Monday, December 31, 2012
Gerald Celente on Trends for 2013
Gerald Celente and Greg Hunter of usawatchdog.com discuss trends for 2013, the Gold and Silver markets and quality real estate.
Thailand the Top Equity Market in 2012
Hardly surprising that Thailand' SET index was the best performer of the of world's all stock markets, as I reported from the front lines of the Thai industrialists in late Dec 2010 here Thailand was booming and set to grow further.
As my host told me at a exclusive Bangkok nightclub "GFC is for stupid Americans and their thieving bankers. Thailand making things people need. The rice and sugar are getting high prices, factories are busy making things people need - cheap small cars, white goods, cement, building products. We not make paper banking shit and sell it to other stupid people"
As my host told me at a exclusive Bangkok nightclub "GFC is for stupid Americans and their thieving bankers. Thailand making things people need. The rice and sugar are getting high prices, factories are busy making things people need - cheap small cars, white goods, cement, building products. We not make paper banking shit and sell it to other stupid people"
And coming in at no. 23 is.....
I just had surprise reading the following post from Zerohedge and seeing that a post from this blog came in as the 23rd most read post on Zerohedge for 2012, with approx 76,000 views. On this site the post was the most read for 2012 at approx 17,000 views.Zerohedge article link
- In 23rd spot, with 76,032 reads, was the update from the world of gold counterfeiting, with "Tungsten-Filled 1 Kilo Gold Bar Found In The UK." Perhaps the most surprising thing about this is that people were actually surprised that "there is counterfeiting going on here." Or perhaps it was merely the validation of what everyone had already known. This would only be reconfirmed with...
Sunday, December 30, 2012
The Truthseeker: 12 Banks of Death ft. Jim Rogers
From RussiaToday
A Nobel Laureate tells us chase out the moneylenders, Named and Shamed the 12 giant banks which feed on death, and 'hundreds' who should join Madoff in the slammer. Seek truth from facts with Nobel prizewinner Ed Prescott, Sen. Bernie Sanders, the world's top crisis economist Steve Keen, legendary investor Jim Rogers, bailout investigator Randall Wray, The Untold History of the United States co-author Peter Kuznick, and Rep. Ron Paul.
Keiser Report: Banker Infestation
From RussiaToday
In this episode, Max Keiser and Stacy Herbert argue over whether things are looking better or worse for the American worker. While Stacy argues that the return of some manufacturing is a sign that wealth creating jobs may return to the US, Max counters that the system is so corrupt that the chances of labor getting any cut of the wealth is nil and that the Internet giants will prevent the rise of a powerful decentralized economy online. In the second half, Max Keiser talks to Professor Jonathan Feldman about the Global Teach-In and about a boycott and short sale campaign and creating an industrial policy for America because right now the US even outsources some military production to China.
In this episode, Max Keiser and Stacy Herbert argue over whether things are looking better or worse for the American worker. While Stacy argues that the return of some manufacturing is a sign that wealth creating jobs may return to the US, Max counters that the system is so corrupt that the chances of labor getting any cut of the wealth is nil and that the Internet giants will prevent the rise of a powerful decentralized economy online. In the second half, Max Keiser talks to Professor Jonathan Feldman about the Global Teach-In and about a boycott and short sale campaign and creating an industrial policy for America because right now the US even outsources some military production to China.
Saturday, December 29, 2012
Quote of the Week
I found this quote printed and attached to a cork board in my doctor consulting room a few days ago, and yes it does get him trouble with socialist patients.
“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.” ~ Winston Churchill
“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.” ~ Winston Churchill
Allen Roland - Drugs generate violence in US society
From PressTVGlobalNews
An analyst says the introduction of psychotropic drugs in 1962 directly relates to the increase in mass killings in America yet medical records of killers are suppressed.
An analyst says the introduction of psychotropic drugs in 1962 directly relates to the increase in mass killings in America yet medical records of killers are suppressed.
Facebook Banning Gun Owners En Masse
From TheAlexJonesChannel
http://www.infowars.com/facebook-purges-pro-gun-accounts/
Facebook is purging accounts that carry pro-second amendment and pro-liberty information in a censorship purge that has accelerated over the past few hours, with innumerable pages being disappeared merely for posting legitimate political content.
NaturalNews.com's Mike Adams contacted us to alert us to the fact that "Facebook banned our account for posting this," with an attached image of a Gandhi quote about how the British disarmed the citizenry during their rule in India.
http://www.infowars.com/facebook-purges-pro-gun-accounts/
Facebook is purging accounts that carry pro-second amendment and pro-liberty information in a censorship purge that has accelerated over the past few hours, with innumerable pages being disappeared merely for posting legitimate political content.
NaturalNews.com's Mike Adams contacted us to alert us to the fact that "Facebook banned our account for posting this," with an attached image of a Gandhi quote about how the British disarmed the citizenry during their rule in India.
Robocops to patrol LA by 2025?
From RTAmerica
In 1987, the film RoboCop debuted and featured a half-man half-robot cop patrolling the streets of Detroit, but now some car companies are planning on replacing cop cars in Los Angeles with drone cars by 2025. Ramon Galindo gives us a glimpse of the future police force.
In 1987, the film RoboCop debuted and featured a half-man half-robot cop patrolling the streets of Detroit, but now some car companies are planning on replacing cop cars in Los Angeles with drone cars by 2025. Ramon Galindo gives us a glimpse of the future police force.
