Gold Moving Into The Monetary System

Mineweb
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...

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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

MARKET WATCH
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...

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President Putin, a former KGB officer knows something bad is coming and he's getting prepared. Sounds like good advice.   BK
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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.

CME Europe Accepts Gold Collateral

Bloomberg
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...
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More evidence of the "Red Carpet Theory" becoming a reality. Create your own "Gold Central Bank" with our U-Vault Account today.   BK

Soros, Paulson Boost Gold Fund Stake

Barron's

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 show. Soros Fund Managementheld 884,400 shares of the SPDR Gold Trust (GLD) as of June 30, up from 319,550 on March 31.  LINK...

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And these guys play to WIN BIG! The only mistake, they should have purchased physical.   BK

Gold Radio Cafe

Economist Jeff Dunphy:  viatao@gmail.com

Swiss Bank Lost Gold?

A great interview by Eric King (www.kingworldnews.com) 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