tag:blogger.com,1999:blog-62058274667546806162024-03-05T20:07:22.619-08:00GOLD :: The Best Store of Value ::abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comBlogger110125tag:blogger.com,1999:blog-6205827466754680616.post-28475211293990752922017-07-23T09:46:00.003-07:002017-07-23T09:46:48.332-07:00The Fiqhi Fact of The Fiat Fiasco - Ustaz Noor Deros<span style="font-family: Trebuchet MS, sans-serif;">A talk by Ustaz Noor Deros during MMJ Seminar in 3rd Dec 2016 in IIUM Gombak,
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abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-34605680308588566892016-12-21T04:55:00.000-08:002016-12-21T08:44:50.505-08:00IMF - Chinese RMB (Yuan) in SDR from 1st Oct 2016<center>
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abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-48342455312108355432016-04-21T12:56:00.001-07:002016-04-21T12:56:36.996-07:00Shanghai Gold Exchange : Notice of Launching Shanghai Gold Benchmark Price Trading<div class="sfjgbox" style="font-family: 微软雅黑, SimSun, sans-serif; font-size: 12px; line-height: 18px; margin: 0px; padding: 10px 5px;">
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<span style="font-family: "arial"; font-size: 15px;">Shanghai Gold Exchange</span><span style="font-family: "arial"; font-size: 15px;"> (the “Exchange”) will launch Shanghai Gold Benchmark Price Trading on April 19, 2016. The term “Shanghai Gold Benchmark Price Trading” is a centralized pricing process that involves the issuance of various prices as per the corresponding buy and sell orders so that, by the end of multiple rounds of the trading process, the total buying volume and selling volume reach a relative balance and the orders are then matched and executed at the price, the Shanghai Gold Benchmark Price. Detailed specifications of Shanghai Gold Benchmark Price Trading are hereby given as below:</span></div>
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<span style="font-family: "arial"; font-size: 15px;">1. </span><span style="font-family: "arial"; font-size: 15px;">The trading code of Shanghai Gold Benchmark Price Trading is SHAU. The quotation unit is in RMB/gram. The minimum price fluctuation is RMB 0.01/g. Trades shall be in multiple of lots, with each lot corresponding to 1 kg. The minimum quotation size is 1 lot, the maximum quotation size is 30,000 lots. T+2 delivery.</span><span style="font-family: "arial"; font-size: 15px;"></span><span style="font-family: "arial"; font-size: 15px;">Relevant product specifications are detailed with Product Specifications for Shanghai Gold Benchmark Price Trading (attached hereto as Annex 1).</span></div>
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<span style="font-family: "arial"; font-size: 15px;">2. </span><span style="font-family: "arial"; font-size: 15px;">The auction runs twice daily with the AM session begins at 10:15an and PM session at 2:15pm. There are five minutes for the issuance of reference prices and one minute for the display of Initial Price.</span></div>
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<span style="font-family: "arial"; font-size: 15px;">3. </span><span style="font-family: "arial"; font-size: 15px;">T</span><span style="font-family: "arial"; font-size: 15px;">he </span><span style="font-family: "arial"; font-size: 15px;">Exchange will announce the Previous Benchmark Price on April 18 as the reference for price limit calculation of the first Shanghai Gold Benchmark Price Trading on April 19.</span></div>
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<span style="font-family: "arial"; font-size: 15px;">4. </span><span style="font-family: "arial"; font-size: 15px;">The transaction fee of Shanghai Gold Benchmark Price Trading will be exempted from April 19, 2016 to June 30, 2016.</span></div>
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<span style="font-family: "arial"; font-size: 15px;">5. </span><span style="font-family: "arial"; font-size: 15px;">Member shall file with the Exchange Application Form for Shanghai Gold Benchmark Price Trading (attached hereto as Annex 2). Currently the trading access is not open to individual customers.</span></div>
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<span style="font-family: "arial"; font-size: 15px;">6. </span><span style="font-family: "arial"; font-size: 15px;">Executed orders of Shanghai Gold Benchmark Price Trading will be cleared along with other SGE products under the same account. During the end-of-day clearing, the Exchange will clear positions in the sequence of price matching trades, Shanghai Gold Benchmark Price trades, and inquiry trades. Clearing orders and default determinations are detailed with Explanation of Default Determination Process of Margin Trading Products in Clearing System as per attached.</span></div>
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<span style="font-family: "arial"; font-size: 15px;">7. </span><span style="font-family: "arial"; font-size: 15px;">Traders with trading access to price matching system could use the same username, password, electronic certificate and certificate code to log in Shanghai Gold Benchmark Price Trading system. Members that connects to the Exchange through leased line shall provide their IP address to Technology Operation and Maintenance Department of the Exchange and grant access to firewall. International members could use SGEI Trading System directly. From April 7 to April 12, members could verify the connectivity to the production environment of Shanghai Gold Benchmark Price Trading system.</span></div>
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<span style="font-family: "arial"; font-size: 15px;">8. </span><span style="font-family: "arial"; font-size: 15px;">T</span><span style="font-family: "arial"; font-size: 15px;">he </span><span style="font-family: "arial"; font-size: 15px;">terminal deployed in production environment is available on Shanghai Gold Benchmark Price Trading System Terminal Download page from the sector of Member Center – The Exchange’s Notice after login into the Membership sector on SGE’s website. International member do not need to download or install the software. As the stimulation environment of Shanghai Gold Benchmark Price Trading is still available after April 7, members shall distinguish production environment from stimulation environment when installing the terminal and use different terminals in case of misoperation.</span></div>
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<span style="font-family: "arial"; font-size: 15px;">Please use IE 10.0 or above version or Google Chrome to log in member management system. Windows 7 or above version is suggested when running Shanghai Gold Benchmark Price Trading terminal.</span></div>
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<span style="font-family: "arial"; font-size: 15px;">April 12</span><span style="font-family: "arial"; font-size: 15px; vertical-align: super;">th</span><span style="font-family: "arial"; font-size: 15px;">, 2016</span></div>
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<a href="http://www.en.sge.com.cn/news-announcement/announcement/537284.shtml" target="_blank">from here >></a><br />
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abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-46290755641932359812016-04-21T10:20:00.000-07:002016-04-21T11:31:53.258-07:00Why China launched a CNY-denominated gold benchmark<center>
