Jan Gold
Jan Nieuwenhuijs

https://thegoldobserver.substack.com/

Gold Analyst. I write stuff about gold, economics, and financial markets.

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npub1w96qn2s9kwue99u2uspce2ytdg0560sgkku3m7j5dg828maeaxwqec2qj7

NIP-57 Address

jangold@zbd.gg

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nprofile1qqs8zaqf4gzm8wvjj79wgquv4z9k586d8cyttwgalf2x5r4ra7u7n8qnwk2ff

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npub1w96qn2s9kwue99u2uspce2ytdg0560sgkku3m7j5dg828maeaxwqec2qj7

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Last Notes

2024-10-05 18:39:41

How France Secretly Repatriated All Its Gold Before Nixon's Dollar Devaluation
President de Gaulle of France initiated the secret operation “Vide-Gousset” and repatriated 3,313 tonnes of gold reserves from the vaults of the Federal Reserve in New York and the Bank of England in London from 1963 until 1966. De Gaulle feared America’s deficit in its balance of payments would rupture Bretton Woods and lead to a devaluation of the dollar against gold.
All France’s dollars were converted into gold and to avoid treachery the metal was repatriated over the course of three years. It took 44 boat trips and 129 flights to bring home more than three thousand tonnes of gold to the Banque de France in Paris.
France’s decision turned out extremely well. As was foreseen by the French, the price of gold in dollars increased sharply, from $35 to $800 dollars an ounce from 1968 until 1980—the dollar lost 96% of its value against gold. Countries that held on to their dollars were less fortunate.
More recently, after the Great Financial Crisis, the Banque de France repatriated 211 tonnes, upgraded all its bars to current wholesale standards, overhauled its vaults, revived Paris as a trading hub for institutional investors, and history repeats itself as we are in a gold bull market presently.
Full article: https://www.moneymetals.com/news/2024/10/05/why-france-repatriated-3313-tonnes-from-new-york-and-london-in-the-1960s-003516 https://image.nostr.build/2a3faa6701e3a06b46f510afd8d0866519c0296245e39c77137e6668a1b3eb64.jpg

2024-08-01 14:58:51

PBoC Gold Conduit Revealed—Chinese Central Bank Did Not Stop Buying Gold in May
This article is an analysis of how the Chinese central bank (PBoC) buys gold in London from Western bullion banks. Because the bullion banks take care of the gold transport for the PBoC, the shipments from London to Beijing are disclosed in UK customs data. The customs data reveals that the PBoC continued to buy gold in May—when it communicated to the market it discontinued buying—at a rate of 53 tonnes. The PBoC stated it stopped buying to dampen the gold price so it could acquire more gold.
https://www.thegoldobserver.com/p/pboc-gold-conduit-revealedchinese

2024-07-09 22:24:15

Swaps, Leases, and Forwards—A Deep Dive into the Gold Wholesale Market
To gain a comprehensive understanding of the mechanics of the gold wholesale market, it's essential to be familiar with its key building blocks: swaps, leases, and forwards. In this article, we will explore these components and their interactions to be better equipped to evaluate developments in the gold market.
Read more: https://www.gainesvillecoins.com/blog/swaps-leases-forwards-deep-dive-gold-wholesale-market

2024-07-03 00:57:24

Today, on July 2, 2024, the central bank of the Netherlands (DNB) invited 12 journalists to have a look inside its new gold vault at the Dutch army base near Zeist. DNB stores 190 tonnes (one third) of its gold in this vault. The central bank states it invited the journalists to show the gold is there, how it is safeguarded and serves as the asset of last resort ("insurance"). Journalists couldn't bring cameras but video images were provided by DNB. rb.gy/dzyd85
Earlier, in May 2023, DNB said "gold is the ultimate anchor of trust. If the entire financial system collapses, you still have the gold and the gold retains its value." rb.gy/fduoz4
In October 2022, DNB Governor Klaas Knot mentioned, "the balance sheet of the Dutch central banks is solid because we also have gold reserves and the gold revaluation account is more than 20 billion euros," in response to a question about DNB's losses due to unconventional monetary policy. rb.gy/vcxpgx
In April 2019 it read on DNB's website: "Gold is the perfect piggy bank – it's the anchor of trust for the financial system. If the system collapses, the gold stock can serve as a basis to build it up again." Although this statement was removed several years later, it can still be read on the Internet Archive. rb.gy/tekm3i
DNB allowed journalist with their own cameras in its previous vault in Amsterdam in April 2016. rb.gy/g9fbpz This was a little while after DNB had repatriated 120 tonnes from Federal Reserve Bank of New York in November 2014. shorturl.at/Ur1ZI
DNB (as well as other European and Asian central banks) is clearly pro gold and prepared for a new gold standard. rb.gy/ex9flx https://image.nostr.build/02cd02046f336179c6f7a3d91830713f3a63c1e248ca97d0dd26d5b81e9bc976.jpg

