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

Gold and Silver Prices - 100 Year Historical Chart

Charts the monthly inflation-adjusted price levels of gold  and silver since 1915.
Source:	London Bullion Market Association

Click here to see a large Image as well as other charts at Macrotrends.com

Over 50 Million Oz. Of Silver Dumped In 5 Minutes (1.5 X Total U.S. Production in one year)!

In an attempt to flash-smash silver and prevent a weekly close above the critical $35 level, the cartel dumped an estimated 51 MILLION OUNCES of paper silver on the futures market in only 5 minutes on this morning’s non-farm payrolls release between 8:30 and 8:35 AM EST.


Click here to read more at SilverDoctors.com

G. Edward Griffin - "Legalized Plunder of the American People"

G. Edward Griffin does an excellent job summarizing the nature of the Federal Reserve and what they are doing to the american people. This short clip is a great video to help wake up that friend or family member who is on the verge of becoming awake and aware to the greatest problem we face as a nation.

TED BUTLER: THE ARGUMENTS AGAINST A SILVER MANIPULATION

By Ted Butler

No matter how convinced I may be that silver has been manipulated downward in price by JPMorgan’s concentrated and rapidly increasing short position in COMEX futures contracts; it is vital to explore why that may be wrong. Particularly with a conviction held for a long period of time, it is important to make sure I am not missing anything basic. The best way to do that is to listen closely to those who may disagree with the silver manipulation allegations. However, uncovering the arguments against a silver manipulation is not as easy as you might think.

Click here to read Ted's article at SilverDoctors.com

China Buys North Korea Gold Reserves as South Korea Increased Gold Reserves By 30% (16 Tonnes); Paraguay Buys First Time

The IMF reported that various countries continued diversifying into gold in July, some significantly.

South Korean gold reserves rose a sharp 16 tonnes for a 30% increase in total gold reserves.  

Paraguay became the latest central bank to begin diversifying into gold. Their gold reserves rose sharply - from a few thousand ounces to over 8 tonnes.

Click her to read more at goldseek.com

China Central Bank Makes Record $46 Billion Injection Into Money Markets

China’s central bank added a record 290 billion yuan ($46 billion) to the financial system using reverse-repurchase agreements, seeking to address a cash squeeze in the run-up to a weeklong holiday.

The People’s Bank of China conducted 190 billion yuan of 28-day reverse repos and offered 100 billion yuan of 14-day contracts, according to a trader at a primary dealer required to bid at the auctions. Today’s total is the highest for a single day in Bloomberg data going back to 2004.

Click here to read more from Bloomberg.com

Reflections on the effects of War as compared to the effects of Fiat Money

Modern warfare is highly destructive. A couple of centuries ago, wars involved fighting between armies; civilians were spared. Cannons were directed at the opposing army.

Today, war means general destruction; civilians on the losing side can expect to be plundered, killed or raped. Cities are targeted for mass destruction. We rode a bus through post-war Germany in 1948, and recall that the city of Bremen was simply miles of rubble piled up on either side of a road cleared for traffic.

Click Here To Read More At Plata.Com.Mx

IS JP MORGAN SHORTING PAPER METALS WHILE ACQUIRING MASSIVE PHYSICAL STOCKPILES?

As silver investors are likely aware, leading silver analyst Ted Butler has openly speculated whether JP Morgan’s alleged massive short silver position is held on behalf a client such as the Federal Reserve (with the intent to prop up the dollar by suppressing gold and silver) or the Chinese government (with the intent of acquiring physical gold and silver bullion at a discount due to their massive paper short position on the futures market).


Clkick Here to read more from Silverdoctors.com

Lindsey Williams: "The New World Order Will Own Your Real Estate."

The Bank of Japan Joins the Money Printing Party With 10 Trillion more Yen!

If Ben Bernanke was hoping that he could demolish the US dollar with never-ending money-printing, he might need to rethink his plans.

Because he’s got competition.

The Bank of Japan joined the party, throwing another ¥10trn at the market. The move took analysts by surprise – they’d expected action next month instead.

Click here to read more from MoneyMorning

Must See Site! US Federal Budget Visualized - Your Tax Dollars at Work!

With The World's debt based monetary system we have reached a point where we need to discuss Trillions and Quadrillions. Thinking in Billions will just not cut it any longer. For most people there isn't much difference between $100 Million, $1 Billion or $1 Trillion. More and More debt and in return currency needs to be created to keep the system alive. Here is a great site that helps us see just how big the problems are.

Click Here To Start To Understand Just How Serious The World's Debt Problems Are!

Federal Tax Receipts Tumble As Outlays And Debt Soar!!

