Gold Shortage on The COMEX?

BNN News on Gold Shortage

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As the old saying goes, "He who owns the gold, makes the rules."
All paper certificate holders should read their contracts and prospectuses VERY carefully!  BK

Marc Faber on Gold, Miners and China

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...

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...

Gold and Silver Financial Review 08/16 by Gold Radio Cafe | Finance Podcasts

Recorded LIVE Today at 12:00pm EST

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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

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

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

Listen to internet radio with Gold Radio Cafe on BlogTalkRadio

Gold and the Weight of Paper Chains

Will gold finally break FREE of the paper chains holding it back? It seems to me that the physical demand for gold bullion is starting to show its true power and natural safe haven characteristics. You will never get "Bailed-In" if you hold physical gold. Ask yourself why Central Banks even have vaults with gold reserves in the first place? You really think banks build expensive vaults as a novelty? Come on folks, see the forest through the trees. Continue accumulating and gold bullion will not let you down. This has been proven time and time again throughout history. Besides, you would be doing yourself and your country a favour because, "he who holds the gold, makes the rules." 

The bottom might not be in yet, but surely we are very close? Dollar cost averaging has been the best strategy over the long run. Take advantage of this golden discount and increase your holdings a little more.  BK

Gold and Silver Financial Review 05/17 by Gold Radio Cafe | Blog Talk Radio

Recorded LIVE Today at 12:00pm EST

Listen to internet radio with Gold Radio Cafe on BlogTalkRadio

Gold Goes Mainstream

From our friends at: Thundering-Heard

Gross: Stock and bond managers today must be alchemists: turn lead into gold. NOT likely. Too much lead (bubbled assets).

–Tweet from Bill Gross, Founder of PIMCO, which manages $1.8 trillion

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“Do you own gold?” “Oh yeah. I do…There’s no sensible reason not to have some.”

–Ray Dalio to the Council on Foreign Relations

This is being written to put the precious metals market in a larger context for those people who still see the world proceeding much as it has proceeded in the past, a world without the large financial and supply chain disruptions that we foresee.

Strong multi-year upmoves in the price of any asset, aka a secular bull market in that asset, go through three stages:

1. The speculative, early-proponent phase during which the mainstream investment community ignores or derides the potential of that asset.
2. The mainstream phase, where the mainstream decides that exposure to that asset is a good idea for just about everyone.
3. The mania phase, where just about everyone feels that they must own that asset and will tell you so when you meet them by chance in the supermarket.   LINK...

Gold Radio Cafe

The Gold and Silver Financial Review
With co-host Jeff Dunphy:  viatao@gmail.com
Friday Sept 28, 2012 at 12:00pm EDT

Listen on Blogtalk:  HERE 
And this week's special guest:
Harley Schlanger

Mr. Harley Schlanger has been Executive Intelligence Review  (www.Larouchepub.com)  magazine’s Southwest Bureau Chief for more than 15 years. In the recent years he has become a national spokesman  for Lyndon LaRouche’s Political Action Committee. As Bureau chief he had written numerous articles including on the mid-1980’s Savings and Loan crisis, the looting of pension funds and in September 2008, the illegal bail out the investment funds such Fannie Mae and Freddie Mac by the Federal government           

As an investigative journalist Schlanger has contributed to a number of books published by EIR. Some of the research was incorporated in The Ugly Truth About the ADL, Bush: The Unauthorized Biography, for example.

            Schlanger himself made a run for the U.S. Senate in 1990, receiving 250,000 votes in the TexasDemocratic primary.

So, Did You Take Care of Business?

A great piece from our friends over at the Thundering Heard Blog.

"Worthless derivatives are being created by Wall St and High St at the rate of a million dollars per second! Governments have promised citizens far more than can ever be funded. If the big banks told the truth about their financial condition, all of them would be seen as insolvent. And it has been obvious for years that most countries in the world had taken on more debt than they could ever repay, and that their only strategy would be to print money. They are doing so."

Also, scroll down and check out the post they have on "chest refrigerators," a great way to save on energy.  BK

Gold Radio Cafe

The Gold and Silver Financial Review
With economist Jeff Dunphy:  viatao@gmail.com

Today at 12:00pm EDT

Listen on Blogtalk:  HERE

MP3 link:  http://blogtalk.vo.llnwd.net/o23/show/3/660/show_3660911.mp3

The Bank Trap on Your Standard of Living

By William J. Quirk

Four years after the 2008 financial crisis, banks are behaving more recklessly than ever.

In 1989, the CEOs of our seven largest banks earned an average of $2.6 million. In 2007, the average CEO income had risen to $26 million. The ordinary citizen might believe that this is grotesque overcompensation, but the financial sector found the pay perfectly reasonable. A year later, this sort of thinking led us to the brink of complete financial collapse. The financial crisis of 2008 now looks more and more like a defining moment, a crisis of capitalism. Globally, it has produced, in addition to a crippling recession, an unending debt crisis. Our own escalating, unpayable debt makes the future of U.S. power increasingly uncertain. Government borrowing and spending policies have failed to stimulate growth in the economy.   LINK...

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Confidence is lost, the system is broken and your standard of living, your freedoms and liberties will be sacrificed for "their" gains. It's time to take serious action when considering your savings and wealth.  BK

Gold Radio Cafe

The Gold and Silver Financial Review
With economist Jeff Dunphy: viatao@gmail.com

Listen Live:  HERE

Bullish on Bullion

Barron's
By ALAN ABELSON

All of which gives us pause and makes us more than a bit wary. And so, oddly, does the brisk surge in gold to a four-month high. We say oddly because bullion has been one of the few investments that we've written about this year with consistent enthusiasm. Everything that was wrong with the global financial system seemed to us to add fresh luster to the yellow metal. More than ever, it seemed a reasonably safe harbor in a debt-laden world where paper currencies are being routinely debased to prop up failing economies. It didn't hurt, either, that the gold-mining stocks have been conspicuous laggards for quite a spell.   LINK...

Gold Radio Cafe

S. Korean Central Bank Bought 16 Tonnes of Gold in July

Author: Christine Kim
Posted: Thursday , 02 Aug 2012 
Increased volatility in the global financial markets and falling confidence in the U.S. dollar have persuaded central banks to diversify their foreign reserves away from the U.S. currency and government debt securities.

Central banks became net gold buyers in 2010 for the first time in two decades and have remained buyers since, with an easing of prices this year helping the cause to accumulate more of the safe-haven reserve asset.

South Korea is Asia's fourth-largest economy and its foreign reserves of more than $300 billion ranked the seventh in the world and were equivalent to about 30 percent of its annual gross domestic product.

Gold accounted for 0.9 percent of the value of South Korea's total foreign reserves at the end of July, up from 0.7 percent a month earlier, the central bank said. The total book value of its gold holdings was at $3.0 billion, it added.

The South Korean central bank said it now ranked 40th in the world in gold holdings at the end of July, up from 43rd in June.

LINK...
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Become your own Central Bank with our U-Vault Account, and have you gold and silver fully insured in vault locations around the world.   BK

Gold Radio Cafe