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Posted by rahrens_1 on May 14th 2013
Gold Demand in Dubai 10X Normal Since April Gold Crash
More evidence that physical gold is in significant demand, not just in China and India but also in the Middle East.
See Article here.
Posted by rahrens_1 on April 21st 2013
Could $500/oz Gold Premiums Be In Our Near Future?
According to Jim Willie they may be. Jim appears to have some contacts in Dubai that are telling him, like everywhere else, there is no gold/silver available. The interesting part is that his contact says gold premiums could rise to $500-600/oz over the next couple months for gold in volume. He also mentioned to Jim [...]
Posted by rahrens_1 on April 04th 2013
Italian Bank CEO Thinks Confiscation Should Be Part Of Basel Agreement
He’s basically saying that everyone should agree to confiscation so money can’t jump from country to country. No one can say they haven’t officially been warned… See article here.
Posted by rahrens_1 on April 03rd 2013
Dutch Bank ABN AMRO Defaults On Gold Deliveries
No wonder they are pushing gold down so much. They don’t want to have to pay out any more cash than they have to in order to cover these obligations. See link here.
Posted by rahrens_1 on March 27th 2013
Provision In Canadian 2013 Budget For Bail-in’s
This is scary but not terribly surprising… The official 2013 Canadian budget contains an explicit provision that Canada will pursue the bail-in model for systemically important banks for future bank failures! Titled ECONOMIC ACTION PLAN 2013 From Plan 2013 Page 144: (pg 154 of pdf) “The Government also recognizes the need to manage the risks [...]
Posted by rahrens_1 on March 23rd 2013
Cyprus President’s Friends Move $4.5 Billion Out Before Crisis
This is conjunction with 10,000 uber rich being left holding the bag will definitely put a price on the Cyprus presidents head but will also cause all the rich to flee Europe. Hope other European banks are ready… See link here.
Posted by rahrens_1 on March 16th 2013
Jim Sinclair Says Cyprus Could End Badly Due To Russian Money Being Taken
Sinclair says this IMF taking of up to 10% of deposits are mainly Russian deposits and could have significant impact on gold. See link here.
Posted by rahrens_1 on March 16th 2013
Bank Run In Cyprus – Government Takes Portion Of Deposits As Bailout
Innovative way to bailout banks… See link here.
Posted by rahrens_1 on March 13th 2013
Great Kyle Bass Presentation on Japan
He has some great insights, some interesting points he makes. He see’s the yen going to 250, he also thinks the best investment he’d make where you could go away and leave it for 10 yrs, is buy gold, short the yen. See presentation here.
