Guaido’s Team Told To Comply With UK Court Order In Gold Litigation November 22, 2020 Guaido’s Team Told To Comply With UK Court Order In Gold Litigation2020-11-222020-11-22https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/11/guaido-e1606052849560.jpg200px200px Above photo: Patrick Semansky/AP. The UK judge presiding over the case of the Venezuelan gold in the Bank of England urged the legal team representing Venezuela’s self-proclaimed president Juan Guaido to find “better excuses” for its failure to comply with a UK court order to pay for the legal costs of the appeal it lost in October. This is according to a statement by Venezuela Central Bank (BCV) lawyers, which was obtained by Sputnik. […]
Gold
According to analyst Lyn Alden, the answer depends on bitcoin’s own cycle. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS. Subscribe to Blockchain Bites, our daily update with the latest stories. Subscribe By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today on Long Reads Sunday, a reading of Lyn Alden’s piece for CoinDesk: “Bitcoin Correlations Depend on What Phase It Is In” In it, Lyn argues that bitcoin’s correlation patterns are, in part, reliant on where […]
🚨 Alerts – Treason by CIA, FBI, MI-6 — Brennan, Haspel, Comey 👇👇📧 𝗚𝗲𝘁 𝗙𝗥𝗘𝗘 𝗘𝗺𝗮𝗶𝗹 𝗔𝗹𝗲𝗿𝘁𝘀 & 𝗨𝗽𝗱𝗮𝘁𝗲𝘀 𝗮𝘁 https://bit.ly/3gKjVPR🤝 𝗛𝗲𝗹𝗽 #𝗨𝗡𝗥𝗜𝗚 𝘁𝗵𝗲 𝗦𝘆𝘀𝘁𝗲𝗺 𝗮𝘁 https://TheSteeleReport.com💥 𝟱𝗚 𝗗𝗮𝗻𝗴𝗲𝗿 & 𝗘𝗠𝗙 𝗽𝗹𝗮𝘆𝗹𝗶𝘀𝘁 𝗮𝘁 https://bit.ly/34schWS 𝗔𝗯𝗼𝘂𝘁 𝗧𝗵𝗶𝘀 𝗩𝗶𝗱𝗲𝗼 Robert David Steele, former CIA spy and co-founder of the Marine Corps Intelligence Activity, reflects on contradictory stories breaking about John Brennan, and John Brennan’s history warranting his indictment for treason. KINDLE: https://www.amazon.com/exec/obidos/ASIN/B07FZDTQDZ/ossnet-20PRINT: https://www.amazon.com/exec/obidos/ASIN/1719975299/ossnet-20FREE: https://tinyurl.com/911-POTUS https://www.zerohedge.com/political/dni-declassifies-brennan-notes-briefed-obama-intelligence-hillary-clinton-concocted-trump https://www.npr.org/2020/10/06/920674118/former-spy-chief-brennan-looks-back-at-sept-11-and-ahead-to-presidential-electio https://phibetaiota.net/?s=Brennan FINALE: THE DEEP STATE’S HILLARY CLINTON BRIBERY-BLACKMAIL STING & THE MARIA BUTINA RAPE-MURDER GAMBIT https://ancreport.com [donate $50 to get copy of Epstein Red Mafiya Crime Network […]
Venezuelan National Constituent Assembly member María Alejandra Díaz called the court victory a step forward, but feared the British government Bank of England would use stalling tactics to avoid transferring the 31 tons of bullion to the UN Development Programme to buy humanitarian aid for South American country. British solidarity campaigners have hailed the reversal of a High Court ruling that handed £1 billion in Venezuelan gold reserves to an opposition leader. On Monday the Court of Appeal overturned Justice Nigel Teare’s July 2 judgement granting control over the 31 tonnes of gold belonging to state oil company PDVSA to Juan […]
New data from the International Monetary Fund (IMF) show that the process of the shift away from the dollar standard resumed in the second quarter of the year, with the share of the US currency in global reserves falling sharply. According to the IMF, while the greenback’s share increased in the first quarter of 2020 due to safe-haven buying during the early stages of coronavirus, it resumed a more than two-year trend downward in Q2. The share of euros making up global reserves rose slightly and the share of the Japanese yen dropped. Data also showed that the second quarter saw the […]
UK Court Rules Favorably For Returning Venezuela’s Gold October 5, 2020 UK Court Rules Favorably For Returning Venezuela’s Gold2020-10-052020-10-05https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/10/gold-e1601929312750.jpg200px200px Above photo: Protestors demonstrate in February 2019 following a decision by the Bank of England to freeze assets held by Venezuela. Yahoo. London – A tug-of-war over $1 billion worth of Venezuelan gold stored at the Bank of England took a new turn on Monday as the English Court of Appeal overturned an earlier High Court ruling on who the UK recognised as Venezuela’s president. The Court of Appeal granted the Nicolas Maduro-backed Banco Central de Venezuela’s (BCV) appeal and set aside […]
