A unique and safe way to buy gold and silver 2013 Passport To Freedom Residency Kit
Buy Gold & Silver With Bitcoins!

Friday, October 5, 2018

Gold World News Flash

Gold World News Flash


Refugee Crisis Escalates in Europe as Some Countries Fight Back

Posted: 04 Oct 2018 10:30 PM PDT

 A Spanish port is under assault from hundreds of African migrants, as the immigration crisis in Europe worsens, but -- as One America's Pearson Sharp explains -- some countries in Europe are fighting back. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts ,...

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://lindseywilliams101.blogspot.com http://www.figanews.com for full links, other content, and more! ]]

British ex-intelligence officer on Russia’s alleged global hacking attacks

Posted: 04 Oct 2018 08:30 PM PDT

 The UK and the Netherlands claim that they had foiled cyber attacks by Russian government hackers while the US indicted seven agents of Russian military intelligence for a series of alleged hacking attacks. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts ,...

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://lindseywilliams101.blogspot.com http://www.figanews.com for full links, other content, and more! ]]

Breaking News/Best Of The Web

Posted: 04 Oct 2018 07:20 PM PDT

How commodities will perform in the 'impending massive credit crunch' … Surge in U.S. yields drives emerging markets “into a tailspin” … Chinese spy chips are found in hardware used by Apple, Amazon … Gold and silver bounce along multi-month bottom, with silver a “canary in the inflationary coal mine.”     Best Of The Web […]

The post Breaking News/Best Of The Web appeared first on DollarCollapse.com.

Gold cascades out of Singapore to poor Cambodia, probably for smuggling into Vietnam

Posted: 04 Oct 2018 05:54 PM PDT

Advocacy Group Raises Questions About Cambodia's Gold Imports

By David Boyle and Malis Turn
Voice of America, Washington
Thursday, October 4, 2018

https://www.voanews.com/a/advocacy-group-raises-questions-about-cambodia...

PHNOM PENH, Cambodia -- Cambodia imported about $15 billion worth of gold during five years from Singapore, according to government statistics compiled by nongovernmental organization Mother Nature Cambodia -- a figure so large, corruption monitor groups say it raises alarms about potential financial crimes, particularly smuggling.

Cambodian officials dismiss the accusation, saying much of the gold is simply transiting the country on its way elsewhere.

... Dispatch continues below ...



ADVERTISEMENT

We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at info@goldcore.com or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at: http://www.goldcore.com



The amount of imported gold -- 407 tons -- eclipses corresponding Singaporean export figures for the same commodity to all other countries during the same period, including several with larger economies than Cambodia, such as China, the data shows.

It is also $12 billion more than the value of all of Cambodia's other imports from Singapore during the same period, said the monitor group based on publicly available records from the Ministry of Commerce, which do not break down specific goods or commodities.

Mother Nature Cambodia's founder, Alejandro Gonzalez-Davidson, who revealed the export figures compiled from Singapore's Statlink database in a video released Monday, told VOA the discrepancies demand answers.

"... In my interpretation of the documents, there's ample proof that these imports of gold are not being recorded. That in itself is wrongdoing if not an illegal act," he said Wednesday.

He added that in the past, when large export-import discrepancies had been found in cases connected to illegal logging and sand dredging, the Cambodian government had blamed accounting inaccuracies.

"Yes, there will be some discrepancies, but of course that's not going to explain how you have a discrepancy worth more than the budget of the entire state of Cambodia several times over," he said.

Cambodia's draft budget for 2018 allocates $6 billion in spending.

"This is why we all need an explanation from relevant Cambodian agencies, especially the General Department of Customs and Excise and the National Bank of Cambodia," he said in the video.

Neither of those institutions have replied to VOA's inquiries on the matter.

Cambodia's state gold reserves have not risen in at least 18 years, according to the World Gold Council. Cambodian government spokesman Phay Siphan said he was not aware of an investigation by Cambodian authorities.

"That's an allegation only. It's baseless," he said.

Ministry of Commerce spokesman Seng Thai said some products were imported into Cambodia purely for the purposes of export and thus may not appear on import records.

"There are many products that are imported into Cambodia and we cannot judge that, we have to look at where it is going out to. It is not a correct evaluation," he said.

However, the export destination may be precisely the problem, corruption experts told VOA.

George McLeod, a Thailand-based political risk consultant who has investigated the gold trade in Cambodia, said trade exploiting Cambodia's lax regulations in the smuggling of gold sourced from Singapore to tightly controlled Vietnam had thrived for decades.

If one generously assumed half the amount of imported gold reported by Mother Nature was staying in Cambodia, it indicated a "potentially huge smuggling operation going on," he said.

"Singapore has a totally free market with gold. In fact, you can buy gold bullion there for pretty much the spot market price and then export it unlimited, you can export a billion dollars of gold from Singapore without even questions asked."

Gold has been imported into Cambodia essentially tax free other than small transaction fees required by the national bank, McLeod added.

