{"id":27381,"date":"2017-10-28T11:08:47","date_gmt":"2017-10-28T16:08:47","guid":{"rendered":"http:\/\/olduvai.ca\/?p=27381"},"modified":"2017-10-28T11:08:47","modified_gmt":"2017-10-28T16:08:47","slug":"significant-developments-in-the-precious-metals-market-where-we-go-from-here","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=27381","title":{"rendered":"SIGNIFICANT DEVELOPMENTS IN THE PRECIOUS METALS MARKET: Where We Go From Here"},"content":{"rendered":"
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SIGNIFICANT DEVELOPMENTS IN THE PRECIOUS METALS MARKET: Where We Go From Here<\/a><\/h3>\n

As the U.S. Stock Market Bubble continues upward toward a giant pin, there are some interesting developments that precious metals investors will find quite interesting.\u00a0 Yes, there\u2019s still a lot of life left in the precious metals, even though pessimistic market sentiment has frustrated a lot of gold and silver investors.<\/span><\/p>\n<\/header>\n

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Also, even though precious metals investment demand in the U.S. has fallen 40+% compared to the same time last year, it continues to be strong in other parts of the world.\u00a0 For example, German physical gold bar and coin demand increased 8% in the first half of 2017 versus the same period last year, while U.S. fell by 45%<\/strong>.\u00a0 Moreover, flows into European Gold ETF\u2019s hit a record during the second quarter of 2017:<\/p>\n

Now, if we look at what is going on with gold and Central Bank demand, Russia takes the first place.\u00a0 According to the article by Smaulgld, Russia Steps Up Gold Purchase With Massive Buy In September<\/strong><\/em><\/a>:<\/p>\n

In September 2017, the Central Bank of Russia added 1.1 million ounces<\/strong> (34.2138 tons) of gold to her reserves, raising her total to 1779.119 tons or 57.2 million ounces.<\/p>\n

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Central Bank of Russia has added 5.3 Million ounces (approximately 165 tonnes) in 2017 through September.<\/p><\/blockquote>\n

If you haven\u2019t already checked out Louis\u2019s work at Smaulgld.com<\/strong><\/em><\/a>, I highly recommend you do.\u00a0 So, as the German public and Russian Central bank continue to increase their gold holdings, Americans have cut back considerably, or worse\u2026 have been liquidating.\u00a0 Furthermore, the\u00a0U.S. gold market is suffering another supply deficit this year.\u00a0 As of July 2017, U.S. gold mine supply and imports totaled 288 metric tons (mt) while exports were 290 mt.\u00a0<\/strong> Thus, we have exported ALL of our gold mine supply and imports overseas.\u00a0 (NOTE:\u00a0 1 Metric Ton = 32,150 troy oz.)<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

SIGNIFICANT DEVELOPMENTS IN THE PRECIOUS METALS MARKET: Where We Go From Here As the U.S. Stock Market Bubble continues upward toward a giant pin, there are some interesting developments that precious metals investors will find quite interesting.\u00a0 Yes, there\u2019s still a lot of life left in the precious metals, even though pessimistic market sentiment has […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[124,303,647,694,14206,827,3650,16748,860],"class_list":["post-27381","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-fed","tag-precious-metals","tag-russia","tag-srsrocco","tag-united-states","tag-us-federal-reserve","tag-us-stock-market-bubble","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/27381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27381"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/27381\/revisions"}],"predecessor-version":[{"id":27382,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/27381\/revisions\/27382"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}