2024-06-17 14:57:45

Thailand Joins China in Driving Gold Bull Market
Shedding its long-standing price sensitivity to the price of gold, Thailand is currently a gold buyer driving the price up, just like China. Present changes in the global gold market, in which pricing power is shifting East, could be a precursor to a transformation in the international monetary order. Possibly, trade in the East will settle through a system connecting local CBDCs, while any remaining imbalances are transferred in gold. https://www.gainesvillecoins.com/blog/thailand-joins-china-driving-gold-bull-market https://image.nostr.build/0686e6a72b1d3e80707786197deccb6cda0be789a1e227693dcd843d7f0ab00a.jpg

2024-05-23 10:16:15

Chinese private sector gold imports accounted for 543 tonnes in the first quarter, while the People’s Bank of China (PBoC) added 189 tonnes to its reserves. Most of the PBoC’s purchases are “unreported.” China continues to be the marginal buyer in the gold market, driving up the price. I expect that China will remain a robust buyer of gold going forward in support of the price. https://www.gainesvillecoins.com/blog/strong-pboc-chinese-private-sector-buying-boosts-gold-price https://image.nostr.build/0f36f39904bed769fec794c13d5fa130c2573fb8cec1345f114c666e95701f35.jpg https://image.nostr.build/e3df77c5a86ccdfc0388ce052e6220c79a6bc772bd28da7987bcb13e9902aa58.jpg

2024-03-22 15:41:20

China Has Taken Over Gold Price Control from the West
https://www.gainesvillecoins.com/blog/pboc-secretly-bought-record-735-tons-of-gold-2023

2024-02-05 21:18:51

Gold Wars: the US versus Europe During the Demise of Bretton Woods
The story on the emergence of the US dollar hegemony.
https://www.gainesvillecoins.com/blog/gold-wars-us-vs-europe-during-demise-bretton-woods

2023-12-05 12:30:34

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Correct link here https://www.gainesvillecoins.com/blog/polish-central-bank-buys-gold-according-to-secret-eu-plan

2023-12-05 12:29:00

Polish Central Bank Buys Gold According to Secret EU Plan
https://www.gainesvillecoins.com/blog/dutch-central-bank-admits-prepared-new-gold-standard

2023-11-17 21:41:26

Dutch Central Bank Admits It Has Prepared for a New Gold Standard
https://www.gainesvillecoins.com/blog/dutch-central-bank-admits-prepared-new-gold-standard

2023-11-17 11:44:24

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Funny, on my X timeline the bitcoin maxis are the most extreme

2023-11-16 13:50:14

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I don’t see a confirmation but I trust I signed up

2023-11-14 14:01:47

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Minus a

2023-11-14 14:01:18

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LOL now someone sent 2 satoshis

2023-11-14 10:43:37

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Zap me moar!! Hahaha
I like them sats

2023-11-13 11:34:20

Occasionally someone is sending me 1 sat. Is that to tease me?

2023-11-10 08:42:28

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Hahaha

2023-11-10 08:42:09

How Central Banks Can Use Gold Revaluation Accounts in Times of Financial Stress
“Central banks can use entries in their gold revaluation accounts to turn into capital, pay for expenses, or transfer it to their respective Treasuries.”
https://www.gainesvillecoins.com/blog/how-central-banks-can-use-gold-revaluation-accounts-in-times-of-financial-stress

2023-11-07 21:16:21

PBoC in a Hurry to Buy Gold: Covertly Bought 593t of Gold YTD
The PBoC is in a hurry to buy enormous amounts of gold, indicating it’s preparing for substantial changes in the dollar-centric international monetary system.
https://www.gainesvillecoins.com/blog/pboc-in-hurry-to-buy-gold-covertly

