Monday, December 30, 2013

Gold and Silver Financial Review 12/30 by Gold Radio Cafe | Finance Podcasts

Is "Taper" a set-up for "Bail-In?" 

The circus of words continues... Seems like there is no end to HOT words they can come up with to confuse people about the economy. The fact is the system is broken and the USA is still the largest debtor nation in the history of the world. So if they stop the QE and start to Taper, where is the grease for the wheels of the economy going to come from??? YOUR savings, via Bail-In! 
NO one else sees this folks and remember you heard it first on Gold Radio Cafe.   BK


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Thursday, December 26, 2013

Drop In Gold Fuels Buying Frenzy

JEDDAH – The gold shops in Jeddah are now flourishing as more customers are buying various gold types thanks to the international drop of gold prices.

Saleh who works in Al-Amari gold shop said that more people are now buying various gold jewelries and others are buying gold bullions to store their money after staying away from gold for quite sometime.

According to him various nationalities are approaching them including Saudis, Africans and Indians. The prices he said range from SR165 to SR140 per gram based on the item being sold. The price is set based on any additional work or jewelries being added. The country where the gold comes from also determent the price, “We have Italian Indian, Bahraini, Korean and local gold creations each with a distinct price,” said Saleh.
  LINK...
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Dropping gold prices sounds like deflation, yet the most populated nations in the world keep buying! Ask yourself if gold is such a "unimportant" asset to own then why do so many people in the world keep buying it while prices are declining? Investing 101: Buy Low - Sell High. Over half the worlds population knows that owning gold protects you from inflation, yet in the west we ignore this axiom and chase yield. Why? The paper game will end badly for most and in the end "he who holds the gold makes the rules," period, end of story!   BK

Wednesday, December 25, 2013

Greg Hunter Interviews Rob Kirby

One of the best interviews I've heard in a while.  BK

Tuesday, December 24, 2013

Heraeus Market Report

Good Morning,

It’s Christmas Eve here in NYC and the subways are practically empty! It made my morning commute much more pleasant J As we approach year end, economists have been predicting what the precious metals outlook will be like for the PGMS in 2014. It looks like we can expect to see greater auto catalyst demand in RH. As a result, we may see some tightening of the RH market next year and this should help bring the metal up from current levels. The PT deficit is expected to continue next year due to South Africa restructuring its supply. This should help elevate PT prices, but the metal will experience some pressure due to weaker AU prices resulting from the beginning of the end of quantitative easing. We expect to see PD’s supply deficit remain, but not to levels PT will encounter. Gold has been trading flat in the $1200 region due to slower activity with the holidays around the corner. Investor sentiment remains bearish towards the gold unless something outrageous happens to spur demand for the shiny yellow metal. The question to ask here is how low can gold really go? We know tapering has begun and will most likely continue, but the price drop will have to end somewhere. If the price of AU falls below the cost of extracting AU from the ground, producers will simply halt production. If supply decreases then price should increase. I guess supply and demand will be significant factors to take into account when predicting gold’s path for next year. The stock market is in a Santa Clause rally but is seeing light volume due to the holidays. The stock market closes at 1:00 p.m. today and is closed tomorrow. Please note there are no PM fixings today. I wish everyone and their families a very Merry Christmas!!!

Regards,

Simple Sahni
Assistant Trader

Heraeus Metals New York LLC

Monday, December 23, 2013

Gold and Silver Financial Review 12/23 by Gold Radio Cafe | Finance Podcasts

Recorded LIVE Today at 10:00am EST
New Finance Podcasts with Gold Radio Cafe on BlogTalkRadio

Saturday, December 21, 2013

Heraeus Market Report

Good Morning,

Gold faced selling pressure yesterday afternoon due to all the shorts in the market and investors re-balancing positions for year-end tax purposes. Since equities are at all-time highs, traders sold off the AU to realize losses to offset their capital gains. AU continued to decline until the end of the day due to a stronger U.S. Dollar and the Fed’s decision to begin tapering in January. AU futures fell more than 3%- lowest level in over 3 years. Investor sentiment for the yellow metal remains bearish since its appeal as a hedge against inflation has waned. Buying into the AU during this downtrend is like catching a falling knife-there is a lot of risk involved in this type of scenario. If buying the dip is timed correctly it can be rewarding, but if gold prices fall faster than predictions you run the risk of cutting some fingers off!! Since gold broke below 1200, we can expect to see testing levels between 1200-1180.  AU is down approximately 30% for the year while the S&P 500 is up more than 26% for the year. Looks like investors felt it was a better bet to flee from AU and put their money into equities. Third quarter GDP is up 4.1%. Have a wonderful weekend and Happy Holidays to those of you who are on vacation until next year J