A Caribbean-based firm is in hot water with the CFTC for allegedly allowing U.S. retail investors to partake in leveraged trading of cryptocurrencies and precious metals. Source link
When former White House chief strategist Steve Bannon’s nonprofit sought to restore an American golden age, it turned to a company with connections to a consortium that allegedly strip-mined the retirement accounts of elderly conservatives, The Daily Beast has discovered. Bannon’s “economic nationalist” group Citizens of the American Republic hired the Wyoming-based firm Platinum Advertising Corporation in 2018 to handle its “websites/social media,” Internal Revenue Service records show. A tangle of corporate and legal documents ties Platinum Advertising to TMTE Inc.—a precious metal dealer accused on Friday of fraudulently extracting $185 million from senior citizens by selling them overpriced bullion. The […]
LONDON (Sputnik) – Juan Guaido’s legal team argued on Wednesday before the UK Court of Appeals that the self-proclaimed president of Venezuela has the right to claim the Venezuelan gold reserves held in the Bank of England following his recognition by the UK government. “What M. Guaido wants from this court is to examine a clear statement of recognition”, lawyer Andrew Fulton said during the presentation of his submissions to the London court hearing an appeal filed by the board of the Venezuelan Central Bank (BCV) appointed by Venezuela’s constitutional President Nicolas Maduro. The lawyers representing Maduro are appealing a verdict […]
Investments in precious metals by Russian banks increased in August, reaching almost $7.4 billion (568 billion rubles), data released by the country’s central bank (CBR) showed. In terms of gold, reserves have amounted to a record 121 tons, which is 10.9 percent higher than the maximum reached in October 2019. According to Maxim Osadchiy, an analyst at BKF Bank, last month, Russian banks increased their bullion reserves by 23.3 tons. He told RBC Daily that this was the most noticeable increase on the balance sheets of Russian banks for the entire period of statistics disclosure. Also on rt.com Russia continues stockpiling […]
It’s pretty much guaranteed at this point that higher inflation is coming. The Federal Reserve, which has already printed about $3 trillion of new money this year, is now explicitly devoted to reducing the dollar’s purchasing power in a bid to revive the economy. Higher inflation also typically happens when a country gets laden with debt and interest rates are cut to zero, as is now the case in the U.S. “We’re at a moment where you may see some inflation,” Federal Reserve Bank of St. Louis President James Bullard said last week. The trend could be good for bitcoin, which many crypto investors believe […]
Robert David Steele is the conceptualizer of integrated election reform (#UNRIG) and the integration of holistic analytics, true cost economics, and Open Source Everything Engineering (OSEE) such that we can achieve a prosperous world at peace at 10-20% the cost of the failed Western economic model burdened by banks and lawyers. A former US spy and co-founder of the Marine Corps Intelligence Activity, he is today the Chief Enabling Officer (CeO) of Earth Intelligence Network, a 501c3 and now also CeO of Open Source Everything (OSE Inc.). He continues his education with non-fiction reading, posting over 2,000 reviews across 98 categories; […]
https://cdn1.img.sputniknews.com/img/07e4/09/0b/1080434868_0:0:3072:1729_1200x675_80_0_0_af84b26b79452e5d54a69656b53ad8a8.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Daria Bedenko. Sputnik International https://sputniknews.com/africa/202009111080434818-gold-mine-collapse-in-congos-kamituga-kills-at-least-50-report-says/ Accidents on artisanal gold mines are frequently reported in the Democratic Republic of Congo. While the country enjoys natural richness in oil, minerals, timber, diamonds and other resources, the safety standards on artisanal mines are poor. Source link
The COVID pandemic has sparked a surge in gold buying, and some analysts suggest that it still has plenty of upside potential. The current year is proving to be an annus mirabilis for gold investors, with the yellow metal running riot. Gold prices are currently trading at $1,933 per ounce, not far from their historical high of $2,075 that they reached a month ago. That is good for a 26.5 percent gain year-to-date and 30.9 percent since their 52-week low in March, compared to a 6.3 percent YTD gain by the S&P 500. The torrid rally represents the sharpest gain the […]
