Wednesday, December 16, 2015

International "SILK MONEY"

Dear readers,

WHEN it comes time to SELL your precious metals, SILK MONEY is the fastest and most reliable system to access your cash.
After months of planning and negotiating we have finally reached an agreement with the world’s largest and most trusted name in payment systems in order to bring you “SILK MONEY,” a one-of-a-kind precious metals backed membership payment card. Accepted around the world in multiple different currencies; CAD, USD, EUR, JPY, GBP, HKD, CHF.

ATTENTION EU citizens.

You can diversify your bank deposits through our SILK membership to protect yourself from the new "Bail-In" legislation effective January 1, 2016. Don't let the same thing happen to you as it did to the victims of Greece and Cyprus.

Inspired by The Ancient Silk Road

Silk Money is administered by Central Metals in partnership with the world's most trusted payment providers and allows you to create your very own GOLD standard, or silver standard or platinum standard or FX cash standard. We leave it up to you to decide which precious metal, or combination of metals is suitable for your situation, or if you just want CASH/CREDIT outside the mainstream banking system. Our goal is to provide you with the best possible and most reliable platform for a "medium of exchange." Silk Money enables you to perform transactions around the world under a fully insured system backed by physical precious metals stored in private vaults. There are no crypto-currencies or financial derivatives involved, just globally accepted money, settled on a trusted and proven payments platform.

For more information please contact us HERE

Monday, December 14, 2015

Bail-In of EURO Banks Continues

There is a private banking solution to the "bail-in" threat that will save your pensions and deposits. Don't be a victim of the crisis, be proactive and save your hard earned wealth with "Silk Money"  contact us to learn more.   BK

Watch the presses roll as Europe scrambles to fix its banks
(To read the full article you will have to subscribe to the Financial Times)

The story is about the suicide of an Italian pensioner last week after he realised that he had been “bailed-in” during a bank resolution procedure .

This hard working pensioner saved his money for retirement and bought a bank certificate which is first on the list of unsecured credit. The bank declared a "bail-in" and confiscated his funds.   Read more...

Wednesday, December 9, 2015

Smart Money Is Buying Farmland

According to reports many pension funds are highly invested in alternative assets, even farmland.

Canadian farmland is some of the most fertile land in the world and in many cases the most cost effective. To receive research material on farmland and the farmland securities we offer at Kindigo Capital, please contact us at:


Available to Canadian residence of ON, AB, BC or Europe and Asia.
Sorry no USA citizens.

Avg. 5yr Return
Avg. 10yr Return
Gold Bullion
Silver Bullion
Private Company REIT
S&P 500 Index
Source: Bloomberg, NCIREF, KITCO

Monday, November 30, 2015

China's Renminbi Approved by IMF

A level playing field in the currency markets is coming soon. This means competition for the USD and good news for gold.   BK

Monday, October 5, 2015

China is Dumping US Debt

Many signs are showing that China will introduce a quasi-gold backed Yuan in the future, and central banks around the world will be selling US Treasuries for more gold. Switzerland started the trend earlier this year by de-linking their currency with the EUR and the EUR dropped quickly, and when China de-links the Yuan from the USD, the USD will drop and lose it's "reserve currency" status and gold will re-emerge as the currency of last resort.    BK

Thursday, September 17, 2015

Private Apartment REIT's

NOW available from:


A great diversifier of assets outside the public markets that produce steady income in Canadian Dollars.

Monday, September 7, 2015

2000 Year Old Gold Coin

Wednesday, August 19, 2015

Hugo Salinas Price article on gold

Gold is the most highly demanded of all things in this world. Every single gram of gold in the world is owned by someone - either directly as personal property, or through legal participation in Funds owning gold.  READ MORE...
I agree with this article 100%. In addition I'd like people to think about cash, and ask yourself this, has there ever been a time in history when paper cash has been considered "trash?" YES, many times, Weimar Germany 1920's, Yugoslavia 1990's, (Hyperinflation). Now ask yourself if there has ever been a period in history when gold has been considered trash? NEVER! No matter what anyone says, gold is the best long term "store of value" in all history. No currency, bank or stock market has ever out lasted GOLD as a measure of true wealth.   BK

Men have been risking their lives for centuries to find this yellow metal.

