Monday, December 31, 2012

Thursday, December 20, 2012

Thursday, December 6, 2012

Bob Chapman Gold Coin

The Bob Chapman Estate Gold Coin
EXCLUSIVELY through Central Metals Corp., a one-of-a-kind masterpiece of the great Bob Chapman.
This is a collector piece we're proud of and limited mintage will make this a rare valuable to remember a great mentor and teacher in the gold community. This masterpiece comes with a certificate approved by Mrs. Judith Chapman herself.
A percentage of all sales goes to the family estate of Bob Chapman.
FREE shipping in USA and Canada. International shipping available upon request. "OPEN ACCOUNT"

Price................... 3% over spot gold
Call:  844-411-8656 or

1oz .9999 Fine Gold Bullion Coin

Friday, November 30, 2012

Wednesday, November 28, 2012

AM 800 CKLW "Experts-on-Call"

Listen to our LIVE broadcast this Saturday at 10:00am on AM800 CKLW 
"Experts-on-Call" with Bosko Kacarevic

Tuesday, November 20, 2012

Cyberattacks 'Huge Security Issue' for the US: PNC CEO

By: Javier E. David
Special to

Computer hackers and other foreign adversaries pose an increasingly grave challenge to the U.S. banking system, PNC Financial Services CEO James Rohr told CNBC Thursday, adding that growing cyberthreats “could really disrupt this country.”
Physical gold and silver in our "U-Vault Account" has NO worries in this regard. If you want true safety of your assets and full liability insurance, try storing your wealth in precious metals. It has the best track record of wealth protection than any other currency or investment in the history of the world. The fact is that even the FDIC has recently announced that gold bullion is a 0% risk-free asset like cash or US Treasuries. The big difference is that unlike the $250,000 limit FDIC offers on cash deposits, our U-Vault Account offers full value 100% insurance of your assets, whether it's $1 Million or $50 Million on gold or silver bullion. Why store your wealth in a bank that doesn't insure your money for full value? If the FDIC says that gold bullion is as good as cash then why not store your wealth in gold?   BK

Sunday, November 18, 2012

NEW Gold IRA Trust Accounts

Dear readers,

The demand for gold and silver continues and many of our USA clients have requested moving their retirement assets into physical gold and silver bullion coins and bars. In order to meet our customer demands we have met the challenge and we would like to introduce our NEW GOLD, SILVER, PLATINUM and PALLADIUM retirement accounts for IRA's. For more information please watch the video in the top right corner of the website or just contact us directly.

Thank you and we look forward to helping all our clients protect their retirement with the best legacy assets in the history of the world, gold and silver.

Bosko Kacarevic

Wednesday, November 14, 2012

How About a Fort Knox of Your Own?

Mining stocks were not for him, and neither was buying gold on the futures exchange. That was financial gold, meaning it existed on account statements but was not tangible. He wanted the real thing, gold in the form of bullion that he could hold in his palms, smudge with his thumbs.   LINK...
Try a custom designed solution with our "U-Vault Account."   BK

Monday, November 5, 2012

China a Gold Bullion Superpower

As rumors fly that leading Western economies have exhausted their gold hoards, China has become the world's biggest gold producer while also discretely accumulating bullion reserves.   LINK...

A double whammy for the USD. China leading with gold and Russia with oil. What's left for the USA? This is not a pretty picture.   BK

Russia emerges as top Crude Oil producer ahead of Saudi Arabia in 2012 | | 3

Russia emerges as top Crude Oil producer ahead of Saudi Arabia in 2012 | | 3

The USD "petro-dollar" is coming to an end. They had a good run at it but the game is over. With no gold backing and the BRICS nations moving out of the USD as a reserve currency, means the end for the dominant USD. No wonder the FED is monetizing debt with QE, no one else will buy it.   BK

Wednesday, October 31, 2012

Why Germany Wants To See Its US Gold

By Sven Böll and Anne Seith

Bundesbank President Jens Weidmann wanted to personally convince Peter Gauweiler that the German gold was still where it should be. Early this summer, the head of Germany's central bank took the obstinate politician from the conservative Christian Social Union (CSU), a party that is a member of the government coalition in Berlin, and a number of his colleagues into the Bundesbank's inner sanctum: the gold vault.  LINK...
I wonder if they will take the time to test each bar?  BK

