ISIS releases details of its new currancy with golden 1 & 5 dinar, silver 1, 5, 10 dirham and copper 10 & 20 fils
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ISIS Unveils Its New Gold-Backed Currency
November 13, 2014
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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.
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
Categories: Precious Metals, Terrorist
gold, ISIS, silver, terrorists
Putin stockpiles gold as Russia prepares for economic war
November 13, 2014
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Russia has taken advantage of lower gold prices to pack the vaults of its central bank with bullion as it prepares for the possibility of a long, drawn-out economic war with the West.
The latest research from the World Gold Council reveals that the Kremlin snapped up 55 tonnes of the precious metal – far more than any other nation – in the three months to the end of September as prices began to weaken.
Vladimir Putin’s government is understood to be hoarding vast quantities of gold, having tripled stocks to around 1,150 tonnes in the last decade. These reserves could provide the Kremlin with vital firepower to try and offset the sharp declines in the rouble.
Russia’s currency has come under intense pressure since US and European sanctions and falling oil prices started to hurt the economy. Revenues from the sale of oil and gas account for about 45pc of the Russian government’s budget receipts.
The biggest buyers of gold after Russia are other countries from the Commonwealth of Independent States, led by Kazakhstan and Azerbaijan.
In total, central banks around the world bought 93 tonnes of Full Article Here
Categories: GOLD, Russia
gold, precious metals, Russia, Vladimir Putin
China’s gold import surge
December 20, 2013
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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
Categories: China, GOLD, Precious Metals
China, gold, precious metals
Why Are Russia And China Hoarding So Much Gold?
February 13, 2013
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Will oil soon be traded in a currency that is thousands of years old? What would a “gold for oil” system mean for the petrodollar and the U.S. economy? Are Russia and China hoarding massive amounts of gold because they plan to kill the petrodollar? Since the 1970s, the U.S. dollar
has been the currency that the international community has used to trade oil around the globe. This has created an overwhelming demand for U.S. dollars and U.S. debt. But what happens when the rest of the globe starts rejecting the increasingly unstable U.S. dollar and figures out that gold can be used as a currency in international trade? The truth is that it doesn’t take a lot of imagination to figure that out. Demand for the U.S. dollar and U.S. debt would fall off the map and there would be a rush into gold unlike anything we have ever seen before. So are Russia and China accumulating unprecedented amounts of gold right now because they eventually plan to cut the legs out from under the petrodollar and they want to gobble up huge stockpiles of gold before the cat is out of the bag? Of course they will never admit this publicly, but there are Read more…
Categories: China, GOLD, Russia
China, Dollar, Federal Reserve, gold, Oil, petrodollar, petrogold, precious metals, Russia
Gold Sellers in Houston Must Submit to Fingerprints and Mugshots
February 12, 2013
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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…
Categories: Biometrics, GOLD, Precious Metals, Silver
Biometrics, gold, Houston, precious metals, silver
China May Now Have World’s 2nd Largest Gold Reserves
January 24, 2013
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Today acclaimed money manager Stephen Leeb stunned King World News when he said the Chinese may already have the world’s second largest gold reserves, eclipsing Germany to grab the number two spot. Leeb knows China is incredibly secretive about its insatiable accumulation of gold, and believes they are not fully disclosing their entire gold position to the world at this point. Here is what Leeb had to say: “I’m focused on precious metals and this fascinating battle between the East and the West, Eric, especially China and the United States. There is an economic ‘Battle Royale’ going on right now, and I think the Chinese definitely have the upper hand.”
Stephen Leeb continues:
“They have a stronger economy and a clear plan as to what they want to accomplish. They have a much longer-term perspective, and this spells very, very tough times for the United States.
I wish it weren’t true, and I wish this country would wake up. But everywhere I look right now I see limited Read more…
Categories: China, GOLD
China, gold, precious metals
Confiscation of Gold – Then What?
January 24, 2013
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Readers may not agree with our conclusions on the confiscation of gold, but we emphasis this reality. If we are wrong you will still own your gold. If we are right and you have not taken the right steps to guard against confiscation and the personal dangers to you individually, you will lose your gold if not suffer the penalties the “Gold Confiscation Order” brings with it.
Gold will move to a pivotal monetary position
Since August 2007 we have witnessed one banking crisis after another. We have seen the rise of Sovereign debt crises across the developed world. Today, we are hearing that the worst of the crises is over. Translated, that means Read more…
Gold and Silver Registration in Illinois
January 10, 2013
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A bill to register gold and silver coins: It had to come. It has been introduced in Illinois, the most anti-gun state in the USA. … Creates the Precious Metal Purchasing Act. Provides that a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a record of the sale, and verify the identity of the seller. Provides that a person who is in the business of purchasing precious metal shall not pay for the precious metal in cash and shall record the method of payment. Requires the purchaser to keep a record of the sale for one year or, if the purchase amount is over $500, for 5 years. Provides that a person who violates the Act is guilty of a petty offense and subject to a fine not exceeding $500. Provides that the Attorney General may inspect records, investigate an alleged violation, and take action to collect civil penalties. − TeaPartyEconomist.com
Dominant Social Theme: This is to keep everyone safe.
Free-Market Analysis: Thanks to economist Gary North for this one. The bill, Illinois SB3144, passed the state senate in the spring and was handed off to the house this fall. With three Read more…
Categories: Illinois
gold, Illinois, precious metals, silver
Chart Of The Day: Chinese November Gold Imports Soar To 91 Tons; 2012 Total 720 Tons
January 10, 2013
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Regular readers are familiar with our monthly series showing the inexorable surge in Chinese gold imports. It is time for the November update, and it’s a doozy: at 90.8 tons, this was the second highest gross import number of 2012, double the 47 tons imported in October (which many saw, incorrectly, as an indication of China’s waning interest in the yellow metal), and brings the Year to Date total to a massive 720 tons of gold through November. If last year is any indication, the December total will be roughly the same amount, and will bring the total 2012 import amount to over 800 tons, double the 392.6 tons imported in 2011.
Indicatively, should the full year total import number indeed print in the 800 tons range, it will mean that in one year China, Read more…
Categories: China, GOLD
China, gold, precious metals
Buy Gold, But Don’t Store It In The US Because ‘The Fed Will Take It Away From You One Day’
September 18, 2012
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Today’s AM fix was USD 1,767.25, EUR 1,349.36 and GBP 1,089.42 per ounce.
Friday’s AM fix was USD 1,772.50, EUR 1,359.70 and GBP 1,093.53 per ounce.
Silver is trading at $34.52/oz, €26.44/oz and £21.36/oz. Platinum is trading at $1,699.00/oz, palladium at $685.50/oz and rhodium at $1,050/oz.
Gold rose $5.30 or 0.3% in New York and closed at $1,771.60. Silver climbed to $34.91 then dropped before bouncing back higher, and finished with a loss of 0.06%. Gold was up 2.02% for the week and silver another 3% for the week.
Gold is slightly weaker today but hovering near a 7 month high, as the US Fed’s announcement of QE3 has led to some investors diversifying into bullion as a hedge against inflation risk.
The yellow metal rose as high as $1,777.51 on Friday, a high not seen since February 2012 when it hit this year’s peak. Last September 2011, it reached a nominal high of nearly $1,920/oz.
QE3 will allow the Fed to print dollars to buy Read more…
Categories: GOLD, GOVERNMENT
gold, government, QE3
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