Gold World News Flash |
- Wells Fargo Just Admitted to Robbing US Citizens by Deceiving the Govt and No One Was Charged
- Silver $100+ as China & East Takeover Price Fixing – Bill Murphy of GATA
- Silver Shield Guide
- Gold Mining Shares Topping, Drop Due
- The End Of Privacy = Risk Off And Soaring Gold
- Palisade – Sprott Monthly Market Update with Rick Rule
- Comex gold contracts likely no good for Islamic finance plan
- Austria Just Announced A 54% Haircut Of Senior Creditors In First "Bail In" Under New European Rules
- This Vancouver Home Just Sold For More Than $1 Million Above The Asking Price
- CEO Keith Neumeyer: "There's Going To Be A Major Revolt If We See Negative Rates"
- Japan Says G-20 Accord Barring FX Devaluations Does Not "Rule Out Intervention" In The Yen
- Economic Melt Down Has Begun
- James Rickards Reveals IMF World Currency Crash Conspiracy, We Need Gold Standard to Save Us
- Full Speech: Donald Trump MASSIVE Rally in Rochester, NY (4-10-16) JetSmart Aviation New York Rally
- Full Speech: Donald Trump Holds HUGE Rally in Rochester, NY (4-10-16)
- Worldwide Chaos Is Being Orchestrated by These Same People
- India subverted customs reporting rules to facilitate gold leasing in 1991
- Now India's very own gold coins
- China goes prospecting for world's gold mines
- Rick Rule – There Will Be Huge Surprises In The Silver Market
- Is Silver a Long Term Buy or Bull Trap
- Gold and Silver: Ripe for a Recovery!
- Gold And Silver - Fallacy Of East v West And Price Of Precious Metals
- Can Silver Keep Pace With Gold?
- Rickards Confirms Gold Shortages: China Wants Way More Than Can Be Obtained
| Wells Fargo Just Admitted to Robbing US Citizens by Deceiving the Govt and No One Was Charged Posted: 11 Apr 2016 12:30 AM PDT by Matt Agorist, Activist Post:
On Friday, the largest US mortgage lender and third-largest US bank admitted to deceiving the U.S. government into insuring thousands of risky mortgages. According to the settlement, Wells Fargo "admits, acknowledges, and accepts responsibility" for having from 2001 to 2008 falsely certified that many of its home loans qualified for Federal Housing Administration insurance, reports Reuters. Wells Fargo also admitted to having from 2002 to 2010 failed to file timely reports on several thousand loans that had material defects or were badly underwritten, a process that Kurt Lofrano, a former Wells Fargo vice president, was responsible for supervising. The intentional deception by this corrupt bank led to an insurmountable debt liability for American taxpayers as the FHA was forced to pay out insurance claims on all the defective loans. |
| Silver $100+ as China & East Takeover Price Fixing – Bill Murphy of GATA Posted: 11 Apr 2016 12:00 AM PDT from CrushTheStreet: |
| Posted: 10 Apr 2016 10:01 PM PDT from TruthNeverTold: |
| Gold Mining Shares Topping, Drop Due Posted: 10 Apr 2016 08:33 PM PDT Either we saw a top in the mining shares Friday or we will see it on Monday. The cycles suggest a low around April 19th and the e-wave pattern suggests a continuation higher after the bottom is put in, likely into early June. The 8 year low still looms in the fall. I still believe we will see lower prices after the spring rally terminates, and lower stock prices and a strong dollar play havoc with the commodity sector. |
| The End Of Privacy = Risk Off And Soaring Gold Posted: 10 Apr 2016 08:30 PM PDT from Dollar Collapse:
Between the “Panama papers” and the DC Madam’s customer list, we might be witnessing the end of personal (and corporate and government) privacy. The result? Less financial and geopolitical risk-taking and more gold buying. But don’t get burned by failing precious metal dealers. Here’s how to make sure you get what you pay for. |
| Palisade – Sprott Monthly Market Update with Rick Rule Posted: 10 Apr 2016 08:00 PM PDT from Palisade Radio: Rick's Three Key Ingredients for a 100-Bagger In This Bull Market. No market goes to the moon directly, and Rick is of the opinion that a natural price consolidation is likely but current market events are meaningless compared to what we will see in the coming 3 to 5 years. The current market situation reflects a war between gold and the US 10 year treasury. The US 10 year treasury bond yield has fallen from 15% to 1.6 – 1.7% and gold is in a sense contra-treasury. It is incontrovertible that gold is at the start of a bull run! Silver and especially silver equities are extraordinarily volatile and have not yet moved though looking for multi baggers exposes you to huge financial risk and you should be prepared to lose half of your investment. |
