Gold Vault Opens in China as Bullion Goes From West to East

A gold vault that can store 2,000 metric tons, double China’s projected consumption this year, opened in Shanghai this month as owner Malca-Amit Global Ltd. seeks to benefit from rising demand in Asia’s largest economy.

The facility is the biggest for the Hong Kong-based company, and it can also store diamonds, jewelry and art, Joshua Rotbart, precious metals general manager, said in an interview. The site could hold bullion worth about $82.5 billion at today’s price, Bloomberg calculations show. China’s total demand may reach 1,000 tons in 2013, the World Gold Council forecasts.

Consumption in China may increase 29 percent to a record this year, overtaking India as biggest user as lower prices and higher incomes spur demand, according to the WGC. The investment in Shanghai’s new free-trade zone reflects a shift in world demand away from the U.S. and Europetoward Asia. Demand for gold jewelry, bars and coins in Greater China, India, Indonesia andVietnam is now about 60 percent of the global total, up from 35 percent in 2004, according to HSBC Holdings Plc.

Click Below To See A video Of The Vault On Bloomberg

Bloomberg Video

Russian Banks Buy 181.4 Tons Of Gold In 2013

From: ZeroHedge

With headlines crowing of gold's worst year since 1981 as a signal that the status quo is winning and proof positive that fiat-currency naysayers must be wrong, it would appear that the rest of the world's central banks (and banks) have used the price depreciation to stack the precious metal. As Bloomberg reports,

• *RUSSIAN BANKS BOUGHT 181.4 TONS OF RUSSIAN GOLD IN 2013: RIA
• *RUSSIAN BANKS BOUGHT ALMOST 90% OF RUSSIA 2013 GOLD OUTPUT: RIA

This 5.834 million ounce addition (8.3% YoY) is more than double that of Russia's central bank additions in 2013 with Bitcoin-favoring Sberbank piling up 48.5 tons alone in 2013.

Russia's central bank added 2.485 million ounces to November - so the bank additions are very large...

Biggest buyers according to Finance Ministry include Sberbank (48.5 tons), VTB (38.9 tons), Gazprombank (29.1 tons), Nomos Bank (19.6 tons), Lanta Bank (8.6 tons).

So, like China, we are sure Russia will be sending a big "Thank You" to the Fed (and BIS) for their efforts.

UNPRECEDENTED CHINESE GOLD DEMAND TOPS 2500 TONS IN 2013!!!!

Friday the numbers were released on total Chinese gold demand for 2013. Total demand can be measuredby the amount of physical gold that is withdrawn from the vaults of the Shanghai Gold Exchange. In the last full trading week (#52, December 23 – 27) of 2013 there were 53 tons of physical gold withdrawn, which brings the yearly total to 2181 tons. Yes, total Chinese demand for 2013 was 2181 tons, excluding PBOC purchases. All my sources in the mainland state the PBOC would never buy its gold through the SGE, so total demand including PBOC purchases may have reached well over 2500 tons.  Which would imply total net import was 2000 tons.

There are some really Interesting Graphs In This Article

Click Here To Read More At Ingoldwetrust.com

Gold is no longer a safe investment! (This Is Comical)

The crash in gold prices was one of the biggest shockers of 2013. A correction had already begun at the fag end of 2012, but prices really crashed in 2013, triggered by fears that the US Federal Reserve would scale down and do away with the economic stimulus.

Click Here To Read More At The Times Of India

Turkey’s gold imports hit record in 2013 (Up 150% from 2012)

Turkey’s gold imports jumped to their highest annual level on record in 2013 due to a considerable drop in market prices as well as the country’s ongoing gold-for-gas trade with Iran. Turkey imported 302.3 tons of gold through the 12 months of the year, data from Borsa Istanbul showed, recording a 150 percent rise from the previous year’s level of 120.78 tons.

Click Here To read more at http://www.hurriyetdailynews.com/

The Prosperity Illusion Part 1

From Vision Victory On Youtube:

Yellen Has No Clue How to Run Fed: David Stockman

Long gold, short China is the winning trade so far this year

If you have been wondering what all those old Chinese aunties buying gold were telling us last year then this is it: go long gold and short China. So far in 2014 that has been the winning trade. Gold is sharply up, shares in Shanghai are tumbling.

Actually the Shanghai Composite Index is 60 per cent off its high and has been falling for several years. Gold took a break from its 13-year bull market last year but remains in an uptrend. However, both markets could be set for strong movements this year, albeit in opposite directions.

Click here to continue reading at ArabianMoney.com

A Fed Induced Phony Recovery is Bullish For Gold .

