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How Likely Are Bail-Ins? Bank of England Says U.S. “Could Do Today”
BOE Says U.S. “Could Do Today” And U.S Authorities Doing Simulation Exercises. The U.S. already has in place plans for bail-ins in the event of banks failing. Indeed, the U.S. […]
Continue readingAlasdair Macleod: Untangling Gold at the Bank of England: BOE Admits 1,300 Tons of Gold Removed Since March!
The figure for custodial gold held at the BOE was reported by the BOE in June to be 4,977 tonnes “at least 400,000 400-ounce bars” taken from tour-note 2 of […]
Continue readingAsian Gold Premiums Hit New Highs as Europe Urged to Start “Agressive QE”
Asked yesterday on Bloomberg TV whether the Fed will start to cut its $85 billion program of monthly quantitative easing, New York Fed president William Dudley said “It really depends […]
Continue readingBOE’s Carney’s DIESELBOOM: Policy-Makers Working Diligently to Devise an International “Bail-In” Regime
Outgoing Bank of Canada Governor (& Goldman alum and incoming BOE Governor) Mark Carney just released an epic Freudian slip today during a televised speech in Washington regarding the Western […]
Continue readingFDIC & Bank of England Create Resolution Authority for Unlimited Cyprus-Style “Bail-Ins” for TBTF Banks!
*BREAKING SD ALERT* Editor note: Bringing this massive story back to the top of the news feed for those who missed it over the holiday weekend. On Wednesday, SD broke […]
Continue readingEric Sprott: Do Western Central Banks Have Any Gold Left??? Part II
We are currently in an environment where policy makers are intent on devaluing their currencies in an effort to create growth. Real rates continue to stay negative in most of […]
Continue readingMEXICO’S FEDERAL AUDIT DEMANDS PHYSICAL INSPECTION OF SOVEREIGN GOLD HOLDINGS HELD AT BOE!
*BREAKING Guest Post, by Guillermo Barba Today we have an exclusive note on this blog: the Mexican Superior Audit of the Federation (“ASF” in Spanish), in its “Report of Supreme […]
Continue readingGold Bank Run Accelerating…Now the Swiss Want Their Gold Back- All 1040 Tons of It!
With last week’s announcement by the Bundesbank of the repatriation of 674 tons of German gold from Paris and NY over the next 7 years, we predicted that an avalanche […]
Continue readingJim Sinclair: German Gold Repatriation is the Most Significant Gold Event in 50 Years, Beginning of the End of the US Dollar As Reserve Currency
Legendary gold trader Jim Sinclair has sent an email alert to subscribers today regarding last night’s news that Germany will begin repatriating it’s gold held on deposit at the NY […]
Continue readingBank of Australia Admits 99.9% of Gold Reserves Are Held in Bank of England
How do you say rehypothecation in Australian? After months of persistence, our friend Greg from AUSBullion has received written confirmation from the Reserve Bank of Australia that the bank holds […]
Continue readingA la Weimar: The Bank of England has just crossed the line into Outright Government Monetizing
Last week’s news that the Bank of England had stopped Quantitative Easing early because it was not needed was a load of rubbish. The truth is that it was stopped […]
Continue readingFed Sent Bundesbank 172 Bad Delivery Gold Bars in 1968
The Tylers at ZH have discovered a 1968 memo from the BOE archives sent by the Bank of England to the Federal Reserve revealing that the Fed sent at least […]
Continue readingPrecious Metals Set For Higher Weekly Close And Seasonal Year End Rally
Gold is 3.35% higher and silver 4.53% higher this week in US dollars in the aftermath of Obama’s re-election. Gold in euros looks set to break out above €1,400/oz and […]
Continue readingBank of England Halts QE3 Early- King States No Plans For Further Bond Purchases
The Bank of England Thursday prematurely halted it’s Quantitative Easing program at £375 billion, ending it’s QE3 early. Governor King stated he has no plans for further bond purchases, and […]
Continue readingNed Naylor-Leyland: If Your Gold Reserves Are at the BOE or NY Fed, You Have No Chance of Getting Out With Any Metal!
The Doc welcomed back Cheviot Asset Management’s Ned Naylor-Leyland for an exclusive interview Sunday regarding the German gold repatriation, and how it will affect the physical gold market going forward. […]
Continue readingNetherlands’ Citizens Group Demands Central Bank Reveal Location of Country’s Gold Reserves
First Venezuela, then Germany, and now the Netherlands want their gold back. In the wake of this week’s ruling by the German Federal Accountability Office that Germany must repatriate and […]
Continue readingGermany’s Gold Repatriation and Brown’s Bottom
Submitted by SD reader Jack Sometimes we need to look back in history to “connect the dots”. In 1999 Gordon Brown started selling England’s gold into the market place. This […]
Continue readingClassified Report: Germany Withdrew 1000 Tons of Gold from London in 2000-01
On Monday, we reported that the German Financial Accountability Office had mandated the Bundesbank repatriate 150 tons of German gold from the NY Fed over the next 3 years. […]
Continue readingGerman Parliament Denied Access to Inspect German Gold Reserves Due to ‘Lack of Visiting Rooms’
German Federal auditors handed in a report slamming the Bundesbank for not inspecting their foreign held gold reserves to verify their book value. The report says the gold bars “have […]
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