What Percentage of My Assets Should I Hold in Precious Metals?

“Your core position is something you hold for the long term, or until you experience a significant reduction in your assessment of the probabilities of your worst-case scenarios coming true or the utility of gold and silver in those cases. An investment position in gold and silver or related equities is something you hold as part of a commodities position in a balanced portfolio or because you consider the investment opportunity attractive. This portion of your portfolio is designed to grow your assets and to protect your purchasing power in scenarios other than the worst-case scenarios. The ideal investment position is held in bullion and or funds and stocks with excellent governance and management.”

http://www.thedailybell.com/editorials/34782/Catherine-Austin-Fitts-What-Percentage-of-My-Assets-Should-I-Hold-in-Precious-Metals/

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What Turbulent Times Mean for Gold

“In each and every one of those instances, and countless others, government crossed the line and invaded the private sector first, confiscating wealth to pay for its mistakes to desperately try and survive.  In times like those — the times we are now entering — the single best thing you can do is to think independently.  Question everything governments say and do. They will be acting entirely out of self-interest. They will deceive you, lie to you, all the while they are reaching into your back pocket to grab what they think is theirs. Fortunately, today we have a slew of liquid markets where you can protect yourself and even grow your money. But, again, it all depends on your ability to think for yourself.”

http://www.moneyandmarkets.com/what-turbulent-times-mean-for-gold-56556

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Bill Bonner: Three Major Market Events That WILL Happen

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“Thanksgiving is now out of the way. We can move on to Christmas. And New Year’s Eve. And then 2014. And 2015. And onward into the future!  But what’s in the future? If only we knew…  Making predictions is tough… especially when we have no idea what to expect.  But wait… Some of the most important things we will see in the future have already happened many times.  Yes, dear reader… your editor is going way, way out on a very solid limb. He has identified three things that WILL happen. No doubt about it. He guarantees it.”

http://www.bonnerandpartners.com/three-major-market-events-that-will-happen/

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UK Royal Mint Working On Plans To Issue Gold-Backed Physical Bitcoins

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“The implicit, and ever more explicit, institutional acceptance of the dominant cryptocurrency Bitcoin continues when following the surge in vendors willing to transact in BTC over Thanksgiving, the latest news comes from the birthplace of the modern central bank, the UK, where we learn that none other than the UK Royal Mint has been working on plans since this summer to issue physical Bitcoins in collaboration with the Channel Island of Alderney.  The same symbolic Bitcoin token issued by the Royal Mint ‘would have a gold content so that holders could conceivably melt and sell the metal if the exchange value of the currency were to collapse.'”

http://www.zerohedge.com/news/2013-12-01/uk-royal-mint-working-plans-issue-gold-backed-physical-bitcoins

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The Aden Sisters on Gold, Commodities and Near-Term Market Prospects

“We spoke a lot about gold and silver with the Aden sisters here because they are known in part for their precious metals insights. But it is interesting to see that they have 50 percent of their assets in the stock market itself and believe the market could continue its rise.  We do, too.  There will be no significant tapering, from what we can tell.  Janet Yellen, the next Fed head, has expressed a determination to continue stimulation until the job picture brightens (which likely will never really happen). In England, Mark Carney – the Carney barker – has indicated via forward guidance that the BOE continues aggressive monetary stimulation.”

http://www.thedailybell.com/exclusive-interviews/34790/Anthony-Wile-The-Aden-Sisters-on-Gold-Commodities-and-Near-Term-Market-Prospects/

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Gold suffers worst November since 1978

“A price fall of such magnitude hasn’t been seen in November since 1978, according to data from the World Gold Council, when prices plunged 20 percent.  Spot gold rested at $1,252 an ounce on Friday and was headed for its biggest monthly drop since June. It has lost over a quarter of its value year-to-date, putting it on track to post its first annual loss in 13 years.  Citi said this month that gold was about to enter ‘phase two’ of its bear market and its downside target for the metal is now $1,111 per ounce. Goldman Sachs, meanwhile, predicts a ‘significant decline’ in gold in 2014, with a fall of at least 15 percent.”

http://www.cnbc.com/id/101235384

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London Gold Fix Calls Draw Scrutiny Amid Heavy Trading

“Every business day in London, five banks meet to set the price of gold in a ritual that dates back to 1919. Now, dealers and economists say knowledge gleaned on those calls could give some traders an unfair advantage when buying and selling the precious metal. The U.K. Financial Conduct Authority is scrutinizing how prices are set in the $20 trillion gold market, according to a person with knowledge of the review who asked not to be identified because the matter isn’t public.  The process, during which gold is bought and sold, can take from a few minutes to more than an hour. The participants also can trade the metal and its derivatives on the spot market and exchanges during the calls.”

http://www.bloomberg.com/news/2013-11-26/gold-fix-drawing-scrutiny-amid-knowledge-tied-to-eruption.html

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Silver & Gold: When Money Is Corrupted – Hidden Secrets Of Money 5

“Welcome to the 5th episode of Michael Maloney’s Hidden Secrets Of Money. In this instalment, we travel to Berlin and Frankfurt, where we were able to film the money museum inside the Bundesbank…one of the world’s largest Central Banks.  This episode serves as an ideal primer for those waking up to the monetary matrix around them, as it clearly shows the history of true money and why it so important to our freedom. The quality of a society is directly proportional to the quality of its money. Debase a currency for long enough, and you end up with dangerous deficits, debt driven disasters, and eventually…delusional dictators. History proves this to be true.”

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Ed & Ethan 86 Bountiful Baskets of Bitcoin Banter, Blather, and Bluster.

“Well, we had a veritable cornucopia of stories lined up for this week but the Bitcoin bug bit us and bit hard.  After hearing Peter Schiff talk about how Bitcoin is a Ponzi Scheme, we decided to book him for a quick back and forth that turned into an entire segment! We couldn’t let it go and turned to Erik Voorhees, a Bitcoin business rockstar and eloquent defender of the world’s leading cryptocurrency to take on some common myths pushed by Peter during our second half.”

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Jim Rogers Exclusive Interview: QE, currency wars, inflation and gold

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