Infinite Unknown

- New Information Shows Gold Demand in Dubai is Now Running at 10x Normal Levels (Liberty Blitzkrieg, May 13, 2013):

The disconnect between the massive physical buying of gold versus the falling paper derivatives price has now become nothing short of extraordinary.  While we have all seen the figures describing the gold buying frenzy in China and India, now we have some more detailed information about what is happening on the ground in Dubai.  Incredibly, we find that since the April paper price crash, 50 tons of gold has been purchased, which is the equivalent of the entire amount of 51.8 tons purchased in all of 2012.

One of the most comprehensive looks at the massive physical versus paper disconnect I have read is courtesy of Goldbroker.com, a company that specializes in physical bullion stored in Switzerland.  I suggest checking out their latest Gold Market Report.

Now from Emirates 24/7 we find that: Continue reading »

Tags: Dubai, Economy, Global News, Gold

- Speculator Gold Gross Shorts At All Time Highs (ZeroHedge, May 13, 2013)

Tags: COMEX, Economy, Exchange Traded Fund, Global News, Gold

- Marc Faber: “Something Will Break Very Badly” (ZeroHedge, May 10, 2013):

During an interview with The Globe and Mail, ‘Gloom, Boom, and Doom’s Marc Faber unleashed some awful truthiness about gold “I buy gold every month”, real estate “bubble territory”, and the likelihood of a crash in smoke-and-mirrors-like asset markets.

Q: Is it a good time to buy gold?

Faber: Nobody knows whether it’s a good time to buy gold or not…as I have repeatedly said in my reports, I buy gold every month and on the recent decline I bought more at $1,400 and I have an order at $1,300 and one at $1,200 and one at $1,100 an ounce. But they were not filled, just the $1,400.

I will never sell my gold, as I repeatedly told people. …. My maximum allocation to gold at present time is 25 per cent of assets.”

Q: Mr. Faber, you have indicated you believe there will be a market crash this summer. Can you tell us what might precede such an event?

Continue reading »

Tags: Economy, Global News, Gold, Marc Faber, Stock Market

- Did “They” Ever Tell You To ‘Buy Gold’ Or ‘Sell Stocks’? (ZeroHedge, May 10, 2013)

Tags: Economy, Global News, Gold, U.S.

- Jim Grant On Gold’s Recent Drop: “Confidence In Bernanke Is Utterly Misplaced” (ZeroHedge, May 9, 2013):

“Inflation is a state of affairs in which there is too much money,” Jim Grant notes in this Bloomberg TV interview, however, “It’s not too much money chasing too few goods,” he corrects the misnomer, “the thing this money chases is variable.” Whether it is Iowa farmland, housing, stocks, or bonds, central banks are stuffing us with it. Yes, equities are high, but Grant explains, “beneath the surface of things or not so far beneath the surface of things,” it is not at all good, adding that, “Central bank ‘original sin’,” is akin to Revolutionary France, and he shows no concerns over Gold’s recent dip, noting “a general fatigue animus towards gold,” that seems predicated on more confidence in central bankers; to Grant, “that confidence is utterly misplaced!”

On Inflation: Continue reading »

Tags: Ben Bernanke, Economy, Fed, Federal Reserve, Global News, Gold, Inflation, Jim Grant, Real Estate

The majority of the people has ‘stored’ food good enough for 3-7 days at home.

Many of those totally unprepared people have stocked up guns and ammo for a full-blown civil war and they really think they are now fully prepared for whatever is coming.

Those same people say that they will take by force whatever they are in need or in lack of!

Best of luck if you are surrounded by those idiots!

Related info:

- If You Want To Survive The Coming Greatest Financial Collapse In World History: Bosnia War Survivor: ‘One year in Hell …’ – ’35 Excuses That Will Doom The Non-Prepper’

- Forget Gold: Only Food, Tools and Resourcefulness Will Matter In a Mad Max Scenario (SHFT Plan, May 8, 2013):

When we talk about Mad Max scenarios, we are talking about events where the world as we know it no longer exists. No banks, no credit cards, no grocery stores, no gas stations, and a landscape devoid of law & order.

It’s an outlier to be sure, but one that has been experienced by millions of people throughout history.

Worst case scenarios do happen. And when they do, the activities associated with the regular flow of commerce as we understand them today cease completely.

