Gold – Page 4

Can’t keep Indians from their gold

Julia Dixon on January 5, 2013

In 2011 Indian’s imported a record 969 tons of gold. Imports have more than doubled since 2008.

In India gold is still seen as money and is commonly purchased for savings. According to the All India Gems & Jewellery Trade Federation “In a country like India, there is no scheme for social security, and investment in gold is like social security.”

As the rupee weakens and the country’s current account deficit grows, 80% is attributed to gold imports, the Indian government is trying a number of methods to reduce demand. But try as they might, they can’t seem to keep Indians from their gold.

Fiat vs Gold vs Bitcoin, 2012 Charts and Rankings

Julia Dixon on January 5, 2013

Have look at how gold and Bitcoin performed in 2012 with charts stats from Run to Gold, Priced in Gold, GoldSilver.com and more.

Jim Willie: The Coming Isolation of the US Dollar

Julia Dixon on December 29, 2012

“The typical human reaction to any infection, vermin, danger, or toxicity is to stand back, to isolate the agent, to trap it, to prevent its further spread or release, then to remove it in a safe secure way if possible using trained professionals. Eventually decisions must be made on the level of acceptable risk on the removal, like what is willing to be lost or damaged or killed in the process. Risk analysis, cost trade-offs, and minimization decisions must be evaluated and executed. The toxic agent in global trade, global banking, and global bond market is the USDollar. In 2009, the Jackass began making a certain firm point. Those nations that depart from the entire USDollar system early will be the leading nations in the next chapter, with stronger foundations, richer solvency, emerging economies, healthier financial markets, efficient credit engines, growing wealth, stronger political helm activity, and better functioning systems generally.“

Economic Policy Journal: 50 Reasons For The Separation of Money & State

Julia Dixon on December 24, 2012

The Economic Policy Journal’s Chris Rossini list “50 thoughts to help reach a very important conclusion: That money must be completely severed from State control. Our economic lives literally depend on it.” Read More about Economic Policy Journal: 50 Reasons For The Separation of Money & State

Central Bank of Russia issues gold and silver bullion pieces that ‘must be accepted’ as legal tender

Julia Dixon on December 20, 2012

On the 17^th the bank issued three values of bullion:

31.1g silver pieces with a 3RUB face value
7.78g gold pieces with 50RUB face
15.55g gold pieces with a 100RUB face value

These bullion pieces are legal tender in the Russian Federation.

GATA’s Chris Powell explains the importance of gold price manipulation

Julia Dixon on December 20, 2012

“It’s the destruction of markets and it’s the manipulation of the value of all capital, labour and goods and services in the world.“

In a recent appearance on RT’s Capital Account GATA’s Chris Powell gave an excellent explanation of why market manipulation is an important issue.

“What they are doing is really [trying] to seize control of everything economic in the world. And really surreptitiously behind peoples backs. It’s an essentially tyrannical system, that is what we are trying to expose. “

Blanchard Vault makes gold and silver ownership affordable

Julia Dixon on December 15, 2012

Blanchard Vault Inc is a new precious metals dealer based in Nevada that aims to provide “U.S. residents with an efficient and liquid way to buy, own and sell physical, 100% fine gold and silver bullion.”

Gold and silver purchased through Blanchard Vault are stored in 1-kilogram (32.15 oz) gold bars and 1,000 ounce silver bars. Customers can purchase an entire bar or a fraction of a bar, from as little as $25.

“Powered by Monetas”

Julia Dixon on December 10, 2012

Monetas is building software for a decentralized financial and legal system that is less dependent on traditional bankers and lawyers.

The business’ founders, Chris Odom (Fellow Traveler) and Johann Gevers aim to make this ‘financial system 2.0’ possible by developing commercial versions of the Open Transactions digital finance library. This software will allow digital finance entrepreneurs to startup micropayment services, financial markets, community currencies, escrow services, and many others all without depending on the traditional banking or legal system.

Johann, Monetas’ CEO, recently shared with me his thoughts on finance, his belief in decentralized systems and his plans for Monetas.

Read More about “Powered by Monetas”

Euro Pacific Bank Reduces its Gold and Silver Selling Fee from 4% to 0.5%

Julia Dixon on December 9, 2012

This is good news for customers using the bank’s gold or silver backed debit cards.

Currently, to use these cards you need to have a USD account with the bank and fund this account by selling your gold/silver. This fee reduction means it’s more economically viable for clients to sell their metals and load up their cards.

Korea buys gold to help it deal with “the international financial environment”

Julia Dixon on December 7, 2012

Central banks in the east, particularly china, have been increasing their gold stock for years. And now it seems Korea is joining the party as it purchased 14 tonnes of gold in November. This increases it gold reserves to 84.4 tonnes likely raising its ranking among central banks from 40th to 36th.