Cyprus Gold Heading to China

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.

10 Countries With Largest Gold Reserves

Published on Jan 26, 2013 : Presenting 10 countries whose vaults are positively overflowing with gold.

IRAN SAYS “GOLD IS MONEY”

by Louis James

Economic crises signal that the current system isn’t working as expected and needs improvement. When it comes to monetary systems, questioning their fundamentals can lead to doubts about whether the preferred medium of exchange will continue to be preferred for long. The large-scale whirlwind of economic trouble around the globe has pushed some to rethink the role of gold in the economy – and to actually move toward bringing it back.

A month ago, a rumor that India is going to pay in gold for oil imported from sanction-struck Iran sent shockwaves through the markets. It was no small deal, both in principle and volume: India is one of Iran’s largest oil buyers, responsible for about 22 percent of total exports and worth about US$12 billion per year. China is next with 13 percent, and Japan is third with about ten. All of them are having a hard time dealing with Iranian oil imports, as the country is under sanctions caused by Western fears regarding its nuclear program.

Then an Israeli news site claimed exclusive knowledge of a possible workaround between India and Iran: settling the purchases in gold. Indian government officials refused to comment, which added to the speculation.

On the surface, the arrangement looked like a great way to settle the purchases via a stable medium: Iranian currency, the rial, is not widely used outside its border, and gold’s inherent anonymity would have provided a perfect way to avoid unnecessary attention from the global community. Ironically, it was precisely the fact that the settlement was planned in gold that attracted so much attention.

It proved to be nothing but a rumor, however: the sides decided to arrange the deal in a more tactical manner. India will partly cover the purchases with its own currency, and Iran will later use those funds to acquire imports.

But gold is not out of the equation yet. The US-initiated sanctions were effective, at least in the sense of making international institutions avoid the pariah nation. Reuters reported that Iran has failed to organize imports of even basic food staples for its population of 74 million. Prices on local markets rose sharply; and as the country neared parliamentary elections on March 2, the government was taking radical steps to provide citizens with basic necessities. One of those unconventional solutions was offering gold as barter for food.

Full report :

Gold Rush Hits US House Parties

Uploaded by VOAvideo on 15 Nov 2011 - As world financial markets rise and fall, interest in gold holds fast. As interest in buying gold has spread, so has the popularity of gold parties, where participants sell their golden treasures and walk away with cash. 

Gold Chart - Last 10 years

the USA dollar since sept 2001 is now worth only 14.3 cents , when compared to the price of gold over the last ten years , clearly the entire world no longer trusts nor wants the USA dollar.

Gold Chart - Last 10 years

USD & World Trade - The Theft Under Our Nose.

The US have stole the world resources by giving valueless paper in return. They stole at least USD 14 trillon worth of world resources and still the world is missing the plot. USD14 trillion is USA's total debt as at May 2011 and its growing at USD1 trillion p.a This means every year USA steals USD1 trillion worth of our resources under our nose by printing paper currency and the world is still blind to the theft.

If only the Muslim world wakes up. If only the Muslim world finds an alternative other than USD in trades between itself. It will begin to at least stop some of the thieving. If only the Muslim world becomes a common market. In trades with non Muslim countries it can first try barter trade. When that limit has been reached exchange of each others currencies. And when forced then can use yuan or euro cautiously lest they become another USD. Muslim intellect must sit and discuss solutions to this problem.

But this will never happen when we have Muslim nations in blind support of the US. Much of these nations' investments are in the US including real property. It is difficult to dethrone the USD in the light of such fundamental compromises of principles.

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Why Gold Is Going Higher?

While there are many reasons that gold and silver are going to keep moving higher as the fiat currencies trend lower, at our recent Casey Research Summit in Boca Raton, faculty member Mike Maloney pointed out a fact that, while obvious in hindsight, I had never heard mentioned previously.

Namely that during the last major precious metals bull market in the 1970s, only about 10% of the world could own gold – either due to legal restrictions or a lack of liquid capital.

Today, few countries prohibit gold ownership, and a far higher percentage of the world’s population has transitioned out of poverty.

China provides the most germane example, having legalized gold and silver ownership for private citizens in 2004, and through the explosive growth in national GDP that has caused Chinese gold purchases to skyrocket.

Confirming the point, the following is an excerpt from a recent Wall Street Journal article:

 Read full report :

Russia Says IMF Chief Jailed For Discovering All US Gold Is Gone.

