Thursday , September 24 2020
Home / Bullion Star

Bullion Star



Articles by Bullion Star

BullionStar Perspectives – Chris Powell – Central Bank Gold Manipulation

10 days ago

Filmed in September 2020

BullionStar’s Ronan Manly speaks up with Chris Powell of GATA, discussing central bank gold price rigging, the 1999 secret IMF report, the BIS and Bank of England gold lending scheme, massive central bank interventions since March 2020, central bank gold redistribution (to each other) behind the scenes, the recent LBMA and COMEX gold market collusion, how bullion banks were caught rigging but are still in charge of the gold market, why western financial MSN avoid real coverage of the gold market, why gold mining executives choose to remain silent about gold price manipulation in public, and the role of GATA in the midst of all this.
Powered by WPeMatico

Post Views:
5

Read More »

London gold vault Bait-and-Switch as LBMA prepares bigger changes

21 days ago

By Ronan Manly
In a coordinated development which signals more than meets the eye, the Bank of England and London Bullion Market Association (LBMA) have together moved to begin reporting gold and silver vault holdings data on a 1 month lagged basis instead of the 3 month lagged basis under which they had been previously reporting vault stocks since 2017.
London Vault Reporting – As Clear as Mud  
In addition to the Bank of England’s gold vaults in London, LBMA vault reporting applies to commercial precious metals vaults in London operated by the LBMA bullion banks HSBC, JPMorgan, and ICBC Standard Bank, and vaults operated by the LBMA security providers Brinks, Malca-Amit, Loomis and G4S. 
Under these new vault reporting changes, it for example now means that as of the end of August, the

Read More »

BullionStar Perspectives – Ned Naylor-Leyland – Early Days in a Gold Bull Market

28 days ago

Filmed in August 2020
BullionStar’s Ronan Manly catches up with Ned Naylor Leyland, discussing recent trends in precious metals and what that means for the future. Ned gives insight into the institutional market and discusses the topic of inflation adjusted prices with Ronan. Ronan and Ned share their views on the possibility of a systemic change in the monetary system of today.
Powered by WPeMatico

Post Views:
2

Read More »

LBMA-COMEX collusion intensifies as CME approves 267 LBMA gold and silver bar brands

August 24, 2020

By Ronan Manly

A few weeks ago, in a very stealthy manner, CME Group in coordination with the LBMA, massively expanded the lists of approved gold and silver bar brands that can be delivered against the flagship COMEX GC 100 gold and SI silver contracts.
While this signals gold and silver bar delivery constraints at the COMEX, that is only half the story, as the real intention of these changes appears to be to line up gold and silver bars in the opaque London vaults against GC 100 and SI delivery requests. Continue reading.

Post Views:
5

Read More »

GLD continues to source gold at the Bank of England, at an escalating rate

August 15, 2020

By Ronan Manly
The latest SEC filing by the SPDR Gold Trust (GLD) released this week contains the bombshell detail that the world’s largest gold-backed ETF is increasingly resorting to sourcing gold bars at the Bank of England. At least 70 tonnes of gold and possibly up to 150 tonnes.
With GLD and its custodian HSBC resorting to such tactics and interfacing with the murky world of central bank gold lending, the questions should be asked is the London gold market running on fumes? Continue reading…

Post Views:
0

Read More »

The Sustainability of this Gold Bull Market compared to 2011

August 12, 2020

By Ronan Manly
Two weeks ago at the end of July, Zing News, one of Vietnam’s leading news platforms, published an article discussing the sustainability of the current gold bull market and to what extent (if any) it has parallels  with the August-September 2011 gold price rise and peak.
This followed a previous Zing News feature in mid-July on the strong gold price rise, which I discussed here . F|or both articles, I was asked to supply the Zing reporter (Nguy?n Cao Ph??ng Th?o) with extensive explanations and contributions, which I gladly did.
With the US dollar gold price having currently moved lower and retreated about $150 from its 6 August highs of $2070 (at time of writing end of day 11 August the price had moved back to the $1920 region), now seems a good time to reprint the

Read More »

BullionStar Perspectives – Ronnie Stöferle – “The Golden Decade is Dawning”

