Thursday, May 31, 2012

JM-1oz Silver Bars

Soon to be in stock, the BRAND NEW Johnson Matthey (JM) 1oz Silver bars.
These will be priced at $2.25 over spot silver. Discounts available for 500oz or more.

Wednesday, May 30, 2012

The Gold "Red Carpet Theory"

Dear readers,

Many of you have expressed your concern to me about the liquidation of your gold position, and I have said, "gold is the most liquid asset in the world because it has the longest track record to perform as money, longer than ANY other currency that has ever existed." Aside from selling it on the street in a "worst case scenario," you can take your coins or bars to any reputable bullion dealer (Central Metals Corp.) or bank.  Never forget that you own REAL money and it's recognized all around the world as MONEY!
I have suggested to many of you that there may come a time when you will not need to sell your gold because when you walk into a bank, they will roll out the "Red Carpet" for you because you have REAL tangible wealth and the bankers will be very anxious to give you a collateral loan on your gold.
The article I posted below supports my "Red Carpet Theory." Imagine the housing craze times a hundred. Think of how easy bankers were giving mortgages on homes. Now think of all the effort and paperwork involved in selling a property, compared to how fast you can sell gold? It's a no-brainer for bankers to lend you money on your gold.
If you're interested in a highly secure and fully insured strategy on liquidating your gold or silver then please contact us for a strategy session and we'll show you how you can implement a fully secure and tax efficient transaction for your gold and silver holdings.  BK

The big new thing in gold - capital adequacy ratios

Ross Norman looks at the implications for gold of an increased focus on the assets banks are allowed to hold as tier one capital.
Author: Ross Norman
Posted:  Tuesday , 29 May 2012 

Banking capital adequacy ratios, once the domain of banking specialists are set to become centre stage for the gold market as well as the wider economy. In response to the global banking crisis the rules are to be tightened in terms of the assets that banks must hold and this is potentially going to very much favour gold. The Basel Committee for Bank Supervision (or BCBS) as part of the BIS are arguably the highest authority in banking supervision and it is their role to define capital requirements through the forthcoming Basel III rules.

In short, they are meeting to consider making gold a Tier 1 asset for commercial banks with 100% weighting rather than a Tier 3 asset with just a 50% risk weighting as it does today. At the same time they are set to increase the amount of capital banks must set aside as well. A double win potentially.  

Friday, May 25, 2012

Central Banks Boost Gold Holdings

Author: Lawrence WilliamsPosted:  Friday , 25 May 2012
The latest official Central Bank gold holding figures from the IMF confirm that Central Banks around the world are continuing to buy gold - some in pretty large quantities which should be yet another stabilising factor for the gold price - and if the trend continues suggests that the CBs will buy even more this year than last - and that's only the ones which let the world know exactly what their gold reserves are!   LINK...

Become your own "Central Bank" with our one-of-a-kind "U-Vault Account."  BK

Gold Radio Cafe

Gold and Silver Financial Review
Today at 12:00pm EST

Listen:  HERE

Canadian Industry Veteran, Donald Coxe

Food inflation results in higher gold prices. Canadian industry veteran, Donald Coxe talks about the guiding principles of gold investing.  BK
On King World News:   LINK...

Tuesday, May 22, 2012

Swiss Bank Lost Gold?

A great interview by Eric King ( with Egon von Greyerz, regarding gold storage at a bank. This is part of the reason why we offer the "U-Vault Account."

Listen to interview:  HERE

Friday, May 18, 2012

China Better Have a Pan

Could China be planning to back their currency with gold and become the world's new reserve currency by convincing their citizens to invest in gold?  BK
Here's a good article by Michael Kieger, from his new blog 

Thursday, May 17, 2012

China May Surpass India in Gold

Bloomberg News
By Chanyaporn Chanjaroen and Madelene Pearson - May 17, 2012
Gold demand in China may surge as much as 30 percent this year as rising incomes boost consumption, helping the country topple India as the world’s largest bullion market on an annual basis, according to the World Gold Council.
Demand, which rose to a record in the first quarter, may gain to between 900 metric tons and 1,000 tons this year, from 769.8 tons in 2011, Albert Cheng, Far East managing director at the producer-funded group, said in an interview. Indian usage may drop to 800 tons to 900 tons, from 933.4 tons, he said. LINK...