| Comex gold contracts likely no good for Islamic finance plan Posted: 10 Apr 2016 07:25 PM PDT Gold Standard in Islamic Finance 'Almost There' for Submission By Claudia Carpenter Gold products used in Islamic finance would need to be physically-backed and allocated to the underlying asset, according to a draft of a standard for Shariah gold being developed. "We are almost there" with a final proposal, said Mohd Daud Bakar, a Shariah scholar who is writing the draft for the Accounting and Auditing Organisation for Islamic Financial Institutions, the Bahrain-based industry group that sets Shariah standards in finance. A gold standard stands to boost demand for the metal as most Shariah buyers can only invest in real estate, Islamic bonds and some stocks. Because of the physical backing requirement, Comex gold futures wouldn't qualify to be Shariah-compliant while the Singapore gold contract would, according to Matthew Keen, founder of Evidens Consultancy in Dubai. "Hundreds of tons" of new demand could be created, said Natalie Dempster, a managing director of the World Gold Council. "The standard would fill an important gap in the market." ... ... For the remainder of the report: http://www.bloomberg.com/news/articles/2016-04-10/gold-standard-in-islam... ADVERTISEMENT Buy precious metals free of value-added tax throughout Europe Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries. Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world. Visit us at www.europesilverbullion.com. Join GATA here: Mining Investment Asia http://www.mininginvestmentasia.com/ Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Austria Just Announced A 54% Haircut Of Senior Creditors In First "Bail In" Under New European Rules Posted: 10 Apr 2016 06:08 PM PDT Just over a year ago, a black swan landed in the middle of Europe, when in what was then dubbed a "Spectacular Development" In Austria, the "bad bank" of failed Hypo Alpe Adria - the Heta Asset Resolution AG - itself went from good to bad, with its creditors forced into an involuntary "bail-in" following the "discovery" of a $8.5 billion capital hole in its balance sheet primarily related to ongoing deterioration in central and eastern European economies. Austria had previously nationalized Heta's predecessor Hypo Alpe-Adria-Bank International six years ago after it nearly collapsed under the bad loans it ran up when it grew rapidly in the former Yugoslavia. Having burnt through €5.5 euros of taxpayers' money to prop up Hypo Alpe, Finance Minister Hans Joerg Schelling ended support in March 2015, triggering the FMA's takeover. This was the first official proposed "Bail-In" of creditors, one that took place before similar ad hoc balance sheet restructuring would take place in Greece and Portugal in the coming months. Or rather, it wasn't a fully executed "Bail-In" for the reason that creditors fought it tooth and nail. And then today, following a decision by the Austrian Banking Regulator, the Finanzmarktaufsicht or Financial Market Authority, Austria officially became the first European country to use a new law under the framework imposed by Bank the European Recovery and Resolution Directive to share losses of a failed bank with senior creditors as it slashed the value of debt owed by Heta Asset Resolution AG. The highlights from the announcement:
As part of the announcement, Austria has cut Heta's senior liabilities by 54 percent and extended the maturities of all eligible debt to Dec. 31, 2023 to help cover an 8 billion-euro ($9.1 billion) hole in Heta's balance sheet. It also wiped out any residual equity and the junior liabilities as well as any supplementary capital. The Finanzmarktaufsicht took control of Heta last year in the first application of European Union rules designed to end taxpayer-funded bank rescues. "While the application of the new European recovery and resolution framework for banks is uncharted territory in both legal and practical terms, we are on target with the resolution of Heta," the FMA's co-chiefs, Helmut Ettl and Klaus Kumpfmueller, said in the statement. "Orderly resolution is more advantageous than insolvency proceedings." As Bloomberg writes, dealing with failing banks remains a thorny issue in the EU more than seven years after the collapse of Lehman Brothers Holdings Inc. Rescues in Portugal, Greece and Italy carried out before new rules came into force in those countries prompted protests over unequal or arbitrary creditor treatment. The EU's untested Bank Recovery and Resolution Directive, now in force across the 28-nation bloc, provides rules and tools, including the so-called bail in, to make sure creditors share the burden. Creditors were not happy, and Heta became a battleground of what the first BRRD implementation would look like. "At the heart of the issue is 11 billion euros of Heta's debt that's guaranteed by the province of Carinthia, which owned Heta's predecessor until 2007. Those guarantees blunt the intent of the new rules because they mean the losses imposed on bondholders become a claim on Carinthia, which says it can't pay them. Sunday's haircut means the province faces claims of about 6.4 billion euros, the FMA said."
