Introducing the Altyn: Russia Accelerates Plans to Launch New “Gold” Eurasian Currency

Several Russian News outlets have reported that Russia, Kazakhstan and Belarus, that currently form the Eurasian customs union, will sign an agreement in May to accelerate the formation of an economic union and a joint currency: the Altyn.
Russia’s economy is eight times smaller than the US, but by forming a new ‘empire’ on top of a vast amounts of resources, this economic block will be a serious threat for the US petrodollar.

Russia is now speaking openly about getting rid of the US dollar for trading energy, building its own payment system and closing gas export deals with China - the other Asian empire. The Eurasian Economic Union will be a powerful stab at the US dollar hegemony.
By the way, the meaning of the Turkish word “Altyn” is … gold.

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U.S. Exports A Record Amount Of Gold To Hong Kong In January

U.S. Gold Bullion Exports to Hong KongThe figures are out and it looks like the United States exported a record amount of gold to Hong Kong in January- a stunning 57 metric tons!  Not only is this 3 times more gold exported than January 2013 (17 mt), it was 84% more gold than the record month set in August (31 mt).  As we can see, gold bullion is fleeing the U.S. and heading to the East.  Again… that 57 mt figure is just gold bullion.
As the West continues to play games with Monopoly money and Derivatives manufacturing, the East accumulates as much gold as it possibly can.  While Main Stream Media and its Banker cohorts release bearish $1,050 price targets for gold, the Asians and Indians smile as they build the largest amount of gold stocks in the world. [Read more...]

CME Announces Plans to Launch Physically Settled Asian Gold Futures Exchange

CMEWhile many precious metals blogs and investors have proclaimed an imminent COMEX default since 2008, we have long maintained that the COMEX is more likely to fade into irrelevance than to outright default on gold or silver bullion as physical Asian demand would facilitate the development of physical exchanges in the east.  
It appears that the CME decision makers have seen the light and agree with us, as Reuters reports this morning that the CME plans to launch a physically settled gold futures exchange…in Asia.  [Read more...]

The Gold Spread and Wall Street Banks

It is so obvious, and so apparent, that I wonder why commentators have only now seen fit to begin commenting.
“It” of course, being the pronoun referencing the gold spread and the insane, short-term profits the Wall Street Banks have been reaping right before our eyes.   [Read more...]

Deja Vu? 2014 Is Turning Out To Be Eerily Similar To 2007

BubbleThe similarities between 2007 and 2014 continue to pile up.  As you are about to see, U.S. home sales fell dramatically throughout 2007 even as the mainstream media, our politicians and Federal Reserve Chairman Ben Bernanke promised us that everything was going to be just fine and that we definitely were not going to experience a recession.  Of course we remember precisely what followed.  It was the worst economic crisis since the days of the Great Depression.  And you know what they say – if we do not learn from history we are doomed to repeat it.  Just like seven years ago, the stock market has soared to all-time high after all-time high.  Just like seven years ago, the authorities are telling us that there is nothing to worry about.
Unfortunately, just like seven years ago, a housing bubble is imploding and another great economic crisis is rapidly approaching. [Read more...]

Guest Post: Could a Grass-Roots Buy Silver Campaign Be a Game Changer?

gold & silver sold outThe Chinese are already buying gold and won’t stop. What if Mom and Pop Americans started joining them?  Talk about real change!
The key then (for fiat dollar defenders of the status quo) is to keep your fellow Rotarian or next door neighbor from seeing the world like some of us do.
It’s a given that Operation Destroy Sentiment (and Keep It Dead) will continue 24/7 to prevent such an uprising.
This is the Real Battle being waged behind the scenes. Yesterday. Today. Tomorrow.
Will precious metals sound money disciples,  surrender finally exhausted, & raise the white flag or will they instead hold firm and even manage to recruit new volunteers to their ranks? 
Will the number of people who keep buying precious metals keep growing, not just in China but in America, Canada, England and Germany?   Could the “Black Swan” event many people have been predicting actually be a (sustained) grassroots buying binge in, of all places, America? 
Although I’d love to see this happen, I’m not predicting it.  However, if such an event did occur it would probably qualify as a game-changer. 

Just because the last “Buy Silver” grassroots event didn’t take off and soar doesn’t mean the next one won’t. [Read more...]

