The Physical Gold & Silver Beach 2015-2022

Fred & EntendanceInvestors Beach advice to buyers of physical precious metals is the same as always: if you purchased it and you can't hold it in your hand, it isn't yours.

                                                           WHY YOU SHOULD CONSIDER STORING GOLD IN SINGAPORE

                                                                                                   The Singapore vault

                                                       BullionVault lets you buy gold and silver bullion online at the lowest possible price

Avoid banks 

Take care when buying from a bank

Unallocated gold

As you set out to buy gold the first thing you need to know is that 95% of the world's gold traders will automatically sell you the wrong type.
Unallocated gold is the most widely traded form of gold in the world. It hides a way of advantaging the provider - usually a bank - by subjecting buyers to a risk they will frequently remain unaware of until it is too late. The widely quoted 'spot price' refers to this unallocated gold, and this is how it works:
1.When a bank sells you unallocated gold on the spot market you become a creditor - i.e. the bank owes you gold which you do not own. The bank is taking advantage of the fact that you are not quite sure what to do with any gold you buy, and it feels logical - to most gold buyers - to put the gold safely in the bank. When you do this you become, in law, a depositor of gold. Most people now relax in the belief that they own gold completely securely, and they do not pay the little extra - above the spot - to have their trade formally 'allocated'.
2.A bank is required by its regulator to hold a proportion of its liabilities as certain types of assets capable of being turned into cash quickly during times of crisis. It is a liquid reserve and it's there to protect the bank from a common type of problem - a liquidity crisis - which occurs when a bank has short term deposits, long term loans, and insufficient cash to meet the immediate demand for withdrawals. Physical gold bars are accepted as a very good form of liquidity reserve because they can be turned quickly into cash.
3.If a bank has physical possession of some gold which it owes you as its creditor the bank itself is the current owner of the gold. While this gold remains unallocated to you the regulator considers it part of a bank's liquid reserve. This makes unallocated gold an attractive way for the bank to maintain its regulated liquidity, because you have paid for your gold, and the bank is free to use your money, while it is also able to add your unallocated gold holding to its own reserve.
4.So your unallocated gold would be ditched if the bank were in need of cash. It has no choice in the matter because liquid reserves are there to be sold at short notice to protect the bank's general creditors - all of whom, including you, must receive a proportionate share of whatever is raised from the sale of assets should the crisis deepen and the bank become insolvent.
5.If that did happen you would be in a bad position. The bank's small gold reserve would be diluted by non-performing bond portfolios and other assets which don't sell well in a crisis. The last line of defence for bank depositors is deposit protection, which is a state underwritten mainstay of banking confidence in the West. But it does not apply on bullion debts like yours. Deposit protection is there as a confidence-builder for the national currency only, which means unallocated gold actually offers less protection from bank failure than a cash deposit. So having been the provider of the bank's liquidity reserve you will then be in the minority of those offered no protection by the state's guarantee.
6.So it is important not to be impressed by unallocated gold, or by it being physically stored in a bank's vault, or by it being checked daily by bank regulators. Regulators are checking it to make sure the bank maintains a liquid reserve, and they are not interested in your entitlement as a bullion creditor.

Allocated gold is different because you become the outright owner of gold and you are no longer a creditor. Your allocated gold is your property and it cannot be used as the bank's reserve, so with allocated gold you get proper protection from systemic failure.
Unfortunately with allocated gold your money does the bank no good. And since modern banks reckon to earn 20% each year on capital employed, their loss of use of your allocated gold is disappointing for them. This is why banks usually charge nothing for unallocated storage and at least 1.5% per annum for allocated storage, with the result that professionals in the bullion market reckon that less than 1% of gold traded within financial markets is allocated.
This is how the huge majority of the world's owners of bank held gold are - probably unwittingly - storing their personal reserve in a way which fails to meet the most common objective of gold buyers.

                                                                <What normal ordinary market participant (person or entity) would dump 2.7 billion of anything after a market closed when there are no buyers anywhere, unless they didn’t care about price? What seller sells without regard to price?
Answer: A seller that is getting rid of something they stole, or a seller that knows they are selling a forgery.
When a seller illegally hawks something they don’t own they usually try to move it on the black market (aka, Comex, in the case of gold) taking whatever price they can get for it. Or if the seller is selling a fraud or a fake; something artificial that has no real value, then they sell it for whatever they can get for it because they know it is worthless. If you are selling someone else’s property or if you are selling a fake then you sell without regard to price.
In the gold market there are only two types of thieves with the brawn and balls to do such a thing: Big banks selling synthetic paper IOU’s (fake gold) for a short term profit, and big sovereign governments looking to delegitimize physical gold as a way of legitimizing their own printed (fake money) currency.
When criminals are running scared they become increasingly erratic and carless in their behaviors. This is what we were witness to on Sunday morning — desperate criminals on the run and a brazen smash and grab job. It has all the hallmarks of a last act of desperate men.

