 |
In Order To Socialize Monetary Knowledge |
Poor Man's Gold |
|
|
|
||||||
2012 - 02 - 17: [04:45 pm] Back to sound money: Gold, silver and liberty [05:45 am] Zerohedge: Steve Mandel Rejoins The Gold Party; World Gold Council Chimes In
2012 - 02 - 16: [05:00 am] There might be some truth to that: AngloGold CEO says Warren Buffett just doesn't understand gold and gold investors The good thing about these contrary attitudes towards precious metals between Warren Buffett and the gold/silver bugs is that it's absolutely not necessary to share each others opinion. If Buffett hadn't had a contrary opinion in the 1950's, when everybody but him refused to buy stocks, he wouldn't have become the affluent man he is today. A sophisticated investor knows when it's time to make his own decisions, regardless whether there are other people who share or don't share one's own opinion. [04:30 am] Guest Post: GOLD FIRE SALE - BUY NOW SALE ENDS SOON (by Darryl Robert Schoon) Inverse Lin-omena, the inverse of the Jeremy Lin phenomena where the unknown and previously discounted suddenly rise to prominence; here, the powerful and previously secure suddenly fall. Today, central bankers, the mandarins of capitalism, are in disarray. Their attempts to contain capitalism’s current crisis increasingly resemble the tactics of a defeated army in retreat. Like Napoleon and Hitler’s respective “Moscow moments”, the 21st century economic crisis has brought to an end the bankers’ spectacular 300 year run at the table of power and wealth. The indebting of others as a means of accumulating wealth ends when the indebted can no longer pay what they owe. The arcane and esoteric scribblings of second generation University of Chicago trained economists cannot cover up this basic fact, i.e. that the indebted are broke; and soon, their creditors will be as well. The bankers’ franchise of credit and debt built on a leveraged foundation of paper money fractionally backed by gold allowed the West to accumulate geopolitical power and wealth on a vast scale. That era is now over. It ended when the gold convertibility of the US dollar was terminated in 1971 when the cost of maintaining a global military presence outstripped the ability of the US to pay in gold what it owed on paper. It was as if someone removed a pin from the axle of international commerce when the US dollar was no longer convertible to gold. Previously, the US dollar was linked to gold, and other currencies were linked to the dollar. Everything was stable. It is no longer so. Once the pin connecting gold and paper money was removed, everything changed. The axle of international commerce began to vibrate and lately it’s been getting much worse. The fear is that the wheels are now about to come off. Today’s fragile state of the euro, a fiat currency created in a failed European attempt to compete with and/or replace an increasingly unstable US dollar, is but another indicator that the wheels are now about to come off. After the US ended the gold convertibility of the US dollar in 1971, gold skyrocketed from $35 per ounce to $850 in 9 years, increasing almost 2,500 % in value, dwarfing the later rise of the Dow (from 777 in 1983 to 11,722 in January 2000) a much smaller rise of 1,400 % over almost twice the time (17 years instead of 9). After gold’s spectacular ascent, central bankers decided the price of gold needed to be ‘managed’, as a rapidly rising price of gold signaled that something was fundamentally amiss with the bankers’ fiat paper money, a signal that central bankers did not want sent, a signal that bankers would work exceedingly hard to disguise for the next 40 years. When stocks lose their value CENTRAL BANKERS MANAGE THE PRICE OF GOLD In actuality, central bankers did not work ‘exceedingly hard’ to disguise the real market demand and price for gold. Instead, bankers disguised market demand not by hard work, but by smoke and mirrors, a contrivance common to confidence men everywhere and, today, to central bankers in particular. To suppress the price of gold, central bankers covertly supplied markets with gold bullion belonging to the nations on whose behalf they ostensibly toiled, suppressing gold’s real price with excess supply. This artifice was discovered by Frank AJ Veneroso, an extraordinary financial analyst and consultant well known only in the rarefied circles of international finance, see http://www.venerosoassociates.com/.
