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BullionStar Blogs

BullionStar is renowned for presenting original research and expertise
covering the most important trends in the precious metals markets.

Russia Buying Gold Through Sovereign Wealth Fund

Russia Buying Gold Through Sovereign Wealth Fund

  • date 22 Jun 2022 01:47
  • author Ronan Manly
  • comments 2 Comments

As conflicts intensify between Russia and the West, gold continues to be at the forefront of geo-politics.

As Russia prepares its State Fund of Precious Metals to be able to rapidly trade gold in the event of a military mobilization, the EU is talking of a new round of Russian sanctions that will target gold.

New Russian laws may soon also classify the size of... Continue Reading arrow

Czech Republic Joins Hungary & Poland in Gold Buying Binge
Inside the Portuguese Central Bank's Gold Vault
Lack of Audits Undermine Lebanon’s Gold Leadership Claim
Kremlin Confirms Plan to Back Ruble With Gold & Commodities
Where is the Russian Federation’s Gold Stored?

Where is the Russian Federation’s Gold Stored?

  • date 21 Apr 2022 14:37
  • author Ronan Manly
  • comments 2 Comments

With weaponised sanctions targeting Russia’s foreign exchange reserves, the monetary gold reserves of the Bank of Russia have now taken on increased importance.

But where are these vast Russian gold reserves stored, a hoard which the Russian central bank claims to be 2299 tonnes? The popular belief is that ‘two thirds’ of this gold is stored in a vault in Moscow, and... Continue Reading arrow

China & Russia Teaming Up in the Gold Market

China & Russia Teaming Up in the Gold Market

  • date 13 Apr 2022 00:15
  • author Ronan Manly
  • comments 2 Comments

Laying potential foundations for a Chinese - Russian cooperative system utilizing gold, the Shanghai Gold Exchange (SGE) and Russia’s National Financial Association are now actively collaborating to develop the Chinese and Russian gold markets.

Central to the cooperation on the Russian side is the National Financial Association’s precious metals market committee, which... Continue Reading arrow

Spotlight on Gold & Silver Mining Share Indexes – Part 1
Russian Ruble Relaunched Linked to Gold & Commodities
Russian Palladium & Platinum: Too Important to Sanction
Important BullionStar Update: 11 March 2022

Important BullionStar Update: 11 March 2022

  • date 11 Mar 2022 15:00
  • author BullionStar
  • comments 0 Comments

Amid heightened geo-political and financial market risk, BullionStar is currently seeing extremely high demand for its precious metals products and limited availability in some bullion products.

Our average order size in March has increased by 343% so far compared to February, and we are seeing a larger percentage of orders originating from international customers.... Continue Reading arrow

U.S. Tees Up 'Stop Russian Gold Act'

U.S. Tees Up 'Stop Russian Gold Act'

  • date 9 Mar 2022 17:11
  • author Ronan Manly
  • comments 4 Comments

On 7 March, in a coordinated fashion, the London Bullion Market Association (LBMA) and COMEX both simultaneous suspended all Russian gold refiners at exactly the same time as a Bill was introduced into the US Senate targeting the central bank of Russia’s gold reserves.

In essence, a war has now been declared by the West against Russian gold. These moves will have far reaching... Continue Reading arrow

The LBMA Fears Stoking the Russian Bear

The LBMA Fears Stoking the Russian Bear

  • date 5 Mar 2022 01:21
  • author Ronan Manly
  • comments 3 Comments

Despite evidence that the LBMA accredited Russian refineries are in breach of UK-US-EU sanctions and the LBMA’s own rules, the LBMA is stalling in taking any action.

Is this due to the massive number of Russian refinery gold and silver bars held by the world’s largest precious metals ETFs in London, or is the LBMA terrified of unleashing a Russian flight to gold for world... Continue Reading arrow

LBMA a Deer in Headlights On Russian Gold Refiners Sanctions

LBMA a Deer in Headlights On Russian Gold Refiners Sanctions

  • date 28 Feb 2022 06:01
  • author Ronan Manly
  • comments 5 Comments

As a raft of new sanctions from the US, EU and UK come out targeting Russia's financial system and banks, the LBMA has quietly removed the fact that Russian banks VTB and Bank Otkritie are LBMA members.

