Sunday, August 31, 2014

Quote of the Week

Wat Traimit (Golden Buddha Temple). The Golden Buddha is made from solid gold and weights about 5.5 tons. Image source
O monks, just as a goldsmith tests his gold by melting, cutting and rubbing. Sages accept my teachings after full examination, and not just out of devotion.

Śāntarakṣita 725–788 AD

SD Metals & Markets - Is Ebola a Manufactured Crisis to Bring in Martial Law?

From SilverDoctors

MH370 & ISIS


Why September Should Be Glowing for Gold

Aug. 28 (Bloomberg) –- In today’s “Global Outlook,” Bloomberg’s John Dawson takes a look at gold prices on “On The Move Asia.”

Saturday, August 30, 2014

Gold Averages the Biggest Gains in September

Got Gold?  Image from Goldcore

Weekend Chillout - How to Talk Australians

I thought we best have some comedy this week to allow us to forget for a moment the drums of war. The following videos are part of a very funny satire series on the Australian / Indian cross cultural interchange. Remember this is humour, you know that form of performance art that over-emphasises attributes to get a laugh and make a point. To view the whole series go here. The following videos are my favourites so far.

From How to Talk Australians

Warning the following video contains coarse Australian language and a lesbian scene.

Thursday, August 28, 2014

Gold Is No One Else’s Liability

Note gold is up 2% in AUD and 6.6% in USD since the 

Aug. 28 (Bloomberg) –- Anthem Vault CEO and Founder Anthem Blanchard discusses gold prices from a retail perspective, how we could see an uptick in the coming months and his company’s “Inncoin” project with Rishaad Salamat on Bloomberg Television’s “On The Move.”

Clarke and Dawe - Some Slight Difficulties in the Workplace

All the World's Gold came from Collisions of Dead Stars

(CNN) -- All that glitters is not gold, they say. But all the gold in the world may come from astronomical events that send a lot of high-energy light out in space.
Researchers have new evidence that gold comes from the collision of neutron stars.
"We can account for all the gold in the universe from these collisions," said Edo Berger, astronomer at the Harvard-Smithson Center for Astrophysics. Berger spoke about these results, submitted for publication in The Astrophysical Journal Letters, at a press conference Wednesday.

Read more

Global Precious Metal Roundtable with Ronald Stoeferle, Jan Skoyles, Koos Jansen and Jordan Eliseo

Jordan Eliseo is back with a long overdue precious metal roundtable featuring regular guests Ronald Stoeferle from Incrementum AG in Austria, Jan Skoyles from the Real Asset Company in London, and special guest Koos Jansen, joining from Amsterdam.

Wednesday, August 27, 2014

Putin is ready for a big fight

Colin Chapman, President of the New South Wales chapter of the Australian Institute of International Affairs, outlines the motives behind Russia's military buildup in eastern Ukraine.

Peter Hug - There’s Still An Underlying Bid For Gold

From Kitco NEWS

The Corbett Report on MH17

From corbettreport

Tuesday, August 26, 2014

Martin Weiss: "We’re Already in Cold War 2.0" - So What Does This Mean for Gold?

From Kitco NEWS

How to Make the World's Most Expensive Cigar

Aug. 20 (Bloomberg) –- At a price of $1000 per stick, "His Majesty's Reserve" is the most expensive cigar in the world. Gurkha Chief Executive Officer Kaizad Hansotia says the "HMR" is enjoyed by Bill Clinton and Matthew McConaughey. Hansotia spoke with Bloomberg at the company's cigar factory in the Dominican Republic.


Axel Merk - Fed is at Fault for Everything-Including ISIS and Ukraine

From Greg Hunter

Placard of the Week

How One U.S. Watchmaker Is Building a $95K Rolex Killer

Aug. 26 (Bloomberg) –- Roland Murphy is the only mechanical watchmaker who crafts his timepieces almost entirely in the U.S. He shows Bloomberg how he uses a blend of modern technology and old world engraving techniques to make watches that cost upwards of $95,000

Simon Black - How Adolf Hitler screwed me


World War II ended nearly 70 years ago. Yet the ramifications of this event… and the consequences of a single person’s decisions from decades past… still affect people’s lives to this day. Even where you’d least expect it… something as simple and innocuous as a routine passenger flight decades later… gets disrupted because of idiotic decisions made today.
 click on image to access the podcast

Alasdair Macleod - Welcome To The New Silver Fix Kludge


Monday, August 25, 2014

Sunday, August 24, 2014

Saturday, August 23, 2014

#MH17 #Ebola and the US Police State


Jay Taylor: Massive Stampede Mania is Coming in Gold & Silver!