Simple Sahni
Assistant Trader
Heraeus Metals

Monday, December 9, 2013

Heraeus Market Report

GOLD
Positive US data sent gold into a tailspin last week (low at 1,212 $/oz). US monthly production figures were the best in 2 ½ years this November which again brought with them the question of the timing of the reduction in the US bond-buying programme (currently $ 85 bn / month). Technical selling did its bit to enhance the slide as funds and investors sold their metal or went short. Gold in euro terms also fell drastically and only at around 891 €/oz did it find some support; a 3 ½ year low. For the first time since 2004 (in €), it looks like gold is going to finish the year with a loss (at the moment ca. -30%). On Thursday losses were quickly recovered (buy-back of short-positions), though the recovery was limited. The outlook for the recovery of the US employment market and the publishing of the non-farm payroll data for November on Friday pulled out support for the metal. Further developments in the Indian gold market remain of importance in the coming year: it is unlikely that the effective import-duty of up to 10% introduced this year is going to be reduced and a trade body official assumes that this will halve demand to around 550-550 tonnes. Illegal imports have already gone up. For example, buying from Thailand doubled in the third quarter and according to assumptions by the World Gold Council, the metal gets smuggled into India from there. We continue to see no reasons that could give sustainable support to gold. With continuing positive data from the US, some market-participants are speculating that tapering could well start this year. Some clarity is hoped for in the coming FED Strategy Meeting of 17/18 December. We expect the present volatility to continue and the 1,200 $/oz mark to be tested; then followed by supports at 1,180 $/oz and 1,150 $/oz.

SILVER

The precious metals markets have an energetic week behind them. Silver lost the most in the complex (-2.36%) as it dropped below 19 $/oz during the course of this reporting period to a 5 month low. Though a short-covering rally on Wednesday saw it recover somewhat, Thursday’s good Q3 US-GDP of 3.6% again put pressure on the price of silver. Additionally the metal got little support from the weak US coin sales. Technically silver is still in an intact downtrend. Resistance is at 20 $/oz with support at 18.90 $/oz and again at the years’ low of 18.20 $/oz. This week, among others, the precious metals markets could be influenced by the following: Inflation data from Germany (Wednesday: 08:00 hours), Industrial production Eurozone (Thursday: 11:00 hours) as well as the US Retail Sales (Thursday: 14:30 hours).

PLATINUM

Driven by high inflows into the NewPlat ETF, platinum ETF’s, as in previous weeks, know only one direction. Despite this platinum had to book mild losses in this reporting period (-0.68%). The metal dropped from 1,362.50 $/oz to 1,353.25 $/oz. After European automobile sales in October and November had recovered, the US-automobile market also reported positive sales figures. These latter were up 8.7% in November; as high as they were 10 years ago. Presently platinum is showing a tendency for falling prices. We expect a sustainable price-rise if and when South Africa is subjected to continuing strikes (see report from 11.11.2013).


PALLADIUM

Year-to-date, palladium remains the precious metal with the best performance (+ 5%). Also during this reporting period it was up slightly (+ 2.60%). On the industrial side, the picture appears to be mildly brighter. An indicator for this is demand for palladium sponge, which has improved slightly. Technically support is at the low of November and December at 705.50 $/oz and resistance at the November high of 762.25 $/oz. Outlook for 2014 as per the prognosis of the analysts questioned by Reuters is an average price of 786.70 $/oz, which implies rising prices. One explanation for expectations of rising prices could be Norilsk Nickel’s – world’s largest nickel and palladium producer – suggestion that the market will have a supply-deficit in the face of stronger demand from the automobile market and an unpredictable “above-ground-stock” situation: “Strong demand from the auto sector and an unpredictable supply from above-ground stocks suggest a physical shortage could take place in the palladium market as early as next year, an executive at the Russia's Norilsk Nickel said on Thursday.”

Thursday, November 28, 2013

BAIL-IN PROOF

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Contact us for more details.  mail@centralmetalscorp.com

Tuesday, November 26, 2013

Million Dollar Robbery Rocks Bitcoin Exchange

Network World - Bitcoin Internet Payment Services, a Denmark-based exchange billing itself as Europe's biggest, was robbed of bitcoins worth more than $1 million in a theft that took place over the course of the past several days.
Bitcoins are a decentralized digital currency generated by computers “mining” for the solutions to complex math problems, and authenticated on a peer-to-peer basis – not by a central banking authority. It’s the third major heist this month – about $1.4 million worth was stolen several weeks ago from an anonymous Australian who ran an online wallet service known as Inputs.io, and a Chinese exchange abruptly vanished two weeks ago, taking more than $4 million with it.   LINK...
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As we said many times on Gold Radio Cafe, this Bitcoin craze is not sound money and it smells like a "Tulip Mania" to me.  BK