According to Veneroso, since the early 1980s central bank gold sales and loans comprised a significant portion of all gold sold. In 1990, Veneroso estimates that 21.5 % of gold sold that year came from central bank vaults; and by 2000, central bank gold sales had increased to over a 1/3 (34.6 %) of all gold sold. Frank Veneroso’s story of central bank manipulation of gold markets is found at http://www.24hgold.com/english/contributor.aspx?article=1192026686G10020&contributor=Frank+Veneroso. With thousands of tons of central bank gold coming onto the market, it’s clear why the price of gold declined from 1980 until 2001. What is remarkable, however, is that in the face of such overwhelming supplies, the price of gold began to rise in 2001. THE TURNING POINT The turning point, however, actually occurred in 1999 and is marked by an event relatively unknown and almost tantamount to financial treason. About that event, I wrote in March 2009: In 1999, it was rumored that investment bank Goldman Sachs had a 1,000 ton gold short position in the markets. Goldman Sachs was betting that the price of gold would continue to fall and they would be amply rewarded for their apparent “risk”. Selling a nation’s gold to save the bankers’ parasitic system is now common practice as the banker’s system continues to collapse and gold continues to rise. Since Gordon Brown sold England’s gold, gold has risen from $275 dollars per ounce to its present price of over $900 despite the thousands of tons of central bank gold sold to prevent its inexorable movement higher. On 2/14/12 gold is $1,715] CENTRAL BANK SALES AND LEASING OF GOLD HAS MADE GOLD AVAILABLE AT FAR BELOW MARKET RATES To hide their burning house of cards, central bankers have sold thousands of tons of gold from national treasuries, mainly Switzerland, to keep the price of gold below what it would otherwise be. This is the true upside (for buyers) of the bankers’ gold suppression scheme.
While citizens cannot prevent central bankers from selling gold from their national vaults, today they are afforded the extraordinary opportunity to buy that very same gold on the open market at prices heavily discounted to their otherwise true market value. My current estimate of today’s true market value of gold—without central bank intervention—is in excess of $10,000 dollars per ounce. Many central banks, however, are today switching sides in the war on gold, preferring to keep their precious metals instead of selling them in an increasingly futile attempt to prevent the inevitable from happening—the collapse of the bankers’ now burning house of cards. Today, the bankers’ fiat currencies are in a death spiral. It’s only a matter of time until the US dollar, the Japanese yen, the British pound and all paper currencies—including the Chinese yuan—come under the same pressure that now plagues the faltering euro. Central bankers, however, will do everything in their considerable power to prevent their lucrative franchise of credit and debt based on paper money from collapsing; and, of late, they’ve discovered a new way to suppress gold and silver—the precious metal inventories of GLD and SLV, the precious metal ETFs used by investors to participate in the rising price of gold and silver. When Europe’s debt contagion spread in the summer of 2011, the price of gold began moving rapidly higher which bankers feared could itself turn into runaway contagion. The below chart shows that GLD and SLV, the ETF funds, were used by central bankers to cap gold and silver prices in mid-August.
Amid growing concerns about Europe’s debt crisis as gold rapidly rose, GLD sold 26.12 tonnes of gold and SLV sold 304 tonnes of silver, driving the price of silver down 8 % although gold rose 4.9 % despite GLD’s considerable efforts to the contrary. That GLD and SLV ostensibly dedicated to profit from the rising price of gold and silver would sell their inventories in a rapidly rising market runs counter to their mandate; unless, of course, they did so knowing that central banks would soon ambush gold and silver with deeply discounted lease rates on precious metals that would cut short gold’s increasingly spectacular rise. Jesse’s Café Americain traces the planned ambush of gold by central banks during their September take-down, see http://jessescrossroadscafe.blogspot.com/2011/09/interesting-series-of-events-at-end-of.html. Gold had risen to a record high, $1900, on September 1st and on September 2nd, central banks then took corrective action, dropping their lease rates for gold sharply lower into negative territory. This meant that central bankers would actually pay bullion banks to borrow their gold and sell it on the open market. The new supplies of gold capped gold’s increasingly steep seven month rise and, by the end of September, the price of gold fell back to $1600. After Sept 2nd, gold lease rates still remained negative, insuring a continued low price for gold even as the European debt crisis accelerated and the global economy slowed. This is exactly what central bankers intended. Gold is a barometer of systemic distress and central bankers wanted to conceal the flames rising from their now burning house. Nonetheless, even with negative lease rates, gold again began moving higher before central banks on February 2nd supplied markets with more gold with again sharply lower lease rates deep in negative territory.