Monday, August 10, 2015

Buffet Buys Metal Casting Business

Buffet knows the stock market is on shaky ground and he's buying REAL tangible businesses. Is it a coincidence that he's buying a "metal casting (commodity based) company?" I know we can't all invest like Mr. Buffet but we can invest in real tangible assets like precious metals. Take this as a sign of things to come.   BK

Thursday, July 30, 2015

Silver Bars 1 Ton Delivery

Here's a client who "took delivery" of his 1 TON of silver from the Royal Canadian Mint. It was 90 degrees outside when I helped him unload his silver. All I can say it's not real money unless you break a sweat moving it.   BK

Gold $64,000! Is it possible?

Imagine the Capital Gains payable if gold hits $64,000 and you sell?  BK

Monday, June 22, 2015

Hold "Physical Cash" says Fidelity's Ian Spreadbury

'It's time to hold physical cash,' says one of Britain's most senior fund managers.

It may be time to put money under the mattress. High profile fund managers explain how to prepare for a 'systemic event'.
The manager of one of Britain’s biggest bond funds has urged investors to keep cash under the mattress.
Ian Spreadbury, who invests more than £4bn of investors’ money across a handful of bond funds for Fidelity, including the flagship Moneybuilder Income fund, is concerned that a “systemic event” could rock markets, possibly similar in magnitude to the financial crisis of 2008, which began in Britain with a run on Northern Rock.
“Systemic risk is in the system and as an investor you have to be aware of that,” he told Telegraph Money.   Read more...
Our U-Vault Account is perfectly suited and fully insured to hold cash.   BK

Tuesday, June 16, 2015

Bank of China Joins Gold Fix in London

by Eddie Van Der Walt
Bloomberg Business News

Bank of China Ltd. will become the first Chinese bank to join the auction process that sets gold prices in the London market.

The bank, along with seven other lenders, will start participating in the twice-daily electronic auction, according to a statement from the London Bullion Market Association on Tuesday. While China is the world’s largest bullion buyer, it has never directly played a role in determining London gold prices.

The addition of a Chinese bank is another sign that China is increasing its influence in gold and currency markets worldwide as the country seeks to make the yuan a viable competitor to the dollar. The Bank of China’s part in the gold auction shows the nation is stepping into the global market, the lender wrote in a press release today.

“They want to be on the top table in all areas of international trade and this is no different,” Ross Norman, chief executive officer of dealer Sharps Pixley Ltd., said by phone. “They want to be represented in locations where benchmark prices are derived, and they have demonstrated that by signing up for the fix.”

Goldman Sachs Group Inc., Societe Generale SA, Bank of Nova Scotia, HSBC Holdings Plc and Barclays Plc are among the lenders that currently participate in the auction. Bank of China will join on June 22, Intercontinental Exchange Inc. said in an e-mail.

ICE Benchmark Administration, which runs the price-setting process, expects more firms to join soon, according to President Finbarr Hutcheson. It occurs at 10:30 a.m. and 3 p.m. London time, with buy and sell orders submitted electronically in rounds until a price is found.  LINK...

The "good ol'boys club" is changing and China is moving in. Watch out!  BK

Monday, June 15, 2015

Texas Gold Bill Becomes Law

Texas Governor Greg Abbott signed a bill into law on Friday, June 12, that will allow Texas to build a gold and silver bullion depository. In addition, Texas will repatriate $1 billion worth of bullion from the Federal Reserve in New York to the new facility once completed. 
This is what the governor had to say:   Read more:
There are four videos and the volume is a little low but it gives you a good overview of how the banking system was created.  BK

Wednesday, June 10, 2015

Paul Volker on State Pensions

Former FED Chairman, Paul Volker agrees that government pensions are a "ponzi scheme."