Friday, December 28, 2012
Game On! - Egypt implements Capital Controls
 |
| Anubis, the judge of the dead, fiat money in this case. |
Original source
Currency controls are now in place and there is a ban on traveling with more than $10,000 in cash. Egyptian officials are becoming worried as savings account withdrawals increase in the face of a depreciating pound and public rumors of central bank confiscation of deposits.
On Tuesday, Presidential spokesperson Yasser Ali confirmed the government’s decision which limits all travelers from “bringing foreign currency into the country or carrying it out to only $10,000.” Ali added that “any funds over US$10,000 must be transferred electronically” and the decision also forbids sending cash through the mail.
Previously under the original law, any amounts above $10,000 or their equivalent in foreign currencies simply had to be declared to authorities.
Read more
Keiser Report: Next American Revolution with Gerald Celente
From RussiaToday
In this episode, Max Keiser and Stacy Herbert discuss Hank Paulson sightings in Chicago and the Boxing Day presents for the global peasants from the global elite, including 45 bad banker apples (at UBS) and an attempt to part the people of India from their gold hoard. In the second half, Max Keiser talks to trends forecaster, Gerald Celente of TrendsResearch.com about the next American Revolution and Nehru jackets.
Thursday, December 27, 2012
Merry Christmas from the Land of the Brave and Home of the Free
Only days before he reportedly traveled the world delivering gifts to good boys and girls around the globe, Santa Claus was arrested in Austin, Texas for writing with chalk in front of the State Capitol Building.
Police officers with the Texas Department of Public Safety arrested 36-year-old James Peterson on Friday afternoon at around 1:30 p.m. Peterson, adorned in a full-on Santa suit complete with a big white beard, was placed in cuffs and dragged away in front of a group of children after cops charged him with criminal mischief and evading arrest.
Peterson was participating in an event in front of the Capitol along with members of the Occupy Austin movement at the time of the alleged crime. He had been asking children what their wishes for the world were — and then writing them on the sidewalk with chalk — when police handcuffed him and hauled him away.“Today I saw the jolly red elf at the Capitol, cheerfully requesting that children write their wishes for a better world in chalk on the sidewalk. Santa said his favorite word was ‘Community.’ Various children wrote words like ‘Peace,’ ‘Friendship,’ and ‘Grace,’”
Police officers with the Texas Department of Public Safety arrested 36-year-old James Peterson on Friday afternoon at around 1:30 p.m. Peterson, adorned in a full-on Santa suit complete with a big white beard, was placed in cuffs and dragged away in front of a group of children after cops charged him with criminal mischief and evading arrest.
Peterson was participating in an event in front of the Capitol along with members of the Occupy Austin movement at the time of the alleged crime. He had been asking children what their wishes for the world were — and then writing them on the sidewalk with chalk — when police handcuffed him and hauled him away.“Today I saw the jolly red elf at the Capitol, cheerfully requesting that children write their wishes for a better world in chalk on the sidewalk. Santa said his favorite word was ‘Community.’ Various children wrote words like ‘Peace,’ ‘Friendship,’ and ‘Grace,’”
John Kerry flip-flops on WikiLeaks
From RTAmerica
United States Senator John Kerry (D-Massachusetts) has been in the public spotlight previously as a presidential candidate, but this time the soon-to-be secretary of state is getting a lot of attention for changing his stance on the whistleblower website WikiLeaks. RT's Liz Wahl has more on the continuing back and forth of John Kerry.
United States Senator John Kerry (D-Massachusetts) has been in the public spotlight previously as a presidential candidate, but this time the soon-to-be secretary of state is getting a lot of attention for changing his stance on the whistleblower website WikiLeaks. RT's Liz Wahl has more on the continuing back and forth of John Kerry.
Wednesday, December 26, 2012
Egon von Greyerz on Market Manipulations
Shinzo Abe new Japanese PM
From http://www.euronews.com/
Japan's lower house of Parliament has approved Shinzo Abe as Prime Minister, the second time the hawkish lawmaker has been in the top job.
Japan's lower house of Parliament has approved Shinzo Abe as Prime Minister, the second time the hawkish lawmaker has been in the top job.
The Reserve Bank of Australia Explained
Thanks to Bruce for the link to the following video. The parody of the RBA's gold holdings is very topical in light of their recent admission that the RBA keeps 99.9% of our their gold reserves in the Bank of England (see post).
Shaun Micallef from 2008, please note the reference to rising interest rates is no longer valid.
Shaun Micallef from 2008, please note the reference to rising interest rates is no longer valid.
Keiser Report: Ho, Ho, Freaking Ho!
In this episode, Max Keiser first talks to punk poet John Cooper Clarke about Who Stole Bongo's Trousers, private equity rock stars, the music business and onesies as the next big thing in fashion. In the second half, Max is joined by Stacy to talk about the 'poverty barons' financed by the British taxpayer.
Tuesday, December 25, 2012
Why are (Smart) Investors Buying 50 Times More Physical Silver than Gold?
If you don't read any other article on Silver Investing this year read this one. By Eric Sprott
Original source
Average annual gold mine production is approximately 80 million ounces, which together with an estimated average 50 million ounces of annual recycled gold, totals around 130 million ounces available per year. In comparison, annual mined silver production has averaged around 750 million ounces, while recycled silver is estimated at 250 million ounces per year, which adds up to approximately 1 billion ounces. Using this data, there is roughly 8 times more silver available to buy than there is gold. However, not all gold and silver is available for investment purposes, due to their use in industrial applications. It is estimated that for investment purposes (jewelry, bars and coins), the annual availability of gold is roughly 120 million ounces, and of silver it is 350 million ounces. Therefore, the ratio of physical silver availability to gold availability is 350/120, or ~3:1.1
Read more
Merry Christmas
Merry Christmas to all my blog's followers. I hope Santa was wise and brought you many shinny metal things this year.