As the bankers’ ponzi-scheme of credit and debt disassembles, central bankers will find it more difficult to contain the price of gold; and when gold does break out—as it will—the price of gold will exceed the $10,000 price it would now command if it were not for central bank intervention. At $1700 gold is cheap; at $3,000 gold is cheap; at $5,000 gold is cheap; at $7,000 gold is cheap. Wait till the central bank sale ends and you will realize how cheap gold actually is. The wheels are now coming off the bankers’ once invincible juggernaut. Whether the out-of-control bankers will crash in a (1) hyperinflationary blow-off, (2) a brutal never-ending deflationary collapse-in-demand or (3) in a fatal bursting of capitalism’s bloated colostomy bag—derivatives—cannot be known But what is known is that the end of the bankers’ monetary fraud is near and its demise closer than most want to believe.
THEY’RE NOT LAUGHING ANYMORE A remarkable blog, www.dailystaghunt.com, reviewed recordings of Fed Open Market Committee meetings between 2000 and 2006 and, interestingly, noted the frequency of laughter during meetings, observing: The number of recorded laughs actually increased in frequency from 2000 to 2006. In 2001, the FOMC erupted into laughter 16.5 times per meeting on average. In 2003, it was over 19. In 2005, 27. And then in 2006, the FOMC burst into laughter nearly 44 times per meeting! As the 2007/2008 financial crisis grew closer, central bankers grew increasingly relaxed and confident; believing their extremely low 1 % interest rates had worked; that they had survived the collapse of the greatest speculative bubble in the US since the 1920s—the collapse of the 2000 dot.com bubble—and all was well. But those in attendance, Greenspan, Bernanke, Fisher, Mishkin, Krozner et. al., were wrong. Their fatally flawed solution to the collapse of the dot.com bubble, low 1 % interest rates, had given birth to an even more dangerous bubble, the 2002-2006 US real estate bubble, the largest speculative bubble in the world whose collapse would bring down the world economy in 2007/2008. Of course, this wasn’t known in 2006. In 2006, central bankers were still laughing. Frequency of laughter during FOMC meetings Data on the frequency of laughter at FOMC meetings after 2006 is not yet available. But it can be assumed the frequency subsided after the massive global credit contraction in August 2007 and after the collapse of world markets in 2008. Note: the possibility that FOMC laughter remained high or actually increased after 2006 is far too macabre to consider. We do, however, await additional data before passing judgment.
Today, central bankers are no longer laughing. Their nights are considerably longer as are their weekends; their daily grocery list might now include quarts of gin and whiskey, prescription anti-depressants and extra-strength deodorant. We are collectively in the end game, a period of great change where the present paradigm is collapsing making way for what is to come. Keep your thoughts positive and focused on what is coming, not the troubled passing of the present world. Let central bankers do that. Note #2: My latest video, What and Who Do Bankers Do (or what I really think about bankers and money). Dollars & Sense show #12, youtube http://youtu.be/hazULFo3oB4 Buy gold, buy silver, have faith. Darryl Robert Schoon
2012 - 02 - 14: [02:15 pm] Jim Sinclair: Gold Heading Back Towards A Monetary System, Not Away [01:45 pm] Julian Phillips: Where you should hold your gold to avoid possible confiscation
2012 - 02 - 11: [11:15 am] Gold keeps looking stronger and stronger: Precious Metals: The Gold Chart That Will Knock Your Socks Off
2012 - 02 - 07: [12:30 pm] 24hGold: Where a nation's gold and your gold should be held [12:30 pm] The debt-based monetary system creates an illusion of wealth: Silver And The Shift To Measuring Wealth In Ounces Instead Of Dollars
2012 - 02 - 06: [03:45 pm] DVD: Gold Rush 2011 conference [03:45 pm] WOW: Silver bullet for cancer
2012 - 02 - 01: [02:30 pm] Financial Sense: The Coming Paradigm Shift in Silver must read A change in mass psychology will play a big part in the market realization of the true fundamental price of silver. Silver will outperform gold in percentage terms as it will be more affordable to the masses. The majority of technical charting and a great deal of analysis on the internet are nothing more than white noise to confuse and frustrate. Lastly, to all the silver investors who are purchasing physical bullion on the dips, remain patient— the silver paradigm shift is coming. [02:30 pm] Casey Research: Gold is the hottest currency in the world [02:30 pm] China Daily: Spring Festival sparks a 'gold rush' in China
2012 - 01 - 30: [03:30 pm] USA Gold: Survivalist George Soros [03:30 pm] They know exactly what to do: Chinese buying gold "like cheap cabbage"
2012 - 01 - 26: [10:45 am] Let's do it now!