The announcement ushers in the next, and even more contentuous phase of creditor negotiations: after initially ruling out a second offer, Austrian officials this week smoothed the way for new negotiations to avoid years of litigation. Gaby Schaunig, Carinthia's finance secretary, said she will review a recent creditor proposal and that "any out-of-court solution is better than the legal route." According to Bloomberg, some of the creditors are planning to make an offer to Austria that would result in a payout of 92 cents on the euro, a person familiar with the bid said Saturday. It's unclear how many creditors support the offer. On Tuesday, representatives for both sides will also meet in London for talks, according to a report in Der Standard. Many creditors have rejected any haircut as an option over concerns how such an example could impact their investments in comparably impaired financial companies. Others are more willing to negotiate. Some creditors had already challenged the FMA's decision to apply European bank resolution rules to Heta. Answering the objections, the FMA said the wind-down remains "fully binding," adding that creditors are now free to appeal to Austria's federal administrative court:
Changes, if any, to today's decision will likely take years to pass through the Austrian court system. In the meantime, the precedent has been set and we expect many more banks to follow suit in "bailing in" their senior debt creditors, and ultimately - if there is not enough value to satisfy claims - depositors. |
| This Vancouver Home Just Sold For More Than $1 Million Above The Asking Price Posted: 10 Apr 2016 05:43 PM PDT Not a day passes without the Vancouver real estate market succeeding to amaze us all over again. Just over a month ago we were amazed to learn that, in confirmation of the local buying frenzy, the Vancouver home shown on the photo below sold for $735,000 above asking.
As Vancity Buzz wrote, "The house at 3555 West 1st Avenue was built in 1912, is 3,400 square feet and sits on a standard 33 x 120 foot lot without a view. The selling price of $4.23 million is about $1.6 million above the lot's assessed property value."
Which led us to observe that in Canada, an interesting paradox is visible. On the one hand, the country's oil patch in Alberta is mired in a painful depression, where the worst 12 months for job losses in 34 years is contributing to rising property crime, higher food bank usage, and a rash of unsold condos and empty office space in Calgary. On the other hand, if simply looking at real estate in Vancouver and Ontario you'd think you were looking at home prices for an economy that is thriving. In fact, prices in Vancouver have reached nosebleed levels. In January for instance, the average selling price of detached homes was an astronomical $1.82 million.
According to a recent report by Knight Frank, prime residential property prices in Vancouver increased by 25% in 2015 "due to lack of supply, foreign demand and weaker Canadian dollar." But mostly foreign demand as Chinese buyers scramble to launder their money in this Canadian city. Vancouver's soaring home prices posted nearly double the growth rate of the next few residential markets of Syndey (14.8% Y/Y), Shanghai (14.1%), Istanbul (13.0%) and Munich (12.0%). And while there has been some speculation the government may crackdown on this runaway home price inflation, this has yet to happen. In the meantime, the horror stories of Vancouver's houing market persist. According to the National Post, another west side Vancouver home has sold for more than $1 million above the asking price. The Dunbar area bungalow was listed for $3.188 million and sold earlier this week for $4.19 million.