Hi'd Hi'd Ho Ho Ho
Asia's 2013 Billionaires
Want to know something scary? Every one of the billionaires featured in this report could buy up every available ounce of silver in the world on their own. Got silver?
Monday, December 24, 2012
Andrew Magurie on Precious Metal Manipulations
Sunday, December 23, 2012
China Playing a Major Role in Global Silver Market
From The Silver Institute
Original source
New Report Explores Dramatic Changes in Last Decade
(Washington, D.C. – December 13, 2012) China’s role in the global silver market has dramatically changed over the past decade. Once a small player in the global market, China today is the world’s leading market for both physical investment and paper trading of silver futures and other similar products, and is the second largest silver fabricator today. Chinese demand for the white metal is expected to achieve further strong growth in the years ahead, according to a report by Thomson Reuters GFMS released today by the Silver Institute.
Total silver demand in China has grown by over 100 million ounces (Moz) in the past ten years, to a record 170.7 Moz. The strength of the Chinese economy, assisted by a boom in the manufacturing sector, along with heavy investment in infrastructure, has boosted domestic demand for silver since the liberalization of the Chinese silver market at the start of 2000. This has propelled China into becoming the world’s second largest silver fabricator, with its share of global demand standing at 17 percent at the end of 2011. Overall silver fabrication demand has grown from 67.1 Moz to 159.5 Moz during the period 2002-2011, a rise of 137 percent.
In the same time period, Chinese industrial silver fabrication experienced an almost uninterrupted period of growth, posting an impressive 135 percent increase. The largest slice of industrial demand has come from the electrical and electronics sector, rising from 17.1 Moz in 2002 to 40 Moz last year. Key to this development has been a rapid expansion in the country’s semi-conductor sector. Similar growth across a wide range of applications has also occurred, including a surge in cell phone and computer production to account for 70 percent and 90 percent, respectively, of the global total last year. Additionally, strong advances have been reported in other personal electronic goods, including tablet computers, notebooks and light emitting diode backlit televisions.
Moreover, the Chinese silver jewelry market has grown an impressive 211 percent from 2002-2011, to 54.4 Moz, as it enjoys greater exposure across the country’s interior. Further growth is expected in coming years as ongoing urbanization should lead to the expansion of retail jewelry outlets in larger cities.
Chinese silverware fabrication nearly doubled over the last decade, making China the second largest silverware fabricator globally behind India.
Investment demand from Chinese silver investors has jumped in recent years, making China the world’s biggest market for both physical investment and paper trading of silver futures and other similar contracts. Of note, during the first full year after the liberalization of the Chinese silver investment market in 2009, net demand for silver bars and coins doubled to 9.8 million ounces (Moz). In 2011, the figure soared to 17.0 Moz, accounting for 8 percent of global net purchases of silver bars and coins.
On the supply side, Chinese mine production has almost doubled over the last decade, assisted by the base metals mining sector, leading to a sharp rise in silver produced as a by-product. China’s mine production of silver now accounts for 14 percent of global supply, and it is likely to be recorded as the second largest silver producing country in 2012.
Scrap supply has also risen steadily over the same period, as Chinese industrial fabrication has grown rapidly, lifting supply from this segment to 31.9 Moz last year.
A notable increase in government sales from China was an important feature of the silver market from 1999 to 2003. Thereafter, sales from Chinese official and quasi-official stocks fell markedly, and the country has been essentially absent from the market since 2006.
“This report underscores China’s growing importance to the global silver market,” stated Michael DiRienzo, Executive Director of the Silver Institute. “It is impressive to see the dramatic development in so many sectors of their domestic silver market in the last decade,” he added.
The report gives a historical background of China’s silver industry over the past 30 years. It examines the deregulation of the Chinese silver market and includes chapters on Chinese silver supply, silver fabrication demand and silver investment, as well as silver imports and exports.
The report is available free of charge and can be downloaded from the Silver Institute’s web site: http://www.silverinstitute.org/site/wp-content/uploads/2012/12/ChineseSilverMarket2012.pdf
The Silver Institute is a nonprofit international association that serves as the industry’s voice in increasing public understanding of the many uses and values of silver. Established in 1971, its member companies include leading silver mining houses, refiners, bullion suppliers, manufacturers of silver products and wholesalers of silver investment products.
Michael DiRienzo
The Silver Institute
+1 202-495-4030
Junlu Liang
Thomson Reuters GFMS
+44 207-542-1682
This entry was posted in Silver Institute Press Releases. Bookmark the permalink.
Original source
New Report Explores Dramatic Changes in Last Decade
(Washington, D.C. – December 13, 2012) China’s role in the global silver market has dramatically changed over the past decade. Once a small player in the global market, China today is the world’s leading market for both physical investment and paper trading of silver futures and other similar products, and is the second largest silver fabricator today. Chinese demand for the white metal is expected to achieve further strong growth in the years ahead, according to a report by Thomson Reuters GFMS released today by the Silver Institute.
