Wednesday, June 30, 2010
Time to shut down the US Federal Reserve?
Kartik Athreya, senior economist for the Richmond Fed, has written a paper condemning economic bloggers as chronically stupid and a threat to public order......read on
Web of Debt
The latest Keiser report discusses the latest news and interviews author Ellen Brown -----> view here
Tuesday, June 29, 2010
Gold Connection in the Russian Spy Ring Case
Gold & Silver price patterns
Latest analysis from Davis Lenstien ----> read here Remember if you want to purchase physical gold or silver bullion visit us at: Australian Bullion Company and we can tailor a solution that meets your needs and location.
Monday, June 28, 2010
Gold is working as Money
Interview with Robin Griffiths: Robin has 44 years investment experience and is considered to be one of the top strategists in the world. Robin developed his own system, analyzing stock and market trends. He is followed globally because of his ground breaking work on world stock markets, bonds, currencies and commodities. ----> listen here
Sunday, June 27, 2010
Silver rarer than Gold?
Robert Kiyosaki of Rich Dad Poor Dad fame discusses the merits of buying Silver over every other asset. Makes sense, try to name another asset that is less than half it's all time high of the 70's bull market and that is nominal dollars not inflation adjusted dollars.
As Gold Hits Record, Central Banks in Focus
Russia's central bank, one of the world's largest holders of foreign-currency reserves, trimmed its currency reserves by $6.6 billion in May, according to data on the bank's Web site, but increased its gold reserves by $1.8 billion. Last week, an Iranian news agency said the country had begun switching €45 billion of its foreign-currency reserves into gold......read on
Gold rush to begin once again in India
Commodity Online
Indian equity markets are showing signs of higher volatility and hinting at consolidation from its current levels primarily on the back of overseas economic concerns, the gold prices are once again believed to scale up to make newer highs in near future.....read on
Gold on longest winning streak since 1920
Gold rose to a record in London and New York as investors bought the metal to protect wealth from Europe’s financial turbulence and on concern that the economic recovery isn’t as strong as expected……The metal’s “unique property as the ultimate safe-haven currency is making gold an attractive investment,”….. Gold, up 15% this year, is heading for its 10th consecutive annual gain, the longest winning streak since at least 1920. Bullion has outperformed other commodities as global equities slipped, and this month reached all-time highs....read on
Saturday, June 26, 2010
Germans queue to buy gold
Deutsche Welle radio report about Germans from all ages and backgrounds queuing to buy gold in Berlin. The falling Euro is threatening the loss of purchasing power and in response the people are turning to the one item that has kept it's purchasing power for thousand of years. Listen to the report ---> here
Dollar swapping and its impact on the Gold price
This is history in the making, a highly important chapter of history being written before our eyes. This is World War in Finance with the AngloSphere under great pressure of losing its hegemony in the control of global financial structures. Entire national economies are at high risk. These are historic times......read on
Can the Euro Survive a Sovereign Debt Crisis?
Latest essay from Martin Armstrong. Read here (tip for reading: click on link, then print the PDF....much easier on the eyes, also makes a it good bedtime read).
Background on Martin Armstrong - Martin is genius in the field of cycle theory. Unfortunately for Martin like many geniuses before him such as Plato, Galileo, Copernicus and Darwin he tells us what we need to know, but often what we do not want to hear. As a result his recent life has been made extremely difficult (hence his unique writing and publishing style).
If you wish to read more from Martin Armstrong, his earlier essays can be found at:
http://www.martinarmstrong.org
Is Gold in a Bubble?
Jeff Clark, Senior Editor, Casey’s Gold & Resource Report:
While a few mainstream outlets are coming around to at least acknowledging gold’s stellar run, most remain skeptical or outright bearish. And the blasphemy they purport is that gold is in a bubble....read on
Gold reclaims its currency status as the global system unravels
Albert Edwards from Societe Generale says the Atlantic region is one accident away from outright deflation - that 9th Circle of Hell, "abandon all hope, ye who enter".......read on
Friday, June 25, 2010
Silver to out perform Gold?
Silver will outperform gold as the yellow metal becomes ever more expensive and investors focus on silver’s industrial demand.....read on
Keiser Report: Gold & the Poverty Industry
An excellent introduction to the Keiser Report, a twice weekly economic discussion and interview satellite TV show on RT. RT is Russia's version (in English) of BBC World....view here
Chinese demand for gold to double within 10 years - WGC
Chinese demand for gold to double within 10 years - Latest World Gold Council analysis suggests medium term outlook for Chinese gold mining supply will be challenging Chinese gold demand growth expected to outstrip domestic supply......read on
Strong gold demand seen in 2010
JEDDAH - The World Gold Council (WGC) expects that demand for gold will be strong during 2010.....read on
Rise Of The New Gold Rush
They called us "kooks" and "crackpots". They said our ideas were outdated and incompatible with modern finance. They said it wouldn't last. Oh yes, Gold, they said, was a silly investment with no inherent value, and soon, precious metals investors would be "wiped out" by the "inevitable implosion of the gold bubble" (gold bubble....?)......read on
Mum's the Word
Veteran Silver market commentator and activist Ted Butler's latest essay on possible Silver market manipulation (note: Ted's comments are his own and are in no way endorsed by Australian Bullion Company, they are provided for purely information purposes).......read on
Thursday, June 24, 2010
Brown's Bottom
Lets take a retrospective look at the early days of the current bull market in gold. The start of the current run up in gold is usually associated with an event that has become known as "Brown's Bottom".