[ Editor’s Note: Danilov makes the solid case below on Afghanistan being a lost cause as there is neither the will to make peace or allow that other side to gain a stronger position as they will then try to crush the other side. As long as outside forces will supply arms and ammunition the war may go on forever. Our military will bear a big part of the blame for not have explained that to the politicians. But winning is not always the game with them in losing can be done in a long and profitable way, which it has […]
Sputnik (New Delhi): To maintain stability, India’s banking regulator, the Reserve Bank of India (RBI), has pumped an additional $127 billion into the financial market as a result of the ongoing COVID-19 pandemic. At present, the RBI has foreign exchange reserves said to be worth an estimated $538 billion. When the Board of India’s apex bank, RBI, met earlier this month, it had a prominent agenda, even though officially the meeting was convened to approve a dividend of $7.6 billion to the Indian government. The board discussed a phenomenal rise in the foreign exchange reserves held by banking regulator Reserve Bank […]
According to estimates by the economic research agency Fitch Solutions, the future looks particularly bright for Russia’s gold reserves, which may see the country soon lead the rating of the top producers of the precious metal. Russia is likely to step up its gold production in the next couple of years amid increasing risks of more US sanctions that could push the Russian Central Bank to boost the existing precious metal reserves, as follows from a Fitch Solutions report cited by CNBC. The potential economic restrictions will “paradoxically” support the gold market in the country, the report said. “The rising risk […]
Bitcoin and gold are reversing losses seen on Thursday after the Federal Reserve’s announcement of a more relaxed approach to tackling inflation. Source link
Donald Trump Jr. posted this photo of himself on Facebook in 2014. He tweeted his opposition to Alaska’s Pebble Mine this month, noting its potential harm to the salmon fishery. via Facebook hide caption toggle caption via Facebook Donald Trump Jr. posted this photo of himself on Facebook in 2014. He tweeted his opposition to Alaska’s Pebble Mine this month, noting its potential harm to the salmon fishery. via Facebook After a pressure campaign by people with President Trump’s ear, the Army Corps of Engineers says a proposed open-pit gold mine upstream from Alaska’s most valuable salmon fishery can’t proceed as […]
After a Winklevoss encounter highlights Elon Musk’s space mining dreams, maybe we should remind ourselves of the right-here-at-home benefits bitcoin brings. Earlier this week, the Winklevoss brothers introduced Barstool Sports founder Dave Portnoy to bitcoin. One of the notable parts of the recap video was a discussion of how Elon Musk was set to destroy the value of gold on Earth by mining gold from asteroids. While much meme fun was had, on this week’s Long Reads Sunday NLW has chosen a selection that looks at how fiat beat out gold and how gold beat out silver to provide some – ahem […]
Bitcoin’s recent price rally has shifted to a sideways meander, possibly taking cues from gold’s drop from record highs. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/art_living/202008101080120463-vip-protection-israeli-jeweller-works-on-15-mln-gold-diamond-encrusted-face-mask/ According to a designer, this will be an 18-karat white gold mask decorated with 3,600 diamonds and fitted with top-rated N99 filters. An Israeli jewellery company has been working on what it says will be the world’s most expensive coronavirus mask, Haaretz reported. The mask will be made of gold and will have more than 3,500 white and black diamonds encrusted in it. Its price is estimated at $1.5 million. The weight of such a luxurious face covering will be 270 grams, which is about 100 times that of an ordinary surgical mask. REAL […]
