Wednesday, June 30, 2010
Tuesday, June 29, 2010
Update: read here
Monday, June 28, 2010
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
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
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
Saturday, June 26, 2010
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
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:
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
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
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
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
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.
Tuesday, June 22, 2010
Friday, June 18, 2010
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.
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.