"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 →
"I tell you what, with every day that goes by it begins to look more real. It’s almost as if there is this massive attempt to make us all give up our freedom. To make us all surrender our liberty. To make us all sign up to a system where they (central planners) can monitor our emails. Where they can, effectively, monitor and censor what we say, what we’re allowed to read, and what we’re allowed to hear. They are leading much of the Western world towards bankruptcy. I just think there must be people sitting there in Singapore, India, in China, and they must be laughing their socks off." Continue reading →
"Result? A tiny bit closer to the real world that sits behind the abstract lists. Tungsten? These photos we've seen just only represent a tiny proportion of the number of the bars out there, so it's still possible - but the main problem is that as more details emerge through study, the conspiracy theories can only be taken with increasing amounts of salt. For example, these folk (talking about ZJ6752) were deadly serious at the time they did the audio. Real question is; how many more similar stories can also be solved through the knowledge of just a few additional facts?" Continue reading →
"High prices for scrap metal has resulted in more than cultural vandalism such as the theft of a £500,000 Barbara Hepworth statute from Dulwich Park – it is putting innocent people's lives in danger. Last month, 80 operations, including eight for people with cancer, were cancelled at Llandough Hospital in Wales after 100m of cabling was stolen from a generator. Eight people have been killed trying to steal copper from electricity substations in the last year alone. The fact that there is a significant cash element makes metal theft an easy option for criminals – and it robs the Treasury of significant revenues." Continue reading →
"The United Nations is once again making it harder for poor people to earn a living. In this case it is the small gold miners that use mercury to help them sift for gold. While the UN provides the requisite disclaimers having to do with finding 'alternatives' to mercury for small miners, we wonder how much they'll cost. Additionally, we note this latest attack on people's ability to make a living excludes Big Pharma: Mercury will continue to find its way into vaccines because there are currently 'no mercury-free alternatives.' Amazing, isn't it, the concern that the UN shows for multi-billion dollar corporations?" Continue reading →
"Modern day prospectors head north to claim gold hidden beneath the ocean." Continue reading →