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
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