You are here

GATA

Subscribe to GATA feed
Updated: 5 hours 9 min ago

Maguire says HSBC will close London vaults; Celente asks where GLD metal goes

Fri, 03/06/2015 - 16:26

3:28p ET Friday, March 6, 2015

Dear Friend of GATA and Gold:

In his interview today with King World News, London metals trader Andrew Maguire adds that bullion banker HSBC is closing all seven of its gold vaults in London:

http://kingworldnews.com/andrew-maguire-smashed-gold-today-hsbc-shocks-c...

Since HSBC is custodian for the gold purportedly held by the major gold exchange-traded fund GLD, trends forecaster Gerald Celente wonders in a KWN interview what's going to happen to the metal:

http://kingworldnews.com/celente-closing-london-gold-vaults-will-shake-w...

Of course a bunch of gold vaults have opened lately in China and Singapore. Maybe they would have room -- if they don't already have the gold too.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

ADVERTISEMENT

Silver mining stock report comes with 1-ounce silver round

Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit:

http://fmturl.com/gata/


Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong Special Administrative Region, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Alasdair Macleod: The new London gold fix and China

Fri, 03/06/2015 - 15:29

2:29p ET Friday, March 6, 2015

Dear Friend of GATA and Gold:

As of March 20, when the London daily gold price fixing is democratized a little with the participation of Chinese banks and made more transparent, China will be in a position to control the price of the monetary metal, GoldMoney research director Alasdair Macleod writes today.

"What is truly amazing," Macleod writes, "is that the Western economic and political establishments have dismissed the importance of gold and ignored all the warning signals. They do not seem to realize the power they have given China and Russia to create financial chaos by simply hiking the gold price. If they do, which seems to be only a matter of time, then London's fractional-reserve system of unallocated gold accounts would simply collapse, leaving Shanghai as the only major physical market."

Macleod's commentary is headlined "The New London Gold Fix and China" and it's posted at GoldMoney here:

http://www.goldmoney.com/research/analysis/the-new-london-gold-fix-and-c...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

ADVERTISEMENT

Direct Ownership and Storage of Precious Metals
Outside the Banking System in Zurich and Singapore

Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.

Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars.

Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver.

Goldbroker.com is listed among GATA's recommended monetary metals dealers. (http://www.gata.org/node/173)

To invest or learn more, please visit:

https://www.goldbroker.com/

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Another jobs report intervention, Maguire tells KWN

Fri, 03/06/2015 - 14:00

1p ET Friday, March 6, 2015

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire tells King World News today that the usual pounding on gold following the U.S. jobs report looks like an official intervention and that a new gold exchange cutting bullion banks out of transactions will change the gold market soon. Maguire's interview is excerpted at the KWN blog here:

http://kingworldnews.com/andrew-maguire-smashed-gold-today-hsbc-shocks-c...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

ADVERTISEMENT

Buy precious metals free of value-added tax throughout Europe

Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries.

Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world.

Visit us at www.europesilverbullion.com.

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong Special Administrative Region, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Does Rob McEwen really not wonder why gold isn't at $5,000 already?

Thu, 03/05/2015 - 12:52

11:54a ET Thursday, March 5, 2015

Dear Friend of GATA and Gold:

If there's a tougher and shrewder entrepreneur and executive in the gold mining business than Rob McEwen, founder of Goldcorp and now CEO of McEwen Mining, GATA doesn't know of one. But McEwen's remarks this week at the PDAC conference in Toronto, at least as conveyed by the National Post, suggest that he's not tough and shrewd enough -- that in the crucial respect he's just like the rest of management in the gold-mining industry, unable to put 2 and 2 together even as the equation is flashing in neon lights right in front of him.

According to the National Post, whose report is appended in part below, McEwen is maintaining a prediction of a gold price of US$5,000 despite the monetary metal's poor performance in recent years.

... Dispatch continues below ...


ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

http://www.goldmoney.com/?gmrefcode=gata


Of course timing is everything and nothing else matters much, since over infinite time gold both may rise to many multiples of its current price as well as fall to zero. But according to the National Post, McEwen told the conference that gold's time is or should be now, that gold is at a "turning point" because certain prices are going wild, like a condominium in New York that recently sold for $95 million and a painting that sold for almost $330 million.

"It sends a message," McEwen is quoted as saying, "that money is not that valuable anymore."

Indeed. So if New York condos and mere paintings can rise in price to tens of millions of dollars, why hasn't gold followed along?

More to the point, why aren't McEwen and other gold mining executives even asking?

Of course GATA long has been providing the answer to gold's failure to perform as ordinarily would be expected: Largely surreptitious intervention by central banks in the gold market to suppress the monetary metal's price and thereby support government currencies and bonds and maintain government power.

The purpose, history, and much of the documentation of this longstanding central bank policy are summarized by GATA here --

http://www.gata.org/node/14839

-- while GATA's full documentation file is here:

http://www.gata.org/taxonomy/term/21

Even some central bankers themselves acknowledge such market intervention in general and call it "financial repression." Is it likely to end any time soon when even Rob McEwen can't figure it out or can't bring himself to talk about it even when he has a large audience whose livelihood is at stake?

Does McEwen deny the documentation? Or is even he too scared of the central bankers and his own company's bankers?

If he is too scared, what's the point of his being in the gold business?

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

PDAC 2015: McEwen Sticks to US$5,000 Gold Forecast

By Peter Koven
National Post, Toronto
Wednesday, March 4, 2015

Rob McEwen is sticking to his guns.

Despite the poor performance of the gold price the last two years, and predictions from numerous experts (including Goldman Sachs) that it will drop further, the famous gold entrepreneur maintains his long-held belief that bullion will head north instead -- perhaps to US$5,000 an ounce.

"I think we're at a turning point," the chief executive of McEwen Mining Inc. told investors in a luncheon presentation.

He pulled up charts showing the explosion in the U.S. monetary base since 2008, along with rising debt relative to GDP. He also noted that a New York condo recently sold for US$95 million, while a Gauguin painting sold for almost US$300 million.

"It sends a message that money is not that valuable anymore," said Mr. McEwen, who was formerly CEO of Goldcorp Inc. ...

... For the remainder of the report:

http://business.financialpost.com/2015/03/04/pdac-2015-mcewen-sticks-to-...

* * *

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

UK frauds office launches investigation into Bank of England auctions amid rigging fears

Wed, 03/04/2015 - 20:17

By Andrew Trotman and James Titcomb
The Telegraph, London
Wednesday, March 4, 2015

The Serious Fraud Office has launched an investigation into the Bank of England's money-market auctions amid fears they may have been hit by the rigging scandal that has engulfed the City.

The SFO revealed on Wednesday night that it is "investigating material referred to it by the Bank of England concerning liquidity auctions during the financial crisis in 2007 and 2008."

It is unclear whether the probe, the first targeting the Bank in the SFO's 28-year history, will focus on traders outside the BoE or officials inside the central bank. ...

... For the remainder of the report:

http://www.telegraph.co.uk/finance/economics/11450714/SFO-launches-inves...

ADVERTISEMENT

Own Allocated -- and Most Importantly --
Segregated Coins and Bars In Switzerland

Zurich, Switzerland, remains an extremely safe location for storing coins and bars of the monetary metals. If you do not own segregated physical coins and bars that you can visit, inspect, and take delivery of, you are vulnerable. International diversification remains vital to investors.

GoldCore can accomplish this for you.

Read GoldCore's "Essential Guide to Gold Storage In Switzerland" here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

Email the GoldCore team at info@goldcore.com or call our trading desk:

UK: +44 (0)203 086 9200 -- U.S.: +1-302-635-1160 -- International: +353 (0)1 632 5010


Join GATA here:

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

Vancouver Resource Investment Conference
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Gold has worked for Indians, billionaire investor Thomas Kaplan says

Wed, 03/04/2015 - 09:39

By the Press Trust of India
via The Times of India, Mumbai
Wednesday, March 4, 2015

http://economictimes.indiatimes.com/news/economy/finance/gold-has-worked...