From there, McLeod said, it was often smuggled over land to Vietnam where the importation of gold is restricted to a central authority and subject to tax -- resulting in profit margins of at least seven or eight percent, he said.

Businessmen in Vietnam's rapidly growing economy were desperately trying convert their revenues from Vietnamese Dong, which was not a respected international currency, McLeod added.

"If you look at it in that context, it makes sense that there would be a huge amount of illicit gold going into Vietnam," he said.

Compared to the other illegal activities taking place in Cambodia, he stressed, "this is probably one of the more benign ones."

Transparency International (TI) ranks Cambodia as the most corrupt country in Southeast Asia and within the 20 most corrupt countries in the world.

TI's Cambodia executive director, Preap Kol, told VOA via email that considering the size of the Cambodian economy, the figure should raise alarms with authorities in Singapore, Cambodia and other countries.

"With fundamental loopholes and scale of corruption in Cambodia, there are reasons for legitimate concerns. We urge the concerned authorities to investigate diligently," he wrote.

The offices of Vincent Leong, director of finance at Singapore's Ministry of Trade and Industry, and Foreign Affairs Minister Vivian Balakrishnan did not respond to VOA inquiries.

This is not the first time that Mother Nature Cambodia has used Singaporean trade statistics to raise questions about the financial practices of the Cambodian government.

It revealed in 2016 that Singapore had registered $700 million worth of sand imports from Cambodia between 2007 to 2015, while Cambodia's customs agency had recorded zero.

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...

* * *

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Police Use Face Rec. Tech

Posted: 04 Oct 2018 05:30 PM PDT

Ashlee Banks reports on an Ohio man who was arrested after police forced him to use his face to unlock his cellphone. Does police use of facial recognition technology violate your constitutional rights, or is this the new normal? The Financial Armageddon Economic Collapse Blog...

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://lindseywilliams101.blogspot.com http://www.figanews.com for full links, other content, and more! ]]

Gerald Celente : Red ALERT October!! Economic Meltdown Worse Than Great Depression Coming

Posted: 04 Oct 2018 04:30 PM PDT

THE FED HAS CAUSED EVERY CRASH IN EVERY NATION SINCE INCEPTION. SATANISTS They make a HUGE KILLING when there's a market collapse. They buy up assets at incredible discounts with worthless paper dollars. The biggest con in history along with the federal reserve scam. And everyone's living on...

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://lindseywilliams101.blogspot.com http://www.figanews.com for full links, other content, and more! ]]

The Fake Alien Invasion Is Coming!

Posted: 04 Oct 2018 03:30 PM PDT

 Steven Greer's lecture at the Alien Cosmic Expo. Topics include Man-Made UFOS, Mind Control Devices, False Flags, and more. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,...

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://lindseywilliams101.blogspot.com http://www.figanews.com for full links, other content, and more! ]]

Why is Nobody Talking about This.. (You Won't Believe It 2018-2019)

Posted: 04 Oct 2018 02:30 PM PDT

Wilhelm Reich's orgone machines could make rain and it did not need chemicals in the air. They certainly shut him down. Ancient mounds are made the same way orgone objects are made. The ancients knew how to make rain too. The Financial Armageddon Economic Collapse Blog tracks trends and...

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://lindseywilliams101.blogspot.com http://www.figanews.com for full links, other content, and more! ]]

The Housing Crash Coming!

Posted: 04 Oct 2018 01:30 PM PDT

 Will the housing crash and economic collapse happen in 2018? The housing market indicated that a crisis was coming in 2008.  Is the same thing happening once again in 2018?  For several years, the housing market has been one of the bright spots for the U.S. economy.  Home prices, especially in...

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://lindseywilliams101.blogspot.com http://www.figanews.com for full links, other content, and more! ]]

The Future of Drones In Society

Posted: 04 Oct 2018 09:55 AM PDT

What's the future for drones and how we use them? We talked to Stan Klhevner to find out. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://lindseywilliams101.blogspot.com http://www.figanews.com for full links, other content, and more! ]]

Gold Miners Inverse Head and Shoulders Pattern? Really?

Posted: 04 Oct 2018 09:35 AM PDT

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article63267.html

Gold and Silver Bottoming Pattern May Be in Process

Posted: 04 Oct 2018 09:02 AM PDT

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article63265.html

GLOBAL DEBT IS A PEST THAT MUST BE ERADICATED

Posted: 04 Oct 2018 05:16 AM PDT

The coming gold and silver surge is guaranteed. It is not a question of IF but only WHEN. Initially, the imminent revaluation of the precious metals will have nothing to do with an investment mania but with the total mismanagement of the world economy. A spectacular rise in the metals is just a reflection of the mess the world is in. But as the paper market fails in gold and silver, there will be panic and manic markets. Read more...

Gold Explorer Finishes Drilling at One Project, Starts at Second

Posted: 03 Oct 2018 01:00 AM PDT

This company's roughly year-long drill program in Nevada is progressing.

Visit the aureport.com for more information and for a free newsletter

No comments:

Post a Comment