We must be getting very close to the end …>

Jul 14, 2015 11:26:36 GMT -5 Entendance said:

Greeks Can’t Tap Cash, Gold, Silver In Bank Safety Deposit Boxes

Greek capital controls also prevent access to contents of safe deposit boxes
Restrictions on safe deposit access doesn’t protect banking system unless contents confiscated
 Readers should heed warnings by Marc Faber and Ian Spreadbury of Fidelity
 Important to own assets outside banking system and not in bank safe deposit boxes
 Own physical bullion in private safety deposit boxes and the safest private vaults

Capital controls have been in place in Greece since the start of the month to protect the banks from mass withdrawals by nervous Greeks. They have rightly been concerned about their savings, the collapse of the banking system and the loss of their savings in deposit confiscations or bail-ins.

Many Greeks were also withdrawing their cash because they fear the country might be forced back onto the drachma. However a little known fact is that, Greeks who had prepared for bank runs by withdrawing cash and buying gold and silver bullion and then lodging that bullion and indeed cash into safety deposit boxes have also been caught up in the draconian capital controls.
Fred & EntendanceInvestors Beach advice to buyers of physical precious metals is the same as always: if you purchased it and you can't hold it in your hand, it isn't yours.
“Greeks cannot withdraw cash left in safe deposit boxes at Greek banks as long as capital restrictions remain in place”, Nadia Valavani, a Deputy Finance Minister in Greece told local television station according to a Reuters report.
The report (Greeks cannot tap cash in safe deposit boxes under capital controls) was little noticed at it was published on the less trafficked ‘Bonds’ section of Reuters.com on Sunday July 5th at 1:58 pm EDT or 6:58 pm GMT. Sunday afternoon and evening is a time when traders and investors are likely to be taking a well earned break.

                           JP Morgan And Citi Are Using OTC Derivatives To Manipulate Gold And Silver

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Let's all make this place a thriving sheltered Club for excellence, education and information.

      William Hague: Why I was right to oppose euro from the start

                         ***  "Say it’s not political, say it’s just the way it is that food banks can be cut but big banks need to be bailed out!" ***

"...Gold has been forced lower by western Central Banks and Governments dumping cargo-load upon cargo-load of paper gold onto the market – and an occasional multi-hundred tonne pallet of Central Bank custodial gold onto the LBMA for added effect.

Like all cartel-manipulated activity, the party had to come to an end eventually..."

Roman Debasement
The major silver coin used during the first 220 years of the empire was the denarius.

This coin, between the size of a modern nickel and dime, was worth approximately a day’s wages for a skilled laborer or craftsman. During the first days of the Empire, these coins were of high purity, holding about 4.5 grams of pure silver.
However, with a finite supply of silver and gold entering the empire, Roman spending was limited by the amount of denarii that could be minted.
This made financing the pet-projects of emperors challenging. How was the newest war, thermae, palace, or circus to be paid for?
Roman officials found a way to work around this. By decreasing the purity of their coinage, they were able to make more “silver” coins with the same face value. With more coins in circulation, the government could spend more. And so, the content of silver dropped over the years.
By the time of Marcus Aurelius, the denarius was only about 75% silver. Caracalla tried a different method of debasement. He introduced the “double denarius”, which was worth 2x the denarius in face value. However, it had only the weight of 1.5 denarii. By the time of Gallienus, the coins had barely 5% silver. Each coin was a bronze core with a thin coating of silver. The shine quickly wore off to reveal the poor quality underneath.

The Consequences
The real effects of debasement took time to materialize.
Adding more coins of poorer quality into circulation did not help increase prosperity – it just transferred wealth away from the people, and it meant that more coins were needed to pay for goods and services.
At times, there was runaway inflation in the empire. For example, soldiers demanded far higher wages as the quality of coins diminished.
“Nobody should have any money but I, so that I may bestow it upon the soldiers.” – Caracalla, who raised soldiers pay by 50% near 210 AD.
By 265 AD, when there was only 0.5% silver left in a denarius, prices skyrocketed 1,000% across the Roman Empire.
Only barbarian mercenaries were to be paid in gold...

