In this interview Jim Willie CB explains why foreign bullion holders are forcing the hand of the London Bullion Exchange. Jim believes that the ratio of paper to gold is between 45 to 1, and 100 to 1. Extreme violence may ensue from this theft...
Fed may be the net buyer of $3 trillion in Treasurys, an action which will likely set off a chain of events which could result in rates dropping all the way to 0, stocks surging, and gold going from current price levels to well in the 5 digit range.
It may be overbought on a near-term technical basis, but gold — now on the precipice of breaking above $1,300/oz — is likely to remain in this secular uptrend for quite a while longer. We’re talking years. We’re still talking $3,000/oz.
At least one asset class is very much happy from the BOJ's latest FX intervention failure (see chart below): gold. Spot is pennies away from $1,300 and will pass it within hours if not minutes.
Gold has just hit a fresh all time record (with equity futures down), as the world has finally awakened to the central banker ruse. With spot touching at $1,293.5...
Just as the government is trying to prevent people from investing in anything other than T-Bills by raising taxes on taxable interest and dividends to confiscatory levels, it's also trying to prevent you from parking your wealth in assets, like gold,
Forget the Bush tax cuts. We need a $1 trillion per year post credit bubble debt cut, but we're not going to get one. That's why the gold price is going through the roof.
Someone forgot to tell gold to crash today. The spot price for the next true currency, and self-imposed non-Fiat standard, was at $1,277, a fresh all time high, as it prepares to take out the stops at $1,280, which would send it promptly over $1,300.
Some purchasers are balking at buying gold at $1250 an ounce and turning to silver instead,...momentum is probably key here and silver's momentum in recent weeks has been stronger than that for gold...
But the bigger factor affecting gold's price is the US bond bubble. Spooked by global market volatility, and deceived by the Fed's continued intervention to keep bond yields farcically low, private investors seem to have made a 'flight to safety'...
Fiat money allowed the US to experience boom. Fiat money produced the tech bust, the equities bust and the housing bust. Fiat money is the vehicle that is created and sponsored by the world's central banks. Fiat money will prove to be a fraud.
Soros, Paulson and Kaplan (among others) are buying up mines all over the world,...even redeveloping europe's previously most productive gold region in Romania. They know what's coming.
U.S. Rep. Ron Paul , R-Tex., plans to introduce a new bill next year that will allow for an audit of US gold reserves, he told Kitco News in an exclusive interview.
Paul dropped the news in the interview, indicating that the bill still does not h
Well, we sure hope you, ahem, bought the dip. A $17 vertical move in minutes is an appetizer of what will happen when Bernanke says the wrong word at J-Hole (and he most likely will). Quantitative Easing is going to be a be--auch...
The result of the 1968 failure of the London Gold Pool to suppress gold was an appreciation of the gold price from $35 to $850 per ounce. A similar percentage today would carry gold to almost $30,000 per ounce.
The Klondike rush happened in 1896, but no one ever truly discovered the source of the district's gold...the motherlode. Self-taught geologist Shawn Ryan claims to have found it, and mining companies are swarming there.
"In just the last 45 months we have had $1.5 trillion dollars in extra treasury bonds, that have been sold after issuance, and I would like to know where the proceeds are being held"
In no other market in the world do the major players get together each day and decide on a price. Imagine if Intel, AMD and Samsung were to meet each day to “fix” the price of microchips, or if the major oil companies were to meet each day...
An Arizona man noticed the money he had kept in a bucket in a secret location on his property had been replaced with rocks. A note with GPS coordinates of other burial sites was also missing.
The state government of Kelantan (Malaysia's most muslim region) plans to begin circulation of the new coins by using them to meet payroll for the state's employees.
None of our foreign creditors will want dollars. With fiat money in retreat all over the world -- and currencies devaluing against each other, the world's peoples will turn to the only money they can trust -- gold.
Gold turned higher on Wednesday, shrugging off a 1 percent rise in the dollar versus the euro, as concerns over the outlook for the U.S. economy and the potential for further monetary easing sparked haven buying of the metal.
BIS Gold Swaps Mystery Unravelled, the source of the gold provided in the dollar swaps with BIS is coming from customers of about 10 European banks who are holding their gold at the banks in 'unallocated accounts.'
Gold held below $1,185 an ounce in Europe on Tuesday, supported by physical demand after this month's slip and a softer dollar, but with a dip in holdings of the largest gold exchange-traded fund undermining sentiment.
Is something (abnormally) fishy in the state of precious metals manipulation? ...after Adrian Douglas observation that the LBMA has decided to block "access to statistics relating to the trading activities of its member bullion banks.
Those already outraged by the president's health care legislation now have a new bone of contention -- a scarcely noticed tack-on provision to the law that puts gold coin buyers and sellers under closer government scrutiny.
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