August 5, 2020

Filmed in May 2020
Since 2007, the annual “In Gold We Trust” report has been required reading for anyone interested in investing in Gold and other precious metals. This year’s report titled “The Golden Decade is Dawning” is no exception. Join us, as we hear what Ronnie Stöferle, one of the authors of this authoritative report, has to say about it.
Read the report here: https://ingoldwetrust.report/?lang=en
0:05 Introduction by BullionStar
2:11 Title and the IGWT team and sponsors.
3:26 Review of the last 12 months.
5:31 Gold in times of MMT, helicopter money and corona.
7:07 Gold as the save heaven during the debt crisis.
8:18 Silvers silver lining.
9:24 Mining stocks: the party has begun!
10:54 Other articles in the IGWT Report 2020
12:26 Quo Vadis, Aurum?
Powered by WPeMatico

Read More »

Gold and Silver Roar Higher: The Canaries in the Coal Mine – Ronan Manly

July 23, 2020

This week has the makings of an historic one for gold and silver, a week which will be remembered for the stellar performances and breakout of the US dollar denominated gold price and silver price across spot, futures and physical markets. This has ignited everything from gold and silver mining shares, to gold and silver mining ETFs and Indexes, and sparked increased interest across the financial media, as well as across the institutional and retail investor bases.
Having closed the previous week at $19.34 and at a 4 year high, the spot silver price took off Monday 20 July, and is now, at time of writing, trading at $22.85, an intra-week gain of a mammoth 18%. While silver rose to just shy of $20 on Monday, it was Tuesday that provided the main fireworks, with the spot price zooming

Read More »

Rising gold prices attract global and local attention, including in Vietnam

July 17, 2020

Zing News, one of Vietnam’s leading news and media platforms, this week published an article examining the reasons behind the strong upward move in the gold price and its sustainability, quoting extensively from BullionStar’s input.
In Vietnam, which has a very strong tradition of gold ownership and use of physical gold in transactions, the Zing News digital newspaper has more than 35 million visitors each month.
Zing’s article, which is in Vietnamese, was written following a series of questions to BullionStar, and the set of answers (in English) to Zing’s reporter are included in full here. Continue reading…

Post Views:
1

Read More »

COMEX New York vaults add 730 tonnes of gold since the end of March

July 6, 2020

Triggered by a COMEX – Spot spread blow out in the wake of a failure delivery in gold Exchange for Physical (EFP) transactions, an unprecedented 730 tonnes of gold has flowed into COMEX gold vaults between 24 March and 30 June. mostly into the vaults of JP Morgan and Brink’s.
The chain of events can be traced back to the LBMA rush on 24 March to “facilitate physical delivery of gold in New York”. But why were gold deliveries needed at all to COMEX if there were, as the LBMA and CME maintained on 1 April “healthy gold stocks in New York”? Continue reading…
Powered by WPeMatico

Post Views:
7

Read More »

Central banker Musical Chairs at the LBMA – Fed exits, Banque de France joins

June 25, 2020

As a former Banque de France central banker joins the board of the London Bullion Market Association (LBMA) as an “Independent” director, replacing a former New York Federal Reserve central banker who also served on the same board as an “Independent” director, we must ask ourselves why have these central bankers so much interest in gold and the LBMA.
Particularly as the Chairman of the same LBMA board is a former central banker from the Bank of England. And all three board members are themselves former heads of FX and gold market operations at their respective central banks. Whose interest do these appointments serve? Continue reading…
Powered by WPeMatico

Post Views:
3

Read More »

The Curious Case of COMEX Gold Deliveries in April and June

June 19, 2020

Did you think that the high-powered world of the LBMA would operate in a fishbowl for all to see? – ANOTHER
A lot has been written about the London gold spot price – COMEX gold futures price spread (EFP) blow up on 23/24 March, whose detonation has sent blast waves across the gold market on each side of the Atlantic, and whose trigger has been the subject of much speculation and debate.
Importantly, the fallout from this seismic event continues to roll on, and has caused unusual goings-on among the bullion banks in London and New York, such as:
– Deteriorating liquidity (bullion banks rapidly departing COMEX and London gold trading)
– Large trading losses at bullion banks, for example HSBC
– Gold borrowing rates rising over the time of the March event
– Bullion banks scrambling to secure

Read More »