2023-11-02 18:17:08

Our monthly Gold Price–TIPS Model Tracker for October shows the gold price added a record 44% to its premium relative to the TIPS yield. The total gold premium reached 184%.
In the month of October, the US dollar gold price rallied 7% while real rates (10-year TIPS yield) went up from 2.24% to 2.46%. The total gold premium versus the “TIPS model” reached 184%, adding a record monthly gain of 44%, reflecting a form of de-dollarization.
As we have reported extensively, at the start of the Ukraine war when geopolitical tensions increased, the gold price began moving higher than the 10-year TIPS yield, to which gold was inversely correlated since 2006, suggested. We measure the difference between the actual price of gold and the price suggested by the old model, with our Gold Price-TIPS Model Tracker (for more info on the Tracker read shorturl.at/rGIJY).
Since the war (February 2022) the market prices gold higher, as holding US government bonds has become riskier due to the confiscation of dollar assets held by Russia. The war in Gaza, which can spill over to other countries, is further igniting geopolitical tensions, and hence the gold premium to the TIPS model made a record jump in October 2023. The Tracker shows gold moved up 44% vs the TIPS model, and the total premium has now crossed 180%.
The Gold Price-TIPS Model Tracker is a measure of de-dollarization, not into renminbi or rupees, but into gold. We suspect inflation expectations (due to the US public debt and fiscal situation) are also a driver for the gold price to decouple from the TIPS yield. https://image.nostr.build/b90b01ad3800eb8485dbbf4d4b1797b5c3f546bf8aa56aa17d42b249a64169bf.jpg https://image.nostr.build/1a6270abd4d77623e8a005300879523fc6cb56bbef51a1bc40774fe71e603d5f.jpg https://image.nostr.build/c7c0371a65c54c682517874cb6d08ed9011eb333206fbe079ec3de399b3f5b2e.jpg

2023-11-01 09:09:32

Did anyone of my followers ever had a “buggy experience” using Lightning?
What are its flaws?

2023-10-03 18:43:59

Gold Held Up Extremely Well in September Against Rising Real Rates
“I’m introducing the “Gold Price–TIPS Model Tracker” to improve our understanding of how the gold price is set and its future potential.”
https://www.gainesvillecoins.com/blog/gold-held-up-extremely-well-in-september-relative-to-rising-real-rates

2023-09-22 21:47:12

World Official Gold Holdings Reach Record High
My estimation of global official gold reserves hit 38,764 tonnes in Q2 2023, breaking its previous record from 1965. The new high confirms the world has entered a new era of gold. Central banks will continue to accumulate gold and the metal’s role in the international monetary system will increase to the detriment of the US dollar.
https://www.gainesvillecoins.com/blog/estimated-world-official-gold-holdings-reach-record-high https://image.nostr.build/a391bd5e2d9c057abdb43561759885174134be2627c44d1d475742cfeb302bcd.png https://image.nostr.build/840c55ad98e74ec3601533ddaa193cc3f2532c3b1bd6fddc841e508ba4d9e82a.png https://image.nostr.build/7c92c1893a14c4f64ee5d5c2f8841ef030f5429f79a213f2805ee4839b4fba91.png

2023-09-05 15:52:03

Estimated Chinese Gold Reserves Cross 5,000 Tonnes
In the first six months of 2023 the Chinese central bank bought an estimated 353 tonnes. Although demand in H1 2023 was down 34% from H2 2022, demand was still strong and a driving force of the price of gold.
https://www.gainesvillecoins.com/blog/estimated-chinese-gold-reserves-cross-5000-tons

2023-08-25 17:42:33

The West Is Losing Control Over the Gold Price
The East has been driving up the gold price, predominantly in late 2022 and the first months of 2023, breaking the West’s long standing pricing power.
https://www.gainesvillecoins.com/blog/the-west-is-losing-control-over-gold-price

2023-08-03 20:19:54

German Central Bank: Gold Revaluation Account Underlines Soundness of Balance Sheet
“[This] accentuate gold’s role as a remedy regarding financial challenges created by boundless money printing.”
https://www.gainesvillecoins.com/blog/german-central-bank-gold-revaluation-account-underlines-soundness-balance-sheet

2023-07-20 18:46:36

The PBoC Manipulates the SGE Gold Price https://www.gainesvillecoins.com/blog/pboc-manipulates-sge-gold-price