Total silver demand in China has grown by over 100 million ounces (Moz) in the past ten years, to a record 170.7 Moz. The strength of the Chinese economy, assisted by a boom in the manufacturing sector, along with heavy investment in infrastructure, has boosted domestic demand for silver since the liberalization of the Chinese silver market at the start of 2000. This has propelled China into becoming the world’s second largest silver fabricator, with its share of global demand standing at 17 percent at the end of 2011. Overall silver fabrication demand has grown from 67.1 Moz to 159.5 Moz during the period 2002-2011, a rise of 137 percent.
In the same time period, Chinese industrial silver fabrication experienced an almost uninterrupted period of growth, posting an impressive 135 percent increase. The largest slice of industrial demand has come from the electrical and electronics sector, rising from 17.1 Moz in 2002 to 40 Moz last year. Key to this development has been a rapid expansion in the country’s semi-conductor sector. Similar growth across a wide range of applications has also occurred, including a surge in cell phone and computer production to account for 70 percent and 90 percent, respectively, of the global total last year. Additionally, strong advances have been reported in other personal electronic goods, including tablet computers, notebooks and light emitting diode backlit televisions.
Moreover, the Chinese silver jewelry market has grown an impressive 211 percent from 2002-2011, to 54.4 Moz, as it enjoys greater exposure across the country’s interior. Further growth is expected in coming years as ongoing urbanization should lead to the expansion of retail jewelry outlets in larger cities.
Chinese silverware fabrication nearly doubled over the last decade, making China the second largest silverware fabricator globally behind India.
Investment demand from Chinese silver investors has jumped in recent years, making China the world’s biggest market for both physical investment and paper trading of silver futures and other similar contracts. Of note, during the first full year after the liberalization of the Chinese silver investment market in 2009, net demand for silver bars and coins doubled to 9.8 million ounces (Moz). In 2011, the figure soared to 17.0 Moz, accounting for 8 percent of global net purchases of silver bars and coins.
On the supply side, Chinese mine production has almost doubled over the last decade, assisted by the base metals mining sector, leading to a sharp rise in silver produced as a by-product. China’s mine production of silver now accounts for 14 percent of global supply, and it is likely to be recorded as the second largest silver producing country in 2012.
Scrap supply has also risen steadily over the same period, as Chinese industrial fabrication has grown rapidly, lifting supply from this segment to 31.9 Moz last year.
A notable increase in government sales from China was an important feature of the silver market from 1999 to 2003. Thereafter, sales from Chinese official and quasi-official stocks fell markedly, and the country has been essentially absent from the market since 2006.
“This report underscores China’s growing importance to the global silver market,” stated Michael DiRienzo, Executive Director of the Silver Institute. “It is impressive to see the dramatic development in so many sectors of their domestic silver market in the last decade,” he added.
The report gives a historical background of China’s silver industry over the past 30 years. It examines the deregulation of the Chinese silver market and includes chapters on Chinese silver supply, silver fabrication demand and silver investment, as well as silver imports and exports.
The report is available free of charge and can be downloaded from the Silver Institute’s web site: http://www.silverinstitute.org/site/wp-content/uploads/2012/12/ChineseSilverMarket2012.pdf
The Silver Institute is a nonprofit international association that serves as the industry’s voice in increasing public understanding of the many uses and values of silver. Established in 1971, its member companies include leading silver mining houses, refiners, bullion suppliers, manufacturers of silver products and wholesalers of silver investment products.
Michael DiRienzo
The Silver Institute
+1 202-495-4030
Junlu Liang
Thomson Reuters GFMS
+44 207-542-1682
This entry was posted in Silver Institute Press Releases. Bookmark the permalink.
Keiser Report: Crazyflation with Peter Schiff
From RussiaToday
In this episode, Max Keiser and Stacy Herbert look at the the central bank revolution that will end in disaster with Japan leading the way after voters have demanded even more aggression with the nation's monetary policy. They also look at Moody's ratings getting no respect because nobody has done better than flipping a coin for 50 years in a slow burning prison. In the second half, Max Keiser talks to Peter Schiff about bonds, dollars and governments buying their own debt.
In this episode, Max Keiser and Stacy Herbert look at the the central bank revolution that will end in disaster with Japan leading the way after voters have demanded even more aggression with the nation's monetary policy. They also look at Moody's ratings getting no respect because nobody has done better than flipping a coin for 50 years in a slow burning prison. In the second half, Max Keiser talks to Peter Schiff about bonds, dollars and governments buying their own debt.
Saturday, December 22, 2012
Going for Gold? Don't Forget the Vault
Click on image to access video
Note if are looking for the most secure vault space in Australia check out the soon to be opened high security bullion vault in Sydney, Custodian Vaults
Brazil Doubles Gold Reserves
From Bloomberg.com
Original source
Brazil boosted gold reserves for a third month in November to double the country’s holdings since August as central banks from Russia to Belarus and South Korea add the metal to diversify their assets.
Brazilian holdings expanded 14.7 metric tons in November to 67.2 tons, the most since November 2000, according to data on the International Monetary Fund’s website. The country bought 17.2 tons in October after adding 1.7 tons in September, the first increase since 2008. Russia’s holdings increased 2.9 tons last month and Belarus’s reserves expanded 1.4 tons, the data show. Turkey pared holdings 5.9 tons and Mexico sold 0.1 ton.
Central banks have been expanding reserves as the metal heads for a 12th annual gain and investors hold a record amount in bullion-backed exchange-traded products. Nations bought 373.9 tons in the first nine months of the year and full-year additions will probably be at the bottom end of a range from 450 to 500 tons, the London-based World Gold Council estimates.
