- With 50 Tonnes Of Gold Smuggled In 10 Days, India’s Physical Gold Premiums Set To Double (ZeroHedge, Sep 25, 2014):
As the price of precious metals that is eschewed daily by status-quo-hugging talking-heads on business media as indicative of the days of hard money being over continues to come under ‘pressure’, demand for physical gold remains extremely high. With India’s festive season about to begin, The Hindustan Times reports a massive surge in gold smuggling in the last 10 days as heavy demand for gold during Dussehra (for which booking and supply starts today when Navratri begins) has dragged 50 tonnes of gold across the borders to avoid the government’s capital controls. As Bloomberg adds, physical gold premiums may double by the end of October. Continue reading »
- China Moves To Dominate Gold Market With Physical Exchange (ZeroHedge, Sep 23, 2014):
China is slowly moving to dominate the global gold market and it is important to join the dots regarding a few key recent developments in China relating to gold.
When the International Board of the Shanghai Gold Exchange (SGE) was launched last Thursday September 18 during an evening trading session, it was notable that the first transactions were put through by a diverse group comprising HSBC, MKS (Switzerland), and the Chinese banks, ICBC, Bank of China and Bank of Communications.
MKS is the Geneva headquartered precious metals trading group that also owns the large PAMP refinery company in Switzerland. Continue reading »
- This Is Why China Russia & China Are Now “The Enemy” (The Burning Platform, Sep 20, 2014):
The suppression of gold prices is essential at all costs to the Anglo-American banking interests. The saber rattling and attempts to lure Russia and China into military conflict are about who controls the financial world.
Russia and China keep accumulating the eternal currency – gold.
The American Empire and their EU disciples continue to accumulate debt and print fiat currencies. Has fiat paper ever won out over gold in the long-run? Change is coming. Revolution is in the air.
You can sense the desperation of the ruling oligarchs. Their fiat world is beginning to crumble. But they will not go without a bloody fight.
- The Big Picture For Gold And Silver (ZeroHedge, Sep 20, 2014):
With precious metals back at 4-year lows against a backdrop of gold migration from west to east, paper vs physical divergences, ‘disappearing’ Comex positions, dark pools in London, collateral grabs, and massive monetary policy extremist actions; we thought the following two presentations worth considering. Tocqueville’s John Hathaway delves into the darker corners of today’s gold markets while Mike Maloney reminds us of the big picture behind gold and silver as wealth insurance. The failure of a monetary system is never a smooth road – it is rocky and undulating, with twists and turns that don’t appear on any map. But the destination is always without question, despite suppression efforts: Gold will inevitably respond to an expanding fiat currency supply. That simple. Continue reading »
- Meanwhile, Here’s What The “Super-Rich” Are Rushing To Buy (ZeroHedge, Sep 20, 2014):
If you said shares of BABA, you’d be wrong. According to the Telegraph, the exodus out of paper wealth and into hard assets is reaching a fever pitch as the “super-rich are looking to protect their wealth through buying record numbers of “Italian job” style gold bars, according to bullion experts.”
The numbers cited by the paper are impressive: the number of 12.5kg gold bars being bought by wealthy customers has increased 243% so far this year, when compared to the same period last year, said Rob Halliday-Stein founder of BullionByPost. “These gold bars are usually stored in the vaults of central banks and are the same ones you see in the film ‘The Italian Job’,” added David Cousins, bullion executive from London based ATS Bullion.