2023-07-03 21:14:43

"The US dollar price of gold has been declining in the past two months, though it continues to show significant strength against the 10-year TIPS yield. Gold’s performance since early 2022 must be seen as bullish." https://www.gainesvillecoins.com/blog/gold-strengthening-despite-declining-price

2023-06-09 23:43:29

The Shanghai International Gold Exchange and Its Role in De-Dollarization
De-dollarization can be accomplished by using yuan to settle international trade and store surpluses in gold through the SGEI.
https://www.gainesvillecoins.com/blog/shanghai-international-gold-exchange-and-de-dollarization

2023-05-16 14:49:39

COMEX Gold Futures Explained Part 1: The Basics
In this first part we will discuss the history of futures trading and the basics of COMEX gold futures.
https://www.gainesvillecoins.com/blog/comex-gold-futures-explained-part-1

2023-04-20 12:37:12

Is Saudi Arabia Selling Oil to China for Gold?
“De-dollarising could be done by using the renminbi as a trade currency and converting yuan revenue into gold on the Shanghai International Gold Exchange.”
https://www.gainesvillecoins.com/blog/is-saudi-arabia-selling-oil-to-china-for-gold

2023-03-25 13:02:04

The Hierarchy of Money and the Case for $8,000 Gold
https://t.co/mxC7TH1YOb
https://nostr.build/i/nostr.build_32462077eca7910642749c40a5076d78cde31ba007c693eebe2ca9347e26d62a.png

2023-03-22 22:34:31

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You got 3,000 sats for that? 😵‍💫

2023-03-16 09:38:13

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Great read. But when I started researching it the core message appeared not to be true. Typically Graeber

2023-03-15 17:15:56

Gold up +1.47% on safe haven demand, at $1,939 USD/oz.
https://nostr.build/i/nostr.build_f65802e18e4b2e53e38f070c0cb889adde7161096096cf23080c954824e250ba.jpeg

2023-03-14 21:10:17

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2023-03-13 20:55:39

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How do you post a picture here?

2023-03-13 20:54:55

Gold trading strong at $1,918 USD/oz

2023-03-09 13:07:21

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https://t.co/oaMeVnX7LJ

2023-03-08 14:29:59

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With gold it is more of a team effort.

2023-03-08 08:00:20

2023-03-08 07:58:12

This story about the purity of gold refined by the Perth Mint is overblown. It was brought as if gold delivered to the Shanghai Gold Exchange was fake (diluted), but the purity was never less than 99.992%.

2023-03-06 10:32:11

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https://twitter.com/GainesvilleCoin/status/1631324815284920321?s=20

2023-03-02 16:57:52

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How to include a chart here?

2023-03-02 16:56:52

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Ik heb idd weinig ideeën over hoe hier geld te verdienen. Ten eerste, wie zou dat betalen?

2023-03-02 16:54:29

The European Central Bank’s (ECB) gold holdings went up by 2 tonnes in January 2023. This tonnage is most likely Croatia’s contribution in international reserves to the ECB for joining the eurosystem on the 1st of January 2023.

2023-02-23 20:28:05

Hoe does one get a purple badge here?

2023-02-23 19:28:52

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https://www.gainesvillecoins.com/blog/how-much-gold-does-china-own

2023-02-23 17:32:54

“According to my analysis, the Chinese central bank owned 4,309 tonnes of gold on December 31, 2022, which is more than double than what is officially disclosed.”
My estimates:
PBoC reserves 4,309t
Private reserves 23,745t
Total gold in China 28,054t
https://www.gainesvillecoins.com/blog/how-much-gold-does-china-own

2023-02-20 18:12:23

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Yeah it’s mostly bitcoin here 🫠

2023-02-20 14:56:09

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Same here. Also, I just brought a sweater to my mom because I couldn’t get the stain out.

2023-02-20 14:41:58

Currently I’m working on an article about the true size of China’s gold reserves. Stay tuned!

2023-02-20 14:40:42

China's U.S. government bond holdings hit the lowest in over 12 years at the end of December, while its gold trove grew against a backdrop of American interest rate hikes and bilateral tensions. https://asia.nikkei.com/Business/Markets/Bonds/China-s-U.S.-Treasury-holdings-hit-12-year-low-on-rate-hikes-tensions