Posted by seumasach on January 15, 2023
Alistair MacLeod
13th January, 2023
Gold and silver were in bullish mode this week, with gold rising strongly and silver consolidating earlier gains. This morning in European trade, gold was at $1905, up $40 from last Friday’s close. On the same time frame silver was unchanged to trade at $23.78. Comex volumes were healthy in both metals.
Posted in Currency Wars | Tagged: gold | Leave a Comment »
Posted by seumasach on May 1, 2013
Paul Craig Roberts
Institute for Political Economy
16th April, 2013
April 18 Note: At the online retailer Gainesville coins, and everywhere else, the increased premiums above the spot price of gold and silver indicate that the demand for bullion possession, that is, the demand for the metal itself, is greater than the price established in the paper market by manipulation.
Posted in Currency Wars | Tagged: comex gold, gold, gold manipulation, gold short-selling | Leave a Comment »
Posted by seumasach on April 28, 2013
A Multi-billion Treasure Trove in Lower Manhattan
Michel Chossudovsky
26th April, 2013
Germany is repatriating its gold reserves from the New York Federal Reserve. This decision has created a frenzy in the gold market. But that is just the tip of the iceberg.
Posted in Currency Wars | Tagged: german gold reserves, gold | Leave a Comment »
Posted by seumasach on January 16, 2013
John Butler
11th January, 2013
In a report published today, the Official Monetary and Financial Institutions Forum (OMFIF), a global organization of central banks and sovereign wealth funds, recommends that gold be remonetized for use as international money, alongside major currencies.
Posted in Financial crisis | Tagged: gold, new financial architecture | Leave a Comment »
Posted by seumasach on August 20, 2011
Posted in Financial crisis | Tagged: comex gold, gold | Leave a Comment »
Posted by seumasach on September 27, 2010
Jim Willie
23rd September, 2010
Japan has proved without confusion that 0% is a permanent stuck position. The United States will repeat the path, but with a vast mudslide. Japan has had the advantage of a strong industrial base, a sizeable trade surplus, and no war budget. Thus it has been capable of funding much of its own deficits. It does possess a big debt burden. But the US has $1 of new debt for every $1 in government revenue. The US war budget is almost as large as its total revenue. The US depends upon foreign creditors, many of whom have been thoroughly alienated.
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Posted by seumasach on August 29, 2010
The Mogambo Guru
28th August, 2010
I remember the good old days of the Cold War when the Russians were humorless robots who could always manage to catch James Bond, a British secret agent better known by his “License to Kill” number – 007.
But the clumsy, doltish Russians could never hold onto him, and in the process, a lot of Russian secret agents, soldiers, miscellaneous employees, assorted affiliates and innocent bystanders died, usually in a blaze of gunfire or explosions of some kind.
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Posted by seumasach on November 26, 2009
26th November, 2009
Gold hits a record high for the third time this week as the dollar index falls to its lowest in 15 months, stimulating investors to find an alternative.
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Posted by seumasach on November 4, 2009
Nov. 3 (Bloomberg) — Gold jumped to a record after India’s central bank bought 200 metric tons of the metal from the International Monetary Fund, heightening speculation that there may be more official purchases.
Posted in Financial crisis | Tagged: dollar collapse, gold | Leave a Comment »
Posted by seumasach on October 10, 2009
Jim Willie
8th October, 2009
The story hit like a thief in the night, even bearing Biblical proportions. The end of the exlusive sale of MidEast oil in USDollars, the rise of Russian and Chinese influence in the Persian Gulf, the rise in importance for the Intl Monetary Fund basket of currencies, the final clarion call for the free ride by Americans on the Dollar Credit Card, and hidden implications that the Saudis must shop for a new security lord in the region with broad military might, these are revolutionary steps with profound geopolitical implications.
Posted in Financial crisis, Multipolar world | Tagged: dollar collapse, End of empire, gold, Multipolar world, new financial architecture, reserve currencies | Leave a Comment »
Posted by smeddum on October 7, 2009
Gold Trades Near Record, May Gain on Dollar Weakness, Inflation
By Kim Kyoungwha
Oct. 7 (Bloomberg) — Gold traded near a record after investors bought the metal to hedge against a declining dollar and pickup in inflation.
Bullion, which typically moves inversely to the U.S. currency, surged to an all-time high yesterday after Australia unexpectedly raised interest rates, hurting the dollar. The metal has risen 18 percent this year as governments boost spending to pull their economies out of recession, sparking speculation rising money supply will debase paper currencies. Read the rest of this entry »
Posted in Financial crisis | Tagged: dollar decline, gold | Leave a Comment »
In These New Times 