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<span style="font-family: Trebuchet MS, sans-serif;">Monday, 18 Apr 2016 | 10:19 PM ET China's new CNY-denominated gold benchmark aims to attract foreign participation, says Marwan Shakarchi, MKS Switzerland's chairman.</span></div>
abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-86968540831857082872016-04-18T08:24:00.000-07:002016-04-18T08:24:23.758-07:00World Of Money: "In The World We Live In" <div style="text-align: justify;">
<span style="font-family: Trebuchet MS, sans-serif;">Published on 27 Mar 2016 - Lecture by Brother Zahid Aziz titled World of Money: "In The World We Live In. Brother Zahid is one of the of the founder of movement "Toward s Just Monetary & Financial System. He has 25 years of experience in Muamalat Industry, the winner or IIUM Best Student Award 2012 for Banking & Finance. Hope this talks will give us some new light with regard to monetary & financial system in the world we live today.</span></div>
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abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-49200852406942433742016-04-18T05:18:00.000-07:002016-04-18T05:18:09.375-07:00TPP, TTIP, TISA. - The US strategy to create a new global legal and economic system<center>
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abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-7018234459576759432014-11-28T17:36:00.002-08:002014-11-28T17:39:11.783-08:00Swiss, French call to bring home gold reserves as Dutch move 122 tons out of US<div class="cont-wp-mid max_width" style="background-color: white; clear: both; margin: 0px 0px 20px; padding: 0px; vertical-align: baseline;">
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<span class="time" style="color: #999999; float: left; font-size: 13px; margin: 0px 5px 3px 0px; padding: 0px; vertical-align: baseline; white-space: nowrap;">Published time: November 28, 2014 05:25</span><br />
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<span style="font-family: Trebuchet MS, sans-serif;">The financial crisis in Europe is prompting some nations to repatriate their gold reserves to national vaults. The Netherlands has moved $5 billion worth of gold from New York, and some are calling for similar action from France, Switzerland, and Germany.</span></div>
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<span style="background-color: initial; font-family: Trebuchet MS, sans-serif; margin: 0px; padding: 0px; vertical-align: baseline;">An unmatched pace of money printing by major central banks has boosted concerns in European countries over the safety of their gold reserves abroad.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">The Dutch central bank – De Nederlandsche Bank – was one of the latest to make the move. The bank announced last Friday that it moved a fifth of its total 612.5-metric-ton gold reserve from New York to Amsterdam earlier in November.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">It was done in an effort to redistribute the gold stock in <em style="margin: 0px; padding: 0px; vertical-align: baseline;">“a more balanced way,”</em> and to boost public confidence, the bank explained.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;"><em style="margin: 0px; padding: 0px; vertical-align: baseline;">“With this adjustment the Dutch Central Bank joins other banks that are keeping a larger share of their gold supply in their own country,”</em> the bank said in a statement. <em style="margin: 0px; padding: 0px; vertical-align: baseline;">“In addition to a more balanced division of the gold reserves...this may also contribute to a positive confidence effect with the public.”</em></span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">Dutch gold reserves are now divided as follows: 31 percent in Amsterdam, 31 percent in New York, 20 percent in Ottawa, Canada and 18 percent in London.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">Meanwhile, Switzerland has organized the ‘Save Our Swiss Gold’ referendum, which is taking place on November 30. If passed, it would force the Swiss National Bank to convert a fifth of its assets into gold and repatriate all of its reserves from vaults in the UK and Canada.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;"><em style="margin: 0px; padding: 0px; vertical-align: baseline;">“The Swiss initiative is merely part of an increasing global scramble towards gold and away from the endless printing of money. Huge movements of gold are going on right now,”</em> Koos Jansen, an Amsterdam-based gold analyst for the Singaporean precious metal dealer BullionStar, told the Guardian.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">France has also recently joined in on the trend, with the leader of the far-right National Front party Marine Le Pen calling on the central bank to repatriate the country’s gold reserves.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">In an open letter to the governor of the Banque de France, Christian Noyer, Le Pen also demanded an audit of 2,435 tons of physical gold inventory.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">Germany tried and failed to adopt a similar path in early 2013 by announcing a plan to repatriate some of its gold reserves back from the US and France.</span></div>
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<a href="http://rt.com/business/170940-gold-germany-us-federal-reserve/" style="-webkit-transition: color 0.5s, text-decoration 0.5s; color: #044faa; font-size: 15px; margin: 0px; outline: none; padding: 0px; text-decoration: none; transition: color 0.5s, text-decoration 0.5s; vertical-align: baseline;" target="_blank"><span style="font-family: Trebuchet MS, sans-serif;">READ MORE: No ‘gold rush’: Germany keeps reserves in the US</span></a></div>
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<span style="font-family: Trebuchet MS, sans-serif;">The efforts fizzled out this summer, when it was announced that Germany decided to leave $635 billion worth of gold in US vaults.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">Germany only keeps about a third of its gold at home. Forty-five percent is held in New York, 13 percent in London, 11 percent in Paris, and only 31 percent in the Bundesbank in Frankfurt.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;"><a href="http://rt.com/business/209591-gold-europe-gold-repatriation/" target="_blank">original report here</a>::</span></div>
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abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-18205661410503400172014-11-28T17:22:00.001-08:002014-11-28T17:27:18.476-08:00Goldman Sachs, HSBC, BASF sued in first US metals price manipulation case<div class="cont-wp-mid max_width" style="background-color: white; clear: both; margin: 0px 0px 20px; padding: 0px; vertical-align: baseline; width: 520px;">
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<span class="time" style="color: #999999; float: left; font-size: 13px; margin: 0px 5px 3px 0px; padding: 0px; vertical-align: baseline; white-space: nowrap;">Published time: November 26, 2014 14:09</span><br />
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<div class="addthis_sharing_toolbox" data-title="Goldman Sachs, HSBC, BASF sued in first US metals price manipulation case — RT Business" data-url="http://rt.com/business/209023-metals-price-fixing-lawsuit/" style="margin: 0px; padding: 0px; vertical-align: baseline;">
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Four major global firms are to appear in a New York court accused of manipulating platinumm and palladium prices for eight years. The law suit is the first of its kind in US history.