Tuesday, October 30, 2012

Gold Confiscation Started In 2006

"Fools Gold" In The 21st Century And The "New And Improved" Gold Confiscation Swindle
by Bosko Kacarevic

April 5, 1933 President Roosevelt announced Executive Order 6102 forbidding the hoarding of Gold Coin, Gold Bullion and Gold Certificates. Back then the USD was technically backed by gold, up until 1971 when President Nixon closed the Gold Window completely. Now the USD is a "fiat" paper currency backed by the full "faith and credit" of the US Government. Just saying that gives me chills. "Faith" in the USA is now questionable? "Credit" is definitely out of control with a national debt of over $16 TRILLION that will never be paid, not to mention the unfunded liabilities.
So the question is, will the USA confiscate your gold again? Ask yourself this: Is there a gold standard? Can the US FED just print the money they need? What is considered the global reserve currency today? As you can see there is absolutely no need for them to confiscate your gold when they can just create the money they need to operate, and that's exactly what they've been doing. What do you think TARP, QE, Stimulus and all the bailouts are all about? 
The angle that many gold commentators seem to overlook is the fact that governments and Central Banks around the world have no need to confiscate your gold because they can easily "confiscate your wealth" by expanding the money supply. It's really that simple. 
Now, here's the new and improved GOLD SWINDLE and the Fools Gold of the 21st Century. In my opinion, governments along with the help of banks have been confiscating your gold since about 2006 with the birth of paper gold, electronic gold, ETF's, ETR's and so on. Think about it? What do you really think these new derivatives of physical gold bullion really are? It's gold confiscation, because the money that you intended to invest in physical gold bullion is now in the "custody" of the banks, which really control the government, in my opinion anyway. The fundamental reason for owning gold to protect your wealth is backfiring. All you're doing by investing in paper gold is allowing THEM to continue "gaming the system."  So, you gold investors out there who are frustrated with the volatility in gold and tired of waiting for the BIG move, then get your money out of the banks custody and take the physical gold bullion out of the system. It seems that people have become so conditioned that the government doesn't even have to demand your gold with an Executive Order anymore. All they have to do is create a fancy new financial product that makes it "easy" to own gold. Let me tell you folks, real gold is anything but easy to own. Just ask a miner, refiner or a gold dealer like myself. First you have to find it, dig it out, refine it, store it, insure it, inspect it and protect it by any means possible. Remember that old saying, "if it's easy to get, then it's probably not worth having." Even in the 21st Century, "FOOLS GOLD" still exists in paper or electronic form, take your pick, it's easy, but don't complain when it's gone.
Folks, gold is never easy to own, otherwise it wouldn't be GOLD!

By Default, Gold Is Money.

A King World News recap from April 2012. Jim Sinclair explains how gold acts as the final settlement of payment between nations in times of stress. Any wonder why Germany is requesting an audit of their gold at the New York FED? Read between the lines folks, you must own "physical" gold to be safe.  BK

Jim Sinclair 4:25:2012.mp3

Monday, October 22, 2012

High Frequency Trading and Algorithms

Is this what capitalism has become? Who has the fastest computer? 
What happened to investing in the sound fundamentals of "the business," or investing in the quality of "the people" running the business. Something is seriously wrong when these trading systems can cause the price fluctuation of a company's stock to the point of collapse or bubble status and not based on any sound economic principles. Where have the fundamentals gone? Remember that old saying, "if it's too easy to get, then it's probably not worth having." Now, don't get me wrong I'm all for advancements in technology, after all I'm a college graduate in electronics, but the question is about the "integrity" of the system? Now a days anyone can trade stocks, commodities and mutual funds with no education or experience in business what so ever. Large financial institutions are now hiring anyone, as long as they pass the Mutual Funds Exam and can generate commissions for the company. Does this sound like a safe place for your hard earned money?
The evolution of markets have reached a point where "the trading system" has become more important than the investment itself and in this computerized environment who is really safe from "the system" crashing? It could be a computer hacker, a power failure or a simple "glitch" in the software that cause the entire system to go haywire. Read your account agreement or prospectus carefully and notice where the liability lies when a "technology failure" occurs and you suffer losses. Not only is the integrity of "paper" contracts at risk from fraud, but your investment is really a digital signal to some computer in the black hole of cyberspace.