The US federal government spent $369 billion in August, but only received $179 billion in revenue. The resulting $190 billion deficit was a record for any August and the third highest monthly deficit in the current fiscal year, which ends on September 30th.
Click Here To Read More From FGMR.com

Lindsey Williams : The Dollar Died on Sept 6th While You Were Watching The Democratic Convention

Dollar no longer primary oil currency as China begins to sell oil using Yuan!

On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.

Lindsey Williams: "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine."

Click here to read more at WWW.examiner.com

Fed to launch QE3 of $40 billion MBS each month!! Power Up The Printing Press!

By an 11-to-1 vote, the Federal Reserve on Thursday decided to launch a new program of open-ended bond purchases -- so-called QE3 -- saying it will buy $40 billion of agency mortgage-backed securities each month, starting Friday. It's also keeping in place so-called Operation Twist, which consists of swapping short-dated securities for longer-term securities, as well as reinvesting the proceeds of maturing securities, so the central bank will be adding $85 billion of long-term securities each month through the end of the year. The Fed also extended its pledge to keep interest rates exceptionally low -- Fed funds rates are currently targeted at a rate between 0% and 0.25% -- from late 2014 to "at least through mid-2015."

Click here to read more from MarketWatch.com

China, Germany plan to settle more trade in yuan, euros!

Germany and China plan to conduct an increasing amount of their trade in euros and yuan, the two nations said in a joint statement after talks between Chancellor Angela Merkel and Chinese Premier Wen Jiabao in Beijing on Thursday.

Click here to read more at Reuters.com

PBOC Advisor Recommends China Add Silver To Official Reserves

A prominent PBOC Advisor has stated that US Treasuries are not safe in the medium to long term, and has recommended China increase it’s gold reserves as well as add silver to it’s official reserves.

If confirmed, this is a potential game changer for silver that is so monumental it could literally blast silver from the upper $20′s through it’s all-time nominal high near $50 and closer to 3 figure range OVERNIGHT.

Click here to read more at SilverDoctors.Com

Eric Sprott Talks About A Shortage Of Physical Gold!

“When I reflect back over the decade, I think I can come almost come up with 2,500 tons of net change in physical demand, in a 4,000 ton market on the supply side, which hasn’t changed in that 12 years, that was in balance 12 years ago.  How do these ETF’s get to buy gold?  How do these central banks go from sellers to buyers?”

"There’s a shortage of physical gold already (that’s available for sale at these levels)." 


Click Here To Read More From KingWorldNews.Com

2 Billionaire Investors (Soros & Paulson) Move Back Into Gold In A Big Way!!

Hedge-fund manager George Soros nearly tripled his stake in the most popular U.S. gold fund during the second quarter. Soros Fund Management held 884,400 shares of the SPDR Gold Trust (GLD) as of June 30, up from 319,550 on March 31.

John Paulson, the hedge-fund manager who is the single biggest reported holder of the SPDR Gold Trust, also revealed more GLD. Paulson & Co.’s holdings rose to 21.8 million shares as of the end of June, versus 17.3 million in the previous reporting period.

Click Here To Read More At Barrons.com

The CFTC Silver Investigation

By Theodore Butler:

There has been an explosion of interest and commentary these past few days as a

 result of a front page story in Monday’s edition of the influential Financial Times 

(of London). The story stated that the CFTC was set to drop its four year 

investigation into alleged silver price manipulation due to insufficient evidence to 

bring charges, according to three unnamed sources. I went to sleep Sunday evening 

when the story first appeared prepared to wake up to similar and confirming

 stories in other publications. Instead, there were no other stories confirming the 

case was set to be dropped; only strong statements that the FT was story was 

“premature” and “inaccurate in many respects” by a named source, Commissioner 

Bart Chilton of the agency.


Continue reading here at Silverseek.com

S.Korea central bank says it bought 16 tonnes of gold in July

SEOUL, Aug 2 (Reuters) - South Korea's central bank said on Thursday that it bought 16 tonnes of gold inJuly as easing financial markets after a turbulent 

June allowed it to push ahead with efforts to 

diversify its massive foreign exchange reserves.
    It put the total value of the purchase, which 

was made on multiple occasions during July and 

boosted its gold holdings to 70.4 tonnes, at 

$810 million, slightly less than $850 million it
spent buying 15 tonnes of gold in November of last year

Click Here To Read More At Reuters.com

Hong Kong's largest bullion vault reflects increased demand for gold in Asia

SINGAPORE: Hong Kong's largest gold-storage facility, which can hold about 22% of the bullion now in Fort Knox in the US, will open in September to meet rising demand from banks and the wealthy, according to owner Malca-Amit Global.

The facility, located on the ground floor of a building within the international airport compound , has capacity for 1,000 tonne, said Joshua Rotbart, general manager for the Hong Kong based company's Malca-Amit Precious Metals unit.

Read more here at TheEconomicTimes.Com