Gold amidst the COVID-19 Pandemic – BullionStar COO, Mr. Luke Chua on CNA938

June 5, 2020

On 27 May 2020, BullionStar’s COO Mr. Luke Chua spoke with CNA938 on the topic of gold investment amidst the COVID-19 Pandemic.
Topics discussed in the interview:– Current demand for precious metals in the current climate– Important questions investors should ask if they want to invest in gold– Will governments ban private gold ownership if they lose control of inflation?– Difference between paper gold, digital gold and physical gold
BullionStar is one of Asia’s largest bullion dealer based in Singapore, offering investors a one stop solution for buying, storing, selling, withdrawing and auditing of Gold, Silver, Platinum and Palladium. For more information, please visit https://www.bullionstar.com/
Powered by WPeMatico

Post Views:
3

Read More »

BullionStar’s Bullion Center Re-Opening 2 June – Update of Services

May 26, 2020

BullionStar’s Bullion Center is re-opening 2 June. Place your order now and collect after we have reopened! We are open for online orders at BullionStar.com 24/7! We offer FREE shipping for orders within Singapore and discounted rates for international shipping. Vault storage orders are processed as per normal. We are also accepting customer sell orders. Place your sell order now and hand over to us no later than 5 June. Click here for more information and a service update. Continue reading…

Powered by WPeMatico

Post Views:
3

Read More »

Amid London gold turmoil, HSBC taps Bank of England for GLD gold bars

May 13, 2020

By Ronan Manly
During March and April, amid global financial turmoil, unprecedented demand for physical gold, refinery closures and a London lockdown, one question on the minds of many in the gold market was how HSBC London, the vault custodian of the SPDR Gold Trust (GLD), was consistently able to source huge amounts of gold bars to back the enormous inflows into the world’s largest gold-backed Exchange Traded Fund (ETF).
173 tonnes during London Lockdown
From Monday 23 March (the day Boris Johnson triggered the UK and London lockdown) to close of business 12 May, the SPDR Gold Trust claims to have taken in a massive inflow of 175 tonnes of gold bars, swelling its gold holdings from 908 tonnes to 1083 tonnes.
That’s an addition of approximately 14,065 large Good Delivery gold bars since

Read More »

QE Defender – Stop the QE Insanity | Helicopter Money and the Risk of Hyperinflation

May 3, 2020

Helicopter cash – Negative interest rates – Government and Central Bank Asset Purchases – Universal Basic Income. Central banks and governments across the globe have unleashed a series of monetary and fiscal interventions on markets and economies which are unprecedented in their magnitude and which are boarding on the destruction of the current financial system. Are we gearing up for a global hyperinflation?
In 2016 at FreedomFest in Last Vegas, BullionStar first launched the QE Defender game. 
With the central banks going all in on debasement of money by all means of quantitative easing and money printing, the QE Defender Game is more relevant than ever. We have therefore updated the characters of the game which can be played for free without registration here.

“There’s an infinite

Read More »

LBMA Gold Price benchmark ignoring market conditions, short-changing investors

May 1, 2020

While media focus has recently been on the current gold price dislocation between London spot and COMEX New York futures, there is another persistently large discount that so far has evaded the spotlight. That is the twice daily LBMA Gold Price benchmark.
By ignoring the much higher COMEX gold futures prices while setting the LBMA Gold Price auction starting price, the auction administrator IBA, with the blessing of the LBMA, is ignoring current market conditions in the gold market, thus short-changing global gold market participants and investors who all use the LBMA Gold Price benchmark as a critical reference and valuation rate. Continue reading…
Powered by WPeMatico

Post Views:
6

Read More »

US Mint closes West Point, adding to American gold bullion coin shortage

April 18, 2020

As New York State extends its coronavirus shutdown until May 15, the global pandemic’s relentless onslaught on economic activity and bullion supply chains has claimed yet another victim, this time the US Mint’s bullion coin production facility in West Point – upstate New York, which announced on Wednesday evening April 13, a complete and indefinite shutdown.
Indefinite West Point Shutdown
During the West Point Mint’s indefinite shutdown, there will be no production of the 22 karat American Eagle gold bullion coins nor of the 24 karat American Buffalo gold bullion coins across the entire US Mint network, nor any distribution of the American Eagle gold bullion coins or American Buffalo gold bullion coins from the Mint’s stock of inventory to Authorized Purchasers (the Mint’s appointed

Read More »

