Sep 21

H/t reader squodgy:

“Grand Theft ANAL?????”


Canadian Stole $180,000 Worth of Gold From Mint by Hiding it Where?!:

A man smuggled $180,000 worth of gold from the Royal Canadian Mint where he was working, and authorities were stumped as to how he did it, until they found vaseline in his locker.

Leston Lawrence, 35, hid the smuggled gold inside his rectum.

Lawrence has been on trial for theft, laundering the proceeds of crime, possession of stolen property, breach of trust, and other charges relating to the smuggling. The trial concluded on Tuesday, but a verdict will not be handed down until November 9. Continue reading »

Tags: , , ,

Sep 12

Sorry, You Can’t Have Your Gold:

We warn regularly of the risk involved in storing wealth in banks. They’ve made the removal of your deposits increasingly difficult in addition to colluding with governments to allow them to legally freeze or confiscate your money. To add insult to injury, they’re creating reporting requirements with regard to the contents of  safe deposit boxes and restricting what can be stored in them – again, at risk of confiscation. Continue reading »

Tags: , ,

Sep 07

IRS Warns Against Keeping IRA Funds In Gold At Home:

 Commentary on the Wall Street Journal article by Laura SaundersThe Internal Revenue Service isn’t too keen on the recent advertisements suggesting retirement savers store their tax-free individual retirement account funds in gold at their house or in safety-deposit boxes, the Wall Street Journal writes.

Storing Gold at Home: Legal, But with Caveats

The statement from the IRS comes in response to a number of ads online and on the radio, such as one from Hartford Gold Group, suggesting investors can avoid stock market turbulence by investing IRA accounts in gold coins and bullion they can store where they like, including their home, according to the Journal. Continue reading »

Tags: , , ,

Sep 03

We are nearing the endgame …


The Real Reason Gold Is Up 25% In 2016

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , ,

Sep 02

deutsche gold_0

Deutsche Bank Tries To Explain Why It Did Not Deliver Physical Gold, Fails:

The unprecedented escalation involving Deutsche Bank’s failure to deliver physical gold on demand continues.

As we first reported two days ago, a client of Xetra-Gold, a German Exchange-Traded Commodity fund, tried to get access to the gold he had been promised under the Xetra-Gold prospectus, leading to much confusion about just where the failure to deliver had taken place, at Xetra or at the fund’s designated sponsor, and the client’s principal bank: Deutsche Bank.

Then, overnight, we presented the just as odd response provided by Deutsche Boerse where the ETC is traded, which sounded as if it was trying to pass the buck onto Deutsche Bank. This is what it said: Continue reading »

Tags: , , , ,

Sep 01

xetra gold bars

Deutsche Boerse Responds To Deutsche Bank’s Failure To Deliver Physical Gold:

In the latest stunning development involving a documented failure of a bank to deliver physical gold when demanded, yesterday we reported that according to German website godmode-trader.de, a client of the Xetra-Gold Exchange-Traded Commodity was told the fund’s designated sponsor, Deutsche Bank, would be unable to deliver the requested gold. This was contrary to the explict reps and warrantiesmade explicitly in the Xetra-Gold’s prospectus, which said that investors are entitled to the delivery of the certified amount of physical gold at any time, and proudly added that “since the introduction of Xetra-Gold in 2007, investors have exercised this right 900 times, with a total of 4.5 tons of gold delivered.” Continue reading »

Tags: , , , ,

Sep 01

Something unexpected happened when a customer of Xetra-Gold, whose designated sponsor is Deutsche Bank, demanded physical delivery of his gold as was his right…


xetra gold bars

Deutsche Bank Refuses Delivery Of Physical Gold Upon Demand:

While the trading world was focused on the latest news involving Deutsche Bank, namely that the troubled German bank had been contemplating a merger with Germany’s other mega-bank, Commerzbank as part of a strategy to sell all or part of a key business to speed up its flagging overhaul, a more troubling report emerged in a German gold analysis website, according to which Deutsche Bank was unable to satisfy a gold delivery request when asked to do so by a client of Germany’s Xetra-Gold service.

But first, what is Xetra-Gold?

According to its website, the publicly traded company “provides investors with an efficient instrument to participate in the performance of the gold market. Xetra-Gold’s combination of features – cost-efficient trading and the right for physical delivery of gold – makes it an attractive product.”