Monday, June 1, 2015

Heraeus Market Report

The name of the game has not changed as one statement from Boston Fed President Eric Rosengren stating the conditions for tightening rate policy have not been met drove gold over 1200 in a matter of minutes. Meanwhile the Euro/Dollar didn’t seem to move. At 10 AM the ISM Manufacturing PMI was released slightly higher than expected and is bullish for the US dollar and hence it put a damper on the rally.  Platinum still remains below the gold price by $80, a surprise considering the forecast is for 160,000 ounce deficit according the World Platinum Investment Council quarterly report. It is possible that platinum miners are  hedging putting pressure on the market price? No other explanation seems to make sense since demand is forecast to grow in 2015 by 3% t0 8,155,000- ounces. Even with global supply increasing above ground stocks will continue to need to supply the market.

By  G. Miguel Perez-Santalla

Monday, May 11, 2015

CBC: Galati Takes on Bank of Canada

Take special note of his comments on CMHC mortgage insurance and consider why the Canadian housing market is the hottest in the world. Homes are not going up in "value" they are going up from an expansion of the mortgages on bank balance sheets. Galati could be "the card" that brings down this "house of cards" economy? BK

Monday, April 27, 2015

Heraeus Gold Market Commentary

Weaker US economic data fuelled lingering doubts about the timing of an increase in US interest rates. Following the recent pattern, this offered encouragement for the gold price: The metal rose on Thursday up to nearly 1.200 $/oz before profit taking on Friday pressed it back under the level of 1.175 $. This latter move coincided with a weaker dollar also, which is rather unusual. The combined effect pushed the euro gold price to 1.081 €/oz, the lowest level since the end of March. Market participants in the Euro-zone reacted accordingly: While investors remained largely on the sidelines, there was a noticeable increase in buying from industrial users.
For the coming week, once again US interest rate policy will be the key focus of attention for market participants. This week’s FOMC meeting should bring the market some transparency about the Fed’s policy concerning interest rates. Hints about rising interest rates would again put the gold price under pressure and lead to a test of support at 1.160 $/oz quickly. The next significant mark is at 1140 $/oz, where physical buying interest should provide support. Significant chart resistance for gold is at 1200 $/oz and then 1211 $/oz. 

Friday, March 27, 2015

Gold Market Comments

Heraeus Metals NY

The Yemen news yesterday gave a short lived pop to gold. But yet there is something else going. In Asia gold traded as high as 1206. In London and NY it has traded above 1200 only to retreat. Today’s  fourth  quarter GDP report was  a little higher but the annualized was lower than expected which should have been bullish for gold. Reuter’s Michigan Consumer sentiment was slightly higher than expected causing a net zero effect on market direction. The precious metals complex remains under the gun from the expectations of higher interest rates, futures shorts and ETF liquidations. But in the battle of direction it does not seem that shorts hold all the cards as every good dip has been met by buying. The question is who will tire first, the bulls or the bears before a new direction is made clear when the dust finally settles.

Sunday, March 22, 2015

The USA Debt Problem

And you think the current USD price of gold really means anything with a USA debt of $16 Trillion? Gold as a safe haven has outlasted every government, bank, currency and stock market in all history. It has been and always will be the only form of sound money. BK

Saturday, March 21, 2015

Why gold will see $2,000


March 18, 2015


The income effect implies that consumer purchasing power increases as real wages rise, and as such, the demand for gold will increase as more people can afford to buy it. In Asia over the past few decades, the income effect has been dominant. The Asian economies (particularly China and India) have enjoyed strong growth, but still have a relatively tightly regulated and narrow financial system. Gold has been a beneficiary of these challenges as it is largely not subject to the same regulations as the wider financial system. Given that gold has also played a strong role in Asian cultures, the demand is even higher than purely financial factors would suggest.  Read more...
Central Bankers have always had a stash of gold. I choose not to argue with the people who control the value of our money. 

"Do as they do, not as they say."


Tuesday, March 17, 2015

Gold Re-cap

Gold was attacked early this morning at around 9:00am and hit a low of roughly $1,142.70, then made an impressive rebound of almost $17 to $1,159.50 by about 9:50am. After the excitement wore off the bears were in control again and we see a close at about $1,149.00 today. This is below the $1,150.00 mark that many technical traders claim is a huge support level. Will it hold is the big question? In light of the FOMC announcement tomorrow and the clear evidence that the bears seem to be in control of this market for now, I suspect the announcement tomorrow will be gold negative and we may test the $1,100 level soon? It's nearly impossible to use any short term market indicators these days to predict prices. 

