• Monetary Metals
    01/28/2015 - 00:28
    It’s terrifying how fast the whole Swiss yield curve sank under the waterline of zero. Now even the 15-year bond has negative interest. The franc has reached the end.

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Cyber Attacks Growing In Frequency – Entire Western Financial System Is Vulnerable





The threat posed by cyber war to our increasingly complicated, technologically dependent and vulnerable financial institutions, markets, banks and indeed deposits becomes more clear by the day. Fail to prepare ... prepare to fail ...

 
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Currency Wars - Russia Buys 20.7 Tonnes Of Gold In December; Netherlands Refutes IMF Gold Data





Given that Russia perceives itself to be under financial and economic attack from the West, there is the possibility that they are accumulating more gold than they are declaring officially to the IMF.

De Nederlandsche Bank, the Dutch central bank has denied reports in Reuters, Bloomberg and picked up by GoldCore, that the bank had increased its gold holdings for the first time in sixteen years. IMF data had shown that the Dutch had increased their holdings to 622.08 tonnes.

 
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Euro Gold Surges To EUR 1,168 As SYRIZA Threaten TROIKA





Calling all Greeks - now would be a good time to protect your self from TROIKA bail-ins and deposit confiscation. Also, protect against possible return to drachma. Greeks will soon learn value of a real safe haven 

 
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QE…D: Why Printing Money will end badly for the US





So who pays? Someone has to, you can not just create money out of thin air. The answer is “we do, you and I”, in the form of a devalued: currency, diminished savings and devaluing pensions.

You are witness to possibly the greatest economic slight of hand ever perpetuated on a people, when the long gaze of history looks at this decision, deflation fears will not be part of the final analysis, arrogance, stupidity and theft will be.

 
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Gold Surges 3% in Euro Terms as ECB To Print Trillion Euros





Gold in euros surged 3% yesterday after Mario Draghi unveiled his QE 'bazooka' as the ECB announced it’s €1 trillion quantitative easing (QE) experiment. The possibility of the very sharp, abrupt spike in gold prices in euro, dollars and all fiat currencies - akin to the Swiss franc move last week - is a real one. 

 
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Draghi's Trillion Euro 'Bazooka' and SNB Shock Is ‘Icing On Cake’ For Gold





Who will ultimately benefit from the action? Will it be the people of Europe or only the mega-rich? For whom, we have continuously pointed out QE has greatly benefitted and as Alan Greenspan recently pointed out – QE has been a “terrific success.” The intensification of currency debasement and currency wars shows the increasing importance of owning physical gold coins and bars.

 
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Bundesbank Announces Repatriation of 120 Tonnes of Gold from Paris and New York Federal Reserve





The Bundesbank, Germany’s powerful central bank, announced very publicly this morning the further repatriation of some of it’s gold being held in foreign locations – namely in Paris and New York with the Bank of France and the Federal Reserve.

 
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Market Chaos as Swiss Franc Surges 30% In 13 Minutes, Gold Rises Sharply





Chaos was seen in financial markets today as participants were thrown a curveball with the SNB 'reset'. In just 13 minutes, from 0930 to 0952 BST, the franc collapsed by 30%. Swiss shares fell more than 12% - their largest crash since 1987. Stock markets around Europe fell with investors buying "safe haven" assets such as German bunds and gold bullion ...

 
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Oil Collapses and Copper Crashes 8% in Day - Great Recession Cometh?





At the very least, the ‘great recession’ seems likely to continue. A serious recession or depression will likely collapse the already fragile banking system, especially in Europe, and the savings of ordinary people and companies will become exposed to bail-ins.

 
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Gold In Euros Up 7.2% In 2 Weeks – Surges Over EUR 1,050 Per Ounce





Gold has surged 7.2% already in January, outperforming gold in dollars which is up 4.8%, and building on the 12% gains seen in 2014. Market participants are increasing allocations to gold in order to hedge a ‘Grexit’ and risks posed by euro money printing.

 
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OUTLOOK 2015 – Uncertainty, Volatility, Possible Reset – DIVERSIFY





  • Global Debt Crisis II – Total Global Debt to GDP Ratio Over 300% - Risk of Bail-Ins in 2015 and Beyond - Currency and Gold Wars - $1 Quadrillion “Weapons of Mass Destruction” Derivatives - Cold War II and New World Order as China and Russia Flex Geopolitical Muscles - Enter The Dragon – Paradigm Shift of China Gold Demand - Forecast 2015: None. Forecast 2020: Gold $2,500/oz and Silver $150/oz
 
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Savage Slaughter In Paris Underlines West and Freedom Itself Vulnerable





The attacks pose threats to our already under attack freedoms - freedom of the press, freedom of privacy, freedom of religion, freedom of conscience, freedom of speech, expression and thought. Unless as a race we change direction - the prospect for greater instability in the form of terrorism and war in the near future is very high ...

 
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Bitcoin Exchange Hacked - Cyber Attacks Show Increasing Technology and Finance Risk





Technology is a great enabler. But it can also be a great disabler ... Cyber and technology risk is another reason to own physical bullion - either in your possession or in an allocated and segregated manner, in the safest vaults, in the safest jurisdictions in the world.

 
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‘Grexit’ Risk and Lehman Collapse Concerns See Euro Gold at 1,020 Per Ounce





Gold will protect from currency devaluations – whether that be in the form of the euro itself being devalued or in the form of reversions to drachmas, escudos, pesetas and punts and subsequent devaluations.

 
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