Tag Archives: gold

Ukraine admits its gold is almost all gone

Ukrainian flag

Editor’s note: The mystery surrounding Ukraine’s gold only deepens since we first reported on the gold in Ukraine situation back in March 2014 – Ukraine’s gold reserves sent to NY Federal Reserve Back in March, at a time when the IMF reported that Ukraine‘s official gold holdings as of the end of February, so just as the State Department-facilitated coup against former ... Read More »

ECB to buy gold and stocks next as Japanese QE fails

ECB European Central Bank Yves Mersch

While it remains to be seen if a majority of the Swiss population want their central bank to purchase a whopping 1,500 tons of gold in the coming years, perhaps the most notable event for gold overnight (aside from news that while India exports fell 5% in October, gold and silver imports soared by 280% and 136% Y/Y, respectively), came from ... Read More »

China hoarding gold to challenge the US dollar

China gold dragon

In a world filled with fiat currencies, how important is gold‘s role in the financial system? Proponents often view the precious metal as a hedge against economic chaos, while critics typically claim gold is hardly more than an unproductive rock. Interestingly, some countries appear to believe gold is quite important, and one former Fed chair explains why. Alan Greenspan, who ... Read More »

Russia is stockpiling gold bullion

Russia Putin gold

Lately Russia has been buying gold by the ton — 37 tons in September alone. Why? One obvious answer is that gold is now cheaper than it has been for quite a while and Russian President Vladimir Putin knows a bargain when he sees one. But Western countries have been selling gold (or at least not acquiring more), which means ... Read More »

US Mint sells out of Silver Eagles due to ‘tremendous’ demand

American Silver Eagle

The U.S. Mint said on Wednesday it has temporarily sold out of its American Eagle silver bullion coins following “tremendous” demand in the past several weeks. In a statement sent to its biggest U.S. coin wholesalers, the U.S. Mint says it will continue to produce 2014-dated coins. The Mint will advise when additional inventory will become available for sale without ... Read More »

Greenspan: QE failed, the unwind will be painful, ‘buy gold’

Alan Greenspan CFR

It appears it is time for some Hillary-Clinton-esque backtracking and Liesman-esque translation of just what the former Federal Reserve Chief really meant. As The Wall Street Journal reports, the Fed chief from 1987 to 2006 says the Fed’s bond-buying program fell short of its goals, and had a lot more to add. Alan Greenspan’s comments to the Council on Foreign ... Read More »

Government is ‘robbing’ citizens of their wealth through inflation

Inflation ahead sign

Political commentator and freedom advocate Floyd Brown knows what the U.S. government is up to, and he’s calling Washington on it. In this one-on-one interview, find out why the president of the Western Center for Journalism believes Americans are systematically robbed of their savings through a deliberate devaluation of the dollar. In the face of a dollar that will continue ... Read More »

The smart money is dumping stocks

Stock market money

We are getting clear signals from the “smart money” that something bad is looming on the horizon. The most obvious signal comes from the ultra-wealthy (those worth $20 million or more) who are rapidly moving out of paper assets and into real assets. For this reason, I want to draw your attention to the fact that the super-wealthy are currently ... Read More »

The super-rich are putting their money into this asset

Rich

The super-rich are looking to protect their wealth through buying record numbers of “Italian job” style gold bars, according to bullion experts. The number of 12.5kg gold bars being bought by wealthy customers has increased 243pc so far this year, when compared to the same period last year, said Rob Halliday-Stein founder of BullionByPost. “These gold bars are usually stored ... Read More »