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In the past we didn’t have many opportunities to discuss subject of gold miners on Metal Market Europe blog. We’d like to address this matter, as since couple years we witness strong trend on great sectoral mergers and acquisitions. Some could be even considered as tectonic in size, as relating to biggest names in industry.

Gold and silver are metals known to humankind since millennia. They accompanied us as a metals symbolising ancient deities, then as a means of value, currency, eventually becoming special class of assets known as safe haven. It is interesting how their existence influenced humankind. And how the way we treated them in the past translates to modern standards.

History of silver in the monetary system of the United States is turbulent and interesting from both historical and numismatic point of view. It is worth to outline and introduce it to our readers. Especially since at Metal Market we recently had pleasure of adding Peace Dollars, straight from the Royal Canadian Mint, to our range of products. Bullion inspired by classic, historic American design.

Ongoing correction on prices of gold may soon come to an end due to fundamental reasons, cyclicality but also because of new and old but refreshed factors, which we’ll try to describe below. One thing is certain – despite of horizontal moves many assets experienced last months – we do not have reasons to be bored.

On 24th October 2023 precious metals analyst – Mr Ronan Manly – noticed that Chinese banks directly participating in LBMA Gold Price Auctions have disappeared of the list. This has not been commented in any way by LBMA and related authorities and for now reminds under shroud of mystery. As for now, this didn’t get sufficient media coverage. Also interested counterparts didn’t release any official statement. So in attempt to understand what happened, we’ll try to examine information and attempt to set it within wider background. Analysis may contain some speculative conclusions.

This August, in Johannesburg, South Africa, BRICS was supposed to present its gold backed currency/token to be used for trade purposes. Or at least some sketch. It showed nothing - to major disappointment of some commentators. So was it nativity to expect ‘grand premiere’, or did BRICS’s project just failed because it is impossible to have gold-backed currency in modern days. Or maybe it was victim of inner-BRICS policies? And could we now finally say now, it is entirely ditched?

There are two main approaches helping to understand and determine price of assets. Narrower is microeconomics, which focuses on analysis of markets, entities, politics, government, legislation, demand/supply etc. Other is macroeconomics, which looks at economy as a whole, dealing with such aggregate phenomena as growth in total output and living standards, business cycles, inflation, unemployment etc. Right now both tell us, good times are gone.

In recent weeks, we had experience high price divergence between Shanghai Free Trading Zone (based on Comex and LBMA pricings) and Shanghai Gold Exchange having its own benchmark and serving domestic market. This peaked as high as 120 USD. So is it finally time for gold’s price de-coupling to occur in between east and west? And should be expect price charts to explode? Nope. Not really. We’re going to try explain what’s happening in our opinion, however need to clearly emphasize, that amount of misinformation and misinterpretations surrounding subject is extraordinary.

OIn recent weeks new tensions emerged, occasionally even temporarily pushing war on Ukraine off the first pages of newspapers. That is military coup d’état in Niger and risk of potential intervention aimed to restore previous government. Allegedly junta threatened to ban gold and uranium exports to France. Which was soon proven to be fake news. But we think it is worthy considering what we have just witnessed and ‘what if and if at all’ effects on precious metals markets

In the past we didn’t have many opportunities to discuss subject of gold miners on Metal Market Europe blog. We’d like to address this matter, as since couple years we witness strong trend on great sectoral mergers and acquisitions. Some could be even considered as tectonic in size, as relating to biggest names in industry.

In below series, we focus on the subject of gold in Poland, hoping to cover all gold related aspects and trying to answer important questions of who, where, when, why and how much. We aim to do that deeply, so our esteemed readers could use it as a compendium of facts for years to come. In 1st and 2nd part we focused on official reserves. In 3rd we attempted to describe polish gold deposits and mining. In concluding part of the cycle, we’ll attempt to answer uneasy question – how much gold Poles may own.

In our new series, we aim to focus on the subject of gold in Poland. We hope to cover all gold related aspects and try to answer important questions of who, where, when, why and how much.

In our new series, we aim to focus on the subject of gold in Poland. We hope to cover all gold related aspects and try to answer important questions of who, where, when, why and how much.

Mexico tightens its mining law. Process was ongoing since several years, but this time it has been backed up by legislative changes. How and if that may affect worldwide supply of silver?

Concept of a common BRICS currency and discussions about potential role of gold in, has been an idea of more or less serious considerations and speculations for last several years.

Concept of a common BRICS currency and discussions about potential role of gold in, has been an idea of more or less serious considerations and speculations for last several years.

Gold has reached and crossed briefly 2000 USD on 20th of March 2023. It was 3rd time it has passed through this psychological barrier.