[10:45 am] Uses and Sources of Gold: Infographic: A Look At The Gold Tree; Where Gold Comes From and Where It Goes [10:45 am] Gold Videos: GoldSilver Features
2012 - 01 - 20: [06:00 pm] King World News: There will be a run on gold stored in the US [06:00 pm] GoldMoney: Using vaults to store gold and silver [06:00 pm] Yes, we think so: Gold, silver slide; demand in India swells; will China follow? [06:00 pm] We love it, too, because Gold makes us wealthier: "The Chinese really love gold"
New 2012 - 01 - 16: [03:45 pm] The demand for American Silver Eagles and Canadian Maple Leaf coins has increased tremendously over the past several years: Silver Eagle, Maple Leaf Sales Surpass Domestic Silver Production
New 2012 - 01 - 12: [06:15 am] WOW: Are China's gold imports reaching panic proportions?
[06:15 am] Seekingalpha: Record Breaking Sales Of Bullion Coins Continues [06:15 am] Knowledge: All The World's Gold
New 2012 - 01 - 10: [11:15 am] Silverseek: Why silver for a monetary collapse? “We are at the edge of a major economic crisis. Our monetary system is the underlying cause of this major crisis. The massive debt bubble created by our monetary system is about to burst. The demonetization of gold and silver, has over the years diverted value from these metals, to all paper assets (such as bonds) linked to the debt-based monetary system.
New 2012 - 01 - 09: [03:00 pm] If you ain 't wealthy yet, you got to own Silver: Why the wealthy own gold
New 2012 - 01 - 07: [12:00 pm] The US Mint is using up more silver for the silver eagle production than silver is being produced in the US: Are Investors Getting Physical With Gold and Silver? Investors are becoming more interested in physical silver. According to data from the U.S. Mint, American Silver Eagle sales reached a new record of 39.8 million last year. The dramatic shift in physical silver demand is magnified when compared to U.S. silver production data. SilverDoctors explains, “U.S. silver production has declined 50 percent since its high of 70 million ounces in 1997. In 1997 American Silver Eagle sales were 3.6 million, which accounted for only 5 percent of domestic silver production. Contrasted to today, Silver Eagle sales are estimated to reach 40 million while domestic mine supply will decline to 35 million ounces in 2011. Thus, American Silver Eagle sales will be 114 percent of the total U.S. silver supply in 2011, what a difference in 14 years.” Since 1997 the production has risen more than ten-fold. And this is only one of the big mints that exist worldwide. This is a very good piece of evidence to prove that the worldwide sales to investors have increased enormously over the past decade. [05:15 pm] Canadian Maple Leaf sales outperform Silver Eagles in percentage growth: Official Mint Silver Sales Surpass Domestic Silver Production in US & Canada in 2011
New 2012 - 01 - 05: [02:00 pm] Wow: First Time Ever: Silver Sales Surpass Domestic Production [02:00 pm] moneycontrol.com: India gold edges up; physical demand moderates
New 2012 - 01 - 02: [05:15 am] We don't think that this is likely to happen: Could gold confiscation become a reality? [05:15 am] Something positive for silver bugs: Unrestrainedly bullish on gold - even more so on silver: James West
New 2011 - 12 - 25: [11:30 am] Cognitive Dissonance: The Golden End Game - A Thought Experiment - Part Two [11:30 am] Cognitive Dissonance: The Golden End Game - A Thought Experiment [11:30 am] Certainly no mistake: Turkey boosts gold reserves
New 2011 - 12 - 23: [11:45 am] Gold and silver owners will become the new money elite: Gold and silver the currency of the elite in the Great Financial Crisis "The key point is to remember that gold and silver are fractional reserve markets - huge volumes of paper trading versus a much smaller amount of metal - and the theft of futures accounts in MF Global has made the importance of securing physical even more important. The scramble for physical metal is overwhelming these markets and continues unseen. Let me relate a story told by Lindsey Williams about a conversation he had with one of his inside contacts, the late Ken Fromm: "There's only one protection for your assets he said, and that's our currency'. And I said ‘What's your currency?' And he said ‘Gold and silver, that's the currency of the elite." Got gold and silver? If not, get it while you can! It has never been easier to lay the foundation for future wealth and prosperity. [05:00 am] Because it's cheap: Many Investors Receiving Holiday Gift Of Gold Bill Fleckenstein, founder of Fleckenstein Capital, in his latest article in MSN Money, says investors have the opportunity to receive a holiday gift this year, in the form of Gold. Fleckenstein argues that the recent sell-off in Gold has created an excellent long-term buying opportunity for investors. The latest price drop in both gold and silver represents an extraordinary opportunity to add some more physical gold and silver to your existing position. Furthermore you should also think of those people who haven't invested a dime in precious metals yet. Christmas represents a great opportunity to make a present in the form of a gold or silver coin to your beloved ones. Most of the time people are giving each other gifts which are either useless or worthless after a week. Why not giving somebody a present of real value this year, like a silver ounce?