Yet people still question the value of gold bullion in your hands??? Sorry folks, but I'll take gold's 5,000 years of real value over any computerized trading system. Think of the REAL hard work and risk that miners go through to find, dig and refine gold, and then tell me it doesn't represent true value. Better yet, I dare you to tell that miner who risked his life going hungry and thirsty for years to find the gold, that it doesn't have value. I work hard to build a good life for my family and a future for my children, and I'll be damned if some computer is going to take that away from me.   BK

Listen from 3:50

Also from USA Watchdog on the mortgage crisis.

Saturday, October 20, 2012

Bill Gross Says Gold Will Thrive

Bill Gross says only gold and real assets will thrive in fiscal ‘ring of fire’ October 2, 2012, 10:58 AM
The latest round of quantitative easing made gold “even more attractive” and owning the metal should be considered as part of a diversified portfolio, analysts at bond giant Pacific Investment Management Co. said in a white paper posted Tuesday on company’s website.
Pimco founder and co-chief investment officer Bill Gross, in his separate monthly investment outlook also posted Tuesday, said only gold and real assets would thrive in a “ring of fire” of U.S. fiscal problems.
Gold GG GCZ2 -0.15% elicits black and white responses, the Pimco analysts said. Some investors “have a deep, almost religious conviction that gold is a useless, barbaric relic with no yield,” while others “love it” and see it as “the only asset that can offer protection from the coming financial catastrophe” always just around the corner, they said.   LINK...
Gold is entering the mainstream investment arena. This should crush any idea of gold being in a "bubble." Also, could this signal a new gold backing coming soon?   BK

Friday, October 19, 2012

Gold Radio Cafe

The Gold and Silver Financial Review
With co-host Jeff Dunphy:

Listen on Blogtalk: HERE

Tuesday, October 16, 2012

Get Physical Before It's Too Late

ETF “Costs and Liabilities” Sees Investors Migrating to Physical Allocated Gold

The head of industrial and precious metals trading at Barclays, Cengiz Belentepe, has told Bloomberg that investors are selling their investments in gold ETFs and opting for the safety of allocated physical gold.
According to Barclays, gold holdings in ETF products are growing at a slower pace than in 2004-2009 because some investors may be moving to physical bullion after initial purchases of an ETF.
Gold holdings in ETPs have increased 9.6% this year to a record 2,582.98 metric tons, data compiled by Bloomberg show. They rose 7.9% last year and 19% in 2010. Growth in gold ETP holdings has exceeded 35% from 2004 to 2009, the data show.
Barlcay’s Belentepe said “the question is whether the pace of buying has slowed, or whether the people have become a bit more sophisticated in recognizing the costs and liabilities.”
‘‘We’ve seen instances of people coming in, whose first step is to buy an ETF, second step is to get educated on how the market works, third step -- I’m going to shift this in direct gold purchase and storage, fourth step -- let me allocate this metal into these locations. It’s the early step they are all migrating through, expressing the same view but in different ways.”    LINK...
Physical gold stored outside the banking system and fully insured with our "U-Vault Account." Your gold is allocated, segregated, sealed and unemcumbered with a global vault services company with 50 years experience. Call for details.   BK

Friday, October 12, 2012

Gold Radio Cafe

The Gold and Silver Financial Review
With economist & co-host Jeff Dunphy:

Listen on Blogtalk: HERE

Thursday, October 11, 2012

Gold Goes Mainstream

From our friends at: Thundering-Heard

Gross: Stock and bond managers today must be alchemists: turn lead into gold. NOT likely. Too much lead (bubbled assets).
–Tweet from Bill Gross, Founder of PIMCO, which manages $1.8 trillion

“Do you own gold?” “Oh yeah. I do…There’s no sensible reason not to have some.”
–Ray Dalio to the Council on Foreign Relations

This is being written to put the precious metals market in a larger context for those people who still see the world proceeding much as it has proceeded in the past, a world without the large financial and supply chain disruptions that we foresee.

Strong multi-year upmoves in the price of any asset, aka a secular bull market in that asset, go through three stages:
  1. The speculative, early-proponent phase during which the mainstream investment community ignores or derides the potential of that asset.
  2. The mainstream phase, where the mainstream decides that exposure to that asset is a good idea for just about everyone.
  3. The mania phase, where just about everyone feels that they must own that asset and will tell you so when you meet them by chance in the supermarket.   LINK...

Monday, October 8, 2012

Singapore Freeport

Dear readers,

This week on King World News, top trends forecaster Gerald Celente of the Trends Journal, says the smart money is storing their gold in Singapore, and that Singapore intends to be the next great gold trading market in the world. Here's the mp3 to the interview: Gerald Celente on King World News

For those interested in storing gold and silver in Singapore, we have the perfect solution for you with our U-Vault Account at the Singapore Freeport. A fully insured, fully allocated and segregated ownership of your precious metals. Our Singapore vault offers state-of-the-art secure technology, total confidentiality, international GST tax-free trade zone and easy access to the Singapore airport. For more information please contact us.   BK

Thursday, October 4, 2012

Gold Radio Cafe

The Gold and Silver Financial Review
With co-host Jeff Dunphy:

Dr. Paul Craig Roberts
From the Institute for Political Economy

Listen to internet radio with Gold Radio Cafe on Blog Talk Radio

Wednesday, October 3, 2012

South African Miner Strike


And while the dramatic risks and implications for both the South African economy, the region, and the world in general can not be overstated if this economic paralysis continues, the irony is that with each successive striking victory, more and more workers both in South Africa, and everywhere, will soon be empowered to demand equitable treatment, which means higher salaries, which means less corporate profits, which means higher prices for everyone.   LINK...
The "Golden Age" is coming, expect major changes globally in 2013 and beyond.   BK

Tuesday, October 2, 2012

Food Crisis

We do not discuss the food crisis much on this website, but as a former commodities broker, let me tell you that what Marcia Baker speaks of is a serious issue and people need to be mindful of it and prepare!   BK

PIMCO Calls Gold "Compelling Inflation Hedge"

Our bottom line: Given current valuations and central bank policies, we see gold as a compelling inflation hedge and store of value that is potentially superior to fiat currencies.

Read more:

Thursday, September 27, 2012

Gold Radio Cafe

The Gold and Silver Financial Review
With co-host Jeff Dunphy:
Friday Sept 28, 2012 at 12:00pm EDT

Listen on Blogtalk:  HERE 
And this week's special guest:
Harley Schlanger

Mr. Harley Schlanger has been Executive Intelligence Review  (  magazine’s Southwest Bureau Chief for more than 15 years. In the recent years he has become a national spokesman  for Lyndon LaRouche’s Political Action Committee. As Bureau chief he had written numerous articles including on the mid-1980’s Savings and Loan crisis, the looting of pension funds and in September 2008, the illegal bail out the investment funds such Fannie Mae and Freddie Mac by the Federal government           
As an investigative journalist Schlanger has contributed to a number of books published by EIR. Some of the research was incorporated in The Ugly Truth About the ADL, Bush: The Unauthorized Biographyfor example.
            Schlanger himself made a run for the U.S. Senate in 1990, receiving 250,000 votes in the TexasDemocratic primary.

Tuesday, September 25, 2012

So, Did You Take Care of Business?

A great piece from our friends over at the Thundering Heard Blog.

"Worthless derivatives are being created by Wall St and High St at the rate of a million dollars per second! Governments have promised citizens far more than can ever be funded. If the big banks told the truth about their financial condition, all of them would be seen as insolvent. And it has been obvious for years that most countries in the world had taken on more debt than they could ever repay, and that their only strategy would be to print money. They are doing so."

