klogger Posted November 9, 2012 Report Share Posted November 9, 2012 http://www.silverdoctors.com/german-calls-for-gold-repatriation-intensify-as-fed-refuses-to-allow-inspection/ Calls for Germany to repatriate its 1,536 tons of gold reserves held at the NY Fed are intensifying as Der Spiegel reports the Federal Reserve has refused to allow German inspectors to even view the country’s massive gold reserves “in the interest of security and of the control process“. Unlike the US financial MSM, the German media is willing to discuss not only the question of whether the Federal Reserve has absconded with Germany’s gold, but also the risk of a collapse of a fully fiat currency: The debate over a collapse of strictly paper-based currency is experiencing a renaissance — as is the dispute over the gold reserves. Even Green Party financial expert Gerhard Schick has joined the fray: “I think the question of how much gold is available in an emergency is a valid concern.” confidence in the Fed and the BOE has clearly been shattered, and it is now only a matter of time for an absolute mad run on every last gram of physical metal underneath the NY Fed ensues. I don't see why the Germans don't built their own vault to store it. If they have a bill to pay in America then I would charge the Americas to ship the gold back there after the way the Fed is treating them. The Fed are acting very suspicious considering all the negative press they are receiving on this matter. Link to comment Share on other sites More sharing options...
drbubb Posted November 9, 2012 Report Share Posted November 9, 2012 "the Federal Reserve has refused to allow German inspectors to even view the country’s massive gold reserves “in the interest of security and of the control process“ LOL That's rich : Don't mess with our "control process", say TPTB These guys need to be taught a huge lesson, and the way to do it, may be to strip them of all power, and leave them shivering in their shorts. I really want to see the Bundesbank pursue these criminals. Link to comment Share on other sites More sharing options...
drbubb Posted November 10, 2012 Report Share Posted November 10, 2012 The Economics of Disaster by Ron Paul - Daily Paul Published : November 06th, 2012 464 words - Reading time : 1 - 1 minutes http://www.24hgold.c...ibutor=Ron Paul The NFIP disguises the real cost of flood insurance in flood prone areas, which influences homebuilding and sales in such areas. Recklessly taking unwise risks when risk is underpriced is known as moral hazard. When politicians decide that private insurance premiums are too high, as with houses built in flood plains, the solution is tounder price the risk through federal subsidies. The obvious and expected outcome is more danger to life and limb when disaster strikes. An excellent point from Dr Paul. The risk doesn't go away, it gets mispriced Link to comment Share on other sites More sharing options...
Errol Posted November 10, 2012 Report Share Posted November 10, 2012 1968 memo from the BOE archives sent by the Bank of England to the Federal Reserve reveals that the Fed sent at least 172 bad delivery gold bars to London in the late 1960′s for safekeeping for the German Bundesbank as repayment for swaps. The memo also indicates that the Bank of England was willing to keep the discovery private due to the fact that the gold was to be held for the Bundesbank Exclusive: Bank Of England To The Fed: "No Indication Should, Of Course, Be Given To The Bundesbank..." http://www.zerohedge.com/news/2012-11-09/exclusive-bank-england-fed-no-indication-should-course-be-given-bundesbank Link to comment Share on other sites More sharing options...
drbubb Posted November 10, 2012 Report Share Posted November 10, 2012 1968 memo from the BOE archives sent by the Bank of England to the Federal Reserve reveals that the Fed sent at least 172 bad delivery gold bars to London in the late 1960′s for safekeeping for the German Bundesbank as repayment for swaps. The memo also indicates that the Bank of England was willing to keep the discovery private due to the fact that the gold was to be held for the Bundesbank Exclusive: Bank Of England To The Fed: "No Indication Should, Of Course, Be Given To The Bundesbank..." http://www.zerohedge...iven-bundesbank That's explosive ! Where's the real gold then? Link to comment Share on other sites More sharing options...
