Netherlands

Tyler Durden's picture

"Gold Is A 6,000 Year Old Bubble" - Citi's Dutch Strategist Throws Up All Over Gold, Days After Dutch Gold Repatriation





"Gold is the world’s most persistent bubble: 6,000 years old and going strong" - Citigroup's Willem Buiter.

Dear Willem, thank you for that valiant effort. After reading a few thousands words of shallow propaganda we understand your "confusion": our advice, if you want to understand what gold really is, read the following from Kyle Bass: "Buying gold is just buying a put against the idiocy of the political cycle. It's That Simple." Because if there is a bubble that is even bigger and longer than the "6000-year-old gold bubble" it is that of human corruption, greed, and idiocy. And that doesn't even include the stupidity of those who don't grasp this simple truth.

 
Sprott Money's picture

A Tidal Wave of Gold Repatriations Could be Unleashed





A tidal wave of gold repatriations may have begun. As speculated in my last post, I raised a concern that should be shared with all western Central bankers…a widespread flood of countries demanding their gold back to their home soils.

 
Tyler Durden's picture

Frontrunning: November 26





  • National Guard, police curb Ferguson unrest as protests swell across U.S. (Reuters)
  • Ferguson Reaction Across U.S. Shows Complex Racial Split (BBG)
  • Democratic senator Schumer: Democrats Screwed Up By Passing Obamacare In 2010 (TPM)
  • Veto threat derails Reid tax deal (Hill)
  • Justice Department Investigating Possible HSBC Leak to Hedge Fund (WSJ)
  • Merkel hits diplomatic dead-end with Putin (Reuters), and yet...
  • Merkel Said to Reject Ukraine NATO Bid as Rousing Tension (BBG)
  • HSBC, Goldman Rigged Metals’ Prices for Years, Suit Says (BBG)
 
Tyler Durden's picture

Here Comes France: Right-Wing Leader Marine Le Pen Demands Central Bank Repatriate French Gold





First Germany, then the Netherlands, perhaps Switzerland this weekend, and now the French right-wing Front National, which shockingly came first in May's European parliament elections, and whose leader Marine Le Pen is currently polling in first place in a hypothetical presidential election (in both a first and run off round), ahead of president Hollande, has sent a letter to the governor of the French Central Bank, the Banque de France, demanding that France join the list of nations which have repatriated, or at least tried to, their gold.

 
GoldCore's picture

122 Tonnes of Gold Secretly Repatriated to Netherlands





As the debate regarding whether or not Switzerland should keep the bulk of its gold reserves at home on Swiss soil reaches it's climax - the referendum takes place on Sunday - it is telling that the Dutch announced on Friday that they have just secretly repatriated 122 tonnes of their sovereign gold reserves from New York back to Amsterdam.

 
Marc To Market's picture

Politics is Economics in the Week Ahead





The look at the drivers of next week, without using the word manipulation or conspiracy, or referring to how stupid or evil some people may or may not be. 

 
Tyler Durden's picture

Gold Repatriation Stunner: Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed





A week ago, we penned "The Real Reason Why Germany Halted Its Gold Repatriation From The NY Fed", in which we got, for the first time ever, an admission by an official source, namely the bank that knows everything that takes place in Germany - Deutsche Bank - what the real reason was for Germany's gold repatriation halt after procuring a meager 5 tons from the NY Fed. Some took offense with this pointing out, correctly, that the gold held at the NY Fed in deposit form for foreign institutions had continued to decline into 2014 even despite the alleged German halt. Well, today we finally know the answer: it wasn't Germany who was secretly withdrawing gold from the NYFed, contrary to what it had publicly disclosed. It was the Netherlands.  Why did the DNB decided it was time to cut its gold held at the NY Fed by 122 tons? "It is no longer wise to keep half of our gold in one part of the world," a DNB spokesman said.

 
Tyler Durden's picture

Debt, Propaganda And Now Deflation





Our world, our life, has been built on debt and propaganda for many years. They have kept us from noticing how poorly we are doing. But now a third element has entered the foundation of our societies, and it’s set to eat away at everything that has – barely – kept the entire edifice from crumbling apart. Deflation.

 
Tyler Durden's picture

Frontrunning: November 14





  • "The hate us for our..." Americans’ Cellphones Targeted in Secret U.S. Spy Program (WSJ)
  • Ukraine and Russia take center stage as leaders gather for G20 (Reuters)
  • Moscow and Kiev trade accusations; U.S. warns Russia against escalation (Reuters)
  • Heartland Central Banker Calls Asset Bubbles Top Concern (BBG)
  • U.S. Said to Give Banks December Deadline in FX Probe (BBG)
  • Series of Failures Enabled White House Breach, Report Finds (WSJ)
  • Yen plumbs seven-year trough on likely Japan sales tax delay (Reuters)
  • JPMorgan Chase Bankers Said to Lead Moscow Departure (BBG)
 
Tyler Durden's picture

Frontrunning: November 11





  • No Sign of Thaw in Obama’s Brief Encounters With Putin (BBG)
  • Japan Lawmakers Prepare for Snap Elections as Abe Mulls Tax (BBG)
  • Global stocks rise, Brent crude hits four-year low (Reuters)
  • U.S., China to Drop Tariffs on Range of Tech Products (WSJ)
  • ‘Too-Big-to-Fail’ Rule Would Raise Bar for Bank Capital (WSJ) ... and mean even bigger taxpayer bailouts
  • Pot in New York: $100 Ticket. No Charges. No Record. No Nothing (BBG)
  • Microsoft unveils first Lumia smartphone without Nokia name (Reuters)
  • Davos-Man Ackermann Lured to Cyprus Bank by Billionaires (BBG)
  • Alibaba, Apple Talks on Payments Tie-Up Focused on China (WSJ)
 
Tyler Durden's picture

A "Magical Fairyland" – How Global Multi-National Corporations Avoid Taxes In Luxembourg





“A Luxembourg structure is a way of stripping income from whatever country it comes from,’’ said Stephen E. Shay, a professor of international taxation at Harvard Law School and a former tax official in the U.S. Treasury Department. The Grand Duchy, he said, “combines enormous flexibility to set up tax reduction schemes, along with binding tax rulings that are unique. It’s like a magical fairyland.”

 
Tyler Durden's picture

Forget Tesla 'D' - This Is The Fastest Electric Car In The World





When we think of electric cars, probably the first thing that comes to mind is the Chevrolet Volt. But if you think electric cars still deserve consideration, take a look at the “Grimsel,” which can accelerate from 0 to 60 in 1.785 seconds, using less than 30 meters of track. That’s nearly twice as fast as Tesla’s fleet Model S P85D. And it’s record-breaking.

 
Marc To Market's picture

ECB: Everything Can't Be





What if we were as skeptical of the reports on the ECB as we are of the Fed ?

 
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