Tag Archives: Precious Metals

China’s Gold Fever Rises, Showing No Signs Of Abating

Posted on by

“One traditional narrative on why Chinese consumers buy gold is that it is used heavily for weddings, festivals and gifts. But there are also less-cultural factors, the OpenMarkets report notes.  Gold as a secure haven of wealth and protection against inflation is one motivation, according to the Reuters GFMS research. Rising wealth and urbanization, along with scarce investment options in the countryside, also promote gold hoarding, predominantly by women, according to the research.  Similarly, tight government control over real estate, low interest rates and poor stock markets turn gold into an attractive alternative.”

http://www.ibtimes.com/chinas-gold-fever-rises-showing-no-signs-abating-golden-week-holiday-kicks-1413202

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Jumping Chinese gold imports on pace to 1,000 tonnes

Posted on by

mineweblogo4

“China has imported through Hong Kong 129 tonnes of physical gold in July, from the 113 tonnes it imported in June.  This is the second highest import level on record in a month and a year-over-year increase from 76 tonnes in July 2012. The July imports are also over and above the 518 tonnes of gold imports the nation already brought in the first six months of 2013, according to available data.  The country continues to buy at record levels, importing on an average, over 100 tonnes of gold every month for the last five months. The largest gold ETF in the US holds 919 tonnes of physical gold, and China has imported over two thirds that amount in just seven months.”

http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=204726&sn=Detail

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Downside Resilience, Anyone?

Posted on by

“The chart below graphs the efficient frontier between gold and a basket of currencies (represented by the Inverse US Dollar Index(2) over the past 10 years. Each point on the curve represents a different allocation mix between gold and other currencies. Simply for the purpose of illustration, the blue square on the line represents the optimal mix as defined by the highest return-vs.-risk ratio over the period analyzed. As noted in the movement along the horizontal axis, the optimal mix had lower annualized standard deviation (volatility): roughly half of the volatility of holding gold alone (10.09% vs. 19.80%) and yet realized the bulk of the upside from returns (10.10% vs. 15.87%).”

https://www.internationalman.com/78-global-perspectives/1000-downside-resilience,-anyone

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Thanks, Bloomberg, for More Nonsense About Gold

Posted on by

“Central bankers from all over the world meet regularly in Switzerland, at the Bank for International Settlements, to ‘coordinate’ monetary policy. They sit in a big room in front of a fancy table and discuss what they are going to do. Four men control roughly 75% of the entire world money supply: Zhou Xiaochuan, People’s Bank of China,  Mario Draghi, European Central Bank, Haruhiko Kuroda, Bank of Japan and Ben Bernanke, US Federal Reserve.  Does anyone seriously believe that these four individuals do not operate a common monetary policy? Does anyone believe that any of these individuals have the latitude to go their own way in defiance of the others?”

http://www.thedailybell.com/news-analysis/34653/Thanks-Bloomberg-for-More-Nonsense-About-Gold/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Stefan Molyneux: The Truth About Bitcoin

Posted on by

“Stefan Molyneux looks at the rise of Bitcoin and discusses it’s history, mining, fees, altcoins, regulatory hypocrisy, worldwide awareness, comparisons to gold, anonymous transactions, possible government attacks and what the future holds for the decentralized cryptocurrency.”

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Ex-World Bank Counsel: Lawlessness when USD Loses Reserve Status

Posted on by

“Karen Hudes, a former 20 year employee of the World Bank, contends the U.S. credit rating is on very dubious ground. Hudes says, ‘This is actually an underhanded move because they know the U.S. dollar is going to lose its status as an international currency.’ What would that look like to the man on the street? Hudes predicts, ‘Prices would change on a daily basis. They would double. The number of families that would be employed would be in the minority . . . there would be lawlessness.’ Join Greg Hunter as he goes One-on-One with former World Bank lawyer Karen Hudes.”

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

BitScan’s exclusive Q&A with Roger Ver

Posted on by

“If you look at bitcoin, it has all those same characteristics of gold in terms of it being easily recognizable, easily divisible and similarly, they both have a limited supply and can’t just be made out of thin air. Where bitcoin differs from gold is that it is easily transportable. You can send bitcoins anywhere on the planet instantly basically for free. It is incredibly expensive to ship gold around the world and if you do, you have to trust the shipping company or the delivery company, with bitcoin you don’t have to trust anybody at all. All you do, is send the bitcoins and they have been sent. So bitcoin has gold’s valuable characteristics as money but it is also transportable.”

http://bitscanfeatures.blogspot.com.au/2013/09/bitscans-exclusive-q-with-roger-ver.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Marc Faber on higher education & protecting yourself in economic collapse

Posted on by

“Marc Faber is an economic authority on global macroeconomics, capital markets, and investment and the Editor & Publisher of ‘The Gloom Boom & Doom Report’. He spoke with The Prospect Group about university style formal education, the coming economic collapse, and the options people to preserve their wealth.”

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

The Path to $10,000 an Ounce Gold, Revisited

Posted on by

“Most traders, obsessed with the tiniest tweaks to the monthly rate of Fed printing, are missing the big picture: Credit growth has outpaced the economy’s productive potential, both here and around the globe. Each successive growth spurt in money and credit has a weaker marginal impact on the real economy; this requires permanently easy monetary policy, and perhaps, eventually, a formal devaluation of paper against gold. In his latest Gloom Boom & Doom Report, Marc Faber argues that the Fed has lost control of the bond market. Treasury note yields have doubled from the summer 2012 lows — a development that surely wasn’t part of the Fed’s stimulus playbook.”

http://dailyresourcehunter.com/the-path-to-10000-an-ounce-gold-revisited/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Precious Metals True To Form As Markets Wake To Reality

Posted on by

“As for PMs, the funds and other ‘smart money’ as well as retail investors took the news from the Fed to mean the USD will depreciate against hard assets of all kinds. PM gains of 10-15% were widespread within ninety minutes though most faded toward the close. September 16 nearly all issues gave back significant portions of their gains as the metals indicated that their roller-coaster nature had not gone away. With those postulates in mind, it is useful to look at some of the better companies in the sector to see how they fared the day after the QE go sign flashed. Price action is important in considering what horses you will ride.”

http://seekingalpha.com/article/1704792-precious-metals-true-to-form-as-markets-wake-to-reality

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet