BullionStar Blogs

Chinese Gold Demand 694 MT YTD, Silver In Backwardation

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• Koos Jansen

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Total Chinese wholesale gold demand year to date reached 694 metric tonnes in week 18 (28-4-2014/30-4-2014), annualized 2004 tonnes. During that week 23 metric tonnes of gold were withdrawn from the vaults of the Shanghai Gold Exchange (SGE) in only three days! The SGE was closed on May 1 and 2. If the SGE would have been open for … Continue Reading

China's Are Tentacles Reaching All Over The Globe

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• Koos Jansen

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This week Chinese Premier Li Keqiang visits four African nations, Ethiopia, Nigeria, Angola and Kenya, to boost ties with Africa where Chinese direct investments reached $25 billion in 2013, up 44 per cent from 2008, according to the BRICS post. Li will also meet African Union leaders in Addis Ababa, Ethiopia. Chinese vice-minister for foreign affairs, Zhang Ming, told … Continue Reading

India Imports 32 Tonnes Of Gold In February

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• Koos Jansen

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Without further ado here are the official trade numbers from the DGCIS. INDIA IMPORTED 32 TONNES IN FEBRUARY. Gold premiums provided by Nick Laird from sharelynx.com. SILVER GROSS IMPORT WAS 486 TONNES. YTD 920 TONNES OF SILVER, ANNUALIZED 5520 TONNES. In Gold We Trust Continue Reading

Ukraine Another CIA Coup

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• Koos Jansen

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The CIA has been involved in the Ukraine for quite some time. CIA director, Brennan, visited the Ukraine in mid April to consult with this coup government. To understand what is happening in the Ukraine we need to put this into historical context. We need to understand that the CIA has overthrown dozens of governments … Continue Reading

Yuan Internationalization Requires Increase In Gold Reserves

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• Koos Jansen

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I present another intriguing translation, this time from an article by Tan Weihuan “China Gold News” Chief Researcher on the internationalization of the renminbi. What I find interesting is that according to the author China or any other of the BRICS countries in the short term are not interested in a gold backed currency (I share his opinion). … Continue Reading

SGE Withdrawals 29 MT In Week 16, YTD 635 MT

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• Koos Jansen

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From April 14 to 18, week 16, 29 metric tonnes of gold were withdrawn from the vaults of the Shanghai Gold Exchange. In week 15 it was 21 tonnes, so demand, which equals SGE withdrawals, is slightly picking up. Although it’s nowhere near the figures we saw in the beginning of this year, when there were … Continue Reading

Sprott Money Interviews Koos Jansen

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• Koos Jansen

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* Koos Jansen interview recorded April 16, 2014 Sprott Money News (SMN): Hi, welcome back to this week’s Ask the Expert. I’m Geoff Rutherford for Sprott Money News, and on the line with me today, we have Koos Jansen of In Gold We Trust. Koos is the founder and writer of In Gold We Trust. … Continue Reading

Guest Post: The Golden Age Of Our Times Is The Age Of Gold

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• Koos Jansen

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Towards a new international monetary system – Part 2. [This is the English translation, first published here on 2014/04/10, of the original article written in French] We first established in January 2013 the need to resolve the problem of the international monetary system, and its absolute priority. [1] We then proposed in May 2013 a … Continue Reading

The Story Of Black Gold & the Seven Sisters

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• Koos Jansen

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A four part Al Jazeera documentary about the history of oil cartels and how geo-political relations are dominated by oil. This documentary may shine some more light on the current tensions in the Ukraine, Syria and the East China Sea archipelago.   Continue Reading

SGE Withdrawals Equal Chinese Gold Demand, Part 3

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• Koos Jansen

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On April 4, 2014 Alasdair Macleod published an extensive analysis on the Chinese gold market. I felt obligated to respond to it by sharing my point of view and explain where I disagree with his analysis. I think his estimates are largely overstated because he double counts certain demand categories. He states Chinese gold demand … Continue Reading

Edward Snowden Testimony at PACE, April 4, 2014

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• Koos Jansen

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For the ones that are interested in Privacy and the NSA, this testimony of Edward Snowden at The Parliamentary Assembly of the Council of Europe (PACE) is a comprehensive summary of all his revelations as yet. In 30 minutes you will be fully updated and refreshed! In Gold We Trust Continue Reading

New Physical Gold Exchange In Singapore

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• Koos Jansen

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I was tipped of by one of my readers on a new gold exchange operating in Singapore; Allocated Bullion Solutions Singapore. After taking a look on their website I asked their public relations desk for the details of their business. Websites can be incomplete and I wanted to be sure on what kind of exchange … Continue Reading

