Precious Metals

Polish Gold to be Repatriated?

"Poland currently owns around 109 tons of gold deposited abroad. Most of the reserves are stored in the UK. In the face of financial crisis, every major country should keep gold within easy reach. Therefore, the Polish gold should return to their homeland – say the initiators of the 'Give Us Our ​​Gold'. The vast majority of Polish gold reserves are currently at the Bank of England, and went there before the Second World War. In order to put pressure on the Polish National Bank, advocates have launched an action entitled. 'Give Us Our gold'. Among the partners are the Mises Institute of Poland. Organizers cite the example of Germany, which has decided to bring its provisions into the country." Continue reading →

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‘Like the end of a dream’: Family finds $300K in gold off Florida coast

"A Florida family of self-described treasure hunters brought home the proverbial big score on Monday after recovering gold and jewelry estimated to be worth about $300,000, the Orlando Tribune reported. The collected haul — five gold coins, a gold ring and 64 feet of gold chain — has been traced back to a Spanish fleet of ships that was almost completely destroyed off of the Florida coast in July 1715 by a freak hurricane. The storm is blamed for the deaths of 1,000 people, and the region, located off the coast of Fort Pierce, is known as the Treasure Coast." Continue reading →

Continue Reading‘Like the end of a dream’: Family finds $300K in gold off Florida coast

Bill Bonner: When Gold Will Really Start to Glitter

"After telling readers how awful it was, now the mainstream press is back to neutral on gold. Barron's recently ran an article titled 'Gold Regains Its Glitter'. Markets make opinions. Gold is up about 17% from its June low. Opinions on it are becoming more favourable. But you ain't seen nothin' yet. The central banks of the major developed economies are engaged in massive debt monetization (aka 'QE'). If they all start to taper their bond buying, they risk resurrecting the calamity they're trying to avoid - a deflationary depression (at least in their minds). So, they've got to keep going. The markets...and the economy...depend on it. You wanna see something really glitter? Just wait! " Continue reading →

Continue ReadingBill Bonner: When Gold Will Really Start to Glitter

Goldman Sachs Buys Gold; Tells Public to Sell

"Gold declined sharply in early April. That’s when Goldman Sachs issued a “sell” signal Then Goldman began quietly to buy shares of GLD, the ETF for gold. It now owns 3.7 million shares. It looked like a great call. The rubes who believed the report shorted gold. They made money. Briefly. Gold continued downward, bottoming at $1192 in on June 28. Meanwhile, Goldman was buying gold all the way down. Now gold is around $1400, and Goldman is sitting on a pile of shares of GLD, bought at rock-bottom prices. Watch what they do, not what they say." Continue reading →

Continue ReadingGoldman Sachs Buys Gold; Tells Public to Sell

Alaskan gold miners cry foul over ‘heavy-handed’ EPA raids

"When agents with the Alaska Environmental Crimes Task Force surged out of the wilderness around the remote community of Chicken wearing body armor and jackets emblazoned with POLICE in big, bold letters, local placer miners didn’t quite know what to think. Did it really take eight armed men and a squad-size display of paramilitary force to check for dirty water? Some of the miners, who run small businesses, say they felt intimidated. Others wonder if the actions of the agents put everyone at risk. How is a remote placer miner to know the people in the jackets saying POLICE really are police?" Continue reading →

Continue ReadingAlaskan gold miners cry foul over ‘heavy-handed’ EPA raids

Gold and Syria

"We are confronting authoritarians with such an appetite for power that they become afraid to wield it for fear of losing it. It is a subject fit for a Dostoevsky or Shakespeare. It was a cause for rejoicing when the British Parliament refused the Queen’s Prime Minister authority to let slip the dogs of war on Syria. It was the first such refusal since 1782 when, incidentally, Parliament voted down further war against the rebellious American colonies. It will be a welcome sign of a dawning realization that the U.S. Empire has exhausted itself financially and in folly if the House refuses to pass Obama’s Syrian war resolution. But if it does approve another front in the U.S. Mideast war, buy gold with both hands." Continue reading →

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Marc Faber: “Western Imperial Arrogance Will Ignite Middle-East ‘Powder-Keg’”

"When asked what is the catalyst for the crash he expects in US equity markets (following crashes in various markets around the world), he shocks a stunned anchor looking at equity markets near all-time highs with some ugly truths - 'interest rates are no longer a tail-wind, earnings growth is not there, and emerging economies are collapsing (so no global growth).' However, with asset allocators 'swimming in the pool of liquidity' it is hard to say 'when' it will occur especially as money floods out of EM markets. Critically though, it is Syria (and the spillover) that has Faber most concerned; as he concludes that Western governments 'meddling' is 'going to be a disaster.'" Continue reading →

Continue ReadingMarc Faber: “Western Imperial Arrogance Will Ignite Middle-East ‘Powder-Keg’”

Bitcoin in India: Drivers and Barriers to Adoption

"Bitcoin’s growth in 2013 has accelerated tremendously, driven largely by economic concerns which bitcoin is uniquely positioned to solve. This has been evidenced so far this year by conditions in Cyprus, China and Argentina, and has highlighted bitcoin’s potential in less developed nations likeKenya as well. All of the countries listed above are known for high inflation rates, strict capital controls, or a combination of both – a scenario that is beginning to unfold in India. This analysis will address India’s current economic climate and the factors that would affect the population’s propensity to adopt bitcoin on a large scale." Continue reading →

Continue ReadingBitcoin in India: Drivers and Barriers to Adoption

Bitcoin in India: Drivers and Barriers to Adoption

"Bitcoin’s growth in 2013 has accelerated tremendously, driven largely by economic concerns which bitcoin is uniquely positioned to solve. This has been evidenced so far this year by conditions in Cyprus, China and Argentina, and has highlighted bitcoin’s potential in less developed nations likeKenya as well. All of the countries listed above are known for high inflation rates, strict capital controls, or a combination of both – a scenario that is beginning to unfold in India. This analysis will address India’s current economic climate and the factors that would affect the population’s propensity to adopt bitcoin on a large scale." Continue reading →

Continue ReadingBitcoin in India: Drivers and Barriers to Adoption

Bitcoin in India: Drivers and Barriers to Adoption

"Bitcoin’s growth in 2013 has accelerated tremendously, driven largely by economic concerns which bitcoin is uniquely positioned to solve. This has been evidenced so far this year by conditions in Cyprus, China and Argentina, and has highlighted bitcoin’s potential in less developed nations likeKenya as well. All of the countries listed above are known for high inflation rates, strict capital controls, or a combination of both – a scenario that is beginning to unfold in India. This analysis will address India’s current economic climate and the factors that would affect the population’s propensity to adopt bitcoin on a large scale." Continue reading →

Continue ReadingBitcoin in India: Drivers and Barriers to Adoption