***The Effects: the collapse of the Roman Empire

"Money is a store of value (or wealth), a medium of exchange as well as a unit of account. In order for money to be effective in the above it has to have the following properties:
· divisible – should be divisible in smaller units
· portable – able to carry it around therefore a high value should be able to be contained in a small space and weight
· homogenous – one unit should be the same as any another unit
· durable – should not be able to be easily destroyed or eroded
· valuable – should have intrinsic value, normally because it is desirable. Should not be able to be created or discovered without reasonable effort (normally a commodity itself).
Gold has all the above properties. It is for this reason that gold has been used as money for centuries. It is for this reason that central banks hold gold as part of their reserves. In fact, it is through holding gold that they could get people to use and trust their fiat currencies.
Silver also has these monetary properties, and it has been used as money for centuries. Furthermore, central banks also used to hold silver as part of their reserves, as well as issue it in the form of coins.
Today, silver has basically been completely demonetized, with virtually no central banks holding silver as part of their reserves. This demonetization happened over a period starting in the 1870s and ran until about the late 60s. The fact that silver was being completely demonetized, while central banks were still holding gold as part of their reserves is a major contributor as to why some see gold as money but silver as a commodity.
The Bretton-Woods was virtually the final nail in the coffin for silver's use as money, when the nations agreed to structure their monetary system around gold and the US dollar (to the exclusion of silver). Today, we are basically in a post Bretton-Woods era, with the monetary landscape having been decimated by the effects (massive credit extension) of Bretton-Woods and that which followed.
Many would say that central banks hate gold , based on the majority of their actions over the last 100 years, at least. However, it is not that central banks hate gold per se, but they hate it when it is in their interest to do so, and they love it when they need it.
For example, they love it, when it gives their currencies credibility, during a time when fiat currencies are being questioned (like during most of the 70s). During this period until about 1976, the central banks were net buyers of gold.
During the 80s, there was still pressure on fiat currencies, which forced central banks to hold on to their gold. During this period, central bank gold reserves remained virtually constant.
By the 90s, the financial landscape had changed to a situation where it was in the interest of most countries to devalue their currencies (to contribute to the great credit bubble). During this period central banks were net sellers of gold and this continued until about 2008/2009.
The 2007/2008 financial crisis brought about a major change in the financial landscape, forcing central banks to become net buyers of gold (which they continue to be). Again, much like the 70s, it is in their interest to buy gold, to support their suspicious currencies.
Since, the 2007/2008 financial crisis, there have been big developments (like the BRICS bank) to replace the US dollar as the reserve currency of world trade. This is set to intensify as more and more currencies are being put under pressure by this continuing financial crisis.
In order for any development to be successful, something like gold has to be used, to provide the necessary credibility. This will (is already) cause a scramble among nations to get as much gold as possible (The US is the exception to this, since it is not in its interest to lose US dollar reserve status).
With this happening, it won't be long before central banks buy silver, especially given that silver has all the monetary properties that gold has. This might seem so unlikely to most, given their recent historical attitude towards silver. However, the only reason they were not interested in silver is because it was in their interest to hate it.
Now, however, it is fast becoming well aligned with their interest of surviving (as a monetary authority or country) and even superseding the current order. After all, it is not like having silver is new thing for them.
Fractal Analysis of the Gold/Silver ratio

On the chart, I have marked the 70s (gold and silver) bull market with black points 1 to 5. (from the low in the ratio to the high in the ratio), and compared it to the latest bull market, which I have marked with blue points 1 to 5 (from the low in the ratio to the high in the ratio). If point 5 occurs lower than 15 (as illustrated), we will have a very accurate fractal (pattern), similar to the one of the 70s (but bigger).
Both patterns started at the bottom of the 100-year range of this ratio, in fact, at a major bottom (1968 & 1980).
The current pattern has not completed yet, and it would suggest that it will only complete at a point much lower than a ratio of 15. Such a completion of the pattern is consistent with the bullish fundamentals of silver (and gold) in relation to paper money – understanding that a lower ratio will likely mean higher gold and silver prices. Note that there is a major battle for the 80 - level of the ratio." -Hubert Moolman

"I define stag-deflation as sluggish economic growth combined with declining leveraged asset prices (such as stocks and real estate). Periods of CPI inflation can still occur, but they are largely the result of food or energy supply disruptions. If money printing only resulted in CPI inflation, then Japan would have experienced hyperinflation long ago.

