Apr 03


28.03.2015

Description:

Max Keiser and Stacy Herbert discuss the hell (of a profit) to be made by killing a man – and his family – as Lockheed Martin assures analysts from Deutsche Bank there is enough fear of war to maintain its deadly sales. In the second half, Max interviews Swiss banker, Egon von Greyerz about QE, gold and the economic and financial disasters wrought by central banks. Continue reading »

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Mar 31

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Mar 31

Gold-101

Gold In Fed Vault Drops Under 6,000 Tons For The First Time, After 10th Consecutive Month Of Redemptions (ZeroHedge, March 31, 2015):

Two months ago, when looking at the most recent physical gold withdrawal numbers reported by the Fed, we observed something peculiar: between the publicly reported surprise redemption by the Netherlands (122 tons) and the just as surprise redemption by the Bundesbank (85 tons), at least 207 tons of gold should have vacated the NY Fed’s gold vault. Instead, the Fed reported that in all of 2014 “only” 177 tons of gold were shipped out of the massive gold vault located 90 feet below 33 Liberty Street. Somehow the delta between what we “shipped” and what was “received” in the past year was a whopping 30 tons, or about 15% of the total – a gap that is big enough to make even China’s outright fraudulent trade numbers seems sterling by comparison.

This prompted us to ask: Continue reading »

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Mar 29


28.02.2015

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Mar 28

Worlds-biggest-gold-coin-Australian-Kangaroo-1-Ton


 

Peak Gold? Goldman Calculates There Is Only 20 Years Of Gold Supply Left (ZeroHedge, March 27, 2015)

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Mar 28

Gold-101

Gold Prices Will Hit Record On Surging Asian Demand, ANZ Says (ZeroHedge, March 19, 2015)

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Mar 26

As I’ve said many times before:

“Only physyical gold and silver are real.

Everything else is an illusion.”

Paper investments in gold and silver will not be covered and there is a bloodbath coming.

The coming crisis will make 2008 look like a walk in the park.


 

gold-trap

Madness Coming To Gold Market: “There Are Thirty to Fifty Owners For Each Ounce of Gold That’s Out There” (SHFTplan, March 25, 2015):

Though the price of gold has seen a significant drop over the last two years from it’s all time highs of about $1900 per ounce, many experts and analysts believe that western central banks and their colleagues at major financial institutions have been manipulating the price. The rampant manipulation is believed to stem, in part, from the formerly Rothschild owned London Gold Fix, an organization made up of five large banks that make a daily determination of what the price of gold should be.

It is this unilateral control by western banks that recently prompted the Chinese to create their own Shanghai Gold Exchange. What separates the two is that the Chinese will be using their currency, the Yuan, as the reserve rather than the U.S. Dollar. Moreover, unlike their European counterparts, the Chinese will be trading in actual physical dollars.

The Daily Coin explains: Continue reading »

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Mar 23

No Cash Accepted

Fighting The “War on Terror” By Banning Cash (Mises Institute, March 22, 2015):

It was just a matter of time before Western governments used the trumped up “War on Terror” as an excuse to drastically ratchet up the very real war on the use of cash and personal privacy that they are waging against their own citizens.

Taking advantage of public anxiety in the wake of the attacks on Charlie Hebdo and a Jewish supermarket, France has taken the first step.  It seems the terrorists involved partially financed these attacks by cash, as well as by consumer loans and the sale of counterfeit goods. What a shockeroo!

The terrorists used CASH to purchase some of the stuff they needed–no doubt these murderers were also shod and clothed and used  cell phones, cars, and public sidewalks during the planning and execution of their mayhem.   Why not restrict their use?  A naked , barefoot terrorist without communications is surely less effective than a fully clothed and equipped one.

Despite the arrant absurdity of blaming cash and financial privacy for these crimes,  French Finance Minister Michel Sapin brazenly stated  that it was necessary to “fight against the use of cash and anonymity in the French economy.” Continue reading »

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Mar 22

Gold-101

keep-calm-buy-gold

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Mar 17

Irish Finance Minister Dumps Stocks - Buys Gold

Irish Finance Minister Dumps Stocks – Buys Gold (ZeroHedge, March 16, 2015):

Ireland’s Minister of Finance shifted personal wealth out of stocks and into gold
– Minister invested in SPDR Gold Shares ETF, Portuguese government bonds and other ETFs
– Maintained holdings in bank and agricultural commodities ETFs
– Gold ETF not a safe haven asset – much unappreciated counterparty risk