SunThis Dunbar area house sold for $1 million over the asking price this week. This is the second time in just one month when a Vancouver home sells more than $1 million above asking. Just over a month ago, a Point Grey home with a view sold for $1.172 million more than the asking price. The sale price for the house on Bellevue Drive was more than $9 million and the new owner planned to rent it out then tear it down and rebuild in a couple of years, according to the realtor. The house had not been updated.
SunThe house has a new roof, updated bathrooms and a gourmet kitchen. But the 71-year-old Dunbar house has been fully renovated, according to the MLS listing. It sits on a 44 by 122-foot lot and has a view from the back of the North Shore mountains. The house has a new roof, updated bathrooms and a gourmet kitchen as well as a one-bedroom basement suite. "Perfect for families," says the listing. Or, "hold and build."
SunThe bungalow was listed for $3.188 million and sold for $4.19 million University of B.C. real estate professor Tsur Somerville said the Dunbar home may have been listed low. "That is one third more than the asking price," he said. "It looks a whole lot like a realtor playing games." That or the panic buying frenzy is getting bigger by the day. Getting the right listing price for a property in Metro Vancouver's overheated market is difficult, Somerville acknowledged. "Because prices are going up so rapidly, so out of control, it's hard to know what the price is," he said. "The rate of price increases is reaching hysteria levels. It's not sustainable." This is what is known as a bubble, and while everyone admits it, the frenzy goes on.
SunThe house sits on a 44 by 122-foot lot and has a view from the back of the North Shore mountains. Homes sales in Metro Vancouver surpassed 5,000 last month, making it a record-breaking month according to statistics from the Real Estate Board of Greater Vancouver. The benchmark price for detached properties in the region increased 27.4 per cent to $1,342,500 in March 2016 compared to the same month last year. Something else everyone can agree on: the Vancouver housing bubble will eventually burst. The question is when, and how much longer will the government ignore this ridiculous surge in prices while pretending everything is perfectly normal. Naturally, when it does burst leading to a collapse in the local economy and crushed living standards for everyone, the excuse will be a well-known one: "nobody could have seen it coming." |
| CEO Keith Neumeyer: "There's Going To Be A Major Revolt If We See Negative Rates" Posted: 10 Apr 2016 05:38 PM PDT Submitted by Mac Slabo of SHFTPlan.com CEO Keith Neumeyer Warns: "There's Going To Be a Major Revolt… We're Going To See Riots" With negative interest rates now the order of the day in much of the Western world, it's only a matter of time before financial institutions start charging American depositors for the privilege of keeping their money safe in the U.S. banking system. And according to Keith Neumeyer in his latest interview with SGT Report, that could spell disaster for socio-economic stability. Neumeyer, who is the CEO of one of the world's top primary silver producers First Majestic Silver and the Chairman of mineral bank firm First Mining Finance, says that should The Fed and government policy makers implement negative interest rates and continue on their current course of bailing out big business while impoverishing average Americans, we could well see riots in the streets.
The Fed has lost credibility. And that has left the average person on the street with an air of uncertainty and concern over the stability of the system. This, says Neumeyer, is why many investors, both large and small, have started turning to tangible assets as a safe haven.
But it's not just the retail investor that is terrified of the consequences of Fed policy.
