goldandsilverlinings.com

An interesting article out of Germany on possible bank runs that may be developing in slow motion. It also notes experts asking that the ECB backstop more loans since a runaway bank run would be very hard to stop.

I wonder how many in North America have even $100-200 in cash at home?

See full article here.

Tags: bank runs, Europe, Spiegel

I attended the McEwen Mining AGM this afternoon, here is an update Ian noted Argentina government hassles will delay funds.  They must go thru central bank.  Funds must be moved into peso’s, then you need to get permission to transfer funds out of the country, this is expected to cost them $1.5 million this year. also [...]

A modest pension fund in Japan has decided to take a 1.5% exposure to gold. The more interesting part is Nomura has recently decided that they would actually measure gold in their retail investor survey. It now ranks as the 3rd most desirable investment. So how do we know gold ins’t near a bubble, CAUSE [...]

Eric Sprott has heard that JPM is likely over $4 Billion + in losses now. See attached link.

It would seem Greece was in serious depression territory before the election. January – March 2012 GDP dropped 6.2%. See article here.

Below is a link to an interesting read. Lots of rumours and possible conspiracy theory but if even part of what is said is true we could be on the cusp of some great moves up in gold. I don’t think anyone can argue that the Chinese are very likely picking off physical at current [...]

With the regular 9 o’clock wacking in gold currently taking place witha pullback to 1615 presently, it’s ironic to note that China imported 135 tons on gold in Q1 2012 vs 19 tons in Q1 2011, a 6 X increase. It should also be noted that 62 tons on this was in March so there [...]

Seems like we may not get thru the summer without some serious battles in the middle east. Israel just did an emergency call up of 6 battalions with 16 more on standby. The reason isn’t neccessarily Iran, but I’m sure that’s a secondary reason. The primary reason is Egyptian border concerns and the general state [...]

According to Alf Fields Apr 4th was likely the low for gold at 1612, here is what he says… “Elliott Wave Gold Update: In the article “What Happened to Gold” dated 1 march 2012, the “other possibilities” mentioned in the event of gold dropping below $1650 related firstly to the 61.8% retracement of the prior [...]

Interesting video clip on how any particular country may decide to back their currency with gold, such as Russia, leading to a run on other currencies. See video clip here.