From SilverDoctors

Tweet of the Week

Former Mafia Boss says Wall St is shady and advises to buy Gold and Silver instead of Shares

Former mob boss Michael Franzese thinks investors should avoid the U.S. stock market, but should you take his investment advice?

"There's a bubble there that's going to burst at some point and when it does it's not going to be good," Franzese, a former mob boss for the Colombo crime family in New York who has become an author and motivational speaker, told CNBC.

It's not just the valuations. He's got another reason for advising investors to keep their money off Wall Street.

"I did a lot of things at times with people on Wall Street," said Franzese, who believes there is still a contract out on his life. "A lot of guys are shady and they did shady things with me and I don't trust them. And I don't like other people that I don't know really well taking care of my money. I think that I can do it better."

He advises investing in gold and silver physical bars.

Friday, August 22, 2014

Weekend Chillout: Waldeck - Memories

Thanks to Koos Jansen (twitter: @KoosJansen)  for this week's Weekend Chillout selection.

The act known as Waldeck is the work of one Klaus Waldeck, a producer for Vienna's Spray Records, home to work by Kruder & Dorfmeister and Count Basic.

Keiser Report: Economy Crapification with Jim Rickards

From RT

Published on Aug 21, 2014

In this episode of the Keiser Report, Max Keiser and Stacy Herbert imagine a 3-D printed lawyer glut and bankers having their way with subprime mortgage bonds and then dumping them on unsuspecting pension funds.

In the second half, Max interviews Jim Rickards, author of Currency Wars and the Death of Money, about the financial environment looking a whole lot like 1987 when markets tumbled by 22% in a day. They also discuss whether San Diego leveraging up on risk or Japan running out of steam could be the trigger for the big sell-off.

Keiser Report: End of No-Alternative-To-Dollar Era

From RT

Published on Aug 16, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert note that as the Empire collapses, they’ve killed all the boogeymen and yet blood for oil has not helped create escape velocity. They also discuss what the return of humpback whales and great white sharks to the waters off Manhattan can tell us about the end of a monoculture in fiat currencies where the dollar has reigned supreme.

In the second half, Max interviews Dr. Michael Hudson about the war machine, Judge Griesa's ruling, super imperialism and the end of a 60 year cycle in which there was no alternative to the dollar.


Thursday, August 21, 2014

Run Away!

I am not sure if these Shanghai train passengers are just selfish bastards or if they are practising for when ebola reaches overcrowded China.

CrossTalk: The Secret of Putin's Success

From RT


Without privacy we can’t have a free democracy’ - Former MI5 officer Annie Machon

From RT

Brother JohnF - Silver Update: Just In Time

Silver Update 12 Aug 2014. From BrotherJohnF

Tuesday, August 19, 2014

Dilbert for Left Handers


Five Watches That Are More Expensive Than a Bugatti

Aug. 14 (Bloomberg) –- Patek Philippe is often considered one of the most prestigious luxury brands in the watch industry, but just how much are they worth? RANX takes a look at five of the highest-priced Patek timepieces ever sold at auction.

Frank Holmes - When Yellen Pulls Away The Punch Bowl, Will Rates Rise?

From Kitco NEWS

Keiser Report: End of No-Alternative-To-Dollar Era

From RT

Published on Aug 16, 2014

In this episode of the Keiser Report, Max Keiser and Stacy Herbert note that as the Empire collapses, they’ve killed all the boogeymen and yet blood for oil has not helped create escape velocity. They also discuss what the return of humpback whales and great white sharks to the waters off Manhattan can tell us about the end of a monoculture in fiat currencies where the dollar has reigned supreme. In the second half, Max interviews Dr. Michael Hudson about the war machine, Judge Griesa's ruling, super imperialism and the end of a 60 year cycle in which there was no alternative to the dollar.

