from Liberty and Finance:
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Gold ETFs Record Net Inflows for Second Straight Month in April
by Peter Schiff, Schiff Gold:
For the second straight month, gold flowed into ETFs in April.
Globally, gold-backed ETFs reported net inflows of 15 tons last month, reflecting an increase of about $824 million.
This follows on the heels of a 32-ton increase in ETF gold holdings in March after 10 straight months of net outflows.
BIS Gold Swaps Held Steady Through April and Are Probably Intervention by Fed
by Robert Lambourne, Gold Seek:
From the information contained in the recently published March 31 and April 30 statements of account of the Bank for International Settlements —
https://www.bis.org/banking/balsheet/statofacc230331.pdf
https://www.bis.org/banking/balsheet/statofacc230430.pdf
— the bank’s gold swaps can be estimated at 78 tonnes as of March 31 and 135 tonnes at April 30. These compare to the 136 tonnes estimated as of February 28.
LOUISIANA’S BULLION BILL AND SOME NECESSARY CLARIFICATIONS
by Joseph P. Farrell, Giza Death Star:
After last week’s blog about the South Dakota bullion and unit-of-account bill, I received an email from Catherine Austin Fitts that the movement to state bullion depositories might be the latest gimik and squeeze play from the banksters. We’ll get to why that possibility should never be ignored in a moment, because the Louisiana bill, as written, contains some telltale signs that her misgivings are well-founded. But I also want to use this opportunity to clarify my thinking for the record, and to remind readers here that if you read my individual blogs and do not contextualize them within the wider body of my thinking about financial and physical systems, that you will be bound to misinterpret and forget what I’ve stated on previous occasions. Absent any repudiation by me, those earlier statements still form part of my thinking.
The Most Important Time to Own Gold
from Birch Gold Group:
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: John Williams on why inflation is worse than presented, Poland wants more gold, and Korea introduces gold ATMs.
John Williams: When inflation is really this bad, you need physical gold
John Williams is perhaps best known for his ShadowStats website, which provides inflation updates based on the measurements formerly used by the Federal Reserve. In the 1980s, the government decided that inflation was more of a marketing problem than a financial problem – and subsequently changed the way Consumer Price Index (CPI) numbers are captured and reported.
ANOTHER NFL FOOTBALL PLAYER COLLAPSES ON THE FIELD AND THAT SUSPENDS THE PRE-SEASON GAME
by Harvey Organ, Harvey Organ Blog:
BRICS MEETING STARTS TOMORROW//GOLD PRICE UP $7.15 TO $1894.30 WHILE SILVER WAS UP 59 CENTS TO $23.28//PLATINUM WAS UP $2.20 TO 914.60//PALLDIUM WAS DOWN $14.25//INTERESTING VIEWS: PETER SCHIFF AND CHRIS POWELL //ANOTHER NFL FOOTBALL PLAYER COLLAPSES ON THE FIELD AND THAT SUSPENDS THE PRE-SEASON GAME//OTHER COVID AND VACCINE UPDATES//SLAY NEWS/EVOL NEWS/NEWS ADDICTS//CHINA’S REAL ESTATE WOES WORSE THAN THOUGHT//UKRAINE VS RUSSIA UPDATES//UPDATES ON THE MAUI FIRE
YELLOW TO SEEK BANKRUPTCY PROTECTION ON MONDAY/
by Harvey Organ, Harvey Organ Blog:
SPREADER AND TAS INDUCED RAID ON OUR PRECIOUS METALS: GOLD CLOSED DOWN $21.80 TO $1947.10//SILVER CLOSED DOWN 59 CENTS TO $24.21//PLATINUM CLOSED DOWN $25.80 TO $939.00//PALLADIUM CLOSED DOWN $50.05 TO $1244.95//ECB HIKES BY 25 BASIS POINTS AS EXPECTED//UPDATES ON UKRAINE VS RUSSIA//COVID UPDATES//DR PAUL ALEXANDER//HOUSING PERMIT DATA FROM THE USA//YELLOW TO SEEK BANKRUPTCY PROTECTION ON MONDAY
3RD DAY IN A ROW WE WITNESS THE DEFENSE OF $2,000 GOLD WHERE FINALLY IT CLOSES ABOVE THAT//GOLD CLOSED UP $11.20 TO $2002.35
by Harvey Organ, Harvey Organ Blog:
3RD DAY IN A ROW WE WITNESS THE DEFENSE OF $2,000 GOLD WHERE FINALLY IT CLOSES ABOVE THAT//GOLD CLOSED UP $11.20 TO $2002.35//SILVER CLOSED UP 70 CENTS TO $24.32/PLATINUM CLOSED UP $7.95 TO $933.80 WHILE PALLADIUM WAS UP $18.85 TO $1073.25//13 ISRAELI HOSTAGES RELEASED//ANDREW MAGUIRE TALKS TO BILL MURPHY CEO OF GATA//DUBLIN IN A MESS TODAY AS MIGRANT STABS 5 PEOPLE INCLUDING 3 CHILDREN (5 YR OLD IN CRITICAL CONDITION)//MORE UPDATES ON THE ISRAELI HAMAS WAR//LAWLESSNESS RETURNS TO FRANCE//COVID UPDATES/VACCINE INJURIES UPDATES//DR PAUL ALEXANDER//SLAY NEWS ETC//USA DATA RELEASE: POOR PMI NUMBERS
Poland’s 50/50 gold buying: 50 tonnes bought over 3 months, but another 50 tonnes to go
by Ronan Manly, BullionStar:
Poland’s central bank, Narodowy Bank Polski (NBP), is officially the biggest central bank gold buyer in the second quarter of 2023, having accumulated a massive 48.52 tonnes of monetary gold between April, May and June of this year. This is the first time in nearly 4 years since the Polish central bank last bought gold for its reserves.
This large concentrated buying by the NBP during Q2 also puts the Polish central bank in third place globally for gold buying during the first half of 2023, behind China and Singapore.
Insider Reveals Gold-Buying Frenzy Among Elites
from Birch Gold Group:
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: A World Bank insider explains central banks’ gold buying surge; yet another all-time high for gold’s price, , and just how strange is the lack of price action in silver?
World Bank insider explains exactly why central banks are de-dollarizing with gold
The World Bank just published a very interesting report, Gold Investing Handbook for Asset Managers. The author, veteran central banker Kamol Alimukhamedov explains exactly why central banks are dedollarizing and buying record quantities of gold (for two years in a row).
