t transpired last week that of the 43-odd tonnes per annum the Bundesbank expects to be returned from the New York Fed only 5 tonnes arrived in 2013.
By December, the most recent month for which statistics are available, the US dollar Fiat Money Quantity (FMQ) had grown to $12.48 trillion.
GoldMoney Business Analyst Maike Ahlstrom has become a member of FGI Training’s Elite club, after she was awarded 100% in her recent Information Technology Infrastructure Library (ITIL) exams.
A number of readers and bloggers have recently suggested there must be collusion between America and China over the transfer of physical gold from Western capital markets.
Before looking at the year ahead, it is useful to look back at the year just passed. This adage is particularly true now because little has changed.
Something’s afoot in gold and silver…
The GoldMoney group launches a new digital currency-focused company in the UK. Netagio Limited (Netagio) will be offering Europe’s first free ‘cold’ storage service for digital currencies, such as Bitcoins.
Gold and silver prices fell from early highs this week of over $1240 and $20.20 respectively to find good support at $1220 and $19.40.
It has been a difficult week for the precious markets as gold dropped by 3.2% and silver by 3.9% which means that gold and silver are now back to price levels last seen in July and August respectively.
This has been a quieter week for trading activity by GoldMoney customers compared with the previous 2 weeks although still above average 3 month trading levels.