Publicly traded business intelligence company MicroStrategy said it will invest $250 million of its excess cash in bitcoin, gold and other “alternative assets” over the next 12 months as a hedge against U.S. dollar (USD) inflation. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Bitcoin is again acting like a macro asset, drawing bids amid record rally in gold and broad-based U.S. dollar sell-off. Source link
Gold continued its rally amid global pandemic uncertainty, with prices hitting new records to start the week. The price of metal for immediate delivery closed in on $2,000 an ounce. Spot gold rose as much as 0.6 percent on Monday to $1,988.40 an ounce, while most-active futures traded as high as $2,009.50 on the Comex. Bullion had its biggest monthly gain since 2012, soaring 11 percent in June as investors weighed a weaker dollar and record-low US real yields. “The fall in US 10-year real yields was the most important driver in our view, given the strong inverse relationship,” said Vivek […]
New Delhi (Sputnik): Last month, 30 kgs of gold, worth $2 million (INR 150 million) was seized from a diplomatic cargo addressed to a person in the UAE’s Consulate-General by customs officials at Thiruvananthapuram Airport in Kerala. India’s anti-terror probe body, the National Investigation Agency (NIA) has arrested six people in connection with a diplomatic gold smuggling case in Kerala, a senior official said on Sunday. The number of people arrested in the case now stands at 10. The NIA has also conducted a series of searches at six places connected with the case, including the home addresses of the people arrested. “Earlier […]
Frontline doctors from across the US held a “White Coat Summit” on Monday in Washington DC to dispel the misinformation and myths surrounding the coronavirus. The doctors are very concerned with the disinformation campaign being played out in the far left American media today. From their website: “If Americans continue to let so-called experts and media personalities make their decisions, the great American experiment of a Constitutional Republic with Representative Democracy, will cease.” Dr. Simone Gold, a board certified emergency physician, spoke this week at the White Coat Summit. After over 18 million views of their conference on Monday Google, YouTube […]
The dollar on Thursday dropped to its lowest level since May 2018 as the Federal Reserve said it plans to keep interest rates close to zero, and inflation hedges continue to show strength. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Max Keiser and Stacy Herbert discuss the US Federal Reserve’s endless money printing, particularly during the coronavirus pandemic. They look at historical gold, dollar and Fed Funds rate charts to see if they can find answers. “All of the cash that has been printed has been hoarded by the bankers to keep their balance sheets solvent by filling up the tank, even though the tank has a massive leak,” Max says, adding that the “leak goes magically into the pockets of just a few of their friends; it’s what we call financial apartheid.” He explains that the process is continuing unabated […]
The price of gold hit a new all-time high this week on growing investor appetite for safe-haven assets. Experts project the epic run to continue, with gold to pass new milestone highs. The commodity’s price surged to over $1,940 per ounce on Monday (surpassing a peak touched in September 2011) amid worries over the Covid-19 pandemic and tensions between the United States and China. It was trading at $1,954.30 as of 12:50pm GMT on Tuesday. “What is really significant is how quickly it went through that $1,923, which was the previous high. The other thing which was … very, very important […]
The price of gold reached a new all-time intraday high of $1,942 Monday, extending a rally that started in 2019. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Bitcoin has at last broken convincingly above the all-important $10,000 mark, but why has it struggled so much in recent months when gold has soared to an all-time high? Earlier this year, digital-asset investors were aflutter over the trillions of dollars of central-bank money injections in response to the coronavirus-induced global recession. The bet was that the flood of liquidity would eventually lead to inflation, in turn driving up prices for both gold, historically seen as a hedge against currency debasement, and bitcoin, sometimes referred to as “digital gold” or “Gold 2.0” due to its scarce supply. You’re reading First Mover, CoinDesk’s […]