“Central banks, particularly in the emerging economies, are looking to increase the proportion of gold in their reserve assets,” Alexandra Knight, an analyst at National Australia Bank Ltd., said from Melbourne. “That will drive prices of gold because they can be quite significant purchases.”
Read more
Friday, December 21, 2012
James Turk discusses Indian Gold Ban and the Queen's visit to BoE
Weekend Chillout - Wishing Our Gold was Here
With this weeks' stunning announcement from the Reserve Bank of Australia that 99.9% of Australia's Gold Reserves are kept at the Bank of England (read story here) it makes me wish that the gold was not stored with our former colonial masters and was instead kept here in safe Australia.
In 2013 The Fed Will Conjure Enough Paper Money To Buy 11% Of All Existing Gold
From Zerohedge.com
Original source
When people throw around "trillions" (and in the case of Yen-denominated Japanese debt and/or total outstanding gross derivatives, quadrillions) with the facility that mere billions was being dispensed with as recently as 5 years ago, it is easy to lose sight of the big picture.
So what is the big picture? Well, recall the following quote from Warren Buffet's letter to investors:
"Today the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce – gold’s price as I write this – its value would be $9.6 trillion....You can fondle the cube, but it will not respond."
Gold is now 7% lower, and even when netting incremental mining production in the interim since this letter was written, one can roughly say that the total value of all gold in the world is ~$9 trillion. In other words, in 2013 the Fed, alone, excluding all the other central banks, which as we pointed out earlier is vary naive, will conjure out of thin air enough 1s and 0s, equivalent to $1 trillion, or enough money to buy 11% of all the gold in existence in the world. Add all the other central banks, all of which are now engaged in "unlimited easing", and this number will likely rise to about 20% of total.
In 3 years of unlimited easing, which at this pace looks quite possible, after all all Chairmen have made it clear there will be no end to the global paper printing until 2015, enough electronic money will have been created to buy more than half of all god in existence.
In 5 years? All of it.
So, once again, which is the scarcer commodity?
Original source
When people throw around "trillions" (and in the case of Yen-denominated Japanese debt and/or total outstanding gross derivatives, quadrillions) with the facility that mere billions was being dispensed with as recently as 5 years ago, it is easy to lose sight of the big picture.
So what is the big picture? Well, recall the following quote from Warren Buffet's letter to investors:
"Today the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce – gold’s price as I write this – its value would be $9.6 trillion....You can fondle the cube, but it will not respond."
Gold is now 7% lower, and even when netting incremental mining production in the interim since this letter was written, one can roughly say that the total value of all gold in the world is ~$9 trillion. In other words, in 2013 the Fed, alone, excluding all the other central banks, which as we pointed out earlier is vary naive, will conjure out of thin air enough 1s and 0s, equivalent to $1 trillion, or enough money to buy 11% of all the gold in existence in the world. Add all the other central banks, all of which are now engaged in "unlimited easing", and this number will likely rise to about 20% of total.
In 3 years of unlimited easing, which at this pace looks quite possible, after all all Chairmen have made it clear there will be no end to the global paper printing until 2015, enough electronic money will have been created to buy more than half of all god in existence.
In 5 years? All of it.
So, once again, which is the scarcer commodity?
Assange's Christmas address from Ecuador embassy in London
From RussiaToday
The man on the frontline of the information battle, Wikileaks editor Julian Assange, has given a Christmas address. He has delivered his speech from the balcony of the Ecuadorian embassy in London, where he's been ensconsed for six months, after being granted political asylum - READ MORE http://on.rt.com/ptfxo7
The man on the frontline of the information battle, Wikileaks editor Julian Assange, has given a Christmas address. He has delivered his speech from the balcony of the Ecuadorian embassy in London, where he's been ensconsed for six months, after being granted political asylum - READ MORE http://on.rt.com/ptfxo7
Gold and Silver Pre-Christmas Sale Doubles Down
Aren't the markets wonderful, here is me I have left my Christmas shopping to the last minute and as a reward for my procrastination the markets put on a door buster sale just for me. Happy Happy Joy Joy.
In New York trade overnight gold was sold down $20 and silver an massive $1.20 (I am old enough to remember when a 10c move in silver was huge) in a continuous rout from the start to end of the session.
No doubt the fecal cliff will be blamed, no manipulation here boys, nothing to see here, move on and keep trading.
In New York trade overnight gold was sold down $20 and silver an massive $1.20 (I am old enough to remember when a 10c move in silver was huge) in a continuous rout from the start to end of the session.
No doubt the fecal cliff will be blamed, no manipulation here boys, nothing to see here, move on and keep trading.
 |
| Charts from goldprice.org |
Kaiser Report - Battle of Wall Street
From RussiaToday
In this episode, Max Keiser and Stacy Herbert look at the shootout at the OK Bond Corral as sovereigns battle Wall Street -- which in turn battles state pension funds -- for the same piece of infinitely re-hypothecated garbage collateral. In the second half, Max Keiser talks to hedge fund manager and 'Planet Ponzi' author Mitch Feierstein about the bond market, central bank-induced deflation and the London property market.
In this episode, Max Keiser and Stacy Herbert look at the shootout at the OK Bond Corral as sovereigns battle Wall Street -- which in turn battles state pension funds -- for the same piece of infinitely re-hypothecated garbage collateral. In the second half, Max Keiser talks to hedge fund manager and 'Planet Ponzi' author Mitch Feierstein about the bond market, central bank-induced deflation and the London property market.