NEW DELHI -- Telling Indians not to buy gold is like asking Americans not to consume liquor, billionaire investor Thomas Kaplan has said.

Appreciating Indians' appetite for gold, Kaplan said the precious metal has historically been a very good way to store wealth for India and pointed out that China is "specifically and overtly" encouraging its people to buy gold.

India is one of the largest consumers of gold in the world and imports as much as 800-1000 tonnes of gold each year.

... Dispatch continues below ...


ADVERTISEMENT

Get a FREE silver round JUST for being a GATA Dispatch reader!

MoneyMetals.com, a low-cost provider of gold and silver coins, rounds, and bars with more than 35,000 customers throughout the United States, proudly supports GATA.

In fact, Moneymetals.com will send every GATA supporter in the United States a FREE silver round with no obligation and no solicitations from pushy salesmen.

To get your free silver round, go to MoneyMetals.com and type "GATA" in the radio box at the top of the page. Provide your U.S. mailing address so MoneyMetals.com can ship you your free silver round and your e-mail address so MoneyMetals.com can send you educational material and news alerts about the monetary metals. That's all. Do it now, because every week MoneyMetals.com will pick one person at random from its mailing list to win free gold.

So go to --

http://MoneyMetals.com

-- and type "GATA" in the radio box at the top of the page.

"I think trying to ban gold or to ban gold imports, you know, would have about as much success as trying to tell Americans not to drink alcohol. And prohibition did not work and eventually someone had to accept the reality," he told PTI on the sidelines of a CII event when asked whether India's efforts to curb gold imports would work.

Finance Minister Arun Jaitley in Budget 2015-16 had proposed three schemes, including redeemable gold bonds and monetisation scheme, to curb gold imports and monetise large stocks of the precious metal lying idle in the country.

"The price of gold has shown that those Indians who purchased these metals over the years can look back and they can say, you know what, it worked. So, that's what known as positive reinforcement.

"If you tell people, particularly really smart people like Indians that they can't do something that has given them gratification for a very, very long time. They will find another way to get what they want," Kaplan, widely known as gold evangelist, said.

Referring in China, another huge consumer of precious metals, Kaplan said: "I was is Beijing a couple of weeks ago. The Chinese government, specifically and overtly, is encouraging its people to buy gold. They want to buy gold. China is importing almost as much gold as the world's annual production and they like India are sucking it out of West."

Kaplan, who figures in the Forbes 2015 list of world's billionaires, said that when people tell him gold and silver are commodities, he counters them saying they are currencies.

"In the world of massive money printing, they can't be debased. Gold and silver are the only financial assets that you can own that do not represent someone else' liability. When I used to explain that a decade ago, people found that whole concept to be very esoteric," he added.

Referring to the situation faced by Bank of Greece and the Royal Bank of Scotland, Kaplan said with these precious metals one does not have to worry about bankruptcy.

"Then the question is: What is the long-term price? I happen to be bullish and so I believe that the positive reinforcements that the Indians have on precious metals is going to continue," he added.

* * *

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Australian Reserve Bank reveals probe into dollar spike ahead of rate announcement

Wed, 03/04/2015 - 09:27

By Sally Rose, Jonathan Shapiro, and Gareth Hutchens
Sydney Morning Herald
Wednesday, March 4, 2015

The Australian Securities and Investments Commission is investigating suspicious trading in foreign exchange markets after the Australian dollar spiked sharply in the seconds before the Reserve Bank of Australia announced its surprise decision to hold interest rates in March.

It is the second month in a row that irregular trading has occurred in the moments before the release of the RBA's monetary policy statement.

The Australian dollar, as valued against the United States dollar, jumped 0.5 percent exactly 37 seconds before the March interest rate decision was released at 2:30 p.m. AEDT on Tuesday, sparking speculation of insider trading. ...

... For the remainder of the report:

http://www.smh.com.au/business/the-economy/reserve-bank-reveals-probe-in...

ADVERTISEMENT

Free Storage with BullionStar in Singapore Until 2016

Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter.