In 1999 Gordon Brown the then Chancellor of the Exchequer (the equiv. of the Treasurer in Australian terms) sold half of Briton's gold reserves, over 400 tonnes, for a multi-decade low of approx US$250/oz. That insane and possibly politically corrupted decision has cost UK citizens billions of pounds in lost value since 1999, and the losses are increasing, seemingly on a daily basis as much of the cash raised by the gold sales was used to purchase Euros as an alternate reserve holding to gold.
The following video is from the visionary documentary maker and former stock broker, Max Keiser.
In 1999 Gordon Brown the then Chancellor of the Exchequer (the equiv. of the Treasurer in Australian terms) sold half of Briton's gold reserves, over 400 tonnes, for a multi-decade low of approx US$250/oz. That insane and possibly politically corrupted decision has cost UK citizens billions of pounds in lost value since 1999, and the losses are increasing, seemingly on a daily basis as much of the cash raised by the gold sales was used to purchase Euros as an alternate reserve holding to gold.
The following video is from the visionary documentary maker and former stock broker, Max Keiser.
Is Saudi Arabia also stocking up on silver as well as gold?
News that Saudi Arabia has secretly doubled its official gold reserves over the past few years should come as no surprise to readers.....read on
Tuesday, June 22, 2010
Saudi gold reserves over twice previous estimate
AP Business Writer, CAIRO (AP) — Saudi Arabia's central bank holds more than twice the amount of gold previously estimated......read on
Friday, June 18, 2010
Fifty Years Of Suppressing Silver
by Jeff Nielson: Sophisticated precious metals investors are well-aware of the rampant manipulation of the gold and silver markets. They are also generally aware of the reason for such manipulation. A rapid rise in the price of gold and silver is like an economic "warning siren" - alerting savers that their wealth (i.e. the purchasing power of their currency) is being rapidly eroded by the monetary depravity of bankers.....read on
The Gold Standard
Hugo Salinas Price discusses the gold standard and the destruction going off the gold standard has brought to the West.......read on
Once you have read the article above go on a trip back in history to 1971. In the video below Tricky Dicky takes the USA, and by default the rest off the World, off the Gold standard, in the process making all the World's currencies paper promises backed by nothing.
Some background:
The President of France Charles De Gaulle fearing a future default by the USA on its gold backed dollars instructed the Banque de France to increase the rate at which new US dollars holdings were converted into gold bullion and sent the French navy across the Atlantic to hand over US dollars and bring back gold bullion in exchange. In 1965 alone, the French navy ferried back over $150 million of gold bullion thereby increasing the proportion of French national reserves held in gold from 71.4% to 91.9%.
Due to inflationary pressures on the US$ as a result of printing to many dollars and foreign borrowings to fund the Indo-China (Vietnam) war on August 15, 1971, President Nixon imposed a 90-day wage and price freeze, a 10 percent import surcharge, and, most importantly, “closed the gold window”, ending convertibility between US dollars and gold.
Once you have read the article above go on a trip back in history to 1971. In the video below Tricky Dicky takes the USA, and by default the rest off the World, off the Gold standard, in the process making all the World's currencies paper promises backed by nothing.
Some background:
The President of France Charles De Gaulle fearing a future default by the USA on its gold backed dollars instructed the Banque de France to increase the rate at which new US dollars holdings were converted into gold bullion and sent the French navy across the Atlantic to hand over US dollars and bring back gold bullion in exchange. In 1965 alone, the French navy ferried back over $150 million of gold bullion thereby increasing the proportion of French national reserves held in gold from 71.4% to 91.9%.
Due to inflationary pressures on the US$ as a result of printing to many dollars and foreign borrowings to fund the Indo-China (Vietnam) war on August 15, 1971, President Nixon imposed a 90-day wage and price freeze, a 10 percent import surcharge, and, most importantly, “closed the gold window”, ending convertibility between US dollars and gold.
Wednesday, June 16, 2010
Five important charts for gold bugs
A great summary of charts showing gold's historic and possible future price against 5 fundamental measures......read on
Blanchflower says rob the pensioners to pay off UK debts
Former Bank of England Monetary Policy Committee member and leading UK economist David Blanchflower is suggesting that the UK target a higher inflation rate to deal with one of the highest national debt moutains in the world......read on
The coming Silver Shortage
Veteran market commentator Stephen Leeb, Chairman of Leeb Capital Mgmt. explains in simple terms the virtues of silver the potential shortages that could be experienced in the near future. Take away quote "Silver - there is very little of it and we need it for everything"
EU toxic debt
European mega toxic loans, which amount to $2.6 trillion just for Greece, Spain and Portugal.....it is all too well known that France and Germany will go bust overnight if PIIGS debt is allowed to be marked even halfway to market pro forma for governmental bailouts, on the banks' balance sheets....read more from Tyler Durden of Zero Hedge ---> here
17 Reasons to own Gold
Definitive summary of the main reasons to own Gold (most also apply to Silver) by the legendary John Embry of Sprott Asset Management. Read ---> here
Sunday, June 13, 2010
Chinese Gold Rush
With a stagflating USA and a collapsing EU the world will start to take increasing notice of what happens in the only remaining engine of growth - China. I wonder when the rest of the world notice what the people in China are doing - they are voting with their wallets and purses and their only candidates are Gold & Silver.
Interview with Hugo Salinas Price
Whilst I have read several articles by Hugo Salinas Price this is the first time I have heard the Mexican multi-billionaire interviewed. Listen ---> here
Why Won't You Die, Damn It!
Why won't gold die and stop making paper Kings look stupid.......read on
Saturday, June 12, 2010
Financial Security: Gold or Gambling
In no aspect of our lives has the brainwashing of bankers had a more profound effect than when it comes to "investing"; and yet, once we strip away that propaganda, the truth becomes painfully obvious.
Let's start with a basic principle: all investing is gambling........read more from Jeff Nielson ---> here
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