- The Dow And S&P 500 Soar To Irrational Heights While The Ultra-Wealthy Rush To Buy Gold Bars (Economic Collapse, Sep 18, 2014):
Did you know that the number of gold bars being purchased by ultra-wealthy individuals has increased by 243 percent so far this year? If stocks are just going to keep soaring, why are they doing this? On Thursday, the Dow Jones industrial average and the S&P 500 both closed at record highs once again. It is a party that never seems to end, and there are a lot of really happy people on Wall Street these days. But those that are discerning realize that we witnessed the exact same kind of bubble behavior during the dotcom boom and during the run up to the last financial crash in 2007. The irrational exuberance that we are witnessing right now cannot go on forever. And the bigger that this bubble gets, the more painful that it is going to be when it finally bursts. Those that get out at the peaks of the market are the ones that usually end up making lots of money. Those that ride stocks all the way up and all the way down are the ones that usually end up getting totally wiped out. Continue reading »
- Gold Tumbles To 2014 Lows As China Unveils Anti-Rigging Benchmark (ZeroHedge, Sep 18, 2014):
With a Fed hinting at exit strategies, gold has tumbled to 2014 lows (and almost in the red year-to-date) as traders apparently forget Japan, China, and European central banks continue to (or are set to) print more money into the global reflation trade. It appears that as the West continues to sell ‘paper’ gold, the East remains enamnored as the PBOC announced this morning:
- *CHINA TO FORM SHANGHAI GOLD BENCHMARK, PBOC GOVERNOR SAYS
- *PBOC CHIEF ZHOU: GOLD MARKET IMPORTANT PART OF FINANCIAL MARKET
- *SHANGHAI GOLD MARKET HAS TO AVOID SYSTEMIC RISK: PBOC’S ZHOU
Furthermore, traders have noted physical buying interest continues in the Asian region as premiums rise in China and India.
As Bloomberg reports, PBOC’s Zhou says Chinese gold market is crucial: Continue reading »
- Will The Swiss Vote to Get Their Gold Back? (Ron Paul Sep 14, 2014):
On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the SNB’s assets. Arising from popular sentiment similar to movements in the United States, Germany, and the Netherlands, this referendum is an attempt to bring more oversight and accountability to the SNB, Switzerland’s central bank. Continue reading »
- How To Test For Fake Gold And Silver(ZeroHedge, Sep 11, 2014):
Many precious metals investors like the idea of physical bullion because, unlike paper money, it is difficult to counterfeit. That said, when there is a will, there is a way. In recent years, there have been extremely concerning cases of gold counterfeit, and investors that are not fully prepared can get duped. That’s why we worked with our friends at Silver.com to put together this handy infographic list of ways to test for fake gold or silver.
Physical gold and silver (stored outside the banking system!) will protect your financial assets.
Even more important will be water, food, …, etc.
- On The Brink Of A Major Crisis: “This Will Be A Literal Collapse of the Entire Global Monetary System” (SHFTplan, Sep 6, 2014):
Discussions of the possible collapse of the U.S. dollar often center around how such an event will affect the domestic economy. But the dollar doesn’t just operate inside of a bubble. It is the world’s reserve currency for a reason. Some sixty-six countries world-wide either utilize it as their primary currency or peg their own currencies to its exchange rate. What this means, as noted by Future Money Trends in the micro documentary below, is that if and when the dollar does come under attack the fallout will be everywhere. The collapse will happen simultaneously and affect billions of people worldwide.
This is 33% of the nations of the world all submitting their currency sovereignty to the US Federal Reserve.
If and when the U.S. loses its currency status this will be a literal collapse of the entire global monetary system… A system that is built on lies, fraud and theft.
As you might have guessed, when the game is finally up it will wreak havoc across global economies, financial markets and monetary systems. Should that ever happen, those who have failed to exchange their fiat currencies for physical goods of some sort are going to have a rude awakening. Continue reading »
From the article:
“At the beginning of this century Canada held 46.19 tonnes of gold. Now they hold only 2.99 tonnes. That’s a whopping 93.5% decline in gold reserves in just over a decade!”
- Presenting The Worst-Capitalized Central Bank In The West (Hint: Not The Fed) (Sovereign Man, Sep 2, 2014):
As the world’s top central bankers gathered at their annual jamboree recently, the governor of Bank of Canada, Stephen Poloz, undoubtedly received envious comments from his fellow money magicians for Canada’s perceived status as a global financial safe haven.
This newly found perception was perhaps best exemplified during a Bloomberg interview, when the CEO of RBC Wealth Management – the biggest financial institution in Canada said that “Canada is what Switzerland was 20 years ago, and the banks in Canada are what Swiss banks were 20 years ago.” Continue reading »
‘Bilderberg Merkel’ is only another elite puppet, like Bilderberg puppets Schmidt, Kohl and Schröder before her.