For more information, please visit Bullion Star here:

https://www.bullionstar.com/

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Back in 2012 Brodsky and Quaintance suspected worldwide gold redistribution

Tue, 03/03/2015 - 13:40

1:07p ET Tuesday, March 3, 2015

Dear Friend of GATA and Gold:

Recent assertions by fund manager and geopolitical analyst James G. Rickards that the United States and China are cooperating in suppressing the gold price so that China more easily may obtain enough metal to hedge its grotesque foreign exchange surplus in dollars are not necessarily the first ones along those lines.

As Rickards has held U.S. Defense Department security clearance and was the lawyer for Long-Term Capital Management during the rescue arranged by the Federal Reserve in 1998, he is always worth the closest attention and surely knows more than he can tell without breaching some confidence or even risking assassination.

... Dispatch continues below ...


ADVERTISEMENT

USAGold: Coins and bullion since 1973

USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

http://www.USAGold.com

USAGold: Great prices, quick delivery -- all the time.

But the first suggestion that central banks were working surreptitiously to redistribute the world's gold among governments as the transition to some sort of worldwide currency revaluation may have been made by our friends the economists and fund managers Paul Brodsky and Lee Quaintance, then of QB Asset Management, now of Kopernik Global Investors, whose dissertation on the issue was published in May 2012 and publicized by GATA.

Brodsky and Quaintance speculated that central banks actually want the gold price up -- way up -- at least in the long term. They wrote:

"The key to a successful transition is a credible monetary reset. Gold is the default collateral for money because it has a long and established precedent in this role. All that would be needed would be a fairly equitable distribution of gold among global monetary authorities (taking place now?), and an agreed-upon exchange rate vis-a-vis baseless paper. It would have to be an exchange rate at which central banks could successfully monetize assets by tendering for physical gold with newly manufactured paper money, an exchange rate high enough to attract enough gold to cover unreserved credit held in the banking system. It's a high figure.

"The relative cost of holding physical gold today is minimal (above-ground bullion or in-ground bullion through mining shares) against the negative real returns offered by the preponderance of financial assets in float. We suggest that one keep identities straight; invest with central banks, not against them; and consider the hollow rhetoric of the establishment that may temporarily suppress its paper price a 'gift.' They are working for physical gold holders, not against them."

Brodsky and Quaintance did not speculate as to the lifespans of the physical gold holders for whom central banks are working. (Five years? Ten? Fifty? A hundred?) Nor did they make a judgment about the vast deception and cheating such policy by central banks would entail, nor wonder why the planet should be governed so comprehensively by such secretive and undemocratic institutions, the bigger issues behind the gold price suppression scheme. But the Brodsky and Quaintance study remains compelling and can be found here:

http://www.gata.org/node/11373

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

TF Metals Report: Get ready for the Friday jobs report smashing for gold

Tue, 03/03/2015 - 13:19

12:19p ET Tuesday, March 3, 2015

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson writes today that the Comex gold futures market rigging operation seems to be setting up for another smashing of the gold price upon this Friday's release of the U.S. jobs report. Meanwhile, Ferguson adds, the pattern of rising prices in Asia followed by smashes down in London and New York -- a pattern perhaps first noted years ago by GATA's late board member Adrian Douglas -- continues. Ferguson's commentary is posted at the TF Metals Report here:

http://www.tfmetalsreport.com/blog/6658/ssdw

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

ADVERTISEMENT

Silver mining stock report comes with 1-ounce silver round

Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit:

http://fmturl.com/gata/


Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong Special Administrative Region, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Koos Jansen: Where did the gold in Fort Knox come from?

Tue, 03/03/2015 - 12:51

11:50a ET Tuesday, March 3, 2015

Dear Friend of GATA and Gold:

The impression that most of the gold in the U.S. gold reserve stored at Fort Knox originated with coin melt following the U.S. government's confiscating of privately held monetary gold in 1933 is wrong, gold researcher and GATA consultant Koos Jansen writes today. His commentary is headlined "Where Did the Gold In Fort Knox Come From? Part I" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/koos-jansen/gold-fort-knox-come-part-o...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

ADVERTISEMENT

Direct Ownership and Storage of Precious Metals
Outside the Banking System in Zurich and Singapore

Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.

Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars.

Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver.

Goldbroker.com is listed among GATA's recommended monetary metals dealers. (http://www.gata.org/node/173)

To invest or learn more, please visit:

https://www.goldbroker.com/

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Jim Rickards: Why the U.S. is helping China accumulate gold

Tue, 03/03/2015 - 08:59

8a ET Tuesday, March 3, 2015

Dear Friend of GATA and Gold:

Writing for the Daily Reckoning, fund manager, economist, author, and newsletter writer James G. Rickards elaborates on his oft-expressed view that gold price suppression by central banks lately has been an arrangement between the U.S. and Chinese governments by which the latter hedges its grotesque foreign exchange surplus of dollars in advance of a devaluation and an international currency reset. Rickards' commentary is headlined "Why the U.S. Is Helping China Accumulate Gold" and it's posted at the Daily Reckoning here:

http://dailyreckoning.com/u-s-helping-china-accumulate-gold/

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

ADVERTISEMENT

Buy precious metals free of value-added tax throughout Europe

Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries.

Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world.

Visit us at www.europesilverbullion.com.

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong Special Administrative Region, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Gold repatriation movement is far broader than generally understood

Mon, 03/02/2015 - 23:27

10:27p ET Monday, March 2, 2015

Dear Friend of GATA and Gold:

Peter Boehringer, leader of the gold repatriation movement in Germany, remarks in an interview with the SGT Report that many more countries are trying to repatriate their foreign-vaulted gold than is generally understood. In the interview Boehringer describes those movements as well as Germany's. The interview is a half-hour long and can be heard at the SGT Report's Internet site here:

http://sgtreport.com/2015/03/gone-gold-the-powerful-story-of-repatriatio...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

ADVERTISEMENT

Buy precious metals free of value-added tax throughout Europe

Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries.

Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world.

Visit us at www.europesilverbullion.com.

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong Special Administrative Region, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Bankrupt purport to rescue other bankrupts, Embry tells KWN

Mon, 03/02/2015 - 14:48

1:45p ET Monday, March 2, 2015

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry, interviewed by King World News, says bankrupt nations now are purporting to rescue other bankrupt nations while unpayable debt builds in the United States. There will be either hyperinflation or a catastrophic debt deflation, Embry adds. His interview is excerpted at the KWN blog here:

http://kingworldnews.com/50-year-veteran-warns-no-way-world-heads-next-c...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

ADVERTISEMENT

Buy precious metals free of value-added tax throughout Europe

Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries.

Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world.

Visit us at www.europesilverbullion.com.

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong Special Administrative Region, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Lawrence Williams: Could China actually have 30,000 tonnes of gold in reserves?

Mon, 03/02/2015 - 00:05

11:05p ET Sunday, March 1, 2015

Dear Friend of GATA and Gold:

MineWeb's Lawrence Williams tonight examines informed speculation that China could have not just more gold reserves than the 1,055 tonnes reported to the International Monetary Fund but as much as 29,000 tonnes more, accumulated to give international respectability to the nation's as yet not fully convertible currency. Williams' commentary is headlined "Could China Actually Have 30,000 Tonnes of Gold in Reserves?" and it's posted at MineWeb here:

http://www.mineweb.com/news/gold/could-china-actually-have-30000-tonnes-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

ADVERTISEMENT

Get a FREE silver round JUST for being a GATA Dispatch reader!

MoneyMetals.com, a low-cost provider of gold and silver coins, rounds, and bars with more than 35,000 customers throughout the United States, proudly supports GATA.

In fact, Moneymetals.com will send every GATA supporter in the United States a FREE silver round with no obligation and no solicitations from pushy salesmen.

To get your free silver round, go to MoneyMetals.com and type "GATA" in the radio box at the top of the page. Provide your U.S. mailing address so MoneyMetals.com can ship you your free silver round and your e-mail address so MoneyMetals.com can send you educational material and news alerts about the monetary metals. That's all. Do it now, because every week MoneyMetals.com will pick one person at random from its mailing list to win free gold.