Historically, this has happened more often than not as a result of economic calamity stemming from states that take on massive amounts of debt, with the end result being widespread war and total economic destruction. Continue reading »

Tags: Ammunition, Collapse, Economy, Food, Global News, Gold, Guns, Mad Max, Mad Max Scenario, Preparedness, Society

- Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam? (Economic Collapse, May 8, 2013):

The legal claims on physical gold far exceed the amount of physical gold that the banks actually have by a very, very wide margin.  And right now the bankers are scared out of their wits because their warehouses are being drained of physical gold at a frightening rate.  So what happens when their physical gold is gone but they still have lots and lots of people with legal claims to gold?  When that moment arrives, it will represent the end of the paper gold scam.  Many believe that the recent takedown of the price of paper gold was a desperate attempt by the bankers to put off that day of reckoning, but it appears to have greatly backfired on them.  Instead of cooling off demand for precious metals, it has unleashed a massive “gold rush” all over the globe.  Meanwhile, word has been spreading among wealthy families in both North America and Europe that they had better grab their physical gold out of the banks while they still can.  This is creating havoc in the financial community, and at least one major international bank has already declared that it will only be settling those accounts in cash from now on.  The paper gold scam is starting to unravel, and by the time this is all over it is going to be a complete and total nightmare for global financial markets. Continue reading »

Tags: China, COMEX, Economy, Global News, Gold

- Visualizing The Collapse Of Fiat Currencies (ZeroHedge, May 8, 2013):

Presented with little comment – aside to note, it’s never different this time…

and as a reminder…

Tags: Economy, Global News, Gold

- Bartiromo Vs Schiff: The (Soft) Money-Honey Against The Golden Boy (ZeroHedge, May 4, 2013):

Perfectly summarizing the cognitive dissonance of the mainstream media (and their drone-like viewers), this duel of the Soft-Money-Honey Maria B and Hard-Money Golden Boy Peter Schiff was a tragic farce. Maria comes out swinging, “whether this is a manufactured market or not, you’ve got no alternative but stocks – where’s my yield?” Schiff counters, “there are alternatives” – summarily scoffed at (a-la his-housing appearances in 2006/7) by Mariaremember…

- “we have a completely phoney economy driven 100% by cheap money; the minute you take it away, the whole thing implodes.” And while the ‘fight’ moves on, we are left thinking they are in two different rings since whatever point is made by Schiff is summarily ignored for the status quo.

“QE will be here until we have a USD crisis and the Fed can’t get away with it anymore,” Schiff reminds, adding, “There is no exit strategy… the Fed is bluffing; exit is impossible.”

The glancing blows continue deep into the late rounds. “The reality is we are living in a bubble; and all bubbles burst,” (reminding us of Sam Zell’s comments to the very same CNBC anchor a few weeks back), “it’s unfortunate we didn’t learn that lesson in 2008 but we’re about to learn a much bigger lesson.” Disingenuous laughter follows at Schiff’s suggestion at holding Gold with Maria’s anchoring bias loud-and-proud – “I’m looking for alternatives to stocks, and I can’t find any.”

Schiff notes, “the next crisis will be the USD,” to which Maria incomprehensibly asks “what currency am I going to own if not the USD?” And this is where the fireworks begin as Schiff dares to suggest “you could just have real money Maria” (just as Marc Faber warned her “you don’t own gold, you are in great danger” a few months back).

Continue reading »

Tags: Collapse, Dollar, Economy, Fed, Federal Reserve, Global News, Gold, Marc Faber, Maria Bartiromo, Peter Schiff, U.S.

Flashback:

- JPMorgan Employee Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives, Which Would Be at the Very CENTER of Cap and Trade

- Will JPMorgan’s “Enron” Be The End Of Blythe Masters? (ZeroHedge, Mai 3, 2013):

One year after the infamous Jamie Dimon “tempest in a teapot” fiasco, which promptly turned out to be the biggest TBTF prop-trading desk debacle in history, things were going well for JPMorgan.

On one hand, the chairman of the TBAC (and thus US Treasury advisor and policy administrator), and former LTCM trader, Matt Zames, was just recently promoted to the sole second in command post at the biggest US bank (and 2nd biggest in the world) by assets, and first in line to take over from Jamie Dimon. On the other hand, one of Mary Jo White’s former co-workers, and a JPM defense attorney from Debevoise just became head of the SEC’s enforcement division, in theory guaranteeing that the US government would never do more than slap the wrist of JPM in perpetuity. Continue reading »

Tags: Banking, Blythe Masters, Enron, Fed, Federal Reserve, Global News, Gold, Government, JPMorgan, Politics, SEC, Silver