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<span style="background-color: initial; font-family: Trebuchet MS, sans-serif; margin: 0px; padding: 0px; vertical-align: baseline;">Those accused include units of Goldman Sachs Group, the world’s biggest global investment bank, HSBC Holdings, Europe's largest bank by market value, the metals unit of BASF SE (BAS) ), the world’s largest chemical company, and Standard Bank Group from South Africa, the world’s largest producer of platinum and second largest producer of palladium after Russia.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">The plaintiffs claim the manipulations of precious metals prices, which is believed to have started in 2007, have cost purchasers millions of dollars, Reuters reports.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">The companies have been sued for using insider information about client purchases and sale orders to profit from slight movements in the price of platinum group metals, be they used for jewelry or for industrial use, such as the production of automotive catalytic converters, fuel cells, etc.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">The illegal sharing of customers’ data enabled the banks to undertake a “front-running” price manipulation, with the help of fabricating “spoof” orders, which is claimed violates US antitrust and commodities laws.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">The suit was filed in the Manhattan Federal Court on Tuesday by Modern Settings LLC, a Florida-based maker of jewelry and police badges. All four defendant companies refused to comment on the issue.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">Last year BASF’s metal unit generated €2.36 billion ($2.95 billion) revenue in precious metals trading, according to Reuters.</span></div>
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<a href="http://rt.com/business/207175-banking-cheating-financial-gain/" style="-webkit-transition: color 0.5s, text-decoration 0.5s; color: #044faa; font-size: 15px; margin: 0px; outline: none; padding: 0px; text-decoration: none; transition: color 0.5s, text-decoration 0.5s; vertical-align: baseline;"><span style="font-family: Trebuchet MS, sans-serif;">READ MORE: Banking breeds cheating for financial gain - Swiss researchers</span></a></div>
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<span style="font-family: Trebuchet MS, sans-serif;">Regulators around the world have been tightening the screws on the global banks over the manipulation with some of benchmark rates, such as rates on the foreign exchange markets and the inter-bank London Interbank Offered Rate (LIBOR).</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">In spring 2014 the Swiss regulator became the first to confirm it had <a href="http://rt.com/business/swiss-uk-forex-investigations-517/" style="-webkit-transition: color 0.5s, text-decoration 0.5s; color: #044faa; font-size: 15px; margin: 0px; outline: none; padding: 0px; text-decoration: none; transition: color 0.5s, text-decoration 0.5s; vertical-align: baseline;" target="_blank">uncovered</a> illegal currency rate rigging by world’s leading financial organizations, Goldman Sachs, and HSBC included.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">By November the world’s biggest banks had agreed to pay<a href="http://rt.com/business/204731-currency-manipulation-fine-billion/" style="-webkit-transition: color 0.5s, text-decoration 0.5s; color: #044faa; font-size: 15px; margin: 0px; outline: none; padding: 0px; text-decoration: none; transition: color 0.5s, text-decoration 0.5s; vertical-align: baseline;" target="_blank"></a> out $4.3 billion to settle an investigation into their alleged rigging of foreign exchange rates.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;"><a href="http://rt.com/business/204731-currency-manipulation-fine-billion/" style="-webkit-transition: color 0.5s, text-decoration 0.5s; color: #044faa; font-size: 15px; margin: 0px; outline: none; padding: 0px; text-decoration: none; transition: color 0.5s, text-decoration 0.5s; vertical-align: baseline;">READ MORE: Banks fined record $4.3 bn for corrupting integrity of currency trading</a></span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">Original report <<<a href="http://rt.com/business/209023-metals-price-fixing-lawsuit/" target="_blank">here</a> >></span></div>
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abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-26739069876626615932014-11-28T16:07:00.002-08:002014-11-28T16:07:20.881-08:00A Major International Monetary Crisis is Looming: The Suppression of Gold and Silver? Is COMEX being Cornered?<br />
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By <a href="http://www.globalresearch.ca/author/holter" style="border: 0px; color: #3b4d81; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;" title="Posts by Bill Holter">Bill Holter</a> and <a href="http://www.globalresearch.ca/author/miles-franklin" style="border: 0px; color: #3b4d81; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;" title="Posts by Miles Franklin">Miles Franklin</a></div>
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Global Research, November 25, 2014</div>
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<a href="http://www.globalresearch.ca/wp-content/uploads/2014/04/gold.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="gold" border="0" class="attachment-single-post-thumbnail wp-post-image" height="97" src="http://www.globalresearch.ca/wp-content/uploads/2014/04/gold.jpg" style="border: 1px solid rgb(228, 228, 228); font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: auto !important; line-height: inherit; margin-top: 0px; max-height: inherit !important; max-width: 200px !important; padding: 0px; vertical-align: baseline;" title="gold" width="129" /></a><em style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></em></div>
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<em style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><em style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">It is with a deep sense of gratitude that I have had all of you as friends and associates during what has been a long war, not a good war, but a very long “financial war”. As you know from these writings; this has been a war conducted by the Federal Reserve against the entire world, aided and abetted by major international banks via the manipulation of most every market on the planet. The ethics and morals our country was originally built on …be damned!</em></em></div>
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The events mentioned herein relative to the <em style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">suppression of gold and silver </em>using dollar hegemony as the tool indicate a major international monetary crisis is dead ahead, this is obvious. Power in the hands of the few have made massive gains for those at the top of the economic ladder while the average man has become a debt slave to the few. There are of course the laws of Mother Nature and “unintended consequences”. Those at the top who intend to “rule the world” are being challenged from the East in what I believe to be almost a winner take all “war”. It did not have to be this way but the “West” has forced this.</div>
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I have never written “this is my most important writing ever!” but that day has now come. So many events have all aligned at once which point to something very bad happening, very soon. In fact, “very soon” could be as soon as the Monday following this Thanksgiving. We saw many different events unfold over this past week which I believe are all connected in one way or another, I will try to connect them for you. That said, please understand that we are and have been in a financial war for many years now. This “war” is one between the East and West where the West’s paper financial system which has been in control for so many years is seeing its power wane. It is this “wane” of the West versus the rise of the East that I believe is now, finally, coming to head.</div>
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If you recall, we had two Fridays in a row where <em style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">gold and silver prices</em> were smashed early in the overnight hours and into the morning, only to turn around violently and close very strongly for the day and the week. This action is called an “outside reversal day” which over the years has been an extremely rare event in the precious metals. It has been rare in precious metals because it was not “allowed”. When I say “allowed”, please remember that COMEX is a paper exchange where possessing metal is not necessary to sell gold or silver. All you have to have is “money” to post as margin and you are allowed to sell as many contracts as you have margin for. There are “limits” to how many contracts one can buy or hold, these limits do not seem to have been enforced on the sell side …JP Morgan’s short position in silver as an example.</div>
