U.S. Mint Silver-Coin Sales Rise to All-Time High in January 2013!

Sales of American Eagle silver coins by the U.S. Mint jumped to a record this month on increased demand for an alternative to currencies as the U.S. central bank presses on with unprecedented stimulus.

Sales surged to 7.42 million ounces so far in January, the biggest monthly total since 1986, when the Washington-based Mint began the transactions, Michael White, a spokesman, said in a phone interview yesterday. The figure compares with the 1.635 million ounces sold in December, according to mint data.

 

 

Click here to read more from Bloomberg.com

SLV Adds Record 572 Tons Of Silver In One Day, More Than In All Of 2012

Technically the addition of 572 tons, or a massive 18,378,092 ounces of physical silver, to the SLV ETF, in one day is not a record, as it excludes one amount which however was a year end rebalance at the end of 2007 offset promptly on the next day, but it certainly is the biggest one day addition of physical silver to SLV in ordinary course operations.

Click here to read more from Zerohedge.com

U.S. Mint halts sales of silver eagles as agency runs out of the precious metal

On Jan. 17, the U.S. Mint issued a letter stating that they have completely run out of silver American Eagle coins, and are suspending sales until the end of the month. This suspension comes after six million silver Eagles were sold since the beginning of the year, and at a time when precious metal sales are escalating in markets all over the globe.

Click here to read more from the examiner.com

Chinese November Gold Imports Soar To 91 Tons; 2012 Total 720 Tons!!

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. China is on track to import more gold into Mainland through Hong Kong in 2012 than all of Japan's Central Bank Gold Reserves
(765 Tons).

Click here for more info. at ZeroHedge.com

US Mint Sells Massive 3.9 Million Ounces Of Silver Coins In First Few Days Of 2013, Triple December's Total

For the first week of 2013 the mint’s 2013 silver sales totals remained at 0 with production halted, but that changed quickly Monday, as the US Mint announced 3.937 million Silver Eagles were sold in a single day on Monday 1/7!

Click here to read more at silverdoctors.com

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.

Click here to read more at Bloomberg.com

Inside the Bank of England's gold bullion vault.

The Queen Tours The BOE Gold Vault And Asks About The 2008 Crisis!!!

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.

Click Here to Read more: http://www.foxnews.com

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.

Click Here To Read More At Money.CNN.COM

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
intervention.

   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.

Click here to read more from Reuters.com

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!

GOLD EAGLE SALES EXPLODE IN NOVEMBER, UP NEARLY 4 FOLD YOY

By The Doc, SRSrocco

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

Click Here To See and Read More Info at : www.silverdoctors.com

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

Peter Schiff, Hyperinflation, Dollar Collapse, Warren Buffett / Capital Account

7 of 10 Asian Countries abandon U.S. dollar for Chinese Yuan now!!!

A "renminbi bloc" has been formed in East Asia, as nations in the region abandon the US dollarand peg their currency to the Chinese yuan — a major signal of China's successful bid tointernationalize its currency, a research report has said.

The Peterson Institute for International Economics, or PIIE, said in its latest research that Chinahas moved closer to its long-term goal for the renminbi to become a global reserve currency.

Click Here To Read More At ChinaDaily.Com

Chinese Gold Imports Surge In September, YTD Total Surpasses Official Indian Holdings!!

From Zero Hedge

Anyone who may have been concerned by the slowdown in Chinese gold imports in August, when the country imported "only" 53.5 tons of gold from Hong Kong (down from 75.8 in July), can breathe a sigh of relief. According to the Hong Kong Census Bureau, in September Chinese gross imports soared by 30% reverting to the long-term trendline of 65 tons in gross imports per month, and rising to a total of 69.7 tons. Net imports were 40% less, although that excludes organic Chinese gold mining and recirculation, which is why for all intents and purposes the gross number is the apples to apples one. And using that, Year-To-Date China has now imported a whopping 582 tons of gold, more than the official holdings of India at 558 tons, and which through November has certainly surpassed the holdings of the Netherlands, and make China's gross imports in just 2012 nominally the equivalent of Top 10 largest sovereign holder of gold.

This way at least we know where China is recycling all that vast trade surplus, which incidentally in October just printed, goalseeked or not, at the highest level - $32 billion - since January of 2009. Too bad China no longer recycles all those excess reserves into US Treasury paper (as we showed previously here).

YTD China gross imports from Hong Kong:

Where does this put China:

And in historical perspective: the recent surge in demand for gold is quite unmistakeable:

Food Stamp Nation: What a Modern Day Bread Line Looks Like (Infographic)

With digital technology being used for all manner of government distributions, it’s difficult to overtly distinguish between the severity of the Great Depression of the 1930′s and today’s economic crisis.

But just because we don’t see thousands of hungry people lined up for hours at a time at their local soup kitchen today doesn’t mean the lines don’t exist.

Today bread lines have been removed with the help of technology; EBT cards are filled with Government money for Food Stamp participants to purchase food at local retailers.

Click here to read more and see the graphic at 24hgold.com

LBMA Chairman: Chinese Gold Reserves Can Only Go One Direction: UP!

Chairman of the LBMA David Gornall told the conference, “When comparing China to the U.S., it would seem that in China, gold asset allocation can only go in one direction.  The country has only 2% of its reserves in the form of gold compared with the U.S. at 75%.” The People’s Bank of China hasn’t disclosed any changes to its gold holdings since 2009, when it said they had risen a whopping 76% to 1,054 metric tons. While the U.S., Germany, Italy and France keep more than 70% of reserves in gold, China’s share is less than 2%.

