WEEK IN REVIEW: May 4-10

The SDR, Gold and China
Published May 3, 2015 on Goldbroker by Dan Popescu

Gold has been and still is a de facto currency of last resort. When everything else fails gold shines again. In addition, both China and Russia are preparing themselves for the possible collapse of the present monetary system by buying as much gold as possible.

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China's Gold to Come to Light After Six Years of Mystery?
Published May 4, 2015 on Casey Research

How much gold does China have in its stash of reserves? Now that's a million dollar question. Or a "million ounce" question. It may be answered by this autumn, according to a recent report from Bloomberg. Why all the secrecy? China hasn't published its gold reserves since 2009 when it had 1,054 metric tons.

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Gold Withdrawals From NY Fed Vault Refuse To Stop: 200 Tons Of Gold Repatriated In Past Year
Published May 4, 2015 on Zerohedge

We can officially confirm that the gold redemptions from the world's (allegedly) largest gold vault have continued, and another 10 tons of gold was put on a ship (or plane) in March in an unknown direction.

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Big Picture View of the Dow/Gold Ratio
Published May 6, 2015 on Goldbroker by Nick Laird

Here's the big picture view of the Dow/Gold ratio. Here I speculate that the Dow/Gold ratio is going to repeat a similar trend as seen in 1977-1980 where after a bounce the Dow/Gold ratio then fell from 10:1 down almost to a Dow/Gold ratio of 1:1 Here's a short term view showing the next possible leg down.

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Is Russia Moving to a Gold-Backed Currency?
Published May 3, 2015 on Wealthdaily

According to IMF statistics, Russia is the 5th largest holder of gold, not including the IMF itself. China is just behind Russia, but it would probably jump up the ladder if it reported its true gold reserves.

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Why Central Banks Hate Physical, Love "Earmarked" Gold, And What Is The Difference
Published May 4, 2015 on Zerohedge

Until the advent of the BIS, gold held by central banks came in one version. Physical. It was only after the BIS arrived on the scene did gold's macabre doppelganger, so-called paper, registered or "earmarked", gold emerge for the first time.

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What Happens When You Hand Over Your Gold To The Bank Of England For "Safekeeping"
Published May 4, 2015 on Zerohedge

The Czechoslovaks’ faith in the probity of the BIS and the Bank of England was tragically misplaced. The gold was sacrificed, with barely a second thought, to the needs of transnational finance and the Third Reich.

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Buy Silver or You Will Die!
Published May 6, 2015 on Casey Research

Silver is so embedded in modern life that you do not go one day without using a product made with or by silver. It’s everywhere, even if you don’t see it.

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Pirate Captain Kidd's 'Treasure' Found In Madagascar
Published May 6, 2015 on BBC News

Underwater explorers in Madagascar say they have discovered treasure belonging to the notorious 17th-Century Scottish pirate William Kidd. A 50kg (7st 9lb) silver bar was brought to shore on Thursday on the island of Sainte Marie, from what is thought to be the wreck of the Adventure Galley.

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