Mar 04

- Buffett On Europe: Germany Must Stop Greek Dog Peeing On Its Carpet (ZeroHedge, March 3, 2015):

Not to be outdone by his partner Charlie Munger (who offended many with his comments that “gold is a great thing to sew onto your garments if you’re a Jewish family in Vienna in 1939,”), Berkshire Hathaway’s Warren Buffett decides to take on Europe (and The Big Lebowski), and particularly the Greeks in today’s ‘perhaps it’s time to just STFU’ moment. Responding to questions about Europe’s future, Buffett compares Greece to a “dog peeing on the carpet” of Europe, suggesting Germany stop “rewarding behavior you want to get rid of.”

Buffett explains…

*  *  *

Quick question – just how far does one go to ‘punish’ the peeing dog before Animal Cruelty is called? Continue reading »

Tags: , , , , , , , ,

Mar 02

- $4 Million In Gold Bars Stolen In 11th Largest Heist In History (ZeroHedge, March 2, 2015): 

Long-time Zero Hedge readers may remember the rather surreal moment towards the beginning of the long-running German tungsten/gold repatriation saga, when Bundesbank Executive Board member Andreas Dombret assured the NY Fed that Germany wasn’t afraid of Simon Gruber (or Goldfinger for that matter) “masterminding gold heists in U.S. vaults.”

Well, since it now appears Germany is all set to ramp up its repatriation efforts (see the NY Fed’s November monthly outflow numbers), Buba may want to reconsider its stance on the threat posed by ambitious bandits, as less than 24 hours ago, an estimated 4 million in gold bars were commandeered (on the side of I-95 no less), by gun wielding desperados.

From CBS:  Continue reading »

Tags: , ,

Feb 28

H/t reader squodgy:

“This essay perfectly sums up the state of Western economies. It’s like those of us who are awake are all standing like deer in the truck headlights……

But the rest are sat quietly with their heads in the ground, they sense something’s wrong, but can’t handle it…”

… or …

…those who are awake saw the tsunami coming way before impact and have left the beach facing an uphill battle through the jungle of disinformation, but are moving into the right direction (which is more often than not an alone journey), up that mountain of knowledge and preparedness, while the rest is still enjoying their piña kool-aid-a until impact.

Totally unsustainable:

- Is This The Most Important Chart For The Future Of The World’s Reserve Currency?

- This Is The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300%

‘All in’ … for preparedness:

Food, water, survival gear, a remote farm, … aaand physical gold and silver to protect your financial assets.


PM

- All In…For Precious Metals! (Gold-Eagle, Feb 26, 2015):

Before getting to the topic of “all in for precious metals!”, I have a story for you which may be of interest. All the way back in 2002, I travelled out to Colorado Springs for the shareholder meeting of a very small and obscure royalty company named Golden Cycle Gold. While there, we did a tour of the Cripple Creek mine and its operations. The nearby town, Victor, looked nearly like a ghost town 30 miles off the beaten path. The only industry was the mining operation and a little bit of tourism. During my trip, I met a long time Director of the Golden Cycle Gold Company, “Frank,” he had a different view of economics than almost anyone I knew. He believed the U.S. was bankrupting the country with armaments manufacturing, just as did the old Soviet Union. Consequently, the U.S. would eventually meet the same economic fate during a currency collapse of the dollar, as had happened to the ruble… Continue reading »

Tags: , , ,

Feb 27

No need to show this Warren Buffett …

warren-buffett-arnold-schwarzenegger-jacob-rothschild
Buffett, Schwarzenegger, Rothschild


- Infographic: Someone please show this to Warren Buffett (Gold vs. the Financial System) (Sovereign Man, Feb 26, 2015):

Warren Buffett once famously chided that all the gold in the world would form a cube of 67 feet (20 meters) on each side.

In doing so, he was attempting to argue that there was no point in owning gold since all the gold in the world would be an unproductive, useless hunk of metal.

What’s ironic (and completely lost on the venerable Mr. Buffett) is that you could make the same argument about the paper-based financial system.

It’s estimated that the derivatives market now exceeds $1 QUADRILLION (15 zeros) in notional value. If you were to somehow accumulate and stack up $1 quadrillion, the pile would be thousands of feet high and hundreds of yards long… much bigger than the cube of gold. Continue reading »

Tags: , ,

Feb 26

Coming to a country near you soon …

- This Is The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300%


- This Is What Happens To Gold In A Hyperinflationary Currency Crisis: Ukraine Edition (ZeroHedge, Feb 25, 2015):

As Ukraine’s socio-economic situation goes from wost to worst-er, today’s announcement by President Poroshenko that the government will take actions to stabilize the currency (which as we previously noted, appears to be heading for hyperinflation) has Ukrainians rushing for the exits into precious metals… with only one goal in mind – wealth preservation.