JIMBOWEN27 Posted November 10, 2012 Report Share Posted November 10, 2012 Jim Willie (Part 2/2): the rush for physical gold is on Link to comment Share on other sites More sharing options...
drbubb Posted November 11, 2012 Report Share Posted November 11, 2012 2013 : the Year of Ditching the Dollar? Jim Willie (Part 2/2): the rush for physical gold is on http://www.youtube.com/watch?v=lrFCxMSt4ps Jim Willie believes that the Non-Dollar powers are now organised and ready to ditch the Dollar and move towards Gold. German has been tapped to be a "leader of the Eastern alliance" of countries who no longer want to see Dollar hegemony Their intent to ask for their Gold back from the Fed is an important warning sign. Link to comment Share on other sites More sharing options...
callmejoe Posted November 11, 2012 Report Share Posted November 11, 2012 http://main.omanobserver.om/node/123696 SINGAPORE — More of the world's rich are moving their gold and other valuables away from the economic turmoil in the West to Asia, prompting precious asset shipping specialist Malca-Amit to rapidly expand its storage capacity in the prosperous region. “We have a lot of enquiries from European banks, not because they want to move the assets necessarily to Asia, but because their clients are asking them to,” said Joshua Rotbart, general manager of Hong Kong-based Malca-Amit Precious Metals Ltd. “The clients don't want gold held in the US or Switzerland. They want to move it here.”..... Link to comment Share on other sites More sharing options...
callmejoe Posted November 11, 2012 Report Share Posted November 11, 2012 http://gizadeathstar.com/2012/11/the-list-has-grown-switzerland-the-netherlands-and-ecuador-join-germany-in-calls-for-audits-of-their-gold/#ixzz2BpaCHvE6 SWITZERLAND, THE NETHERLANDS, AND ECUADOR JOIN GERMANY IN CALLS FOR AUDITS OF THEIR GOLD Link to comment Share on other sites More sharing options...
drbubb Posted November 13, 2012 Report Share Posted November 13, 2012 http://gizadeathstar.../#ixzz2BpaCHvE6 SWITZERLAND, THE NETHERLANDS, AND ECUADOR JOIN GERMANY IN CALLS FOR AUDITS OF THEIR GOLD I get the sense that this is going to eventually trigger a big price spike Link to comment Share on other sites More sharing options...
callmejoe Posted November 16, 2012 Report Share Posted November 16, 2012 http://www.cftc.gov/PressRoom/PressReleases/pr6413-12 CFTC Approves Position Limit Appeal Washington, DC – The Commodity Futures Trading Commission (CFTC) will move forward with an appeal of a federal district court’s decision vacating the position limits rule. The Commission approved the appeal on a 3-2 vote. Link to comment Share on other sites More sharing options...
callmejoe Posted November 17, 2012 Report Share Posted November 17, 2012 http://rt.com/business/news/gold-crisis-vtb-bonds-858/ Investment arm of Russia’s second largest bank – VTB Capital – will start issuing bonds tied to gold price. Link to comment Share on other sites More sharing options...
Errol Posted November 18, 2012 Report Share Posted November 18, 2012 Another great article by Detlev Schichter (this time with a hefty section on ownership of gold etc): Some personal thoughts on surviving the monetary meltdown http://detlevschlichter.com/2012/11/some-personal-thoughts-on-surviving-the-monetary-meltdown/ My three favourite assets are, in no particular order, gold, gold and gold. After that, there may be silver, and after a long gap of nothing there could be – if one really stretches the imagination – certain equities or commercial real estate. Link to comment Share on other sites More sharing options...
Member100 Posted November 21, 2012 Report Share Posted November 21, 2012 Soros and Paulson are back to gold rush 21 November, 2012 US billionaire George Soros (AFP Photo / Odd Andersen) Legendary investors are aggressively building up positions in the precious metal. Gold exchange-traded funds have reached a record $145.1bn beating the gold reserves of every country except the United States and Germany. This year ETF (Gold exchange-traded funds) investors bought 247 tons of gold – more than the annual production of the United States, US Securities and Exchange Commission filings show. Paulson & Co. has a $3.66 billion bet through the giant SPDR Gold Trust. The billionaire raised his stake by 26% in the second quarter and his holding of about 66 tons exceeds the official reserves of countries like Brazil and Bulgaria. Soros Fund Management increased its holding by 49% to $221.7 million in the 3d quarter. That’s after George Soros called gold “the ultimate bubble” and largely dumped his stake in the ETF before gold rose to a nominal high of $1,920.30 per ounce in September. The price of gold has risen for 11 consecutive years. Since the beginning of 2012 it added 11%. The price is expected to grow 20% and reach $1925 by the end of the year, according Bloomberg experts. Analysts believe rallies will continue in 2013 amid uncertainty about the so-called fiscal cliff in the US, as well as the threat of inflation, which is growing due to increased monetary stimulus. Link to comment Share on other sites More sharing options...