At the same time, the LBMA has said nothing about the large group of Russian refiners on the current LBMA Good Delivery Lists for gold and silver.

With the Western... Continue Reading arrow

BullionStar Financials FY 2021 – Year in Review

BullionStar Financials FY 2021 – Year in Review

  • date 23 Feb 2022 00:23
  • author BullionStar
  • comments 0 Comments

This post reviews BullionStar’s financial performance for the financial year ending 30 June 2021, and milestones during that financial year. Continue Reading arrow

Bloomberg Hit Piece On UAE Gold Triggers Strong Response
UAE Takes On LBMA With Launch of Gold Good Delivery Standard
Central Banks Coordinate Jawboning, Tapering to Prove Futile
Irish Central Bank Raises Gold Reserves by 33%

Irish Central Bank Raises Gold Reserves by 33%

  • date 7 Dec 2021 00:13
  • author Ronan Manly
  • comments 4 Comments

The Central Bank of Ireland has quietly purchased 2 tonnes of gold, boosting its gold holdings by 33%.

While in absolute terms, this may not seem like a lot, the fact that it’s a Eurozone Western economy doing the gold buying is notable.

And with the Irish central bank governor now warning that the inflation coming down the pipe may be ‘something different’, the... Continue Reading arrow

Singapore Adds 26 Tonnes of Gold to its Reserves

Singapore Adds 26 Tonnes of Gold to its Reserves

  • date 27 Nov 2021 15:39
  • author Ronan Manly
  • comments 4 Comments

Almost under the radar, Singapore’s central bank, the Monetary Authority of Singapore (MAS) has boosted it’s gold reserves by 20% via the purchase of more than 26 tonnes of gold.

While these MAS gold buying transactions are said to have occurred during May and June this year, the transactions are only now coming to light.

This is a major move by one of the... Continue Reading arrow

Bullion Banksters Pay $50 Million to Get Out of Jail Free
Gold Shines as Money in Venezuela Amid Hyperinflation

Gold Shines as Money in Venezuela Amid Hyperinflation

  • date 11 Nov 2021 22:18
  • author Ronan Manly
  • comments 2 Comments

With inflation rates surging across the world and with talk of hyperinflation, it’s useful to look at one country whose currency has collapsed and which is in the midst of hyperinflation. That country is Venezuela.

And when the Venezuelan population loses trust in it’s fiat currency and the populace needs to find monetary alternatives, one of the alternatives that... Continue Reading arrow

Swiss Pressure Against UAE Gold Imports Causes Rebuttal
Poland Accelerates Gold Buying; Buying 100 Tonnes in 2022
India Quietly Accumulating Large Quantities of Gold

India Quietly Accumulating Large Quantities of Gold

  • date 30 Sept 2021 23:54
  • author Ronan Manly
  • comments 3 Comments

India's central bank, the Reserve Bank of India (RBI), is now one of the world's largest gold buying, having stealthily accumulated 166 tonnes of gold since early 2018.

In total, the RBI now holds 724 tonnes of gold, with just under 300 tonnes stored in a secretive gold vault in Nagpur, India, and the rest held mainly at the Bank of England in London.

With China and... Continue Reading arrow

How CBDCs Will Enable Surveillance & Control

How CBDCs Will Enable Surveillance & Control

  • date 24 Sept 2021 00:50
  • author Ronan Manly
  • comments 7 Comments

Central Bank Digital Currencies (CBDCs) are an ominous development that will soon be launched by central banks across the world.

Billed as a public interest technology innovation, the real aim of CBDCs is to provide central banks and governments with enhanced forms of surveillance and control.