20150225_GoldUAH

This is what gold does in a fiat-currency crisis. Now if only Ukraine actually still had some gold

Furthermore, according to RIA, on Tuesday, Ukrainian television channel Ukraina announced that with the new exchange rate, the minimum wage in Ukraine stands at around $42.90 per month, which according to the channel, is lower than in Ghana or Zambia. Continue reading »

Tags: , , , , , , ,

Feb 24

From the article:

Under scrutiny are Bank of Nova Scotia , Barclays PLC, Credit Suisse Group AG , Deutsche Bank AG , Goldman Sachs Group Inc., J.P. Morgan Chase & Co., Société Générale SA, Standard Bank Group Ltd. and UBS AG , according to one of the people close to the investigation.”


- Ten Banks, Including JPM, Goldman, Deutsche, Barclays, SocGen And UBS, Probed For Gold Rigging (ZeroHedge, Feb 23, 2015):

No matter how many times the big banks are caught red-handed manipulating precious metals, some failed former Deutsche Bank prop-trader (you know who you are) will take a vociferous stand based on ad hominem attacks and zero facts that no, what you see in front of you is not precious metal rigging at all but a one-off event that has nothing to do with a criminal banking syndicate hell bent on taking advantage of anyone who is naive and dumb enough to still believe in fair and efficient markets. Continue reading »

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

Feb 23

federal-reserve-quantitaive-easing-printing-moneygreenspan-cfrDie Rothschilds - Eine Familie beherrscht die Welt
Rothschild puppet Greenspan.

FYI.


- Federal Reserve Insider Alan Greenspan Warns: There Will Be a “Significant Market Event… Something Big Is Going To Happen” (SHFTplan, Feb 22, 2015):

With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic highs.

But the insiders know different. And if there’s any single person out there who understands U.S. monetary policy and its long-term effects on domestic and global affairs it’s former Federal Reserve chairman Alan Greenspan. As the head of the world’s most powerful central bank for nearly two decades he’s privy to the insider conversations and government machinations that have brought us to where we are today. Continue reading »

Tags: , , , , , , , ,

Feb 21

-  Gold Bars In France Worth $500,000 Robbed From Pensioner By Fake Cops (Goldcore, Feb 19, 2015):

A curious and sad story broke last night about a pensioner in Paris who had US$500,000 worth of gold bars stolen from his home by con-artists posing as police officers.

The criminals arrived at his home claiming to investigate a gold robbery according to Agence France Presse. The pensioner was asked if he had gold bullion and he told them that he did and allowed them into his home to inspect it.

While one of the robbers distracted the 69-year old with paper work the other stole his gold – 13 bars, each weighing 1 kilogram or 32.15 ounces each with a total value of US$500,000. Continue reading »

Tags: , ,

Feb 20

gold-year-of-the-goat

- China Buys More Gold Than The World Produces (Forbes, Feb 19, 2015):

Welcome to the year 4713, the Year of the Ram, or the “goat” if you prefer.

The Chinese New Year, which kicks off today, is the largest and most widespread cultural event in mainland China, bringing with it massive consumer spending and gift-giving. During this week alone, an estimated 3.6 billion people in the China region travel by road, rail and air in the largest annual human migration. Continue reading »

Tags: , , ,

Feb 20

- India Lifts Ban On Bank Gold Imports: Gold Can Again Be Used As Loan Collateral (ZeroHedge, Feb 18, 2015):

One week ago we reported that central bank purchases of gold in 2014 were the second highest in the past 50 years, driven by purchases out of Iraq, Kazakhstan and – most of all – Russia, with no offsetting selling. But what about other more conventional sources of demand? Take jewelry, which while very strong in the beginning of the century, dropped off after the Great Financial Crisis, and then tumbled again after India imposed numerous restrictions on gold imports, which however merely forced the local population to find novel ways of smuggling gold into the country.

This is what the WGC had to say about gold jewelry demand in 2014. Continue reading »

Tags: , , , , ,

Feb 20

silver-coinsWiener-Philharmoniker-Gold

- Why ZIRP/NIRP Is Killing Fractional Reserve Banking & Forcing Deposits Into Gold (ZeroHedge, Feb 18, 2015)

Tags: , , , ,

Feb 17

British-Gold-Sovereign

- The Greeks Are Running Towards Gold As A Safe Heaven As The Retail Demand Increases By 123% (Sprout Money, Feb 15, 2015):

But wait, we should have a look at the CBG’s statement that there was no demand increase. According to the official numbers from the Greek Central Bank, it sold almost 5,900 golden British Sovereigns in January whilst it sold a total of 7,857 coins in Q4 2014. If we would extrapolate the 5,849 coins in January, we would end up with a quarterly sales rate of 17,500 coins, or more than TWICE the sales for Q4 2014. That’s a 123% increase, but the central bank is stating it hasn’t seen a noticeable increase. Maybe their and our definitions of ‘noticeable’ are different, but if the demand for gold suddenly more than doubles, we wouldn’t really describe it as ‘no change’.

