Tag Archive: gold storage

LBMA Clearing and Vaulting data reveal the absurdity of the London ‘Gold’ Market

2018-10-02

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2018-10-02

LBMA gold vaulting data report for end of June 2018: Published 1st October
The first day of each month sees the reporting of a number of statistics about the London Gold Market by the bullion bank led London Bullion Market Association (LBMA). These statistics focus on clearing data and vault holdings data and are reported in a 1 month lag basis for clearing activity and a 3 month lag basis for vault holdings data.

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Turkey and Russia Highlight Gold’s Role as a Strategically Important Asset

2018-05-03

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2018-05-03

US Federal Reserve Bank Gold Holdings, Mar 2016 - 2018
On 17 April, Turkish news publication Ahval published a report stating that during 2017, Turkey withdrew 26.8 tonnes of gold that it had stored in the vaults of the New York Federal Reserve, and moved this gold under the custodianship of the Bank of England and the Bank for International Settlements (BIS). The source of the Ahval report was a Turkish language article from the popular Hürriyet newspaper in Turkey.

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Why the World’s Central Banks hold Gold – In their Own Words

2018-03-22

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2018-03-22

World Official Gold Holdings, February 2018
Collectively, the central bank sector claims to hold the world’s largest above ground gold bar stockpile, some 33,800 tonnes of gold bars. Individually within this group, some central banks claim to be the top holders of gold bullion in the world, with individual holdings in the thousands of tonnes range.

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US Gold Reserves, Of Immense Interest to Russia and China

2018-01-22

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2018-01-22

Russia China Real Gold Standart
Recently, Russian television network RT extensively quoted me in a series of articles about the US Government’s gold reserves. The RT articles, published on the RT.com website, were based on a series of questions RT put to me about various aspects of the official US gold reserves. These gold reserves are held by the US Treasury, mostly in the custody of the US Mint. The US Mint is a branch of the US Treasury.

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Bank of England releases new data on its gold vault holdings

2017-05-04

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2017-05-04

An article in February on BullionStar’s website titled “A Chink of Light into London’s Gold Vaults?” discussed an upcoming development in the London Gold Market, namely that both the Bank of England (BoE) and the commercial gold vault providers in London planned to begin publishing regular data on the quantity of physical gold actually stored in their gold vaults.

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