My Blog
Published Oct 25, 2012 on Kingworldnews
Turk added, "Half of the gold they (the Germans) leased themselves. The other half of Germany's gold hoard was eventually leased into the market as well through complicated swaps with the US. But the reality is that as of 2001, all of that German gold was gone.
Read article
The Germans Are Coming for Their Gold
Published Oct 18, 2012 on Cnbc
A German federal court has said that country’s central bank should conduct annual audits and physically inspect its gold reserves worldwide, including gold in the custody of the Federal Reserve Bank of New York. In addition to the FRBNY, Bundesbank gold is stored in London, Paris and Frankfurt.
Read article
China knows that gold is rigged
Published Oct 24, 2012 on Marketwatch
It is an open secret among precious metals analysts and traders that the gold and silver markets are being heavily manipulated, mostly to the downside; i.e. their prices are being suppressed by various Western financial entities in what should be a scandal much bigger than the Libor rigging scheme.
Read article
China Silver Demand to Climb to Record
Published Oct 25, 2012 on Businessweek
Bloomberg News Silver demand in China, the world's second-largest user, is set to jump as much as 10 percent next year to a record as investors look to preserve wealth, according to Beijing Antaike Information Development Co.
Read article
Change in spread management by bullion banks will send gold prices to $3,500-12,400 says Jim Sinclair
Published Oct 21, 2012 on Arabianmoney
'Mr. Gold' of the 1970s, Jim Sinclair, the one-time adviser to the Hunt Brothers who cornered the silver market then is flagging up an imminent change in the way the bullion banks manage their spreads, something he feels is inevitable from his own long experience of the business.
Read article