In this cheap debt, asset price-driven economy, we could easily experience the worst of all worlds - slow economy with too much debt, declining stock and housing markets, and CPI-inflation staying higher than real household incomes. I refer to this as the “Vampire Economy” because it is a Wall Street driven economy that sucks the lifeblood out of just about everything it touches.

The implications for the middle class and most already underfunded pension plans are not good, especially considering the aging baby boomer population.
I believe that financial imbalances resulting from the debt super cycle have reached the point where a long-lasting global recession could easily occur, perhaps starting as early as this year. Under this scenario, economic conditions would not respond to central bank and government stimulus measures, but only get worse over time. Loan demand from credit-worthy borrowers continues to be problematic and a hindrance to economic growth.
With low, and in some cases, negative investment returns occurring down the road, there will be increasing pressure on pension funds. With approximately 10,000 baby boomers reaching the age of 65 every day until the year 2030, the pension problem will likely get much worse. Given the U.S. government debt situation -- $19+ trillion outstanding and at least another $66 trillion of entitlement promises (present value), the outlook is grim. As bad as these numbers are, they are just as bad, if not worse, in Japan and Europe.

Historical experience shows us that we live in perilous times."

Stag-deflation + Aging Population + Continual Central Bank Intervention in the Markets = A Very Bad Result.
Your Path Determines Your Destination. -Tom Cammack

***********

"Buying gold is just buying a put against the idiocy of the political cycle. It's that simple." -Kyle Bass

May 4, 2016 Janus Capital's Scholes Warns of Coming Stagflation VIDEO here

Stagflation is coming, so buy Gold and Silver Bullions to protect at least some of your wealth. E.

Final Catastrophe of the Currency System

The fate of the global economy was decided decades ago as deficits, debts and derivatives started their exponential growth and reached the time bomb phase that we are now in. This final chapter of this 100-year era will end in “a final and total catastrophe of the currency system” as von Mises succinctly articulated.
It started on Jekyll Island

It all started in 1910 when a few senators and bankers, led by JP Morgan, secretly met on Jekyll Island with the purpose to set up the Federal Reserve and so control the banking system. Thus, the Fed was a creation by private bankers and for the benefit of these bankers. Few of them could have imagined the enormous success of their venture as the control of the financial system led to vast fortunes for a very small elite. The back side of these fortunes is global debt of $230 trillion plus unfunded liabilities and derivatives. The total which is in the quadrillions is what the poor masses in the world are liable for. Not that they will ever be able to repay it but the implosion of these debts will lead to misery for the majority of people for generations to come.

Critical to protect yourself against these events
Sadly, things have now gone too far to stop the inevitable currency collapse and implosion of the financial system but that doesn’t mean that it is too late for individuals to protect themselves. As we enter this final phase, there will be panic in financial markets with governments and central banks taking draconian measures. Below are some of the potential risks that all investors must protect themselves against today:
Currency collapse – leading to destruction of capital
Capital controls – making it impossible to take money out of bank or country
Bail-ins – the bank will steal your money in order to try to save itself
Forced investments – compulsory purchase of treasuries with your bank or pension assets
Custodial risk – stocks and bonds will be hypothecated by the bank, leaving you nothing
Bank failures – all your investments will disappear as the bank becomes insolvent
The above list in not exhaustive but it contains the most likely events that will take place in the next few years. Most private investors don’t see these risks and have zero protection against them. And professional money managers haven’t got a clue about real risk, nor do they see any need for protection or insurance. When you manage OPM (Other People’s Money), you take maximum risk in order to benefit from the upside. The downside is not your risk and thus it can be ignored. This strategy works extremely well until the music stops. But as long as money printing and credit creation inflates markets, these professionals will never spend a second worrying about the total destruction of clients’ money.
So how likely are the above risks and how do you protect against them? Anyone who has followed some of my work will know that I consider all the above risks as guaranteed to materialise.

Currency collapse is already happening with all currencies down 97-99% in the last 100 years. The final 1-3% will happen in the next few years as governments print unlimited amounts of money. But remember that the last 1-3% fall is 100% from here and thus a total destruction of money. So whatever cash you have will be totally worthless in the coming hyperinflationary phase.
Capital controls are likely to start within 12-18 months in many countries including the US. As deficits increase and currencies fall, governments will stop anyone from taking money out of the bank as well as out of the country. This is just the next step in the total control money. We have lately seen FATCA (Foreign Account Tax Compliance), cash bans and the OECD AEOI (Automatic Exchange of bank Information). Capital controls will be the next logical step in an attempt to virtually confiscate money. Governments on the road to bankruptcy will take any desperate measure to control the people and their money.