However the fundamentals for gold to regain it's "safe haven" status are stronger than ever, with the UK and Australia joining the new Asian development bank organization and the creation of a new SWIFT system by Russia and China are clear indicators that the USD's status as the dominate currency in the world is falling. I imagine we will soon have a few currencies to choose from as a international trade currency. The big question is: will gold be the backing to any new currency developed for international trade?

Stay tuned...

Bosko Kacarevic

Monday, March 2, 2015

Heraeus NY Market Report

Gold ended the shortest month of the year looking for renewed direction last week, following recent sideways moves and losses in the early weeks of February. Technically gold has tried to build some upside momentum: market psychology may be helped in that prices managed to advance over past the week, the first advance in over a month. For market bulls though, patience is still a pre-requisite as the timing of a rise in US interest rates, the performance of the dollar and the euro and the drag of oil prices on commodities as an asset class present a serious uphill challenge. There is no unanimity in sentiment and new highs in several key equity indices suggest that attentions are largely elsewhere for the time being. Economic data also lends little to establishing any form of consistently strong directional view. A more appropriate evaluation of risk will emerge but timing is everything. At the start of the week gold was testing $1200 on the downside but found some support as China returned from New Year’s festivities. The reality is though that many jewellery factories in Hong Kong only opened towards the end of the week and in the mainland many will only re-start on March 2. A rise in Euro gold prices encouraged some buying among European investors’ midweek but rallies tend to also trigger some metal returns. In Europe, after the strong investor interest of January, buying in February was more in line with year-ago levels. There will be keen interest to see how India’s budget and any tariff changes around gold will impact demand in this key consumer: January imports had already jumped to 57.2t, up 55% year-on-year.

Before jumping higher Friday afternoon silver had been heading for a pretty much flat performance over the course of the week. Looking for direction, like gold, silver needs a close above $16.60 to build to the upside. The price is though still well under both the 100 and 30-day moving average and there is a risk of renewed weakness, especially compared to gold where the ratio hovers around 73 still. That said, ETF silver holdings have reached a year-to-date high despite the relative attraction of strong equity markets. US dollar strength continues to undermine silver and that looks unlikely to reverse for a while although. The yield on Portuguese debt fell below the US equivalent this past week raising some interesting questions about risk valuations. In the coming week markets will undoubtedly be watching the ECB closely on Thursday and paying attention to economic data from China early in the week for any further signs of a slowdown.

Monday, February 23, 2015

Heraeus NY Market Report

For a fourth week in succession Gold had to put up with losses and fell to a 6-week Low at a price of 1,197 $/oz. The results of the FED meeting in January showed that the US is more hesitant than expected with regard to an interest increase. While this put pressure on the USD interest-free Gold benefitted in this environment. Due to the tension between Greece and the EU Gold received further support. The metal shone within the context of the difficult discussions and the respective possibility of a Grexit as a currency of crisis.  The agreement of the finance ministers to extend financial aid for Greece for another four months has relaxed the matters for the time being and put pressure on the Eurogold after an increase to 1,075 €/oz. It fell by 20 €/oz to 1,053 €/oz. It is expected that this has not been the last word. In the long term Gold will benefit from the decision of the Reserve Bank of India to loosen up import as well as lease agreements. The top trading companies are now allowed to import metals without the final application having to be pre-determined. The Indian trade balance however remains the guide for such relaxations or tightenings. Beginning the middle of the week China returns to the market after new year’s celebrations bringing back some purchasing power. Up until now the threshold of 1,200 $/oz has been defended and continues to be the first support, followed by 1,170 $/oz. Janet Yellen’s speech in front of the Senate Banking Committee will be informative with regard to the US economy. We see very good demand for small bars as well as increased output of refined Gold.