So go to --

http://MoneyMetals.com

-- and type "GATA" in the radio box at the top of the page.

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Are markets really bigger than governments? Don't count on it

Sun, 03/01/2015 - 23:20

10:45p ET Sunday, March 1, 2015

Dear Friend of GATA and Gold:

Swiss gold fund manager Egon von Greyerz tonight tells King World News that hyperinflation has begun to take hold in especially troubled nations and will take hold in Europe and the United States as Western central banks resort to negative interest rates to support asset prices.

Von Greyerz also predicts that market forces will overwhelm manipulation of markets by governments. "Over time," he says, "markets are bigger than any government or group of governments."

Your secretary/treasurer hopes so but isn't sure of that.

For markets are certainly not bigger than totalitarian governments that are ready to suppress them by force, as the Nazi regime in Germany did as World War II went against it in early 1943. As is recounted in the history of the Berlin Boerse --

http://www.boerse-berlin.com/index.php/Boerse_Berlin/History

-- "On 13 February 1943 exchange trading with continuous quotation comes to a halt. Shortly afterward a government act rules that the Reichswirtschaftsminister will be responsible for fixing the prices for securities. The exchange thus loses its economic significance. It stays open in this amputated form until 18 May 1945."

... Dispatch continues below ...


ADVERTISEMENT

Get a FREE silver round JUST for being a GATA Dispatch reader!

MoneyMetals.com, a low-cost provider of gold and silver coins, rounds, and bars with more than 35,000 customers throughout the United States, proudly supports GATA.

In fact, Moneymetals.com will send every GATA supporter in the United States a FREE silver round with no obligation and no solicitations from pushy salesmen.

To get your free silver round, go to MoneyMetals.com and type "GATA" in the radio box at the top of the page. Provide your U.S. mailing address so MoneyMetals.com can ship you your free silver round and your e-mail address so MoneyMetals.com can send you educational material and news alerts about the monetary metals. That's all. Do it now, because every week MoneyMetals.com will pick one person at random from its mailing list to win free gold.

So go to --

http://MoneyMetals.com

-- and type "GATA" in the radio box at the top of the page.

If the Nazis had invented not just the V-2 rocket, the Tiger tank, and the jet fighter plane but also high-frequency trading and derivatives, they might have sustained the illusion of "continuous quotation" on the Berlin Boerse even after the leveling of Berlin. Hell, with HFT and derivatives they might have won the war.

Of course markets were defeated for more than 70 years by communism in the Soviet Union. ("We pretend to work," Russians said sardonically about their system, "and they pretend to pay us.")

During World War II even the government of the United States, the country that had boasted the world's strongest market system, took control of most major markets by rigging interest rates and imposing rationing and wage and price controls. Even now, though the shooting wars under way are isolated, Western central banks are openly engaging in "financial repression" with interest rates and surreptitiously engaging in "financial repression" with the monetary metals, and even respectable people are talking about the possibility of capital controls, another mechanism for destroying markets.

Indeed, at GATA's Washington conference eight years ago central bank intervention was already so obvious that a mere high school graduate noted that "the main purpose of central banking now is to prevent ordinary markets from happening at all":

http://www.gata.org/node/6241

That is, these days "Reichswirtschaftsminister" might as well translate to "executive vice president for market operations of the Federal Reserve Bank of New York."

If the law criminalizes markets or authorizes the government to rig them -- as law in the United States long has done, as with the Gold Reserve Act of 1934, the Trading with the Enemy Act of 1917, and the International Emergency Economic Powers Act of 1977 -- and if this official market rigging is upheld by the courts and enforced by the police and the military, just how are markets supposed to reassert themselves?

Could markets ever reassert themselves in Western welfare states where about half the population now receives some form of transfer payments or income support from the government? Is there still any constituency in those countries for the free markets that made Western civilization superior? Or would free markets threaten too many established interests where so many people are ready to settle for central planning by an unelected elite in the hope of a stultifying security?

