Saturday, December 19, 2015

Russian Tourists don't need Turkey

As you might have worked out your blogger is on holiday in Thailand. I have been in Phuket for the last few days going on sightseeing and snorkeling trips to the offshore islands in the Indian Ocean. One thing that stuck me was the mix of foreign tourists, overwhelmingly Chinese and Russian. Actually I can't remember anyone I met in the last three days speaking English. The only English I have heard is a few Thai tour guides attempting to explain things in English to their Russian clients.

Going into the main tourist spots there are Russian restaurants and signage alongside with signs only in Thai and Chinese.

Why would a Russian tourist go to run down Turkey when they could come to Thailand and stay in a new hotel and explore national park islands with guides that actually like them.

Thursday, December 10, 2015

The Kilo Bar standard comes to Thailand

Seen in a bullion dealer's window in a shopping centre in Bangkok.

Sunday, December 6, 2015

Weekend Chillout - Bobo at the Coogee Bay Hotel

I hope all my followers are having a relaxing weekend. I found myself in hipster central on Saturday afternoon - beards, kale, tats and the talented Borbála Bodonyi (aka Bobo) keeping the crowd in order with some fine tunes.

Bobo chill'n the crowd at the Coogee Bay Hotel, Sydney. 

Saturday, November 21, 2015

Sunday, November 15, 2015

Weekend Chillout - Love Hurts

David Morgan - Perfect Storm of Events Could Send Precious Metals Soaring

From CrushTheStreet

Craig Hemke - Get Physical Metal Because the End is Coming

From Greg Hunter

Mike Maloney - Why Is USA's Gold Flowing East?

From Mike Maloney

David Icke - Actors On Their Stage

From David Icke

The Root of Gold Conspiracy Theories

By Keith Weiner

Article link

November 10, 2015

Most people who own or trade gold have a higher price in mind, a price determined by what they think the metal is worth in dollar terms. That’s normal. However, some make a leap from the fact that gold doesn’t trade at this price today, to belief in manipulation. Short sellers—who are sometimes supposed to be illegally profiting, and sometimes said to be not-for-profit—come in to the market and sell the metal down. Or so the theory claims.

This theory is not true, and I plan to show the data to prove it in a future article. For now, I want to discuss the fallacy at the core of it.

The error is dollar thinking.

What do I mean? Simply, most people assess the value of something based on its price in dollars. If nefarious parties could somehow suppress the price of gold, then they could undermine its value. That would be an evil act. How could one not feel something, at such a crime against the natural order? It’s personal too, an attack on your very wealth. You buy gold to protect yourself from a likely dollar collapse, and instead find you are losing your wealth. You’re forfeiting it to the very monetary planners from whom you thought gold would protect you from in the first place: the central banks.

Let me suggest that this is the wrong way to think about it. Gold does not go down (or up). Gold cannot be properly measured in dollars.

Let’s start with an example of measurement. Suppose you’re cutting some boards to build a house. You use a meter stick to tell you the length. For example, a board is 3 meters long. You would never wonder how many boards long a meter is. That’s because a board is not a good measure of length. The length of one board is not the same as the length of another. And, the length can change, for example by cutting it with a saw. The meter doesn’t change, but boards do. Therefore, boards are measured in meters.

The same applies to economic value. The value of the dollar varies from one day to the next and, of course, it falls over long periods of time.

So the question is not: how many dollars is an ounce of gold worth? The question is: how many ounces is a dollar worth? Far less than an ounce, it’s about 27 milligrams.

When you look at this way, things becomes clearer. It’s the dollar that goes down, not gold that goes up (the dollar can also go up, as it has since 2011, due to pressure on debtors).

One implication of this is that a rising gold price does not provide a profit to gold owners. Sure you have more dollars, but each dollar is worth proportionally less. For example, if the price of gold in dollars goes from $1,110 to $2,220, then that’s just the mirror image of the dollar going from 28 to 14 mg gold.

Conversely, if the price of gold falls, it’s just an increase in the dollar. So what? If the dollar goes up, it is not important (or permanent). Why worry if the price of something you don’t own goes up? I didn’t own bitcoin when it went up from a few dollars to $1,200. I didn’t worry about it, either.

Many gold owners do worry about a rising dollar, which they think of as a falling price. Why? They say the dollar will soon be worthless (it will be worthless one day, but not as soon as many say), so they buy gold. And then they get upset when the collapse doesn’t happen, and the dollar strengthens.

