Archive - 2014 - Blog entry

And Hand Over Power to Giant Multinational Corporations

Now this is scary...

The Chinese Gold & Silver Exchange Society is prepared to spend at least HK$ 1 billion to set up a gold vaulting warehouse in mainland China that will be able to store a massive 1,500 tonnes of gold. Owning gold directly and in a fully allocated, fully segregated account and with an ability to take delivery remains vital.

Inquiring fringe lunatic low brows want to know...

Society is about to turn decidedly against the Bankers

Since when did the people at the top have even the slightest inkling about what the poor people down below, the ones that we have trampled on, might be in need of to help them get out of the poverty that is entrenching their lives?

To express any uncertainty whatsoever was, and still is, considered a sure sign of weakness and will never be entertained. This belief is nearly universally held and is of course promoted by all self proclaimed authorities.

Not a word about soaring prices and higher rates that have pushed median-priced homes beyond the reach of hardworking Americans

BANZAI7 BEVERAGE SPEW WARNING!

While the majority of the demand is from Asia itself, there is a percentage of the flow that is of western investors seeking to own gold outside the banking system, in what they perceive to be safer jurisdictions, in allocated gold accounts in Hong Kong and Singapore.

Rates to remain low for longer.  Tapering exit strategy is high.  Sorry, folks,it was never QE-infinity despite its open-ended nature.

You know what’s it like, the driver stands there in front of the car that has just hit you up the back while looking at something happening down the street rather than checking on you hitting your breaks…and yet, he says “sorry, but you stopped too quickly, it wasn’t my bad driving”.

Statist Hypocrisy ...

The Gold Sector is Not the Only Sector That looks to be Turning

Celente again warned of the economic parallels with the 1930’s and said that we are again seeing recession and depressions, currency wars, trade wars and that this would lead to actual wars. His free webinar and Q & A tomorrow will look at ways to protect yourself from these risks in 2014 and beyond.