Also, scroll down and check out the post they have on "chest refrigerators," a great way to save on energy.  BK

Monday, September 24, 2012

Gerald Celente and Greg Hunter

The Trends Journal is second to none and Gerald Celente is the TOP trends forecaster in the world. Take his advice seriously. I love his candor and passion!   BK

Wednesday, September 19, 2012

Fake Gold Bars in Manhatten

A few days ago, our report on the discovery of a single 10 oz Tungsten-filled gold bar in Manhattan’s jewelry district promptly went viral, as it meant that a tungsten-based, gold-counterfeiting operation, previously isolated solely to the UK and Europe, had crossed the Atlantic.   Link to Story HERE
To eliminate any chance of fake gold entering our network, we only buy from certified refiners and dealers who purchase direct from the manufacturers. Many are ISO certified refiners. Sellers cannot just walk into our office to sell. Everyone has to book an appointment to meet with us in private. This deters any "fly by night" sellers from our business, and we do not release funds to sellers for 24 hrs. Provided that the product is thoroughly examined by us and our trusted friend XRF, counterfeiters BEWARE! 
This is another great reason for clients to have a U-Vault Account.  BK

Tuesday, September 18, 2012

USD Headed For Rapid Collapse

By: Daryl GuppyCNBC Contributor
The lower the U.S. dollar the greater the intensity of currency wars. The break below the key uptrend line on the Dollar Index chart was an early warning of the third round of quantitative easing (QE3). The most important question now is to use the chart to examine the potential downside limits of a QE3 weakened U.S. dollar.   LINK...
Remember, it's not about GOLD, it's about the USD losing confidence as the world's reserve currency. Who would have confidence in a currency that is being created to bail out failed institutions, buy mortgages and support a ghost of a manufacturing sector? The FED is working against you to take away your standard of living and dignity in retirement. Become your own Central Bank with our U-Vault Account and protect the value of your savings from a system that has gone haywire.   BK

Monday, September 17, 2012

Petro Dollar Changing Hands

On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S.dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.   LINK...
As we explained on Gold Radio Cafe last Friday, the value of the USD is built on the relationship with Saudi Arabia and their oil. It seems that relationship is no longer as important as it has been. This directly affects the confidence of the USD as the world's reserve currency.   BK
"Paper money eventually returns to its intrinsic value---zero."  Voltaire  (1694-1778)

Saturday, September 15, 2012

Gold And The Eurozone Crisis

Government's and Central Banks around the world are actively pursuing gold as a means of collateral to settle debts. Are we on the road to a NEW Gold Standard? 

Become your own "Central Bank" with our U-Vault Account and eliminate any counter-party risk between you and your assets. Having REAL GOLD BULLION as a retirement asset is the best solution, especially since we offer better insurance than your bank deposit. Call now for more information on how to create your own "fully insured" gold vault.  BK

Video:   "Gold and the Eurozone Crisis."

Friday, September 14, 2012

Gold Radio Cafe

The Gold and Silver Financial Review
Listen Live on Blogtalk: HERE

Wednesday, September 12, 2012

#1 Reason To Own Gold, Ray Dalio

Gold is primarily an alternative to fiat currency and a storehold of wealth.  The main advantage that gold has over other currencies is that it can’t be printed.  While we have just gone through a period in which the degree of monetary stimulation has ebbed, the ongoing deleveraging means that developed economic will remain highly reliably on continued stimulation for years.  By the end of the quarter, central banks were starting to shift back toward renewed stimulation.

Read more:
Ray Dalio is one of the most successful asset managers in the industry, and as seen in this video, he's an obvious "insider" at the CFR.   BK

Tuesday, September 11, 2012

The Bank Trap on Your Standard of Living

By William J. Quirk

Four years after the 2008 financial crisis, banks are behaving more recklessly than ever.

In 1989, the CEOs of our seven largest banks earned an average of $2.6 million. In 2007, the average CEO income had risen to $26 million. The ordinary citizen might believe that this is grotesque overcompensation, but the financial sector found the pay perfectly reasonable. A year later, this sort of thinking led us to the brink of complete financial collapse. The financial crisis of 2008 now looks more and more like a defining moment, a crisis of capitalism. Globally, it has produced, in addition to a crippling recession, an unending debt crisis. Our own escalating, unpayable debt makes the future of U.S. power increasingly uncertain. Government borrowing and spending policies have failed to stimulate growth in the economy.