CBDCs are the antithesis to monetary freedom, so it is critical to... Continue Reading arrow

Can Treasurers Afford to Ignore Palantir’s Gold Gambit?
Afghanistan’s Gold at NY Fed: 1,731 Old Bars Held Since 1939

Afghanistan’s Gold at NY Fed: 1,731 Old Bars Held Since 1939

  • date 19 Aug 2021 19:26
  • author Ronan Manly
  • comments 0 Comments

Nearly 22 tonnes of Afghan central bank gold stored with the New York Fed has just been frozen by the US Treasury.

This Afghan gold consists of a total of 1731 old “non-Good Delivery’ gold bars, which have been in the New York Fed vault since 1939.

This is also not the first time this Afghan gold has been blocked, as it was also frozen between 1999 and 2001. Continue Reading arrow

The Trigger That Closed the U.S. Gold Window

The Trigger That Closed the U.S. Gold Window

  • date 17 Aug 2021 00:30
  • author Ronan Manly
  • comments 4 Comments

While a lot will be written about the 50th anniversary of the US Government famously suspending the convertibility of US dollars into gold on 15 August 1971, there is far less, if any, coverage about what exactly triggered it and why the timing had to be 15 August.

Bringing together never before seen material, this article blows a lid on the British and the Bank of England... Continue Reading arrow

Gold Price Smash in Paper, But Physical Demand On Fire

Gold Price Smash in Paper, But Physical Demand On Fire

  • date 10 Aug 2021 12:05
  • author Ronan Manly
  • comments 13 Comments

As COMEX gold trading opened for the week on Sunday 8 August, while New York, London, Singapore and Tokyo were all closed, huge volumes of selling hit the market to take down the gold price.

Who were the sellers and who did they represent, and does this intervention have central bank involvement?

While a price smash in the paper gold and silver markets may fool Wall... Continue Reading arrow

Brazil Refuses to Answer Questions About Gold Reserves
The Saga Continues For Venezuela’s Gold at the BoE

The Saga Continues For Venezuela’s Gold at the BoE

  • date 28 Jul 2021 20:25
  • author Ronan Manly
  • comments 4 Comments

The legal fight over 31 tonnes of gold owned by Venezuela’s central bank (BCV) and stored at the Bank of England continues, and this month made it all to way to the Supreme Court in London.

At stake is who has the authority to withdraw the BCV gold, and who is the recognised president of Venezuela, Maduro or the US and UK backed Guaidó.

The ramifications of the... Continue Reading arrow

Infographic: Paper Silver vs. Physical Silver

Infographic: Paper Silver vs. Physical Silver

  • date 23 Jul 2021 15:25
  • author BullionStar
  • comments 1 Comments

The international silver price is derived from gigantic trading volumes of ‘paper silver’ in London and New York which have little connection to real physical silver inventories or annual silver supply.

It is therefore crucial for investors to understand the differences between physical silver and paper silver and to grasp that one is real ownership of tangible silver while... Continue Reading arrow

Has Macron’s Call For New IMF Gold Sales Been Slapped Down?
Thai Central Bank Buys 90 Tonnes of Gold in April & May
In Ongoing Saga, Dubai Stands its Ground With the LBMA

In Ongoing Saga, Dubai Stands its Ground With the LBMA

  • date 19 Jun 2021 00:26
  • author Ronan Manly
  • comments 7 Comments

Following LBMA threats against the Dubai gold market last November, the DMCC executive chairman had the courage to point out the hypocrisy of the LBMA’s position.

While this criticism of the LBMA has continued into 2021, now Dubai & the UAE are also fighting back with proactive gold market initiatives that could see UAE become an even bigger competitor to London. Continue Reading arrow

Stealthy Central Banks at the London Gold Market's Heart
Russia Lines Up State Fund For Military Mobilization

Russia Lines Up State Fund For Military Mobilization

  • date 26 May 2021 23:45
  • author Ronan Manly
  • comments 0 Comments

With the imminent arrival of the massive Russian sovereign wealth fund, the National Wealth Fund, as a new gold buyer in addition to the firepower of Russia's central bank, it now looks like Russia is upping the stakes in it's grand game of geo-political and monetary chess. Indeed a game of 4D chess that uses golden pieces. Continue Reading arrow