Click here to read more at Goldcore.com

Japan Ups It's Current Asset Purchase Program By ¥11 Trillion Making It ¥91 Trillion Now!!

Under heavy pressure to do more to help rid the economy of debilitating deflation, the Bank of Japan's policy board voted unanimously to increase the asset purchasing program by 11 trillion yen ($139 billion) to 91 trillion yen ($1.15 trillion).

"The critical challenge for Japan's economy is to overcome deflation as early as possible and to return to a sustainable growth path with price stability," the government and central bank said in a joint statement.

Click Here To Read More at USNEWS.com

Turk - 15,000 Tons Of Western Central Bank Gold Is Gone

Today James Turk once again shocked King World News when he stated, “... in 1997 over (a stunning) 2,000 tons of gold moved out of Great Britain.”  Turk added, “Now since Great Britain is not a gold miner, we know that gold had to come out of the Bank of England (where they store other countries gold), and it probably went into Zurich (Switzerland) for what’s called ‘leasing’ but I use the word ‘lending,’ or lending into the market.”

Click Here To Read More At Kingworldnews.com

James Turk - The Entire German Gold Hoard Is Gone!!

Today James Turk shocked King World News when he stated, “The entire German gold hoard was gone because it had been leased into the marketplace.  Meaning, the vaults holding German gold were emptied by 2001 because of the Bundesbank leasing activities.”

Turk added, “Half of the gold they (the Germans) leased themselves.  The other half of Germany’s gold hoard was eventually leased into the market as well through complicated swaps with the US.  But the reality is that as of 2001, all of that German gold was gone.  Meaning all German gold worldwide, which was supposed to be stored in vaults, the vaults were emptied of German gold and the gold was leased into the market.” 

Click here to read more at Kingworldnews.com

Unease about Germany's unchecked gold reserves

BERLIN -- Germany's central bank has failed to properly oversee the country's massive gold reserves, which have been stored abroad since the Cold War in case of a Soviet invasion, independent auditors say.

The central bank must renegotiate its contracts to gain the right to inspect its gold bars, which are worth tens of billions of dollars and are stored in the United States, Britain, and France, the Federal Auditors Office said in a report to lawmakers obtained by The Associated Press on Monday.

Click here to read more at Zerohedge.com Just scroll down to the second half of the page

Investors are shifting from paper to physical.

It's not too often that you see a major shift within the gold market. The last such recalibration in sentiment for gold investors was the introduction of the first gold-backed ETF in 2004, and the subsequent explosion in exchange-traded products (ETPs) for bullion and precious-metals equities.

Today, another tidal change is under way, as the flow of funds into structured bullion products ebbs. I think this shift – as you'll read about in a moment – signals two things. First, it confirms that growing numbers of investors are increasingly nervous about the reckless monetary and fiscal paths being pursued on a global scale. Identifying this trend early on will let investors position themselves accordingly. 

Click here to see the article from caseyresearch.com

U.S. MINT CONTINUES TO SELL 50 TIMES MORE SILVER THAN GOLD!!

The US Mint’s frantic silver sales pace continued over the weekend, as the Mint reported 430,000 ounces of silver sales over the weekend on Monday.  Perhaps more importantly, the US Mint Silver eagle to US Gold eagle sales ratio continues to exceed 50 to 1, a pace that is simply unsustainable with a current mine ratio of 9 to 1.

Click here to read more at Silverdoctors.com

Australian gold exports to China surge over 900% In First 8 Months Of 2012!

Australian sales of gold to China have surged a staggering 905.4% on the back of the Middle Kingdom's efforts to short up its foreign currency reserves.

The stunning year-on-year gain in gold sales to China for the period of January to August in 2012 has left the precious metal Australia's second most valuable tangible export to the emerging Asian giant at AUD$4.2 billion in total, replacing stalwart commodities export coal.

Click Here To Read More At Mining.com

U.S. Exporting Record Amounts of Gold Overseas

In a stunning development over the first seven months of the year, the United States has run up a huge gold deficit as it has exported a record 424 metric tonnes of gold. This is indeed a significant amount when the U.S. exported a total of 488 metric tonnes for the entire year in 2011.


Click here to read the full article at Financialsense.com

Lindsey Williams: Master Plan to Bring Down America Revealed

Lindsey Williams: The Final Countdown!

Huffington Post's 11 Myths About the Fed, Refuted By Tom Woods and Bob Murphy

Written By: (Recent Harvard Grad) Bonnie Kavoussi

The Federal Reserve has a lot of haters, and those haters are spreading some rumors.

Texas Governor Rick Perry echoed many conservatives' sentiments when he said last year that another round of stimulus from Federal Reserve Chairman Ben Bernanke would be "almost treasonous." "We would treat him pretty ugly down in Texas," he added, while also claiming that the Fed has been "devaluing the dollar." Inflation is currently at historically low levels.

Click Here To Read Bonnie's Article At Huffingtonpost .com

                                                                                                                                                                     

11 Myths Refuted 1 by 1

Author and economist Robert Murphy

Historian and Best-Selling Author, Tom  Woods

The other day the Huffington Post ran an article by a Bonnie Kavoussi called “11 Lies About the Federal Reserve.” And you’ll never guess: these aren’t lies or myths spread in the financial press by Fed apologists. These are “lies” being told by you and me, opponents of the Fed. Bonnie Kavoussi calls us “Fed-haters.” So she, a Fed-lover, is at pains to correct these alleged misconceptions. She must stop us stupid ingrates from poisoning our countrymen’s minds against this benevolent array of experts innocently pursuing economic stability.

Click her to read HuffPo’s 11 Myths About the Fed, Refuted @ Thelibertyclassroom.com