New 2011 - 12 - 22: [01:30 pm] Peak Silver? Only if investors finally start to buy into silver on a big scale: Get Ready For 'Peak Silver'
New 2011 - 12 - 20: [05:00 pm] GoldCore: Robust demand for bullion in Europe, Middle East and China again Professional investors love investing during corrections.
New 2011 - 12 - 16: [05:45 am] It's far from over: Is Gold’s Bull Market Over? [05:45 am] There is no reason to be afraid: Long Term Uptrend In Gold Remains Firmly In Place [05:30 am] For silver bugs: Silver demand growing with old and new uses
New 2011 - 12 - 13: [12:15 pm] Casey Research: Gold: supply crunch? What supply crunch? [12:15 pm] GATA: Indians increasingly monetize gold as collateral for loans [12:15 pm] Telegraph: Chavez flies Venezuela gold home to avoid EU turmoil
New 2011 - 12 - 10: [06:15 am] Video from 1965: DeGaulle on Gold - Predicting the Future [05:30 am] Keep it real, buy physical: Protect Your Assets With Physical Gold Not A Gold ETF [05:30 am] Finally: Venezuela’s second gold shipment reaches home
New 2011 - 12 - 06: [02:45 pm] GoldCore: 'Gold for bonds' in Japan as bond buyers get gold coins [02:45 pm] Where big boys buy Gold: Exclusive – Mark Cutifani CEO of $16B AngloGold Ashanti: “Major Buyers Are Finding It’s Hard To Get Physical Gold” “People are coming directly to us,” for large gold purchases he said. “People who want tonnes of physical gold, people with serious financial muscle…because they’re finding it’s very difficult to secure the volume of gold they want…That’s something we’ve noticed over the last 18 months, and it’s been increasing in the last 6 months. I think people are finding its hard to get physical gold.” [02:45 pm] RunToGold: European bank runs and underestimated physical gold demand
New 2011 - 12 - 01: [01:45 pm] Eric Sprott & David Baker: Start treating your metal as money
New 2011 - 11 - 28: [01:30 pm] This should actually have a positive effect on the price: Central Bank Buying Of Gold Hits Record Pace [01:30 pm] Hopefully: Are the days of gold as collateral getting closer?