Monday, August 18, 2014

Boom Bust - Jim Rickards on Europe

From Boom Bust

David Morgan - Gold, Silver and the bottoming process for the sector

From silver

SD Metals & Markets: Cartel Rings in New Silver Fix With Massive Raid

From SilverDoctors

Paul Craig Roberts on the Flight from Dollar

From Greg Hunter

Richard Gage: Architects and Engineers for 9/11 Truth

Whilst not discounting Richard Gage's theories, particularly in regards to the WTC7 building collapse, I still feel Dr. Judy Wood's conclusions regarding the structural events and anomalies in NewYork on 911 are more compelling. Read my post on Dr. Judy Wood's work here

From MediaOne Services

Saturday, August 16, 2014

Bix Weir - The “NEW” Silver Fix is a Joke


Silver Slammed Over 2% when the London Silver Price announced

Well that was a great start to the new LBMA Silver Price (see here for details of new London Silver Price), from the moment the London Silver Price was announced (at 12:02 London time) the Silver Market tanked by over 2% in the following hour, hardly an accurate pricing mechanism.

Chart from

The First LBMA Silver Price

Press Release from

Friday, August 15, 2014

CME Group, LBMA and Thomson Reuters launches the first LBMA Silver Price today.

The London Silver Fix has been a global benchmark for 117 years and the new price will provide pricing and liquidity continuity for market participants. The new electronic auction process increases transparency and the potential number of direct market participants. The LBMA Silver Price provides a fully IOSCO-compliant solution to the London bullion market and streamlines the dissemination of data to numerous data vendors. Our intention throughout the market consultation and implementation process has been to minimise any possible disruptions and facilitate a seamless transition for the market. This has been achieved today through the partnership with the CME Group and Thomson Reuters.

CME Group provides the electronic auction platform on which the price is determined and Thomson Reuters, as the LBMA Silver Price benchmark administrator, is responsible for administration and governance. The LBMA will accredit price participants and own the intellectual property rights. The benchmark price will continue to be published and distributed by various data vendors and will be available on the LBMA’s website.

The market has met the challenges imposed by not only the short time-frame but also by the practical implementation of the new auction platform and governance procedures. Given the strong market engagement in the live testing and accreditation process, the LBMA fully expects the list of price participants will grow over the coming weeks as more participants meet the formal requirements to participate in the LBMA Silver Price. These participants include banks, trading houses, refiners and producers.

Although the accreditation process has been undertaken quickly and efficiently, the tight schedule and time of year has imposed constraints on some potential participants meeting the 15th August deadline. Price participants were required to secure internal sign-off on the necessary credit, legal, compliance and IT requirements. This means that it was not possible to accredit by the 15th August all those who participated in the live trials and who are at various stages of satisfying the requirements for accreditation. The LBMA will continue to publish LBMA Silver Price Participants on its website as they are accredited.

Further information about LBMA Silver Price including a set of FAQs is available on the LBMA’s website.

Ruth Crowell, Chief Executive of the LBMA commented
“I am delighted that the first LBMA Silver Price will be launched today. This is the culmination of an intense three month period of consultation, discussions and preparation. I would like to take the opportunity to thank all those who have been involved in the process. The LBMA has been overwhelmed with the support that it has received from its partners, CME Group and Thomson Reuters as well as LBMA members and other participants in the wider market.
Without the engagement and support of the market we would not have been able to implement the solution. I would also like to extend my thanks to those who have already achieved accreditation as a price participant and to those who are progressing towards accreditation. Last and not least, I would like to thank both CME Group and Thomson Reuters who have pulled out all the stops to ensure that the LBMA Silver Price was launched on schedule. To have satisfied all of the legal, compliance, regulatory and IT requirements in such a short window is testament to their dedication and support for the London Bullion Market.”

For further information please contact Aelred Connelly, PR Officer, on
Tel: +44 (0)20 7796 3067 or

About the London Bullion Market Association
The LBMA is the international trade association that represents the wholesale over-the-counter market for gold and silver bullion. The LBMA undertakes many activities on behalf of its members and the wider market, including the setting of good delivery and refining standards, the organisation of conferences and other events, and serving as a point of contact for the regulatory authorities. For more information, please visit

Friday, August 15, 2014

Weekend Chilllout - Good Morning Vietnam

Missing the brilliance of Robin Williams.

