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Post by Entendance on Jan 1, 2023 5:05:50 GMT -5
Colloidal silver a powerful remedy against superbugs, study finds
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Post by Entendance on Jan 4, 2023 3:12:30 GMT -5
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Post by Entendance on Jan 9, 2023 11:54:44 GMT -5
With Musk's support and ETFs doubtful, silver is explosive, GATA chairman says Dear Friend of GATA and Gold: GATA Chairman Bill Murphy, interviewed by GoldSeek Radio's Chris Waltzek, remarks that silver as an investment is even more explosive now that multi-billionaire Elon Musk is promoting the monetary metal, especially as the major silver exchange-traded funds are falling under suspicion.
'...as supply chain difficulties have developed in a wide variety of various items over the past couple of years, it seems to guarantee a silver supply snag at some point – the difference being that any such “minor” snag in silver should rapidly escalate into a man against man free for all.
The only thing these banks, including JPMorgan, can possibly do when the physical silver storm hits is to batten down the hatches, with everyone seeking shelter, as trying to vanquish a physical shortage 40 years in the making is simply not possible. And that, my friends, is what I think is behind the sudden reluctance of the banks which have always been most comfortable on the short side, to be as heavily short as they have in the past. This is also very much in keeping with the massive positioning changes of the past year and just about everything important over the decades.
Look, I’m not trying to be a wise-guy with all the answers who will also be able to pinpoint accurately the precise moment of liftoff. As always, I’m just trying to make sense out of verifiable public data. At the same time, it’s high-time someone stands up to admit that the unprecedented physical turnover in the COMEX silver warehouses is so unusual that ignoring it is no longer a legitimate option if one professes to have an interest in silver.'
A Mountain of Debt...Since 2008, the value of this opaque, unrecorded dollar debt has nearly doubled...
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Post by Entendance on Jan 12, 2023 4:26:07 GMT -5
January 13, 2023
Gold is used and not consumed CO2 emissions only occur in the relatively insignificant mining of new gold Gold is versatile in its use Many other raw materials perform significantly worse ecologically Fiat money also has a poor environmental record
...Since 1971, global debt has exploded from $7T to over $300T. This embarrassing figure is further dwarfed by the far more toxic and embarrassing profile of a nearly $2 quadrillion global derivative market. When measured in such gross counterparty terms rather than net exposures, the BIS fiction of “safe” global derivative exposure completely ignores the extreme risk of these financial weapons of mass destruction...
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Post by Entendance on Jan 14, 2023 4:24:44 GMT -5
List of Global Systemically Important Banks G-SIBs
Repetita iuvant: Gold, the only kind of money that isn’t someone else’s liability and dependent on others’ financial soundness. Gold has a self-intrinsic value not contingent on someone else's mere promise to pay. Thus, Gold in its physical form is still the ultimate form of financial insurance.
'There has been considerable excitement in the gold market lately with the price touching US1,900 an ounce last year and appearing likely to breach US$2,000 before long. But what is happening below the radar with the huge buildup of central bank gold holdings is of greater interest.
The People's Bank of China and Russia's central bank have been buying heavily, and while this may appear to be little more than shrewd, given that inflation is set to continue rising (even if at a slowing pace), these purchases have wider monetary and strategic significance. They signify further challenges to the global financial and monetary order in 2023 as China and Russia seek, for their own separate reasons, to counter what has in effect become a tyranny of dollar domination. And they point to growing distrust and geopolitical tension between major economic powers... So, given that these two countries together represent a major force in global gold holdings as well as production, what are the likely implications of the relatively sudden buildup of gold reserves by their central banks? Are they "weaponising" the precious metal? Almost certainly, yes, and what more effective time to do so than when inflation is eroding the value of paper currencies (the dollar included), cryptocurrencies are losing their appeal as a supposed new form of "digital gold," and investment demand for gold is rising?...'
