold reserves by 19 tonnes to 1,677 tonnes and for the first time values the gold reserves mark-to-market.

...
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Old August 16th, 2016 #409
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Quote:
Originally Posted by Alexander M. View Post
Uruguay lost 56 tons of gold from 1999 to the end of 2001:

From 1996-97, Australia 'lost' 160 tons of gold:

From 1995-2003, Canada 'lost' over 100 tons of gold:

Even the grave-robbing Rothschild's Mother Ship, England, lost gold, lots of gold, over 400 tons from 1998-2010:

Now look at a country like Bolivia, whose gold reserves have fluctuated from 1989-2010, but increased slightly, which is to be expected, but not losses in the 100+ ton range in a few years.

The Netherlands is also interesting, since the had 1,052 tons in 1998, which dropped to 64 tons in 2007:

Now look at the USA, which back in 1949, had at 21828.20 tons, which has dropped to a mere 8,133 tons and holding steady for the last few years.

I smell a rat, a hook-nosed one that has an affinity for shiny objects and other peoples wealth, especially land.

As for Israel's gold reserves, good luck finding them on this site, which has a major number of other countries gold listed, but not Israel.

http://careandwashingofthebrain.blog...d-911-hit.html


Land, Precious Metal, and Women, the three most important assets a man can have.
 
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