RSSCategory: Articles: General

Global Gold Newsflash: Illinois To Start Tracking Gold Transactions

| January 13, 2013 | Articles: General

Last year the Illinois senate passed the “Precious Metal Purchasing Act.” It is likely just a matter of time until the act is approved. In essence, the bill obliges persons in the business of purchasing precious metals to obtain proof of ownership, create a record of sale and verify the identity of the seller. All payments have to be carried out electronically. Furthermore, all collected information has to be reported to the local law enforcement agency. At Global Gold, we have been warning for a while now about possible financial repression and confiscation measures by western governments. Read tips on how to protect your assets in case of a random confiscation.

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Gold Closer To Become Officially Money … Again

| January 13, 2013 | Articles: General

A new paper published by the Official Monetary and Financial Institutions Forum describes the gold is ready to become officially part of the monetary system … again. In order to stabilize the world monetary system, in the light of a deteriorating global currency war and the lack of a real alternative world reserve currency, gold is the only alternative currency that is ready to take on a leading role. One thing is for sure, it is the ONLY time tested currency as ALL paper based money systems have failed in history. Although the Renminbi is a candidate to play an leading role in the future, it is not ready to take up that role yet. Gold was money and gold continues to be money, although we temporarily somehow “forgot” in it in the West.

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Petition To Audit US Gold Vaults – Best Kept Secret To Be Revealed?

| January 12, 2013 | Articles: General

A petition was launched on the website of the White House to have the US vaults audited. If there is one thing kept secret, then it is the amount of gold held by the US central bank. It remains unknown to everyone how much gold really is present in the vaults, especially the US vaults that host gold of many countries worldwide. The US bullion was last subjected to a full physical audit in 1953.

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Michael Pento Sees Global Economies Deteriorating

In his weekly update, Michael Pento analyzed some important macro economic data globally. He came to the well known conclusion that economic conditions worldwide are deteriorating. In this article, you will read the latest macro economic data with Michael Pento’s interpretation.

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AfterShock Book Writers Launch New Fund

AfterShock is one of the books that correctly predicted the 2008 financial meltdown. The authors of the book launched a mutual fund “The Aftershock Strategies Fund” with the ticker symbol is SHKNX. The fund diversifies among asset classes as well as within classes. Rather than just having a diversified stock and bond portfolio, the fund also invests in gold, commodities and foreign currencies.

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US Mint Bullion Coin Sales

| January 5, 2013 | Articles: General
US Mint Bullion Coin Sales

The charts in this essay superimpose these coin sales over the daily gold and silver price action over the course of their entire secular bulls. Despite the perception of 2012 being a weak year for the precious metals, new physical demand from investors for American Eagles is actually robust to strong. This is certainly a bullish omen.

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The US Is Committed To Redistribute Income

In this video, the presentator explains the unintended consequences on the economy of the recent “fiscal deal”. He closes by saying: “I believe this will lead to economic disaster for the country.”

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The Agenda Of Our Leaders For The Coming 4 Years

| December 30, 2012 | Articles: General

Lindsey Williams is the man who, because of his contacts in the oil industry, correctly predicted that the world price for oil would fall from roughly $140.00 per barrel to less than $50.00 per barrel. He confesses how the high level agenda’s of our leaders look like, at least for the coming four years. He explains five trends that will prevail in the coming four years. He mentions also the objective for the price of gold: by 2016, it should go to $3,000 to keep pace with the debt creation.

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75 Facts Revealed – How Is America Really Doing?

| December 30, 2012 | 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.

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Big Ben’s Ghost of QE Past, Present, and Future

| December 24, 2012 | Articles: General

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 …

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New Report: The Chinese Silver Market

| December 17, 2012 | Articles: General
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. […]

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What Would You Prefer: Gold Or Paper?

| December 17, 2012 | Articles: General

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 […]

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BIS Sees Bond Bubble Bursting

| December 12, 2012 | Articles: General

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 […]

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GATA Reveals Confidential Document Authorizing Central Banks To Hide Their Gold Reserves

| December 12, 2012 | Articles: General

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 […]

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