Avoid gold: The last correction took 20 years!!!

After gaining more than 700% in the decade following the 9/11 Terrorists attacks, Gold (GLD) has since fallen about 40% from the all time high it hit 15 months ago, with most of that happening in 2013. In fact, the last 12 months have been the second most bruising period for the metal in over a century, bested only by the 32% slump of 1981.

This type of decline is not only rare, but tempting, as many bottom-fishing investors are starting see value in gold, although David Nelson, chief strategist at Belpointe Advisors is not one of them.

“I can’t find a lot of reasons to like gold,” Nelson says in the attached video, citing three reasons for his continued caution.

Click Here To See The Video: Yahoo Video

Gold Restrictions Fuel A Black Market For Gold In India!

IRS data shows 50 percent of households make less than $35,000 per year. Top 10 percent pay 68 percent of income taxes.

From Mybudget360.com:

A major theme throughout 2013 revolved around a booming stock market and real estate sector.  Alongside this theme however was also the one of growing income inequality.  The stock market generated one of its best years but only a small portion of the population benefited since most Americans do not own stocks outright.  The real estate boom was largely driven by big money investors leveraging the unprecedented Quantitative Easing machinery from the Federal Reserve.  Yet most households have little access to this debt since deleveraging is still occurring for households.  The only consumer debt sectors to boom in 2013 came from student loans and auto loans. Not exactly two sectors to build up your wealth portfolio.  We see how the great income divide is splitting the nation even when it comes to paying income taxes.  The adjusted gross income for half of households in the US is less than $35,000.  This group pays 11.55 percent of all income taxes.  The top 10 percent pay 68 percent of all income taxes.  This is an expected trend when wealth inequality is at levels last seen in the Gilded Age.

Click Here To Read More At Mybudget360.com

Gold: Declining Prices Versus Skyrocketing Demand!!

This is the reality in the Gold market that the average person has no knowledge of. They see the price dropping and think that the demand must be low!

Scarcity of Gold in Mexico!

I have just spoken with Mr. Calles, at Banco Azteca. Mr. Calles purchases silver one-ounce “Libertad” coins for sale to the public through the offices of Banco Azteca, throughout Mexico, and thus he is in contact with the Mexican Mint.

Click here to continue reading on Hugo's website:

After a year, Bundesbank repatriates only 37 of 700 tonnes of gold

Only 37 tons?????? meanwhile China has scooped up a couple thousand tons!!!!!

While Germany's Bundesbank announced a year ago that it would repatriate most of the 700 tonnes of gold it has vaulted with foreign central banks, the Berlin newspaper Bild reported yesterday that only 37 tonnes have been repatriated so far:

Click here to read more at pinnacledigest.com

BLOOMBERG: LONDON GOLD VAULTS ARE VIRTUALLY EMPTY, ALL THE GOLD HAS BEEN TRANSFERRED TO HONG KONG!

This is incredible. While discussing how the London vaults have been emptied and the gold has made it's way to china all they can think about is how the bull run in the price has ended.

Swiss gold refiners have struggled to provide 40 tonnes of gold-a-week for China!

Secretive Swiss gold refiners have been working flat out all year to supply China with physical gold, at times struggling to find the gold supplies required to fulfill ballooning orders.According to this highly reputable source the Swiss are really scraping the bottom of the barrel now to find the gold to meet demand from China. In 37 years this refinery boss has never before experienced this problem. Some of the bars being refined are from the 1960s, from the back of the vaults. 

Click Here To Read More At ArabianMoney.com

Is a global currency reset coming?

Lindsey Williams on Goldseek Radio with Chris Waltzek - 4th December 2013

Yuan Passes Euro as 2nd-Most Used Trade-Finance Currency!

China’s yuan overtook the euro to become the second-most used currency in global trade finance after the dollar this year, according to the Society for Worldwide Interbank Financial Telecommunication.

The currency had an 8.66 percent share of letters of credit and collections in October, compared with 6.64 percent for the euro, Swift said in a statement today. China, Hong Kong,Singapore, Germany and Australia were the top users of yuan in trade finance, according to the Belgium-based financial-messaging platform.  The yuan had the fourth-largest share of global trade finance in January 2012 with 1.89 percent, while the euro’s was the second-biggest at 7.87 percent, Swift said.

Click here to read more at Bloomberg.com

BREAKING: Canadian Maple Leaf Sales Q1-Q3 Already Surpass 2012 Total

Article from srsroccoreport.com

As the Fed and Central Banks continue to pump huge amounts of liquidity into the market, investors have been buying record amounts of Canadian Silver Maples.  Demand for the Canadian Gold & Silver Maples hit a record in 2011, but then declined in 2012 as investors started to believe that the monetary authorities had the financial system back under control — an illusion that will cost them dearly in the future.