New 2011 - 11 - 27: [09:15 am] Now they've got the first part of their gold treasure back: First shipment of repatriated gold lands in Venezuela
New 2011 - 11 - 25: [09:30 am] A fact that is being ignored by many people: Gold: Time Tested Insurance Against A Stock Market Crisis [09:30 am] Like hungry Siberian tigers: Currency Wars - Russia Officially Adds 19.5 Tonnes of Gold Reserves in October Alone
New 2011 - 11 - 24: [04:15 pm] BBC: Illegal gold rush sees Colombia´s drug barons cash in
New 2011 - 11 - 23: [01:15 pm] Royal Canadian Mint’s retail gold fund is an unheralded success: Mint raises $600-million in gold fund IPO
New 2011 - 11 - 21: [05:30 pm] Yes, they will outperform the underlying - probably already in the coming months: Will dividends make mining shares glitter more than gold? It's very important to buy physical Gold and Silver first. If you wanna leverage your portfolio, you got the possibility to invest in mining shares as well - be careful! You must be always well-informed about your investment. [05:30 pm] Good news for Gold bugs: Central banks in gold rush [05:30 pm] We are already prepared: Get ready for extreme money creation globally [05:30 pm] GoldMoney: Investment in gold ETFs hits new record high
New 2011 - 11 - 21: [12:45 pm] Mineweb: India urged to buy more gold as reserve value soars
New 2011 - 11 - 19: [11:30 am] Seems like the gold-seeking business is even more profitable than the drug biz: Colombian cocaine farmers turn to gold-mining
New 2011 - 11 - 16: [03:00 pm] They will be the new elite: New gold bugs are young and restless Indeed, the 25-to-35 year-old age bracket is the firm’s fastest growing segment of buyers, he said. Over the past two months, about half of the hundreds of new accounts opened at his firm were from people in their 20s and 30s, he noted, adding that younger investors are increasingly sophisticated, do not want to repeat others’ mistakes, and are protective of their investments. Said Malik: For them, “it’s not about the risk in gold, it’s the risk anywhere else.” [03:00 pm] Casey Research: Russian central bank aims to buy 100 tonnes of gold in 2011
New 2011 - 11 - 15: [11:00 am] Daily Gold: Gold producers lead while developers and explorers lag
New 2011 - 11 - 12: [06:00 am] From China: Fake Silver and Gold Flood Global Markets; 100,000 Coins From A Single Counterfeiter!
New 2011 - 11 - 10: [04:15 pm] Dollar vs. Precious Metals: Costless, Limitless, Meaningless Money, and the Role of Gold (and Silver) - Part II With all its faults, gold does exercise the only important objective restraint upon that process of evolving a costless and limitless means of payment toward which the banking economy persistently progresses," wrote John Henry Williams, then Harvard professor of political economy [12:30 pm] Silver and the monetary system: Silver: The People's Money
New 2011 - 11 - 09: [02:45 pm] They do it right: Chinese gold demand at record highs [02:45 pm] Good question: Where is Europe's gold? [02:45 pm] GoldMoney: Gold demand growing among institutional investors [02:45 pm] Nice to hear: Silver Eagle bullion sales hit new record in 2011
New 2011 - 11 - 08: [02:15 pm] Jesse: GATA: The Men In the Arena
New 2011 - 11 - 04: [04:30 am] Mineweb: Greece's referendum and the impact on gold currency markets
New 2011 - 11 - 02: [04:45 pm] US: gold and silver investors, pay attention to the sharks: Lessons to Learn - Global Bullion Exchange - Gold and Silver Scam Exposed
New 2011 - 10 - 31: [06:00 am] Some non-western central banks are loading up on gold: Central banks top up gold reserves
New 2011 - 10 - 28: [10:45 am] Video - how the one ton coin was manufactured: Perth Mint Makes World's Largest Gold Coin
New 2011 - 10 - 27: [05:00 pm] Chavez has not yet received the gold: Venezuela scrambles to bring home gold reserves [10:30 am] This was yesterday's headline of the german tabloid Bild: Hands Off Germany´s Gold!!! Some people are starting (very very slowly) to understand the real intrinsic value of gold, but the masses still don't have the slightest clue why a precious metals investment could make sense. This won't change until gold hits $10.000...so their ignorance will cost them a lot of money, since - as always - they'll be the ones to buy at the very top of the bull market.
New 2011 - 10 - 25: [03:00 pm] Mineweb: Indians rush to buy more gold during festive period If any more proof was needed about India's craze for gold, one just has to look at sales in just one city for just one day. Nearly 35 kilograms of gold was sold on a single day on Monday, earning more than $1.8 billion for traders on the highly auspicious Dhanteras, the day preceding Diwali. Indians make the right decision. Let's wait for the American and European Gold rush.
New 2011 - 10 - 21: [05:15 pm] Good news from India: India's gold and silver imports jump 80% to $31.1bn over six months [05:15 pm] The price discount in gold is the most welcome thing to the entire Eastern Hemisphere: China bought massive amount of gold today [05:15 pm] King World News: Sovereign silver buying, middle-east shortages On the heels of KWN reporting the Chinese buying massive amounts of gold yesterday, King World News has now interviewed the “London Trader” to get his take on the situation in silver. The source stated, “The price of silver has no reality to the paper market at all, absolutely zero reality there anymore. There is extraordinarily tight supply right now in Asia. When you order silver there is so little available at these prices, that’s the trouble. You can order it all day long, but you are going to have to wait for it.”