Peak Gold? Exploration Companies Slashing Budgets

bottom of the barrelAs metals prices boomed during the last decade, small explorers and big miners spent billions of shareholder dollars seeking new deposits. Investors wanted the high rewards of a discovery as metals soared in price. At $1,900 per ounce of gold, even mediocre finds could make money.
Richard Schodde, of MinEx Consulting, has studied past exploration cycles in detail. He says we are seeing a tightening of the sector, as the availability of capital has plummeted. Costs of exploration are coming down as companies cut back on high-salaried employees and reduce operating costs.

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Silver Smashed Below $19…And Promptly Spikes Back Over $20

freefallAfter a week generally free of major cartel smashes, the morning COMEX open waterfall returned (a bit earlier than normal) this morning, as gold was smashed nearly to $1265, and silver was knocked down .60 from yesterday’s trading to $18.90! 

*Update: the crash has turned into a crash and smash, as silver has just spiked over $1 off its lows to $20.02!
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Agenda 21: The BLM Land Grabbing Endgame

Agenda 21 MapWhy is the federal government so obsessed with grabbing more land?  After all, the federal government already owns more than 40 percent of the land in 9 different U.S. states.  Why are federal bureaucrats so determined to grab even more?  Well, the truth is that this all becomes much clearer once you understand that there is a very twisted philosophy behind what they are doing.  It is commonly known as “Agenda 21″.  Those that hold to this form of radical environmentalism believe that humanity is utterly destroying the planet, and therefore the goal should be to create a world where literally everything that we do is tightly monitored and controlled by control freak bureaucrats in the name of “sustainable development”.  In their vision of the future, the human population will be greatly reduced and human activity will be limited to strictly regulated urban areas and travel corridors.  The rest of the planet will be left to nature.  To achieve this goal, a massive transfer of land from private landowners to the federal government will be necessary.
The conflict between Nevada rancher Cliven Bundy and the BLM is really just the tip of the iceberg.  The reality is that the BLM has their eyes on much bigger prizes.

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The Empty Vaults of London- Fractional Bullion System to Fail Before End of 2014?

empty-vaultWith the price smashes of the past few weeks, the increasing desperation of the bullion banks seems palpable.
I now believe that we are truly witnessing the end of the era. We’ve all been waiting for the day when the fractional reserve bullion banking system would fail. I believe now that that day is very close. Maybe not next week or even next month but NOT 2017, either.
Sometime very soon, likely before the end of 2014. [Read more...]

This Is How Empires Collapse

gold collapseBefore an empire collapses, it first erodes from within. 
The collapse may appear sudden, but the processes of internal rot hollowed out the resilience, resolve, purpose and vitality of the empire long before its final implosion.
This is how empires collapse: one complicit participant at a time. [Read more...]

Conspiracy Fact Versus Conspiracy Theory

Jim Willie gunThe mainstream is on an academically-driven mission to politicize conspiracy theories and lump them all into the same category.
While gold and silver manipulation is an ancient conspiracy fact, eyes are wide shut to the general awareness in the face of one revelation after another.
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Who Says You Can’t Eat Gold? Man Swallows Twelve Gold Bars To Avoid Taxes

MSM shills like Ezra Klein have long claimed that physical gold is worthless because you can’t eat it. 
Seems they were wrong.  [Read more...]

Guest Post: The Golden Age Of Our Times Is The Age Of Gold

mali goldGold is the only money (gold – silver ratio must float) as everyone has known for millennia. Today most people have more or less forgotten this unique role, Western central bankers have tried for a century to put lipstick on a pig, so to speak.
By deceiving us, they deceived themselves and began to believe their own nonsense.   A historical failure and on a global scale looms. We need to recognize it in order to find the impetus beneath our feet allowing us to arise from the depth of this graveyard.
BRICS countries do not necessarily need the West to initiate this new settlement system.  It must be noted in this respect what it can supersede. The dollar currency and U.S. Treasury at the foundation of famous “petrodollars” are replaced by the Gold Bills that will allow buying oil.
The new system will likelydecouple these two functions. The income function can be brought (at appropriate time) by introducing gold bonds, that is to say bonds denominated in gold weight (ie not merely an obligation backed by gold collateral denominated in fiat currency – a.k.a. gold backed bonds), with interests denominated in gold weight and whose principal is redeemable in gold weight. 

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