Thursday, December 20, 2012
Liberals Demand Obama Repeal 2nd Amendment by Executive Order
Chilling Out Russian Style
With the temperature due to hit 35 - 39C in Sydney today I thought some of my local readers would like to see somewhere a bit cooler.
From RussiaToday
From RussiaToday
Queen describes the decision to sell UK gold reserves as ‘regrettable’
Queen to becomes first monarch for 231 years to sit in on Cabinet deliberations
From The Daily Mail
In a conversation with Chancellor George Osborne she described the decision to sell some of the gold reserves as ‘regrettable’.
Between 1999 and 2002, when he was Chancellor, Mr Brown ordered the sale of the gold when the price was at a 20-year low. He did so despite serious misgivings at the Bank of England.
The sale raised just £2billion. But the gold is now worth an estimated £13billion, meaning the fateful decision cost £11billion – three times the amount lost on Black Wednesday in 1992 when the UK left the European exchange rate mechanism.
Speaking to Mr Osborne, the Queen asked him about the ‘gold bars’ she had seen during a visit of the Bank of England last week.
Some of her words are indistinct on video footage of the exchange, but she was heard saying ‘regrettably’ in a reference to their sale.
The Chancellor told her: ‘Some of them were sold but we still have some left’.
Read more: http://www.dailymail.co.uk/news/article-2249858/The-Queen-wears-Tory-blue-historic-visit-sit-Cabinet-meeting-ministers-whip-round-buy-placemats.html#ixzz2FXOzfeAY
Wednesday, December 19, 2012
Reserve Bank of Australia Admits 99.9% of Australia's Gold Reserves are held at the Bank of England
 |
| Bank of England, City of London |
 |
| Gold Scales in the RBA Museum, Sydney. Obviously they are kept behind glass as there is no longer any need for them. |
Please read below for the text of the RBA's email response to me dated 19/12/12:
Thank you for your email.
As at end-June 2011 the Reserve Bank of Australia held 80 tonnes of gold in London Good Delivery bars. The Reserve Bank holds 99.9 per cent of its gold reserves in the United Kingdom at the Bank of England. The remaining 0.1 per cent is held at the Reserve Bank’s Head Office in Sydney.
London is a major global gold trading market and the Bank of England provides a secure and cost-effective storage location for central banks and market participants. The Reserve Bank has processes in place to ensure that the gold reserves are maintained appropriately. It is not considered necessary from management, security or operational perspectives to relocate the gold bars to a facility in Australia.
The Reserve Bank has reviewed its approach to releasing details about its management of the physical reserves of gold and decided to release the above information.
Please note that we answered your previous questions as a routine public enquiry. The FOI Act concerns itself with the release of documents, rather than answering questions, so a request must seek documents to be valid.
Regards
Chris Collins | Manager | Media & Public Relations Office
RESERVE BANK OF AUSTRALIA | 65 Martin Place, Sydney NSW 2000
p: +61 2 9551 9830 | f: +61 2 9551 8033 | w: www.rba.gov.au
RESERVE BANK OF AUSTRALIA | 65 Martin Place, Sydney NSW 2000
p: +61 2 9551 9830 | f: +61 2 9551 8033 | w: www.rba.gov.au
I would like to thank Bullion Baron for their assistance in this matter and the encouragement and support of management and several clients of ABC Bullion, Sydney.
If you wish to view some of the gold stored in the Bank of England gold vault and see probably one of Australia's gold bars (the bar handled in the video made in Australia) watch this recent video tour of the vault.
From periodicvideos
Carney: 'We're Close' on 'Fiscal Cliff' Efforts
From AssociatedPress
Published on Dec 18, 2012
Just two weeks before the 'fiscal cliff' deadline, President Obama and House Speaker John Boehner are swapping offers of major compromise in hopes of a deal to slash future deficits.
Published on Dec 18, 2012
Just two weeks before the 'fiscal cliff' deadline, President Obama and House Speaker John Boehner are swapping offers of major compromise in hopes of a deal to slash future deficits.
Gold and Silver Pre-Christmas Sale
Both Gold and Silver have experienced waterfall declines in New York trading, with gold declining $27 from the open and silver declining 60 cents.
Reasons cited for the decline are continuing "fiscal cliff" negotiations and US investors closing out winning positions prior to the end of the year, with many booking capital gains this financial year (US financial year ends 31 Dec) ahead of the expected rise in the US Capital Gains Tax rate in 2013.
Reasons cited for the decline are continuing "fiscal cliff" negotiations and US investors closing out winning positions prior to the end of the year, with many booking capital gains this financial year (US financial year ends 31 Dec) ahead of the expected rise in the US Capital Gains Tax rate in 2013.
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| Charts from goldprice.org |
Keiser Report: Monetized Genocide
Max and Stacy reference in the following report several news items also mentioned on this blog, if you wish to know more on these topics follow the links below:
Queen on decision to sell gold reserves
Queen in PR campaign for Bank of England's Gold Vault
Do Central Banks actually have any Gold left?
Central Banks admitting were they store their Gold
The brilliant Lars Schall
From RussiaToday
Published on Dec 18, 2012 In this episode, Max Keiser and Stacy Herbert look at central banking monkeys performing cannonballs into the global dark pools, the backlash against quantitative easing and the Queen ticking orf the Bank of England. In the second half, Max Keiser talks to economist Sandeep Jaitly of FeketeResearch.com about silver backwardation and a monetary path that will throw us *all* into such poverty that none of us will be able satisfy our ends.