COMEX Bombshell – Most eligible vaulted gold has nothing to do with COMEX

April 16, 2020

A newly discovered document from COMEX operator CME to the CFTC contains a full-scale admission that much of the ‘eligible gold inventory’ in COMEX New York vaults is held by long-term holders and cannot be included in deliverable supply.
The COMEX concedes that eligible gold should therefore have a 50% haircut applied. With this bombshell admission, it means there is far less gold available to deliver to gold futures holders than COMEX market participants currently think there is.
As the gold panic continues in New York, the CME document also contains another bombshell that COMEX is also considering using non-approved vaults as new sources of deliverable gold supply. Continue reading…
Powered by WPeMatico

Post Views:
5

Read More »

How mints will be affected by the big jump in bullion coin demand

April 11, 2020

With the coronavirus sweeping across the globe, the demand for gold and silver coins as a hedge has exploded. BullionStar, for instance, has experienced “extreme” demand for precious metals over the last month. This race to precious metals has caused bullion coins to trade far above their intrinsic metal content priced at the spot price.
For instance, BullionStar recently announced that is it willing to buy Silver Eagle coins at a 25% premium to the spot price of silver.  Spot prices for silver and gold are predominantly established at the trading venues of the COMEX futures exchange in the U.S. and the LBMA market in London.
Below is a chart of the coin premium for Gold Eagles. They are currently trading at a 7.5% premium to spot at various bullion coin dealers.
Gold Eagle premium going

Read More »

Bullion Bank Nightmare as LBMA-COMEX Spread Blows Up Again

April 9, 2020

By Ronan Manly
The gaping price differential between spot gold and gold futures that has been plaguing the paper gold markets in London and New York for the last three weeks shows no signs of abating and is continuing to flare up.
In essence, the contango phenomenon we are seeing is one of gold futures prices trading far above spot gold prices, a sign of liquidity problems in the London gold market and a signal that something is completely broken between the world‘s two predominant “gold price discovery” trading venues – which both, by the way, trade paper gold.
As a reminder, London LBMA trades unallocated gold over the counter (OTC), a form of synthetic fractional gold derivative. The vast quantities of unallocated gold which are traded in London are then netted and cleared in an

Read More »

BullionStar – We are Open – Update of Services 7 April 2020

April 7, 2020

We are open! Important update to all BullionStar customers covering the impact of COVID-19 on BullionStar’s operation | BullionStar is open for orders but operate in limited capacity as an essential business with measurements taken against the spread of COVID-19
Powered by WPeMatico

Post Views:
5

Read More »

LBMA and COMEX try to Reassure the Market – Twice in One Week

April 3, 2020

In the space of a week, the bullion bank dominated LBMA and CME(COMEX) in an air of panic, have issued not one, but two rushed out statements to try to placate the global gold market.
In the modern gold market this is unprecedented. While LBMA-CME claim that physical gold stocks in London and New York are at healthy levels, the reality is far more concerning. Continue reading…
Powered by WPeMatico

Post Views:
6

Read More »

COMEX can’t find a 400 oz bar for its new 400 oz gold futures contract

March 31, 2020

As the LBMA and CME launch a new 400 oz gold futures contract to keep their paper gold show on the road, one slight problem – COMEX has no 400 oz gold bars.
As the LBMA and CME scramble to keep the paper gold show on the road and monopolise gold price discovery, they have now launched a new gold futures contract which is deliverable using 400 oz gold bars.
But according to the COMEX gold vault inventory report, there are no 400 oz gold bars in any of the COMEX approved vaults in New York. Is this yet again a giant smokescreen by the bullion bankers to retain power and control? Continue reading…
Powered by WPeMatico

Post Views:
20

Read More »

LBMA colludes with the COMEX – To lockdown the global gold market?

March 25, 2020

With extreme demand and supply shortages in the physical gold market, it was only a matter of time before the paper gold markets in London and New York would come under strain. That time is now.
With the spot price of gold lagging the price of COMEX gold futures for the third day running, the LBMA is now colluding with the COMEX on bailing out bullion banks. But who is bailing out who and in what direction?
For when you trade limitless synthetic unallocated gold and de facto cash-settled  gold futures in a tag team shakedown, as the COMEX futures / London spot OTC brothers continually do in the CME and London Bullion Market Association (LBMA) controlled venues, while providing fictitious price discovery when the physical gold market is on fire, and there is no gold supply to be found, then

Read More »