From Singapore to Canada: BullionStar’s Ronan Manly and Keller Consulting’s Corey Keller Talk Frankly About The Realities In Today’s Precious Metals Market
Bullion.Directory precious metals news 10 November, 2020
By Spencer Campbell
Founder / CEO at SE Asia Consulting
With over 30 years experience in the design and build of gold refineries including processing, acquisition, disposition, logistics and project design, Corey has worked with gold refineries on five continents, including Metalor Technologies USA, and has extensive experience working with the leading gold refineries in Dubai and Abu Dhabi.
He has also worked with refineries in as diverse locations as Canada, Venezuela, Philippines, Singapore, Thailand and Honduras, and is also consulting on potential refinery design projects in Qatar, Papua New Guinea and Egypt.
Today we join BullionStar’s Ronan Manly in conversation with Corey, as they discuss the realities of the gold refining sector, how this affects the Precious Metals Industry as a whole, as well as Corey’s expert views on such diverse topics as the LBMA, the COMEX, the London Good Delivery List and the bullion banking sector.
Jump to Section:
- 0:00 Introduction
- 02:27 Overcapacity and undercapacity in the gold refining sector
- 04:03 Volumes and costs in gold refineries
- 05:38 The LBMA and the representativeness of the Gold Delivery List
- 09:36 Potential competition to the Good Delivery List
- 11:37 Protectionism and the complaints of NGOs such as Global Witness
- 13:25 The drivers of gold inflows into New York’s COMEX during 2020
- 16:01 COMEX mass approval of LBMA refinery brands during July
- 17:45 The future home for physical and the potential of Singapore as a refinery hub
- 22:02 Corey’s views on the work of the Gold Antitrust Action Committee (GATA)
- 24:34 The dominance of bullion banks – Scotia and JP Morgan
- 27:04 Acquisition activity in the global gold refining sector
- 29:59 Gold mining supply and its impact on refineries
- 31:43 Silver refining requirements versus gold refining
- 33:30 View on buying and accumulating physical gold
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