Golden Ruble Symbol Appears In Front Of Russian Bank

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• Koos Jansen

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Silverdoctors published an article on April 9, 2014 titled: PUTIN SENDS THE WEST A GOLDEN MESSAGE: CENTRAL BANK OF RUSSIA CHANGES LOGO TO GOLDEN RUBLE. The article presents a “Google Translate" from the Russian website 1prime.ru and states the Russian central bank has changed it’s logo into a Golden Ruble. From Silverdoctors: According to reports … Continue Reading

Deposit Insurance Will Increase Gold Demand in China

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• Koos Jansen

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Within 2014 the State Council aims to implement a new deposit insurance system for its banks. While one might think this is meant to lower systemic risk, it’s actually meant as a step to shift risk from te government to its citizens. Handing the people the opportunity to be more responsible for their own financial … Continue Reading

The Great HFT Debate With Michael Lewis On CNBC

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• Koos Jansen

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Great watch on High Frequency Trading Trading rigging markets. The debate about HFT is between William O’Brien, BATS Global Markets Presidents, Brad Katsuyama, IEX Group President, and Michael Lewis, Author of Flash Boys. Broadcasted on CNBC April 2, 2014. In Gold We Trust Continue Reading

Koos Jansen Interviews Jim Rickards On The Death Of Money

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• Koos Jansen

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I had the privilege to meet with Jim Rickards, while he was in The Netherlands for one day, to do an interview about his new book “The Death Of Money“. Accompanied by friend (and author of the book the The Big Reset) Willem Middelkoop we met at the hotel were Jim was staying and for one and … Continue Reading

Indians Desperate For Gold Thanks to Corrupt Leaders

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• Koos Jansen

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I found this a very informative interview about the Indian gold market. Sunny Pannu asks Jayant Bhandari, institutional advisor and writer with jayantbhandari.com, to briefly summarize the most important aspects of the Indian gold market. The Asian Gold Myth In Gold We Trust Continue Reading

Matterhorn Interview With Koos Jansen

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• Koos Jansen

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Lars Schall interviewed Koos Jansen on March 10, 2014. In Gold We Trust Continue Reading

Week 10, SGE withdrawals 36 MT, 454 MT YTD

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• Koos Jansen

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The price of gold is rising, but is this purely because of the tensions in the Ukraine? Not entirely, I think it adds fuel to a supply shortage created by enormous Chinese physical demand since April 2013. While paper sentiment might change today or tomorrow, the physical reality will eventually be the main driver to … Continue Reading

Chinese Gold Demand 418 Tonnes YTD, West Confused

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• Koos Jansen

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Another week (24-02-2014/28-02-2014), another 49 mt of Chinese gold demand in the form of withdrawals from the Shanghai Gold Exchange vaults. Withdrawals year to date account for 418 mt. This brings February Chinese gold demand to 172 mt, down 30 % from an all-time 246 mt record in January. Let’s not talk about the COMEX. In … Continue Reading

Dutch Gold Conference, March 29 in Nieuwegein

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• Koos Jansen

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There will be a gold & silver conference on March 29 in Nieuwegein, the Netherlands, organized by Edelmetaal-info.nl. I will be part of a panel discussion with Willem Middelkoop. More info can be found here. Tickets can be bought here. For a discount on tickets you can use my code KJ14 on the registration form. Hope to … Continue Reading

Weekly Chinese Gold Demand Exceeds Global Mining Production

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• Koos Jansen

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All over the media we have seen extreme gold shopping sprees around new year and at the Lunar year in China. This resulted in an all time Chinese gold demand record in January – which accounted for 246 tons. In the screen shot below the second number from the right (green – 本年累计交割量) is the amount … Continue Reading

Bundesbank Attempts to Subdue Gold Repatriation Concerns

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• Koos Jansen

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Yesterday I published an interview by German newspaper Handelsblatt with Carl-Ludwig Thiele, Member of the Executive Board of the Deutsche Bundesbank, that was published in english on the website of the Bundesbank regarding the progress of the German gold repatriation process. This publication was clearly an attempt to convince the international audience that there were absolutely no... Continue Reading

Half of German Gold Will be Stored in Germany by 2020

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• Koos Jansen

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INTERVIEW 2014-02-19 Interview with Carl-Ludwig Thiele, Member of the Executive Board of the Deutsche Bundesbank, published in Handelsblatt on 19 February 2014. Translation: Deutsche Bundesbank Interview conducted by Norbert Häring and Jens Münchrath. Mr Thiele, do you consider yourself a kind of psychotherapist of the German soul? No, why should I? Bundesbank President Jens … Continue Reading