As bitcoin closes in on $9,600, gold surpasses $1,900 and DeFi liquidity steadily grows. Bitcoin (BTC) trading around $9,592 as of 20:00 UTC (4 p.m. EDT). Slipping 0.03% over the previous 24 hours. Bitcoin’s 24-hour range: $9,475-$9,601 BTC above 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since July 22.Source: TradingView Gold is on the brink of an all-time high, up 0.80% Friday, at $1,901 per ounce. Sweden-based over-the-counter bitcoin trader Henrik Kugelberg sees gold nearing its all-time high as a positive for the world’s oldest cryptocurrency. “Bitcoin will pass $20,000 in a surge. […]
As the world grapples with Covid-19, precious metals’ prices are pushing higher. Massive moves in gold and silver are coming, according to veteran stockbroker Peter Schiff. He says silver may hit $50 per ounce. The rally will be short-lived, however, with Schiff describing the metal as “the new bitcoin.” The rise in gold and silver price is “about to explode” and this is just the beginning of a much bigger move, according to Schiff. “We’re barely getting started,” the CEO of Euro Pacific said in his podcast. He explained that is also coinciding with what’s happening to the US dollar, because […]
The price of gold has been rallying in recent weeks, having smashed a decade high of $1,800 this month. Analysts at Citigroup say bullish factors building in the gold market are pushing for another record. According to the analysts, the metal is benefiting from loose monetary policy, low real yields, record inflows into exchange-traded funds and increased asset allocation. They expect the precious metal to climb to an all-time high in the next six to nine months, with a 30 percent probability it’ll top $2,000 an ounce in the next three to five months. “Nominal gold prices have already posted fresh […]
New Delhi (Sputnik): India’s apex probe agency had recently arrested a former employee of a foreign diplomatic mission and her accomplices for smuggling 30 kilograms of gold through diplomatic channels. The state government of Kerala has also suspended a senior officer for his allegedly helping the arrested woman. India’s Customs authorities, who are responsible for assessing duties and taxes at the country’s ports of entry, have stepped up anti-smuggling activities, after the arrest of three persons in Kerala for allegedly smuggling 30 kilograms of gold through diplomatic channels. An internal note by Indian Customs has asked its preventive teams deployed at airports […]
Metal prices, including gold and copper, have been rallying during the Covid-19 pandemic. Gold has gained over 15 percent since March, while Industrial metal copper has surged 35 percent over the last four months. RT’s Boom Bust is joined by CEO of Euro Pacific Capital Peter Schiff, who projects that all the metals will be driven much higher by inflation. The veteran stockbroker says he is “bullish on copper,” adding that for different reasons he is also bullish on gold, which is used in industry too – though not as widely as copper. The factor driving gold prices higher is that […]
New Delhi (Sputnik): On 5 July, customs officials seized 30 kg of gold, valued at $2 million (INR 150 million), at Thiruvananthapuram Airport in India’s Kerala state from a diplomatic cargo that was addressed to a person in the UAE’s Consulate-General. A special National Investigation Agency (NIA) court in India has taken the two main accused in the Kerala diplomatic gold smuggling case into the agency’s custody for eight days. During the hearing, the anti-terror probe agency informed the special court that the two accused – Swapna Suresh and Sandeep Nair – had forged the seal and emblem of the UAE […]
The country’s total foreign holdings are now above the $500 billion target set by the Central Bank of Russia a few years ago. Russia’s gold and foreign currency holdings climbed to almost $569 billion as of 1 July, according to the latest estimates provided by the country’s central bank. They also suggest that the international funds increased by $2.7 billion, around 0.5 percent, compared to the previous month, having risen by more than $50 billion since July 2019. Highly liquid foreign assets like stocks of monetary gold, foreign currencies, and Special Drawing Right (SDR) assets, which are at the Central Bank […]
