By Olivier Garret As the US licks its wounds after one of the most divisive elections in history, the markets appear to anticipate a positive economic outcome. On the election night, the overnight futures markets plummeted with the expectations of a Clinton victory. But it didn’t take long for a rebound. By morning, the markets returned back to normal. Lower taxes and a less regulated environment are good for the economy. And I hope Trump pulls it off. However, I am worried that what we see now is just a post-election honeymoon. A good guarantee against unforeseen outcomes is owning gold bullion. Like most candidates, Donald Trump will not fulfill […]
A treasure map of where to find the world’s biggest gold and silver treasures … NEWS SEEMS to break each week of some lucky person unearthing a small fortune in gold or silver, whether buried a long time ago or hidden more recently. These days there really is no need to risk someone else stumbling onto your precious metals treasure. For a small fee BullionVault will bury your gold or silver safely inside one of the world’s most secure storage facilities, fully insured and ready for you to sell at any time of day or night. There are also plenty of other treasures still out there that haven’t been found, […]
$135,000 Gold-Backed Scholarship Fund Launched to Help Students Cope with Federal Reserve Induced Tuition Inflation
A major national precious metals dealer announced today the creation of the first gold-backed scholarship fund to support outstanding students who understand that gold is money and can articulate the failures of the inflation-creating Federal Reserve System. Money Metals Exchange, a national precious metals dealer recently ranked “Best in the USA,” teamed up with the Sound Money Defense League, setting aside 100 oz of physical gold, currently worth $135,000, to help outstanding students pay for ever-rising education costs. “The Federal Reserve’s inflationary policies have jacked up education costs, and our company is proud to help students who understand this problem as they cope with this unfolding disaster,” said Stefan Gleason, […]
31.8 million troy ounces. That is the number of physical gold that the Russian central bank is holding at the end of April 2013. The Russian central bank just published their latest figures. Russis has added some 200,000 troy ounces of gold to their reserves. In less than 7 years, the Russian gold holdings have risen almost threefold. New holdings have been added in an accelerated way in 2009 and 2010, after which the growth has been steady.
Now the gold and silver futures markets are not being used for their original purpose, but are being used to manipulate prices by some entity that does not want to see prices of precious metals move higher. It is widely known that central banks and other major financial institutions have been manipulating Libor, bonds, equities as well as the foreign exchange market. So, it is absolutely plausible that they are manipulating precious metals, in particular gold and silver. What does this mean for investors?
If this does end up being the start of a new Investor Cycle, then we won’t know for sure until the next Daily Cycle. The next dollar Daily Cycle should top very early and form Left Translated. If however it goes on to make new IC highs then it will almost certainly be the 2nd Daily Cycle of a young Investor Cycle. If this occurs, then gold will also form Left Translated and drop again, likely making yet another deeper low in June.
An important figure from these data is the $55.7 trillion representing government debt. As discussed above, the government debt worldwide is already 80% of the global GDP. The global governmental debt level is ridiculously high and close to a system problem even from a global point of view. This is related to gold in a direct way. The bigger the debt problem, the higher the counterparty risk, the higher the value of physical gold.
According to Mineweb gold imports to India “jumped by 138% in April to $7.5 billion, massively pushing up the trade deficit. In another gold center the East, Dubai, various estimates suggest that demand in the past few weeks has been nothing short of astronomical, surging by 10 times the normal demand. Interestingly, as visualized by Zerohedge, the ETF continues its decline while the gold price has stopped its decline.
The latest participant in the game is Russia. Not coincidentally is it the next country in the BRICS complex, one that was hit particularly because of the measures in Cyprus. The message from the BRICS appears to be very clear: the urgent dismantle of the dollar system.
The Gold Method Documentary will be a combination of popular Discovery Channel shows “Gold Rush” and “How It’s Made,” with an extra twist of a new and innovative gold mining process created by Norr himself. The documentary will feature a variety of topics that will appeal to anyone and everyone who is interested in gold mining. In order to produce the documentary, Norr needs your help.
As far as the first three months of 2013 concerns, China’s gold usage mounted to 320 tonnes. That figure is a combination of the Chinese production and the import from Hong Kong. The incredible spike came in the month of March. China’s net gold inflows from Hong Kong rose to 223.519 tonnes.
If you get my message, then you will see how important it is to own some physical gold and silver. In the long-term, they will prove, once again, to be an effective preserver of wealth. Take advantage of the current low prices.
In a short educational video message, Professor White answers the question “why isn’t there any more in the US?” The truth of the matter is that the fate of the dollar rests with a handful of political appointees. Mr. White asks the question under which system the quantity and purchasing power of money are more stable. The answer to that question: gold and silver standards have dramatically outperformed fiat standards around the world in providing stable currency.
Columbia Economist Dr. Jeffrey Sachs speaks to the Philadelphia Fed. This is his brief message: We are beyond the macro economics right now. We are to a level of legal accountability, tax regulation, transparency and a basic sense of fairness. We do not have it right now. Wall Street is pretty lawless and unfortunately the regulatory system that we have is nearly broken down.