New 2011 - 10 - 19: [04:45 am] Gold Standard Institute: October 15 Issue [04:45 am] Change: Gold in an Era of Global Monetary System Regime Change
New 2011 - 10 - 17: [08:45 am] Zerohedge: Yuan Gold Trading In Hong Kong On 'Triple Demand' ?- China Positioning CNY As Reserve Currency [08:45 am] We always prefer to invest in physical Silver: Physical Silver Or Gold: Which Offers The Best Opportunity Today [08:45 am] Absolutely: Germany should end the secrecy and bring its gold home In recent months I have written to the Deutsche Bundesbank, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System in Washington to ask questions about the gold reserves of Germany. Please keep in mind, we're talking about central bankers - "The last duty of a central banker is to tell the public the truth." -
New 2011 - 10 - 14: [06:00 am] Casey Research: Dubai gold buyers switching from jewelry to bullion Good move.
New 2011 - 10 - 12: [11:15 am] Mineweb: Gold's financial role likely to expand - Lassonde [10:15 am] Interesting point of view regarding a US gold confiscation: Mike Maloney: The Greatest Bubble in History Is at Our Doorstep
[10:00 am] Kondratieff cyle and gold: Ian Gordon: Hedging With Gold Against Imminent Economic Collapse
New 2011 - 10 - 11: [04:15 pm] USA: Silver Eagle Bullion Sales Move into Record Territory [04:15 pm] Ed Steer: Gold Rush in India Has Now Become a Sprint [01:45 pm] Zerohedge: Gold Support at 144 Day Moving Average at $1,603; Chinese Gold Demand “Extremely Strong”
New 2011 - 10 - 10: [11:45 am] There are a couple of options and you should find out which one fits best for you: Where Should You Store Your Gold?
New 2011 - 10 - 09: [06:15 am] ArabianMoney: It’s the money supply stupid, what some investors still don’t get about gold and silver [05:15 am] For silver-bugs: Silver is as good as - or better than - gold [05:15 am] Silverbear: The Nature of Money and our Monetary System
New 2011 - 10 - 08: [05:30 am] Bloomberg offering some advice on how to store your precious metals: Hiding Gold in All the Unusual Places
New 2011 - 10 - 06: [02:00 pm] A worldwide silver shortage? Physical silver running out because its spot price does not reflect true investment demand
As it stands today, there are an unbelievable amount of physical orders that have not been filled. Some of the buyers might have believed there would be more downside action. When gold was briefly down at $1,530, almost no one got any physical gold. No one was even getting fills at $1,585 on the second and third dip, the orders down there were not filled. Those physical buyers are watching right now and if they lose patience, they may very well move their orders higher. If that turns out to be the case, it will put even more pressure to the upside in gold.” As soon as the media starts to report on this whole fraud, that people do not get the physical silver they ordered, the cartel will collapse because literally everyone will want to take delivery of the physical metal. That's what the whole suppression is actually about, not delivering silver, just moving it from one owner to another on a piece of paper. However, this fraud must come to an end and that'll be the day when you have to put the comma at least one place to the right. [11:15 am] Mineweb: Analysts mostly unfazed by gold price volatility and raising 2012 forecasts [11:15 am] Mineweb: Yesterday's Top Story: Silver Eagle bullion coins sales headed for another record-setting year
New 2011 - 10 - 05: [01:45 pm] Financial Sense: Precious Metals may be best asset to own in a financial crisis [12:30 pm] Mike Maloney: Troubling Trends in Regulations Affecting Gold & Silver Investors The reason why Goldmoney locked out all clients from the Netherlands. this digital gold firm was "offering investment objects in the Netherlands without a licence" in breach of Section 2:55 of the Netherlands Financial Supervision Act. It has nothing to do with gold, but with the licensing of investment objects in the Netherlands. The following piece of information is wrong: Austria recently announced a maximum of 15,000 euro purchases for precious metals per transaction, which is approximately 12 ounces of gold or 600 ounces of silver bullion. The 15.000 euro barrier only applies to the precious metals buyer who wants to buy gold/silver anonymously, but in principle you can buy as much PM as you want to, only thing that is required is your identity.