While European shares opened lower amid a soaring COVID-19 caseload and failing hopes of for a swift global economic rebound, gold continued its surge, rapidly approaching its September 2011 all-time high. Against a backdrop of surging COVID-19 cases worldwide and economic uncertainties triggered by the health crisis threatening to send consumer spending plummeting and wipe out job gains, gold soared to $1,800 an ounce on 8 July. By 0854 GMT, the price of spot gold had risen by 0.3 percent to $1,799.22 per ounce after briefly hitting its highest since November 2011, at $1,800.18, earlier in the session. US gold futures […]
Bitcoin showed its luster during the first half of 2020 by rallying more than 27% percent amid mediocre returns from precious metals including gold, silver and platinum. Gold underperformed bitcoin by nearly 11 percentage points despite gaining 16 percent in the first half of 2020 and making eight-year highs in late June. Silver and platinum both finished the first half of 2020 with negative gains. Bitcoin’s strong performance is no shock to some analysts, especially in context of the benchmark cryptocurrency’s increasing correlation with equity markets. “Given that equities are now near, or in some cases above, their highs reached in […]
UK Decision On Venezuelan Gold Condemned: ‘It’s Daylight Robbery!’ July 4, 2020 UK Decision On Venezuelan Gold Condemned: ‘It’s Daylight Robbery!’2020-07-042020-07-04https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2019/02/hands-off-venezuela-protet-ny-ny-2-23-19-1-e1551045662483.jpeg200px200px We condemn without reservation the outrageous decision of the UK High Court to deny Venezuela access to 31 tonnes of gold deposited at the Bank of England. This decision can only be described as daylight robbery and an act of piracy. The UK High Court ruling on 3 July stated that the UK government “unequivocally recognized opposition leader Juan Guaidó as president,” and therefore the gold deposited in the Bank of England should not be handed over to the Venezuelan […]
UK Denies Venezuela Access To Its Gold For Food And Medicine July 3, 2020 UK Denies Venezuela Access To Its Gold For Food And Medicine2020-07-032020-07-03https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/the-high-court-in-london-britain-july-2-2020.-photo-efe-e1593785976718.jpg200px200px Above photo: The High Court in London, Britain, July 2, 2020. EFE. On May 14, the Central Bank of Venezuela sued the Bank of England to obtain its gold bars. The United Kingdom’s High Court Thursday decided that opposition lawmaker Juan Guaido can access 31 tons of Venezuelan gold held in the Bank of England, which prevents President Nicolas Maduro’s administration from using those resources to fight the pandemic. The ruling about this monetary reserve valued at over US $ 1 […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Tim Korso. Sputnik International https://sputniknews.com/latam/202007021079774500-uk-unequivocally-recognises-guaido-as-president-of-venezuela-in-legal-battle-for-gold—reports/ Caracas earlier filed a claim in a London court to force the Bank of England to transfer some $1.13 billion worth of its gold stored there for safekeeping before relations between Venezuela and the West deteriorated two years ago. The UK High Court has unequivocally recognised top Venezuelan opposition figure Juan Guaido as the president of the Latin American state in a case filed against the Bank of England regarding its handling of Caracas’ gold reserves, PA Media reported. Guaido proclaimed himself interim president of Venezuela in January 2019, with the claim receiving […]
Gunnar Jaerv is COO of First Digital Trust, a Hong Kong-based financial institution developing of tokenized asset custody solutions. In the last couple of years, traditional financial institutions and regulators have started to embrace digital assets. Asset tokenization – declaring ownership rights to an asset in digital form – is opening up new market opportunities, channels of investments and consequently, new streams of capital for global businesses and markets. Some estimates show that more than $544 trillion worth of assets could become tokenized in the future, and nations with progressive regulators will be the first to access its potential. There’s been […]
