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Post by Entendance on Jun 4, 2021 4:02:20 GMT -5
"A number of events are coming together which are set to push gold prices higher. Besides a combination of continuing inflationary policies and massive future budget deficits undermining the dollar, by closing down derivative market activities new Basel 3 regulations appear set to deflect some demand into physical metals..." The Geopolitics of Gold
The bullion banks are having trouble closing their short positions on the New York Commodities Exchange and that their attack on the metal this week did not help them much, since "managed money" traders did not substantially increase their long positions.
So the banks, Macleod writes, are "deepening their losses" in gold futures. Macleod adds: "This does not mean the attack on gold and silver will be over in a matter of days... only that it is very unlikely to yield significant closure for the Swaps. Furthermore, it is worth noting that since last Thursday, 57.6 tonnes of gold and 377 tonnes of silver were stood for delivery on Comex."
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Post by Entendance on Jun 6, 2021 1:03:08 GMT -5
All you need to know about  is HERE
More  Investing & Trading Videos: HERE
June 7, 2021  "The Fed’s Real Mandate: Faking It!"
"...Mark my words, we sit here today, and by the end of this year, everything will be 180 degrees different. Most likely everything is going to happen in the next 90 days. We are living in a Biblical year. It’s the year of Jubilee, and we are about to see acts of God.”
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Post by Entendance on Jun 16, 2021 23:10:29 GMT -5
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Post by Entendance on Jun 19, 2021 2:35:12 GMT -5
Think about who is on the other side of the trade
The bullion banks that have controlled the silver market, Maguire and Hemke agree, are so leveraged and physical supply is so tight that removing just 2 ounces of real metal from the banking system can evaporate as many as a thousand ounces of derivative silver. The program also broadcasts a comically illustrated presentation by Hemke about the fraud of the fractional-reserve banking system in the monetary metals.
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Post by Entendance on Jul 3, 2021 2:29:00 GMT -5
Gold & Silver in Switzerland
Beware The Fourth Of July Fireworks In The Silver Market? KABOOM!
Cheaters run the silver market
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Post by Entendance on Jul 4, 2021 23:34:24 GMT -5
July 5, 2021 Charts For A Crazy World, July 5: Soaring Debt, Negative Interest Rates Set Up Gold’s Next Run
Asset Management in 2020: BANK OF RUSSIA FOREIGN EXCHANGE AND GOLD ASSET MANAGEMENT REPORT PDF
Macron, Biden, Conte, De Mistura, Clinton, Fauci, Monti, Draghi, Ciampi, Van Rompuy, Barroso, Rutelli, Mattarella, Jerome Powell, DeGennaro, Fassino, Abete, Montezemolo, De Rita, Padellaro, Gentiloni & many others/tanti altri***We are all Jesuits |
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Post by Entendance on Jul 7, 2021 1:37:26 GMT -5
July 8, 2021
The Allocated vs.Unallocated Shell Game
"...Many well-meaning and high-ticket private bank clients will be warmly welcomed to open bullion accounts at Bank A or Bank B, C, or D etc.
In fact, the private bankers will often sweeten the deal by charging only a “general fee,” yet foregoing any storage fees, because, hey, you’re such an important client, right?
Well, not really. 
First, it’s important to understand that modern banks are not in the bullion storage business—they are in the credit and fee-churn business; they make their margins executing paper transactions.
Bullion storage, however, is a lower margin business, which means hardly any big banks manage their own vaults; instead, they sub-contract out the work, smile and then lever client assets.
The reason there’s no storage fees for such “bullion accounts” is largely because there’s no actual gold or silver to store within that glossy-brochured and well-known bank account…
–The Unallocated Bullion
This is because the banks are placing your precious metals in “unallocated” paper/transactional (i.e., levered accounts), which despite Basel III, are still very much in vogue.
Within the fine-print of the offering documents to these “unallocated” bullion accounts is the buried reality that the precious metals are not in fact individually owned by the client, but by the bank first.
