Page 49 - Bullion World Issue 7 November 2021

Bullion World | Issue 07 | November 2021
Demand is rising for

platinum and palladium

Platinum and palladium are 30 times rarer than gold. Every single
electrical gadget or tech toy you own will contain a trace of these
five elements. Often found in things such as reducing vehicle
emission, jet engines, electronics, dental work, medical tools,
pacemakers, cancer-fighting drugs or jewellery. Not only that,
but the investment case for both platinum and palladium is only
beginning…Platinum and palladium are 30 times rarer than gold.

Source: https://www.abcbullion.com.au

Reuters exclusively

reports banks prepare

to scrap LME gold and

silver contracts

Reuters exclusively reported that a group of banks that
partnered with the London Metal Exchange (LME) to
launch gold and silver futures in 2017 is preparing to
abandon the project after hoped-for volumes did not
materialize. Such a move would end an attempt by
the LME, which dominates industrial metals trading,
to capture part of London’s bullion market, which is
the world’s largest with gold worth some $17 trillion
changing hands last year.

Source: https://www.reutersagency.com

Russian Gold Exchange

Announced Plans to Boost

Gold Trading

Further to announcing closer partnership with the London
Metal Exchange (LME), the Moscow Exchange now plans to
provide further boost to its gold trading activities.

The recent association with the LME allows participants to
trade spot gold at London prices by using its own clearing
systems, thus making trading easier. The exchange plans to
enter into a similar partnership with Shanghai Gold Exchange,
which it expects to be finalized possibly by next year.

Source: https://www.scrapmonster.com

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