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So we had two outside reversal Fridays in a row, this was followed by the action this past Wednesday. 80 tons of gold was sold over a 15 minute timespan which knocked gold down $20 in the blink of an eye. Please see the chart below courtesy of Dave Kranzler of IRD.</div>
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<a href="http://www.gold-eagle.com/sites/default/files/holter112314-1.jpg" rel="nofollow" shape="rect" style="border: 0px; color: #3b4d81; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank" title="A Major International Monetary Crisis is Looming: The Suppression of Gold and Silver? Is COMEX being Cornered?"><img alt="December Comex Gold" class="aligncenter" height="498" src="https://blogger.googleusercontent.com/img/proxy/AVvXsEheUuxOfOKMZl_sW7wdA8B8JY2VdN4jvOgtnIYiUMkizwiIBUOgHIMEUPFyiALYhFj4_i3h0TLenfxYfHztMAEmj27UiUHj8rAwp8bbU2pP8_DKIzsVpeu6OHjQsyDjJ4ADeKsLrhu2IHgKVZk4rM13KwPH3C23CLyQjQW7qvN8Dg=s0-d-e1-ft" style="border: 1px solid rgb(228, 228, 228); display: block; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px auto 10px; max-width: 635px; padding: 0px; vertical-align: baseline;" width="717" /></a></div>
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80 tons! Let me put this in perspective. 80 tons is equal to two weeks worth of global gold production …sold in just 15 minutes! This is nearly 2.8 million ounces. The interesting thing is, COMEX only claims to have 865,000 ounces of gold available for delivery so more than 3 times the amount of ounces were sold in 15 minutes than is even claimed as available for delivery! What followed however was the real stunner, very shortly afterward gold dug in its heels and started to recover …recover to unchanged in price! Do you see the importance here? Though this was not another outside reversal day, it may have been even more important. The “paper” market absorbed two weeks worth of production in just 15 minutes without breaking! I’ll get back to this shortly and tie it in to the rest.</div>
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If you recall, I wrote a piece back in August entitled “Kill Switch” <a href="http://silverseek.com/article/kill-switch-13503" rel="nofollow" shape="rect" style="border: 0px; color: #3b4d81; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">http://silverseek.com/<wbr></wbr>article/kill-switch-13503</a> <wbr></wbr>where I put forth a hypothesis that the high and rising open interest in silver was actually the Chinese via proxies cornering the silver market. The huge open interest in the nearby contract rolled out to the December contract. At that point, the open interest in gold was at multi year lows as one would expect with prices down. This has changed, just over the last 4-6 weeks, the open interest has steadily built in gold …while continuous pressure still on the price. Before going any further, I have never seen the open interest rise to multiyear highs while the price was pushed to multi year lows in ANY commodity. This is truly an anomaly and one that looks like it could be resolved very shortly.</div>
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This coming Friday is the 1st notice day for both Dec. COMEX gold and silver contracts. COMEX in my opinion has a potentially huge problem where a default in both contracts is a distinct possibility! As of this past Friday, 61,763 contracts still open, this represents 308 million ounces of silver. The COMEX claims a registered (deliverable) inventory of just under 65 million ounces. With only four days left there are roughly 5 silver ounces contracted for every one ounce available!</div>
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The situation in gold has quietly become much worse than silver, there were 162,509 Dec. gold contracts open which represent over 16 million ounces of gold. The “registered” (deliverable) category at the COMEX inventory shows only 868,910 available to deliver! Do you see the problem here? There are only 4 days left until this contract goes into the delivery process, yet there are 20 ounces contracted for each ounce available! I have one other amusing thought for you, remember the 80 tons sold in 15 minutes last Wednesday? This was almost 2.8 million ounces compared to a deliverable inventory of just 869,000 ounces, in my opinion, ”FRAUDULENT” in capital letters!</div>
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Yes I understand, there are still four days left for the open interest to bleed down and roll out to the next contract month but we now stand in totally uncharted territory. Never in the past has this much open interest been still outstanding with deliverable inventory as low as it is. It is also astounding that total open interest could have risen to these levels while the price dropped. For open interest to increase and the price to drop, the “initiation” to the opening of contracts has obviously been done by sellers. This is exactly what I have been saying all along, the dropping price has been dictated by paper sales of COMEX contracts …but now there is a problem. So much paper has been sold to dictate the price that the contracts outstanding simply dwarf the available metal to deliver. Put another way, COMEX gold and silver look like they have been cornered! Let me rephrase this, COMEX gold and silver are now “very cornerable”. We will know shortly if this is true and “who” did the cornering. I suspect we will find out that this has been a Chinese/Russian hand holding consortium and one that was carefully planned and done within legal bounds. I think we will find out they in fact did play by the West’s rules and it was the “sellers” of nonexistent metal who fell into their own price fixing trap. It has been a financial war, one that was declared by the West and looks to have been possibly won by the East.</div>
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Another huge event this past week was the surprise announcement by Holland of their <a href="http://www.zerohedge.com/news/2014-11-21/gold-repatriation-stunner-dutch-central-bank-secretly-withdrew-122-tons-gold-new-yor?page=2" rel="nofollow" shape="rect" style="border: 0px; color: #3b4d81; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">repatriation of 122.5 tons of gold from the FRBNY</a>.</div>
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I have many questions about this transaction and very few answers. We may or may not ever get some of the answers but here is what I’d like to know. Was the gold which was delivered the “original” gold that was deposited? Same serial numbers and hallmarks? If not, where did it come from, who refined and processed it? And when? One must also wonder why the Germans did not get their promised gold? Did Holland work out a deal prior to the German request? Or is this a case of the Dutch “smelling smoke” and quietly exiting the theatre before anyone else? Other questions might include whether or not any of this gold was of Ukrainian origin and now what might happen in the derivatives markets? Remember, derivatives outstanding are probably in the range of 100-1 versus the real metal, taking 122 tons of “collateral” away could affect 12,200 “tons” of paper derivatives. With the leverage factor, this is equal to better than 4 years worth of global production and could affect close to $1/2 trillion worth of paper contracts! While on this subject, prior to the Dutch news, GOFO rates were at almost record backward levels. Has this come about because 122 tons of “collateral” was withdrawn from the pool? Just thinking out loud here…</div>
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Other notable events this past week were many. First, Congress began questioning the banks on <a href="https://ca.news.yahoo.com/u-banks-grilled-over-commodities-201738559.html" rel="nofollow" shape="rect" style="border: 0px; color: #3b4d81; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">“manipulating the commodities markets</a>,” and the Federal Reserve leaking inside information to Goldman Sachs, is the timing of this a coincidence? Also, president Obama unilaterally has now thrown our borders open, is it possible that the long spoken of “Amero” is really in the works? One necessity to a North American currency unit would be open borders right? Again, just thinking out loud. We also heard Russia announce a decline to import ANY GMO food products from the West for at least 10 years. They also announced the import of another 55 tons of gold for the quarter for good measure while ISIS announced their intent to use gold and silver as money.</div>