The dollar collapse is just their backstory. The real reason they buy gold is to sell it. They want more dollars, no matter what they say about hyperinflation. They want profits, which they think of in dollar terms. As I said above, you can’t profit from a rising gold price (unless you use leverage).

So cheer up. Most people do have a dollar income and assets. A dollar collapse will be a disaster, but a flat or falling price of gold supports the dollar, and hence, most people.

If you have a dollar denominated income or assets, then here is a simple step you can take. Measure it in gold. For example, suppose you have real estate and stocks totaling $1,100,000. Divide that by the current price of gold—about $1100—and you are worth 1,000 ounces. If it goes down next year, despite hard work and risk, then you have become poorer. You would actually have been better off simply holding gold—even if your net worth goes up in dollar terms.There’s no reason to sweat a drop in the gold price or cheer a rise.

Inside Story: How should France deal with aftermath of Paris attacks?

From Al Jazeera English

Published on Nov 14, 2015

Presenter: Adrian FinighanGuests:Julien Theron - Political Scientist at the University of Versailles and Paris.Francesco Ragazzi - Associate Scholar at the Centre for International Studies and Research.Virginie Guiraudon - Research Professor, Centre for European Studies in Paris.

Sydney in Solidarité with Paris

Vive la France!

Thursday, November 5, 2015

9/11 Fourteen Years Later

By Paul Craig Roberts

Article link

Millions of refugees from Washington’s wars are currently over-running Europe. Washington’s 14-year and ongoing slaughter of Muslims and destruction of their countries are war crimes for which the US government’s official 9/11 conspiracy theory was the catalyst. Factual evidence and science do not support Washington’s conspiracy theory. The 9/11 Commission did not conduct an investigation. It was not permitted to investigate. The Commission sat and listened to the government’s story and wrote it down. Afterwards, the chairman and cochairman of the Commission said that the Commission “was set up to fail.” For a factual explanation of 9/11, watch this film:

Here is a presentation by Pilots For 9/11 Truth:

Here is an extensive examination of many of the aspects of 9/11:

Phil Restino of the Central Florida chapter of Veterans For Peace wants to know why national antiwar organizations buy into the official 9/11 story when the official story is the basis for the wars that antiwar organizations oppose. Some are beginning to wonder if ineffectual peace groups are really Homeland Security or CIA fronts?

The account below of the government’s 9/11 conspiracy theory reads like a parody, but in fact is an accurate summary of the official 9/11 conspiracy theory. It was posted as a comment in the online UK Telegraph on September 12, 2009, in response to Charlie Sheen’s request to President Obama to conduct a real investigation into what happened on September 11, 2001.

The Official Version of 9/11 goes something like this:

Directed by a beardy-guy from a cave in Afghanistan, nineteen hard-drinking, coke-snorting, devout Muslims enjoy lap dances before their mission to meet Allah. 

Using nothing more than craft knifes, they overpower cabin crew, passengers and pilots on four planes.

And hangover or not, they manage to give the world’s most sophisticated air defence system the slip. 

Unfazed by leaving their “How to Fly a Passenger Jet” guide in the car at the airport, they master the controls in no-time and score direct hits on two towers, causing THREE to collapse completely. 

The laws of physics fail, and the world watches in awe as asymmetrical damage and scattered low temperature fires cause steel-framed buildings to collapse symmetrically through their own mass at free-fall speed, for the first time in history.

Despite their dastardly cunning and superb planning, they give their identity away by using explosion-proof passports, which survive the destruction of steel and concrete and fall to the ground where they are quickly discovered lying on top of the mass of debris.

Meanwhile in Washington

Hani Hanjour, having previously flunked Cessna flying school, gets carried away with all the success of the day and suddenly finds incredible abilities behind the controls of a jet airliner. 

Instead of flying straight down into the large roof area of the Pentagon, he decides to show off a little. 

Executing an incredible 270 degree downward spiral, he levels off to hit the low facade of the Pentagon. 
Without ruining the nicely mowed lawn and at a speed just too fast to capture on video.

In the skies above Pennsylvania 

Desperate to talk to loved ones before their death, some passengers use sheer willpower to connect mobile calls that would not be possible until several years later.

And following a heroic attempt by some to retake control of Flight 93, the airliner crashes into a Pennsylvania field leaving no trace of engines, fuselage or occupants except for the standard issue Muslim terrorist bandana.

During these events

President Bush continues to read “My Pet Goat” to a class of primary school children.

In New York

World Trade Center leaseholder Larry Silverstein blesses his own foresight in insuring the buildings against terrorist attack only six weeks previously. 