Friday, May 11, 2012

Gold to $3,000, says David Rosenberg

Interview from the Financial Times :  LINK...

Oh Canada!

Sent to us from a valued client.

A 12 year old girl wakes up the banking community.
MUST SEE, only 6 mins.

Tuesday, May 8, 2012

Royal Canadian Mint Revenue Reaches $3.2 Billion

Royal Canadian Mint

May 7, 2012 By 
 The Royal Canadian Mint achieved record revenue of $3.2 billion for 2011, representing an increase of 42.9% from the prior year. The increase in revenue was driven primarily by the bullion and refinery segment, although numismatics and collectibles also put in a strong performance.   LINK...

How many other businesses are showing this kind of growth (42.9%)? Any question about the investment demand for gold and silver?   BK

Iran Accepting Chinese Currency For Crude Oil

Sydney (Platts)--8May2012/202 am EDT/602 GMT
Iran is accepting Chinese currency for some of the crude oil it supplies to China, partly as a consequence of US sanctions aimed at limiting Tehran's nuclear program, industry sources in Beijing and Kuwait as well as Dubai-based bankers told UK business newspaper The Financial Times.  LINK...
It seems the US sanctions are backfiring. As they say, "never bite the hand that feeds you."   BK

Monday, May 7, 2012

China's Gold Imports Jump

Bloomberg May 8, 20102
Mainland China’s gold imports from Hong Kong surged more than sixfold in the first quarter, adding to signs that the country may displace India as the world’s largest consumer of the precious metal on an annual basis.Imports from Hong Kong were 135,529 kilograms (135.53 metric tons) between January and March, from 19,729 kilograms in the year-earlier period, according to data from the Census and Statistics Department of the Hong Kong government. Shipments in March rose 59 percent from February, yesterday’s data showed.   LINK...

Saturday, May 5, 2012

"Civilized People Don't Buy Gold," Charlie Munger

CIVILIZED!?! Central banks around the world are buying gold. Gold has outperformed every asset class in the past 12 years, even Berkshire Shares.

TIME: 22:45---PAY CLOSE ATTENTION to Mr. Munger's comments on China. Then think about what China is promoting for all their citizens to invest in. His admiration for China's success is the very thing he thinks is not civilized to invest in. However we agree with Mr. Munger on the computer trading algorithms, they are not good for society.   BK

Thursday, May 3, 2012

Gold and Silver, What Has Really Changed?

Dear readers,

Ask yourself if you think the condition of the global economy is better or worse than last year when gold was $1,900 and silver was $48? Are countries more in debt? Are there more tensions between nations? Are there more demonstrations? Is the financial condition in Europe better or worse? Is the USDX higher or lower?
Please recognize a good buying opportunity when it's presented to you. One year from now many will be saying, "I wish I bought gold last May."
Remember, it's not GOLD that changes, it's the value of the currency it's being measured against that is gaining or losing. Consider this when you place a true value on gold.   BK

Wednesday, May 2, 2012

Gold sales soar at post offices

The Hindu : Cities / Chennai : Gold sales soar at post offices

A Rebellion at the Federal Reserve?

The Atlantic
MAY 2 2012, 12:32 AM ET
Chicago Federal Reserve president Charles Evans doesn't look the part of a heretic. But in the cozy, conservative club that is central banking, he certainly qualifies. While most of his colleagues at the Fed have recently taken an even more hawkish turn, Evans remains a champion of additional monetary stimulus. And on Tuesday he took an even bigger step: He became the first sitting Fed member to endorse nominal GDP (NGDPlevel targeting
"Stop Worrying and Learn to Love Inflation"  LINK...