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Greetings, investor! Are you ready to get your week off to a great start! In today’s news, we go to Australia, where Perth Mint is seeing surging sales of bullion….but many of Australia’s neighbors to the north are struggling with their retail gold sales—from India to China, Singapore and Thailand. Also, Alan Greenspan is worried about a couple of things related to the U.S. economy that you don’t want to miss. That is just some of the news we have for you today.
Let’s dig in…

Price
Perth Mint Gold Sales Hit 4-Month High in August
Australian bullion hit a four-month sales high in August, while silver products dipped, according to recent sales figures from The Perth Mint of Australia. The monthly increases occurred despite divided precious metals sales overall. LBMA prices in August slipped to 0.4% for gold and soaring 13.6% for silver. Perth Mint sales of gold coins and gold bars totaled 67,462 ounces last month, marking gamins of…
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International
Asian Retail Gold Market Still Struggling
India, Singapore, and China are all offering discounts for the fourth week as retail sales have grown cold. Physical gold dealers in India were forced to offer discounts for a month straight as bullion continues to have low appeal for most retail consumers there. Demand in India has been hit harder than normal recently due to the start of “Shradh,” a two week period where people avoid luxury purchases like gold and other assets. In China, demand stayed weak even with gold discounts of $45-$50, verses the previous week’s $56 level.
SEE HOW JAPAN, BANGLADESH, SINGAPORE AND THAILAND GOLD SALES ARE DOING ([link removed])

Price
International Gold Trade Will Highly Impact Long-Term Price
International trade is a critical component of the global economy that gold investors should keep an eye because this will be a factor for long-term gold prices, according to one market analyst. In a webinar discussion hosted by the London Bullion Market Association Thursday, James Steel, chief precious metals analyst at HSBC, said that a rise in international trade would create an unfavorable environment for the gold market. He explained that rising international trade is a sign of global economic growth, geopolitical stability, and positive consumer sentiment. He added that this environment is positive for the U.S. dollar and equity markets; simultaneously, it reduces the need for safe-haven assets. “In a case like that, why would you want to own gold? You wouldn’t or not much of it,” he said. KEEP READING ([link removed])
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Economy
Alan Greenspan Has Two Big Concerns About the Economy
Former Fed Chairman Alan Greenspan told CNBC that he is worried about two things when it comes to the U.S. economy—inflation and the government’s ballooning budget deficit. “My overall view is that the inflation outlook is unfortunately negative and that’s essentially the result of entitlements crowding out private investment and productivity growth,” Greenspan said in an interview Thursday on CNBC’s “Squawk on the Street.” It was the first televised interview the ”Maestro” has given since the coronavirus pandemic hit the U.S. in March. Speaking about the virus, Greenspan said…

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International
Terrorist Group Controls Mining Operations in Venezuela, Says Official
Venezuelan opposition MP Americo De Grazia posted a statement on Instagram ([link removed])
Claiming that the Nicolás Maduro regime has allowed terrorist group National Liberation Army (ELN in Spanish) to control mining activities and drug trafficking in the Orinoco Mining Arc. The Arc, officially known as the Mining Arc of the Orinoco River National Development Strategic Zone, is a 111,843 square-kilometre concession area that is equivalent to 12.2% of the country’s landmass and that is located along the eastern Bolívar, Amazonas and Delta Amacuro states. In this area, gold, diamond, iron ore, copper, bauxite, coltan, among other resources can be mined. According to De Grazia, however, the Arc has been expanding beyond the legally permitted areas and destructive operations are now taking place in protected spaces such as… READ MORE
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Stock Market
VIDEO: Changing Dynamics in ETF Holdings
Jeffrey Christian discusses factors affecting the gold and silver prices. He discusses bullion banks buying into gold silver ETF s and the effects on market perceptions of investment demand. This segment comes from the CPM Group Precious Metals Advisory: WATCH VIDEO ([link removed])
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Thanks,
Gold Silver Central

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