Germany cannot do anything on its own. The problem is that under the ‘Geheime Staatsvertrag’ (= secret treaty) as reported by the former German MAD (= Militärischer Abschirmdienst = Military Counterintelligence Service) chief Gerd-Helmut Komossa all German media and the chancellor itself are under control by the allied forces (US, UK, France) until 2099.
The ‘Geheime Staatsvertrag’ also regulates that the German gold reserves stay exactly where they are (as collateral).
Here is an …
Internal BND (Bundesnachrichtendient) document only for ministers (“NUR Für Minister”)
T O P S E C R E T ( Strengste Vertraulichkeit)
It states that copy No.4 of the ‘Geheime Staatsvertrag’ has been lost and also describes in detail what it has been all about.
The document further states that if copy No. 4 of the ‘Geheime Staatsvertrag’ gets into the wrong hand its authenticity should be denied.
Also there is a quote by Egon Bahr, minister from 1972 bis 1976 under Chancellor Willy Brandt, stating that Brandt had to sign 3 letters for the ambassadors of the US, the UK and France.
Brandt was reportedly disgusted by having to sign this ‘Unterwerfungsbrief’ (letter of subjugation), but was told that Konrad Adenauer, Ludwig Erhard and Kurt Georg Kiesinger had to sign these letters as well.
Sep 1, 2014
Dr. Jim Willie joins me to present some important recent developments that bode ill for the dollar as Germany / France and other former allies and partners of the US are now aligning themselves with Russia / China and the BRICS bloc.
- Liberals’ darling Elizabeth Warren defends Israeli attacks on Gaza schools and hospitals (RT,, Aug 29, 2014):
Israel has the right to shell Palestinian hospitals and schools out of self defense as long as Hamas stores rocket launchers next to them, US Sen. Elizabeth Warren said during a town hall meeting in Massachusetts this week.
Warren, darling du jour of American liberals, defended her vote to send more defense funding to Israel in the middle of its recent fierce offensive on Gaza, saying she believes civilian casualties are the “last thing Israel wants,” according to the Cape Cod Times.
“But when Hamas puts its rocket launchers next to hospitals, next to schools, they’re using their civilian population to protect their military assets. And I believe Israel has a right, at that point, to defend itself,” she said.
Israel and Palestinian authorities reached a long-term ceasefire agreement this week after Israel started its campaign in Gaza on July 8. The death toll from the Gaza conflict has reached at least 2,120 people, of which 577 are children, according to the Palestinian Health Ministry. Continue reading »
… as planned by TPTB.
From the article:
“We find ourselves with the same anti-free market interventionist types who set up the Federal Reserve, the US Treasury and the US government running foreign policy in America and then go and intervene in the affairs of Libya, Syria, Egypt, Iraq or Afghanistan. And as can be expected, they mess up just about everything. I think the whole region will blow up and financial markets are not paying sufficient attention to this.”
- Marc Faber Slams US Intervention In Middle East, Warns “Whole Region Will Blow Up” (ZeroHedge, Aug 30, 2014):
Excerpted from Global Gold interview with Marc Faber,
Let’s talk about the ongoing power shift from the West to the East.
Well, basically, everything is connected and interrelated. We had a colonial system until the end of the Second World War, followed by the rise of individual countries. And over the last twenty-five to thirty years what we had was the rise of China with 1.3 billion people. Because of China’s rapid growth and resource dependence (iron ore, copper from Australia, Brazil and Africa, and oil principally from the Middle East), the Chinese have obviously become a very important economic force. Continue reading »
You know it’s bad when …
- Former Mafia Boss Who Did a Lot of Business with Wall Street: Buy Physical Gold and Silver, Because Wall Street Steals Your Money (Washington’s Blog, Aug 21, 2014):
Crime Boss: Wall Street Has No Ethics
The Colombo crime family’s former boss – Michael Franzese – says even he doesn’t trust Wall Street.
Franzese – played by Joseph Bono in the 1990 Martin Scorsese movie “GoodFellas” – spent 10 years in prison after he was convicted on federal racketeering charges.
