Tag Archives: Precious Metals

Why This Technology Is The Future Of Asset Internationalization

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“One of bitcoin’s biggest benefits as an option for internationalizing one’s assets is that it exists only as an abstract computer-driven file. This makes the coin exceedingly durable and easy to transport (or recover) anywhere in the world.  In other words, you don’t have to bury a few bitcoins in the backyard, and then dig them up on the offchance you need them, like with gold and silver. Bitcoins are much less bulky than precious metals, a major convenience.  Plus, nobody wants to board plane-after-plane to get a considerable amount of gold out of the US. That bitcoin is not tangible bestows upon it special properties. Special properties that neither gold nor silver demonstrate.”

http://dollarvigilante.com/blog/2014/1/20/why-this-technology-is-the-future-of-asset-internationalizat.html

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The Hows and Whys of Gold Price Manipulation

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“This manipulation by the Fed involves the short-selling of uncovered Comex gold futures. ‘Uncovered’ means that these are contracts that are sold without any underlying physical gold to deliver if the buyer on the other side decides to ask for delivery. This is also known as ‘naked short selling.’ The execution of the manipulative trading is conducted through one of the major gold futures trading banks, such as JPMorganChase, HSBC, and Bank of Nova Scotia. These banks do the actual selling on behalf of the Fed. The manner in which the Fed dumps a large quantity of futures contracts into the market differs from the way in which a bona fide trader looking to sell a big position would operate.”

http://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipulation/

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Indian government seeks gold purchase information from jewellers

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“The government has asked jewellers to provide information on purchases of gold bars or jewellery worth more than 500,000 rupees by the end of this month, a move seen keeping a check on big transactions amid rising smuggling.  India has been trying to curtail shipments of gold, the second-biggest import bill after crude oil, as it seeks to curb a gaping trade deficit. The country last year raised import duty to 10 percent and tied gold imports to jewellery exports. As a result, jewellers have been forced to depend on recycled or smuggled gold to meet demand.”

http://in.reuters.com/article/2014/01/15/india-gold-idINDEEA0E0CB20140115

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German Gold

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“What really happened to the German gold housed in the United States?”

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Goldman Predicts More Gold Manipulation?

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“We live in a central banking era – one that has never occurred before. A handful of men have the power to manipulate markets on a global scale. Four central bankers control some 70% of the circulating money supply – the US, the EU, China and Japan. It is in Switzerland under the watchful eye of the BIS that these bankers come together to ‘coordinate’ the market. They are running a legalized money cartel and use their state-derived powers to justify all sorts of interference in the market. Goldman Sachs, of course, is a main servant of this sort of money power. There’s a good chance that Currie may know something the rest of us don’t.”

http://www.thedailybell.com/news-analysis/34931/Goldman-Predicts-More-Gold-Manipulation/

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The Advantages of Bitcoin Over Paper Money and Gold

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“While there are plenty of people out there who are pointing out that Bitcoin will offer strong competition for the likes of PayPal, Western Union, and even Visa, this kind of statement misses the point. It is true that the Bitcoin protocol could be used to replace these companies at nearly no cost, but bitcoins, the currency, are going head-to-head with gold and fiat money. Bitcoin is both a currency and a payment system, and not many people would dare say that there has ever been a more efficient payment system ever created. The only real question left is whether or not bitcoins, the currency, will be able to take a share of the world currency market.”

http://voices.yahoo.com/the-advantages-bitcoin-over-paper-money-gold-12478979.html

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Bank of Canada’s gold coins to be liquidated in balanced budget push

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“Canada’s first gold coins had barely been minted before Ottawa yanked them out of circulation a hundred years ago in an effort to stop gold from leaving the country during the First World War.  After a century of sitting in cloth bags inside the Bank of Canada vault, they are among a wide range of assets the Conservative government is liquidating – in this case literally – to save taxpayers a few dollars and help balance the books. The plan is to melt down more than 200,000 gold coins from the years 1912 to 1914, when Ottawa suspended the gold standard.  The sale is among a string of recent moves by the federal goverment to unload public assets as it moves to balance the books by 2015.”

http://www.theglobeandmail.com/news/politics/bank-of-canadas-gold-coins-to-be-liquidated-in-federal-push-to-balance-books/article16141316/

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Why Rising Rates Will Be Good for Your Investments

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“The notion that rising interest rates will kill equity market gains, particularly in the U.S. … or choke off a real estate recovery … or kill the gold market for good — is a myth. Period.  It might be true if interest rates were at record highs and well above the rate of inflation. But they are not. Interest rates are coming off historic record lows in many parts of the world, and they are far below the rate of inflation.  That’s important to understand. As rates rise from historic levels — whether or not the Federal Reserve does any further tapering of its bond purchases — many investors will run for cover. But the only market rising interest rates will truly hurt is the value of sovereign bonds.”

http://www.moneyandmarkets.com/why-rising-rates-will-be-good-for-your-investments-57462

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Kerala India Group Wants Wedding Gold Limits

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“The women’s commission of India’s Kerala state is seeking to limit the amount of gold given at weddings to no more than 80 grams to reduce the burden on families and help ease India’s trade deficit. Most Indians see gifts of gold, mostly jewellery, from the bride’s family to the groom as auspicious for a marriage, helping to ensure financial security. But grooms have been seeking increasing amounts of gold as rising duties and restrictions on imports have led to a shortage in India, the world’s second-largest gold consumer after China.”

http://www.thedailybell.com/news-analysis/34925/Kerala-India-Group-Wants-Wedding-Gold-Limits/

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Contrarians’ Wildest Dream Coming True

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“At the end of 2013, the sector with the highest level of pessimism, as measured by SentimenTrader, was the gold industry. It actually registered ‘zero’ in mid-December. Meanwhile, P/E ratios of the 15 largest gold producers are at their lowest level in 14 years, and less than half what they were when the bull market got under way in 2001.  The ratio of gold to the S&P 500 Index is currently at 0.66, its lowest level since the market meltdown of 2008.  The next chart, from our friend Frank Holmes at US Global Investors, measures gold’s 60-day percent change in standard deviation terms. It shows the metal’s actual gain or loss in relation to its average price change—and it’s never been this low.”

http://www.caseyresearch.com/cdd/contrarians-wildest-dream-coming-true

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