Bail-ins are guaranteed and in the legislation of most Western Countries. The average person has no idea what bail-in is nor its consequences. Simply, it means that for insolvent banks, which will be the case with most banks, governments will not bail them out but instead depositors’ money and assets will be used to cover the banks’ losses. Since banks are leveraged 10-50 times, all the money belonging to the bank customers will be gone. At that point, after the bail-in, governments will need to step in with bail-outs. But any government intervention will be futile since they will just create more debt to solve a debt problem.

Forced investment in treasuries will happen as governments issue an ever increasing amount of debt. At that point, the government will be the only buyer as we are seeing in Japan currently. Therefore, governments will force people to put their bank assets into treasuries to shore up the country’s finances. But then it will of course be too late and all the money going into government bonds will be totally worthless as these bonds go to zero.
Custodial risk means that it is not just clients’ cash which is at risk. Any asset deposited in a bank carries the same risk as cash. In theory stocks, bonds or physical gold should not be in the balance sheet of the bank and therefore not be part of a bankruptcy. Firstly, it could take years for the receiver to sort that out. But more importantly as banks come under pressure they will use client assets in order to shore up the assets of the bank. This was the case for MF Global for example. We often see banks not actually having the allocated physical gold that they have told the customer he possesses. When banks come under pressure, they will take any desperate measure to save themselves and this will definitely include client assets. And don’t believe that the government will help you since they are bankrupt too.

Bank failures will be commonplace in coming years as banks’ irresponsible lending will be exposed. Collapsing asset prices will exacerbate this problem dramatically. Most people believe that money or assets in the bank will be totally safe. Personally I wouldn’t deposit any major amounts of money or assets in a bank. And if I did I would ask for collateral. Banks today are totally untrustworthy borrowers of depositors’ money and anyone hoping to get their money back will soon learn that they won’t.
So if you can’t trust the banks, what do you do with your money? In uncertain times it is essential to avoid counterparty risk. Therefore, no assets must be held with a counterparty who is heavily exposed financially. Directly controlled assets is the best way to control investments. This can be property, land, direct ownership of companies including direct registration of stocks.
The best insurance money can buy

The best and cheapest insurance against the risks outlined above is to hold physical gold and silver. But it is not enough just to own gold and silver but just as important how they are held. It is a sine qua non to hold metals in physical form, outside the financial system and outside your country of residence. It is also critical to have direct access to your wealth preservation asset which should not be held through a counterparty.
Gold and silver will not protect investors against all the problems that the world will experience in coming years. But if they are held in the right way and place, precious metals will be the best insurance against the massive wealth destruction that will take place in the next few years.
-Egon von Greyerz Founder and Managing Partner  Matterhorn Asset Management AG

 I like my cash in thick Silver & Gold bars! E.

In Gold We Trust report 2024 422 PAGES PDF
In Gold We Trust report 2024 Compact 37 PAGES PDF

2017: Gold is important to me***because...

Why are gold and silver called the “precious metals”?

The Top 10 Gold Producing Countries

Put another way, for every ounce of gold created in 2020 there has been $4 million U.S. dollars added to the money supply.
The question for those looking for safe haven investments is: which of these will ultimately hold their value better?

A Historical Perspective

***What Affects the Price of Gold?***

Jan 22, 2020 Gold Price History 

2020: Precious Metals & banksters 

 June 30, 2019 Do Not Store Gold In A Bank Vault Or Safety Deposit Box***

Jun 2019 Battle of the elements: gold has gleamed through the ages

GOLD IS NATURE'S CURRENCY! Gold is important to me because...Gold Is The Only Honest & Sound Money Left

Gold bullion refers to specific pieces of physical metal held in your name and title. It is not a paper proxy for gold, but the real thing—and you own it outright.

When you own gold bullion, you can never suffer a default. There’s no counterparty to make good on a paper contract. Once you buy gold bullion, it’s yours, and it doesn’t require the backing of any bank, government, or brokerage firm.

