Gold, Silver & Other Precious Metals 17 (May 19 - Jan 23)

[behappyalways]

卢布锚定黄金，多极货币体系将横空出世？
https://m.youtube.com/watch?v=StNkzyLNFUU

[behappyalways]

"We're Closely Monitoring" - Did Yellen Just Signal Gold-Grab Over Russian Sanctions Loophole?
https://www.zerohedge.com/geopolitical/ ... -sanctions

[winston]

UK, US, Japan, Canada to ban Russia gold imports

by William Schomberg

Apply to newly mined or refined gold.

The move will not affect previously exported Russian-origin gold.

Russian gold exports were worth £12.6 billion (US$15.45 billion) last year.

The latest initiative follows the London Bullion Market Association's March suspension of accreditation for six Russian precious metals refiners.

Source: Reuters

https://www.theedgemarkets.com/article/ ... ld-imports

[behappyalways]

"I'm A Fan Of Gold" - Seth Klarman Supports 'Prudent' Positioning As Goldman Hikes Precious Metal Price Target
https://www.zerohedge.com/markets/im-fa ... ice-target

[behappyalways]

Von Greyerz: This Implosion Will Be Fast... Hold On To Your Seats
https://www.zerohedge.com/markets/von-g ... your-seats

[behappyalways]

Peter Hambro: BIS, Central Banks Are Rigging Gold Market Using Bullion Banks' Paper Gold
https://www.zerohedge.com/markets/peter ... paper-gold

[behappyalways]

Despite Manipulating Precious Metals Prices, JPMorgan Is Still At The Heart Of The LBMA, SBMA, & COMEX
https://www.zerohedge.com/markets/despi ... -and-comex

[behappyalways]

China's net gold imports via Hong Kong soar in June
https://www.businesstimes.com.sg/energy ... ar-in-june

[behappyalways]

Gold/Silver Ratio Highest Since 1990s Recession
https://www.zerohedge.com/commodities/g ... -recession

[winston]

From profits to pay, JPMorgan’s gold secrets spill out in court

by Eddie Spence and Jack Farchy

Notching up annual profits between US$109 million and US$234 million a year between 2008 and 2018.

The lion’s share of that comes from trading in financial markets but the bank does plenty of physical business as well.

Trading and transporting physical precious metals makes the bank about US$30 million a year on average.

In 2020, JPMorgan made US$1 billion in precious metals.

JPMorgan holds tens of billions of dollars in gold in vaults in London, New York and Singapore.

In 2010, for example, 40% of all transactions in the gold market were cleared by JPMorgan.

Source: Bloomberg

https://www.theedgemarkets.com/article/ ... -out-court