May 31, 2011: Sorcha Faal, and as reported to her Western Subscribers

A new report prepared for Prime Minister Putin by the Federal Security Service (FSB) says that former International Monetary Fund (IMF) Chief Dominique Strauss-Kahn [photo with Putin top left] was charged and jailed in the US for sex crimes on May 14^th after his discovery that all of the gold held in the United States Bullion Depository located at Fort Knox [photo 2^nd left] was ‘missing and/or unaccounted’ for. 

According to this FSB secret report, Strauss-Kahn had become “increasingly concerned” earlier this month after the United States began “stalling” its pledged delivery to the IMF of 191.3 tons of gold agreed to under the Second Amendment of the Articles of Agreement signed by the Executive Board in April 1978 that were to be sold to fund what are called Special Drawing Rights (SDRs) as an alternative to what are called reserve currencies. 

This FSB report further states that upon Strauss-Kahn raising his concerns with American government officials close to President Obama he was ‘contacted’ by ‘rogue elements’ within the Central Intelligence Agency (CIA) who provided him ‘firm evidence’ that all of the gold reported to be held by the US ‘was gone’.

Upon Strauss-Kahn receiving the CIA evidence, this report continues, he made immediate arrangements to leave the US for Paris, but when contacted by agents working for France’s General Directorate for External Security (DGSE) that American authorities were seeking his capture he fled to New York City’s JFK airport following these agents directive not to take his cell-phone because US police could track his exact location. 

Once Strauss-Kahn was safely boarded on an Air France flight to Paris, however, this FSB report says he made a ‘fatal mistake’ by calling the hotel from a phone on the plane and asking them to forwarded the cell-phone he had been told to leave behind to his French residence, after which US agents were able to track and apprehend him.

Gold holds gains as Ireland worry eases

(Reuters) - Gold prices steadied on Friday, holding onto gains from the previous session, as a cure is seen imminent for Ireland's debt crisis, which helped boost the euro.

Ireland insisted on Thursday its low rate of corporation tax was "non-negotiable" as it discusses an aid package worth tens of billions of euros from European partners and the IMF for its shattered banks.

Spot gold was little changed at $1,352.94 an ounce by 0341 GMT, on course for a 0.8-percent weekly decline.

U.S. gold futures was trading at $1,352.6.

Investors are closely watching China's monetary policy maneuver, after talks of an imminent rate hike have been circulating and caused sell-off in commodities earlier in the week.

By Rujun Shen - SINGAPORE | Thu Nov 18, 2010 : Read Full Post

Gold surge - US & Russia..

RT | October, 2010, 10:21

The gold price has surged over the course of this year to beyond $1320 an ounce, with investor interest growing as concerns about currencies mount.

Gold futures, warrants, gold exchange traded funds, gold-mining shares – there are many ways invest in gold. But none offer the sheer sense of possession that having a bar in your hands does. Otkryitie analyst, Vladimir Savov says this can allow investors to strip out thinking about company management and hedge books, and simply focus on price.

Gold and Silver Are Sounding The Alarm!

Precious Metal Profits Will Be Epic!- October 15, 2010

KELANTAN LAUNCHES DINAR & DIRHAM ON 12TH AUGUST 2010

Kelantan Gold Dinar Trade:

This is the first time in the last 100 years, since the fall of the Ottoman Caliphate, when a Muslim government introduces Shariah Currency.  Indeed there has been four generations of Muslims who have not seen Gold Dinar and Silver Dirham; four generations of Muslims who have been divided into little national reservations and sentenced to permanent robbery first by local, then by international Masters of Riba; four generations of Muslims who haven’t known what is their Deen.  The introduction of Gold Dinar and Silver Dirham in the state of Kelantan is not a new idea or experiment, it is the return to the medium of exchange that has been known for 1400 years throughout Dar al-Islam as Money of Shariah taking its legislation from Allah’s Revelation and Rasul’s Sunnah.

Link - Launch of the world Islamic Currency : Shaykh Dr Abdalqadir Assufi

Gold Stocks versus Gold Bullion

Steve Saville  |  email: sas888_hk@yahoo.com  |  Feb 2, 2010

Below is an excerpt from a commentary originally posted at www.speculative-investor.com on 31st January, 2010.

It is widely believed that gold stocks offer leveraged exposure to changes in the gold price, but this belief is false. At least, the historical record suggests that it is false on a long-term basis. As evidence we include, below, a chart of the BGMI/gold ratio covering the past 50 years (BGMI is short for Barrons Gold Mining Index).