Gold-101

Tags: , , , , ,

Feb 10

greek gold

- Fearing Grexit, Greeks Turn To Gold Again (ZeroHedge, Feb 9, 2015):

It never fails: every time redenomination risks and the specter of the (New) Drachma rear its ugly heads, Greeks, like dutiful Austrian economists, realize that Neoliberal economics is nothing but a steaming pile of drivel that only works when everyone is “confident” and gets deeper in debt with a smile on their face while failing in every other instance, and decide that the time has come to convert their paper wealth into hard assets. It happened in 2010, in 2012, and now that Greece is on the verge of its third Grexit in the past 5 years, it is happening again.

As Bloomberg reports, “Greek demand for gold coins is rising as investors search for a safe haven from the country’s political turmoil, according to the U.K. Royal Mint.” Continue reading »

Tags: , , , , , , , ,

Feb 01

Gold-101


Greeks Turn to Gold on Bank Bail-in and Drachma Risks (ZeroHedge, Jan 31, 2015):

The Greek stock market is down over 36% year to date; the risk of global contagion in the event of a Greek exit is very real. Ordinarily such a crisis would require a massive coordinated effort from global stakeholders, perhaps directed by the IMF or some other pan-national financial body. But not in this case; the rhetoric is nationally-based and biased without unity of purpose across finance ministries. Recent official soundings from the UK and German governments saying that exposure to Greece is limited only underscores the depth of denial, ignorance and lack of consensus that exists within the euro area. A Greek exit from the euro would profoundly weaken the euro experiment and create a dangerous precedent for all future crises in the region. Continue reading »

Tags: , , , , , ,

Feb 01

- When FDR made gold illegal to own for everyday people – At the point of a gun (A short video) (AgainstCronyCapitalism, Jan 29, 2015):

gold-stolen-FDR

FDR, the man who studied Mussolini, who birthed the current intrusive state, who started the drug war in earnest, who put Japanese Americans into concentration camps, who extended the Depression years longer than it needed to be and thereby contributed to the genesis of the Second World War, who tried to pack the Supreme Court, who gave away half of Europe to the Soviets at Yalta,  and who confiscated the gold – the real wealth – of the American people.

What a guy. And he still has his face on the dime.

Continue reading »

Tags: , , , , , , ,

Jan 31

- Did The Federal Reserve Make A Major Math Error When Reporting Its December Gold Withdrawals? (ZeroHedge, Jan 31, 2015):

According to the NY Fed, 177 tons of gold have been withdawn from its vault in 2014; according to foreign central banks, at least 207 tons of gold were withdrawn from the NY Fed in 2014.

Did a Fed intern make a very glaring math error or is something else going on?

Tags: , , , ,

Jan 30

Blythe-Masters-Jamie-Dimon

- Gold & Silver Extend Losses – Biggest Drop Since 2013 (Zerohedge, Jan 29, 2015)

Tags: , , ,

Jan 30

- EARLY WARNING SIGNS (The Burning Platform, Jan 28, 2015):

EARLY WARNING SIGNS

We have to recognize that the era when central bank improvisation can be the world’s growth strategy is coming to an end.”

~ Larry Summers – Davos 2015

Tags: , ,

Jan 29

- Zimbabwe’s Gold Mines On Verge Of Collapse Due To Low Bullion Prices (Zerohedge, Jan 28, 2015):

To say that Zimbabwe has not had much luck in its recent, post Robert Mugabe-goes-berserk, history with fiat money is putting it lightly. But did you know that with gold trading at prevailing depressed prices, driven over the past several years not by physical demand but by paper supply, Zimbabwe is about to have another “money” moment, only this time not with fiat but with real money. The reason: the same one why every so often we show the gold cost curve: because some miners simply can not continue operating if the “market” price of gold, with or without central bank and BIS intervention, is below their blended cost. Unfortunately for the south African country, the cost curve of the entire Zimbabwe gold mining industry is on the wrong side of the gold price line.

Tags: , , ,

Jan 27

Related info:

- Germany’s Bundesbank Resumes Gold Repatriation; Transfers 120 Tonnes Of Physical Gold From Paris And NY Fed

- Gold Held In NY Fed Vault Drops To Lowest In 21st Century After Biggest Monthly Withdrawal Since 2001


- The Mystery Deepens: Dutch Central Bank Denies Reports It Bought Gold For The First Time In 17 Years (ZeroHedge, Jan 27, 2015):

Overnight, there was much commotion in the precious metal space when, out of the blue, the IMF reported that months after announcing it had unexpectedly repatriated over 120 tons of gold from the NY Fed, the Netherlands had also purchased some 10 tons of gold in the open market, taking its total to 622 metric tons, the highest since 2007, a period in which it had been unchanged for 8 years.

This was promptly reported by both Reuters:

And Bloomberg:

The Netherlands added to its gold reserves for the first time since 1998 as the ninth-biggest holder boosted assets to the highest in seven years, while Russia bought for a ninth month, International Monetary Fund data show.

Bullion reserves in the Netherlands climbed to 20 million ounces or 622 metric tons in December, the highest since 2007, after being unchanged at 19.7 million ounces from December 2008 through November, the IMF’s website showed. Russia, with the fifth-biggest hoard, held 38.8 million ounces last month, the most in at least two decades, the data show. Continue reading »

Tags: , , , , , ,