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ISIS Unveils Its New Gold-Backed Currency

November 13, 2014 Comments off

infowars.com

ISIS releases details of its new currency with golden 1 & 5 dinar, silver 1, 5, 10 dirham and copper 10 & 20 fils

Adopting a gold standard will shut down the printing presses and not allow the financial elite to manipulate the money supply and perpetuate the fractional reserve scam which is a monumental form of embezzlement and thievery.

It turns out the ISIS scam driving the war machine of the state may also serve the propaganda purposes of the financial elite and the central bankers.

The terrorists, beheaders and crucifiers are adopting a gold standard.

ISIS releases details of its new currancy with golden 1 & 5 dinar, silver 1, 5, 10 dirham and copper 10 & 20 fils

From The Daily Mail earlier this week:

While ISIS has yet to confirm the introduction of its currency, social media is awash with claims that leading religious figures announced the plans during recent prayers in Mosul and Nineveh province.

It is believed the terror outfit wants to

Full Article Here

Silver Sales Surge

November 5, 2014 Comments off

China’s gold import surge

December 20, 2013 Comments off

ft.com

The Chinese state could be behind a surge in bullion imports that will see China overtake India as the world’s largest consumer of gold, according to one of the sector’s most influential investors.

Evy Hambro, chief investment officer of BlackRock’s Natural Resources Equity team, said the investment community had been surprised by the amount of gold flowing into China given its position as the world’s biggest gold producer.

“The total amount of gold being consumed in China is a gigantic quantum and you have to wonder where that gold is going,” he said in an interview with the Financial Times. “Is it going on to wrists, ears and necks or is it going into state reserves?”

The People’s Bank of China has not provided an update on its bullion reserves since 2009, when it reported a holding of 1,054 tonnes. But the suspicion among some analysts is that China’s central bank has purchased up to 300 tonnes of gold this year.

If there was “clarity” on imports, Mr Hambro said it could provide a prop for the gold price, which has fallen sharply this year.

“I think we will need some clarity and that will really set the tone for gold in China in 2014,” he said. ”If it does start to show that some of it has gone into state hands that will be very supportive for the gold market.”

Bullion has lost more than a quarter of its value this year, falling from

Full Article Here

Gold Sellers in Houston Must Submit to Fingerprints and Mugshots

February 12, 2013 Comments off

infowars.com

Instead of reducing crime, the new law will instead put a damper on the sale of gold, silver and other precious metals

Last week the Houston City Council passed an ordinance requiring people who sell precious metals to be fingerprinted and photographed.

According to KTRK-TV, the ordinance is “meant to help track down criminals who try to resell stolen valuables. Gold-buying businesses will now be required to photograph and fingerprint sellers as well as photograph the items that are being sold to the dealer.” In other words, citizens who sell gold will be considered criminals until they demonstrate otherwise.

“It’s going to allow us the tools necessary to combat a lot of the high-end jewelry thefts that’s going on in the city, whether it’s robberies or burglaries,” Houston Police Officer Rick Barajas told the news station last Wednesday.

Audi S8s, Shelby Mustangs, BMW M5s, Dodge Chargers and Honda S2000 roadsters are stolen thousands of times a year and yet people who own them are not required by government to be fingerprinted and photographed in Read more…

Silver at four-month high amid QE3 hopes

September 3, 2012 Comments off

Financial Times

Silver price

Silver prices touched their highest level in more than four months on Monday as the prospect of a fresh bout of quantitative easing from the US Federal Reserve rekindled interest in the precious metal.

Investors have largely shunned silver this year after being burnt by a year of wild price swings that saw it touch a 30-year high in April 2011 before plunging nearly 35 per cent in a fortnight.

But silver, whose primary use is industrial despite a recent surge in investor demand, has jumped 15.8 per cent in price in the past three weeks and on Monday peaked at $32.20 a troy ounce.

The gains have outpaced those of gold,

which has risen just 5.2 per cent over the same period.