Last year Neumeyer warned that a global reset is in the cards and urged investors to start positioning themselves for that eventuality. He also famously penned an open letter to the CFTC highlighting the rampant manipulation in the system in which he claimed that a small concentration of market players were attempting to control the price of silver through paper trading. But that manipulation will eventually become ineffective, he says, because industrial and retail demand for physical silver will overwhelm the paper markets:
As SGT Report echos, there is no incentive for them to change the system except for the time when people actually do reach their boiling point and start to march in the streets because they've been thrown under the bus for much too long. And when those riots do start, just as Zero Hedge previously reported during the Greek riots, the price of physical precious metals versus the bank manipulated paper prices will skyrocket. In 2010 the price difference between the two was as high as 40% above the paper spot price as Greeks scrambled for real money in the midst of their country's collapse. Things will be no different in America when a jobless, hungry, and marginalized majority takes to the streets. When that comes to pass we will see the real value of physical silver and gold emerge, and you can be almost certain that it will be significantly higher than the suppressed paper prices the banks want us to believe. |
| Japan Says G-20 Accord Barring FX Devaluations Does Not "Rule Out Intervention" In The Yen Posted: 10 Apr 2016 05:14 PM PDT One of the biggest unconfirmed secrets of recent market action was whether or not there was a Shanghai Accord in February, in which the G20 and central bankers decided to push the dollar lower to benefit China at the expense of Japan and Europe, both of whom have suffered substantially in recent weeks as a result of their own currencies surging, pushing local stock markets lower (and sending European banks sliding). Earlier today, Japan's government spokesman Suga came as close as possible to admitting that there was in fact a tacit "Shanghai Accord" agreement when he said that the Group of 20's agreement to avoid competitive currency devaluation "does not mean Japan cannot intervene in response to one-sided currency moves." It got better: in an interview with Reuters Suga added that Japanese Prime Minister Shinzo Abe's comment to the Wall Street Journal last week that countries should avoid "arbitrary intervention," was misunderstood and does not rule out intervention for Japan, Suga said. And yet it did rule out intervention until now? He clarified. "What the G20 is talking about is arbitrary intervention, which is different from responding to a one-sided move," Suga told Reuters in an interview on Saturday. So arbitrary is not really arbitrary if as a result of other arbitrary devaluations the market decides to focus on Japan... which sound oddly like Obama defending Hillary and explaining how confidential is not confidential. As Reuters notes, some traders have said Japan cannot sell its own currency now, because the G20 warned countries in February to refrain from competitive devaluation. Suga, who coordinates other ministers in Abe's cabinet, rejected this idea outright and said Abe's remarks about arbitrary intervention in a Wall Street Journal interview last week were misunderstood. "The prime minister's comments were based on the G20 understanding that long-term manipulation of currencies is undesirable." As a reminder, the last time Japanese authorities intervened directly in the market was in 2011, when Tokyo got an explicit G7 consent to stem a yen spike driven by speculation that a devastating earthquake and nuclear disaster in March would force Japanese insurers to repatriate funds to pay claims. What is fascinating is how weak even Japan's attempts at verbal intervention have become. The attempts at posturing continued:
At this point Japan has become such a joke in trader circles, the nickname which we penned for Kuroda aka "Peter Panic", appears to have stuck. Of course, there is a quick way to find out just how much leeway Japan actually has: if at the next BOJ meeting, one which have taken place after a tremendous surge in the Yen which is up over 10% YTD, Kuroda does nothing, then as expected all of the above will have been merely the latest bout of ridiculous posturing, and the Shanghai Accord indeed made it so that only the USD is allowed to weaken. Meanwhile, keep an eye on the USDJPY downside. As we reported last week, this is where various banks expect the BOJ will have no choice but to intervene:
Finally, here is SocGen chiming in on the matter with a note released this afternoon.
Perhaps, although Abe has made it repeatedly clear that Japan's sales tax will be raised to 10% from 8% in April 2017 unless there is a"barring a crisis like the one caused by the collapse of Lehman Brothers." So Perhaps all Japan needs to send its Yen crashing again is another Lehman-like crisis? Surely that too can be arranged.