Ferguson fury flows nationwide: Thousands rally in more than 80 US cities

From RT

Published on Aug 14, 2014

Americans' fury over the police killing of an unarmed Missouri teenager is spreading nationwide - even bringing New York's Times Square to a standstill. Thousands gathered there in one of the biggest protests - not only to mourn Michael Brown, but to show a united front against police brutality. READ MORE:

Keiser Report: Ugly Face Behind US Economy

From RT

Published on Aug 14, 2014

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the Portrait of Uncle Sam aging horribly in the basement of Fort Knox and on the real economic data charts while flouncing around the world as if a spritely and handsome young thing. In the second half, Max interviews Nick Lambert and David Irvine of MaidSafe about reinventing the internet with proof of resource and decentralization.

Thursday, August 14, 2014

World Gold Council - Gold Demand Trends Q2 2014

Executive Summary:

In line with our expectations,1 Q2 gold demand of 963.8 tonnes (t) was considerably weaker year-on-year – 16% below Q2 2013’s 1,148.3t. Sharp declines in the consumer segments of gold demand came as no surprise, given the stark contrast in conditions in the global gold market between the two time periods. Jewellery demand was almost a third lower, while bar and coin investment was less than half Q2 2013 levels. Gold ETFs saw modest outflows of 39.9t, which were far smaller than the 402.2t of outflows seen during the year-earlier period. The net impact on overall investment was a modest 4% year-on-year increase.

Access report here

Top News Story on Australia's leading news site - Not a good look for the Land of the Free

Story link:

Joe Rogan Experience with @AbbyMartin

From PowerfulJRE

The Petro Dollar and the House Of Saud

George Galloway and Abby Martin - Solutions on ISIS Crisis & Gaza Massacre

From breakingtheset

Published on Aug 8, 2014

Abby Martin features an interview with UK politician George Galloway, discussing the violence in Gaza and the latest airstrikes the US military has launched against Islamic militants in Iraq.

Clarke and Dawe - The Exceptions that Prove the Rules

From ClarkeAndDawe

Ron Paul: The sooner we get out of Iraq the better

From RT

Peter Schiff - Gold Update

From Greg Hunter

Jim Rickards & Peter Schiff Discuss Global Gold Markets

From Peter Schiff

Ronald-Peter Stöferle: Gold, Silver and Monetary Tectonics (Inflation vs Deflation)

From Goldbrokercom

TDV: Jeff Berwick on Elicit Talk with Elissa Hawke

From TheDollarVigilante

Wednesday, August 13, 2014

Tolas and Luongs

Hi all, I just read something that made me fully understand what a Tola is and as a result why the digits 375 are often a reference point in the precious metal industry.

From The Hindu Business Online

At the centre of it all was the rupee, which, since 1835, had been a silver coin containing one tola (0.375 troy ounces) of the metal of 91.67 per cent fineness. Besides being a token coin made of silver, it was freely convertible against the pound sterling at a fixed exchange rate of 1s 4d.

As India had the world’s largest economy from at least the year 1000AD into the late 17th century, Indian financial measurements were in used across the Indian sphere of influence, which spread over all of SE Asia via religion and trade. When the French introduced the metric system across their colonies in the early1800's - Vietnam, Laos, Cambodia and part of South China the 375 number was converted into grams. With 37.5 grams being referred to as a Mot Luong or simply a Luong, then from there decimal factions of a Luong such one tenth being 3.75g.

From wikipedia:

In French Indochina, the colonial administration standardised the tael (lạng) as 100 g, which is commonly used at food markets where many items typically weigh in the 100–900 g range. However, a different tael (called cây, lạng, or lượng) unit of 37.5 g is used for domestic transactions in gold. Real estate prices are often quoted in taels of gold rather than the local currency over concerns over monetary inflation.

India's Inflation Rate Running at 8% But Those Holding Gold Unaffected

Slightly old news but if you weren't aware India's official inflation rate is currently 8% (see here) and the Reserve Bank of India are discussing measures including an inflation target of 6%. But with the average Indian spending up to 50% of their income on food, weather and crop yields are more likely to have influence on the inflation rate than a few guys at the RBI leaning on financial levers.

Interesting to note that those Indians that choose to save in the local INR currency are down 8% (less any interest earned after tax - one 1week rates are 4%). Versus those who saved in gold whom are even (gold is up 8% in INR this year - see table)

Aug. 13 (Bloomberg) -- India’s consumer-price inflation quickened more than economists estimated, adding pressure on central bank Governor Raghuram Rajan to keep interest rates elevated even after factory output slowed. Haslinda Amin has more on "First Up." 