Monday, November 25, 2013

Financial Reform, Shadow Banks and Systemic Risk



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http://ourfinancialsecurity.org/
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Is your portfolio "BAIL-IN" proof? Please call and ask about our U-Vault Reserve Account.  BK

Gold and Silver Financial Review

Heraeus Weekly Report

Gold Market

Against expectation there were significant impulses last week that sent gold into a downward spin: on Wednesday the metal lost 2.5%. And as has been the case in the past months, it was the debate around the Quantitative Easing Programme in the USA that was the cause. Gold appears to have become a slave to the contradictory statements being made in this connection. Being strongly linked to the Tapering issue has been damaging to gold and even though one would expect a more subdued reaction when things get repetitive, this is clearly not the case. And thus the focus remains on these discussions.

The gold production increase in Q3, as mentioned last week, was again mirrored in the estimate of Thomson Reuters GFMS for the full year 2013. The news agency expects a record result this year (2,920 tonnes vs. 2,861 tonnes in 2012). In view of the lower prices this may not appear plausible; however the various investments made in the past “success-decade” seem to be bearing fruit. As the average “all-in” production costs (ca. 1,200 $/oz) are now just below the present market level (1,230 $/oz), various mines are trying to improve their overall revenue through volume. Even though this may reduce production volume in the coming years, it appears to be more attractive than cutting production or, where possible, closing shafts. Although the costs for this are enormous, one naturally finds some examples.

The correction middle of last week (a 4-months low) led to a strong increase in demand for investment bars at our counters. Private investors appear to have considered prices below 1,250 $/oz as a good buy-opportunity and reacted consequently.

Since gold fell as low as 1,229 $/oz (29.35 €/g) this morning, it is now imperative to defend 1,200 $/oz. We consider it as very likely that this level will get tested. Technical support lies then at 1,180 $/oz and 1,150 $/oz.

Silver Market

As anticipated by us, the negative outlook was confirmed. The metal broke below the 20 $/oz mark during the course of last week and is now trading at a low last seen in early August. Since we fell below the 19.70 $/oz level this morning, the year’s low of 18.20 $/oz is now coming into focus. Given the present good employment figures, the break-below the 

20 $/oz mark as well as the hawkish (end of the bond-buying spree and / or interest-rate hikes) interpretation of the American FOMC Minutes, we also have a rather negative outlook for the metal. Furthermore, the stable investment-demand from small-investors cannot really support the price at the moment. 

Next week, among others, the US Consumer Confidence (Tuesday 16:00 hours), Employment data from Germany (Thursday 09:55 hours) and the European Consumer Confidence data (Thursday 11:00 hours) are awaited with much eagerness.

Friday, November 22, 2013

Gold and Silver Financial Review 11/22 by Gold Radio Cafe | Finance Podcasts

Recorded LIVE Today at 12:00pm EST
With co-host Jeff Dunphy

Gold Pours Into China


Nov 20 (Reuters) - China, set to pass India this year as the world's top gold consumer, has imported nearly a fifth more bullion than data from its traditional conduit Hong Kong shows as it brings in the metal via other routes.

Gold shipped from Hong Kong to the mainland, used as a proxy for Chinese demand as bullion imports are a state secret, nearly tripled to 855 tonnes in the year to September.

But a surge in China's gold purchases as prices slumped by a quarter this year has also seen at least 133 tonnes shipped directly, according to Reuters calculations based on data from Global Trade Information Services (GTIS).
LINK...

Monday, November 18, 2013

Heraeus Weekly Commentary

Week Ending Nov 17

Those hoping for a recovering last week in gold, after its recent correction, were disappointed. In fact the metal dropped by the middle of the week to 1,265 $/oz; it’s lowest in four weeks. By the end of the week it had recovered somewhat and closed at 1,287 $/oz. The trigger for this move was again the discussions centred around the potential tapering in the USA, which one FED-member feels could be a possibility this year. However, on Wednesday, Janet Yellen, Bernanke’s successor as chairperson of the FED, propagated to the contrary: her statement that the US economy would get monetary-policy support till such time that stable growth and corresponding job-market strength had been achieved was supportive for gold. Nevertheless the largest of the gold ETF’s, SPDR Gold Trust, saw further erosion of stocks which have now fallen to a 4-year low of 865 t.
The World Gold Council (WGC) came out with the demand summary for gold for the third quarter. The jewellery industry, with 487 t, has been responsible for the larger part of this demand. Though total demand in the period July to September, compared to previous year, fell by 21% to 870 t, demand for the first three quarters has gone up, whereby a shift is seen from the West to East. Bar and coin demand has increased by 6% compared to Q3 2012. There was again the discussion that China would overtake India as the largest gold consumer but according to the WGC the difference would possibly be much smaller than anticipated by some (China: 1,000 tonnes / India: 900 tonnes). The supply side shows a year-to-date mine production increase of 70 t whilst recycling fell to its lowest level since 2008 (385 t).
With no significant impulses expected we foresee a sideway movement in a range of
1,280 - 1,295 $/oz for the next few days.