Your secretary/treasurer doesn't know. He thinks that the best that can be hoped for is just that, hastened by clamor like GATA's, the market riggers can be forced to show their hand -- forced to do their rigging in the open, with guns drawn -- as surreptitious rigging, rigging that seeks to deceive mere traders, increasingly fails and produces shortages (commodities whose prices have been suppressed below the cost of production) and idle surpluses (government bonds that only central banks will buy).

Of course such circumstances have developed already. But when the guns are drawn at last maybe even the Financial Times will have to take notice.

Von Greyerz's interview is excerpted at the King World News blog here:

http://kingworldnews.com/man-predicted-collapse-euro-swiss-franc-warns-n...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Indian government moves to paperize gold and call it monetization

Sat, 02/28/2015 - 11:11

Union Budget 2015-16 Proposes Steps to Monetise Gold, Contain Imports

By the Press Trust of India
via The Hindu, Chennai
Saturday, February 28, 2015

http://www.thehindu.com/business/budget/union-budget-201516-proposes-ste...

To curb gold imports and monetise large idle stocks of the precious metal, Finance Minister Arun Jaitley today announced three schemes, including redeemable gold bonds which will carry a fixed rate of interest.

The minister proposes to introduce a gold monetisation scheme, which will replace both the present gold deposit and gold metal loan schemes.

"The new scheme will allow the depositors of gold to earn interest in their metal accounts and the jewellers to obtain loans in their metal account. Banks and other dealers would also be able to monetize this gold," Mr. Jaitley said in his budget speech. ...

... Dispatch continues below ...


ADVERTISEMENT

Free Storage with BullionStar in Singapore Until 2016

Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter.

For more information, please visit Bullion Star here:

https://www.bullionstar.com/

India is one of the largest consumers of gold in the world and imports as much as 800-1,000 tonnes of gold each year.

Though stocks of gold in India are estimated to be over 20,000 tonnes, mostly this gold is neither traded nor monetised, the Finance Minister said.

He also proposed to develop an alternate financial asset, a sovereign gold bond, as an alternative to purchasing metal gold.

"The bonds will carry a fixed rate of interest and also be redeemable in cash in terms of the face value of the gold, at the time of redemption by the holder of the bond," he said.

The move would also help in containing trade deficit and current account deficit (CAD), the net difference between outflows and inflows of foreign currencies. It had peaked to 6.7 per cent of GDP in the third quarter of 2012-13.

He added that the government would commence work on developing an Indian gold coin, which will carry the Ashok Chakra on its face.

The coin would help reduce the demand for coins minted outside India and also help to recycle the gold available in the country, he added.

As per the Economic Survey, the CAD is expected to fall below 1 per cent in the next fiscal on the back of easing of global commodity prices including petroleum products.

Gold imports in January has declined to 38 tonnes from 142 tonnes in April 2014. In 2012-13, the country had imported 845 tonnes.

Reduction in gold imports has brought down the trade deficit to $118.37 billion during April-January this fiscal.

* * *

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

China is about to overthrow London in gold trading, Maguire tells KWN

Fri, 02/27/2015 - 17:11

4:10p ET Friday, February 27, 2015

Dear Friend of GATA and Gold:

The King World News Internet site seems to have returned to operation with an interview with London metals trader Andrew Maguire.

Having inserted its government-owned banks into the new London gold price fixing system, China will overthrow the London bullion banks with a new gold exchange that cuts the banks out of any privileged position in the market, Maguire says. He predicts that as the London market loses pricing power, the bullion banks operating there no longer will be able to deliver real metal and will be forced to settle contracts in cash. An excerpt from Maguire's interview is posted at the KWN blog here:

http://kingworldnews.com/andrew-maguire-lbma-paper-ponzi-crushed-gold-si...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

ADVERTISEMENT

Own Allocated -- and Most Importantly --
Segregated Coins and Bars In Switzerland

Zurich, Switzerland, remains an extremely safe location for storing coins and bars of the monetary metals. If you do not own segregated physical coins and bars that you can visit, inspect, and take delivery of, you are vulnerable. International diversification remains vital to investors.