Putin vs. the Fed

CNBC's Jeff Cox, and Larry McDonald, Newedge USA, debate whether the Federal Reserve or geopolitics have a greater impact on the market. "Shark Tank's" Kevin O'Leary thinks Russia is the big story. 

Lest we Forget

Andrew Hoffman--The Postal Wasteland Non-Industrial State


Hitler is called by Mrs. Doubtfire

Hitler Rant Parodies pays tribute to Robin Williams.

From Hitler Rants Parodies

Tuesday, August 12, 2014

Ellis Martin Report with David Morgan

From Ellis Martin

Brother JohnF - Silver Update: Coordinated Collapse

From BrotherJohnF

As Flash as a Guy with a Gold Shirt

Gold Holds $1,300; Focus on U.S. Inflation Data This Week

From Kitco NEWS

Obama Announces Targeted Airdrops Of Bombs & Food To Iraq

From The Young Turks

Published on Aug 11, 2014

"President Obama announced Thursday that he had authorized targeted airstrikes in Iraq and carried out a humanitarian airdrop to aid thousands of religious minorities trapped in the mountains by Sunni militants.

Karl Denninger on Fraud and Regulation

From Boom Bust

Published on Aug 2, 2014

Libertarian blogger Karl Denninger talks about the failure of the government and regulators to reign in the excesses of the financial sector. He also looks at the similarities between Occupy Wall Street and the Tea Party.

David Morgan Reveals the Extraordinary Drivers in Silver

From silver

Monday, August 11, 2014

Ebola Outbreak Hits African Economies Hard

From Al Jazeera English

Published on Aug 10, 2014

The outbreak of the deadly Ebola virus in West Africa is having an impact on the region's economies. Nearly a thousand people have died and the disease is hurting trade with other countries. Al Jazeera's Mohammed Adow reports from Lagos.

Modern Marvels - Silver Mines

Forty-Four minutes of hardcore Silver porn.

Dominic Frisby - Why Gold is the Currency of the Free

Breaking The Set - Stopping Ebola & Airstrikes in Iraq

From breakingtheset

SD Metals and Markets with T Ferguson

From SilverDoctors

Counting the Cost - Ebola: The Economic Fallout

From Al Jazeera English

Published on Aug 10, 2014

Macky Sall, Senegal's president, talks to Al Jazeera about the disease and its economic impact.

Sunday, August 10, 2014

Keiser Report: Banana Republicazation

From RT

Published on Aug 9, 2014

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the free trade rackets like CAFTA, which was pitched to the public in 2005 as a way to halt mass migration from Central America into the USA. The argument went that the ‘free trade’ deal would cause both economies to boom and so there would be no reason for immigrants to come to the USA. Instead, subsidized agricultural products have devastated the livelihoods of millions in Central America, exacerbating the consequences of the devastating drug war.

In the second half, Max interviews Simon Rose, Campaign Manager for, a cross-party group fighting to get Britain out of Europe.

Russia Sanctions US, EU and , U.S. Bombs ISIS

From Greg Hunter

Saturday, August 9, 2014

Weekend Chillout - Wrong Impression

With all the confusion in the markets and in the world this week one could easily get the wrong impression of what is happening.

SGTReport - The US is now a Rouge State


Friday, August 8, 2014

Keiser Report: Great Cake Collapse

From RT

Published on Aug 7, 2014

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the headlines which prove that a great empire, like a great cake, is most easily diminished at the edges.

In the second half, Max interviews Peter Greenhill, Head of e-Gaming Development for the Isle of Man, about e-gaming and cryptocurrencies on the island. They also discuss why the Queen has no crown on the currency notes of the Isle of Man.

Grief, destruction & mayhem: 'Ukraine in complete disaster'

From RT

Marc Faber on Global Markets, U.S. Stocks and Fed

Aug. 7 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom Report, talks about the performance of global markets, U.S. equities, Federal Reserve policy and investment strategy. Faber speaks with Trish Regan on Bloomberg Television's "Street Smart."


80 cents fair value for Aussie dollar?