Gold is...
•Liquid – easily convertible to cash
•Portable – you can hold $50,000 in a small coin tube
•Divisible – splitting up diamonds changes their value
•Durable – how long would wheat last as money?
•Consistent – one piece of real estate is always different than another
•Convenient – copper coins of sufficient value would be too bulky and heavy
•Value dense – high value held in a small quantity
•Private and confidential – you control who knows you own it
Gold has been considered valuable for thousands of years, and it will always have value. No matter what the social, political, or financial climate has been in the world, gold has never gone to zero or defrauded an investor. It is the ultimate form of money.

Only own physical precious metals in safe vaults in safe jurisdictions!

Investing in Gold and Silver: An Introduction

Specifications for Good Delivery Silver & Gold Bars

Good Delivery List

Should I Invest in Precious Metals Bars or Coins

Storing Precious Metals & Bullion

The Gold/Silver ratio measures the relative strength of gold versus silver prices. It shows how many ounces of silver it takes to purchase one ounce of gold.

Throughout history people used both gold and silver as money, minting coins from these two rare and beautiful precious metals.

Upon the death of Alexander the Great, it was 12.5 ounces of silver to every 1 ounce of gold. Historically, however, it’s been more like 15 to 1 and currently we’re trading the metals in a way that suggest gold is more valuable compared to silver than it ever was, in all of history.

Geologists today believe silver is around 19 times more abundant than gold in the earth's crust, but modern silver mine output worldwide is only 8 times greater than gold's by weight each year. The Gold/Silver ratio has become wildly volatile since the United States demonetized first silver and then abandoned the Gold Standard in the early 1970s, rising from 16:1 to peak at almost 100 in the early 1990s. During this period, the ratio fell – and silver grew more expensive relative to gold – when first Texas oil barons the Hunt brothers and then Warren Buffett purchased huge amounts of silver in the 1970s and 1990s respectively, aiming to "corner the market" in this highly useful metal.
During the global banking crisis of 2007-2009, the gold price then held firm as silver sank, and the ratio peaked above 80 as Lehman Brothers collapsed.
That was quickly followed by a three-decade low near 30 however, when silver spiked to its all-time record of almost $50 per ounce in 2011.

Not only silver is the best electrical and thermal conductor of all metals, it’s finding even more applications in budding industries including solar panels and even antibiotics. If the silver gold ratio were to suddenly correct to around 20 to 1, which would fall in line with historical and even more recent data, it’s likely a sharp upwards correction would be made in the silver price.

You can view the Gold Silver Ratio in real time here

Banksters Cartel International: 16 chapters here

It was 1974: LONDON WHOLESALE GOLD DEALERS' VIEWS ON U.S. GOLD SALE AND PRIVATE U.S. OWNERSHIP

 WikiLeaks PDF here

The following table shows what the Silver price would be, based on the Gold price and the Gold Silver Ratio

Avoid banks! Take care when buying from a bank!
Unallocated gold
As you set out to buy gold the first thing you need to know is that 95% of the world's gold traders will automatically sell you the wrong type.
Unallocated gold is the most widely traded form of gold in the world. It hides a way of advantaging the provider - usually a bank - by subjecting buyers to a risk they will frequently remain unaware of until it is too late. The widely quoted 'spot price' refers to this unallocated gold, and this is how it works:
1.When a bank sells you unallocated gold on the spot market you become a creditor - i.e. the bank owes you gold which you do not own. The bank is taking advantage of the fact that you are not quite sure what to do with any gold you buy, and it feels logical - to most gold buyers - to put the gold safely in the bank. When you do this you become, in law, a depositor of gold. Most people now relax in the belief that they own gold completely securely, and they do not pay the little extra - above the spot - to have their trade formally 'allocated'.
2.A bank is required by its regulator to hold a proportion of its liabilities as certain types of assets capable of being turned into cash quickly during times of crisis. It is a liquid reserve and it's there to protect the bank from a common type of problem - a liquidity crisis - which occurs when a bank has short term deposits, long term loans, and insufficient cash to meet the immediate demand for withdrawals. Physical gold bars are accepted as a very good form of liquidity reserve because they can be turned quickly into cash.
3.If a bank has physical possession of some gold which it owes you as its creditor the bank itself is the current owner of the gold. While this gold remains unallocated to you the regulator considers it part of a bank's liquid reserve. This makes unallocated gold an attractive way for the bank to maintain its regulated liquidity, because you have paid for your gold, and the bank is free to use your money, while it is also able to add your unallocated gold holding to its own reserve.
4.So your unallocated gold would be ditched if the bank were in need of cash. It has no choice in the matter because liquid reserves are there to be sold at short notice to protect the bank's general creditors - all of whom, including you, must receive a proportionate share of whatever is raised from the sale of assets should the crisis deepen and the bank become insolvent.
5.If that did happen you would be in a bad position. The bank's small gold reserve would be diluted by non-performing bond portfolios and other assets which don't sell well in a crisis. The last line of defence for bank depositors is deposit protection, which is a state underwritten mainstay of banking confidence in the West. But it does not apply on bullion debts like yours. Deposit protection is there as a confidence-builder for the national currency only, which means unallocated gold actually offers less protection from bank failure than a cash deposit. So having been the provider of the bank's liquidity reserve you will then be in the minority of those offered no protection by the state's guarantee.
6.So it is important not to be impressed by unallocated gold, or by it being physically stored in a bank's vault, or by it being checked daily by bank regulators. Regulators are checking it to make sure the bank maintains a liquid reserve, and they are not interested in your entitlement as a bullion creditor.

