Saturday, April 6, 2013

BitCoin InstaWallet Gets Cyprused

From TruthNeverTold

Gold is a Currency and not a Commodity


Original source

Eric Sprott pushed back on the Société Générale's report that gold was in a bubble and would slide to$1375/oz by year's end.

The authors of the report, David Franklin and David Baker, say SocGen is mistaking gold by viewing it as a commodity rather than a currency, and ". . . gold doesn’t really work as a commodity because it doesn’t get consumed like one."

The two argue that the slow growing supply of gold make it a great currency.

"Total gold supply can only grow marginally, while fiat money supply can grow exponentially through printing programs," writes Franklin and Baker.

Read more

Australian PM congratulates IMF on Theft of Cyprus Bank Deposits


Original source

Ms Gillard is leading a high-level delegation in China for talks with the country's new leaders and the business community.

Ms Gillard will meet China's new president Xi Jinping tomorrow on the sidelines of the Bo’ao Asia Forum on Hainan Island.

Today she held talks with International Monetary Fund chief Christine Lagarde.

Ms Gillard says she congratulated Ms Lagarde on the IMF's recent work in trying to resolve the financial crisis in Cyprus.

Read in full

Chris Powell on Sprott Money News

From Sprott Money

Tweet of the Week

North Korea War, Syria and the Global Banking Crisis

From Greg Hunter

Clarke and Dawe - Australia; A Victory Riddled with Handling Errors

From ClarkeAndDawe

Gerald Celente on Gold, BoJ money printing and Cyprus

Gerald Celente discusses the current news on gold, Bank of Japan money printing and the fallout from the Cypriot banking crisis. Listen to the KWN interview here