"Hong Kong’s net gold flow to mainland China jumped 47 percent in 2012 to a record high of 557.478 tonnes, indicating robust demand in China, which vies with India to be the world's top gold consumer. Hong Kong shipped 114.372 tonnes of gold to China in December, also a record high for monthly exports. The former British colony received 19.644 tonnes of gold from the mainland in that month." Continue reading →
"China produced the most gold in the world in 2012, making it the largest producer for the sixth straight year, latest industry association data showed. China's gold output increased 11.66 percent from a year earlier to hit a record high of 403.05 tonnes in 2012, the China Gold Association said Wednesday. The output was almost 100 times that of 1949, when the country produced just 4.07 tonnes, the association said. It attributed the increase to favorable government polices, which have put the industry on a fast track and made it a pillar industry in many of the country's gold producing areas." Continue reading →
"U.S. officials are concerned that Turkey’s gold sales, which allow Iran to export natural gas, provides a financial lifeline to Tehran, which is largely frozen out of the global banking system by Western sanctions imposed over its nuclear programme. Turkey, Iran's biggest natural gas customer, has been paying the Islamic Republic for oil and gas imports with Turkish liras, because sanctions prevent it from paying in dollars or euros. Iranians then buy gold in Turkey, and couriers carry bullion worth millions of dollars in hand luggage to Dubai, where it can be sold for foreign currency or shipped to Iran." Continue reading →
"Iranians continued to purchase gold from every available centers on fears about it's economy, particularly the risk of soaring inflation and a wobbly currency. Worries about the declining buying power of the rial and doubts over the currency’s stability are the main drivers behind the flight to gold. Due to sanctions, Iranians have no choice but to invest in gold coins as they can't move their capital and invest in other countries. Treasured as a store of value, Iran’s gold coins, minted over centuries, are also culturally important. Produced by the Central Bank of Iran, a standard gold coin weighs 8.133 grams. It is also sold in smaller denominations." Continue reading →
"Demand for gold and silver coins is raging, and given the weak outlook for paper currencies, investors should hold on to these coins, says star investor Jim Rogers, chairman of Rogers Holdings. Gold coin sales hit a 19-month high last month, while silver eagle sales climbed to a record peak. 'You can’t get [silver coins]. They sell out,' Rogers tells Yahoo. 'Several mints have run out of coins, … because everybody’s worried about the future of the world.' Rogers says he 'wouldn’t rush in right now' to buy more coins, but would consider purchasing gold if prices fall further." Continue reading →
These are by no means all the reviews of Sen. Rand Paul’s foreign policy speech at Heritage last week, but they are particularly noteworthy. I categorized the best I could. Glowing praise: The Washington Times editorial thought it was an important speech that stressed the desperate need to reexamine US foreign policy. The Washington Times [...]
"Karl Hess was a noted speechwriter (for Barry Goldwater among others) and author, and later in his life became known as a tax resister and market anarchist. In this video from a Libertarian International conference in Stockholm in 1986, Hess speaks about everything from his time as a speechwriter for Barry Goldwater to Euclid, the impending collapse of global communism, children's education in America, the dawn of the personal computer, new management styles in business (he somewhat accurately predicts the way Google treats its employees based on Cray Supercomputers' management style at the time), and several other fascinating topics." Continue reading →
On Sat. Feb. 23rd at the Oklahoma State Capitol, we will have an opportunity to assemble and to demonstrate those numbers and make it very clear to our elected representatives that Oklahomans expect their privacy rights to be respected! Continue reading →
"Senior members of President Barack Obama’s administration want to put the mastermind of last month’s attack on an Algerian natural-gas facility on a secret 'kill' list, The Wall Street Journal reported. Adding Algerian militant Mokhtar Belmokhtar to a US list for targeted killing would entail a significant US military expansion into northwestern Africa, the newspaper said, citing unnamed US officials. It would mean extending drone strikes and other lethal counterterrorism operations to the region, the paper added." Continue reading →
"President Barack Obama is facing a liberal backlash over his hardline national security policy, which critics say is more extreme and conservative than that pursued by George W Bush. The outrage comes after a week in which Obama’s nominee to be the next head of the CIA, current White House adviser John Brennan, faced a grilling from the Senate intelligence committee over his enthusiastic support of using unmanned drones to strike suspected Islamic militants all over the globe." Continue reading →