Allocated gold is different because you become the outright owner of gold and you are no longer a creditor. Your allocated gold is your property and it cannot be used as the bank's reserve, so with allocated gold you get proper protection from systemic failure.
Unfortunately with allocated gold your money does the bank no good. And since modern banks reckon to earn 20% each year on capital employed, their loss of use of your allocated gold is disappointing for them. This is why banks usually charge nothing for unallocated storage and at least 1.5% per annum for allocated storage, with the result that professionals in the bullion market reckon that less than 1% of gold traded within financial markets is allocated.
This is how the huge majority of the world's owners of bank held gold are - probably unwittingly - storing their personal reserve in a way which fails to meet the most common objective of gold buyers.


                                                         ***Secret Alpine Gold Vaults Are the New Swiss Bank Accounts 

Fred & EntendanceInvestors Private Beach: Gold & Silver

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    ***Gold & Silver in The Cayman Islands:  SWP

***Gold & Silver in Switzerland:  Gold Switzerland     Global Gold Switzerland     Echtgeld AG     Degussa    Swiss Gold Safe Ltd

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Golden State Mint

Scottsdale Mint

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Sollte dir dieser Strand gefallen, dann kannst du deinen Freunden behilflich sein, indem du sie über Fred & EntendanceInvestors Beach informierst.
Lasst uns gemeinsam diesen Ort zu einen blühenden Club für Vortrefflichkeit, Bildung und Information machen!

Debt is the slavery of the free -Publius Syrus

Out with the old, in with the old. Wall Street and the Fed wants to make nice with Trump so as soon as he accepted the next Presidency, the market manipulators went to work on pushing stocks higher and gold lower.
What happened with the threat issued by the media that if Trump were elected the stock market would crash? Yesterday Stanley Drunkenmiller issued a proclamation that he sold gold because inflation was coming. I do not believe that I have EVER come across any reference to the notion that gold in inversely correlated with inflation. Someone must’ve slipped Drunkenmiller some LSD in his scotch. But, then again, Drunkenmiller is part of the Soros family, which means he’s the enemy of the people and the truth.
The economic thesis connected to Trump is infrastructure spending and inflation generation. The insanely overvalued, over leveraged “infrastructure” stocks like Caterpiller and Terex screamed higher the last few days. But if Trump has his way with his economic ideas, corporate taxes will be cut and the Government will re-do the work Obama did on the infrastructure. Bridges to nowhere funded by more Government debt.
I’m sure most market participants with at least two brain cells to rub together – which de facto would exclude Larry Kudlow from this human demographic – have figured out that Trump’s game-plan would widen out the Federal spending deficit and further accelerate the issuance of more Treasury debt. It is likely that the Fed will have to monetize some of this new debt issuance. This is the perfect recipe for higher gold and silver prices.
What is occurring right now in the markets is nothing more than a knee-jerk response by the hedge fund algos to the overt intervention by the PPT (the Fed + the Working Group on Financial Markets). The PPT steps in to get stock and precious metals futures moving in opposite directions and the hedge fund black box computers pile in.
The massive take-down in gold is designed to make everyone feel better about Trump as the new president. But the price-smashing can only occur in the fraudulent paper gold markets in NY and London. Drunkenmiller is a fan, not surprisingly, of GLD – the quintessential postcard for fraudulent paper gold derivatives.
Today gold traded flat to up in the physical gold clearing eastern hemisphere markets. It wasn’t until the Comex opened that the real party for the criminal manipulators began. At one point, from 11:30 to noon EST 48,239 paper gold contracts were dumped on the Comex:

