Thursday, September 29, 2011

FIVE 9's Fine (.99999) Gold Coins

NOW Available the Gold Canadian Mountie Coin. Please call for a quote.

Wednesday, September 21, 2011

LBMA campaigns for gold to be Tier 1 asset for banks under Basel III

Posted on 20 September 2011
European central banks have become net buyers of gold for the first time in more than two decades, a significant sign that the role of precious metals in currency markets is not only being reassessed but actually changing, reported The Financial Times, while there also is a campaign afoot to include gold as a Tier 1 bank asset with the Basel Committee on Banking Supervision.

This week the London Bullion Market Association is meeting in Montreal, the biggest gold industry conference of the year. China, Mexico, Russia, South Korea and Thailand central banks are also net buyers of the yellow metal.   LINK...


Tuesday, September 20, 2011

Tom Stevenson: ETFs have potential to become the next toxic scandal

Back in April, the Financial Stability Board (FSB), an international super-regulator, wrote a prescient if less than catchily-titled paper "Potential financial stability issues arising from recent trends in Exchange Traded Funds (ETFs)".
Its central warning – that ETFs are not the cheap and transparent vehicles the marketers would have us believe – was spot on. When UBS’s $2bn black hole hit the screens on Thursday, no one who read the FSB report was surprised to see the words ETF and rogue trader in the same sentence.
The past ten years have seen an explosion in the popularity of ETFs. In part this reflects some of their acknowledged benefits – relatively low costs and the ability for investors to trade them throughout the day. A third claim, that ETFs are simple products, may once have been true but it no longer holds water. Many of these funds are now fiendishly complicated and way beyond the comprehension of the individual investors and professionals alike who are buying them.
Here are just a few of the reasons why ETFs are not all they are cracked up to be.   LINK...

Monday, September 19, 2011

Gold Breakout to $2,100 Coming Soon?

From a reliable source:   Jesse's Cafe Americain

Although there are a number of possibilities, some of which have been promoted by other 'name' chartists which people have sent to me, it seems most likely that gold is in a short term consolidation pattern, as a pronounced symmetrical triangle. A breakout to the upside seems most likely. That breakout will target 2100.   

Equedia - Central Banking: The God That Failed

Freedom Watch with Judge Napolitano
The case for a currency war.Watch Video

Thursday, September 15, 2011

Donald Trump Accepting Gold For Real Estate Payment

Posted by Wealth Wire - Thursday, September 15th, 2011

You may not be able to eat it, but gold has been used as a store of value and medium of exchange for millenia. We’ve previously opined that it may not be long before it once again becomes the world’s defacto currency. Governments, investment firms and individuals alike have been accumulating gold assets amid currency debasement, rising inflation and economic uncertainty.
The latest example of gold’s acceptance into mainstream consciousness comes to us from none other than one-time Presidential hopeful, reality TV star and real estate mogul Donald Trump, who recently agreed to accept a security deposit for one of his properties in gold bars:
On Thursday, the newest tenant in Donald Trump’s 40 Wall Street, a 70-story skyscraper in Manhattan’s Financial District, will hand Mr. Trump a security deposit worth about $176,000. No money will change hands—just three 32-ounce bars of gold, each about the size of a television remote control.   LINK...

Answers the many questions we get on what to do with your gold when it's $10,000/oz.  BK

Gold Fair Value, $10,000?

Gold-backed Dollar puts 'fair value' at US$10,000 an ounce

INTERNATIONAL. Gold has the potential to jump more than fivefold as the precious metal's price catches up with the surging amount of money in the U.S. economy, according to Dylan Grice, a global strategist at Societe Generale SA.   LINK...
We're seeing more and more predictions in this range.   BK

Monetary System Will Go Gold Soon

On King World News, Jim Rickards talks about how we will eventually return to gold as an important part of our monetary system.   BK

Tuesday, September 13, 2011

It's Time To Admit The Euro Has Failed

By Michael Sivy
September 12, 2011

Read more:
Is there anyplace where your money is safe?  Hmmm...    BK

Monday, September 12, 2011

Since 9/11, It Has Paid to Own Silver, Gold and Oil

From: The Wall Street Journal

The best performing asset class of the past decade has been silver, up more than 900%, from $4.16 an ounce to nearly $42 at last check. Gold has been a healthy second, up nearly 568%, from about $272 an ounce to about $1854.
Crude-oil, which everybody expected to be a big winner after Sept. 11, has gained, though not as much as gold and silver, rising 225%, from less than $28 a barrel to about $86.
The biggest post-9/11 losers have been the US dollar, European stock markets and financial stocks in the S&P 500. The best-performing sector in the S&P over this time has been the energy sector, up 128%.   LINK...
And yet portfolio managers around the world are less than 1% invested in Gold/Silver related assets. What will happen when these managers start looking for a better return on capital?   BK

Saturday, September 10, 2011

The Myth of Neo-Liberalism

A very thought provoking interview. A must watch!

