Friday, March 29, 2013

Gold Confiscation Argument is Dead

Dijsselbloem, who leads the group of 17 euro finance ministers, said imposing losses on depositors and bondholders can be part of the bailout toolkit after such measures were taken to avoid default in Cyprus.   LINK...
In light of recent events in the international banking system and government legislations, the idea of someone confiscating your gold is about as likely as pigs flying, no offence to pigs. People forget that during the 1930's the USD was backed by gold and the government needed gold to expand their balance sheet. Also there were no "Registered Retirement" accounts back then and many people stashed gold coins away for safety, not bank deposits, so there was not much liquidity in the banking system. 
Today, we have no gold standard and everyone has a "Registered Retirement" account and deposits in a bank account. The example being set in Cyprus is telling us that if central bankers want your money they will just take it from your deposits and if the government needs to add liquidity to the system they will simply change the rules on your "Registered Retirement" account and take the money away from you, because they have to "save the nation." What do you think "Registered" really means? You give up control of your assets and register them to the government for a tax break now. However you become a debt prisoner in your retirement years. So if you want to "save your bacon" eliminate as many intermediaries as possible between you and your assets. As the old saying goes, "He who holds the gold, makes the rules."   BK

Tuesday, March 26, 2013

Savers be Warned, Your Money is Not Safe

Der Spiegel:  Germans are right to be worried about their savings because the euro bailouts will make most of them poorer in the long term -- through higher inflation and lower payouts from life insurance and pension schemes. Why can't crisis-hit nations follow the Cypriot example and make rich depositors pay a share?   LINK
The "U-Vault Account" is safer than money in the bank, and 100% insured for the FULL value of your holdings. Whether you have $1 million or $100 million your gold is fully insured, allocated and segregated.   BK

Saturday, March 23, 2013


 photo 4b3e7b19-ae92-4c86-863d-d217412b5d52_zpse234212d.jpg
GOLD, SILVER, PLATINUM and PALLADIUM Bullion Bars by Heraeus

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PLATINUM Bars Investment Grade
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Friday, March 22, 2013

Sunday, March 17, 2013

Cyprus Banks Freeze Banks Accounts

(Reuters) In a radical departure from previous aid packages, euro zone finance ministers want Cyprus savers to forfeit a portion of their deposits in return for a 10 billion euro ($13 billion) bailout for the island, which has been financially crippled by its exposure to neighboring Greece.
Could this be the trigger that sets off a global run on the banks? Gold bullion outside the banking system is your only safehaven. Our one-of-a-kind U-Vault Account is second to none in vault storage security.   BK

Saturday, March 16, 2013

British holdings increased tenfold in five years

Speculators and safe-haven investors have ploughed hundreds of millions of pounds in to gold since the financial crisis began.   LINK...

Tuesday, March 12, 2013

Kyle Bass Says Buy Gold And Go To Sleep For 10 Years

From one of the top money managers in the world, Kyle Bass. When asked; what should retail investors do in this looming financial crisis, he says buy gold and go to sleep for ten years. Kyle mentions gold in the last 5 minutes of the presentation.  BK

Watch Video HERE

Bank of Japan to Expand Monetary Stimulus

Bloomberg:  Bank of Japan (8301) governor nominee Haruhiko Kuroda said that the central bank will consider buying derivatives if he’s confirmed as governor and signaled a readiness for a quick expansion in monetary stimulus.  LINK...
Yet another Central Bank to join the global trend of expanding money and credit in the hopes of stimulating the economy. This time it's not a small player, Japan is the fourth largest economy in the world and a major trading partner with the USA. The true value of paper currency's is under attack and the race to the bottom is underway. Gold and Silver are your only means of safety.   BK

Kyle Bass Explains Japan's Problems

Gold Likely to Recover From Eight Month Low

Reuters: "Most negative factors have been priced in. Gold is finding good physical bargain hunting interest at lower levels," said Gnanasekar Thiagarajan, director with Commtrendz Research.   LINK...

Wednesday, March 6, 2013

Tuesday, March 5, 2013

Gold Up On Asia Buying

SINGAPORE, March 4 (Reuters) - Gold inched up on Monday, bouncing from a one-week low hit on Friday, supported by physical buying in Asia, but robust U.S. economic data dented bullion's safe-haven appeal. Automatic spending cuts that kicked off in the United States on Friday, pushing spot gold to its lowest level in more than a week, also continued to weigh. "The broad theme might be gold-negative, because the spending cuts are probably taking away a bit of the froth on the idea that policymakers are spending out of control and they will keep doing so until the recovery takes hold," said a Hong Kong-based trader.   LINK...
Government spending is Gold positive. If suitable, this is a good buying opportunity for long-term investors.   BK