Bill says When the music stops, there will be 382 people who think they own an ounce of gold, but in reality, only one person owns it. Here’s an update. Source: Bill Holter: There Are 382 Paper Gold Ounces For Every One Real Ounce Of Gold On The COMEX | Silver Doctors
Tag: Gold
Gold: “It Belongs To The People, Not The Bankers” – Italy Moves To Seize Gold From Central Bank
“We need a change of course at the Bank of Italy if we think about what happened in the last years…The gold belongs to the Italians, not to the bankers…” Source: “It Belongs To The People, Not The Bankers” – Italy Moves To Seize Gold From Central Bank | Zero Hedge
China And Russia On Gold: The Quiet Revolution
There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony. It is perhaps too early to call what’s happening to the dollar the beginning of its demise as the world’s reserve currency, but there is certainly a move away from it in…
Crypto Currencies Crumble: Burst Of Physical Precious Metal Buying
The plotline of the recently-aired season finale of the fifth season of Silicon Valley eerily came to life this past week when nearly $20 million worth of cryptocurrency was stolen from online exchanges. Crypto-mining thieves reportedly took over the digital currency platforms and proceeded to claw whatever they could from user accounts, capturing tens of…
China, Iran & Russia: Gold Just Got Stronger
As you probably know by now, President Trump backed out of the nuclear deal with Iran and is re-imposing harsh sanctions. And just this morning, Trump announced that he’s canceling the much-anticipated nuclear summit with North Korean leader Kim Jong Un because of Kim’s recent belligerent comments. What does that mean, aside from the…
Silver Where Art Thou? Silver Demand Rose 17% Last Year While Supply Actually Fell
For How Long will the Era of Cheap Silver Prices Continue? One of the running themes of the silver market since the economy recovered from the financial crisis has been an apparent disconnect between silver prices and the realities of supply and demand. Even as demand for the precious metal has consistently been strong from…
Foreign Federal Reserve (sic): In A State Of Perpetual Unlawful Manipulation
Jim Rickards explains the next event that will cause gold & silver to turn up again. Here’s the details… June 12 is just three weeks away. That’s when the Federal Open Market Committee, FOMC, the Fed’s interest rate policy arm, will in all likelihood raise interest rates another 0.25%, the seventh such rate increase since…
OPEC Shuts Down Oil Shipments To U.S. Refiners: Iraqi Oil Surges
U.S. refiners are receiving smaller shipments of oil from members of the Organization of Petroleum Exporting Countries (OPEC) due to the bloc’s production cut agreement, according to a new report by Bloomberg. Weekly crude imports from seven bloc nations dropped by 14 percent last week, the Energy Information Administration said. The fall brings import levels…
China’s Gold PetroYuan Futures Open: Gold Oil Surging To Multi-Year Highs As Over 10 Billion Trades In First Hour
China’s launching of the yuan-denominated oil futures contract will shock those investors who have not been paying attention After all the preparation, all the expectation, cheerleading and doomsaying, China’s Yuan-denominated crude oil futures contract began trading tonight and appears to be off to a good start with well over 10 billion yuan notional traded within the…
Turkey Continues Gold-Buying Spree In Quest For Independence From US Dollar
Turkey went on a gold-buying spree in 2017. That trend continued through the first two months of 2018 as the country continues to diversify away from foreign currencies – i.e. the dollar. Data released by Borsa Istanbul shows Turkey imported 44.47 tons of gold in January and 16.03 tons in February for a total…