After the huge take-down of the price of gold and silver during April of this year, demand for the Canadian Silver Maple Leaf bullion coins picked up to record levels.  Not only were Silver Maple sales strong in the second quarter due to the extremely low price of silver, but demand was even greater during the third quarter… hitting a new all time record.

If we look at the chart below, we can see just how much sales of the Canadian Silver Maples have increased compared to the same period last year.

In the first nine months of 2012 total Silver Maple sales were only 12.8 million compared to the 19.7 million sold so far in 2013.  This is a huge 54% increase y.o.y at nearly 7 million more Silver Maples sold.

Again, the third quarter sales of Silver Maples hit a record of 6.7 million compared to 4.8 million in the same period last year.  This is the same phenomenon taking place with Silver Eagle sales.  Sales of Silver Eagles increased in the third quarter at 11.0 million compared to 10.8 million in Q2 2013.

Furthermore, Gold Maple Leaf sales in the third quarter are still quite strong even though demand has dropped off compared to the previous quarter.

Sales of Gold Maples are up a staggering 85% in 2013 at 867,000 ounces compared to the first nine months in 2012 when only 468,000 were sold.  Actually, Gold Maple sales are holding up much better than Gold Eagle sales.

Gold Maple vs Gold Eagle Sales (ounces)

Gold Maple Q1 = 269,000

Gold Maple Q2 = 403,000

Gold Maple Q3 = 195,000

Total Q1-Q3 = 867,000

Gold Eagle Q1 = 292,500

Gold Eagle Q2 = 336,000

Gold Eagle Q3 = 75,000

Total Q1-Q3 = 703,000

Here we can see that Canadian Gold Maples sold 195,000 oz during the third quarter compared to 75,000 oz of Gold Eagles.  So, in the first nine months of 2013, Gold Maples have sold 23% more (164,000 oz) than Gold Eagles.

Gold & Silver Maples Sales Already Surpass 2012 Totals

Demand for the Gold & Silver Maple Leaf coins have been so strong in the first three-quarters of 2013 that they have already beat the total figures for 2012:

Total Silver Maple Leaf sales in the first nine months of 2013 were 19.7 million, surpassing the total 18.1 million for 2012.  In addition, Gold Maple sales are already 12% higher at 867,000 oz compared to 772,000 oz for the total in 2012.

If this strong sales trend continues, we may see another ALL TIME RECORD in Silver Maple sales in 2013.  In 2011, the Royal Canadian Mint sold 23.1 million Silver Maples which is only 3.4 million more than has been sold in the first three-quarters of 2013.

I would imagine we are going to see at least an additional 4.5-5 million Silver Maples sold in the last quarter which would bring the total for 2013 to be 24.5-25 million.  I don’t believe Gold Maple sales in 2013 will surpass their record of 1,150.285 set in 2011.  We would have to see more than 284,000 oz of Gold Maple sold in the remaining quarter of 2013 to beat this record.

This just goes to show how much more investors are buying Silver Maples & Eagles compared to their gold cousins… the Gold Maples & Eagles.

I believe silver will outperform gold in percentage terms as an investment and store of value in the next several years.  As I have mentioned several times in prior articles, the Fed and monetary authorities can print money, but they cannot print Silver, Gold or Barrels of Oil.

As gold revalues much higher in the future, most of the public will only be able to purchase silver as its price will be more afordable.  Thus, the demand for silver will be much greater than gold, pushing its value up to levels that the present disgruntled precious metal investors would believe impossible.

October Chinese gold imports from HK massive 131 tonnes

Far from slowing down, net Chinese gold imports through Hong Kong accelerated in October to 131.2 tonnes according to figures sent to Reuters today - the seventh month this year that China has imported over 100 tonnes of gold and the sixth in a row. 

Click Here To Read More From MineWeb:

In The Future, You May Have To Pay The Bank To Hold Your Money!

The economy is stuck in a weak recovery and unemployment remains high, but the Federal Reserve long ago exhausted the normal tool it uses to spur economic growth.

Now, it is considering a policy change that could lead banks to charge depositors negative interest rates.

Read more: http://www.businessinsider.com/in-the-future-you-may-have-to-pay-the-bank-to-hold-your-money-2013-11#ixzz2ljyMv3QE

Super Typhoon Haiyan Hits The Phillipines!!! Strongest Storm To Hit The Planet In Recorded History!

