29
Jun
2015

Grexit?, BIS Warning, Chinese Market Crash & Systemic Risk Shake the Global Economy

- Persistent low rates leave central banks with no ammunition to fight next crisis – BIS says short-sighted central banks and governments contributed to current weaknesses – Lack of policy options have forced some central banks to stretch “boundaries of the unthinkable” – Bust in developed economies the main risk facing global economy – Greece […]

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26
Jun
2015

Not Owning Gold Bullion Shows “Ignorance of Monetary History”

- “Gold remains in secular bull market” – System is addicted to unsustainable debt – Persistent deflationary forces threaten system – Monetary authorities to take increasingly risky measures to engender inflation – Debt based monetary system is crux of problem – “All available means” deployed to prevent global government bond bubble from bursting – Aversion […]

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25
Jun
2015

“They Can’t Print Money Forever” – Ron Paul

- Former U.S. Congressman blasts Fed’s role in markets – Gives scathing analysis of modern economics and markets – Highlights complete disregard of economic fundamentals in investment decisions today – As will be the case with Greece, U.S. will eventually be forced to liquidate debt – Attempts to forecast day of reckoning are futile as […]

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24
Jun
2015

“Being Fed Garbage” Re Gold and Complacency Rules… For Now”

- GoldCore interview with Kerry Lutz on the Financial Survival Network – Gradual realisation that central bank “masters of the universe” -“We all know that bad stuff is going to happen, we just don’t know when it is going to happen” -“The penny is beginning to drop that … we are coming very close to […]

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23
Jun
2015

Doubts Over UK’s “Fintech” in Age of Cyber War

- Doubts over City of London’s “fintech” in age of cyber war – Thousands left in “financial limbo” after tech “error” – 600,000 RBS customer payments go “missing” in “system failure” – Glitch comes after bank was fined £56 million in November for 2012 tech fiasco – Failure is “the latest of many in the […]

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22
Jun
2015

Hold “Physical Cash,” “Including Gold and Silver” To Protect Against “Systemic Risk” – Fidelity

- Hold physical cash “including gold and silver” says manager in one of largest mutual fund and financial services groups in the world – “Systemic risk” threat to deposits says respected Fidelity  fund manager – Record global debt unlikely to be sustained by higher interest rates – Banks may not be prepared for “shock” of […]

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19
Jun
2015

Greek Contagion Abyss Looms – Wealth Preservation Strategies

Greece, EU and Banks Staring Into Abyss Markets Are “Irrationally Exuberant” – Gods Punish Hubris “Invisible Hand” Propping Up Sanguine Markets Short Term Considerations Long Term Considerations Best Case Outcomes Worst Case Outcomes Wealth Preservation Strategies We are here, staring into the abyss. The greatest monetary experiment of the modern world – the euro, encapsulating […]

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18
Jun
2015

Russia Buys Gold Bullion For “Principles Of Diversification” – Central Bank Governor

- Russia “bought gold” for “diversification” – Russian Central Governor Nabiullina – Russian central bank prefers gold bullion to euros or dollars –  Russia points out that other countries have a  “bigger share of gold in their reserves” – “Can’t imagine a situation where bitcoins would be considered a reserve currency” – On bitcoin – […]

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17
Jun
2015

“People Can No Longer Buy Retail Gold Coins”

- Armstrong and blogosphere on shortage of gold coins in Europe – No shortage of gold whatsoever at retail level in Europe – Gold demand in most of Europe quite mixed despite significant risks – Germany, Switzerland, Greece seeing strong demand but no shortages – Alarmist warning that governments to make gold “illegal” – Poor […]

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16
Jun
2015

Gold Bullion Worth $1 Billion To Be “Repatriated” From NY Fed To New Texas Bullion Depository

- Texas creates state gold depository – bringing gold home from New York Fed – Move to remove gold from Federal Reserve highlights distrust – Follows repatriation moves by Germany, Netherlands, Austria and others – Legislation will prevent Federal government from confiscating gold – Includes provisions that may lead to return to using gold as […]

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