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To tie all of this up, let me say that I believe the very long anticipated “market corner” of precious metals may possibly and finally be at hand. Contrary to what happened back in the late 1970′s with the Hunt brothers in silver, the current “corner” was actually facilitated by the sellers. The Hunt’s in fact did set out to corner silver, I don’t believe the Chinese/Russian/Indian alliance initially set out to do this …they were “forced to.”</div>
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You see, we have been in a “financial war” for years, the U.S. has trod heavily on the rest of the world financially. We settled our grotesque annual trade deficits by sending freely created dollars as payment. In order to support the dollar and keep interest rates low, we have suppressed the prices of gold and silver. Without low metals prices, none of the other markets could ever make any sense. PE ratios could never be at the current levels without low interest rates, interest rates could never be at these low levels if gold and silver were shooting upward …so the rest of the world has played the only card they could to prevent a World War, a financial card.</div>
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They “carried” us and let the game go on and on as they accumulated bigger and bigger stacks of gold. Much of this gold “was once” Western gold. They have legally purchased it and in many cases sent our own dollars back to us as payment. Now, we will sit with lots and lots of dollars while they have lots and lots of gold. I believe they have now cornered both COMEX gold and silver if they choose to stand for delivery. They will say “hey, we did not make up the rules, you did. You sold us contracts, we bought and paid for them. Now we would like the contract settled, please send us our metal”. This was all legal and they did not step up with the intent of busting the market, they simply “bought what we were selling”. If they do stand for delivery, can they be faulted if they ask for the contract they paid for to perform?</div>
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Let me finish by saying this, we very well may wake up after Thanksgiving “fat and happy” only to find out the entire financial system was a fraud. The East, by asking for delivery may in a “polite” way expose the entire game. This would accomplish much, first and most importantly, this will go almost all the way in ending the dollar as the world’s reserve currency. The U.S. will no longer be able to trade “something for nothing”. It will also hamper our ability to financially and militarily put our thumb on the rest of the world. If we became hampered financially, this would also make military operation much more difficult to fund or pay for. In essence, if I am correct and we do see failure to deliver and a COMEX default …the world may be a safer place! This past week for example, president Obama secretly extended our stay in Afghanistan, how will this operation be funded by a bankrupt Treasury and a central bank that issues unwanted currency? The Chinese/Russians in my opinion may be on the verge of winning a war without ever firing a shot and playing the game by our own rules! We clearly have been the aggressors in both Syria and then in funding a coup in Ukraine. Could crashing our financial markets be a way to put us on a financial leash and thus lessen our abilities at aggression? I am sure this thought process has already been discussed.</div>
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Please do not call or write me Monday morning and say “see, nothing happened …again”. All I am saying here it that the COMEX is now “cornerable” and in a very vulnerable position. Maybe it will not be now, maybe it will? All I can say is history is rife with “bank runs”, sooner or later the longs will stand for the delivery of an inventory too small to satisfy them, this will be nothing different than a bank run when it happens.</div>
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<em style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"> <strong style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Bill Holter</strong>, Miles Franklin associate writer<br />Original report : <a href="http://www.globalresearch.ca/a-major-international-monetary-crisis-is-looming-the-suppression-of-gold-and-silver-is-comex-being-cornered/5416111" target="_blank">here </a></em></div>
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abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-24832062444980895792014-02-19T00:06:00.002-08:002014-02-19T00:06:35.896-08:00Gold Heading To $1,400 This Year: US Global's CEO - Kitco News<div style="text-align: justify;">
<span style="font-family: Trebuchet MS, sans-serif;">Published on 18 Feb 2014 | Kitco News speaks with US Global Investors' CEO Frank Holmes about gold's price movements last week and where he expects the yellow metal is headed. "Now with gold going above the 200-day, there's a sentiment of relief and it is positive," he says. However, Holmes says that this does not mean investors are 'runaway bullish' on gold just yet. Holmes is optimistic about gold's direction, stating that one of the major headwinds for the metal last year will probably soften in 2014. "One of the big headwinds last year in government policies was CPI numbers fell and interest rates for government bonds went up...that was a big headwind for gold," he says. "I think you'll see that change this year; you're going to see CPI numbers start to rise and lots of capacity in the economy means rates are not going to rise; so, we'll probably see a negative real rate of return which would take gold up to around $1,400 an ounce." Tune in now to hear more from Frank Holmes and to hear which mining stocks he is eyeing. Kitco News, February 18, 2014.</span></div>
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<br />abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-70195539605715864332014-01-30T11:56:00.003-08:002014-01-30T11:56:45.282-08:00CPM Called Jan. Gold Target, Now Eyes $1,320 in March <div style="text-align: justify;">
<span style="font-family: Trebuchet MS, sans-serif;">Published on Jan 29, 2014 | Kitco News' Commodities Confidential is back with CPM's Jeff Christian talking about gold and some factors that led to higher prices in January. Earlier this month, CPM said gold prices could reach $1,280 while prices could go even higher by early-Feb or late March. "We do think we will see $1,320 but it's probably more likely late March than early February," he says. Looking over at emerging markets, Christian says monetary authorities are suggesting higher interest rates in EM nations in order to support tumbling currencies. "I'm not really sure that solves the problem," he says. Christian adds that the issues in emerging economies will unlikely lead to a 'full blown crisis.' Christian also discusses cash crunch concerns in China and the future of Indian gold import restrictions. Tune in now for a more in-depth look into the gold market with Jeffrey Christian. Kitco News </span></div>
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<br />abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-90303700585752647152014-01-20T12:02:00.000-08:002014-01-30T12:10:44.879-08:00Germany Has Recovered A Paltry 5 Tons Of Gold From The NY Fed After One Year<div style="background-color: white; font-family: 'Lucida Grande', Verdana, sans-serif; font-size: 13px; line-height: 17.328125px; margin-bottom: 0.75em; margin-top: 0.25em; text-align: justify;">
<span style="font-size: 11px; text-align: start;">Submitted by </span><a href="http://www.zerohedge.com/users/tyler-durden" style="color: #666666; font-size: 11px; text-align: start; text-decoration: none;">Tyler Durden</a><span style="font-size: 11px; text-align: start;"> on 01/19/2014</span><br /><br />On December 24, <a href="http://www.zerohedge.com/news/2013-12-24/year-later-bundesbank-has-repatriated-only-37-tons-gold-700-total" style="color: #666666; text-decoration: none;">we posted an update </a>on Germany's gold repatriation process: a year <a href="http://www.zerohedge.com/news/2013-01-16/bundesbank-official-statement-gold-repatriation" style="color: #666666; text-decoration: none;">after the Bundesbank announced </a>its stunning decision, driven by <a href="http://www.zerohedge.com/news/2012-11-09/exclusive-bank-england-fed-no-indication-should-course-be-given-bundesbank" style="color: #666666; text-decoration: none;">Zero Hedge revelations</a>, to repatriate 674 tons of gold from the New York Fed and the French Central Bank, it had managed to transfer a paltry 37 tons. This amount represents just 5% of the stated target, and was well below the 84 tons that the Bundesbank would need to transport each year to collect the 674 tons ratably over the 8 year interval between 2013 and 2020. The release of these numbers promptly angered Germans, and led to the rise of numerous allegations that the reason why the transfer is taking so long is that the gold simply is not in the possession of the offshore custodians, having been leased, or worse, sold without any formal or informal announcement. However, what will certainly not help mute "conspiracy theorists" is today's update from <a href="http://www.welt.de/wirtschaft/article123988843/Die-ganze-Wahrheit-ueber-das-Gold-der-Bundesbank.html" style="color: #666666; text-decoration: none;">today's edition of Die Welt</a>,<strong> in which we learn that only a tiny 5 tons of gold were sent from the NY Fed. The rest came from Paris.</strong></div>