Stated otherwise, there are no metal bars or coins with your names assigned to them waiting for delivery when needed.
This makes the client an un-secured creditor to the bank, not a direct owner of the gold that bank is allegedly “holding” for him/her.
Thus, should another banking crisis, bank holiday or depositor-freeze occur for any number of likely reasons/scenarios, bullion clients will be standing in line behind other bank creditors rather than taking immediate delivery of their gold and silver.
And if the bank tanks, well, they’re really out of luck, aren’t they?
If this seems unimaginable, then just imagine Morgan Stanley’s “silver program,” which had no silver precisely when clients needed it the most.
It took clients a lot of lawyers and a lot of months to finally get the very metals they “owned.”
Or imagine HSBC.
In 2008, clients suddenly asked for delivery of the metals they’d hitherto thought they’d never need, until, of course, an actual banking (i.e., liquidity) crisis reared its inevitable yet ignored head.
During the GFC of 2008, HSBC closed its retail vaults, requiring gold clients to wait months for actual delivery.
Imagine that?
–The Allocated Bullion
For those aware of such unallocated account risks, the same banks will admire your sophistication and offer a better option, namely “allocated” bullion accounts in which clients are promised specific ownership of specific physical metals.
Good stuff, right?
Well, not so fast…
Even these allocated bullion accounts are riddled with risk.
That is, the bankers will likely overlook mentioning the various 3rd-party custodial vault contracts and intermediary middleman agreements they are often tied to in the long daisy-chain between your precious metal master account documents and the final resting place of your actual gold and silver.
The ubiquitous use of such middlemen and third-party custodian/vault services in even allocated bullion accounts creates a number of problems.
First, there is the inherent counterparty and operational risks associated with the potential failure, insolvency or mismanagement of any of the intervening middlemen, custodians and sub-custodians—from outright fraud to inadequate (i.e., loophole-heavy) insurance coverage.
By the way, if 2008 taught us anything, it’s that the big banks are loaded with middlemen, counterparty and operational risks…
Secondly, the number of intervening parties between your account name and the final vault (which can change without your knowledge) means as a bank client, you cannot speak to (or access) your vault (i.e., your gold and silver) directly; only your bank or its contractual middleman can do so.
But what if that banker or middleman is not picking up the phone in the midst of the next banking crisis, assuming you recognize that such crises are anything but extinct?
Thirdly, even in an “allocated bullion account” wherein you are promised direct ownership of say 100 ounces of gold, your 100 ounces are likely part of (i.e., comingled with) a 400-ounce bar of which you only own a ¼ interest/claim.
How long do you think it will take to get that shared, 400-ounce bar refined to ensure your immediate delivery/liquidity of the 100 ounces you own and need?
In short, if you are concerned about unallocated and even allocated bullion accounts in a big bank near you, what better options are available?
Fair question. Here’s a fair answer..."
!
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Post by Entendance on Jul 10, 2021 11:18:27 GMT -5
“You are looking at a system that is upside down in the belief that everything is going to be fine because everything is insured. You cannot eliminate risk.
You can only move risk from one to another or another. You cannot eliminate risk. The risk is there, it is systemic.”  Here
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Post by Entendance on Jul 15, 2021 10:56:40 GMT -5
 LBMA hopes European Banking Authority will exempt bullion banks from Basel 3 as UK just did
Away from 'paper gold'?
" The draft PRA rules complying with Basel 3 regulations have now been issued six months ahead of their implementation to allow banks to adjust for them in time. From now, senior bankers, their lawyers and bank treasury managers will be planning amendments to their business strategies accordingly.
As a division of the Bank of England, the Prudential Regulation Authority recognises the importance of gold trading in London and has inserted a clause into the new rules (Article 428f) which will allow the LBMA’s centralised settlement system to continue to function. But in line with Basel 3’s apparent determination to get banking’s exposure to uneven derivative positions substantially reduced, net positions in precious metal derivatives in the form of forwards and swaps will be penalised through their inefficient use of balance sheet resources and will likely be replaced by transactions fully backed by physical gold.
