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Demand for physical and non-physical gold in China is soaring. The Industrial and Commercial Bank of China (ICBC) reportedly sold nearly 7 tons of physical gold in January alone, almost half of what they sold in all of 2010, according to Reuters.
Dear Friend of GATA and Gold (and Silver): With so much of North America frozen solid, there may not be a more prospective place than the Phoenix Resource Investment Conference and Silver Summit next Friday and Saturday, February 18 and 19. In
Heightening suspicion on the part of Beter, and others, was the continued refusal by the Treasury to open the facility for inspection by anyone – including members of Congress.
Perhaps the most stunning example of what may be in store for asset managers and pension funds (and possibly retail holders) who dare to challenge central bank monetary authority comes from the Netherlands, where we have just...
"The Asians, particulary the Chinese, want physical gold and they want it tomorrow. So the Chinese have a new method. They are now planning to buy tremendous amounts of the ETF GLD. They will then tender the GLD shares for immediate delivery of go
On Friday silver closed in complete backwardation on the Comex. Spot silver closed at $29.075/oz while FEB 2011 closed at $29.064/oz and DEC 2015 closed at $29.026/oz. I believe this is the first time in history that this has happened. Silver trad
According to my favorite newspaper, the Financial Times, the Chinese people are buying gold like theres no tomorrow.
Bloomberg has just reported, that "China central bank adviser Xia Bin said the country should increase its gold and silver reserves, the Economic Information Daily reported today
The WSJ reports that The Central Bank of Russia plans to buy 100 metric tons of gold from domestic banks a year in order to replenish the country's gold reserves
"We have at this particular stage a fiat money which is essentially money printed by a government and it's usually a central bank which is authorized to do so. Some mechanism has got to be in place that restricts the amount of money which...
For anyone looking to hold gold as a store of value or even medium of exchange, major gold coin mintages like the Eagle, Maple Leaf, and Krugerrand are advantageous because they’re recognizable worldwide.
Silver Wheaton (SLW) has one of the best business models I have ever seen... It could make a billion dollars in profits in 2013... yet it has less than two-dozen employees and basically no operations.
If I'm right about what's happening with the economy and how the Fed will respond—with more, not less, quantitative easing—the general response in the world markets will be to dump dollars
The gains in natural resources are getting ridiculous these days...
Gold will eventually rally exponentially and investors who don't own the precious metal are "insane," and may be showing "masochistic tendencies," Robin Griffiths, technical strategist at Cazenove Capital, told CNBC.
LOVEolutionary "Alma" reports for FreedomsPhoenix on how to use Silver in coming financial crisis. We also get a bit of history from APM owner Jerry Williams about the use and history of US coins pre-1964 are 90% silver ($50 worth of dimes = $????)
Host:
Ernest Hancock
Ernest shares with the audience how easy it is to buy and sell precious metals.
Host:
Ernest Hancock
Ernest shares with the audience how easy it is to buy and sell precious metals.
Is there a stealthy transfer of precious metals market manipulation taking place, one that exonerates the domestic, and therefore regulatable, suspects, while making foreign banks carry the burden of suppressing silver and gold prices?
As the incoming chairman of the House monetary policy subcommittee, Rep. Ron Paul (R-TX) will hold the bully pulpit when it comes to the nation's money woes.
It's doomsday plus a few weeks.
Cazenove Capital -- widely assumed to be a broker to the British royal family -- remains bearish on U.S. stocks and bullish on gold.
The Financial Times reports that JP Morgan, the firm targeted by thousands of "tin foil hat" wearing, conspiratorially-oriented "gold bugs", has cut back on its US silver futures. "JPMorgan has quietly reduced a large position in the US silver...
To be safe, Rickards says you should take out your gold out of the banks before governments freeze physical holdings.
Got Silver?
In the suit, the plaintiff allege that JPM and HSBC in August 2008 held 85% of the net short position in silver and by the first quarter 2009 held $7.9 billion in precious metal derivatives.
The precious metals markets have tremendous potential for investors. But they are also wrapped up in great mystery -- deliberately so. Gold is the worst understood financial market. Most official data about gold is actually disinformation.
Having broken out convincingly into new high ground, gold and silver have now paused for breath. Despite the sharpness of this week's reaction, their performance indicates good underlying strength. This is not to say there is no speculative froth -
This is a vote from the commodity market that Bernanke, Congress and you, the American public, will not force the scams and frauds in the banking system that have been festering since 2007 into the open where they can be resolved.
Gold takes off, as the CRB index passes 300, with America blissfully unaware $100 oil and 20% U-6 unemployment is next, leading to a total collapse in the economy. The catalyst: Bloomberg reports China to put more reserves in gold.