GoldCore can accomplish this for you.

Read GoldCore's "Essential Guide to Gold Storage In Switzerland" here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

Email the GoldCore team at info@goldcore.com or call our trading desk:

UK: +44 (0)203 086 9200 -- U.S.: +1-302-635-1160 -- International: +353 (0)1 632 5010


Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

China plans yuan-denominated gold fix this year, sources tell Reuters

Fri, 02/27/2015 - 15:36

By A. Ananthalakshmi
Reuters
Friday, February 27, 2015

SINGAPORE -- China plans to launch a yuan-denominated gold fix this year to be set through trading on an exchange, sources familiar with the matter said, as the world's second-biggest bullion consumer seeks to gain more say over the pricing of the precious metal.

The Chinese benchmark would be derived from a new 1-kilogram contract to be launched on the state-run Shanghai Gold Exchange, a senior source directly involved in the process told Reuters.

China, also the top producer of gold, feels that its market weight should entitle it to be a price-setter for bullion and it is asserting itself at a time when the established benchmark, the century-old London fix, is under scrutiny because of alleged price-manipulation. ...

... For the remainder of the report:

http://www.reuters.com/article/2015/02/27/gold-china-fix-idUSL4N0W04Z220...

ADVERTISEMENT

Direct Ownership and Storage of Precious Metals
Outside the Banking System in Zurich and Singapore

Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.

Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars.

Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver.

Goldbroker.com is listed among GATA's recommended monetary metals dealers. (http://www.gata.org/node/173)

To invest or learn more, please visit:

https://www.goldbroker.com/

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Maguire discusses wild leverage in metals, says London fixes soon will be obsolete

Fri, 02/27/2015 - 15:03

2p ET Friday, February 27, 2015

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson today interviews London metals trader Andrew Maguire about the wild leverage used by bullion banks in suppressing gold and silver prices. Also discussed is a new 23-hour worldwide gold exchange that Maguire expects will make the twice-daily London gold price fixes obsolete. Maguire's interview is 46 minutes long and can be heard at the TF Metals Report here:

http://www.tfmetalsreport.com/podcast/6650/big-changes-coming-global-gol...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

ADVERTISEMENT

Direct Ownership and Storage of Precious Metals
Outside the Banking System in Zurich and Singapore

Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.

Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars.

Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver.

Goldbroker.com is listed among GATA's recommended monetary metals dealers. (http://www.gata.org/node/173)

To invest or learn more, please visit:

https://www.goldbroker.com/

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Alasdair Macleod: The euro may be riskier than you think

Fri, 02/27/2015 - 14:12

1:10p ET Friday, February 27, 2015

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod writes today that Greece and the European Union are both in terribly weak positions relative to the other and that this may bear more heavily than expected on the euro, which has no long history and thus less credibility than other currencies. Macleod's commentary is headlined "The Euro May Be Riskier Than You Think" and it's posted at GoldMoney here:

http://www.goldmoney.com/research/analysis/the-euro-may-be-riskier-than-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

ADVERTISEMENT

Anglo Far-East: Think Outside the BankAnglo Far-East is a global market leader and innovator that for more than two decades has provided private purchase, vaulting, security logistics, transport, and liquidation of allocated gold and silver bullion outside of the banking system. AFE clients include individuals, family offices, and institutions like banks and regulated funds.

Here's what one of our generationally wealthy clients has to say about AFE:

http://www.afeallocatedcustody.com/research/teleconferences/download-inf...

To get started, please visit:

https://secure.anglofareast.com/

Anglo Far-East: Think Outside the Bank

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015

http://www.mininginvestmentasia.com/

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong Special Administrative Region, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Pages

Disclaimer: You, and only you, are responsible for your actions.

Do your research well.

 

Copyleft: Feel free to redistribute as you please. Give credit where credit is due.

You can't own someone else's thoughts.

 

 

Sitemap

NT4B Update

Get email updates when new content is published!

BullionStar

BullionStar, Bullion, Star, Singapore, Gold, Silver

Best of the Web