drbubb Posted November 21, 2012 Report Share Posted November 21, 2012 Still Bullish after all of these years Link to comment Share on other sites More sharing options...
Perishabull Posted November 21, 2012 Report Share Posted November 21, 2012 Link to comment Share on other sites More sharing options...
romans holiday Posted November 21, 2012 Report Share Posted November 21, 2012 Good ananlysis of the trend here: http://news.goldseek.../1353511500.php The monthly chart of Gold shows the yellow metal in a very healthy consolidation between $1550 and $1800. Gold’s current retreat from $1800 has lasted two months. Back in 2009, Gold brokeout to a new all-time high in the seventh month of its consolidation. Presently, Gold’s bollinger band width is at a multi-year low and its three-month volume average is at a two year low. Also, the RSI has bottomed and made a higher low. Even if Gold touched $1600, it would remain in healthy position for a breakout in 2013. The evidence argues that the bottoms remain well intact and the metals are consolidating before the next breakout which entails Gold breaking $1800 and Silver $35. However, these breakouts are by no means imminent. Since we are dealing with monthly charts that means potentially three or four more months of consolidation. Furthermore, sentiment data such as the COT structure and public opinion polls need some improvement before the market could sustain a breakout. Thus, more consolidation could be the order of the day for the metals. Link to comment Share on other sites More sharing options...
drbubb Posted November 22, 2012 Report Share Posted November 22, 2012 "Man's first purpose... was to Mine Gold" That's what Zecheria Sitchin believed. After translating Sumerian scrolls, he developed the theory that humans were genetically engineered by "the Annunaki" to mine gold A strange theory, but many believe it Link to comment Share on other sites More sharing options...
Jake Posted November 22, 2012 Report Share Posted November 22, 2012 "Man's first purpose... was to Mine Gold" That's what Zecheria Sitchin believed. After translating Sumerian scrolls, he developed the theory that humans were genetically engineered by "the Annunaki" to mine gold A strange theory, but many believe it 'many'?? 'Annunaki' it sounds like a good name for a Junior company in South America or Afrika. Would be an interesting interview with the (alien) CEO with Dominic. Link to comment Share on other sites More sharing options...
romans holiday Posted November 22, 2012 Report Share Posted November 22, 2012 "Man's first purpose... was to Mine Gold" That's what Zecheria Sitchin believed. After translating Sumerian scrolls, he developed the theory that humans were genetically engineered by "the Annunaki" to mine gold A strange theory, but many believe it Nah, more like the first civilization co-incided with the mining of gold. Link to comment Share on other sites More sharing options...