Confidence is lost, the system is broken and your standard of living, your freedoms and liberties will be sacrificed for "their" gains. It's time to take serious action when considering your savings and wealth.  BK

Friday, September 7, 2012

Gold Radio Cafe

The Gold And Silver Financial Review
With economist Jeff Dunphy:

Listen on Blogtalk:  HERE

Thursday, September 6, 2012

Gold Moving Into The Monetary System

Author: Julian Phillips
Posted: Thursday , 06 Sep 2012 
If these changes are instituted, there is a danger of interference in the gold market price by the public, but on the upside not the downside. After all, it will be in the interests of the monetary system to see higher gold prices rather than lower prices that the powers-that-be appeared to want between 1985 and 2005. But they will want to see a level of stability consistent with that of currencies and other monetary assets in that situation. Their desire for this can be overwhelming, as we saw in 1933 when U.S. citizens were banned from holding most forms of gold in the interest of the nation's monetary system. It was not until 1974 that they were again permitted to do so; however, this permission came with the proviso that owning gold from then on was a "privilege, not a right" as though to warn us all that things could change again. Even though governments attempted to write gold out of the system, they made it clear that they considered gold as part of their domain.

This is a real danger and one that should not be overlooked by us all in all the nations of the world. Any government that feels it is in their interests to take their citizen's gold will do so even if it means changing their laws.   LINK...
If you think your gold is safe in a bank vault, think again? The best solution, if it's "suitable" is at home in a safe or our private and fully insured U-Vault Account, outside the banking system.   BK

Russia Stockpiling Gold

Sourced from: Jesse's Cafe Americain

By Brett Arends

I can’t imagine it means anything cheerful that Vladimir Putin, the Russian czar, is stockpiling gold as fast as he can get his hands on it.

According to the World Gold Council, Russia has more than doubled its gold reserves in the past five years. Putin has taken advantage of the financial crisis to build the world’s fifth-biggest gold pile in a handful of years, and is buying about half a billion dollars’ worth every month.     LINK...
President Putin, a former KGB officer knows something bad is coming and he's getting prepared. Sounds like good advice.   BK

Tuesday, September 4, 2012

FED Moves to Open-Ended Bond Purchases

By Joshua Zumbrun and Simon Kennedy - Sep 3, 2012 12:00 AM ET

Four Fed presidents have come out in favor of an open-ended strategy for bond buying, with three calling for the program to begin now. Rather than specify a fixed amount of bonds to purchase by a certain date, such a strategy would leave the Fed able to announce a pace of purchases that it could adjust as the economy gets closer to Bernanke’s goals.   LINK...
Smells like more money printing is coming soon?  BK

Billionaire Frank Giustra Bets on Inflation

Friday, August 31, 2012

Gold Radio Cafe

The Gold and Silver Financial Review
With economist Jeff Dunphy:

Listen Live:  HERE

Wednesday, August 29, 2012

Bullish on Bullion


All of which gives us pause and makes us more than a bit wary. And so, oddly, does the brisk surge in gold to a four-month high. We say oddly because bullion has been one of the few investments that we've written about this year with consistent enthusiasm. Everything that was wrong with the global financial system seemed to us to add fresh luster to the yellow metal. More than ever, it seemed a reasonably safe harbor in a debt-laden world where paper currencies are being routinely debased to prop up failing economies. It didn't hurt, either, that the gold-mining stocks have been conspicuous laggards for quite a spell.   LINK...

Friday, August 24, 2012

Gold Radio Cafe

The Gold and Silver Financial Review
With economist Jeff Dunphy:

Listen HERE

Canadian Tax Resource

Wednesday, August 22, 2012

The U-Vault Account, Safer Than Money In The Bank

Recently there has been many financial institutions that have finally realized that gold is money, namely the FDIC, BIS, CME and LCH Clearnet. These institutions have either classified gold as a Tier-1 risk free asset or they have accepted gold as collateral for a loan. With that in mind consider the following:

FDIC insures cash deposits up to $250,000
(USA Bank deposit insurance)
CDIC insures cash deposits up to $100,000
(Canada Bank deposit insurance)

Gold & Silver in the U-Vault Account is insured up to $1 BILLION.
If gold is money, then where do you think it's safer to store your wealth?

Besides, FDIC is underfunded by $20 Billion.