New 2011 - 10 - 04: [01:30 pm] There is a huge demand for physical PM throughout the entire world at the moment: Asian Demand 'Insatiable' as Western Gold Moves East, 2011 US Mint Silver Set To Have Bigger Sales Than ’86 to ’92…, London Trader - Physical Demand for Gold has Been Insatiable “There is also strong demand from India. If we get a pit close above $1,705, there are a massive amount of shorts that will be tripped up and be forced to cover. This will give additional impetus to the upside. So the Western central banks got together, leased out some gold and the bullion banks sold the gold. The central bank gold being unloaded by the bullion banks is not to get the best price, but to smash the price. The smartest way to sell the gold would be to do it in the liquid sessions. But the pattern during the decline was they were selling it in the overnight session when things are quiet. This was no different that what we saw at the end of April, beginning of May on that coordinated smash. You have to ask the question, why would anyone sell at the most illiquid times? It is not to get the best price, it is to move the market in the direction you want to move it. The commercials are now competing with funds that are coming in to buy and they are continuing to compete with the physical buyers and those buyers have been accumulating in size during the entire decline since gold dropped below $1,775. As it stands today, there are an unbelievable amount of physical orders that have not been filled. Some of the buyers might have believed there would be more downside action. When gold was briefly down at $1,530, almost no one got any physical gold. No one was even getting fills at $1,585 on the second and third dip, the orders down there were not filled. Those physical buyers are watching right now and if they lose patience, they may very well move their orders higher. If that turns out to be the case, it will put even more pressure to the upside in gold.” Phsyical demand is huge while the paper price of gold got knocked down heavily. That's kind of contradictory to some extent. But hey, we don't care about it anyways, since we know that the price manipulation will come to an end, sooner or later. Luckily, we do have the time to sit things out. [12:00 pm] Zerohedge: Indian Silver Demand Leads to Supply Issues, Capacity Stretched, Higher Premiums - Asian Bullion Demand Remains Strong
New 2011 - 10 - 03: [06:00 am] Video: History of Money: The Money Masters 1/2 [06:00 am] The sheiks are getting on the gold train - big time: Qatari wealth fund plans $10bn gold buying spree
New 2011 - 09 - 29: [06:30 am] BullionVault: Fall in gold and silver price meets "strong momentum" in Asian buying [06:30 am] Financial Sense: Ross Beaty: silver demand defies conventional economic logic [06:30 am] The idea of peak everything has made a comeback over the last ten years, and it may not be a coincidence that this discussion has paralleled the rising prices of many commodities since 2000: Peak silver? So, while we may not have achieved peak silver, the white metal is by no means abundant. And I still don’t think that most people appreciate its rarity. [06:30 am] GATA: The Chinese mean to control the global gold market [06:30 am] It is with tremendous regret that I am writing to inform you of our recent decision to discontinue offering our services to all customers resident in the Netherlands: GoldMoney closing all Dutch accounts
New 2011 - 09 - 28: [04:45 am] Ain't there enough physical Gold? Seems Like Mexico Purchased 110 Tons Of Gold That Don't Exist A few months ago, the business news headlines were filled with stories about the "purchase" of large tonnages of gold by emerging world central banks. Among these banks was the Bank of Mexico, which supposedly purchased 110 tons over a very short period of time. To those of us who observed the market closely, those alleged purchases never seemed to have any impact, and the market seemed completely led by private buying interest and nothing else. This was very strange given that such huge purchases were supposedly made. The price of gold did go up quickly, but it in a way that did not seem to involve emerging market central bank purchases at all.
New 2011 - 09 - 27: [04:45 pm] German Order volume for physical precious metals @ absolute record levels If you aren't speaking german (and we suppose you aren't), we'd like to summarize the most important facts from the below excerpt for you, published by one of the most important German precious metals online shops, westgold.de: - this monday (September 26) was the day with the hitherto highest sales in the history of the company - the former sales peak was exceeded by around 50% and absolute capacity limits were reached - telephone communication temporarily collapsed - demand in the entire market is about 200 to 300% above the average of the past years - the seller-to-buyer ratio is currently at about 1:20 (while it was somewhere between 1:4 to 1:8 over the past weeks) Pretty incredible numbers from Germany.
[04:00 pm] The Asians are also on the buying side, strong as ever: Gold buyers rush in after price slump
Previous posts: Jan 01 until Sep 16 (2011)
|
|
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)