The End of Bretton Woods & the Race to the Bottom, 1971

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• Koos Jansen

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I stumbled upon a few interesting reads about the end of the Bretton Woods system in August 1971. In those years there was a lot of monetary turmoil, just like now. Before 1971 the US dollar was pegged to gold, and foreign countries held dollars in reserve because the US had promised they were “as … Continue Reading

Bundesbank Changes Gold Repatriation Schedule

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• Koos Jansen

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One of the initiators of the German public campaign “Repatriate our Gold” is Peter Boehringer of “German Precious Metal Society” (est 2006). After lengthy efforts together with partner the “European Taxpayers Association”, the team finally, in January 2013, brought about Bundesbank´s decision to repatriate 300 tons of gold from the US and 374 tons from France … Continue Reading

Guest Post: The Gold Market, Part 2

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• Koos Jansen

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You can read part one here. Eventually all five parts can be found in the side bar of this website under the header “Online Education" Written by James Orlin Grabbe in the late nineties. Part 2 How Foreign Exchange Intervention Affects the Money Supply In order to succeed, a regime of fixed exchange rates (and under … Continue Reading

Guest Post: The Rockefellers

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• Koos Jansen

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Written by 24 carat The Rockefellers, The Rothschilds and many other giant Dynasties… These financial industry giants lived through all the wealth cycles of the past 100 years and more. What used to be long term wealth investments evolved to the day-trading, making money activities, with a top in the year 2000. Then the financial … Continue Reading

Guest Post: The Gold Market, Part 1

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• Koos Jansen

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Education has been an important part of my journey through economics in recent years. I’ve experienced it was hard to find oriented material for what I was looking for. If you have all the time in the world you can read hundreds of books and probably you will come across the topics you were specifically … Continue Reading

Koos Jansen Interviews Turd Ferguson

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• Koos Jansen

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This interview was recorded on January 10, 2014. It’s a nice chat between me (Koos Jansen) and Turd Ferguson. I also answered a few questions from Turd’s subscribers. In Gold We Trust Continue Reading

SGE Gold Withdrawals Down, Silver Premiums 5%

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• Koos Jansen

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Friday January 10, 2013, the first Chinese gold report was released by the SGE. First let’s look at the amount of gold withdrawn from the vaults. Below is a screen dump from the withdrawals in the first trading week of 2014, which covered 30-12-2013 / 3-1-2014 (there was no trading on 01-01-2014). The green number … Continue Reading

Dutch Central Bank Tight-Lipped About Gold Policy

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• Koos Jansen

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Only 11 % of Dutch official gold reserves, which is 613 tons in total, is stored in Amsterdam. The rest is held abroad; 20 % in Ottawa, 20 % in London and 49 % in New York. Because of my believe gold will re-enter the monetary system within a few years I’m most concerned about the … Continue Reading

Guest Post: Gold Pricing and The Flows Of Gold Metal

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• Koos Jansen

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Written by 24 carat. Up until now, the gold price did never caught up with 100 years of currency devaluations. This makes us believe the $ is better than gold, accomplished through the artificial fixing of the gold price. The international $ monetary system still dictates the entire world what the appropriate gold price is. The … Continue Reading

China’s FX Research Center: Gold Is The Strategy

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• Koos Jansen

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The next translation I present is from a speech by Tan Ya Ling, President of the China Foreign Exchange Investment Research Institute, given on a gold conference May 7, 2013 Beijing. Probably it’s not the whole speech as the title of the original article mentions oil, but the article itself doesn’t. When I googled Tan Ya … Continue Reading

Unprecedented Total Chinese Gold Demand in 2013

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• Koos Jansen

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Friday the numbers were released on total Chinese gold demand for 2013. Total demand can be measured by the amount of physical gold that is withdrawn from the vaults of the Shanghai Gold Exchange. In the last full trading week (#52, December 23 – 27) of 2013 there were 53 tons of physical gold withdrawn, which … Continue Reading

Is the U.S. Suppressing Gold to Ensure Dollar's Dominance?

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• Koos Jansen

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I’ve got a confession to make: I believe in conspiracy facts. After having witnessed scandals like NSA, LIBOR, Lance Armstrong, ISDAfix, money laundering by too big to fail banks, rigged currency rates, Bernie Madoff, the US sub-prime crisis, bank bailouts (in Europe and the US), the Greek tragedy, 9/11, the Iraq invasion and Enron, I came to the conclusion it is just what people... Continue Reading

New Year’s Eve Gold Rush At Shanghai Shopping Mall

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• Koos Jansen

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This email was just sent to me by one of my Chinese friends. New year’s eve is big sales day in Shanghai. The biggest shopping mall usually sell as much goods on 12/31 as it sells in one month. This shopping mall stocked 200 kilos of gold bars and sold out in 3 hours because … Continue Reading