After a strong beginning of the year Silver has been moving in a downward trend since middle of January. Thus the last week was also disappointing with a performance of -6.3%. The support from the trend-channel results at 15.80 $/oz. ETF investors in turn use the low price levels for entries so that stocks are back on annual highs. The FOMC minutes have been perceived rather in a surprised manner as the interest increase seems to be occurring later than expected and which in turn has disinflationary risks.  As the market however does not really expect an interest increase in the middle of the year (June/July) the effect on metal prices as well as currencies was rather limited. As the issues around Greece have again been postponed to a later date it is exactly those interest expectations and US government bond yields which will primarily determine the Silver and the Gold price within the next months. Important data in this week are inter alia from the US like Consumer Confidence on Tuesday as well as Inflation, Jobless Claims and Durable Goods on Thursday. From China we expect the Purchasing Manager Index (PMI) on Wednesday.

Also in the past week Platinum could not recover – on the contrary: the metal continued to lose in value after it opened the reporting period at 1,205 $/oz. At the end of the week the metal only traded at 1,162 $/oz. Right at the beginning of the past week Platinum thus fell to a Low of 1,164 $/oz. It became clear once more that there is a high correlation between the Platinum and Gold price. Thereby Platinum mainly moved in Gold’s rough waters which had been affected by the rather dovish FOMC minutes with a big sell-off. The investment side also looks dimmed currently as investors are reducing their ETF stocks (-0,60 %). Additionally Chinese demand for Platinum has also been decreasing recently. At the Shanghai Gold Exchange an average of around 130 KG per day is seen in volumes which is 30% less than the average daily volumes seen between 2010 and 2014. In favor of Platinum the Automobile industry in turn recorded positive figures again in January. Thus sales figures in January have increased by 6.4% in comparison to the same month a year ago. It is especially countries like France, Germany, Italy, Spain and Great Britain that are recording growth.

Wednesday, February 11, 2015

Bail-In vs CIPF vs SIPC vs FSCS

Dear readers,

Lately I have been answering many questions from clients in the USA and UK on the "Bail-In" legislation as it relates to your investment accounts.  And there seems to be a misunderstanding between the insurance (CIPF, SIPC, FSCS) that protects investors from a dealer going bankrupt and the protection from the Bail-In process. The Bank of England released their BRRD in July 2014 and said that starting January 2015 the Bail-In policy will take affect. The BIS has stated that the bail-in rules will be implemented in all qualifying countries.

So lets clarify a few points:

  1. Investor protection funds like CIPF in Canada, SIPC in America and FSCS in the UK only protect your account from the "dealer" going bankrupt. They do NOT isolate you from any government legislation which allows banks or brokers to put restrictions on your account or convert the qualifying cash in your account to bank stock as they did in Cyprus.
  2. This is the whole point of the Bail-In policy, to ensure the financial system remains solvent, and they are going to do it with YOUR money. No bank or dealer will go bankrupt so the insurance on these accounts is irrelevant because the bank will be allowed to convert your cash and securities into bank stock to ensure that the bank and financial institution remains solvent.
  3. Many people assume that by having multiple accounts to stay under the Bail-Inable qualifications that you will be protected. Again this is not true because the banks and dealers will not be allowed to go bankrupt.
  4. A simple way to understand this is to look at your bank statement and notice which column your balance is located, DEBIT side or CREDIT side? All banks give you CREDIT once you deposit your funds. Therefore you are an "unsecured creditor" of the bank. This means that the bank has borrowed your money and gives you a CREDIT balance on your account. 
For more information and white papers on these subjects please visit our Archives tab and read carefully the links to these topics.

Anyone interested in designing a "Bail-In Proof" strategy please contact us and we'd be happy to assist you.