'I think the Russians, who have their ruble attached to gold, are the only ones that are going to weather this storm that is coming on the very near horizon. All other world currencies are paper backed, and they are fiat. They attach nothing to gold, and as a result, they have been able to take this money system and print it, and print it and print it. What have they done with it? They have been enslaving and buying everybody. So, the entire world we know today is captured...' -Bo Polny here
Russian bank's digital gold may lead to gold payment for commodities, Maguire says Dear Friend of GATA and Gold:The digital tokens for gold now being issued by Russia's Sberbank may clear a path for the use of gold for payment for commodities in Russia, London metals trader Andrew Maguire says in this week's "Live from the Vault" program from Kinesis Money. Meanwhile, Maguire says, the derivatives structure of the London and New York gold and silver markets is cracking as paper increasingly is being converted to real metal under pressure of "Basel 3" regulations.
Ukraine is a ‘de facto’ NATO member – Kiev
“..if this result can be achieved through negotiations, we stand ready for this scenario. If not – then our tasks will be achieved by military means.”
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Post by Entendance on Jan 19, 2023 1:13:54 GMT -5
Are you ready for the R5?
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Post by Entendance on Jan 21, 2023 6:03:06 GMT -5
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Post by Entendance on Jan 23, 2023 11:51:09 GMT -5
Silver is the real power of the people, and it is the one thing the Cartel fears more than anything in the entire world because if the Cartel can maintain control of Silver, the Fed and the Federal government can maintain freedom and liberty destroying power over the people, and it’s obvious we’re at the end of the current Cartel’s grip on Silver, with the “current Cartel” being the ESF (Exchange Stabilization Fund), the Fed, and agents acting on behalf of one or both.
Unless it’s not blindingly obvious, let me go ahead and spell it out: This fight will go on for the Cartel until the bitter end, and the closer we get to that end, the uglier and nastier the markets and the economy will be. -Paul “Half Dollar” Eberhart
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Post by Entendance on Jan 26, 2023 3:22:24 GMT -5
Bullion Star researcher Ronan Manly reports tonight that nine years after exiting the London Bullion Market Association in a storm of corruption and market rigging, Deutsche Bank proposes to return. Manly wonders whether it's because "powerful European interests want a seat at the gold table" or because the crooked bank thinks it can make money there again...
Endeavour Silver Provides Silver Fundamentals Update
January 25, 2023 While 2022 was a tumultuous year for all equities, the fundamentals for silver and gold are shining bright for 2023. With global recession warnings in view, central banks have been net buyers in gold in the last few months, primarily driven by a flight towards safer assets1. Additionally, silver demand has reached a new high of 1.21 billion ounces in 20222, causing a supply shortfall of nearly 200 million ounces. The need for a safe haven asset in this environment is clear. Take a look at this silver fundamentals presentation, which provides an update on the silver market and more. 1. Explanation on gold demand from central banks as provided by the World Gold Council 2. Silver Institute report dated November 8, 2022
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Post by Entendance on Jan 27, 2023 11:17:45 GMT -5
Silver and other commodities, London metals trader Andrew Maguire tells this week's "Live from the Vault" program at Kinesis Money, increasingly will be priced in gold grams in Russia as that country and China weaponize the monetary metal to offset the weaponization of the U.S. dollar.
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Post by Entendance on Jan 28, 2023 8:31:31 GMT -5
Gold is forever wealth. Empires come and go. Gold remains.
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Post by Entendance on Jan 31, 2023 5:01:13 GMT -5
February 1, 2023 Bonds Die, CPI’s Lie & Gold Rises
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Post by Entendance on Feb 3, 2023 5:00:06 GMT -5
Chess Master Putin Is Moving Closer To Destroying The US Dollar [The real war is in currencies, not Ukraine] 'In the war between the western alliance and the Asian axis, the media focus is on the Ukrainian battlefield. The real war is in currencies, with Russia capable of destroying the dollar. So far, Putin’s actions have been relatively passive. But already, both Russia and China have accumulated enough gold to implement gold standards. It is now overwhelmingly in their interests to do so. From Sergey Glazyev’s recent article in a Russian business newspaper, it is clear that settlement of trade balances between members, dialog partners, and associate members of the Shanghai Cooperation Organisation (SCO) optionally will be in gold. Furthermore, the Russian economy would benefit enormously from a decline in borrowing rates from current levels of over 13% to a level more consistent with sound money.