Friday, November 15, 2013

Friday, November 8, 2013

Thursday, November 7, 2013

Heraeus, Nov 7 Commentary


Good Afternoon,

If you are watching CNBC this morning you would think the world revolves around the company Twitter. While the media is focused on the equity markets and the Twitter IPO, traders in the commodity market continue to play the range game. Here is a recap of the news this morning:

1.       Bank of England kept the interest rate at 0.50% and kept their bond purchasing program steady
2.       European Central Bank surprised the markets by cutting interest rate to 0.25% from 0.50% and signaled that they will keep interest rates low for as long as necessary   
3.       US weekly initial jobless claims at 336k and continuing claims at 2868k
4.       US GDP grew at 2.8% in the 3rd quarter faster than most estimates
5.       US personal consumption grew at 1.5%, less than expected
6.       GDP price index increased at 1.9%, more than expected

ECB is focused on not letting the European economies slip back into recession and pump maximum liquidity into the markets. Lack of inflation and stubbornly high unemployment rates are causing concerns. US economy grew at a faster pace in the 3rd quarter due to increase in inventory levels but there are underlying signs of weakness from business to consumer spending. Economic and political uncertainty in the US have been affecting business and consumers alike. US job markets are showing signs of life but the real unemployment rate and the quality of the jobs being created are both being debated. After all these data, we are right back at where we started… waiting for more “convincing” data to point us to the direction of the US and global economies and further central bank actions. Precious metals continue to trade in a range, gold $1300-$1325, silver $21-$22, platinum $1425-$1475, and palladium $725-$765. Any attempts to break these ranges have so far been met with stiff counter moves. We anticipate gold and silver to trade slightly lower on continuing debate over US FED bond purchase tapering. Platinum and palladium will move depending on next sets of economic data out of China and Europe with South African mine strike news in the background. We believe traders will continue to trade the ranges and jump heavily into a position once data becomes clearer. 

Thanks,     
David M. Lee
Heraeus Metals New York LLC

Thursday, October 31, 2013

CDIC 2013 Annual Report

CDIC has just released their 2013 Annual Report and here's where we stand.
  • Total CDIC eligible deposits: $646 Billion (3.9% increase)
  • Total CDIC assets available: $2.56 Billion
  • Total CDIC borrowing capability: $19 Billion
Risk Management Conclusion: Even if CDIC borrows the $19 Billion from the federal government they are still under funded by $624.44 Billion. So if Canada's banking system is the safest in the world, do these numbers represent a sound financial system?

STAY TUNED to Central Metals Corp., for a BRAND NEW innovation that eliminates this risk.

European Parliament votes to suspend its SWIFT data exchange agreement with the US | euronews, world news

European Parliament votes to suspend its SWIFT data exchange agreement with the US | euronews, world news
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As if the SWIFT system is some kind of trump card? This will have zero success for the EU.   BK

Fed will start to wind up QE money printing in March or April say economists

Fed will start to wind up QE money printing in March or April say economists
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Yes, and what do you think the "bail-in" is for? Think they'll use this to pay for the unfunded liabilities and debt?  BK

Wednesday, October 30, 2013

Heraeus Market Commentary

Good Morning,

Chairman Bernanke might be calling for a few more coffee breaks, to kill some time before his 2 PM statement, as this morning’s economic data give little reason to debate the current direction of monetary policy. ADP private sector jobs data showed just 130,000 jobs added this month. That’s the lowest level of job add-ons since the beginning of Q2 2013. The more heavily relied upon data, the government jobs data, has been delayed until November 8th because of the government hiatus. On the inflation front, The U.S. Labor Department reported that the Consumer Price Index rose just .2% in in September with 12 month CPI up just 1.2%. Along with a 6.5% unemployment rate, a 2% inflation target was given as the criteria for any pull-back in QE. The precious complex is pushing higher ahead of the conclusion of the FOMC meeting. Gold closed the previous session at $1345.50 and now trades nearly 1% higher at $1356. The yellow metal found some resistance near the $1360 mark, having reached as high as $1359.90. Silver is up nearly 2.5% having closed the previous session at $22.492 and now trades near the higher end of the day’s range at $23.035. Platinum has moved more than 1% higher as well, now trading at $1478 after closing the previous session at $1461.90. The white metal continues to find support from potential strike action from the AMCU. Have a great day!