In Washington

The Neoconservatives are overjoyed by the arrival of the “New Pearl Harbor,” the necessary catalyst for launching their pre-planned wars.

Doug Casey - Greater Depression Already Started

From Greg Hunter

Andy Hoffman - Dollar, Debt, Default


Saturday, October 24, 2015

Jim Grant discusses the merits of Gold vs Central Bank emitted currencies

Friday, October 23, 2015

Weekend Chillout - Frances Madden at The Basement

Sorry for missing the Chillout last weekend but I was at an amazing Frances Madden jazz concert last Saturday night at The Basement nightclub. For more photos go to Frances's facebook page here

If you enjoy the Frances Madden sound you can purchase her CD here or simply search for her on iTunes and Google Play.

photo by Jeff Lewis
photo by David Vagg
photo by Jeff Lewis
photo by Rodric White
photo by David Vagg
photo by Greg Hudson

Pic of the Week

Clarke and Dawe - In Full Sail as We Head for Open Water

Friday fun....

From ClarkeAndDawe

Published on Oct 21, 2015"Malcolm Turnbull, Prime Minister" Originally aired on ABC TV: 22/10/2015

Russian Bombing In Syria Pushes The 'IS' Into Libya

From X22Report

David Morgan on Silver

From WallStForMainSt

Thursday, October 22, 2015

Keiser Report: Those Confused Investors!

From RT

Published on Oct 20, 2015

Check Keiser Report website for more:

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss confused investors, confused voters and confused central bankers, all who hope that credit will save the GDP day one day. In the second half, Max interviews Egon von Greyerz of about negative interest rates and the hoard of gold heading to China.

Gerald Celente - Trends In The News

From Gerald Celente

Axel Merk - Dollar & Stock Market Way Over Extended

From Greg Hunter

Tuesday, October 20, 2015

Rick Ackerman - Nothing Left Standing After Next Crash

From Greg Hunter

Jeff Nielson - This Entire Paradigm is run by criminals


Keiser Report: Global Sock Puppetry

From RT

Published on Oct 15, 2015
Check Keiser Report website for more:

Max Keiser and Stacy Herbert discuss sock puppetry on a global scale as the intrepid voter is convinced unemployment is plunging (while employment participation also plunges) while being hard sold on the dream of the ‘ownership society’ as fewer and fewer of them actually own any assets, let alone a home. In the second half, Max interviews Mitch Feierstein about the Fed’s secret third mandate, the Liverpool pathway, Muppet mania and ‘Glenron.’

Ron Paul on the Fed and bear markets in equities

From Boom Bust

Palisade Radio - Bear Market in Equities, Bull Market in Gold! with Mike Swanson & David Skarica

From Palisade Radio

Brien Lundin - Only Gold & Silver Will Protect You From Fiat Debasement


James Turk on the Gold and Silver Markets

From Shadow of Truth

John Butler - Currency Reset and Asset Allocation Today

From Mark O'Byrne

Tuesday, October 13, 2015

The Great Wall of Money

Monday 12th October 2015

Whether it's waterfront trophy homes or apartments off the plan, or even massive commercial developments, Chinese investment in our real estate has surged by more than 400 per cent in just five years, with as much as A$12 billion spent in the previous financial year alone. Property is now the number one Chinese investment in Australia.

So who are these investors and what do they see in Australia?

On Four Corners you'll meet members of China's super rich, the new generation of global property investors who call Australia home:

"I think this is the best period of time in Australia's history. The vast capital from China, including entrepreneurs like us, have been looking for investment opportunities worldwide." Chinese multi-millionaire property investor

Watch the report here or click on the image below.

Sunday, October 11, 2015

Mike Maloney - Banking Crisis: Bernanke Bust is Here

From Mike Maloney

The Science Delusion - Rupert Sheldrake at TEDx Whitechapel

Silver Shortage Will Destroy Paper Price Within 1 Year - Steve St. Angelo

From CrushTheStreet

David Icke on Syria

From davidicke

Silver On Track To Be Best Performing Precious Metal This Year

From Kitco NEWS

Mike Maloney - How China Will Blow Up Australia

From Mike Maloney


Jeffrey Lewis - Silver & Hyperinflation


Gerald Celente: This is a Turning Point Event

From The Daily

SD Metals and Markets - Silver Shortage Shows Signs of Easing

From SilverDoctors

Weekend Chillout - Frances Madden and Band

I was fortunate enough to see Frances Madden and band perform outdoors at the Parramatta Lanes Festival on Friday night. Great venue, sun setting over St Andrews cathedral and Australia's greatest jazz band out front. If you would like to see Frances Madden and band perform their next concert is at the newly renovated Basement nightclub next Saturday night 17th Oct, details here