To understand the consequences, in this article the comparison is made between the western alliance’s fiat currency and deficit spending regime and the Russian-Chinese axis’s planned industrial revolution for some 3.8 billion people in the SCO family. China has a remarkable savings rate, which will underscore the investment capital for a rapid increase in Asian industrialisation, without inflationary consequences. With a new round of military action in Ukraine shortly to kick off, it will be in Putin’s interest to move from passivity to financial aggression. It will not take much for him to undermine the entire western fiat currency system — a danger barely recognised by a gung-ho NATO military complex...'A tale of two worlds
Moscow scrapped its 20% VAT on physical gold trades for individuals last March in a bid to draw people away from using the U.S. dollar as a safe haven...
Russians bought record number of gold bars in 2022, data shows
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Post by Entendance on Feb 4, 2023 5:56:29 GMT -5
Here’s Why They Just Smashed The Gold Price $100 Lower
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Post by Entendance on Feb 7, 2023 3:09:09 GMT -5
In this week’s Live from the Vault, the renowned financial expert, Alasdair Macleod sits down with Andrew Maguire to investigate Russia’s plans to devise a gold and commodity-based replacement for dollars as a new trade settlement currency. The famed economist prognosticates the return of sound money as the ingredient for a new, Asia-wide industrial revolution, while the western financial system continues to decay in line with the accelerating debasement of fiat currencies.
No Matter How You Turn It, The Global System is Already Doomed: Got Gold?
Gold Storage in Banks? Think Again 1. The storage facility must have a good reputation Whether the prospective client trusts the facility is not sufficient. It must be generally accepted as trustworthy, or transactions cannot take place. Select a facility that’s used by top investors and economists. And, it should be located in one of the safer jurisdictions, such as the Cayman Islands or Singapore
2. The real money must be readily accessible If your wealth is not yours on demand, it’s not truly yours. Deal only with a facility that will allow you to withdraw or sell your wealth on 48-hour notice (at worst). Your metals should be physically owned – not an ETF or other paper contract saying that the facility “owes” you the metals or cash of equal value. They should also be fully allocated and segregated – you should be able to visit and inspect your metals at relatively short notice (24-48 hours), to actually hold your storage container, with its seal intact, open it and ascertain that it contains exactly what you’ve deposited (no changes in serial numbers on bars, etc.)
3. The real money must be kept out of circulation If the storage facility may loan out your wealth, or bundle it together with the wealth of others, it’s not readily accessible. The storage facility contract must state that you remain the owner of the assets at all times and that the facility cannot either loan out your metals, borrow against them or bundle them with the metals of other clients...More here
Maximise elimination of counterparty risk: store Gold/Silver outside the banking system.
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Post by Entendance on Feb 11, 2023 5:04:54 GMT -5
Ukraine war turns Russia into a nation of gold bugs & China Buying Gold for a Very Important Reason HERE
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Post by Entendance on Feb 15, 2023 3:45:35 GMT -5
February 16, 2023 WILL NUCLEAR WAR, DEBT COLLAPSE OR ENERGY DEPLETION FINISH THE WORLD?
Intensifying War, Enormous Upside for Gold – Charles Nenner "Based on the war cycle, the war is going to pick up, and it is not going to end well...Gold can go to $30,000 per ounce.
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Post by Entendance on Feb 18, 2023 6:44:00 GMT -5
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Post by Entendance on Feb 25, 2023 5:19:50 GMT -5
In this week’s Live from the Vault, Andrew Maguire reveals the widely unreported details of Russia’s ransomware attack which has disrupted the CFTC platform, causing a month-long delay in their weekly COT Report submission.
