A major conference on the future of banking yesterday heard contributions on a European banking union which is being negotiated by Eurozone finance ministers. One of the aspects of that union will be a ‘bail-in’ of deposits when banks fail in the future. Michael Noonan, Ireland’s Minister for Finance confirmed yesterday that bail-ins or deposit confiscation will be used. [Read more...]
BrotherJohnF’s latest public silver update: Silver & Wrath [Read more...]
DON’T MISS THIS ONE: “We are on the cusp of something historic happening on the Comex,” says TF Metals Report’s Turd Ferguson.
In this SGTReport roundtable discussion which also includes the Doc from Silver Doctors, we examine the strange recent purchase of gold contracts with a $3,000 strike price in 2015. We cover the PROVEN Gold and Silver manipulation with the London fix, we chat about the new gold-backed crypto-currency known as e-gold, and we finish with the gripping story of the very real drain of PHYSICAL from the Comex.
According to Turd, ‘We know that for the first time anyone can remember, the US banks are net long Comex gold futures, US banks meaning JP Morgan. And net long to the point of having CORNERED the paper gold market in New York because the position is so large. I’m talking the extent of 20% of open interest. And now we’re heading into the December delivery period… [Read more...]
Total Silver Maple Leaf sales in the first nine months of 2013 were 19.7 million, surpassing the total 18.1 million for 2012. In addition, Gold Maple sales are already 12% higher at 867,000 oz compared to 772,000 oz for the total in 2012.
If this strong sales trend continues, we may see another ALL TIME RECORD in Silver Maple sales in 2013. In 2011, the Royal Canadian Mint sold 23.1 million Silver Maples which is only 3.4 million more than has been sold in the first three-quarters of 2013. [Read more...]
After being pounded overnight throughout the London session back under $1250 and $20, the cartel has just provided precious metals investors with a full-fledged Cyber Monday sale, as gold has just been dropped down the proverbial mine-shaft to $1217, and silver has been crushed nearly 5% lower to $19.11! [Read more...]
Perfectly timed with today’s 5% cartel smash of silver, SDBullion has been announcing blowout Cyber Monday deals each hour all day!
If you haven’t checked SDBullion every hour today you missed:
2014 Silver Maples As Low as $1.79 over spot, 2014 ASEs $3.29 over spot any qty, Gold Maples $35.99 Over Spot any qty, 10 oz NTR bars 59 cents over spot any qty, 1 kilo gold RCM bars $14.99 over spot any qty, free s/h deals, and much more!
The details of each sale announced on the hour are displayed at the top of SDBullion.com in a green tool bar.
Make sure you check back every hour or you may miss out on the biggest deal of the year!
Cyber Monday Deals Every Hour!
Given the gross manipulation of both gold and silver, once this artificial reverse bubble bursts, the results will be equally distorted to the upside.
If anyone wants a glimpse into what the future holds for gold and silver, just look at how Bitcoin has rallied to $1,200+! Not even two weeks ago, it traded at $460, and now, it is worth the same as an ounce of gold. Without any warrants as to the reliability or sustainability of this recent phenomenon, it clearly shows the appetite for an uncontrolled [by central banks/governments] alternative to any fiat currency. The world is finally waking up to the central banker’s huge fiat Ponzi scheme.
Bitcoin is a digital currency, aka a crypto-currency, that has no intrinsic value. For now, it is an anonymous e-currency taking the world by storm. What seems to be the strongest point for acquiring Bitcoin is that it is continually going up in value, and it is momentum, not fundamentals, that keeps carrying the day. It runs the risk of becoming a Tulipcoin.
Gold and silver are in reverse bubbles, if you will, where price has been both severely distorted and suppressed by central banks, the visible tools of the otherwise hidden moneychangers, those on the top of the population pyramid who want to control and enslave the entire world in a totalitarian state of existence.
Once the suppressive manipulation bubble bursts for gold and silver, the number of fiats it takes to buy an ounce of gold will rise in value.
Bitcoin is the precursor for how reality will immediately set in and catapult precious metals that will likely leave Bitcoin in the dust. [Read more...]