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| Posted: 10 Apr 2016 04:00 PM PDT Stop withdrawing cash and just spend it on food and supplies. They can't stop you there! :) Dollar won't be worth anything so why pull it out? Get rare metals. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| James Rickards Reveals IMF World Currency Crash Conspiracy, We Need Gold Standard to Save Us Posted: 10 Apr 2016 03:30 PM PDT TOPICS IN THIS INTERVIEW:00:30 Introduction for Jim Rickards01:10 Digital Wealth Can and Will be Wiped Out03:40 $10,000 Gold Price Target in the New Case for Gold, Gold vs US Dollar04:20 Rickards says Bitcoin is Money05:30 The Current Gold Rally is Really the Dollar Going Down07:00 Gold Standard... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Full Speech: Donald Trump MASSIVE Rally in Rochester, NY (4-10-16) JetSmart Aviation New York Rally Posted: 10 Apr 2016 02:19 PM PDT LIVE Donald Trump Rochester New York Rally at JetSmart Aviation (4-10-16) Full Speech: Donald Trump Rally in Rochester New York - Make America Great Again in Rally Donald J. Trump for President Rally in Rochester, NY SUNDAY, APRIL 10, 2016 The Financial Armageddon Economic Collapse... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Full Speech: Donald Trump Holds HUGE Rally in Rochester, NY (4-10-16) Posted: 10 Apr 2016 01:53 PM PDT Sunday, April 10, 2016: GOP Presidential candidate Donald Trump held a campaign rally in Rochester, NY at JetSmart Aviation.Full Speech: Donald Trump Holds HUGE Rally in Rochester, NY (4-10-16) The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Worldwide Chaos Is Being Orchestrated by These Same People Posted: 10 Apr 2016 12:40 PM PDT The worldwide chaos is actually being designed by only a hand full of Rich Minions. Its time Everyone sees who they are! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| India subverted customs reporting rules to facilitate gold leasing in 1991 Posted: 10 Apr 2016 07:38 AM PDT 1991's Golden Transaction By C. Rangarajan India's balance-of-payments situation had deteriorated sharply by the end of 1990. Even as attempts were being made to obtain normal and extraordinary funding from multilateral institutions, private banks and other market players were also being approached. With frequent changes in government, the responsibility of the Reserve Bank of India increased. Governor S. Venkitaramanan was so active that he was described by an economic daily as "lone (loan) ranger." In the course of talking with various market players, one question that came up frequently was: What was India doing on its own to tide over the crisis? The implication was simple. India had a fairly large stock of gold as reserves. Why could not India use it? ... In January 1991 the State Bank of India proposed to raise foreign exchange through the lease of gold held by the government. ... The entire episode was not without its drama. For example, when any commodity is sent out of the country, the nature of the commodity has to be declared. I spoke with the commissioner of customs and a special authorisation from the finance ministry was obtained to send the gold without such a declaration. ... There was no intention on the part of the RBI or the government to hide the transaction from the public. The RBI wanted to make it public once the operation was over. The shipment of gold made everyone aware of the enormity of the crisis facing India, and paved the way for economic reforms. ----- The writer is a former chairman of the Economic Advisory Council to the prime minister and a former governor of the Reserve Bank of India. ... For the full commentary: http://indianexpress.com/article/opinion/columns/1991s-golden-transactio... ADVERTISEMENT Silver mining stock report comes with 1-ounce silver round Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit: Join GATA here: Mining Investment Asia http://www.mininginvestmentasia.com/ Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Now India's very own gold coins Posted: 10 Apr 2016 07:24 AM PDT By Rajalakshmi Nirmal Indian Overseas Bank kicked off sale of Indian gold coins on Friday at its branches in Mumbai on the occasion of Gudi Padwa. The Reserve Bank of India had given the nod to banks in January to sell these coins. These coins, minted in India, will have the national emblem of Ashok Chakra engraved on one side and the face of Mahatma Gandhi on the other and will join the global basket of national coins, including the American eagle coins of the United States, panda coins of China, and maple leaf coins of Canada. With a third of the gold demand in India (200-250 tonnes a year) coming from investors who buy coins/bars of gold, this new coin should see strong demand. ... ... For the remainder of the report: http://www.thehindubusinessline.com/portfolio/real-assets/now-indias-ver... ADVERTISEMENT USAGold: Coins and bullion since 1973 USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business. Please call 1-800-869-5115x100 and ask for the trading desk, or visit: USAGold: Great prices, quick delivery -- all the time. Join GATA here: Mining Investment Asia http://www.mininginvestmentasia.com/ Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| China goes