The “mint ratio” between the two precious metals, a favorite trade of hedge funds and other investors, has moved 9 per cent in silver’s favour since mid-August – the first time silver has outperformed Read more…

Silver prices jump, playing catch-up to gold

February 29, 2012 1 comment

star-telegram.com

Silver prices shot up 4.5 percent Tuesday, playing catch-up to gold.
Silver is both a precious and an industrial metal. Traders can buy it to hedge against a volatile stock market, as they do with gold. But it can also be used to make products like computer chips, meaning prices can rise when traders expect demand from manufacturers to go up.
In March contracts, silver rose $1.616 to $37.14 per ounce. It’s up roughly 10 percent from where it was a year ago.
Sterling Smith, senior market analyst at Country Hedging in St. Paul, Minn., said part of the reason silver is surging is that traders believe it’s Read more…

Silver to Explode Upward … Regretfully, Most Will Miss out on This Next Great Wave of Wealth Creation

January 18, 2012 Comments off

sacbee.com

HOLLYWOOD, Fla., Jan. 18, 2012  /PRNewswire/ — At Smith McKenna, precious metals trading advisors, Steve Smith, CEO, has been accurately forecasting gold, silver, copper and other precious metals commodities trends for decades. “The latest movements in spot prices in copper and silver were totally predictable, considering the time of year and the projected demands. 2012 will be a huge wealth creating opportunity, if you’re positioned correctly,” exclaims Steve.

“All leading manufacturing Data calls for an end to the GLOBAL SLOWDOWN and a boom in CAPITAL INVESTMENTS thru-out the word,” explains Stephen Smith. Further, “Global consumption will empty all above ground supplies of Silver within the next 36 to 48 months.” The secret, when realized, will take prices to the stratosphere. Smith McKenna is calling for Silver to hit $50 oz. 1st Qtr. 2012, $75 mid 2012, and $150 by year end.

The precious metals sage warns, “Don’t be fooled into buying gold or silver ETF’s, Certificates, and Mining Stocks. You must own the physical asset. But, Don’t buy anything until you have all the information! You Must First Have Accurate Investing Information and Know How to Use It to be a Successful Gold, Silver and Other Precious Metals Investor.”

Steve Smith so much believes that knowledge is the key to profitable investing, that he is giving away a FREE Book, to the first 100 people that just ask for it. Go to www.smithmckenna.com/free-book/, and simply fill out the request form. He also makes available, free of charge, his weekly investing calendar to the public on the Smith McKenna website.

In The First Few Days Of 2012, US Mint Sells More Silver Than In Most Months Of 2011

January 11, 2012 Comments off

zerohedge.com

In the first few days of 2012, the US mint has already sold 4.3 million ounces in silver coins. This is more than in all individual months of 2011 except for January and September, when the mint sold 6.4 million and 4.5 million ounces. Is the retail love affair with physical silver coming back with a vengeance?

2012:

2011: Read more…

Why Has Gold Been Down?

January 6, 2012 Comments off

caseyresearch.com

In spite of some short-term fixes, there remains no real resolution to the sovereign debt issues in many European countries. We’re certainly not spending less money in the US, and now we’re bailing out Europe via currency swaps with the European Central Bank. Shouldn’t gold be rising?

Yes, but nothing happens in a vacuum. There are some simple explanations as to why gold remains in a funk.

  1. The MF Global bankruptcy, the seventh-largest in US history, forced a high degree of liquidation of commodities futures contracts, including gold. Many institutional investors had to sell whether they wanted to or not. This is similar to why big declines in the stock market can force funds and other large investors to sell some gold to raise cash for margin calls or meet redemption requests.
  2. The dollar has been rising. Money fleeing the Eurozone has to go somewhere, and some of it is heading into Read more…

Paper Markets Are A Joke: Prepare for Bullion Prices to Go Supernova

July 6, 2011 1 comment

zerohedge

“I think that the prices will continue higher. I mean the amount of money printing is unbelievable. I just think you have to take that initial stand in terms of buying it. I use the James Turk analogy: just keep dollar averaging. We have gone up eleven years in a row, this year it looks like it will be no exception; I would certainly think next year will be no exception. If we ever have QE3 announced, I think gold and silver will just go absolutely bonkers here. And so I just think you have got to step in there and own it; we’ve had these fears all the way along. You know, $400, and $500 and $700 and $800 dollar gold, everyone was afraid it was a one-time thing. I don’t think it is a one-time thing, I think it is Read more…