Queen on decision to sell gold reserves
Queen in PR campaign for Bank of England's Gold Vault
Do Central Banks actually have any Gold left?
Central Banks admitting were they store their Gold
The brilliant Lars Schall
From RussiaToday
Published on Dec 18, 2012 In this episode, Max Keiser and Stacy Herbert look at central banking monkeys performing cannonballs into the global dark pools, the backlash against quantitative easing and the Queen ticking orf the Bank of England. In the second half, Max Keiser talks to economist Sandeep Jaitly of FeketeResearch.com about silver backwardation and a monetary path that will throw us *all* into such poverty that none of us will be able satisfy our ends.
Tuesday, December 18, 2012
A Christmas Present for the Prepper that has Everything
Mark Dice takes you inside a bomb shelter at the Atlas Shelters manufacturing plant in California with the president and CEO Ron Hubbard. AtlasSurvivalShelters.com
http://www.Facebook.com/MarkDice
http://www.Twitter.com/MarkDice
http://www.Facebook.com/MarkDice
http://www.Twitter.com/MarkDice
Movie: Strategic Relocation
From TheAlexJonesChannel
Joel Skousen sits down with Alex Jones and discusses strategies on how to prepare for and survive major disasters. Joel Skousen is a world renowned expert in designing secure homes, geo-political analysis, and strategic relocation. Preparing food, water, arms, medical supplies, and shelter may not be a good enough plan. Large population centers are the biggest threat to survival after any major disaster. Joel Skousen explains his strategy for survival, which includes acquiring all of the essentials, preparing in a safe location and methods on how to avoid a dangerous hungry population and safely arrive at your secure location.
Joel Skousen sits down with Alex Jones and discusses strategies on how to prepare for and survive major disasters. Joel Skousen is a world renowned expert in designing secure homes, geo-political analysis, and strategic relocation. Preparing food, water, arms, medical supplies, and shelter may not be a good enough plan. Large population centers are the biggest threat to survival after any major disaster. Joel Skousen explains his strategy for survival, which includes acquiring all of the essentials, preparing in a safe location and methods on how to avoid a dangerous hungry population and safely arrive at your secure location.
Breaking The Set
From breakingtheset
On this episode of Breaking the Set, Abby Martin talks to Peace Activist and Author of 'The General's Son', Miko Peled, about the main misconceptions about the Israeli Palestinian conflict, and about the proposed idea of irradiating a 'Jewish State' all together. Abby then talks to RT Correspondents Liz Wahl and Anastasia Churkina, about the media sensationalizing and exploiting tragic events like the Sandy Hook mass shooting instead of focusing on the systemic problems that breed the violence. BTS wraps up the show with a little viewer feedback on a new segment called 'troll spotting'.
On this episode of Breaking the Set, Abby Martin talks to Peace Activist and Author of 'The General's Son', Miko Peled, about the main misconceptions about the Israeli Palestinian conflict, and about the proposed idea of irradiating a 'Jewish State' all together. Abby then talks to RT Correspondents Liz Wahl and Anastasia Churkina, about the media sensationalizing and exploiting tragic events like the Sandy Hook mass shooting instead of focusing on the systemic problems that breed the violence. BTS wraps up the show with a little viewer feedback on a new segment called 'troll spotting'.
Will Obama Cry For Children He Has Killed With Drones?
From TheAlexJonesChannel
Obama on record has killed thousands of children in 8 nations with drones attacks, will he break up in tears for them?
Obama on record has killed thousands of children in 8 nations with drones attacks, will he break up in tears for them?
Diamonds From Shovel to Shop: Inside De Beers
Rough diamond prices have slumped 16% over the past year, but De Beers expects a turnaround in the coming months. Bloomberg's Olivia Sterns has been looking at the effort involved in getting diamonds from the mine to the shop.
Ragged Revolution: Post-Arab Spring anger mounts 2 years on
From RussiaToday
Published on Dec 17, 2012
And as Egypt continues to be gripped by instability, it's just one of the countries still feeling the effects of the Arab Spring. The regional string of revolts has already claimed tens of thousands of lives, and brought down several regimes - with no sign of it stopping. Some of those who helped usher in the changes then, say they're no better off now - as RT's Irina Galushko reports.
Published on Dec 17, 2012
And as Egypt continues to be gripped by instability, it's just one of the countries still feeling the effects of the Arab Spring. The regional string of revolts has already claimed tens of thousands of lives, and brought down several regimes - with no sign of it stopping. Some of those who helped usher in the changes then, say they're no better off now - as RT's Irina Galushko reports.
Quote of the Week
"Without gold, paper currencies are only coupons with expiration dates written in invisible ink"
~ Darryl Robert Schoon
Darryl Robert Schoon - The twilight of the world's power structures
From SGTbull07
Darryl's You Tube Channel:
http://www.youtube.com/user/SchoonWorks
Darryl's website:
http://www.DRSCHOON.com
Sean's websites:
http://SGTreport.com/
http://theLibertyMill.com/
Darryl's You Tube Channel:
http://www.youtube.com/user/SchoonWorks
Darryl's website:
http://www.DRSCHOON.com
Sean's websites:
http://SGTreport.com/
http://theLibertyMill.com/
ANZ slashes RBA cash rate forecast
Original source
ANZ has drastically cut its interest rate forecasts for next year, citing a sharp weakening in the mining sector, higher unemployment and the strong dollar as the rationale behind a drop of 100 basis points.