Tom Hungerford

Heraeus Metals New York LLC

Thursday, October 17, 2013

John Williams Says $2,000 Gold Will Be Cheap In The Future


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John Williams discusses gold in the last 15 minutes of this great interview. As we have said many times, it's not about gold, it's about protecting your wealth and preserving your purchasing power. Gold at $10,000 is not a pretty picture because a litre of gas might be $100 and a cup of coffee might be $75? It's about owning "hard assets" that maintain their value in a hyper-inflationary environment and eliminating the intermediaries between you and your assets. BK

STAY TUNED for a major announcement coming soon to Central Metals Corp., it has to do with a brand new innovation with currencies and insurance. We can't say much more now, but it will be a one-of-a-kind solution to eliminate currency risk.  BK

Thursday, October 10, 2013

Hong Kong Gold Imports Surge

By: www.arabianmoney.net
Perhaps a little belatedly the gold import statistics for August have just been released in Hong Kong and they show a dramatic surge in imports and re-exports to mainland China with almost 300 tonnes imported.  LINK...



Wednesday, October 9, 2013

Precious Metals Storm Ahead

Notice in 2007, total Gold Eagle sales were only 198,500 oz, but after the banking and housing collapse in 2008, buying more than quadrupled to 865,500 oz. Furthermore, when the broader stock markets continued to tank in 2009, Gold Eagle sales reached 1.4 million oz.
As the Fed and central banks continued to print, prop-up and backstop their respective fiat currencies and broader stock markets, the demand for gold continued to decline. In 2011, Gold Eagle sales slipped to 1 million oz. and down to only 753,000 oz. in 2012.
 
 LINK...
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After a more than 40% correction in precious metals since the 2011 high, I think a rally is sure to come very soon?   BK

Tuesday, October 1, 2013

Gold Market Commentary


Good Morning,

The precious complex is under heavy pressure this morning despite a weaker greenback and tension at the world’s #1 platinum producer that just added another layer of complexity. At midnight the U.S. government entered into partial shutdown as the plug was pulled non-essential services due to the congressional stalemate over a continuing resolution to fund the largest employer in the country and the Affordable Care Act. In South Africa, the National Union of Mineworkers (NUM) is heading to court to contest Anglo American Platinum’s planned restructuring that includes eliminating 3,300 jobs. The Association of Mineworkers and Construction Union (AMCU) has been on the picket line since last Friday and will continue the strike action as recent negations have failed to resolve the situation. On the U.S. economic front, data on construction spending and manufacturing  are on tap for today as well as September U.S. auto sales figures. Ford sales were up 5.8% last month compared to estimates of 5.0%. Gold closed Monday’s session at $1327 but has since fallen below the $1300 mark and is down nearly 2.5% to $1295. Platinum is down more than 2% to $1387 after closing the previous session at $1408. Have a great day!

Tom Hungerford
Sales and Marketing Representative

Heraeus Metals New York LLC

Wednesday, September 25, 2013

CFTC Closes Silver Manipulation Case

Washington, DC – The Commodity Futures Trading Commission (CFTC or Commission) Division of Enforcement has closed the investigation that was publicly confirmed in September 2008 concerning silver markets. The Division of Enforcement is not recommending charges to the Commission in that investigation. For law enforcement and confidentiality reasons, the CFTC only rarely comments publicly on whether it has opened or closed any particular investigation. Nonetheless, given that this particular investigation was confirmed in September 2008, the CFTC deemed it appropriate to inform the public that the investigation is no longer ongoing. Based upon the law and evidence as they exist at this time, there is not a viable basis to bring an enforcement action with respect to any firm or its employees related to our investigation of silver markets.   LINK...
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As we discussed on Gold Radio Cafe in 2011, nothing will be done because there is an Executive Order that was issued by Reagan in 1988 that allows for the "Working Group in Financial Markets" to manipulate the markets to maintain confidence and stability in the US economy. Before anything can be done to enable FREE markets, this Executive Order has to be removed and a return to a Glass-Steagall type of regulation. Otherwise we have to live with it and do our best to survive.    BK


From Wikipedia:
As established by Executive Order 12631, the Working Group on Financial Markets has three Purposes and Functions.

(a) Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets and maintaining investor confidence, the Working Group shall identify and consider:
(1) the major issues raised by the numerous studies on the events in the financial markets surrounding October 19, 1987*, and any of those recommendations that have the potential to achieve the goals noted above; and
(2) the actions, including governmental actions under existing laws and regulations (such as policy coordination and contingency planning), that are appropriate to carry out these recommendations.
(b) The Working Group shall consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, and with major market participants to determine private sector solutions wherever possible.
(c) The Working Group shall report to the President initially within 60 days (and periodically thereafter) on its progress and, if appropriate, its views on any recommended legislative changes.[1][2]

Gold Buyer Doubles Imports in Thailand

The company may import as much as 200 metric tons in 2013, from 92 tons last year, Chief Executive Officer Pawan Nawawattanasub said in an interview yesterday. First-half shipments advanced to 112 tons, accounting for 60 percent of the country’s total, she said. A ton is valued at $42.6 million.  LINK...

