Cyprus, Deposits Confiscation and a Collapsing Dollar
Published Apr 4, 2013 on Goldbroker
As the Troika's (IMF, ECB, EU) decision to tax Cypriot depositors has started a generalised panic movement among European savers, the Fed is, at the same time, orchestrating a downward manipulation of gold and silver spot prices in order to maintain trust in the dollar and, more globally, in the whole monetary system.
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There is no reason for investors in gold and silver to be nervous
Published Apr 5, 2013 on Goldbroker
Gold is down and investors are nervous. We have to ask ourselves, have any of the fundamentals changed? The answer is no, they haven’t. Government deficits are still increasing at an alarming rate, and world debt is at $220 trillion. In fact, world debt has tripled in the last 10 years.
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Insured Deposits Under 100,000 : a Myth
Published Apr 4, 2013 on Goldbroker
Today’s news takes the place of yesterday’s news and, already, there’s less talk about Cyprus in the media. They would even have us believe the bulk of the crisis is behind us, since there hasn’t been the expected bank run when these reopened. Well... that’s only because the restrictions have been maintained!
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A historic moment for gold
Published Apr 3, 2013 on Moneyweek
Dear readers ask about gold. Is it time to sell? To buy? To forget about it? Gold fell $25 yesterday; it now stands at $1,575. The price could break all the way down to $1,000. But we don't expect it. Gold is not in a bubble.
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This Will Create The Mother Of All Financial Crises
Published Apr 5, 2013 on Kingworldnews
Jim Sinclair spoke about what he believes will create the “Mother of all financial crises.” He also discussed the coming collapse and the desperate government intervention taking place in key markets.
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Doug Casey: All Banks Are Bankrupt | Casey Research
Published Apr 3, 2013 on Caseyresearch
Cyprus crisis could be the spark that ignites the keg of dynamite under the current financial system. All banks, all around the world, are bankrupt, and have been for years. That's because all the world's banks run on a fractional reserve basis.
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Fed shorting gold to support dollar, former Assistant Treasury Secretary Roberts says | Gold Anti-Trust Action Committee
Published Mar 31, 2013 on Gata
Interviewed this week by Chris Waltzek of GoldSeek Radio, former U.S. Assistant Treasury Secretary Paul Craig Roberts says he believes the Federal Reserve is surreptitiously shorting gold to support the dollar in the Fed's low-interest-rate environment, which ordinarily would weaken the currency.
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BOJ to pump $1.4 trillion into economy in unprecedented stimulus
Published Apr 4, 2013 on Reuters
The Bank of Japan unleashed the world's most intense burst of monetary stimulus on Thursday, promising to inject about $1.4 trillion into the economy in less than two years, a radical gamble that sent the yen reeling and bond yields to record lows.
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Largest Dutch bank defaults on physical gold deliveries to customers
Published Apr 3, 2013 on Examiner
Last week, a rubicon was crossed in the precious metals market as one of the largest banks in Europe defaulted on their gold contracts, and informed their customers there was no physical gold available for delivery.
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How much gold is there in the world?
Published Apr 4, 2013 on Bbc
Imagine if you were a super-villain who had taken control of all the world's gold, and had decided to melt it down to make a cube. How long would the sides be? Hundreds of metres, thousands even? Actually, it's unlikely to be anything like that size.
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