Among its highlights, Xetra-Gold lists the following: Continue reading »

Tags: , , , ,

Aug 31

Someone Just Dumped Almost $5 Billion Notional Gold Into The Futures Market:

Gold futures are near the psychologically important $1300 once again as someone decided this morning was the perfect time to dump $4.7 billion notional gold into the futures markets…

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , ,

Aug 29

H/t reader squodgy:

“OK, until the PTB (Rothschilds) can pinpoint the exact timing for a Smokescreened/War based Economic Collapse where their financial system inadequacies will escape scrutiny, they will just keep printing worthless paper and nobody will notice or care.
But when that trigger is pulled, what use will precious metals be? OK, say Gold goes up to $5G/oz, it will still only buy the same number of loaves of bread as it did at $1G/oz. Hyperinflation will take care of that.
So accumulating precious metals will simply be a basic currency, but only if all other traders have followed suit.
For instance, if only say 5% have made any efforts to hoard precious metal, how will they reach a pricing schedule with bakers, butchers, greengrocers, electrical dealers etc who haven’t seen it coming?
People should be working on this now, but they believe in trusting Government. JEEZ!”

Related info:

Inflation, Hyperinflation and Real Estate (Price Collaps)

Argentina’s Economic Collapse (Documentary)


Economist Talks Endgame Scenarios: “Physical Precious Metals Markets May Freeze Up… Buying Frenzy… $5,000 Gold Is A Conservative Estimate”:endgame

Economist David Morgan of The Morgan Report is one of the world’s best known silver investors. In the following interview with Future Money Trends Morgan discusses his personal experiences during the last major run-up in gold, when it hit a price of $850 in early 1980. As Morgan describes it, there was significant panic buying during that time period, and should central banks and governments continue on their current course, we’ll see a similar endgame play out this time around:

What’s good for gold is the end of empire… And we’ve got governments that are failing… When these bond markets blow up further, that’s when you’re going to see a run to gold than we’ve already seen…

Wait until the physical market freezes up, which could happen. I am not saying it would happen, but it could. With the worldwide demand and a failing currency across the world, where do you think people are going to go? They’re going to go to precious metals which have been trusted for thousands of years. Continue reading »

Tags: , , , ,

Aug 24

Someone Just Puked $1.5 Billion Of Notional Gold, And The Selling Continues:

Makes perfect sense – someone just decided in keeping with their fiduciary duty, 0840ET was the perfect time to unleash $1.5 billion of gold notional into the futures markets….

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , ,

Aug 24

A Gold Standard “Comes After War, Not Before” Macquarie Warns “The Private Sector Will Never Recover”:

…the only way gold loses is if normal business and private sector cycles come back. If that is the case, gold goes back $100 per ounce. The other outcomes: deflation, stagflation, hyperinflation are all good for gold. As for a return to a gold standard, Shvets has more bad news: “Gold standards come back after the war, not before the war.”

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , ,

Aug 21

FYI.


“It’s Not Some Barbarous Relic” – Trump Adviser Urges Return To Gold Standard:

“.. we need a fundamental reassessment of the global monetary order… in terms of gold being involved, I see it as a sophisticated, forward-looking approach because gold is neutral, it’s universal, and it’s a well-accepted monetary surrogate that transcends borders and time. If you look at the foreign reserves of the most important countries, they keep them mostly in gold. I don’t want to read too much into it, but it proves that gold is not some barbarous relic.”

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , , , , , ,

Aug 21

Olympic Gold Medals Have Almost Zero Gold In Them

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , , ,

Aug 20

Rothchilds Buying Gold On “Greatest” Money “Experiment” In “History The of World”:

The Rothschilds are buying gold through their investment house RIT Capital Partners and Lord Jacob Rothchild is warning about the results of “the greatest experiment in monetary policy in the history of the world”.

jacob-rothschild-reception-to-mark-the-prince-of-wales-medal-for-philanthropy

British investment banker Lord Jacob Rothschild is buying gold. Pictured with Joanna Lumley. (Source: Getty)

The Rothchild’s investment house has increased its allocation to gold by 8% and aggressively sold quoted equities and sterling to navigate choppy “uncharted waters” post-Brexit. Sale of shares have been used to buy gold and other non-disclosed precious metals, which, at the end of June accounted for 8 per cent of the £2.8 billion portfolio according to the trust’s half-year results, released on Tuesday. Continue reading »

Tags: , , ,

Aug 17

Flashback.


weimar-hyperinflation

Gold & Silver Prices Under The Weimar Republic’s Inflation

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , , , , , , ,

Aug 14

10.08.2016

Description:

Quote, “history has shown us that when the government needs to save itself it won’t hesitate to STEAL your money”

I follow a lot of alternative financial experts like Dr. Jim Willie, Peter Schiff, Jim Rickards, Dave at X22 Report, Gregory Mannarino, Greg Hunter, and many others. They all pretty much have the same opinion concerning the state of the economy. They believe the government will go to great lengths to prevent a collapse of the dollar, including raiding your IRA and stealing your money. Many people don’t think the government could legally do this, but they have done it many, many times over the past 200 years. People are just not educated or aware of when it was done and how. Continue reading »

Tags: , , , , , , ,

Aug 13

Billionaire Crispin Odey, Who’s Had A Pretty Terrible Year, Is Betting Everything On Gold:

“World money supply stands at around $83 trillion – some ten times its level at the start of the millennium. Gold has a value less than $7.5 trillion, of which 57% is for jewellery, 22% is invested and only 17% is held by central banks. So central banks have printed over $80 trillion of money, backed by only $1.27 trillion of gold.”