Michael Hudson says we're headed for a 5-10 year DEPRESSION?   VIDEO...

Investment-savvy Indians shift gold buying to bars from bangles


By Jo Winterbottom

NEW DELHI, Sept 8 (Reuters) - In a nation whose love for gold is legendary, financial adviser Biju Daniel is one of scores of Indians who are rethinking how they amass riches through the precious metal.
Daniel's wife owns at least a kilogram of jewellery and he sports a gold watch. But he is also shrewd enough to realise that the world's biggest gold consumers are falling out of love with wearing their wealth, preferring to stock up on coins, bars and bullion-based investment funds as they look for returns safe from the ravages of inflation and the dictates of fashion.
Demand for gold bars, coins and other pure investments in India, Asia's third largest economy, soared 83 percent in 2010 from the year earlier to 349 tonnes, according to GFMS, a precious metals consultancy that is part of Thomson Reuters.    LINK...
Think about it folks, two of the largest, most populated countries in the world, with the longest histroy are buying gold coins and bars. Together China and India are absorbing our entire manufacturing and service based industries. What will that leave us?   BK

Friday, September 9, 2011

Is the Swiss Franc to Euro Peg Bullish For Gold?

By Eric McWhinnie

On Tuesday, gold (NYSE:GLD) reached a new all-time nominal high of $1921.15 before falling back below $1900. Silver (NYSE:SLV) futures for December delivery retreated 2.8% to close at $41.86. Even though gold and silver suffer pullbacks from time to time, the bullish case for precious metals (NYSE:DBP) continues to build. Yesterday, the Swiss National Bank decided to surprise global markets and give investors another reason to buy gold and silver.  LINK...
The only TRUE "safe haven" left...

Thursday, September 8, 2011

If You're Looking For Bubbles, Don't Look at Gold Coins

Constantin Gurdgiev

Globe and Mail Blog
Posted on Wednesday, September 7, 2011 12:01PM EDT

Dr. Constantin Gurdgiev is Head of Research with St Columbanus AG and the adjunct lecturer in finance with Trinity College, Dublin
Of all asset classes in today’s markets, gold is unique. And for a number of reasons.*
Firstly it acts as a long-term hedge and a short-term flight to safety instrument against virtually all other asset classes.** Secondly, it supports a wide range of instruments, including physical delivery (bullions, coins and jewellery), gold-linked legal tender, gold-based savings accounts, plain vanilla and synthetic ETFs, derivatives and producers-linked equities and funds. All of these are subject to diverse behavioural drivers of demand. Thirdly, gold is psychologically and analytically divisive, with media coverage oscillating between those who see gold as either a long-term risk management tool, or a speculative “bubble”. LINK...

Wednesday, September 7, 2011

More Beijing Embassy Cables Show China Sees Gold as Central in Currency War

From GATA's website

Submitted by cpowell on Tue, 2011-09-06 00:58. Section: Daily Dispatches

9:17p ET Monday, September 5, 2011

Dear Friend of GATA and Gold:

More news media-monitoring cables from the U.S. Embassy in Beijing to the State Department in Washington show that both China's government and the nation's financial press, tightly controlled by the government, consider gold to be the main weapon in a world currency war that is under way.

The additional cables, published a few days ago by Wikileaks and located by GATA's Irish friend R.M., disclose that China thinks that the United States is trying to prevent China's foreign exchange surplus from being converted into gold because the U.S. and its European allies plan a return to a gold standard that will favor them because they hold most of the world's gold reserves.   LINK...

Tuesday, September 6, 2011

$3,000 Gold by March 2012, Says Bob Chapman

Editor and publisher of the most highly acclaimed newsletter, The International Forecaster, Bob Chapman says that gold could easily go to $3,000 by March 2012.

Monday, September 5, 2011

China's Shadow Gold Buying


by: Tyler Durden

Wondering why gold at $1850 is cheap, or why gold at double that price will also be cheap, or frankly at any price? Because, as the following leaked cable explains, gold is, to China at least, nothing but the opportunity cost of destroying the dollar's reserve status. Putting that into dollar terms is, therefore, impractical at best, and illogical at worst. We have a suspicion that the following cable from the US embassy in China is about to go not viral but very much global, and prompt all those mutual fund managers who are on the golden sidelines to dip a toe in the 24 karat pool. The only thing that matters from China's perspective is that "suppressing the price of gold is very beneficial for the U.S. in maintaining the U.S. dollar's role as the international reserve currency. China's increased gold reserves will thus act as a model and lead other countries towards reserving more gold. Large gold reserves are also beneficial in promoting the internationalization of the RMB." Now, what would happen if mutual and pension funds finally comprehend they are massively underinvested in the one asset which China is without a trace of doubt massively accumulating behind the scenes is nothing short of a worldwide scramble, not so much for paper, but every last ounce of physical gold...   LINK...
Here's an interesting video on the subject...