Bitcoin is reporting moderate gains on Monday as gold, a safe haven asset, rallies amid renewed coronavirus concerns. At press time, the cryptocurrency is priced around $9,430 – up 1.5% on the day – having put in lows near $9,260 during the Asian hours, according to CoinDesk’s Bitcoin Price Index. Gold, however, printed a one-month high of $1,759 per ounce early on Monday and was last seen trading near $1,750. The precious metal looks to be rising as the markets return their focus to the coronavirus pandemic, with the number of new cases rising at a faster pace in Germany, the […]
The World Health Organisation (WHO) on 21 June reported the largest single-day increase in COVID-19 cases since the start of the pandemic, with over 183,000 new infections registered in the previous 24 hours, sparking market concerns and diminishing hopes for a swift global economic rebound. Markets on Monday responded to news of a surge in COVID-19 cases announced by the World Health Organisation, with gold prices on an upswing, reaching their June peak, Reuters reports. The spot price for gold was up 0.7 percent to $1,754.74 per ounce by 2:25 a.m. GMT. The precious metal’s value hit its highest point since 18 […]
Gold output in Russia continued to grow, surging by 9.6 percent from January to February compared with the same period of last year, said the country’s Ministry of Finance. The volume of bullion production amounted to 39.71 tons against the 36.3 tons in 2019. Production for the period included 31.75 tons of mined gold, the ministry reported. Accompanying mining rose to 2.85 tons, while secondary mining was slightly down to 5.11 tons. Statistics showed that production of mined silver has also increased during the period to 142.30 tons year-on-year. Also on rt.com ‘Smart countries accumulating gold’ ahead of US dollar collapse […]
Fitch Solutions has projected that Russia will grow its gold output and reserves in light of expanding US sanctions. That will lead to Russian gold production growth overtaking that of China by 2029. “The rising risk of Russian state banks being frozen out of dealing in dollar-denominated assets all together as bilateral relations remain strained is pushing the Russian central bank to increase its holdings of gold. As long as tensions with the US remain, domestic demand for gold is set to remain,” said the report. According to Fitch, Russia’s gold production will rise from 11.3-million ounces in 2020 to 15.5-million […]
Russian Olympic gold medalist figure skater Yulia Lipnistkaya has confirmed her pregnancy, regretting that she hadn’t broke the news herself and in a “calm manner” after widespread press reports. The former skater, who shot to fame at the 2014 Olympics in Sochi with her stunning routine to Schindler’s List music, said that she and partner Vladimir Tarasenko are expecting their first kid. READ MORE: ‘Russian skating coaches are strict, but that’s how you create champs’: British-born Tiffani Zagorski on competing for Russia Lipnitskaya planned to announce the news on one of Russia’s federal channels, but rumors around her pregnancy leaked to the […]
As the coronavirus pandemic spreads throughout Venezuela, the Latin American nation is looking to access gold reserves which are being held by the UK’s central bank. Due to Westminister not recognising the government of Venezuela as legitimate, the country’s legal representatives are looking to justify their claim to its national assets. The Bank of England (BoE) has been accused of “putting lives at risk” after denying a request from Venezuela to release more than £800m from the South American country’s gold reserves currently withheld by the UK. Legal representatives of the Central Bank of Venezuela (CBV) have claimed that the BoE is holding the nation’s […]
The gap between New York gold futures and London spot gold price has soared more than 40 times this spring, forcing traders to move some positions from US contracts to the UK over-the-counter market. London has temporarily overtaken New York as the global centre for gold trading because of unprecedented disruptions in the gold market, Bloomberg reports. Ruth Crowell, CEO of the London Bullion Market Association which represents the global over-the-counter (OTC) bullion market, said that the amount of gold traded in London surpassed the US futures in recent months. It is understood that volumes of swaps and forwards, which are […]