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As <a href="http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.welt.de%2Fwirtschaft%2Farticle123988843%2FDie-ganze-Wahrheit-ueber-das-Gold-der-Bundesbank.html" style="color: #666666; text-decoration: none;">Welt states</a>, "<em>Konnten die Amerikaner nicht mehr liefern, weil sie die bei der Federal Reserve of New York eingelagerten gut 1500 Tonnen längst verscherbelt haben?"</em> Or, in English, did the US sell Germany's gold? Maybe. The official explanation was as follows: "<strong>The Bundesbank explained [the low amount of US gold] by saying that the transports from Paris are simpler and therefore were able to start quickly</strong>." Additionally, the Bundesbank had the "support" of the BIS "which has organized more gold shifts already for other central banks and has appropriate experience - only after months of preparation and safety could transports start with truck and plane." That would be the same BIS that in 2011 <a href="http://www.bloomberg.com/news/2011-07-11/central-bank-gold-withdrawals-from-bis-most-in-at-least-8-years.html" style="color: #666666; text-decoration: none;">lent out a record 632 tons </a>of gold...</div>
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Going back to the main explanation, we wonder: how exactly is a gold transport "simpler" because it originates in Paris and not in New York? Or does the NY Fed gold travel by car along the bottom of the Atlantic, and is French gold transported by a Vespa scooter out of the country?</div>
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Supposedly, there was another reason: "The bullion stored in Paris already has the elongated shape with beveled edges of the "London Good Delivery" standard. The bars in the basement of the Fed on the other hand have a previously common form. They will need to be remelted [to LGD standard]. And the capacity of smelters are just limited."</div>
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So... New York Fed-held gold is not London Good Delivery, and there is a bottleneck in remelting capacity? You don't say...</div>
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Furthermore, Welt goes on to "debunk" various "conspiracy websites" that the reason why the gold is being melted is not to cover up some shortage (and to scrap serial numbers), but that the gold is exactly the same gold as before. Finally, to silences all skeptics, the Bundesbank says that "there is no reason for complaint - the weight and purity of the gold bars were consistent with the books match." In conclusion, Welt reports that in 2014 "larger transport volumes" can be expected from New York: between 30 and 50 tons.</div>
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Here we would be remiss to not point out that the reason why the German people and the Bundesbank have every reason to be skeptical is that as Zero Hedge reported exclusively in November 2012, before the Buba's shocking repatriation announcement and was the reason for the escalation in lack of faith between central banks, it was the Fed and the Bank of England who in 1968 knowingly sent Germany "bad delivery" gold. Which is why we have a feeling that the pace of gold transportation will certainly not accelerate until such time as the German people much more vocally demand an immediate transit of all their gold held at the New York Fed: after all, it's there right - surely the Bundesbank can be trusted to melt the gold (if any exists of course) into London Good Delivery or whatever format it wants.</div>
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Unless of course, the gold isn't there...<br />
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<a href="http://www.zerohedge.com/news/2014-01-19/germany-has-recovered-paltry-5-tons-gold-ny-fed-after-one-year" target="_blank">more</a> >>><br />
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abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-10704899550371487192013-11-04T08:00:00.002-08:002013-11-04T08:24:19.084-08:00The Gold is Gone - Germanys' access to its gold denied<br />
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<span style="font-family: 'Trebuchet MS', sans-serif;">Published on 15 Aug 2013 | The world is losing trust in the dollar as a safe haven. A major blow came after Germany's Bundesbank demanded the repatriation of a big chunk of its gold being held in the US. Because as RT's Gayane Chichakyan reports, some are concerned the assets of foreign nations in the Federal Reserve are not secure or even there. </span></div>
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The Germans were infuriated when the US Federal reserve didn't even let them examine their own assets properly. Peter Boehringer, the founder and chairman of 'German Precious Metal Association', says that's a bad sign.</div>
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abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-60235250882424659372013-11-03T10:00:00.000-08:002013-11-04T08:16:02.816-08:00Venezuela got their gold, why not Germany?<div style="text-align: justify;">
<span style="font-family: Trebuchet MS, sans-serif;"><b>Submitted by Ben S. on Tue, 09/10/2013 - 09:46
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<span style="font-family: Trebuchet MS, sans-serif;">I guess I missed this bit of news, but Venezuela recently got about $9 billion worth of their gold transferred from American to Venezuela.
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<span style="font-family: Trebuchet MS, sans-serif;">Germany requested an audit of their gold, which we refused, and $34 billion worth of their gold, which we said we would deliver in 7 years.
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<span style="font-family: Trebuchet MS, sans-serif;">What's up? We're not exactly best buds with Venezuela, yet we ship their gold right away. Germany isn't exactly an insignificant country, especially economically (as far as I can tell, they're pretty much funding the rest of the EU right now), but we refuse to even audit their gold holding in our country?
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<span style="font-family: Trebuchet MS, sans-serif;">Anyone have any great theories on this one? Something to do with central banks and the Fed vying for power? I thought I had a clue until I started reading about Venezuela.
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<span style="font-family: Trebuchet MS, sans-serif;">Article about <a href="http://blogs.reuters.com/great-debate/2013/03/13/what-will-become-of-chavezs-gold-hoard/" target="_blank">Venezuela gold</a>:</span></div>
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<br />abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-84193819938829206722013-11-03T09:00:00.000-08:002013-11-04T08:22:24.213-08:00Why Does Germany Want It's Gold Back?<div style="text-align: justify;">
<span style="font-family: Trebuchet MS, sans-serif;">Published on 12 Feb 2013 - This video is about, why does Germany want it's gold back from the Federal Reserve in New York - by MrEnergyCzar ?
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abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-69373248917288819132013-11-03T08:01:00.000-08:002013-11-04T08:09:46.086-08:00More And More Germans Want Their Gold Back<div style="text-align: justify;">
<span style="font-family: Trebuchet MS, sans-serif;">ADAM TAYLOR | OCT. 31, 2012,
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<span style="font-family: Trebuchet MS, sans-serif;">Germany's gold reserves are amongst the highest in the world and they have been kept almost entirely overseas due to Cold War fears of a Soviet invasion. Almost half of Germany's gold is kept in Manhattan — deep in the heart of the Financial District at the New York Fed.
But some German politicians seem to be getting uncomfortable with trusting the US with this system. They want to actually see the gold, to make sure its still there. Some even want it back. A campaign called "Bring back our Gold" was launched in May, and seems to be making an impact on mainstream politics.
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<span style="font-family: Trebuchet MS, sans-serif;">But some German politicians seem to be getting uncomfortable with trusting the US with this system. They want to actually see the gold, to make sure its still there. Some even want it back. A campaign called "Bring back our Gold" was launched in May, and seems to be making an impact on mainstream politics.