The Minister for Finance in Ireland, Michael Noonan, sold his shares in funds that track European and US stocks and diversified his portfolio including allocating some of his personal wealth into a gold exchange traded fund (ETF) in 2014. Continue reading »

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Mar 13

china-gold

The New London Gold Fix And China’s Gold Strategy (ZeroHedge, March 12, 2015):

China now has the opportunity to take a dominant role in London, without having to direct its order flows through the fixing banks. Therefore, it is no exaggeration to say that from 20th March, China will be able to control the global physical gold market, which will permit her to manage the price. She has the deepest pockets, backed by the largest single stockpile.

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Mar 11

From the article:

“Reuters reported that Venezuela’s central bank is in talks with Wall Street banks to create a gold swap that would allow it to monetize some $1.5 billion of the metal held as international reserves, according to government sources familiar with the operation.”

If true, then you know now who really is in control in Venezuela.


Venezuela gold

Venezuela Begins Liquidating Its Gold (ZeroHedge, March 11, 2015):

Yesterday we reported that in retaliation to the latest Obama executive order which declared Venezuela a national security threat and ordered sanctions against seven officials, Maduro promptly took advantage of this “outside threat” to rally his toilet paper-starved population “around the flag”, and while pointing at the “evil imperialist” Obama, granted himself even greater authoritarian powers: “I have put together a special law that gives me special powers to preserve the peace, the integrity and the sovereignty of the country before any situation that presents itself due to this imperialist aggression.Continue reading »

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Mar 09

How The World Is Being Fooled About Chinese Gold Demand (BullionStar, March 8, 2015):

There is a story being told to the masses about Chinese gold demand that is grossly incorrect. The huge discrepancy between numbers from the World Gold Council (WGC) and actual gold demand is so wide yet cunningly hidden I must conclude there is essential information about physical gold demand deliberately kept privy.

Let’s go back to April 2013; the price of gold made a nosedive, which spawned an unprecedented physical buying spree across the globe, most notably in China. Withdrawals from the vaults of the Shanghai Gold Exchange (SGE), that equal Chinese wholesale demand, closed at 2,197 metric tonnes December 31, 2013, up 93 % y/y. Continue reading »

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Mar 08

North Korean Diplomat Caught Smuggling 27 Kilos, Or $1.7 Million, In Gold (ZeroHedge, March 8, 2015):

To some, gold is merely a tradition; to others, such as the first secretary of the North Korean embassy in the capital of Bangladesh, it is one of the easiest ways to smuggle $1.7 million. Or at least should have been on paper. Instead, what happened on Thursday night when Son Young-nam landed in Dhaka on a flight from Singapore, carrying a ridiculous amount of physical gold and hoping to get through customs without a glitch due his diplomatic status, things went downhill fast.

According to the BBC reports, Young-nam’s baggage was searched and almost 27 kilos, or 59 pounds, of gold bars and ornaments were recovered.

gold brick_0

Initially the diplomat refused to allow customs officers and police to examine his luggage. “He insisted that his bags cannot be scanned because he’s carrying a red passport and he enjoys diplomatic immunity,” Moinul Khan, head of Bangladesh’s customs intelligence department told AFP.

Then “after more than four hours of drama, he gave in and we found gold bars and gold ornaments weighing 26.795kg (59lb), which is worth 130 million taka.” Or about $1.7 million dollars. Continue reading »

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Mar 06

PDAC, THE Epitome Of Mining Ineptitude (Gold-Eagle, March 5, 2015):

Let’s start with the craziest coincidence of my lifetime; which say what you will, I consider a positive omen for things to come. Not for the dying global economy and monetary system, of course, but beleaguered “gold bugs” that have spent the past four years being unjustly “punished” for being correct in their prognostications, and protecting themselves accordingly. Which is, an article by Charles Hughes Smith – which frankly, has little to do with what I typically write about – titled “the three acronyms that best describe this era – TINA, TANSTAFFL, and FUGAZI. Well, I don’t know much about TANTSAFFL, but I do know this much. When I met my wife-to-be back in New York in the year 2000, it was via the introduction of a mutual friend named…drum roll please…Tina Fugazzi. Yes, I know she has two z’s in her name, but it’s close enough. And thus, my friends, the rare article that starts positively! Continue reading »

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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 »

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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 »

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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 »

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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 »

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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.

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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 »

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