Only Indians can fix what is broken in the gold market, and they are working maniacally to do it. Give India’s gold buyer class the time they need to really fix what is really broken in the gold market, and they will get the job done. [Read more...]
The era of bondholder bailouts is ending and that of depositor bail-in is coming.
The changing financial landscape post crisis poses challenges to savers and investors globally. It is important we consider how savings and investments can be protected.
Bail-ins are a risk in the coming years and yet there is a lack of appreciation of this risk as there was a lack of appreciation of the risks posed by property bubbles and the global debt crisis.
It will take a number of years for the final configuration of the new financial order to become clear. This means that there are difficulties inherent in selecting appropriate investments when the ultimate outcome is unclear. Apart from that, what we do know at present is that there are straws in the wind that should concern savers. [Read more...]
David Morgan’s mining analyst for the Morgan Report discusses China’s massive import of 130 tons in October alone and unprecedented global demand for both gold and silver, while the cartel prepares to send paper metals prices to a re-test of the June lows of $1178 and $18.
Are new lows and the best stacking opportunity since 2008 imminent? The Morgan Report believes silver will hold, but gold is heading back to $1,000 in December! [Read more...]
Douglas Jackson the founder of e-gold, before it was shut down by US authorities, is now in the talks with a organization called Coeptis that hopes to launch a gold backed “bitcoin style” digital currency.
The idea is great, but the question is will he be able to pull it off? Western Central banks will certainly be opposed to this idea. Will he truly be able to create a decentralised gold backed digital currency? If somehow this is pulled of by Mr. Jackson or anyone else, then the results will truly be game changing. [Read more...]
One of the men that won the Nobel Prize for economics this year says that “bubbles look like this” and that he is “most worried about the boom in the U.S. stock market.” But you don’t have to be a Nobel Prize winner to see what is happening. It should be glaringly apparent to anyone with half a brain. The financial markets have been soaring while the overall economy has been stagnating. Reckless injections of liquidity into the financial system by the Federal Reserve have pumped up stock prices to ridiculous extremes, and people are becoming concerned. In fact, Google searches for the term “stock bubble” are now at the highest level that we have seen since November 2007. Despite assurances from the mainstream media and the Federal Reserve that everything is just fine, many Americans are beginning to realize that we have seen this movie before. We saw it during the dotcom bubble, and we saw it during the lead up to the horrible financial crisis of 2008. So precisely when will the bubble burst this time? Nobody knows for sure, but without a doubt this irrational financial bubble will burst at some point. Remember, a bubble is always the biggest right before it bursts, and the following are 15 signs that we are near the peak of an absolutely massive stock market bubble… [Read more...]
In his latest must watch video, the Silver Bullet Silver Shield’s Chris Duane examines the likelihood that the government will ever attempt to confiscate silver.
Duane destroys the myth and irrational fears that a door-to-door confiscation of silver is coming, and like The Doc, makes the case that the most likely targets for a Federal confiscation of precious metals would be ETF stockpiles and nationalization of mines. The real threat of confiscation of your wealth is via inflation, and confiscation of paper retirement funds and vehicles.
Chris Duane’s full analysis on the potential for a national gold & silver confiscation is below:
What has been promoted as a housing market recovery by the financial media, Wall Street and the Obama Government is really nothing more than a dead-cat bounce in a long term bear market that has been fueled by a couple trillion in taxpayer-backed Federal Reserve and Government stimulus programs.
What’s most interesting about the sequential decline in almost every housing market metric is that this decline has been occurring in what should be the market’s strongest seasonal period. If you are looking to sell your house and get the kind of prices that realtors are promoting, it is likely too late. If you want to sell your house, or have to, I would suggest getting it ready to be listed by mid-January and price it to sell, not to maximize profits.
The housing market is approaching a cliff. [Read more...]
Rudolph von Havenstein was head of the German Central Bank during the infamous Weimar hyperinflation/currency collapse period (1921 – 1923). As most of you know, every German who had their wealth denominated in German marks on the night of November 13, 1923 woke up the next day to discover that their paper wealth was worthless. Gold, for all intents and purposes, went to infinity as measured in the German mark (gold began the Weimar Republic period at 170 marks and peaked at 87 trillion marks).
I mention this as background because, despite the Fed’s lip service to the contrary about reducing QE (the “taper”), the Fed has no choice to not only continue printing money, but will soon be forced to increase its rate of printing. Make no mistake, this is going to get crazy and they will probably eventually start buying assets other than Treasuries and mortgages, such as municipal bonds, pension liabilities and equities. [Read more...]
Gold Mining Executive: “You Have To Be Able To Survive The Lows In Order To Reap The Benefit Of The Highs”
When we’re in an up-cycle, people can never see a reason why it’s going to go down but it always does. When we’re in a down-cycle, people can never see a reason why it will go up, but it [always] does.
This has been a good cycle. 2013 is the first year in a while that we’ve had a down-cycle in the gold price and of course, people are ready to bail out. So we’ve had a pretty good run but I don’t think it’s over yet.”
In order to operate successfully as a miner, ”You have to be able to survive the lows in order to reap the benefit of the highs.” [Read more...]
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!