Gold Rises as Obama Authorizes Air Strikes On Iraq

Gold spiked overnight on the US going back, if mainly in the skies so far, into Iraq. Note the bullish double seahorse pattern forming in the gold price.

 image from

From Port News

Dinesh D’Souza - Obama Wants to Reduce America’s Influence Globally

From Greg Hunter

Published on Aug 5, 2014 Author and film producer Dinesh D’Souza has a new best-selling book and movie version out. D’Souza says, “In the movie called “America,” the subtitle is “Imagine a world without her.”

Dr Ben Carson on Ebola

The Golden Age of Silver

Oh those enlightened times when all peoples knew that silver was a precious metal and not just a colour. Thanks to The Doc for the heads up on this video.

Published on May 21, 2012

The Golden Age of Silver, A BBC Production with the Birmingham Assay office as a Key Contributor.

The Next War will be Fought with Lasers

Remember all those science fiction books and movies predicting future wars would be fought with lasers, well they were right!

Published on Aug 5, 2014 The night of 4 August, activists of the initiative group of Moscow students projected for the United States Embassy building an unusual picture. Image resembled the face of Barack Obama.

Indian businessman flaunts his wealth by having 4kg shirt made from precious metal


An Indian textile magnate who made a fortune from his clothing empire is making sure the rest of the world knows about his success - by having a shirt made out of pure gold.

Although he left school without any qualifications Pankaj Parakh created a multi-million pound textile business in India.

And now, to celebrate his upcoming 45th birthday on Friday, he has commissioned the solid gold shirt that weighs more than four kilos.

Read more:
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Century of Enslavement: The History of The US Federal Reserve

From corbettreport

What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important question and pulls back the curtain on America's central bank.

Marc Faber - I Expect a Big Stock Selloff in the Fall

From Bloomberg News

Published on Aug 7, 2014 Aug. 7 (Bloomberg) -- “Gloom, Boom and Doom Report” Editor and Publisher Marc Faber discusses his forecast for U.S. stocks with Trish Regan on "Street Smart."

Thursday, August 7, 2014

Clarke and Dawe - An Exciting New Interpretation of The Text

From ClarkeAndDawe

Russian invasion would be a bloody mess

Keiser Report: Energy Hoax?

From RT

Published on Aug 5, 2014

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss how the UK stopped worrying and learned to love the FRACK! For there can be no mine-shaft gap, nor fracking well gap. In the second half, Max interviews precious metals expert, Alasdair Macleod, about the Argentine default, China’s gold and London’s gold fix.

Breaking The Set - How the US Military Took Over the African Continent

From breakingtheset

Published on Aug 6, 2014

Abby Martin speaks with Kambale Musavuli, national spokesperson for Friends of the Congo, discussing the 2014 Africa Summit and the backlash against US policy in the African continent.

Tirumala Tirupati Temple Deposits 1,800 kg Gold

Image from
From IBTimes

Article link

Tirumala Tirupati Devasthanams (TTD) has created record for the biggest gold depositor in State Bank of India (SBI) on Saturday, when it deposited devotees' gifts to deity Sir Venkateswara Swamy, including 1,800 kgs of gold.

TTD already has pure gold deposits of 4,335 kgs in SBI, Corporation Bank and Indian Overseas Bank. Saturday's gold deposit in SBI is for a period of five years under 'Gold Deposit Scheme'. As part of a tradition, devotees present the deity gold, silver and cash everyday.

TTD Executive Officer MG Gopal handed over the gold symbolically in Tirupati to SBI Chairperson Arundhati Bhattarcharya, who gave the provisional certificates.

According to a report in The Hindu, the Government Mint in Mumbai will melt the gold, and pure gold of 0.995 will be taken as deposit. For the gold deposit, SBI will bear the transportation, transit insurance, melting and refining charges.

TTD earns a collective annual interest of 70 kgs of gold on gold deposits in the aforementioned banks. In 2010, the TTD converted its interest on deposits into gold form and deposited in banks again.

On the 1,800 kgs gold deposit, TTD will earn one percent of gold as interest, Gopal said. The decorative ornaments gifted to the deity will remain with the temple, he added.

Read more

Brian Cox - Everything is Connected to Everything Else

Professor Brian Cox explains the Pauli Exclusion Principle, which seems to validate Martin Armstrong's Ripple Theory of Time.

Abby Martin - Top 5 Most Absurd Pretexts for War in Modern History

From breakingtheset

Published on Aug 5, 2014

Abby Martin remarks on the 50th Anniversary of the Gulf of Tonkin incident, going a few of the most absurd pretexted for war in modern history.