Wednesday, September 18, 2013

FOMC Meeting

Ben Bernanke stays the course, and stimulus to continue. Tapering is not required yet. Gold and silver rally and I think the bottom is formed and we'll see higher prices in the months ahead.  BK

FOMC Shocker...

Tuesday, September 17, 2013

Heraeus Market Commentary


Good Morning,

We could be in for a rather uneventful day in the precious metals complex as market participants await the conclusion of the FOMC meeting tomorrow. At this point, it seems the consensus isn’t if the Fed will begin tapering the $85 billion-a-month asset purchase program but by how much. A $10 billion reduction in the program may have already been priced into the market so any deviation could make Wednesday afternoon very interesting. Until then it’s a wait and see atmosphere as the metals hover at or slightly below yesterday’s closing levels. Gold closed the previous session at $1317.80 and touched as low as $1307 in overnight trading. The yellow metal now trades $1312.60.  Silver ended Monday’s session at $22.009 and now trades nearly .75% lower at $21.850 after reaching as high as $22.14 overnight. Platinum trades about .5% lower at $1434 while palladium trades relatively flat to yesterday’s close and continues to hold above the $700 mark at $705. In economic news, The Labor Department released its consumer price index which rose .1% last month compared to a .2% increase in July. Have a great day!

Tom Hungerford

Heraeus Metals New York LLC

Saturday, September 14, 2013

Kennedy's Call For Corporate Responsibility

Listen to what JFK is really saying and see if you can recognize the similarities to today's situation and how the leadership is responding? How times have changed.   BK

Friday, September 13, 2013

Gold and Silver Financial Review 09/13 by Gold Radio Cafe | Finance Podcasts

Recorded LIVE Today at 12:00pm EST
With co-host Jeff Dunphy

Gold is Qualified Collateral Says the BIS and IOSCO

Dear readers,

In a publication entitled "Margin Requirements for Non-Centrally Cleared Derivatives" just released by the BIS (Bank for International Settlement), the Central Bank for Central Bankers, and the IOSCO (International Organization of Securities Commissions), which oversees all security exchanges around the world, have clearly stated that GOLD is qualified collateral along with cash and government securities (bonds) for margin on derivative contracts. It clearly states, "in the event of a counterparty default, these assets should be highly liquid and should, after accounting for an appropriate haircut, be able to hold their value in a time of financial stress."

"As a guide, examples of the types of eligible collateral that satisfy the key principle would generally include:"
  • Cash;
  • High-quality government and central bank securities;
  • High-quality corporate bonds;
  • High-quality covered bonds;
  • Equities included in major stock indices; and
  • Gold.
Clearly if these requirements are set forth for systemically important banks and central banks to ensure their stability during a financial crisis, would it not be prudent for YOU, the individual to hold gold in your retirement plan! Is your financial advisor going to argue with these global bank regulators and tell you that gold is a "barbaric relic?" Why do you really think the Chinese are buying gold hand over fist and pursuing a strategy to become the alternative reserve currency of the world next to the USD? Time to put the old song and dance of a "balanced and diversified portfolio" to rest and get yourself some gold and just sit tight.

Sincerely,

Bosko Kacarevic

Friday, September 6, 2013

Gold and Silver Financial Review 09/06 by Gold Radio Cafe | Finance Podcasts

Recorded LIVE Today at 12:00pm EST
With co-host Jeff Dunphy

Dangers of the Global Economy

Dangers of the Global Economy - How to Protect your Assets
by Lisa Newland


With the current state of the global and local economy, it is becoming clearer and clearer that whatever assets we might have saved over the years can evaporate in an instant, and that the global economy itself is teetering on the edge of collapse. While there are certainly alternatives available to standard forms or savings and retirement funds, how sure can we really be that these are not equally vulnerable to the machinations of the global economy?