Lars Schall met up with Munich based quantitative market research analyst and GATA consultant Dimitri Speck.
In this excellent interview Dimitri explains in detail what the effect of agreements between the FED, other central banks and bullion banks has been during the past 20 years, and why the original motivation to suppress the gold price was to lower the inflation expectations of the people and there with directly also support bond prices as well as maintaining a relatively strong US currency in the process. [Read more...]
If a Federal Reserve Note is a liability of the central bank, then what is the asset? The only possible answer is the nations productivity. So, in essence, an agent of the government, the central bank, most of which are privately owned (ownership is cloaked in secrecy) owns the entire productive output of free and democratic nation-states. People who speak of liberty and democracy in such a system only delude themselves.
“Governments cannot reduce their debt or deficits and central banks cannot taper. Equally, they cannot perpetually borrow exponentially more.
This one last bubble cannot end (but it must).” What is the alternative to the present system of debt serfdom and rising inequality? Eliminate the Federal Reserve system and revert to the national currency (the dollar) being issued by the U.S. Treasury in sufficient quantity to facilitate the production and distribution of goods and services. Is this possible? Not in our Financialized, Neofeudal-Neocolonial Rentier Economy. [Read more...]
A new form of banking is here! The term “Weaponized Banking” was coined to explain the new tactics of cyber attacks, capital controls, derivative markets, and more.
Is weaponized banking coming soon to a bank near you? [Read more...]
Are you deeply concerned about the future of America? Is something in your gut telling you that our system is fundamentally broken and that the mainstream media is not telling you the truth about what is happening? If so, you are definitely not alone. Right now, there are millions upon millions of Americans that are absolutely horrified as they watch this nation deteriorate. In fact, according to an analysis of recent polling data conducted by Real Clear Politics, approximately 68 percent of all Americans believe that the country is on the wrong track and only 23.5 percent of all Americans believe that the country is on the right track. And of course our problems did not appear just recently. In fact, many of them are the result of decades of very foolish decisions and they are not going to be fixed easily. Unfortunately, there is very little consensus among Americans about how to fix any of our problems. There is more anger, frustration, hatred and division in the United States today than there has been in decades, and there is very little hope that the great storms that are looming on the horizon will be averted. Those that are wise are preparing for what is coming. Those that are not are going to be absolutely blindsided by what is rapidly approaching. [Read more...]
While Chinese gold mine production has increased substantially over the past decade, there is a threat that they may indeed be running out of economic gold mineable reserves in the future. China has increased its gold production from less than 100 metric tonnes twenty years ago to a forecasted 430 mt (metric tons) in 2013.
China’s annual gold production will more than likely peak in the next few years as their reserves and mines become increasingly depleted.
China is burning through its gold mineable reserves as fast as it can so it will have as much gold in its central bank vaults when the world finally goes back to some sort of gold-backed monetary system.
In the latest Keiser Report, Max interviews gold expert Alasdair Macleod about 400 ounce London .995 gold bars being sent to Switzerland from Arab holders and melted down to 1 kilo .9999 bars, thus moving gold from the London standard, to the new better Chinese standard – suggesting we may be entering a post-petrodollar world. In which case, petrodollars could be flowing back into NY in pure dollar form to cause high inflation. And, finally, Max and Alasdair suggest that unless you rig gold markets, your forex and libor rigging won’t work. [Read more...]
The weekly picture is one of a potential reversal; miners on the daily chart have confirmed a reversal, while both gold and silver are lagging behind a bit. The GDX breakdown below support was met with buying rather than increased selling. Since a break through support is a logical point for traders to bail out, this is a positive sign. Miners can sometimes act as an indicator for what happens in the metal, and this may be the case again. [Read more...]
On Cyber Monday 2013, SDBullion.com will have a blowout sale offering some of the lowest margin sale products of the year. Unlike Black Friday, the product on sale will change each hour! The details of the sale will be displayed at the top of any SDBullion.com’s page in a green tool bar. Check back every hour or you may miss out on the biggest deal of the year!