Bitcoin has has long been feted as a new form of money, a two-finger salute to the establishment, even as a digital equivalent to gold, but it’s not often prized for its stability. That could change with the introduction of a new futures contract. Crypto exchange BTSE has taken the unorthodox decision to price tether gold futures contracts in bitcoin, rather than in the more conventional U.S. dollar. Here’s how it works: It’s a perpetual contract – a future without expiry – that tracks the value of one tether gold (XAUT) token, which itself tracks the value of one troy ounce […]
Masked looters have been caught on tape stealing as much jewelry as they can carry from a Los Angeles store, as protests sparked by the killing of unarmed black man George Floyd grip the Californian city. Eyewitness footage captured people breaking into the shop after its security shutters were bludgeoned open through brute force on Friday night. Inside the ransacked store, raiders could be seen snatching precious metals from display units and emptying drawers in search of more jewels. Looters could be seen emerging from the ransacked business with fistfuls of gold chains and improvised knapsacks stuffed with valuables. The pilferers […]
The price of gold exchange-traded funds (ETFs) steadied on Tuesday at the equivalent of $1,733 per ounce after retreating on the news of a potential coronavirus vaccine by drug maker Moderna. Gold ETFs are not equal to physical gold, as they are simply securities backed by the commodity designed to track the gold price. Gold bullion, which hit an eight-year high just before the news, lost $40 per ounce for US dollar traders by the start of Tuesday’s London trade. It has also dropped over two percent from new all-time highs in British pound and euro currency terms. “Gold sold off […]
Bitcoin’s attempt to scale the psychological resistance of $10,000 looks to have stalled again, even as gold soars to new highs. The top cryptocurrency by market value is currently trading around $9,630 at time of writing, representing an over 145% gain on the low of $3,867 registered March 12, according to CoinDesk’s Bitcoin Price Index. However, the cryptocurrency faced rejection near $10,000 early Monday – its third failure to cross info five figures since May 1 – and printed a low of $9,450 during European trading hours. The drop put prices down over 0.5% on the day. Meanwhile, gold, a safe haven […]
Business 13:14 GMT 11.05.2020Get short URL Gold smuggling is a lucrative criminal enterprise throughout Asia and around the world, given the plentiful supply of investors ready to pay top dollar to find a recognized store of value that’s an attractive alternative to the greenback. 16 suspects have been arrested in the southeastern Chinese coastal province of Fujian in connection with a major suspected gold smuggling operation, Xinhua has reported, citing local customs authorities. The suspects are accused of illegally smuggling roughly three tonnes of gold and gold-related products out of the country in an elaborate plot which took place over the […]
Bitcoin looks to have decoupled from traditional markets as investors refocus on the network’s imminent mining reward halving. While the top cryptocurrency by market value has gained nearly 5.9% so far this month, gold, a haven asset, has declined by 1%. Meanwhile, as of Wednesday, the S&P 500, Wall Street’s equity index, was down 2.2% on a month-to-date basis, according to data source Skew. Bitcoin is also the best performing asset of 2020 to date, with a 28% year-to-date gain. Oil (WTI) is down 66% – flashing red due to the massive destruction of demand brought on by the coronavirus pandemic. […]
With less than a week to go before the expected May 12 halving event, bitcoin’s price is swinging upward. The crypto derivatives market is helping to hedge the uncertainty on which way the bitcoin market will go when miners have less revenue after the halving. In early trading at 00:00 UTC, the world’s oldest cryptocurrency was around $8,957 before jumping as high as $9,399 at 13:00 UTC (9 a.m. EDT) on spot exchanges including Coinbase. It was changing hands at a price above its 10-day and 50-day technical indicator moving averages, signaling bullish sentiment Wednesday. At press time bitcoin (BTC) was […]