Why the Global Economy is Built for Collapse
Although we are currently experiencing an economic downturn, we can predict fairly accurately that it will not be the last. In fact, a brief look at the history of global economics shows us that recession is almost inevitable. The 1930’s saw one of the worst economic down turns in history, now famously known as the Wall Street Crash, but the repercussions went far beyond wall street. Again, we saw severe economic problems in the 1960s, and are now experiencing them again today. In order to understand why the global economy is so delicately balanced on the edge of disaster, we need to understand the real causes behind these economic problems. While there are a number of propositions and explanations as to what caused the most recent financial crisis in 2007, one that is crucial to understanding the wider problem is that of the value of debt. Mortgages in particular in the US, and in other countries in Europe, were a key component in causing the collapse. By selling mortgages and debt on, that were ranked as guaranteed and stable, despite in actuality being given to individuals and families that banks and mortgage lenders knew had very little chance of paying them back due to low incomes, global financial institutions were making huge short term profit gains. This, coupled with the lack of regulation from governments around the world, but particularly the US and UK, and a number of other contributing factors led to a major collapse. However, despite apparent reforms, and the ‘bail in’ policy adopted by all the major financial institutions, the core of the problem remains, with the potential to collapse once again. Debt.

‘Bail In’
The intricacies of what a bail in policy actually entails is clearly outlined by the IMF in a staff document. Essentially, this document puts forward the merits of a bail in policy and how it can be executed. We have already seen this in action globally, when the IMF has stepped in to help certain countries with the economic crisis. However, what we might see as a benign move by financial institutions is in fact anything but. Bail in essentially means that instead of a government taking control and using tax payers money to save a financial institution, the bank is simply able to use it’s shareholders money. Additionally, any debt a bank may get into as a result of risk taking or market collapse can be converted to equity, which is in itself then a commodity to be traded. As an individual with savings in such a bank, your assets could quickly become forfeit as a result. Furthermore, this could render services such as income protection insurance useless, as in effect your assets are still subject to the whims of the market. This is why, according to money.co.uk, taking out such insurance is something to consider carefully, and making sure you look carefully at all the options available is fundamental.

The Alternative
Where does that leave the average citizen then? If we are unable to place our trust in financial institutions and the global economy at large, what alternatives are there that will offer a secure investment and safe climate for our retirement funds, savings and so on? The answer comes by examining the market. Precious metals, especially gold and silver, are in increased demand since the economic crisis for the very reason that they are physical representations of value. One of the main ingredients in the economic collapse, and one that is still present, is the lack of actual, physical capital. The Federal reserve for example, is a private banking institution, that lends money to the government via bonds. This creates credit, which is simply added to the banks funds. There is no physical form of this credit - it exists as debt. Gold on the other hand, is a form of physical capital, and this is the reason that many governments are buying as much as they can. Market prices of gold over the last few years show that it is a sold investment, and while prices do fluctuate, it is one of the safest investments to make, provided your investment is kept out of the global market in secure and private vaults.

Thursday, September 5, 2013

Heraeus Market Commentary

Good Morning,

After yesterday’s blood-letting in the precious complex, it’s looking like a quiet Thursday ahead of tomorrow’s highly anticipated U.S. government jobs data. ADP private sector jobs numbers, released earlier this morning, showed 176,000 added to private payrolls and weekly jobless claims numbers fell by 9,000 last week. However, there was little reaction to the data and the metals continue to hover near yesterday’s closing levels with a little pressure building to the downside. That is, except for and palladium which continue to get no love from positive U.S. auto sales figures released throughout Wednesday’s session. Palladium has fallen another 1.5% to $687.90 after closing yesterday at $698.25. Gold is a bit lower from Wednesdays close with prospects of a full blown war in the middle east dissipating as the Obama administration continues to emphasize the limited nature of any strike against Syrian targets. The yellow metal closed the previous session at $1390 and now trades roughly $10 lower to start the day. Platinum failed to hold the $1500 level yesterday but the potential for a spill-over of labor tensions in the South African gold sector, into the platinum sector, should cushion the white metals retreat. Have a great day!

Tom Hungerford
Heraeus Metals New York LLC

Sunday, September 1, 2013

Bail-In's are Now Official Bank Policy



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Public banks and credit unions are a much safer place for your money then in the big banks, however, keep in mind the FED is still in control of the printing press and the "value" of your money is at risk. Along with moving your money out of big banks, having a GOLD reserve would be a prudent solution to maintain the "value" of your wealth. Every fiat currency system in history has failed and this one will be no different. It will be even worse this time because it's the first time in history that every currency in the world is a fiat currency. No country has a gold standard and the USA is the LARGEST debtor nation in the history of the world! Move your money out of big banks ASAP!   BK