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Post by Entendance on Feb 28, 2023 3:00:10 GMT -5
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Post by Entendance on Mar 1, 2023 12:34:01 GMT -5
March 1, 2023
Egon von Greyerz
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Post by Entendance on Mar 3, 2023 3:31:19 GMT -5
As global financial systems fail, cornered policy makers and openly politicized media platforms are historically skilled at hiding their failures behind an intentional omission of context and objective facts. Piepenburg discusses this deliberate (and dangerous) omission of context in six broad yet openly obvious “tricks” currently in use, namely: Fudging the Math–from CPI “data” to unemployment statistics; Redefining the Facts—as evidenced by the redefining of a “recession” in 2022; Omitting the Obvious—by downplaying fatal debt levels to the back rather than front page; Desperate Attention on “Good News” While Ignoring the Bad—by boasting of billion-dollar “reductions” in the Fed balance sheet or M2 money supply but ignoring the multi-trillion-dollar expansion of both supply metrics in prior years; Absence of Open Debate/Alternative Views—by showcasing the “warm and fuzzy” but ignoring the hidden facts on everything from the war in the Ukraine to the dark side of CBDC; Fear & War as Political Tools—by deliberately distracting the masses from fatal (and self-inflicted) debt, inflation, market and currency risks while placing the blame on an Eastern “bad guy,” viruses or global warming.
Dear Friend of GATA and Gold: USAGold.com is retiring its monthly "News & Views" newsletter and replacing it with what may turn out to be something better -- a daily market report that looks like it will include much of the sort of material that has gone into the monthly newsletter. The first edition of the USAGold daily market report is HERE
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Post by Entendance on Mar 4, 2023 3:50:41 GMT -5
Can We Avoid WW3? March 4, 2023
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Post by Entendance on Mar 7, 2023 4:17:06 GMT -5
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Post by Entendance on Mar 8, 2023 3:16:39 GMT -5
This is the largest central bank gold purchase of any country so far this year, but surprisingly, the news has received nearly zero coverage in the mainstream financial media...
The Elite Culture of Dishonesty - In the Relentless Pursuit of Profit
It is no exaggeration to say that since the 1980s, much of the global financial sector has become criminalised, creating an industry culture that tolerates or even encourages systematic fraud. -Charles H. Ferguson
The more people rationalize cheating, the more it becomes a culture of dishonesty. And that can become a vicious, downward cycle. -Stephen Covey
The system of corruption depends on another factor beyond secrecy, one that is perhaps even more important: impunity. Impunity means that the rich and powerful escape from punishment even when their malfeasance is in full view. It is a system foisted on us by the rich and powerful, and it continues to work its magic. Our major institutions, the ones that should know better, are often gross enablers of impunity. -Jeffrey Sachs, The Age of Impunity, 12 May 2016
Because they see most people as weak, inferior, and easy to deceive, psychopathic con artists will often tell you that their victims deserved what they got.
-Paul Babiak and Robert Hare, Snakes in Suits
'The historic Perth Mint is facing a potential $9 billion recall of gold bars after selling diluted or 'doped' bullion to China and then covering it up, according to a leaked internal report. The mint started 'doping" its gold as a cost-saving measure. When it got caught for some of its gold dipping below Shanghai Gold Exchange standards, it kept it quiet. While the gold remained above the 99.99 per cent requirement, it exceeded the amount of allowable silver in Shanghai. Four Corners has uncovered documents charting the WA government-owned mint's decision to begin 'doping' its gold in 2018, and then how it withheld evidence from its largest client in an effort to protect its reputation. One Perth Mint insider, who asked not to be named as they could face five years' jail if their identity is revealed, says it is a 'scandal of the highest level. I don't know if I've ever seen one this big,' they say. It is the only mint in the world that has a government guarantee. But in recent years the 124-year-old institution, officially known as Gold Corporation, has been plagued by a series of scandals...'
The Perth Mint made a fairly bad error in judgement, and betrayed its word to customers, in the pursuit of profits. Practically a 'dog bites man' story for the official financial sector these days. So let the official spin machines begin to dismiss, diminish, deflect, distort, and distract. After trying to bury it in some blue ribbon investigation. Works well in the States for any number of cases of market manipulation. Just ask the Fed's leadership which spent several years busily engaged with insider trading.
