10
Mar
2015

‘BREXIT’ Poses Risks To Sterling, FTSE and London Property

Political uncertainty beginning to impact bond and property markets UK bonds and stocks at all time record highs and ‘bubbly’ FTSE looks overvalued and ripe for sharp correction “Air of caution in the run-up to the general election” hits London property City of London has most to lose from Brexit Brexit may isolate UK – […]

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09
Mar
2015

Currency Wars Pose Risks To Euro and All Currencies – IMF Concedes End To Dollar Hegemony

– Dollar has declined as reserve currency over past decade from 70% of global reserves to 61% – Chinese yuan is growing in stature as international currency – IMF deputy director calls for de-dollarisation in emerging markets – Many countries have begun de-dollarising – BRICS development bank – rivaling the IMF and World Bank – […]

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06
Mar
2015

Apple To Consume 1/3 Of World’s Annual Gold Supply?

– There is a major new buyer in the gold market – Apple – New Apple watch could use up to one third of total annual gold supply – Apple expects to sell one million gold watches per month – Each watch to use up to two ounces of gold – May have enormous ramifications […]

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05
Mar
2015

“Cyber Security Loophole” Gives Hackers “Unfettered Access” To Accounts

– Bank accounts at majority of banks in Britain and Ireland are vulnerable to hacking says Financial Times  – Two-step authentication process used by most banks is inadequate  – Vulnerabilities identified similar to those that were used by hackers to steal up to $1 billion across Eastern Europe  – UK regulator says bank customers must […]

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04
Mar
2015

Canada’s Central Bank Requests End To Defacing of Debasing Canadian Dollar

– From “Spocking” in Canada to overtly political imagery in Greece, paper currency is growing in popularity – Outpouring of affection for Leonard Nimoy has inspired the phenomenon of “Spocking” in Canada – Greek artist Stefanos alters euro notes to deliver a political message – Defacing notes is illegal and a criminal offence in the […]

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03
Mar
2015

Banking Crisis Reemerges in Austria – “Bail-In Is Now the Rule” as Noonan Warned

– Auditors find €7.6 billion hole in Austria’s “bad bank”, Heta Asset Resolution AG – Austria’s government says it will not give Heta “a single euro” – Emergency legislation passed last month means bondholders to be bailed in – Risk of contagion high as other banks may hold Heta bonds – “Bail-in is now the […]

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02
Mar
2015

Gold Demand in Ireland, Europe and U.S. – Reuters Interview GoldCore

Jan Harvey thomsonreuters.com We were hearing quite a bit about rising physical demand in Europe earlier this year, as a confluence of factors (euro zone QE, SNB scrapping franc peg to euro, Greek election outcome) came together to support buying. Here to discuss how that has developed in February is Mark O’Byrne, executive director of […]

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27
Feb
2015

Gold Sovereigns Bought In Volume in Greece as New Greek Drachmas Designed

– Greece warns may default on IMF loan next week – Greek bank runs continue and deposits flee – German Bundestag votes for bailout extension – Syriza agree to a bailout extension of four months, in return for concessions yet to be approved by the EU – Questions over Syriza negotiating a weak deal despite […]

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26
Feb
2015

“Green Shoots?” EU Warns of Debt Dangers Facing Ireland

– High “structural” unemployment, high levels of public and private debt and a still vulnerable banking sector are weighing on the Irish economy  – Report further casts doubt on the “recovery” narrative being touted by governments, banks and vested interests across the world  – Levels of spin and denial not seen since before the crash […]

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25
Feb
2015

12 Reasons Why Ritholtz and Many Irish Experts Are Mistaken On Gold

 Being involved in the fairly niche business of an international gold brokerage for nearly 12 years now, we find ourselves continuously engaged in conversation with people who demonstrate an incredible lack of understanding of the function of gold and the importance of gold as a DIVERSIFICATION and as a SAFE HAVEN asset. This lack of […]

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