ANZ had forecast the Reserve Bank of Australia’s official cash rate to stay on hold at 3 per cent for all of 2013, but is now predicting a 25 basis point cut in each quarter, ending 2013 at 2 per cent. Among major banking institutions, ANZ now has the lowest forecast for interest rates, along with Macquarie Bank.
Read more: http://www.smh.com.au/business/the-economy/anz-slashes-rba-cash-rate-forecast-20121217-2bit1.html#ixzz2FJWSYKLd
Monday, December 17, 2012
Chris Martenson - We're Going to Have a World Class Currency Crisis
From usawatchdog
Published on Dec 16, 2012
http://usawatchdog.com/global-growth-will-never-return-to-its-glory-days-chri... Chris Martenson says, "The risks are piling up in the financial system. . . . The Federal Reserve is printing, printing, printing . . . we're going to have a world class currency crisis." Given the current situation of a broken money system and dwindling natural resources, Martenson says, "I don't see how you avoid a hard landing at this point." Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Chris Martenson from PeakProsperity.com
Published on Dec 16, 2012
http://usawatchdog.com/global-growth-will-never-return-to-its-glory-days-chri... Chris Martenson says, "The risks are piling up in the financial system. . . . The Federal Reserve is printing, printing, printing . . . we're going to have a world class currency crisis." Given the current situation of a broken money system and dwindling natural resources, Martenson says, "I don't see how you avoid a hard landing at this point." Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Chris Martenson from PeakProsperity.com
Sunday, December 16, 2012
Mystery of Stalin's Death
From RussiaToday
This Soviet figure was probably one of the most prolific leaders the world has ever known. He led the Soviet Union to victory during the Second World War, though many suffered greatly under his rule. His personal life was complicated, and the circumstances surrounding his death still remain a secret. He was the man with an iron heart: Joseph Stalin.
This Soviet figure was probably one of the most prolific leaders the world has ever known. He led the Soviet Union to victory during the Second World War, though many suffered greatly under his rule. His personal life was complicated, and the circumstances surrounding his death still remain a secret. He was the man with an iron heart: Joseph Stalin.
Tweet of the Week
One for my US readers:
Just something remember when the TSA gropes your Christmas stocking this holiday travel season.
Keiser Report: High Frequency Scalping
In this episode, Max Keiser and Stacy Herbert look at central banking meth heads and low level broker-dealer-thieves drinking the hand sanitizer that is the high frequency scalping of the last dregs of equity left in the markets. They also ask whether the US has it in for British banks. In the second half, Max Keiser talks to Peter Antonioni, author of the Economics for Dummies, about the policy of quantitative easing as economic homeopathy - it only works on the grounds that you believe it works and about the UK monetizing its debt after transferring QE 'surpluses' from the Bank of England to the Treasury.
From RussiaToday
Germans start saving in Gold en mass
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| Gold ATM in Germany |
From The Local
Original source
Even though Europe's largest economy has weathered the world economic crisis relatively well, Germans have still been extra jittery about their savings, a study by the Steinbeis Research Center for Financial Services in Berlin revealed.
Around 32 percent of the gold owned in Germany in the form of bars and coins was accumulated since the financial and economic crises began, the study concluded.
Commissioned by precious metal trading group Heraeus, the study also found that people with surplus cash are becoming gold-greedier. The number of Germans with a net monthly income over €4,000 who say they intend to invest in gold has doubled in the current year.
On average, every German owns around 117 grammes of gold, comprising 55 grammes of jewellery and 62 grammes of bars and coins, the study, which surveyed 2,000 people, found. Taken together with gold securities, the average German owns some €5,750 of gold.
Including the German federal bank's gold holdings, that means the Germans have gathered seven percent of the world's gold.
Gold is considered a safe investment in times of economic stress because the precious metal is thought to keep its value over a long period, can be collected and kept safe personally, and can be traded easily.
Some 69 percent of Germans have invested in gold, and roughly half of these keep at least some the metal in their homes. Around 47 percent keep their gold in a private locker in a bank. Around nine percent, meanwhile, keep some of their precious metals with a specialized gold trader.
Rich people are more likely to invest in gold bars, while those on lower incomes are more likely to buy gold coins.
Queen visits Bank of England's Gold Vault
The rate of visits to the Bank of England's Gold vault this week starts to make you wonder if they are trying to prove a point. Here is the latest tour group.
Merry Christmas from Danny
Danny, the famous Sydney identity, wishes all readers of this blog a peaceful Christmas.
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| Danny in George St, Sydney |
Nigel Farage on the Eurozone and Gold
Saturday, December 15, 2012
Weekend Chillout - Golden Touch
In a amazing week when the Queen, Prince Phillip and some crazy chemistry professor get a tour of the Bank of England's gold vaults, in an attempt to show they still have some gold left, what else could this week's chillout be?
Friday, December 14, 2012
Egon von Greyerz on US Debt and Gold
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| Egon and your blogger |
Jeff Christian - China Gold Demand & 2013 Outlook
Some Friday afternoon humour for all my Gold and Silver Bug followers.
The following video is provided for its comedic value only and should not be construed as investment advice.
The following video is provided for its comedic value only and should not be construed as investment advice.
Click on the photo to access the video
Gold Performance
Silver Performance
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