BullionStar Financials FY 2020 – Year in Review

BullionStar Financials FY 2020 – Year in Review

  • date 25 May 2021 08:30
  • author BullionStar
  • comments 0 Comments

This post reviews BullionStar’s financial performance and milestones for the financial year ending 30 June 2020. Continue Reading arrow

LBMA Misleads Silver Market With False Claims

LBMA Misleads Silver Market With False Claims

  • date 11 May 2021 20:49
  • author Ronan Manly
  • comments 5 Comments

It has just come to light that the LBMA silver holdings in London vaults have been overstated by 3300 tonnes since they were reported in early April. Is this incompetence, or a case of blatant deception?

Since London silver vault holdings are an international gauge into the availability of silver supply for the investor and industrial markets, a full investigation of the LBMA... Continue Reading arrow

LBMA Acknowledges Silver Buying Frenzy & Shortage Fears

LBMA Acknowledges Silver Buying Frenzy & Shortage Fears

  • date 14 Apr 2021 04:22
  • author Ronan Manly
  • comments 4 Comments

A new report on investment silver from the LBMA is surprising in that it acknowledges the Silver Squeeze movement as having made a profound impact on silver ETF and bar and coin demand, and also startlingly admits that there were real concerns in February that London would run out of silver if ETF demand remained at an elevated level. Continue Reading arrow

Hungary Boosts Gold Reserves by 3,000% in Under 3 Years
ScotiaBank Sells Its New York COMEX Vault

ScotiaBank Sells Its New York COMEX Vault

  • date 8 Mar 2021 21:17
  • author Ronan Manly
  • comments 5 Comments

As the multi-year saga of the ScotiaBank withdrawal from the precious metals markets continues, the latest installment finds Scotia selling its COMEX New York vault to MTB / MKS PAMP. This deal includes a transfer of all the gold and silver in the NY Scotia vault to the care of MTB.

Despite this deal, Scotia is still very much involved in precious metals, especially in London,... Continue Reading arrow

Orwellian CFTC Now Going After Reddit Silver Apes
ETF Firm Warns Buying Silver Will Harm Hedge Funds & Banks
#SilverSqueeze Hits London as SLV Warns of Limited Supply
85% of Silver in London Already Held by ETFs

85% of Silver in London Already Held by ETFs

  • date 8 Feb 2021 04:10
  • author Ronan Manly
  • comments 21 Comments

While many eyes were on the mammoth iShares Silver Trust (SLV) last week, that is only part of the picture, as there are 14 other silver-backed ETFs which claim to store their silver in London.

Between them SLV and these other ETFs hold over 85% of all the silver in the LBMA London vaults. Which means that a few more days of very strong inflows into silver ETFs will create a... Continue Reading arrow

The Silver Squeeze vs. Wall Street Corruption

The Silver Squeeze vs. Wall Street Corruption

  • date 3 Feb 2021 00:22
  • author Ronan Manly
  • comments 11 Comments

In unprecedented fashion, a #SilverSqueeze movement has rapidly grown to take on the financial establishment in the 'paper' silver markets of London and New York.

But if it is to have any chance of success, this #SilverSqueeze movement must attack the Achilles heel of the bullion banks. That Achilles heel is the availability of physical silver. Continue Reading arrow

#SilverSqueeze: Physical Silver Shortage vs. Paper Silver

#SilverSqueeze: Physical Silver Shortage vs. Paper Silver

  • date 1 Feb 2021 08:39
  • author BullionStar
  • comments 4 Comments

The silver short squeeze in physical silver currently underway is unprecedented. Even so, the spot spot price of paper silver does not anywhere near reflect the real physical equilibrium price of silver. BullionStar may therefore in the near future have no option but to abandon setting prices based on silver spot price altogether and move to fixed prices. Continue Reading arrow

The Very Early Bitcoin Exchanges of 2009 to 2011
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