◆ Physical Gold Market Is Globalising As People and Institutions Globally but Particularly in Turkey, the Middle East, South East Asia, India, China Assume Dominance Over Banks in New York and London
◆ The London and New York fractional, unallocated bank gold trading and digital gold market is breaking up
◆ “This wasn’t peak fear. We are in the foothills of the global changes coming … ”
◆ “Global political and economic fragmentation is leading to a long-term increase in the demand for monetary and financial gold” from people and institutions in the Middle East and Asia.
◆ “Increased energy on the buy side, though, will not bring back the dominance of the traditional banks and families that were the previous masters of gold” such as the Rothchilds …
Full article by John Dizard in the Financial Times and GATA
NEWS and COMMENTARY
Gold slips as dollar firms despite second wave of coronavirus
Gold gains as dollar slips, new virus cases mount
Fed Warns of Significant Financial-Sector Vulnerabilities
Bond Traders Grasp Grim Reality of Economy’s Long Recovery Slog
Millions of Job Losses Are at Risk of Becoming Permanent
Chinese police have frozen several thousand accounts of Bitcoin traders
The American Press Is Destroying Itself
Dizard: The “gold market” is breaking up
GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)
12-Jun-20 1735.85 1733.50, 1374.10 1378.13 & 1533.28 1534.15
11-Jun-20 1731.90 1738.25, 1361.79 1373.74 & 1519.57 1528.10
10-Jun-20 1717.65 1722.05, 1346.64 1350.26 & 1511.88 1515.23
09-Jun-20 1707.50 1713.50, 1350.46 1348.87 & 1515.41 1510.62
08-Jun-20 1692.00 1690.35, 1333.97 1331.32 & 1496.91 1494.61
05-Jun-20 1709.55 1683.45, 1353.79 1327.91 & 1510.22 1490.53
04-Jun-20 1706.45 1700.05, 1363.97 1353.58 & 1523.86 1507.77
03-Jun-20 1717.60 1705.35, 1364.80 1355.41 & 1531.41 1519.81
02-Jun-20 1740.25 1742.15, 1385.76 1386.58 & 1556.83 1556.44
01-Jun-20 1734.80 1730.60, 1398.77 1393.13 & 1559.76 1556.16
29-May-20 1725.65 1728.70, 1401.92 1399.73 & 1550.15 1554.97
28-May-20 1723.30 1717.35, 1403.28 1398.27 & 1564.93 1556.61
27-May-20 1705.15 1694.60, 1385.95 1382.12 & 1552.71 1541.92