48,239 contracts represents 4.8 million ozs of paper gold – over 150 tons. Close to $6 billion worth of paper gold in 30 minutes. From 11:30 to the 1:30 Comex close EST, a little over 103,000 contracts were sold, representing 10.3 million ounces of paper gold, or 321.8 tons. The U.S. produces about 200 tons annually. Make no mistake, it is no coincidence that this hit on the price gold was gold timed to occur on a Friday holiday after the rest of the world had shut down their trading systems and went home for the weekend. This is standard modus operandi for the criminals running our system.
The Comex vaults are reporting a little over 2 million ounces available for delivery. If an imbalance between the futures and the underlying available physical commodity were this wide in any other CME market, the Government regulators would be cracking down on it immediately, no questions asked. Why is gold different? The gold and silver markets are the most manipulated markets in the world and the same people doing the manipulation will kept in place under Trump.
The good news is that the physical accumulation going on in the eastern hemisphere will accelerate next week with the lower price of gold. This always occurs. This will be the catalyst that will put a floor under the ability of the western elitists to push gold much lower.
Gold, Silver Action: The Criminals Are Still In Charge

***Cognitive Dissonance Confirmation Bias Economics & Politics

Holt unser Gold heim!

Germany's gold reserves in U.S. were only paper claims

Ready for New Year 2017 Massive Rally in Precious Metals and Junior Miners

From Power Currency to Power Money*

MUX & EXK

As you set out to buy gold the first thing you need to know is that 95% of the world's gold traders will automatically sell you the wrong type.
 

 here

As stock complacency cracks, American stock investors will rush back to gold to diversify their portfolios and thus catapult it much higher.

Price of Gold in 2017: Why It Could Bounce Higher

  Silver Prices for the Year 2017

First Majestic Mining CEO: “There’s Going to Be a Huge Supply Squeeze in Silver”

A Discussion of The Dollar, Gold and Chinese Liquidity with Paul Mylchresst

H/T Tom from Florida

***The Crack-up Boom Is Ending and That’s Very Bullish for Gold

H/T Tom from Florida

***Gold Set For Very Bullish 2017

This crime is already 285 times bigger than the LIBOR scandal, and 500 times bigger than Madoff’s swindle. It is, in fact, the largest, most destructive financial crime in history.

Gold & Silver Manipulation: The Biggest Financial Crime In History

Gold & Silver Manipulation: The Biggest Financial Crime In History, Part II

***All about The banksters

Death, Debt, Devaluation and Taxes

•The “smart money” bet on Hillary. How did that work out?
•Brexit? That wasn’t supposed to occur either.
•Who wins the ongoing currency wars as all countries devalue? Answer – nobody.
•Will the € survive another “exit?”
•Gold has been real money for thousands of years. How long have unbacked debt based fiat currencies survived before their governments and central banks devalued them to worthlessness? Answer: usually only decades.
•When the € and dollar have become distant memories, gold will still be valuable.
•Fiat currencies have crashed before while gold and silver have retained their value, rising in nominal currencies to unbelievable price heights. Fading currencies and rising metals are likely in our near future. -Gary Christenson here

***The Dancing Bears

"...What I can tell you is that when the time is up for the walking dead, it will be a time like no other in the history of silver. Prices can and will continue to muddle along as long as the 7 big shorts and JPMorgan continue to cap price rallies, but the moment the capping ends – either at the hands of JPM or the walking dead – the silver price landscape will be changed forever. None of us - myself included - will be able to fully comprehend the upcoming shock to the upside. This has little to do with price per se, just the mechanics of the market; but it will be seen most vividly in price. When the big shorts start to buy back their shorts to the upside, the world of silver will have changed."

***Dead Men Walking?

– Gold ‘Mining Zombie Apocalypse’ caused miners to slash exploration budgets
– Decline in gold production at world’s top 10 gold mining companies – Byron King
– “No new big mines being built in the world today” – Glencore CEO Glasenberg
– Primary global gold output declined in 2016 – Thomson Reuters via Mining.com
– 2016 was first year of fall in mine production since 2008
– Rising safe haven demand from ‘Trumpflation’ and geopolitical tensions and falling mine supply should lead to “much higher gold prices”
– What happens when the unstoppable force of robust global demand for gold meets the immovable object of a small, finite, rare and dwinding supply of physical gold?

Peak Gold – Biggest Gold Story Not Being Reported

***Where to store your bullions***