By Default, Gold Is Money.

A King World News recap from April 2012. Jim Sinclair explains how gold acts as the final settlement of payment between nations in times of stress. Any wonder why Germany is requesting an audit of their gold at the New York FED? Read between the lines folks, you must own "physical" gold to be safe.  BK

Jim Sinclair 4:25:2012.mp3

Singapore Freeport

Dear readers,

This week on King World News, top trends forecaster Gerald Celente of the Trends Journal, says the smart money is storing their gold in Singapore, and that Singapore intends to be the next great gold trading market in the world. Here's the mp3 to the interview: Gerald Celente on King World News

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For those interested in storing gold and silver in Singapore, we have the perfect solution for you with our U-Vault Account at the Singapore Freeport. A fully insured, fully allocated and segregated ownership of your precious metals. Our Singapore vault offers state-of-the-art secure technology, total confidentiality, international GST tax-free trade zone and easy access to the Singapore airport. For more information please contact us.   BK

Monetary System Will Go Gold Soon

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/14_Jim_Rickards_-_Monetary_System_Will_Go_Gold_Soon.html

On King World News, Jim Rickards talks about how we will eventually return to gold as an important part of our monetary system.   BK

Gold Margin Raised 27% on COMEX

Bloomberg
By Debarati Roy and Pham-Duy Nguyen - Aug 24, 2011 6:32 PM ET

CME Group Inc. raised the margin requirements on gold trading at its Comex unit for the second time this month, after prices surged to a record above $1,900 an ounce and then plunged today by the most since March 2008.
The minimum cash deposit for borrowing from brokers to trade gold futures will rise 27 percent to $9,450 per 100-ounce contract in the speculative Tier 1 category at the close of trading tomorrow, Chicago-based CME said in a statement. On Aug. 11, the increase by the exchange was 22 percent to $7,425. The cost of one contract after today’s close was $175,730. The maintenance margin will rise to $7,000 from $5,500.    LINK...
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Why bother with margin in this volatility? Just buy the physical metal fully paid for and aviod the stress. Eventually if they keep raising margins we will have a strictly physical market.  BK