China Accumulates Gold For The World Dream

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• Koos Jansen

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Gold will return to the international monetary system and China will have a great influence in how this will play out. In 2013 China has imported 2000 tons of gold, quickly becoming one of the most powerful voices at the IMF table. In the following translation we can read how Mr. Zu He Liang, director at … Continue Reading

YTD SGE Delivery 16-20 December 55 Tons, 2128 Tons

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• Koos Jansen

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In the end stage of 2013, in between 16 – 20 December, the “Chinese Aunties" have withdrawn 55 tons of gold from the vaults of the Shanghai Gold Exchange. That’s more than the official gold reserves of Finland and most likely more than what has been globally mined that week. The Chinese gold rush has been … Continue Reading

More On The West To East Gold Exodus

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• Koos Jansen

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The most significant parameter to measure the gold distribution from west to east is the trade vein that runs from the UK through Switzerland through Hong Kong, eventually reaching Shanghai. The UK Source In October the UK has net exported 90 tons of gold to Switzerland, – 16 % m/m, year to date the Swiss … Continue Reading

Who Controls the U.S. Media?

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• Koos Jansen

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Are US citizens “unconsciously" stimulated into consuming goods through the media? Watch this Youtube clip and judge for yourself: In Gold We Trust Continue Reading

How Gold is Smuggled Into Mainland China

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• Koos Jansen

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While I’m still researching all the other ways of how the Chinese may be smuggling gold from Hong Kong into the mainland, I came across an interesting video from CCTV in which is exposed how smugglers dig tunnels underneath Honk Kong borders in order to transport “goods" to places where there is demand for “goods". … Continue Reading

YTD SGE Delivery 2073 Tons, 50 Tons From 9-13 December

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• Koos Jansen

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The amount of gold withdrawn from the Shanghai Gold Exchange vaults has been increasing in recent weeks. After an explosive week in April, when 117 tons of gold were withdrawn, weekly averages came down to a constant 40 tons throughout the year. At the end of October it seemed Chinese demand for physical gold was … Continue Reading

SGE Chairman: Huge Potential For Gold Investment

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• Koos Jansen

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Since October 2013 there is a new chairman at the Shanghai Gold Exchange. After Shen Xiangrong (2002) and Wang Zhe (2010), it’s now the turn to Xu Luode (2013): Xu Luode was born in 1962 and has been a member of the Chinese Communist Party since June 1982. In 1983 he graduated as a Bachelor in Economics at … Continue Reading

China Prepares For Financial Warfare

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• Koos Jansen

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On 17 and 18 September 2011 a conference on “risk management for Chinese corporations" was held in Shenzen, China, organized by the research center of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC). An introduction of a few speakers: General Qiao Liang, who wrote this book. Mei Xinyu, researcher at the Chinese Academy of International... Continue Reading

China Mainland Gold Imports Accelerating

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• Koos Jansen

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This week the the Hong Kong Census and Statistics Department officially released their trade numbers from October. Whilst they offer specific numbers in advance to anybody willing to pay, I rather wait for the total booklet to be published free of charge. Most significant is the amount of gold net exported to the mainland, up 21 … Continue Reading

YTD SGE Delivery 1979 Tons, 51 Tons In Week 48

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• Koos Jansen

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Physical withdraws from the Shanghai Gold Exchange vaults were up 8 tons last week, 51 tons from 43 tons a week earlier, up 16.53%. As we heard a few days ago from the biggest refinery in Switzerland they have been working 24 hours a day in three shifts all year in order to supply the Chinese, and this … Continue Reading

Alex Stanczyk: Physical Gold Supply Has Never Been Tighter

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• Koos Jansen

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Wednesday I had the privilege again to interview Alex Stanczyk, Chief Market Strategist for the Anglo Far- East group of companies, who just returned from a trip to Switzerland. Alex confirmed to me the distribution of gold from west to east is not slowing down whatsoever. Refineries in Switzerland are still working 24 hour a day … Continue Reading

China Embraces Bitcoin

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• Koos Jansen

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Bitcoins can vanish, gold can not. That’s the bottom line for me. Like most people I’m not a software engineer, for me it’s nearly impossible to ever be sure about the safety of Bitcoin. My trust in the virtual currency can only be based on my trust in software engineers. If I deposit one troy ounce … Continue Reading

YTD SGE Delivery 1928 Tons, 43 Tons in Week 47

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• Koos Jansen

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Physical delivery from the Shanghai Gold Exchange remains extraordinary robust throughout November. According to numbers released today by the SGE, last weeks delivery was 43 metric tonnes, up 7.5 % from a week earlier. Total SGE delivery year to date stands at 1928, on track to reach 2092 tons at the end of December. Total … Continue Reading