Wednesday, February 6, 2013

Nigel Farage on the EU War Machine and Gold

Nigel Farage in a wide ranging discussion talks about the growing invasive power and war mongering of the EU and on the importance of keeping your gold stored outside of the banking system. Listen to the KWN interview here

'Globalizing Torture': 54 countries helped CIA to kidnap, detain & torture

From RussiaToday

Nigel Farage - The EU is Increasingly About War

Silver - The Element of Change

From SilverInstituteTV

Mark Dice is back with his trusty Gold Maple

From Mark Dice

Mark Dice hit the streets in Oceanside, California and offered a free one ounce gold Canadian Maple Leaf coin to the first person who knew how much it was worth within twenty five percent of it's value.

Jim Rickards - Why No One Will Win the Currency War

Iranians dump Trash buy Gold

From Bullion Street

Original source

TEHRAN(BullionStreet): Iranians continued to purchase gold from every available centers on fears about it's economy, particularly the risk of soaring inflation and a wobbly currency.

According to latest reports, one Azadi gold coin sold for 15.3 million rials at Iran's free market last Sunday, which is a new record.

Analysts said ever dipping rial, Iran's currency, forced even those people who already have coins in large numbers to buy again rather than cashing in for a profit.

Worries about the declining buying power of the rial and doubts over the currency’s stability are the main drivers behind the flight to gold.

They added that due to sanctions, Iranians have no choice but to invest in gold coins as they can't move their capital and invest in other countries.

Treasured as a store of value, Iran’s gold coins, minted over centuries, are also culturally important.

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Chinese Gold Imports from Hong Kong Rise to All-Time High

From Bloomberg

Original source

Gold imports into mainland China from Hong Kong surged 94 percent to an all-time high last year as rising incomes in the world’s second-largest economy underpinned increased demand and helped the metal to post a 12th annual gain.

Mainland China imported 834,502 kilograms (834.5 metric tons), including scrap and coins, compared with about 431,215 kilograms in 2011, according to Bloomberg calculations based on data from the Census and Statistics Department of the Hong Kong government. Imports in December rose to a monthly record of 114,405 kilograms, according to data from the department today.

The increase in gold imports last year “was largely a result of income growth,” Jiang Shu, a senior analyst at Industrial Bank Co. Ltd., said from Shanghai before the data was released. “The Chinese are becoming more wealthy.”

Read in full

Smuggling accounts for 25% of India Gold Imports

From Bullion Street

Original source

NEW DELHI(BullionStreet): India's recent tough stands against gold could only increase smuggling in the world's largest consumer, analysts said.

According to India's Directorate of Revenue Intelligence (DRI), an agency that monitors economic offences, the incidence of gold smuggling in the current fiscal year has zoomed at least eight times compared with the corresponding period the previous year.

They added that the increase in import duty on gold has clearly led to a price differential between Indian and international gold, and that, in turn, has led to an increase in smuggling.

Spot gold prices here are as much as 5.7% higher than in Dubai, compared with a difference of 0.1% in 2008. Typically, gold is smuggled into India from Dubai.

They said about 25 percent of gold flowing into India is coming through irregular channels and further tightening of norms would increase that sharply.

Pic of the Week

Gerald Celente on USA Watchdog

From trendsjournal

War in Mali a stage play for colonialism

From PressTVGlobalNews

US Petrol Prices Rise

Just as well all those rounds of QE haven't produced price inflation, nothing to see here, keep motoring.

From AssociatedPress

The Energy Department says U.S. drivers spent 4 percent of their pre-tax income on gasoline last year, the second highest percentage in thirty years.

Keiser Report: Horror Bankers Attack!

From RussiaToday

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss Ben 'Horror Frog' Bernanke ripping the legs off the global reserve currency in order to defend itself from deflation, while in Europe, the Magritte and Dali of policymakers worry not about bankruptcy as long as the fraud flow fees keep flowing, or F-cubed. In the second half of the show, Max Keiser talks to Simon Rose of about his recent experience giving evidence to the Treasury Select Committee and about the moochers living on the dole of quantitative easing while the Bank of England sits on one third of the stock of gilts with a 'cunning' plan to sell them one day and theoretically make a profit.