Jan Gold 2 years ago

Gold Held Up Extremely Well in September Against Rising Real Rates “I’m introducing the “Gold Price–TIPS Model Tracker” to improve our understanding of how the gold price is set and its future potential.”

Gold Held Up Extremely Well in September Against Rising Real Rates

Despite the gold price declining for several months, its performance is extremely strong considering sharply rising real interest rates using the T...

Jan Gold 2 years ago

World Official Gold Holdings Reach Record High My estimation of global official gold reserves hit 38,764 tonnes in Q2 2023, breaking its previous record from 1965. The new high confirms the world has entered a new era of gold. Central banks will continue to accumulate gold and the metal’s role in the international monetary system will increase to the detriment of the US dollar.

Estimated World Official Gold Holdings Reach Record High

Estimated global official gold reserves hit 38,764 tonnes in Q2 2023, breaking its previous record from 1965. This confirms the world has entered a...

Jan Gold 2 years ago

Estimated Chinese Gold Reserves Cross 5,000 Tonnes In the first six months of 2023 the Chinese central bank bought an estimated 353 tonnes. Although demand in H1 2023 was down 34% from H2 2022, demand was still strong and a driving force of the price of gold.

Estimated Chinese Official Gold Reserves Cross 5,000 Tonnes

Jan Nieuwenhuijs's estimate for China’s official gold reserves is 5,029 tonnes by June 2023. In H1 2023 the Chinese central bank bought an estima...

Jan Gold 2 years ago

The West Is Losing Control Over the Gold Price The East has been driving up the gold price, predominantly in late 2022 and the first months of 2023, breaking the West’s long standing pricing power.

The West Is Losing Control Over the Gold Price

An important change has unfolded in the global gold market. The East has been driving up the gold price, breaking the West’s long standing pricin...

Jan Gold 2 years ago

German Central Bank: Gold Revaluation Account Underlines Soundness of Balance Sheet “[This] accentuate gold’s role as a remedy regarding financial challenges created by boundless money printing.”

German Central Bank: Gold Revaluation Account Underlines Soundness of Balance Sheet

Executive Board Member of the German central bank makes clear that losses on the central bank’s balance sheet are guaranteed by the bank’s gold...

Jan Gold 2 years ago

The PBoC Manipulates the SGE Gold Price

The PBoC Manipulates the SGE Gold Price

By obstructing gold import and export the People’s Bank of China (PBoC) greatly amplifies the gold premium or discount on the Shanghai Gold Excha...

Jan Gold 2 years ago

"The US dollar price of gold has been declining in the past two months, though it continues to show significant strength against the 10-year TIPS yield. Gold’s performance since early 2022 must be seen as bullish."

Despite Declining Price Gold Is Strengthening

The US dollar gold price has declined for 2 months, but it has shown strength against the 10-yr TIPS yield, to which it was tightly correlated from...

Jan Gold 2 years ago

The Shanghai International Gold Exchange and Its Role in De-Dollarization De-dollarization can be accomplished by using yuan to settle international trade and store surpluses in gold through the SGEI.

The Shanghai International Gold Exchange and Its Role in De-Dollarization

This article is a primer on the Chinese gold market and the Shanghai International Gold Exchange (SGEI). De-dollarization by using yuan to settle i...

Jan Gold 2 years ago

COMEX Gold Futures Explained Part 1: The Basics In this first part we will discuss the history of futures trading and the basics of COMEX gold futures.

COMEX Gold Futures Explained Part 1: The Basics

This is part one of a series on COMEX gold futures contracts. In this first part we will discuss the history of futures trading and the basics of C...

Jan Gold 2 years ago

Is Saudi Arabia Selling Oil to China for Gold? “De-dollarising could be done by using the renminbi as a trade currency and converting yuan revenue into gold on the Shanghai International Gold Exchange.”

Is Saudi Arabia Selling Oil to China for Gold?

Rumors are making rounds that Saudi Arabia is selling oil for yuan, which it converts into gold on the Shanghai International Gold Exchange (SGEI).

Jan Gold 2 years ago

The Hierarchy of Money and the Case for $8,000 Gold

The Hierarchy of Money and the Case for $8,000 Gold

A long-term gold valuation model, assuming gold accounts for the majority of international reserves, suggests the gold price exceeds $8,000 in the ...

Jan Gold 2 years ago

Gold up +1.47% on safe haven demand, at $1,939 USD/oz.

Jan Gold 2 years ago

Gold trading strong at $1,918 USD/oz

Jan Gold 2 years ago

Gm

Jan Gold 2 years ago

This story about the purity of gold refined by the Perth Mint is overblown. It was brought as if gold delivered to the Shanghai Gold Exchange was fake (diluted), but the purity was never less than 99.992%.

Jan Gold 2 years ago

The European Central Bank’s (ECB) gold holdings went up by 2 tonnes in January 2023. This tonnage is most likely Croatia’s contribution in international reserves to the ECB for joining the eurosystem on the 1st of January 2023.

Jan Gold 2 years ago

Hoe does one get a purple badge here?

Jan Gold 2 years ago

“According to my analysis, the Chinese central bank owned 4,309 tonnes of gold on December 31, 2022, which is more than double than what is officially disclosed.” My estimates: PBoC reserves 4,309t Private reserves 23,745t Total gold in China 28,054t

Estimating the True Size of China’s Gold Reserves

According to Jan Nieuwenhuijs's analysis, the Chinese central bank owns 4,309 tonnes of gold, which is more than double than what is officially dis...

Jan Gold 2 years ago

Currently I’m working on an article about the true size of China’s gold reserves. Stay tuned!

Jan Gold 2 years ago

China's U.S. government bond holdings hit the lowest in over 12 years at the end of December, while its gold trove grew against a backdrop of American interest rate hikes and bilateral tensions.

Nikkei Asia

China's U.S. Treasury holdings hit 12-year low on rate hikes, tensions

Gold imports up 60% as Beijing diversifies reserves