Thursday, December 20, 2012

Brazil Doubles Gold Reserves as Central Banks Buy Bullion

Brazil boosted gold reserves for a third month in November to double the country’s holdings since August as central banks from Russia to Belarus and South Korea add the metal to diversify their assets.
Brazilian holdings expanded 14.7 metric tons in November to 67.2 tons, the most since November 2000, according to data on the International Monetary Fund’s website. The country bought 17.2 tons in October after adding 1.7 tons in September, the first increase since 2008. Russia’s holdings increased 2.9 tons last month and Belarus’s reserves expanded 1.4 tons, the data show. Turkey pared holdings 5.9 tons and Mexico sold 0.1 ton.

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Saturday, December 15, 2012

Deficit hit $172B in November, with US on path for fifth straight year topping $1 trillion!

The U.S. budget deficit unexpectedly increased in November, to $172 billion for the month -- pushing the country one step closer to the limit on government borrowing.
The Treasury said Wednesday the deficit last month was $22 billion more than the October mark and up from $137 billion in November 2011.

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Americans donate $8 million to cut national debt!

The debate about the national debt has already paid off: Individual Americans pitched in nearly $8 million of their own money to help reduce it in fiscal 2012. That's more than double the total from the year before.

Donations for the national debt had averaged about $3 million a year since 2009. "So this is obviously a big jump," said Mckayla Braden, a spokeswoman for the Bureau of the Public Debt.

Friday, December 7, 2012

South Korea central bank bought 14 tonnes of gold in Nov

 By Christine Kim
    SEOUL, Dec 5 (Reuters) - South Korea's central bank said on
Wednesday it bought 14 tonnes of gold in November using its
foreign reserves in order to spread its portfolio risks, while
releasing data showing total reserves rose after talk of market

   The Bank of Korea bought the gold for $780 million, the fourth purchase in about one-and-a-half years and lifting the proportion of gold in its total foreign reserves to1.2 percentfrom the previous 0.9 percent.

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Wednesday, December 5, 2012

Lindsey Williams Reveals The Elite Agenda For America During The Next 4 Years!!

Pastor Lindsey Williams: Obama to Tax Middle Class into Oblivion! Pastor Lindsey Williams unveils the truth behind the elite plan for humanity and this planet... THE NEXT 4 YEARS... Released TUESDAY 4TH DECEMBER 2012!

Monday, December 3, 2012


In the midst of a 2 month price consolidation for both gold and silver, US Mint gold and silver eagle sales exploded in November, coming in a 3,159,500 oz of ASE’s, the 3rd highest monthly total for 2012, and 136,500 oz of AGE’s, by far the highest monthly gold sales for the US Mint for 2012.

Click Here To See 26 Years Of Precious Metals Sales At The U.S. Mint Website

Saturday, December 1, 2012

Fed To Commit To A Staggering $1 Trillion Of QE For 2013

Today acclaimed trader Dan Norcini told King World News the Fed is about to commit to more than $1 trillion of QE for 2013. Norcini stated that because of this, “Anyone who does not own physical gold is committing financial suicide.” Here is what the acclaimed trader had to say about this stunning situation and what it will mean for the gold market: “One of the things that may have been overlooked by a lot of people, but it certainly wasn’t overlooked by some of us in the trade, was a report that was published by Goldman Sachs dealing with the Federal Reserve and its upcoming policy meeting.” Dan Norcini continues: “Goldman Sachs expects, next month, for the Fed to come out of their policy meeting announcing QE4. It will be a purchase of $45 billion each month in Treasuries. This number will be in addition to the already existing QE3, which is $40 billion per month in mortgage-backed security debt. But in a sense, Eric, QE4 is going to be a replacement for Operation Twist. Operation Twist was designed to push down the long end of the curve in order to keep interest rates artificially low….

Click here to read more at KingWorldNews.Com