Each Investor Can Become His Own Central Bank
Published Nov 27, 2014 on Goldbroker by Fabrice Drouin Ristori
Interview of Fabrice Drouin Ristori (CEO GoldBroker) on paper gold, stock markets and US Dollar.
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Gold Shortage, Worst In 21st Century, Sends 1Y GOFO To Lowest Ever... And India Just Made It Worse
Published Nov 28, 2014 on Zerohedge
While we have covered the aberration that is a negative gold GOFO rate previously and in extensive detail in this post, an abridged version of what negative GOFO means comes courtesy of Deutsche Bank's recent discussion on what a successful Swiss gold referendum.
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We Are Closing In On Absolute Panic In The Gold Market
Published Nov 28, 2014 on Kingworldnews by Egon von Greyerz
In the last few weeks Swiss gold refiners have been working around the clock because of extremely strong demand from the Far East, India, and the Middle East. And they have indicated to me that they expect the strong gold buying to continue into next year. So despite the recent weakness in price, 2015 is setting up to be an explosive year for the gold market.
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Why Citi Bank Chief Economist Willem Buiter's Attack On The Swiss Gold Vote Is Gibberish
Published Nov 28, 2014 on Davidstockmanscontracorner
When even the best and brightest economists in the world are at a loss to make a reasonable argument to vote no in the upcoming referendum, it becomes abundantly clear that a “Yes” vote is the right vote. And I expect a Yes vote in the Swiss gold referendum does more to nudge humanity back on track than any other single event since the fall of the Berlin Wall.
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What a "Yes" Vote on Nov. 30 Means for Gold Investors
Published Nov 25, 2014 on Dailyreckoning
A Swiss Gold Referendum will take place on Nov. 30, 2014 - just 5 days from now. Its terms prohibit the Swiss National Bank (the central bank) from selling any gold, require the bank to purchase gold up to the level of 20% of Swiss reserves and require that all Swiss gold held abroad be returned to Switzerland.
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Grandmaster Putin's Golden Trap
Published Nov 23, 2014 on Gold-eagle
Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future. No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold.
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HSBC, Goldman Rigged Metals' Prices for Years, Suit Says
Published Nov 26, 2014 on Bloomberg
Goldman Sachs Group Inc. (GS) and HSBC Holdings Plc (HSBA) were sued in New York over claims they conspired for eight years to manipulate prices for the precious metals platinum and palladium in what plaintiffs' lawyers say is the first such class-action lawsuit in the U.S. Standard Bank Group Ltd.
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A Bank Account in Switzerland Does Not Provide Absolute Safety
Published Nov 27, 2014 on Goldbroker by Philippe Herlin
Swiss bank accounts are not absolutely safe anymore, as several clients of the Portuguese group Banco Espirito Santo are finding out at their own expense. In 2010 and 2011, important Portuguese clients were incited by their banking advisors to put their savings in their Swiss branch, dedicated to private funds management.
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Swiss, French Call to Bring Home Gold Reserves as Dutch Move 122 tons out of US
Published Nov 28, 2014 on Rt
The financial crisis in Europe is prompting some nations to repatriate their gold reserves to national vaults. The Netherlands has moved $5 billion worth of gold from New York, and some are calling for similar action from France, Switzerland, and Germany.
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The Real Reason Why The Netherlands Repatriated Its Gold
Published Nov 23, 2014 on Zerohedge
In what could definitely be called a stunning move, the Netherlands has announced it has repatriated in excess of 120 tonnes of gold from the vaults of the Federal Reserve in New York to the Dutch Central Bank in Amsterdam.
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