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<span style="font-family: Trebuchet MS, sans-serif;">Der Spiegel's Sven Böll and Anne Seith have published a good explainer about the situation. A large part of the movement seems to come from Peter Gauweiler, the head of the conservative Christian Social Union (CSU), who has for years demanded to know exactly where Germany's gold is (He eventually was allowed to visit the Bundesbank's domestic gold in storage in Frankfurt).
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<span style="font-family: Trebuchet MS, sans-serif;">However, what really got Guaweiler riled up was a secret report from Germany's Federal Audit Office that sternly criticized the German central bank. The report, while apparently routine, looked like a key piece of evidence to those expecting some sort of conspiracy theory. As Der Spiegel describes it:
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<span style="font-family: Trebuchet MS, sans-serif;">Indeed, the partially blacked-out report read like the prologue to an espionage thriller in which the stunned central bankers could end up standing in front of empty vaults in the US.
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<span style="font-family: Trebuchet MS, sans-serif;">Germany has almost 3,600 metric tons of gold, second only to the US. Half of that gold has been stored at the NY Fed since the late 70s, sitting fifth sub-floor of the bank's building on Liberty Street, 80 feet below street level. The Germans were not allowed to see their gold for decades, but in 2007 they were finally allowed in, and, after further inquiries, finally allowed to actually touch some of the gold in 2011.
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<span style="font-family: Trebuchet MS, sans-serif;">While this fuels conspiracy theories, it is standard practice for US gold storage institutions. The owners of the gold in Fort Knox have not seen their gold for decades. But that doesn't stop the rumors and conspiracy theories doing the rounds about missing gold, or secret agreements between the US and German governments.
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<span style="font-family: Trebuchet MS, sans-serif;">While the report was mostly calling for better measures to account for the vast amount of gold, the movement to bring it all back is large. As Der Spiegel notes, that's hugely impractical, "One cannot simply pack 1,500 tons of gold into an Airbus A380 super-jumbo jet and fly it back to Germany."
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<span style="font-family: Trebuchet MS, sans-serif;">But it wouldn't be entirely unprecedented. Ambrose Evans-Pritchard of The Telegraph notes that secret German reports have revealed that the country took two-thirds of it's gold back shortly after the start of the Euro a decade ago.
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<span style="font-family: Trebuchet MS, sans-serif;">Evans-Pritchard says that the timing of the move makes no sense on the surface — coming as the euro was at its weakest — but may have been ordered as the Bank of England was selling off its own gold and there were fears that the gold may not be clearly allocated to Germany.
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<span style="font-family: Trebuchet MS, sans-serif;"><a href="http://www.businessinsider.com/germany-wants-its-gold-back-2012-10" target="new">source here</a> >>>
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abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-44675300845812636182013-10-22T08:24:00.002-07:002013-10-22T08:24:20.149-07:00Reports Are Back, Bullish For Gold? <div style="text-align: justify;">
<span style="font-family: Trebuchet MS, sans-serif;">Published on 21 Oct 2013 | The government shutdown is over, economic reports are back on track and Gary Wagner is on Kitco News to tell Daniela Cambone what this means for gold. "[The U.S. government] hasn't solved anything and that means uncertainty," Gary says. "Uncertainty of course is a bullish factor for gold." During the government shutdown, all government reports were postponed but now that it is over, the much-anticipated jobs numbers will be released Tuesday morning. "I wouldn't even fathom to guess what the outcome might be from that," Gary says. "It's going to be an interesting week." Tune in now to hear his key support and resistance levels for gold this week. Kitco News, October 21, 2013 </span></div>
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<br />abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-9389731731257910432013-08-19T06:28:00.000-07:002013-08-19T06:28:01.475-07:00Gold Demand Trends Q2 2013<div style="text-align: justify;">
<span style="font-family: Trebuchet MS, sans-serif;">Published on 14 Aug 2013 | David Lamb, Managing Director Jewellery, talks through the findings from the Q2 2013 Gold Demand Trends report.</span></div>
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<br />abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-55588650962440900312013-08-19T06:13:00.000-07:002013-08-19T06:13:13.140-07:00Cyprus Gold Heading to China<div style="text-align: justify;">
<span style="font-family: Trebuchet MS, sans-serif;">12 Apr 2013 | Today's gold selloff is the weak hands selling in the west trying to keep the paper game going. This gold will end up in China's hands. Cyprus gold was confiscated to feed the beast. China doesn't have to do anything and they will inherit the world. Wealth is being transferred eastward. This was a coordinated sell off. First you had Goldman's call, the ECB forcing Cyprus to give up gold for 7 billion euros meanwhile the Fed is printing 85 billion a month so in 1 year the Fed is printing 100 times the bailout given to Cyprus but they are a mess and the Dow is at all time highs...such nonsense. Don't be fooled.</span></div>
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<br />abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-43764196285281604652013-06-20T09:32:00.001-07:002013-06-20T09:32:15.488-07:00The Secret World of GoldPublished on 21 Apr 2013 : Full Documentary <br />
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<br />abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-1546088286075633312013-06-20T08:07:00.002-07:002013-06-20T08:10:59.075-07:00Gold futures down on global cues, subdued domestic demand <div style="text-align: justify;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Gold prices fell 0.42% to Rs27,894 per 10 gm in futures trade on Thursday</span></span><br />
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>New Delhi</b>: Gold prices fell 0.42% to Rs27,894 per
10 gm in futures trade on Thursday as participants reduced their
positions largely in tandem with a weak trend overseas. Besides, subdued
spot demand also weighed on the prices.</span></span><br />
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">At the Multi Commodity Exchange, gold for delivery in
August contracts eased by Rs117, or 0.42%, to Rs27,894 per 10 gm in
business turnover of 1,275 lots. Likewise, the metal for delivery in
far-month October shed Rs112, or 0.40%, to Rs28,063 per 10 gm in 66
lots.</span></span><br />
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">In the spot markets, gold prices dropped by Rs80 to Rs28,400 per 10 gm in the national capital in Wednesday’s trade.</span></span><br />
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Analysts said besides subdued domestic demand, a weak trend in the overseas markets as the US Federal Reserve chairman <span class="person"><a href="http://www.livemint.com/Search/Link/Keyword/Ben%20Bernanke">Ben Bernanke</a></span>
said it could start tapering off its massive stimulus programme later
this year, mainly weighed on gold prices at futures trade in India.</span></span></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">They said, however, depreciating rupee which slumped to a
record low of 60 against the dollar, cushioned the fall as weak rupee
makes imports costlier.</span></span><br />
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Globally, gold fell 0.9% to $1,339.55 an ounce, the cheapest since 20 May in Singapore on Thursday.</span></span></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span class="display_n_media">First Published: </span>Thu, Jun 20 2013. 02 01 PM IST <a href="http://www.livemint.com/Money/f45WRVPSKoylX5FoT51WyJ/Gold-futures-down-on-global-cues-subdued-domestic-demand.html" target="_blank">source here</a></span></span></div>
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<br />abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-14815597738942150002013-04-17T14:34:00.000-07:002013-04-17T14:34:05.546-07:00$560 billion wiped of Central Banks' reserves on gold slump<div style="text-align: justify;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span class="time">Published time: April 17, 2013 11:43 </span></span></span>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><img alt="Reuters / Heinz-Peter Bader" height="224" src="http://rt.com/files/news/1e/c3/00/00/central-banks-gold-reserves-slump.si.jpg" style="float: none;" title="" width="400" /></span></span></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Gold slump has wiped $560 billion from the value of
central bank reserves after its price dropped 13% in the last two days.