When he was 35, Franzese ranked No. 8 on Fortune Magazine’s list of the 50 most wealthy and powerful mafia bosses (44 of those on the list are now dead, and three are doing life in prison without parole). He reportedly raked in up to $8 million a week. Franzese is the only surviving high-ranking member of a major crime family to publicly walk away and refuse protective custody. Continue reading »
- What Every Well-Dressed Indian Businessman Is Wearing This Summer – A $210,000 Gold Shirt (ZeroHedge, Aug 9, 2014):
18 months ago – before The Reserve Bank Of India went full gold-tard (raising duties and capital controls), 32-year-old Datta Phuge unleashed his $25,000 gold shirt on the world’s women, proclaiming “I know I am not the best looking man in the world but surely no woman could fail to be dazzled by this shirt?” However, as RBI has lifted some gold restrictions (realizing the error of their ways after smuggling exploded), we introduce 45 year-old politician and textile magnate Pankaj Parakh… and his $210,000 gold shirt weighing 3.3 kilograms which took 20 people 3,200 hours to create. Now, if that doesn’t get him laid (or shot) we don’t know what will…
Pankaj Parakh, a local politician and the owner of a multi-million pound textile business near Mumbai, has had the shirt created out of pure love for the precious metal. Continue reading »
- “London Fix” Gold Rigging By Bullion Bank Exposed In Class Action Lawsuit: The Complete Charts (ZeroHedge, July 27, 2014):
While the allegations in the lawsuit are well-known to frequent (and all other) readers of Zero Hedge, we recommend reading the full filing as it explains in clear English just what the fixing process worked. Perhaps what is more interesting are the abnormalities in the price of gold as highlighted by Derksen, which clearly show the critical role the daily fix has in the manipulation of the price of gold, both in a downward and upward (mostly downward) direction: whichever suits the London Fix member banks.
- Africa’s Largest Refinery Finds 2.7 Tons Of Gold “Missing” After Computer System Upgrade (ZeroHedge, July 25, 2014):
It’s one thing to implicitly admit that there is a physical gold shortage and as a result nations – such as Germany – are unable to repatriate their physical gold held in the safe and trusted confines 90 feet below the NY Fed, gold which may or may not be there and has likely been leased out exponentially to cover paper shorts by virtually every BIS-overseen central bank (and the BIS paper gold selling team itself of course). It is something totally different to corzine, as in vaporize, 87,000 ounces of physical gold, some 2.7 tons, and blame it on a computer upgrade glitch. Which is precisely what Rand, Afrrica’s largest refinery and processor of about a third of the world’s gold since 1920, has done after it “discovered” that $113 million in precious metal was missing after “adopting a new computer system.”
Bloomberg reports that the refinery in Germiston, a town 20 kilometers east of Johannesburg, has 87,000 ounces of physical gold less than the amount present in its accounting records after “implementation difficulties” with the new system, the company said in a statement today. That’s worth about $113 million at today’s price of $1,296 an ounce. Continue reading »
- CEO Of Russia’s 2nd Largest Gold Producer Is “Horrified” At Market Manipulation (ZeroHedge, July 24, 2014):
The ongoing transition of gold price manipulation from conspiracy theory to conspiracy fact just escalated as Bloomberg reports, Peter Hambro, chairman of Russia’s 2nd largest gold producer Petropavlovsk Plc, said he was “horrified” by the manipulation of the London fix given its importance to the industry. One wonders just how many of these individuals, involved in the manipulation, Hambro is dinner-party friends with?
“When I read the reports on what people had been doing to it, I was horrified,”Hambro said in an interview today. “It is something that is really important to people in the industry. It’s something that we use in a big way as we deliver our gold, that’s how we price.” Continue reading »
In 1920 gold fell, then it soared!
- Gold/Silver Prices Under the Weimar Republic’s Inflation (Daily Paul, Dec 21, 2010):
Stole this from another article/blogger.
“On a closing note, because I forgot last week, I would like to share with everyone just how the price of silver and gold escalated in German Mark terms, through the Weimar experience:
Hyperinflation: Wiemar, Germany January 1919 to November 1923
[Expressed in German Marks needed to by an oz. of ag. or au.]”
