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Top News In ரோனன் துணிச்சல் Today - Breaking & Trending Today

British Requests For $3 Billion In US Treasury Gold: The Trigger That Closed The Gold Window

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero ....

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Russia Lines Up New Gold Buying Through Its Sovereign Wealth Fund

by Tyler Durden
Submitted by Ronan Manly, BullionStar.com
In a significant and strategic development for monetary metals, the Government of the Russian Federation has just introduced legislation which will allow Russia’s giant National Wealth Fund (NWF) to invest in gold and other precious metals. The NWF is Russia’s de facto sovereign wealth fund, and has assets of US$185 billion.
Introduced as a resolution to the procedures for managing the investments of the National Wealth Fund and signed off by the Russian prime minister Mikhail Mishustin on Friday 21 May, the changes will allow the National Wealth Fund to buy and hold gold and other precious metals with the Russian central bank, the Bank of Russia. ....

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LBMA Misleads Silver Market With False Claims About Record Silver Stocks

The Bigger the Lie
Let’s look for a minute at the very brief retraction statement which the LBMA released on 10 May admitting to the 3300 tonne ‘error’. To recap:
“
A data submission error led to the publication of an incorrect aggregate figure for the total silver held in London vaults in March. The corrected figure is 1,143,194 Troy ounces (‘000s).
So it was ‘
a data submission error’. The question then is, a data error submitted by who? There are only 6 vault operators in the LBMA London vault network. These are JP Morgan, HSBC, Brinks, Malca Amit, ICBC Standard, and Loomis. Why does the LBMA not clarify which vault submitter submitted the claimed erroneous data? The LBMA runs a ‘Vault Managers Working Group‘ so should be intimately acquainted with the 6 heads of vault management at the respective vaults. ....

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LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears

LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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Hungarian Central Bank Boosts Gold Reserves By 3000% In Less Than 3 Years

by Tyler Durden
Submitted by Ronan Manly, BullionStar.com
The central bank of Hungary, the Magyar Nemzeti Bank (MNB), has just announced a purchase of a massive 63 tonnes of Good Delivery gold bars, and in doing so tripled the nation’s gold holdings from 31.5 tonnes to 94.5 tonnes.
In its press release about the huge transaction, published 7 April, the Hungarian central bank explains its rationale for the dramatic purchase of what is approximately 5040 large (400 oz) gold bars, highlighting that gold has no credit risk and no counterparty risk, and so reinforces sovereign trust over all economic environments (normal and extreme), while being one of the most crucial reserve assets that a central bank can hold. ....

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