31
Jul
2015

Perth Mint and U.S. Mint Cannot Meet Demand as Gold Bullion Demand Surges

- Perth Mint sees surge in demand and cannot keep up with demand – “Our biggest restriction is the amount of unrefined gold we’re getting in from producers” – Very high demand for Perth Mint coins, bars coming from Asia, U.S. and Europe – U.S. Mint sees highest sales of gold coins in over 2 […]

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30
Jul
2015

Threat Of Cyber War – “Other Reason To Own Physical Gold” – Rickards

- “Physical gold is a non-digital asset. You can’t attack it with cyberwarfare” – Rickards – Greek crisis was necessary step towards fiscal unity in Europe – “Euro creators want to force common fiscal control – Eurobonds” – Currency wars between U.S. and China may resume next year – Rickards emphasises importance of holding physical […]

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29
Jul
2015

Bail-Ins at “Bad Bank” Unconstitutional Says Austrian Court

- Austrian decision to renege on guarantees made to junior bondholders overturned – Court does not overrule bail-ins per se – Bail-in legislation still in place across Europe – EU deadline to implement bail-in legislation by end of this month – Depositors – savers and capital of SMEs exposed to bail-ins An attempt by Austria […]

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28
Jul
2015

Buy and “Own Krugerrands” Says Legendary Jim Grant

- “I own Krugerrands” says legendary Jim Grant – He is “very bullish indeed” on gold – Gold is “investment in financial and monetary disorder” – says Grant –  It thrives in current environment – “uncertainty, turbulence and disorder” – “One of the most radical periods of monetary experimentation in the annals of money” – […]

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27
Jul
2015

Gold Bullion “Extremely Rare” – All World’s Gold Fits In Average Four Bedroom House

- Gold is extremely rare and all gold ever mined would fit in giant bar the size of a four bedroom house – Gold is a tangible asset which always retains value – unlike paper assets – Growing Chinese, Indian and Asian middle class provide “fundamental pillar of support” to gold – Jewellery is not […]

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24
Jul
2015

Bail-Ins Of “Big Deposits” In Greece Would Be “Extraordinarily Counter-Productive”

- Bail-ins are a risk facing Greek savers and businesses – ‘The Economist’ warns bail-ins in Greece would be “extraordinarily counter-productive” – Capital controls choking small and medium size businesses – Greek liquidity crisis now a solvency crisis – ELA now provides more liquidity to the Greek banking sector than deposits do – Greece households […]

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23
Jul
2015

Gold Smash Leads to Surge in Demand For Coins, Bars Around World

- U.S. Mint sees highest monthly gold eagle sales in over two years – Indians take advantage of low price in a season not typically known for gold buying – Chinese investors, disillusioned with stock market, are buying gold in large volumes – Demand for coins from Perth Mint 37% higher in June and even […]

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22
Jul
2015

Russians Buy Gold Again In June – Another 25 Tonnes

- Russia adds another 800,000 ounces or 25 tonnes to gold reserves in June – Russia’s has sixth largest gold reserves in the world – Allocates 13% of FX reserves to gold – Central bank buys all Russian gold production – Other Russian gold demand imported – If billionaire oligarchs diversify into gold, prices will […]

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22
Jul
2015

Russians Buy Gold Again In June – Another 25 Tonnes

- Russia adds another 800,000 ounces or 25 tonnes to gold reserves in June – Russia’s has sixth largest gold reserves in the world – Allocates 13% of FX reserves to gold – Central bank buys all Russian gold production – Other Russian gold demand imported – If billionaire oligarchs diversify into gold, prices will […]

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21
Jul
2015

Gold Hammered Down In Sunday Night’s 2-Minute, $2.7 Billion “Unprecedented Attack”

- Gold market comes under “unprecedented attack” – Telegraph – “Sharp drop bore similarities to bear raids by Chinese funds” – FT – Paper contracts for 57 tonnes of gold dumped onto market in two minutes – Gold still holding up in euros, Canadian dollar and other currencies – Very negative sentiment towards gold signals […]

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