Wednesday, August 28, 2013

Canadian Mint Bullion Sales Break Record

OTTAWA, ONTARIO – August 27, 2013 – Today, the Royal Canadian Mint reported the achievements of an extraordinary second quarter with an increase in consolidated revenues of 93.8% to $1.05 billion in the 13 weeks ending June 29, 2013.
“This unprecedented result was due to the soaring demand for the Mint’s world-renowned Gold and Silver Maple Leaf bullion coins and sustained popularity of our expertly handcrafted numismatic products,” said Ian E. Bennett, President and CEO of the Royal Canadian Mint. “Our employees continue to surpass customer expectations while the Mint remains at the forefront of new technologies and innovations.”
The volume of Gold Maple Leaf sales increased 144% to 403,000 ounces during the same period in 2012, while sales of Silver Maple Leaf coins increased to 6.4 million ounces from 4.0 million ounces. The Mint’s Numismatics and Collectibles Business Line continued to grow, with revenues increasing 29.6% to $40.7 million. The issuing of 51 collector coins during the quarter resulted in 13 sell-outs, with the most popular coins featuring new technologies and special characteristics such as ultra high relief, niobium and the glow-in-the dark application.   www.mint.ca
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"He who holds the gold, makes the rules."

Paper gold is for speculators, bullion is for serious investors.   BK

Austrian Mint Gold Sales Jump

Muenze Oesterreich AG, the Austrian mint that makes Philharmonic coins, increased sales this year after tumbling gold prices fueled demand.

Sales of gold coins from January to July rose 79 percent from a year earlier to 383,500 ounces, according to data e-mailed by the Vienna-based mint, almost matching those for the whole of last year of 400,000 ounces.

Mints saw sales jump after the price of gold, 15 percent lower this year, plunged into a bear market in April. Surging demand for jewelry, coins and bars in Asia helped prices rally as much as 21 percent since the end of June.   
LINK...

Sunday, August 25, 2013

Gold Demand Surges in Indonesia

[JAKARTA] Gold jewellery demand in Indonesia is set to expand to a four-year high as consumers in Southeast Asia's biggest buyer join India to China in increasing purchases as prices slump and the middle class expands.  LINK...
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Asia is gold's future trading hub. Gold is in the process of leaving the West behind and moving East, follow gold to prosperity as economic history dictates over the centuries.  BK

Thursday, August 22, 2013

Platinum Bars and Coins

Currently in stock:


Heraeus Market Report


Good Morning,

A whole lot of nothing…That’s what the general consensus seems to be regarding yesterday’s release of FOMC minutes from the most recent meeting of the Fed minds. There’s no question that tapering will eventually happen but the “sooner or later” part of the equation has yet to be solved. All calculus, trigonometry and algebra aside, the simple sum of whether the job market is healthy and inflation reaches an optimum level will continue to be the proverbial trip wire for the beginning of the end of Quantitative Easing. After the dust settled, 10-year bond yields had surged to 2.9% and the DJIA had lost over 100 points by the end of the session. Gold closed the day at $1370.6 and now trades at the day’s high of $1374.8. The rest of the complex is in the green to start the day as will with silver up nearly 1% while platinum trades at $1523, having reached as high as $1529, and palladium hovering just below $750 an ounce. In domestic economic happenings, the weekly U.S. jobless claims increased 13,000 to 336,000 and while that is not necessarily a good sign, some critics would argue that because the more accurate four-week average stands at 330,500 and overall jobless claims remain near the lowest levels seen in more than 5 years, that employment may be poised for a comeback. We’ll see about that on September 6th. U.S. manufacturing pushed further into expansion territory this month as data from Markit showed the index moved to 53.9 from 53.7 last month. Jackson Hole gets underway today and central bankers from around the globe will converge on the site to hear what Janet Yellen, the likely successor to Chairman Bernanke, has to say about the current state of affairs. Have a great day!

Tom Hungerford

Heraeus Metals New York LLC

Wednesday, August 21, 2013

Gold Flows From Britain to Switzerland

Aug 19 (Reuters) - Britain's gold exports to Switzerland surged in the first half of this year, Australian bank Macquarie said on Monday, suggesting bullion being sold out of exchange-traded funds may be heading for Swiss refineries before being sold on in Asia.  LINK...

Wednesday, August 14, 2013

Hedge Funds Increase Gold Position by 74%


One of the big stories in markets in 2013 so far has been the epic crash in the gold market.
Gold reached its highest price of the year on January 17 – at $1686 an ounce – before falling 28.8% to a low of $1200 an ounce on June 27 (since then, it's bounced back a bit, and is now trading around $1320).
Read more: http://www.businessinsider.com/hedge-funds-plowed-into-gold-last-week-2013-8#ixzz2bwPzYsOR

Friday, August 9, 2013

Friday, August 2, 2013

Singapore Freeport

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Gold and Silver Financial Review 08/02 by Gold Radio Cafe | Finance Podcasts

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With co-host Jeff Dunphy
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Thursday, August 1, 2013

Farmer's Missing Keys Unearths Treasure

When farmer Ifor Edwards dropped his keys in a field he had no idea the search to find them would result in the discovery of buried treasure.   LINK...
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You think FIAT FED paper money would have lasted this long, or been worth anything?  BK