prospecting for world's gold mines Posted: 10 Apr 2016 06:51 AM PDT By Biman Mukerji Chinese gold miners are aggressively scouting for overseas acquisitions, encouraged by historically low gold prices that could help them scoop up assets cheaply. Though gold prices have risen by more than 16 percent since hitting a six-year low last December, prices are still trading close to levels last seen in 2010, in a range of roughly $1,220-$1,240 per troy ounce. China is the world's largest gold consumer and producer, but only a few Chinese companies such as Zijin Mining have ventured abroad to buy mines, unlike their counterparts in industrial metals. If cash-rich Chinese gold miners embark on an asset-buying spree, China could reduce its dependency on other international producers for supplies and increase its heft in global gold markets. ... A period of low gold prices also means Chinese companies may have more options to buy because several mining companies are facing a credit crunch and have massive debt. "China has five to six gold companies. I have been in touch with all of them, and they all have plans for increasing assets overseas," said Peter Grosskopf, chief executive officer of Sprott Asset Management, a Toronto-based company that manages assets including physical bullion trusts. He says the Chinese companies are well-capitalized and better positioned than their North American counterparts. Sprott has set up a partnership fund with China's leading gold company, the Zijin Mining Group, which is called the Zijin Sprott Fund, with the aim of buying overseas gold assets, Mr. Grosskopf said. "The expansion [opportunities] are better globally than in China." ... ... For the remainder of the report: http://www.wsj.com/articles/china-goes-prospecting-for-worlds-gold-mines... ADVERTISEMENT Direct Ownership and Storage of Precious Metals Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore. Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars. Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver. Goldbroker.com is listed among GATA's recommended monetary metals dealers: To invest or learn more, please visit: Join GATA here: Mining Investment Asia http://www.mininginvestmentasia.com/ Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Rick Rule – There Will Be Huge Surprises In The Silver Market Posted: 09 Apr 2016 06:06 PM PDT
Today one of the most street smart pros in the business spoke with King World News about what is happening in the silver market. There is also an update on what the commercials have been busy doing as the price of silver has fluctuated. |
| Is Silver a Long Term Buy or Bull Trap Posted: 09 Apr 2016 08:31 AM PDT Vimal Patel writes: Conflicting charts patterns suggest we may be entering a long term Bull market |
| Gold and Silver: Ripe for a Recovery! Posted: 09 Apr 2016 08:24 AM PDT China May well Change the Game China lifts reading of cenbank gold holdings by 57 pct Gold now accounts for 1.65 pct of total forex reserves |
| Gold And Silver - Fallacy Of East v West And Price Of Precious Metals Posted: 09 Apr 2016 04:01 AM PDT The ongoing draining of gold from West to East is not a sign of deteriorating viability of the globalists and their takeover/total control of the world. The Game remains the same, the controlling elites remain the same, it is only the players that are changing: China, Russia, replacing US, UK/EU. Take Putin, aka Russia, for example. He has had a long-term association with Heinz [Henry] Kissinger, a higher-tiered "gofer" for the global elites. They met again in early February, when Putin welcomed globalist-NWO-agenda-pusher Kissinger as an "old friend," referring to him as a "world class politician." Putin embracing a globalist is no accident. |
| Can Silver Keep Pace With Gold? Posted: 09 Apr 2016 03:45 AM PDT By Debbie Carlson | Contributor: Some investors like silver’s dual status as an alternative currency and industrial commodity. Gold’s surprising strength in price is capturing headlines, but another precious metal, silver, is chasing gold’s coattails – without the fanfare. Silver futures are up about 8.5 percent this year, making it stand out among other commodities and financial markets. Investors snapped up coins, with U.S. Mint data showing March silver coin sales were up 17 percent over the previous year’s figure. Inflows into silver-backed exchange-traded funds witnessed their highest monthly inflow since December 2010, according to Commerzbank. |
| Rickards Confirms Gold Shortages: China Wants Way More Than Can Be Obtained Posted: 09 Apr 2016 03:41 AM PDT Exclusive Interview with Jim Rickards on the Confused Fed, Gold Manipulation, and Negative Interest Rates Dear Reader, Hi, best-selling financial author and trusted government currency adviser Jim Rickards here. If you haven’t heard, I’ve just released a new book called The New Case for Gold. The book warns of a few critical dangers that every American should begin preparing for right now. |
Top megabank, Wells Fargo & Co just admitted to defrauding the United States government for nearly an entire decade, which subsequently led to the housing market collapse, and no one is going to be punished.
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