LONDON, 13 August 2021 - BullionVault is quoted in today's edition of MoneyWeek, the UK's best-selling weekly personal finance magazine, as it marks the 50th anniversary of the US government cancelling what remained of the global gold standard.Read this week's "From the executive editor..." letter in today's edition, or see John Stepek's online report, also quoting BullionVault's analysis, here:Th...Read More
Friday the 13th of August 1971 wasa very important date in U.S. history. It was the date that set the table forthe beginning of the end of the USD's world reserve currency status. And,greatly expedited the road to perdition for the dollar's purchasing power.That means this past Friday was the 50-yearanniversary of President Nixon's absolute termination of the dollar's abilityto be redeemed for gol...Read More
LONDON, 8 August 2021 - BullionVault's monthly index of client buying-and-selling activity in gold features today in the Sunday Times, the UK's best-selling 'quality' weekend paper."BullionVault's investor index reached an 8-year high of 65.9 in March 2020," says the paper."Any score over 50 means there are more buyers than sellers. The score has been at least 54 every month since the pandemic beg...Read More
LONDON, 3 August 2021 - Data from BullionVault's monthly Gold Investor Index is reported today by finance professionals news-and-views site Wealth Adviser."While the number of people starting or adding to their holdings of gold - securely vaulted in each client's choice of London, New York, Singapore, Toronto or most popular Zurich - fell 35% last month from June," says the article, "it was still...Read More
LONDON, 1 August 2021 - BullionVault is named today as a simple, safe and low-cost way to buy physical gold for investment by the Mail on Sunday, the UK's best-selling 'midmarket' weekend paper."Buy gold from a company that will store it for you," says the full-page report on gold investing in today's Money Mail section."So, you own it, but never actually see or touch it. For example, with Bullion...Read More
With its negative correlation to themetals, the USDX rally weighed heavily on gold, silver and stocks. Stop and think: what would be if it continued?While the overwhelming majority ofinvestors entered 2021 with a bearish outlook for the U.S. dollar, our optimismhas proved quite prescient. The USDX bottomed at the beginning of the year.With the USD Index hitting a new 2021high last week – com...Read More
LONDON, 12 July 2021 - Finance TV channel CNBC today interviewed BullionVault's Adrian Ash for a short piece about the level of private investment demand for silver.Contrary to internet claims and theories that silver is in very short supply, "Humanity has been mining this stuff since we discovered picks and shovels," says Adrian."So there's plenty above ground [because] a little like gold, it doe...Read More
LONDON, 11 July 2021 - Data and analysis from BullionVault today appears online at Handelsblatt, Germany's financial newspaper of record.Reporting growing demand among German investors for gold-backed ETPs, and also quoting comment from Commerzbank's commodities analysts, "Precious metals supplier BullionVault reports brisk gold demand from private investors in Germany," says the newspaper.Read th...Read More
LONDON, 28 June 2021 - German weekly business news magazine WirtschaftsWoche today quotes BullionVault analysis in a 5-page report on how investors might prepare for a sustained return of inflation.Calling BullionVault "the world's largest online platform for trading in gold, silver and platinum" the magazine quotes analysis showing that gold does not track the rise or fall of inflation very stron...Read More
Here are five Fastmarkets stories you might have missed on Monday August 23 that are worth another look.Increasing costs for long-term storage at the Chinese port of Tiajnin have added to the financial burdens facing alloy smelters and trading houses this year.Tianyuan Manganese Industry Group (TMI), said to be the world's largest producer of manganese flake, has not halted production, it told Fas...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 24 that are worth another look....Read More
Domestic prices for hot-rolled coil were fairly stable in Northern Europe and Italy on Tuesday August 24 with both buyers and sellers holding back from trading activity, sources told Fastmarkets.Buyers started to return to the market this week after a slow period earlier in August, but no deals have been heard yet because the buyers wanted to assess the market trend first.They believed that the de...Read More
Aluminium's three-month price on the London Metal Exchange, backed by a constrained physical market, was just $5.50 per tonne short of its latest year-to-date high on Tuesday August 24, with nickel and zinc also climbing back above key psychological levels while most commodities and equities ticked upward.Aluminium's futures contract showed an intraday high of $2,636.50 per tonne on Tuesday, just...Read More
Hot-rolled coil (HRC) import prices to Saudi Arabia increased during the week ending Tuesday August 24; the market in the United Arab Emirates (UAE) was stable, sources told Fastmarkets.The market was slow in the UAE due to the summer season as well as to a lack of new projects, sources said.Saudi ArabiaChina offered HRC at $1,020-1,040 per tonne cfr Saudi Arabia, unchanged since last week.India o...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 24 that are worth another look....Read More
As the world's media spotlight falls on Afghanistan, Fastmarkets looks at why reported claims of incoming Chinese mining deals are unlikely to be fulfilled soon.Mes Aynak, Afghanistan's most well-known copper project, means "small copper deposit" in Pashto. Indications suggest it is anything but.The deposit holds 240 million tonnes of 2.3% grade copper ore, according to the United States Geologica...Read More
The spread between prices for 65% Fe iron ore and 62% Fe products have narrowed rapidly in recent weeks due to the former weakening at a faster pace than the latter.This has resulted in a mixed long-term outlook for high-grade fines, market sources told Fastmarkets.Narrowing spreadAs hints of the central Chinese government's intention of keeping this year's output from exceeding last year's began...Read More
Aluminium's three-month price on the London Metal Exchange, backed by a constrained physical market, was just $5.50 per tonne short of its latest year-to-date high on Tuesday August 24, with nickel and zinc also climbing back above key psychological levels while most commodities and equities ticked upward.Aluminium's futures contract showed an intraday high of $2,636.50 per tonne on Tuesday, just...Read More
Seaborne coking coal prices maintained their upward trend in the cfr China market amid continuous supply tightness on Tuesday August 24. The fob market increased amid stable buying interest, sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $386.83 per tonne, up $5.10 per tonne Hard coking coal, cfr Jingtang: $356.68 per tonne, up $3.78 per tonne Premium hard coking...Read More
Iron ore prices largely increased on Tuesday August 24 with active trading at China's ports.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $146.13 per tonne, up by $9.42 per tonne62% Fe low-alumina fines, cfr Qingdao: $147.96 per tonne, up by $10.74 per tonne58% Fe fines high-grade premium, cfr Qingdao: $113.91 per tonne, up by $7.27 per tonne65% Fe Brazil-origin fines, cfr Qingdao: $166.1...Read More