Let's see if any of the US financial media like Bloomberg or the Journal or Fox covers this, and in what manner. Or perhaps they will be too busy contemplating the spitball that Fed Chair Powell tossed the markets today with an impromptu revelation that interest rates may have to go higher than anticipated. -Jesse
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Post by Entendance on Mar 11, 2023 5:02:00 GMT -5
Meanwhile... '...if gold is undervalued in the Global North, it would gradually, or perhaps rapidly, gravitate to the Global South in exchange for exports or newcoin, which would not be a bad outcome for the “external money” system and accelerate the broad acceptance of newcoin as reserve currency. Importantly, as physical gold reserves are finite outside of the newcoin zone, the imbalances would inevitably correct themselves, as the Global South will remain a net exporter of key commodities.' Moveable Multipolarity in Moscow: Ridin’ the ‘Newcoin’ Train
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Post by Entendance on Mar 13, 2023 4:16:46 GMT -5
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Post by Entendance on Mar 18, 2023 5:38:01 GMT -5
March 19, 2023
The financial system is terminally broken, toast, kaput! No one should believe that a state subsidised takeover of Credit Suisse by UBS will solve the problem...
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Post by Entendance on Mar 21, 2023 2:40:42 GMT -5
The great credit unwind and Powell’s hidden pivot
Dear Friend of GATA and Gold: GoldSeek Radio's Chris Waltzek this week interviewed GATA Chairman Bill Murphy, who said the bullish fundamentals for gold and silver remain in place -- as does manipulation of their markets by what he calls the gold cartel. 1.00 - Market manipulation? 1.25 - When silver catches up with gold, look-out above! 4.20 - Selling gold can be deleterious to your account - via The LTCM fiasco. 7.00 - Silver is close to the cost of production. 7.25 - Risk of runaway prices via inflation. 8.40 - When sellers run out of physical supply, the PMs will soar. 9.20 - Most major pension funds, deep pocketed investors, have less than one half of one percent invested in gold, hinting at monumental demand just ahead! 11.00 - The next market advance could unfold much more quickly than most investors expect.GATA Chairman Murphy interviewed by GoldSeek Radio's Chris Waltzek
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Post by Entendance on Mar 24, 2023 11:51:39 GMT -5
Market analyst and fund manager Stephen Leeb, interviewed this week at King World News, discusses JPMorganChase's heavy involvement in gold derivatives and speculates that the bank's short position in gold may be greater than all the bank's other assets combined.
"They're trying to control the price of gold," Leeb says, adding that the monetary metal's rising price could be an existential threat to the bank.
But why would the bank take such a risk and be so excessively involved on one side of one market, especially since controlling a market ordinarily is a violation of U.S. antitrust law?
Of course from GATA's perspective there is an obvious answer: that JPMorganChase's big derivatives position in gold isn't really the bank's position at all but the position of a client, the U.S. government, which is fully authorized by the Gold Reserve Act of 1934, as amended, and other federal laws to intervene surreptitiously in and manipulate any market in the world.
Anyone who doesn't believe this should put a question to the U.S. Commodity Futures Trading Commission, as GATA and U.S. Rep. Alex X. Mooney, R-West Virginia, have done: Does the commission have enforcement jurisdiction over manipulative trading undertaken by or at the behest of the U.S. government, or is such manipulative trading legal? The commission has repeatedly refused to answer, which, of course, is an answer -- that the U.S. government indeed rigs certain markets for what are considered to be national security purposes. See: www.gata.org/node/19917
www.gata.org/node/20089
Twenty-two years ago your secretary/treasurer was present in U.S. District Court in Boston when an assistant U.S. attorney -- moving to dismiss GATA consultant Reginald Howe's lawsuit against the U.S. government, investment banks, and the Bank for International Settlements over their manipulation of the gold market -- declared that the U.S. government indeed has the legal authority to rig the gold market exactly as the lawsuit complained: gata.org/node/4211 So congratulations to Leeb for noting JPMorganChase's overwhelming connection to gold derivatives.
But it's only half of the story. -CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.
Central banks take metal out of London on every price smash, Maguire says
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