Gold, Silver & Other Precious Metals 18 (Jan 23 - Dec 25)

[winston]

Gold demand highest in over decade: industry data

Source: AFP

Demand for the precious metal rocketed almost a fifth to 4,740.7 tonnes in 2022 from the prior year, the World Gold Council (WGC) said.

Purchases from central banks more than doubled to reach 1,136 tonnes, the highest total for more than five decades, as the Ukraine war fuelled inflation.

Gold jewellery demand softened slightly to 2,086 tonnes in the face of higher prices during the final quarter of 2022.

https://www.thestandard.com.hk/breaking ... ustry-data

[behappyalways]

Global Gold-Miner Consolidation Accelerates: Newmont Bids For Newcrest
https://www.zerohedge.com/markets/globa ... s-newcrest

[behappyalways]

Central Bank Gold Reserves Chart Second-Highest Increase Since 1950 In 2022
https://www.zerohedge.com/commodities/c ... -1950-2022

[behappyalways]

Chinese Gold Imports Hit Highest Level Since 2018
https://www.zerohedge.com/geopolitical/ ... level-2018

[behappyalways]

China's Central Bank Likely Owns 4,309 Tonnes Of Gold, More Than Double What Is Officially Disclosed
https://www.zerohedge.com/commodities/c ... -disclosed

[winston]

Perth Mint sold diluted gold to China, got caught, and tried to cover it up

By Angus Grigg, Ali Russell, Stephanie Zillman and Meghna Bali

Key points:

The mint started "doping" its gold as a cost-saving measure

When it got caught for some of its gold dipping below Shanghai Gold Exchange standards, it kept it quiet

While the gold remained above the 99.99 per cent requirement, it exceeded the amount of allowable silver in Shanghai

Source: abc.net

https://www.abc.net.au/news/2023-03-06/ ... /102048622

[winston]

Gold Update: Is Half Enough?

BY Aibek Burabayev

The question is whether this loss of half of the preceding rally is enough to consider the current bounce as a reversal.

Source: ino.com

https://www.ino.com/blog/2023/03/gold-u ... AfXQnZByM8

[behappyalways]

Solar Energy Production Could Require Most Of The Global Silver Reserves By 2050
https://www.zerohedge.com/commodities/s ... erves-2050


Central Bank Gold Buying Takes Up Where It Left Off To Start 2023
https://www.zerohedge.com/markets/centr ... start-2023


Perth Mint Sold Billions In Diluted Gold To China, Tried To Cover It Up; Report
https://www.zerohedge.com/markets/perth ... -it-report

[behappyalways]

Singapore's Central Bank Boosts Gold Reserves By 30% To Nearly 200 Tonnes
https://www.zerohedge.com/markets/singa ... 200-tonnes

[behappyalways]

Chinese Gold Demand Continued To Surge In February
https://www.zerohedge.com/markets/chine ... e-february