Why Should We Store our Gold Outside the Banking System ?
Published May 25, 2015 on Goldbroker
There are many risks associated with storing gold within the banking system, namely the risk of bankruptcy or government confiscation. But there is also a more complex risk related to the price manipulation.
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China Establishes World's Largest Physical Gold Fund
Published May 26, 2015 on Goldbroker
In light of such developments, it is little wonder there has been increasing chatter in recent months that Russia and China are setting the stage for a gold-backed currency, in preparation for the day the Dollar reserve hegemony finally ends.
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G7 Agree in Principle to Add Chinese Currency to IMF's SDR Basket
Published May 29, 2015 on Goldbroker
Finance chiefs from the Group of Seven industrial nations agreed on Friday that including China's renminbi in the International Monetary Fund's currency basket is desirable, but a technical review must be completed first.
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Why Russia is on A Gold Buying Spree
Published May 28, 2015 on Goldbroker
However, several entities refuse to be fooled by such "cheap" tricks. One is China, whose ravenous apetite for gold has been extensively discussed previously. The other is the Bank of Russia.
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Blowup of Gold and Silver Markets Coming
Published May 25, 2015 on YouTube
The U.S. Justice Department has recently granted UBS immunity in a criminal investigation of "manipulation of, or fraud in" the gold and silver markets. Why a serious Justice Department investigation now? Precious metals expert Bill Murphy says, "I am so skeptical after all these years, and it's a question of where they go with this."
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Currency Wars, Gold Pools, and Comex Potential Claims Per Deliverable Ounce
Published May 29, 2015 on Jessescrossroadscafe
Yes there is more gold that the 373,000 ounces currently marked for delivery in all the warehouses. But that gold is merely there in storage by its owners, so counting it towards delivery, without the prior consent of the owner, is a bit presumptuous to say the least.
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Bullish News For Precious Metals And Gold/Silver Get Paper-Smashed
Published May 26, 2015 on Investmentresearchdynamics
The big "buzz" over the weekend in the precious metals community was about the enormous short position in paper gold and silver taken by the bullion banks per the weekly COT report, published by the CFTC. The short position taken on by the big banks blew out by 54,832 contracts, which is the biggest one-week increase in history.
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Gold Smuggling at All-Time High, Seizures Total Rs 1,000cr
Published May 27, 2015 on The Times of India
For the first time in the history of gold smuggling in India, the seizure in illicit trade has crossed Rs 1,000 crore mark in one financial year with customs, police and revenue agencies seizing more than 3,500 kg of gold in 2014-15.
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The Message from Last Week's Headlines: Don't Dare Sell Your Gold!
Published May 28, 2015 on Casey Research
Have you noticed the trend in mainstream headlines over the past week? The gold price may be stagnant, but forces behind the scenes signal that something big is gelling. What conclusion would you draw from this rundown of recent headlines? China Creates Gold Investment Fund for Central Banks.
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Something BIG is About To Happen To Silver
Published May 27, 2015 on Srsroccoreport
U.S. silver bullion imports surged 44% in the first months of 2015 compared to the same period last year.
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