Category: Articles: General
75 Facts Revealed – How Is America Really Doing?
An amazing list of real facts was published by The Economic Collapse Blog, entitled 75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe. An excellent article that presents 75 facts & figures, based on research or surveys, indicating the real state of the US. Reviewing those facts and comparing them with the messages in the mainstream media and the government, we see such a huge disconnect.
Big Ben’s Ghost of QE Past, Present, and Future
Dollar bills glide effortlessly to the ground, dropped from the giant QE machine in the sky. All is quiet, all is calm. There is peace on earth, well, at least in Washington D.C. and on Wall Street. And then with a horrible crash, another Mortgage Backed Security (MBS) explodes and collateral damage spreads far and wide. Cut to three am in the Big Ben bedroom …
New Report: The Chinese Silver Market
The Silver Institute and Thomson Reuters published a report of 25 pages about the Chinese Silver Market. In it, the market structure is presented detailed by supply and demand, imports and exports, and outlook. In a nutshell, China became the world’s second largest silver fabricator and is on its way to be the second largest producer. Its share in global demand stands at 17% while global supply at 14%. The executive summary contains the following two paragraphs which represent a high level overview of silver’s supply and demand in China: Chinese silver mine production has been on a steadily increasing trend, more than doubling over the last decade or so. […]
What Would You Prefer: Gold Or Paper?
In this article, the author makes a simple yet powerful comparison between a gold investment and paper based investments. What was the yield of typical paper based investments in the past decade vs gold or silver (which are mostly criticized as they don’t pay interests or dividends)? Which are the inherent risks and what to expect in the coming years? Obviously there will be a time when gold and silver will be overvalued, as it goes with each wealth cycle. However based on the current evolution we are still far away from that point. Investment Return Since 1/1/2000 Gold (The Road Less Traveled) Gold up from $285 to around $1,750 […]
BIS Sees Bond Bubble Bursting
The bond market is a bubble and is about to burst. That’s the conclusion of a new report published by the “mother of all banks”, the Swiss based Bank of International Settlements, as reported by ArabianMoney.net. Obviously, the burst of the bond bubble has potentially catastrophic effects, comparable to a 2008 crash, as it is “the largest liquidity pool on the planet.” We have reported numerous time in the recent past about the growing bubble in the bond market. In an earlier article, we wrote about the bond bubble that is ready to burst and the gold bubble ready to inflate, about the folly of the bond and paper market. The […]
GATA Reveals Confidential Document Authorizing Central Banks To Hide Their Gold Reserves
The Gold Anti-Trust Action Committee (GATA) was able to obtain a confidential report from the International Monetary Fund, written in 1999. The report defines that Western central banks would become allowed to hide their gold loans and swaps within their gold reserves, not disclosing the amount of their monetary gold but only the value assigned to it. The report contains a proposal to strengthen financial reporting standards for central banks. The IMF consulted top officials of the organization itself but also from other institutions like the Bank for International Settlements, the European Central Bank, the Bank of England and the German Bundesbank, amongst others. From the document: “Central bank officials […]
Webinar About Silver: Outlook For 2013 & Safely Own Silver
GoldCore organizes a webinar about the outlook for silver in 2013 and what to take into account to safely own silver. The special guest for the event is David Morgan, publisher of the Morgan Report and a worldwide expert on silver. It’s an online only event (webinar) that requires subscription. We will attend and report after the event. The topics that will be covered: The Outlook for Silver in 2013 And Coming Years Silver Seasonality – When To Buy The Safest Way To Own Silver The webinar takes place on Wednesday, December 12, 2012 from 7:00 PM to 8:00 PM GMT. Subscriptions are open, attendees need to register on this web […]
A Look Inside The Gold Vault Of The Bank Of England
The following video is really exciting as it shows an amount of gold in one area that almost any individual will see in its whole life. The video crew was allowed to record inside the gold vault of the Bank of England, where gold is vaulted with a value of 315,000,000,000 US dollar ($ 315 billion or £ 197 billion) at the current gold price. Some interesting insights from the video: Each self contains 1 ton of gold, with a value of 56 million US dollar per shelf (at today’s gold price) The large bars weigh 12.4 kg and have a value of 695.500 US dollars (or £ 435,000), worth 2 […]
Is This A Bullish Sign For Gold
From an interesting article on Zerohedge, it appears that Goldman Sachs is advising their clients to “sell gold” as the gold cycle is expected to turn in 2013. The fascinating part of the story is that no additional easing is needed based on the prospects of the growth in the US. That seems a little bit (to say the least) contradictory compared to Mr Geithner who was talking about unlimited debt limits only a week ago. The Zerohedge piece points to another interesting fact, as brought forward by Goldman Sachs: Gold prices have remained range bound in 2012, despite a steady decline in US real rates and rise in central bank holdings […]
Jim Sinclair Comments On Today’s Gold Market
The price of gold and silver price took a dive today during the trading session. Gold in US dollar closed at $ 1,696, somewhat higher than the intraday low at around $ 1,692. The price of silver closed the trading session at $ 32,83, recovering from the intraday low at about $ 32,7. Jim Sinclair reacted today on the evolution of the gold market. As he openly admits, he was crushed by e-mails from people, all asking the same question. Although he didn’t describe the question(s), it seems obvious it had to do with the gold price drop. Here is Mr Gold’s take on the gold market today: There is no […]
Gold, Silver & Words Of Wisdom For Christmas
Our day-to-day focus often makes us forget the higher values in our lives. Yes undoubtedly economic and monetary matters are important and an integral part of life. But let’s not forget there is much more. There is gold, there is silver … and just us with the values that we created over time as human beings. With the end of the year nearing, it’s time to take some distance and put things into perspective. Gold and silver carry strong values, but we humans should be proud as we have even more values. Time for some wise words, written by a retired accountant who has been in financial markets for more […]
Gold & Silver Eagles Top Performers in November 2012
November has seen very strong sales in American Eagles, both gold and silver coins. Reuters reported that “November sales of U.S. American Eagle gold coins are set to be the strongest in 14 years as uncertainty surrounding the U.S. fiscal crisis and the presidential election triggered safe-haven buying, dealers said.” Reuters cites in the same article the opinion of one of the leading dealers in the US: “There is a huge influx of new high-net-worth individuals that are buying a lot of gold, and they are taking physical possession of it,” said David Beahm, vice president of Blanchard & Co, one of the largest U.S. retail coin and bullion dealers. We […]
