Global ‘Gold Rush’ Beginning As Investors and Central Banks Buy, Repatriate and Move Gold


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◆ Gold is flowing to strong hands in safer forms of gold ownership, in safer jurisdictions

◆ Gold and silver bullion coins and bars owned by GoldCore’s clients have been moved from Hong Kong to Singapore

◆ Central bank and institutional gold rush is beginning as prudent money diversifies fx reserves by buying gold & repatriates their gold from London and New York

◆ Central banks are repatriating gold and buying gold as never before due to macroeconomic, geopolitical, systemic and monetary risks

◆ Poland’s government completed the repatriation of 100 tons of gold bullion; 8,000 gold bars worth $5 billion were moved by G4S from the Bank of England to the Polish central bank

◆ Serbia, Poland and Hungary have boosted their safe haven gold bullion reserves to protect their foreign exchange holdings and hedge growing monetary and systemic risks

◆ Slovakia has joined China, Russia and a host of countries buying gold or seeking to repatriate their gold from the Bank of England and the New York Federal Reserve

◆ Global rush to gold is leading to a run on ‘bank gold’ which is gold stored with banks and indeed a run on on the ‘gold bank’ in the form of central banks including the Fed and the Bank of England

◆ Prepare now with physical gold coins and bars in your possession or in fully segregated storage in Singapore and Zurich

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NEWS & COMMENTARY

Gold hits near 1-month high as trade drag prompts safety buying

Dow drops 350 points, biggest fall in 2 months, after Trump says he could wait on China deal

Wall Street sinks as Trump hints at delay in trade deal with China

U.S. Treasury yields continue fall; 10-year yield at 1.7020%

NY Fed has some explaining to do over Morgan Stanley’s unreported trading losses

Germany Is The Rotten Heart Of Europe


GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

03-Dec-19 1470.40 1477.30, 1132.50 1136.78 & 1328.51 1333.12
02-Dec-19 1457.50 1461.15, 1130.00 1130.05 & 1323.26 1321.17
29-Nov-19 1456.35 1460.15, 1129.55 1131.32 & 1323.24 1327.42
28-Nov-19 1457.55 1454.65, 1127.27 1127.35 & 1323.60 1321.84
27-Nov-19 1459.80 1454.35, 1134.12 1129.74 & 1326.23 1322.30
26-Nov-19 1457.65 1454.65, 1133.76 1131.86 & 1322.96 1321.11
25-Nov-19 1459.45 1458.40, 1133.41 1130.84 & 1325.33 1323.35
22-Nov-19 1471.30 1464.45, 1143.05 1140.22 & 1330.35 1326.06
19-Nov-19 1464.90 1468.45, 1132.37 1134.23 & 1323.68 1325.86
18-Nov-19 1458.40 1467.65, 1124.86 1132.59 & 1318.10 1325.88

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Mark O'Byrne

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