Gold 30,381 Continue reading »
- Gold Plunges Back Below $1300 As “Someone” Dumps $2.3 Billion In Futures (ZeroHedge, July 15, 2014):
With The Fed proclaiming bubbles in some of the most-loved segments of the stock market and explaining that the economy is doing “ok” but they must remain dovish for longer for feasr of “false dawns”… what better time than now to dump $2.3 Billion notional in futures… of course the dump in gold’s anti-status quo price coincided with an odd v-shaped recovery in stocks… Gold remains above its pre-June FOMC levels still.
The break was precipitated by the sale of over 17,000 contracts (or over $2.3 Billion notional)…
But for now gold remains above FOMC levels… Continue reading »
- Gold Slumps Most In 2014 As “Someone” Dumps $1.37 Billion In Futures At US Open (ZeroHedge, July 14, 2014):
UPDATE: Gold is down 2.5% – the biggest daily drop since early Dec 2013
In a status-quo reinforcing smackdown, gold and silver prices have been clubbed lower this morning to one-month lows with the biggest drop in almost 2 months. The customary USDJPY surge (and risk asset spike) has accompanied this high volume dump just to make sure everyone believes that BES is fixed, Ukraine is fioxed, Iraq is fixed, earnings are great, and the water is warm….
- Blythe Masters’ Ex-Husband Launches Bitcoin Hedge Fund from the Island of Jersey (Liberty Blitzkrieg, July 11, 2014):
Blythe Masters is perhaps the most maligned human being on earth by silver investors due to suspicions of JP Morgan’s manipulation in the silver market. Well she’s back in the news, but it has nothing to do with silver. Rather, the news relates to the fact that her ex-husband and commodities traders, Daniel Masters, has just launched a Bitcoin hedge fund from the island of Jersey, a British Crown dependency.
- “Waiting For Armageddon” – Say It Isn’t So? (Zerohedge, July 11, 2014):
Brent Johnson, of Santiago Capital, provides a brief but broad overview of the state of the state in the world’s precious metals markets (and monetary policy implications). Often accused of “waiting for Armageddon”, Johnson is quick to note that he would love to be wrong… “If I thought it possible to carry out the next 40 years the same as the last – by sticking to the status quo – I’d do it.” But it’s not… and no matter how many “say it isn’t so” you hear from the mainstream, it is inevitable (when not if). Simply put, he warns, if you do have to have capital markets exposure – make sure you have insurance – you need it now more than ever.
Full presentation below…
Watch the presentation HERE.
- Russell 2000 Slumps Into Red For 2014; Gold Best Year-To-Date (ZeroHedge, July 11, 2014):
The Russell 2000 closed down almost 4% from last Thursday’s early close – its worst week in 3 months (and in the red year-to-date). The Nasdaq miraculously scrambled back to unchanged from Payrolls but all major indices closed red for the week. Away from stocks, the USD closed unchanged (with notable CAD weakness and JPY strength). Treasury yields tumbled 13bps on the week – the most in 4 months. Gold and silver rose 1.3% on the week to new 4-month highs (6th green week in a row) as WTI Crude slumped back under $101 (-3.3% on the week). VIX rose around 2 vols back above 12 as “most shorted” stocks plunged over 5% – the biggest weekly drop in 25 months! VIX was slammed lower late-on to give the impression of confidence in stocks into the weekend but credit was notably not buying it at all.
The “most shorted” stock double-top appears to have confirmed… with the worst week in over 2 years!!
Gold is the best performing asset of the year as oil tumbled (and silver overtook stocks)
- CME, Reuters Picked To Replace Silver Fixing In Process Supervised By Former Gold Fixer (ZeroHedge, July 11, 2014):
The person in charge of navigating the “transition” from the old fixing mechanism, of which he was part as recently as April, was a person who was, drumroll, supervising said transition. Surely, his “consulting” was fair and impartial. Naturally, Mr. Spall is no longer at gold-rigging Barclays, a bank which is for all intents and purposes, falling apart but at GCubed Consultants: enjoy perusing the company at the following link.Said another way, one of the Barclays guys who was accountable in the Gold Market Fixing Company for the price manipulation of his trader (the infamous Daniel Plunkett) is then rewarded by the LBMA to conduct an independent review of the applicants to run the Silver fix!