Tuesday, August 21, 2012

A New Paradigm is Emerging

The "invisible hand" is losing control and humanity will succeed in freedom and liberty, as evidence the remarkable MARS landing of Curiosity. It shows the nature of human ingenuity and a new frontier in space. As in the financial world, GOLD will return as honest money as it always has. Be prepared for the new gold paradigm.   BK

Sunday, August 19, 2012

CME Europe Accepts Gold Collateral

By Nandini Sukumar and Nicholas Larkin - Aug 17, 2012 8:41 AM ET

CME Clearing Europe will accept physical gold as collateral, extending the list of assets it’s prepared to receive as regulators globally push more derivatives trading through clearing houses.
CME Group Inc. (CME)’s European clearing house, based in London, appointed Deutsche Bank AG (DBK), HSBC Holdings Plc and JPMorgan Chase& Co. as gold depositaries. There will be a 15 percent charge on the market value of gold deposits and a limit of $200 million or 20 percent of the overall initial margin requirement per clearing member based on whichever is lower, Andrew Lamb, chief executive officer of CME Clearing Europe, said today.   LINK...
More evidence of the "Red Carpet Theory" becoming a reality. Create your own "Gold Central Bank" with our U-Vault Account today.   BK

Thursday, August 16, 2012

Central Bank Gold Buying Doubles, While Global Demand Slows

Q2 Report: World Gold Council pdf

Accumulation of gold bullion from central banks was the bright spot in demand last quarter, as total demand fell 7% globally, which was driven by a 38% fall in consumer demand from India. 
Price sensitive Indians have been shunning gold and many have been opting for far cheaper poor man’s gold – silver. LINK...
Where do you think the "smart money" is going?   BK

Wednesday, August 15, 2012

Soros, Paulson Boost Gold Fund Stake

By Brendan Conway
John Paulson, the hedge-fund manager who is the single biggest reported holder of the SPDR Gold Trust, also revealed more GLD. Paulson & Co.’s holdings rose to 21.8 million shares as of the end of June, versus 17.3 million in the previous reporting period.
Hedge-fund manager George Soros nearly tripled his stake in the most popular U.S. gold fund during the second quarter, last night’s portfolio disclosures showSoros Fund Managementheld 884,400 shares of the SPDR Gold Trust (GLD) as of June 30, up from 319,550 on March 31.  LINK...
And these guys play to WIN BIG! The only mistake, they should have purchased physical.   BK

Tuesday, August 14, 2012

Windsor Utilities and Cost of Living

Dear readers,

Just an update on the rising cost of living and home utilities.
In my case, here in Windsor from July to August.

  • Natural Gas Bill:  +6.3%   (9.74/CM to 10.07/CM)
  • Electricity Bill:     +17.3% (0.075/kWh to 0.088/kWh)
  • Water Bill:           +10.8%  (0.297/CM to 0.329.CM)
Add this to the rising cost of food, according to the FAO, up 6% since June, and you get a much higher inflation number than the official 2%?
Solution: BE FRUGAL, start a garden, conserve energy(I don't mean solar), stop investing in retirement accounts and buy gold and silver related assets. Then... wish for the best, because what's coming is not pretty.   BK

High Food Prices May Trigger an Emergency Meeting


PARIS/LONDON | Mon Aug 13, 2012 6:32pm EDT
Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to address soaring grain prices caused by the worst U.S. drought in more than half a century and poor crops from the Black Sea bread basket. LINK...
Reminder: Your fixed pension income and paper promises from the government will not keep pace with rising food and energy prices. Gold is the only pension reserve needed, not cash. BK

Friday, August 10, 2012

Tuesday, August 7, 2012

Jullian Phillips on QE, When Not If

A great Mineweb podcast with Jullian Phillips.  LINK...


