Chinese Gold Buying More Than Doubled in Q1

If the bull market for gold is over nobody seems to have told the Chinese. Net gold flows from Hong Kong to China surged to 223 tonnes in March, up from 97 tonnes in February taking total imports in Q1 to more than half of the record 557 tonnes imported for the whole of last year.

And that was before the 50 per cent plus surge in physical buying in April when the gold price crashed bringing out a huge number of bargain hunters across Chinese cities. ArabianMoney witnessed the queues in several Chinese cities during our tour last month.  LINK...

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...
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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

Gold And The Eurozone Crisis

Government's and Central Banks around the world are actively pursuing gold as a means of collateral to settle debts. Are we on the road to a NEW Gold Standard? 

Become your own "Central Bank" with our U-Vault Account and eliminate any counter-party risk between you and your assets. Having REAL GOLD BULLION as a retirement asset is the best solution, especially since we offer better insurance than your bank deposit. Call now for more information on how to create your own "fully insured" gold vault.  BK

Video:   "Gold and the Eurozone Crisis."