Bosko Kacarevic

Monday, February 9, 2015

Heraeus Market Report

Monday Feb 9, 2015

After the positive development of the Gold price in January (+8%) Gold had to put up with losses again last week. The market could realize gains due to the high price level and thus Gold had to at least partially lose its profits again. Meanwhile Gold had started promisingly into the new month and the 1,260 $/oz level was defended successfully again. It was US non-farm payrolls that had Gold break down from the then existing tight range. Consequently to the positive data from the US on Friday afternoon Gold fell by 2.5% to 1,229 $/oz. This reaction illustrates once more how much Gold depends on fiscal decisions in the US. With good economic development the planned interest increase comes to the forefront. Thus the latter is hanging over the market like a Sword of Damocles and lets Gold move into one or the other direction depending on the data situation and respective probability of a forthcoming implementation. Investors also withdrew support for the metal last week and ETF stocks reduced accordingly. Demand for small bars has also come back to normal levels. This morning Gold is trading at 1,240 $/oz. Despite of the slight recovery in the short-term downward trend we see support at the Low of last week for the metal. Resistance is at 1,250 $/oz and the market is now waiting for impulses for further developments. The comparatively high Euro-Gold level is continuously used in order to sell the metal.

After an initially quite stable week Silver got under pressure after the publication of the positive US non-farm payrolls on Friday afternoon. Also concerns about deflationary tendencies were resolved by higher than expected wage increases. Besides the Fed’s interest increase by the middle of the year which has become more probable by now mediation efforts in the Ukraine crisis as well as the willingness to compromise in Greece lead to a smaller need to hedge price risks in Silver and Gold. Silver is currently trading around the 100 day average at 16.70 $/oz. Next significant support should be at 16.00 $/oz while we see upside resistance at 17.48 $/oz.

Neither Platinum nor Palladium have been impacted by the Gold price development and gained in value in the course of the reporting period. Platinum opened at 1,241 $/oz and moved towards 1,257 $/oz at the end of the week. Platinum will continue to be strongly supported by the Automobile industry. It is amongst others announcements like the ones about the US auto sales in the past week which benefit Platinum’s outlook. Furthermore, the government in Zimbabwe announced that it may impose an export tax on unrefined Platinum. In the reporting period it was announced in turn that Zimbabwe’s government would revoke the Platinum export tax if the mines in Zimbabwe invest in its own refinery facilities in order to promote local refining. To what extent the idea of such an export tax will actually be implemented as well as be geographically spread and impact the Platinum price needs to be awaited. On the charts resistance is at 1,245 $, support at 1,242 $.

Monday, January 26, 2015

The Greatest Speech Ever Told

The coming Chinese "Year of the Goat" symbolizes creativity, intelligence, dependability and calmness.  Let these characteristics guide you this year and let's hope this video will inspire good changes in the world.

Bosko Kacarevic

Thursday, January 15, 2015

Swiss National Bank Shocks Markets

Dear readers,

I view this event as if the Swiss voted FOR the referendum on gold last year. The global currency war is alive and well. Central bankers know that western currencies are in trouble and they are seeking out a more stable "store of value" for their money. As we all know, the most stable "store of value" throughout all history is GOLD, so I'm sure this event will kick-off the NEW BULL MARKET in GOLD!

Hmmmmmm... I wonder what would happen if China removes its peg to the USD?   BK

To celebrate the NEW GOLD BULL we are having a SPECIAL on 1oz Gold Bars.

$24.95 over spot
While quantities last.


(Reuters) - Switzerland's franc soared by almost 30 percent in value against the euro on Thursday after the Swiss National Bank abandoned its three-year old cap at 1.20 francs per euro.

In a chaotic few minutes on markets after the SNB's announcement, the franc broke past parity against the euro to trade at 0.8052 francs per euro before trimming those gains to stand at 1.0350 francs.

It also gained 25 percent against the dollar to trade at 0.8900 francs per dollar.

The SNB has been resisting heavy pressure in recent months on the cap it imposed in September 2011 on the stellar rise seen in the franc's value due to investors seeking a haven from the euro zone's economic and political troubles.   Read more...
SNB Press release...

Monday, January 12, 2015

Antel Fekete talks about "Real Bills" and "Gold Coins"

"Gold coins are the most marketable instruments known to man. Its holder can trade on the best terms possible. Gold bills are the second most marketable instruments. Demand for them is virtually unlimited. Banks overflowing with gold coins scramble to expel them in exchange for real bills, the best earning asset a commercial bank can have. If you bought a house in the 19th century, you would not accumulate gold coins in anticipation of paying the purchase price on closing day. You accumulated real bills with the same maturity."   Professor Antel E. Fekete

Read full article...