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , ,

Aug 07

japan gold

Visualizing 31 Incredible Facts About Gold:

No metal can claim a legacy comparable to gold.

As VisualCapitalist’s Jeff Desjardins notes, gold has been used to show affectionate love, but it has also represented power, status, and riches for the greatest kings of antiquity. Gold’s history is truly legendary, ripe with colorful tales and anecdotes from people ranging from William Shakespeare to Christopher Columbus.

But gold doesn’t just “talk the talk”.

Gold also walks the walk, because its grandeur is backed up by impressive chemical properties and uses. As we documented in our extensive Gold Series, it’s been used as a monetary metal for thousands of years by ancient civilizations such as the Lydians, Greeks, Chinese, and Romans. It’s the most malleable and ductile metal, and it doesn’t tarnish or corrode. Over time, these properties have helped people to associate gold with concepts such as immortality or royalty.

Even today, people are still finding new uses for gold that are impressive in their own right. For example, scientists recently discovered a gold alloy that is four times tougher than titanium.

Without further ado, here are 31 incredible facts about gold… Continue reading »

Tags: , ,

Aug 03

China-gold-silk-road

China’s New Silk Road To Make A Big Move In Gold:

It’s one of the great engineering achievements in history…

At 48 miles long, the Panama Canal cuts through a narrow strip of land in Central America.

It links up the Atlantic and Pacific oceans, allowing ships to pass through the landmass instead of sailing around a whole continent.

Ships pay dearly to use this shortcut… up to $375,000 for a one-way toll.

It’s worth the price. Continue reading »

Tags: , , , , ,

Aug 02

FYI.


How and When Does This Mess End?:

A concerned reader wants to know if there are any precedents for the monetary printing we see today, and also when and how this all ends.

Hello Mish,

I wish to get your opinion as to how, or the possible sequence of end games to this bubble economy.

The Fed, ECB, and BoJ all print trillions of $$ to keep bubble inflated. Are there any historical times that match we have seen here? Continue reading »

Tags: , ,

Aug 01

Austrian Mint sells 41 tonnes of gold coins and gold bars in 2015:

Earlier this year, the director of marketing and sales at the Austrian Mint confirmed to Bloomberg in an interview that the Mint’s combined gold bar and gold coin sales in 2015 had totalled 1.32 million troy ounces, a 45% increase on 2014, while the Mint’s silver sales in 2015 had reached 7.3 million ounces, a figure 58% higher than in 2014.

Since Münze Österreich, or the Austrian Mint in English, only publishes its annual report in July of each year, we had to wait a few months to see the granular details behind these sales numbers. Now that the Austrian Mint’s 2015 Annual Report has been published, the detailed sales figures are as follows.

Gold Philharmonics – 23.5 tonnes

In 2015, the Austrian Mint sold 756,200 troy ounces (23.52 tonnes) of Vienna Philharmonic gold coins, of which 647,100 troy ounces (20.18 tonnes) were in the form of its flagship 1 oz Vienna Philharmonics, with the remainder comprising ½ oz, ¼ oz, 1/10 oz and 1/25 oz gold Philharmonic coins, as well as a handful of the Mint’s very large 20 oz gold Philharmonics. Gold Philharmonic sales in 2015 were 56% higher than comparable sales of 483,700 ozs in 2014, and were also higher than 2013’s figure of 652,600 ozs.

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , , ,

Jul 28

Japan Has Sent A Massive Monetary Shock Wave Across the Planet: “Will Create A Big Upward Price Adjustment In Gold And Silver”:

In what appears to be a strategy designed to keep their financial system afloat when fiat currencies around the world collapse under the strain of trillions in quantitatively eased debt, the Tokyo Commodity Exchange (TOCOM) has now shifted their operations so that all trade settlements can be completed in physical gold. The move follows the opening of the Shanghai Gold Exchange (SGE), which is the East’s answer to decades of manipulated precious metals prices by a concentration of inside players. It’s an open secret that western central banks and cooperating financial institutions have controlled the price of gold for years. The opening of the SGE and Japan’s TOCOM shift should be a clear signal that eastern governments like China, Japan and Russia are no longer willing to play a rigged game and that they are preparing to allow gold to be freely exchanged on the open market in its physical form. Continue reading »

Tags: , , , , , ,

Jul 18

piggy-bank-lock

If You Can’t Touch It, You Don’t Own It:

The pending Brexit has, not surprisingly, caused a shake-up in the investment world, particularly in the UK. Of particular note is that, recently, asset management firms in Britain began refusing their clients the right to cash out of their mutual funds. Of the £35 billion invested in such funds, just under £20 billion has been affected. Continue reading »

Tags: , , , , , , , , , , ,

Jul 17

comeback-gold

The Worst Gold Bear Is Now The Most Convinced Bull

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , , , ,

Jul 17

The Fundamental Reason The Silver Price Will Explode Much Higher Than Gold

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , ,

Jul 13

Did Citi Just Confiscate $1 Billion In Venezuela Gold:

Venezuela’s President Nicolas Maduro said on Monday that Citibank planned to shut his government’s foreign currency accounts within a month, denouncing the move by one of its main foreign financial intermediaries as part of a “blockade.” What Maduro did not mention is that among the central bank accounts closed by Citi will be at least one, rather prominent, gold swap launched just over a year earlier, which saw some 1.4 million ounces in gold swapped over to Citi in exchange for cash… gold which now appears to be confiscated.

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , , , , ,

Jul 09

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , , , , , , ,

Jul 08

Fearing Confiscation, Japanese Savers Rush To Buy Gold And Store It In Switzerland:

Japan has pushed further away from being the nation that embraces “Krugman Era” economics and deeper into the new “Bernanke Era” economics of helicopter money.  As a result Japan’s citizens have been on a blitz to save what little purchasing power they still possess, before hyperinflation finally arrives.

japan gold

The gold price is up double digits in the past month and as we said last night, something big is coming as Japan appears to prime itself for “helicopter money”. With the Yen soaring and that whole negative rate thing going on, the Japanese savers are understandably concerned about the future of their savings. To be sure, Japan’s thirst for gold is hardly new. Back in March, when Japan’s yields first turned negative, gold merchants such as Vaultoro reported that gold sales jumped 13% thank to an increase in trading from Japan. Japanese savers and investors have flooded towards gold as a safe heaven after the Japanese central bank made a move to set interest rates into the negative. Continue reading »

Tags: , , , , , ,

Jul 08

Gold-101


The Number One Reason to Own Gold and Silver is NOT What You Think It Is:

The number one reason to buy physical gold and physical silver (not paper gold and paper silver, which is not the same thing) is very likely not what you think it is. I can deduce the number one reason why most people buy gold and silver simply from the disproprotionate amount of questions I receive about buying gold and silver whenever gold and silver prices are rising significantly versus when gold and silver prices are falling. In other words, most people believe that that top reason they should buy gold and silver is to profit from rising prices. However, this is far from the best reason to buy physical gold and physical silver. The number one reason to buy physical gold and silver, bar none, is the global currency rot that is happening today, that is relentless, and that Central Bankers are now helpless to stop (though they are responsible for creating it). Of course, some may say that benefiting from rising fiat currency prices of gold and silver is the same reason as protecting onself against currency rot, but in reality, these two reasons for buying gold and silver are as different as night and day, and here’s why. Of those that want to benefit from rising fiat currency prices of gold and silver, the vast majority are looking for a quick score, and they buy gold and silver for this reason without even taking the time to truly understand the value of gold and silver. Those seeking a quick profit from ownership of gold and silver typically fail to understand that: Continue reading »

Tags: , , ,

Jul 07

Here is the Bilderberg Rothschild puppet that destroyed Deutsche Bank:

Bilderberg Josef AckermannJosef Ackermann

Related info:

A Furious Italian Prime Minister Slams Deutsche Bank As Europe’s Most Insolvent Bank

Deutsche Bank Derivative Implosion have been confirmed by the pending sale of $1.1 TRILLION in derivatives to 3 US big banks (Videos)

Deutsche Bank: $75 Trillion In Derivatives (20 Times Greater Than German GDP) – Technically Insolvent – Share Price Now Lower Than Financial Crisis Low (Video)

The Elephant In The Room: Deutsche Bank’s $75 TRILLION In Derivatives Is 20 Times Greater Than German GDP


Gundlach: “When Deutsche Bank Goes To Single Digits People Will Start To Panic”:

Following today’s Fed minutes release, Jeff Gundlach had a far less “uncertain” message: “Things are shaky and feeling dangerous,” Gundlach told Reuters in a telephone interview.

It’s not just stocks that Gundlach was not too excited about, he also had some choice words about buying Treasuries here. “You’re seeing people who hated the ‘2 percent’ 10-year suddenly loving it at a 1.38-1.39 percent revisit of the all-time low closing yield,” Gundlach said. “If you buy 10-year Treasuries now, I would say, it is a terrible trade location. In fact, it is the worst trade location in the history of the 10-year Treasury.” Continue reading »

Tags: , , , , , ,