Jim Willie - Derivatives Casino Is Wobbling Tower

From WallStForMainSt

Russia hits back with agricultural bans for sanctioning countries

From RT

Tuesday, August 5, 2014

World Economy the Last 1,000 Years

Notice how the Indian and Chinese economies were decimated after the British Empire forced them off their Silver Standard in the first two decades of the 20th Century.

 image from Armstrong Economics blog

Doug Casey and Vanessa Collettte on Geographically Diversified Wealth

From Cambridge House

Ebola and Platinum

Whilst obviously not wishing this situation to occur, I discussed the topic of Ebola and South African mining with an old African hand and friend today.

Whilst hopefully an outlier event we posited:

What would happen if Ebola came to Rustenburg?

Ebola was first identified in 1976 and there have been several significant outbreaks since, but fortunately they were largely contained to area of the outbreak. This latest outbreak seems significantly worse, particularly now that the first two cases have been reported in Africa's most populated (and densely populated) city - Lagos, Nigeria (read here and here).

We assume in earlier days the mobility of rural West African villagers was greatly less than it is now. With growing economic activity, urbanisation and improving infrastructure (the Chinese have been building modern roads and railways throughout Africa to facilitate agricultural and mineral exports) travel between rural and urban and then between distant urban areas has greatly increased. People who struggled to travel to the next town 20 years ago are now able to afford bus, train and air travel. Trucks now travel throughout the continent as inter-Africa trade increases. With a 3 week incubation period an ebola infected truck driver could leave Lagos and travel to South Africa and return before they even felt sick, potentially infecting many people along their route. 

Now what if such an infected person passed on Ebloa to a miner in Rustenberg, the heart of South Africa's platinum mining belt? Do you think it could be contained in the crowed and filthy mine camps or amongst the close and hot working conditions of miners deep underground? Even if some miners were infected and isolated quickly, do you think unaffected miners would hang around getting near slave wages or would they run away?

The recent strikes in Rustenburg severely affected mine output and spiked the platinum price (80% of the world's platinum is mined in this area), but all parties knew that the strikes be would resolved eventually by throwing money at the problem. But if ebola was to affect miners and shut mines no amount of money is going to fix those affected.

A typical miner's camp

Miners sitting on the ground and crowed together for no apparent reason


Miners in the close and hot conditions of an underground Platinum mine

Sunday, August 3, 2014

SD Metals and Markets - David Morgan On the Dollar's End-Game

From SilverDoctors

Permanent Porfolio with Jordan Eliseo

From Bullion Magazine

Gold - How its Processed

Shirts Made With Pure Silver

Bangladesh sees sharp rise in gold smuggling

From Al Jazeera English

Published on Aug 2, 2014

There's a gold rush in Bangladesh as border patrols catch a record numbers of smugglers. Authorities say tax increases on imported gold from neighbouring India is behind the huge increase. Al Jazeera's Maher Sattar reports from Dhaka's International Airport.

Remembering Better Times with Vladimir Putin

Remember when everyone in the West loved Vlad? I think he even followed this song with a rendition of Kumbaya and everyone in the room joined hands. What innocent days they were, if only we could think about the children.

Gold Seek Radio Double Play - Peter Schiff and John Embry

From Radio

Saturday, August 2, 2014

Keiser Report: America's Kleptocro-Oligarchy

Classic Max Keiser. Max interviews one of his best mates Mitch Feierstein

Published on Jul 31, 2014

In this episode of the Keiser Report, Max Keiser and Stacy Herbert ask “is the Fed fuelling bubbles?” An opinion piece in USAToday says, ‘no, this time it’s different (due to zero percent interest rates).’ Another opinion piece from former academic turned fund manager, John Hussman, says there IS a bubble and it’s matched only in size by the 1929 bubble. In the second half, Max interviews Mitch Feierstein of about George Osborne’s ponzinomics and Janet Yellen’s bubbles. Mitch also has some charts! These charts show that equity markets in 2014 look a whole lot like the ‘recovery’ and then second crash during the previous Great Depression.

Friday, August 1, 2014

Weekend Chillout - Dancing in the Dark

With war and sanctions to try and lead all of us into a war to really end of all wars, it seems the worlds "leaders" are dancing the Danse Macabre into the night.

What's in the Redacted 28 Pages of the 911 Report?

From TheBlaze