“The amount of gold transferred between accounts of London Bullion Market Association members rose sharply in May, the organization reported Friday. Total gold transfers rose by 17.2% to a daily average of 28.2 million ounces, the most in 12 years. Despite continued offloading of gold by exchange-traded funds in the Western economies, strong physical demand for gold on falling prices — particularly from India and China — led to a significant increase in demand, the LBMA said, The value of gold ounces transferred increased by 11.2% to a daily average of $39.8 billion, the highest level since August 2011.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Android nears 80 percent market share as iOS plummets
Upside-Down Economic Reporting: Higher Oil Prices Are Good.
Jim Rogers On Putin, Oil Prices, And A 26-Year-Old's Advantage
Max Keiser Breaks Down Bitcoin
How Do You Turn a Leftist into a Warmonger?
NYPD 'Hunting Of Man' T-Shirts Seen On On-Duty Officers In Queens
Thieves drain 2FA-protected bank accounts by abusing mobile networks
Bill Kristol's Empire of Death
Jeffrey Tucker: Bitcoin and E-commerce
Bank Crisis Arrives: €29B Bremen Landesbank On The Verge Of Failure
New Homeland Security Chief OK’d Drone Strikes on Americans
Soon You'll Be Able to Hijack Weaponized Police Drones in Connecticut
Saudi King Purges Billionaire Prince Bin Talal, Dozens Of Others
The Logical Conclusion of the Modern, Monetary Argument
‘Anti-Soviet Warrior Puts His Army on the Road to Peace’