If You Want To Know Why The Rupee Is Crashing, Just Look At The Chart Below!!! Plain And Simple!

In The Past 2 Years India's Money Supply has increased 28% From 70 Trillion To 90 Trillion Rupees

Judge :David-Wynn: Miller Quantum Grammer Seminar

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Lindsey Williams - 10-22-13 -- What is coming down for America -- get ready now!!!

The Truth About the Health Care Bills - Michael Connelly, Ret. Constitutional Attorney

Well, I have done it! I have read the entire text of proposed House Bill 3200: The Affordable Health Care Choices Act of 2009. I studied it with particular emphasis from my area of expertise, constitutional law. I was frankly concerned that parts of the proposed law that were being discussed might be unconstitutional. What I found was far worse than what I had heard or expected.

To begin with, much of what has been said about the law and its implications is in fact true, despite what the Democrats and the media are saying. The law does provide for rationing of health care, particularly where senior citizens and other classes of citizens are involved, free health care for illegal immigrants, free abortion services, and probably forced participation in abortions by members of the medical profession.

The Bill will also eventually force private insurance companies out of business, and put everyone into a government run system. All decisions about personal health care will ultimately be made by federal bureaucrats, and most of them will not be health care professionals. Hospital admissions, payments to physicians, and allocations of necessary medical devices will be strictly controlled by the government.

However, as scary as all of that is, it just scratches the surface. In fact, I have concluded that this legislation really has no intention of providing affordable health care choices. Instead it is a convenient cover for the most massive transfer of power to the Executive Branch of government that has ever occurred, or even been contemplated. If this law or a similar one is adopted, major portions of the Constitution of the United States will effectively have been destroyed.

The first thing to go will be the masterfully crafted balance of power between the Executive, Legislative, and Judicial branches of the U.S. Government. The Congress will be transferring to the Obama Administration authority in a number of different areas over the lives of the American people, and the businesses they own.

The irony is that the Congress doesn’t have any authority to legislate in most of those areas to begin with! I defy anyone to read the text of the U.S. Constitution and find any authority granted to the members of Congress to regulate health care.

This legislation also provides for access, by the appointees of the Obama administration, in direct violation of the specific provisions of the 4th Amendment to the Constitution, of all of your personal healthcare information, your personal financial information, and the information of your employer, physician, and hospital. All of this is a protecting against unreasonable searches and seizures. You can also forget about the right to privacy. That will have been legislated into oblivion regardless of what the 3rd and 4th Amendments may provide.

If you decide not to have healthcare insurance, or if you have private insurance that is not deemed acceptable to the Health Choices Administrator appointed by Obama, there will be a tax imposed on you. It is called a tax instead of a fine because of the intent to avoid application of the due process clause of the 5th Amendment. However , that doesn’t work because since there is nothing in the law that allows you to contest or appeal the imposition of the tax, it is definitely depriving someone of property without the due process of law.

So, there are three of those pesky amendments that the far left hate so much, out the original ten in the Bill of Rights, that are effectively nullified by this law. It doesn’t stop there though.

The 9th Amendment that provides: The enumeration in the Constitution, of certain rights, shall not be construed to deny or disparage others retained by the people;

The 10th Amendment states: The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are preserved to the States respectively, or to the people. Under the provisions of this piece of Congressional handiwork neither the people nor the states are going to have any rights or powers at all in many areas that once were theirs to control.

I could write many more pages about this legislation, but I think you get the idea.

This is not about health care; it is about seizing power and limiting rights. Article 6 of the Constitution requires the members of both houses of Congress to “be bound by oath or affirmation to support the Constitution.” If I was a member of Congress I would not be able to vote for this legislation or anything like it, without feeling I was violating that sacred oath or affirmation. If I voted for it anyway, I would hope the American people would hold me accountable.

For those who might doubt the nature of this threat, I suggest they consult the source, the US Constitution, and Bill of Rights. There you can see exactly what we are about to have taken from us.

Michael Connelly (First published in June 2012)
Retired attorney,
Constitutional Law Instructor
Carrollton, Texas

- See more at: http://www.lindseywilliams.net/#sthash.KrrG2AON.dpuf

Australia lifts debt ceiling by 66% - no shutdown required

The Australian government has hiked its debt borrowing limit by two-thirds in a bid to alleviate concerns over a fiscal crisis.

The moves comes just after the U.S. Congress thrashed out a last-minute deal to raise its $17 trillion debt limit last week, following a 16-day partial government shutdown and fears that the world's largest economy could default on its debt.

Click here to read more at CNBC