GEOFF CANDY: Just coming back to the comments you were making about the Bank of International Settlements and the role of gold as a monetary instrument, the big issue recently that's been raised quite a lot is golds role as a tier one asset particularly with regards to a change in rules by the Basel III accord, how much of an effect is this likely to have on the gold market?
JULIAN PHILLIPS: I think it's going to have a dramatic effect and in fact it's one of the most important events that gold has seen since the Washington Agreement and you're going to see a new demand come into the market from commercial banks. After all gold as the head of the Bundesbank, Herr Weber described it, is the counter to the US dollar therefore it's a matter of prudence if commercial banks hold gold so that in the event of what we've seen so often now, the decay of paper assets on their balance sheets, then the rise in gold should act in some way to compensate it. It's the case of getting the right percentage, but it brings gold into commercial banks, a new demand on top of central bank demand. And with banks now, shall we say, agreeing to its importance then it is an important remonetisation step, and I think as I said earlier, it will act in support of the financial system. But the very fact that there is so little gold out there to be bought would necessitate a higher price, a very much higher price. So from the beginning of January next year when we're supposed to see implementation of these recommendations, we might see an entirely new force coming into the gold market, and one that could easily overwhelm private investors, could easily lead to a step as we saw in 1933 where the US confiscated its citizens gold and even when they were allowed to own gold again in 1974, the statement was made that owning gold was not a right, it was a privilege. Now if that's the authorities' attitude, then it puts very firmly on the table the spectre of confiscation sometime in the future. And that future might be much closer than we think. So investors have got to be very careful to act properly in terms of holding that gold in the right place, in the right way - not just in the right place...

Thursday, August 2, 2012

S. Korean Central Bank Bought 16 Tonnes of Gold in July

Author: Christine Kim
Posted: Thursday , 02 Aug 2012 
Increased volatility in the global financial markets and falling confidence in the U.S. dollar have persuaded central banks to diversify their foreign reserves away from the U.S. currency and government debt securities.
Central banks became net gold buyers in 2010 for the first time in two decades and have remained buyers since, with an easing of prices this year helping the cause to accumulate more of the safe-haven reserve asset.
South Korea is Asia's fourth-largest economy and its foreign reserves of more than $300 billion ranked the seventh in the world and were equivalent to about 30 percent of its annual gross domestic product.
Gold accounted for 0.9 percent of the value of South Korea's total foreign reserves at the end of July, up from 0.7 percent a month earlier, the central bank said. The total book value of its gold holdings was at $3.0 billion, it added.
The South Korean central bank said it now ranked 40th in the world in gold holdings at the end of July, up from 43rd in June.
Become your own Central Bank with our U-Vault Account, and have you gold and silver fully insured in vault locations around the world.   BK

Tuesday, July 31, 2012

Food Prices Rising as Drought Continues

In the latest issue of The International Forecaster, Vincent Finelli comments on the drought in the midwest.

Drought - Panic in the Midwest
By Vincent Finelli
What you are about to read is real and frightening. The mainstream media is just beginning to cover the drought. Here in the
Midwest, farmers such as I, are in serious trouble. The weather conditions are so hot and so dry that the ponds that provide water
for our livestock are completely dry or drying up. Vibrant streams and creeks have disappeared. Springs that have provided clean fresh water for both man and animals for generations have stopped.
The hay production this year was 25% of last year's. Normally farmers are able to cut and bale hay twice per season. It is necessary to feed cattle over the winter when the grass stops growing or is covered with snow. For most farmers, there will be no significant second cutting and baling of hay this year. That means the hay supply for the year will be about 12% of what it was last year.
Farmers are selling their herds at fire sale prices – at prices that are about half of what they were four months ago. This rush to sell herds is because they cannot feed them. With only a 25% hay crop, and no green grass for grazing, farmers have used much of their winter supply already to keep their cattle alive.

Become Your Own Central Bank
By:  Bosko Kacarevic

For those that are in retirement and on a fixed income, be prepared for a much higher cost of living. If you have savings in paper money, GIC's, Certified Deposits or any other "guaranteed" certificate, please consider the U-Vault Account which is fully insured to the value of your gold and silver, whether it's $1million or $100million, much better than FDIC or CDIC deposit insurance. Due to the fact that many international bankers are now forced to classify gold as a "Tier 1" risk free asset , your retirement savings are much safer in gold bullion than in the banks paper promises, which by the way do not keep pace with inflation and the cost of living. Any guaranteed money is never a guarantee that food and energy prices will not rise, so why bother putting your savings in a paper instrument that is guaranteed to lose? A much better strategy is to have retirement reserves in gold and silver which have kept up with inflation for thousands of years.  MORE...