Perishabull Posted November 22, 2012 Report Share Posted November 22, 2012 "Man's first purpose... was to Mine Gold" That's what Zecheria Sitchin believed. After translating Sumerian scrolls, he developed the theory that humans were genetically engineered by "the Annunaki" to mine gold A strange theory, but many believe it That's one of the interesting things about people, some of them will believe unbelievable things. "Austrian driver allowed 'pastafarian' headgear photo An Austrian atheist has won the right to be shown on his driving-licence photo wearing a pasta strainer as "religious headgear". Niko Alm first applied for the licence three years ago after reading that headgear was allowed in official pictures only for confessional reasons. Mr Alm said the sieve was a requirement of his religion, pastafarianism. Later a police spokesman explained that the licence was issued because Mr Alm's face was fully visible in the photo. "The photo was not approved on religious grounds. The only criterion for photos in driving licence applications is that the whole face must be visible," said Manfred Reinthaler, a police spokesman in Vienna. He was speaking on Wednesday, after Austrian media had first reported Mr Alm's reason for wearing the pasta strainer. After receiving his application the Austrian authorities had required him to obtain a doctor's certificate that he was "psychologically fit" to drive. According to Mr Reinthaler, "the licence has been ready since October 2009 - it was not collected, that's all there is to it". The idea came into Mr Alm's noodle three years ago as a way of making a serious, if ironic, point. A self-confessed atheist, Mr Alm says he belongs to the Church of the Flying Spaghetti Monster, a light-hearted, US-based faith whose members call themselves pastafarians. A medical interview established the self-styled "pastafarian" was mentally fit to drive The group's website states that "the only dogma allowed in the Church of the Flying Spaghetti Monster is the rejection of dogma". In response to pressure for American schools to teach the theory known as intelligent design, which some Christians favour as an alternative to natural selection, the Church of the Flying Spaghetti Monster wrote to the Kansas School Board asking for the pastafarian version of intelligent design to be taught to schoolchildren. Straining credulity In the same spirit, Mr Alm's pastafarian-style application for a driving licence was a response to the Austrian recognition of confessional headgear in official photographs. The licence took three years to come through and, according to Mr Alm, he was asked to submit to a medical interview to check on his mental fitness to drive but - straining credulity - his efforts have finally paid off. It is the police who issue driving licences in Austria, and they have duly issued a laminated card showing Mr Alm in his unorthodox item of religious headgear. When asked for his reaction to Mr Reinthaler's comments, Mr Alm told the broadcaster ORF: "I didn't know I was guilty of not collecting it. That doesn't alter the fact that it still took nearly a year [to be issued]". The next step, Mr Alm told the Austrian news agency APA, is to apply to the Austrian authorities for pastafarianism to become an officially recognised faith." Courtesy of BBC Link to comment Share on other sites More sharing options...
drbubb Posted November 23, 2012 Report Share Posted November 23, 2012 SUDDENLY - not sure why GOLD shooting up - about $20 Link to comment Share on other sites More sharing options...
drbubb Posted November 23, 2012 Report Share Posted November 23, 2012 THIS - from before the JUMP PRECIOUS-Gold tops $1,730/oz as stocks rise, dollar wilts 7:43am EST http://www.reuters.c...E8MN8Z520121123 Fri Nov 23, 2012 10:20am EST * Hopes for Greek debt deal, German data lifts euro, stocks * Prices set to face resistance near $1,740/oz * Silver outperforms gold, set for 3.5 pct weekly rise (Adds trade comment, updates prices) By Jan Harvey LONDON, Nov 23 (Reuters) - Gold prices rose above $1,730 an ounce on Friday as positive German economic data and hopes that Greece's creditors are nearing an agreement to tackle its debt lifted the euro to a three-week high versus the dollar and trimmed losses in stocks. Trade was expected to be quiet, however, with the U.S. stock market open for only a half-day of business after the Thanksgiving holiday on Thursday. "The dollar is coming off on the back of the German data and hopes for a Greek deal, and this is supporting gold," Andrey Kryuchenkov, analyst with VTB Capital, said. "Gold is likely to trade sideways, with key resistance at $1,740, but the price will depend on where the euro goes." == == With Gold up about 1%, The US dollar is down about 0.5% Link to comment Share on other sites More sharing options...
drbubb Posted November 23, 2012 Report Share Posted November 23, 2012 Strong buying related to next Tuesday's expiration of the popular December COMEX options also lifted gold. Heavy positioning of the $1,750 and $1,800 strikes in call options could increase volatility and lift prices, traders said. Link to comment Share on other sites More sharing options...
electroweak Posted November 23, 2012 Report Share Posted November 23, 2012 SUDDENLY - not sure why Just more manipulation, IMO. This kind of move in the UK gas market is being used to justify price manipulation. I'm convinced it occurs in Gold/Silver. Paper floods one way or the other. Sit tight, be right. Link to comment Share on other sites More sharing options...
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