Dutch pension fund invests millions in gold

The pension fund of chemical company DSM has bought several hundred million euros worth of gold in recent months. According to PensioenPro, the fund now holds 5% of its assets in physical gold, which is stored with a financial institution in Switzerland. According to the pension fund, the precious metal provides more diversification. It can also contribute to higher returns, because it lowers the risk of the total investment portfolio.

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Sander Boon: ‘Central bankers have to lie to the people’

Central bankers basically have to lie to the people about their role and their actions and why they do it. They are trying to keep a system alive that is not functioning anymore. It is one big moral hazard, according to political scientist Sander Boon. In a new GoldRepublic podcast, he explains how central banks lost control over international monetary system based on the eurodollar market.

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Switzerland exported tons of gold to the US in July

Also in July, Switzerland has exported tons of gold to the United States. Swiss customs figures show that in total 102.6 tons of gold went abroad of which more than 63 tons was shipped to the United States. This year the US market continues to dominate gold shipments from Switzerland, a role which in recent years had been reserved for countries like India and China.

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GLD continues sourcing gold at Bank of England

Investors are buying gold on an unprecedented scale this year, as a record amount of gold went to ETF’s in the first half of the year. Worldwide, these funds added a total of 734 tons of gold to their stocks in order to meet demand. Demand was so high that the Bank of England had to come to the rescue once again. Also in the second quarter, the largest gold ETF in the world appealed to the central bank in order to obtain sufficient precious metal.

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Geopolitics of the European Corona emergency fund

Although the emergency package is only a first step towards a permanent transfer union, there is more than meets the eye. The package may also cause geopolitical relations in the world to shift. It can give substance to European geopolitical ambitions. To clarify this, we have to pay attention to the changing financial and political role of the United States in the world.

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Dr. Zijlstra’s Final Settlement: Gold as the Monetary Cosmos’ Sun

Whenever I am in Amsterdam, I go to a bookstore and browse the second-hand shelves in the economics section. Recently I found two books by Dr. Jelle Zijlstra: “Dr. Jelle Zijlstra, Conversations and Writings” (1979, second edition) and “Per Slot Van Rekening” (1992, fifth edition). The latter title is a Dutch figure of speech that may be translated as “The Final Settlement.”

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Gold keeps flowing from Switzerland to the US

Switzerland keeps exporting large quantities of gold to the United States, according to Swiss customs data. In May and June large quantities of gold were shipped to the other side of the Atlantic, where the demand for the precious metal is still very high. Switzerland exported 126 tons of gold to the US in May. A month later it was 68 tonnes. As a result, the United States are by far the most important export destination for the precious metal in recent months.

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Trias Pecuniae: A summary

The perspective of a trias pecuniae is about applying Montesquieu’s trias politica to all wealth. A tripartite division of wealth powers consists of the fiscal power, the monetary power and the credit power and they are found with governments, central banks and all houses of credit. By removing future income from the equation of eligible collateral, a tripartite division of wealth powers can be balanced in that all arrangements of credit necessarily become self-liquidating.

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Bank of England lending gold to GLD again?

A run on gold caused tightness in the physical gold market in the first quarter of this year. Due to the coronavirus, many planes are on the ground, which makes it more difficult to get physical precious metal to the right place in time. In recent months, these logistical problems have led to longer delivery times and disrupted the pricing of gold in New York.

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