Global investors are switching to equities in a bid to generate income.<br /></span></span></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Central banks own 19% of all gold mined (some 31,694.8 metric
tons) and are among the major losers from the asset price slump,
according the World Gold Council in London. Global investors have
sold gold to reinvest in riskier assets such as
equities, <span style="line-height: 1.45em;">as gold is no
longer seen as a sustainable hedge.<br /></span></span></span></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Many experts say the Western central banks have no one but
themselves to blame. Many of them, led by the US Federal Reserve
and the ECB contributed to falling gold prices in a bid to support
their domestic currencies. <br /></span></span></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Paul Craig Roberts, former Assistant Secretary of the US
Treasury and associate editor of the Wall Street Journal, dubbed
the Fed’s recent action an “assault on gold”. “<i>The Fed is
rigging the bullion market in order to protect the US dollar’s
exchange value, which is threatened by the Fed’s quantitative
easing,”</i> he wrote. <br /></span></span></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">On April 12, the Fed dumped 500 tons of naked shorts on the
market, pulling dollars out of thin air and sending gold prices
deep into the red, Dr. Paul Craig Roberts writes citing Andrew
Maguire, an independent bullion trader and a whistleblower.<br /></span></span></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Other experts noted that ECB chief’s statement that
debt-burdened Eurozone economies, such as Cyprus would have to sell
their gold reserves to keep their bailout programs afloat also
triggered the bullion price decline. <br /></span></span></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">After a steady rally for 12 years gold reached a record mark of
$1,923.70 an ounce in September 2011. Growth in world’s
leading economies along with falling global inflation boosted
equities market by $2.28 trillion in 2013 due to the traditional
store of value, according to data compiled by Bloomberg. <br /></span></span></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Investors have turned towards profit making assets, while gold
was only useful as an instrument to fight inflation and brought no
revenue. <br /></span></span></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><i>“There’s a perception that risk has been lessened, and with
that, investors are looking for assets that either generate income
or have growth potential, neither of which gold has,”</i> a market
strategist with LPL Financial Corp Anthony Valeri is quoted as
saying by Bloomberg. <i>“We’ve seen a grab for yield, and without a
yield, gold has been left out.”<br /></i></span></span></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Over the past decade Russia’s Central Bank acquired 570 metric
tonnes of gold emerging as the <a href="http://rt.com/business/russia-biggest-gold-buyer-946/" target="_blank">world’s biggest gold buyer</a>. Since 2000 when Russian
gold reserve totaled 384 metric tons the state more than doubled it
in 12 years. According to official data from World Gold Council, in
October 2012 gold made up 9.6% of Russia’s national forex reserve
and stood at 936.7 metric tons.</span></span></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /><span style="font-size: small;"><a href="http://rt.com/business/central-banks-gold-reserves-slump-000/" target="_blank">source</a> >></span><br /></span></span></div>
abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-9552470947425001452013-04-15T09:24:00.001-07:002013-04-15T09:24:14.636-07:00Gold Down!<div style="text-align: justify;">
Published on 12 Apr 2013 : Gold took a serious hit today, with prices falling well below the key, psychological level of $1500, a drop that many are calling a "game changer", at least from a technical perspective. Throughout the day, the currently volatile market took prices back above $1500 for a brief period, before dropping again.</div>
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<br />abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-82734680973532139562013-04-09T22:13:00.002-07:002013-04-09T22:13:20.854-07:00Arizona pushes to have gold as legal tender.<div class="cont-wp-mid max_width" style="-webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: white; clear: both; color: black; font-family: 'Segoe UI', 'Gill Sans Light', Helvetica; font-size: 10px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; margin: 0px 0px 20px; orphans: auto; padding: 0px; text-align: start; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: auto; width: 680.6875px; word-spacing: 0px;">
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br />Can the paper dollar be any more worthless? Some lawmakers in Arizona think so, and are hoping that gold and silver will soon be counted as legal tender.<br /></span></span></div>
<div style="-webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: white; color: black; font-family: 'Segoe UI', 'Gill Sans Light', Helvetica; font-size: 1.5em; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 1.4em; margin: 0px 0px 15px; orphans: auto; padding: 0px; text-align: start; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: auto; word-spacing: 0px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">As evident by last week’s dismal jobs report, the effects of the recession are still apparent across the United States: the labor force participation rate in the US has hit a three-decade low, and unemployment remains stagnant at close to the 8 percent mark. Fearing the dollars’ decline amid these economic woes, Arizona might become the latest state to recognize bullion — gold or silver bars — as legal tender.<br /></span></span></div>
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<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Amanda J. Crawford of Bloomberg News writes this week that Arizona might follow in the footsteps of Utah in becoming the latest state to approve bullion as currency — they made that decision back in 2011. More than a dozen other states are now looking at signing a law that would do the same, and a continuously weak economy could prompt even more to express interest.<br /><br /><a href="http://rt.com/usa/silver-currency-arizona-gold-524/" target="_blank">read more</a> >><br /><br /><br /><br /></span></span></div>
abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.comtag:blogger.com,1999:blog-6205827466754680616.post-73900574936960416492013-03-04T16:37:00.002-08:002013-03-04T16:37:51.568-08:00HSBC 'quietly' – Buy $876 Million Worth From Poland<div style="text-align: justify;">
<em><strong>HSBC Buying KGHM Silver Bars <br /></strong></em></div>
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HSBC has quietly moved into acquiring large amounts of silver bullion.<br /></div>
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The bank has secured another deal to buy silver bars from KGHM which
brings their total purchases of silver from KGHM alone in the last 12
months to $876 million or PLN 3.65 billion.<br /></div>
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KGHM is one of the largest producers of silver in the world and is the second-largest producer of refined silver in the world.<br /></div>
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They produce silver bars registered under the brand KGHM HG that are
attested to by “Good Delivery” certificates issued by the London
Bullion Market Association and the Dubai Multi Commodities Centre.</div>
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<a href="http://www.zerohedge.com/news/2013-01-23/silver-bars-being-secured-hsbc-%E2%80%93-buys-876-million-worth-poland" target="_blank">more here</a> >> </div>
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abe ma6 - anakmatlesenhttp://www.blogger.com/profile/14267755917075009170noreply@blogger.com