Photos 1 & 3 by Harris Madden, photo 2 by your blogger

Filmed at Foundry616, Sydney

Wednesday, October 7, 2015

Keiser Report: Suicide Vest of Borrowing

From RT

In this episode of the Keiser Report, Max Keiser and Stacy Herbert ask whether or not this truly is the best time in the entire history of mankind to borrow. In the second half, Max talks to Sandeep Jaitly of about negative rates and returning capital on agricultural lands.

SGT Report with Brother JohnF


SGT Report - Silver Update


Bix Weir - Implosion and Restart of Financial System

From Greg Hunter

Friday, October 2, 2015

Weekend Chillout - Please Don't Say You Love Me

A beatuiful version of the Gabrielle Aplin song by my friend Borbála Bodonyi. If you would like to see Borbála (aka Bobo) perform live like her facebook page for gig updates.

China Dumps Dollars To Buy Gold

From Mike Maloney

Dave Kranzler on Silver and the US Middle Class


Knock Knock

Sunday, September 20, 2015

Weekend Chillout - Wade in the Water

I woke today to a coastal storm that dumped enough rain to have me wading through ankle deep water at my front door......

If you enjoy the Frances Madden sound you can purchase her CD here or simply search for her on iTunes and Google Play.

SD Metals & Markets - Bullion Banks Intentionally Causing Retail Silver Shortage?

From SilverDoctors

Thursday, September 17, 2015

Wednesday, September 16, 2015

Michael Pento on the Stock Market and Precious Metals

From Greg Hunter

Mike Maloney - Silver Shortage - Is It Real?

From Mike Maloney

David Morgan - Investment Silver Backlog

From SilverDoctors

Physical Gold is not anyone elses Promise

Sunday, September 13, 2015

Argentina's Financial Meltdown 2001

From silver

Keiser Report with Ned Naylor Leyland

From RT Shows

Published on Sep 12, 2015

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the great un-banking movement as more people choose not to “buy in” when the banking system seems rigged against them. In the second half, Max interviews investment banker Ned Naylor Leyland about the latest in yuppie gold pools and pet rocks.

Keiser Report: Zombie Economies with Gerald Celente

From RT

Published on Sep 8, 2015

In this special episode of the Keiser Report from New York, Max Keiser and Stacy Herbert discuss the global economy as a film that only Wes Craven could have directed with zombie factories and zombie banks terrify investors and politicians alike. In the second half, Max continues his interview with Gerald Celente about volatile markets and zombie economies.

Saturday, September 12, 2015

Weekend Chillout - ความรัก

Youtube suggested this song to me earlier this week. I can only understand about 10% of the lyrics, but being a pop song that is probably for the best.


Friday, September 11, 2015

Gold Bears

Its Fat Friday- Wahoo! And on Fridays the only Gold Bears that are acceptable are these little fellows.

Wednesday, September 9, 2015

David Morgan: Silver Update

From Greg Hunter

TED talk on building connections with your audience, clients and friends

From TEDx Talks

Magicians have mastered the art of understanding different perspectives in order to create illusions and connect with the audience. Brian Miller explains how he used that skill to create magic for a blind man. Then he shares how you can use the same technique to make better, more meaningful connections with people in your life, personally and professionally.

Jim Rickards: "The System Is Highly Unstable If Confidence Is Lost, It Can Melt Down Very Quickly"

From Sprott US Media

Rob Kirby on the Financial Markets

From Greg Hunter

Saturday, September 5, 2015

Weekend Chillout - Frances Madden

This blogger was very fortunate to attend a jazzy jam session in a secret underground bar in Darlinghurst, Sydney this week (Tatler Sydney) with the amazing Frances Madden. Three drummers, 2 sax, a bass, a guy playing a baby grand, and Frances on vocals.

Inside look at the Silver Shortage with the CEO of the Sunshine Mint

From SilverDoctors

Thursday, September 3, 2015

Marc Faber Warns "There Are No Safe Assets Anymore"

Mike Maloney with Rick Rule - Why Has The Stock Market Crash Taken So Long?

From Mike Maloney

Saturday, August 29, 2015

Jim Rickards: Why a Rate Hike in 2015 Is Off the Table