The LBMA has been thrown a lifeline but will likely have to refocus from forward derivatives to physical bullion backed trading. By responding positively to these developments, the LBMA and its membership can retain and build on their pre-eminent position in global precious metals markets.
This article points out that the market value of forward derivatives in gold is currently the equivalent of 8,675 tonnes. While it would be incorrect to think it will all translate into new bullion demand, there is little doubt that if Basel 3 leads to the demise of the London forwards market, it will lead in turn to a significant replacement in the form of physical demand.
This article also looks at the broader picture for banking in the light of the PRA’s new regulations as well as the specifics for precious metal derivatives..."
 Hyperinflation Will Collapse Biden Administration – Clif High
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Post by Entendance on Jul 17, 2021 4:53:44 GMT -5
Banksters Successful Knocking Price Of Gold & Silver Down, But Unsuccessful In Fleecing Any Longs
May 28, 2013:
"What makes the silver (and gold) manipulation the perfect crime are a number of elements; short term price control through High Frequency Trading, compliant regulators and the fact that most victims don’t even realize they are being had, as the sellers are mostly just reacting to the deliberately-set lower prices.
It’s hard to end an ongoing crime in progress when so many don’t realize it is in progress. Worse, there are still some who profess that there is no manipulation underway.
And for the few who do realize what’s really going on, what can you do about it when the regulators are in bed with the manipulators? Perhaps the options are limited, but that’s not the same as non-existent." - Ted Butler, Busting the Perfect Crime
UK's Basel 3 exemption for bullion banks doesn't cover gold derivatives, Maguire says
London gold trader Andrew Maguire says the exemption to "Basel 3" regulations offered last week to London bullion banks by the Bank of England's Prudential Regulatory Authority will not cover the "unallocated" gold the banks hold. The exemption, Maguire says, is "short-term window dressing" that will give the London bullion banks a few more months to reduce their gold derivatives business. This, he says, will push the gold price up.
Maguire adds that more transparency is being demanded of the banks by the PRA.
Russia and China are using gold to attack U.S. dollar hegemony and encouraging smaller countries to join them, Maguire says, and the Bank for International Settlements recognizes that gold is the only weapon that can displace the dollar. He expects the United States eventually to cooperate with a revaluation of gold that diminishes the dollar's position.
If you can't go look at your gold and silver then you don't own any.
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Post by Entendance on Jul 19, 2021 2:16:15 GMT -5
"...Final thoughts: Back in 2008, Gold bottomed at $681 on October 24 and Silver bottomed, too, four days later. The Fed did not announce QE1 until November 25, one month later. The point being that Gold is likely to bottom out and begin its rally once the market even senses that the Fed will be forced to respond in the near future, and that is likely to occur as always when stocks correct at least 10% or more. Gold rallied almost 3x from $681 before it peaked above $1900 in 2011. Silver rose 6x from $8.40 to over $50 during the same period. Given that this may be the last hurrah for the Fed and the stock market—and the sheer volume of liquidity that may be unleashed—the gains could be even greater over the next couple of years. Even more so for the miners. First Majestic rose 27x from $1 to $27 from 2008 to 2011. Food for thought when everyone is so demoralized by the declines since last August."
British gold fund manager Ned Naylor-Leyland is the guest on Sprott Money's "Ask the Expert" program this month, and interviewed by host Craig Hemke, Naylor-Leyland says the new "Basel 3" protocols for gold derivatives held by banks suggest that the G-20 powers and the Bank for International Settlements want gold to replace the U.S. dollar as the world's "risk-free instrument." Central bank demands for repatriation of their gold from foreign depositories jumped when the "Basel 3" protocols were first devised, Naylor-Leyland says. So, he adds, the protocols eventually will have an affect on the gold price...
John Rubino and Michael Oliver return! here (H/T Tom from Florida)
THE PAPER GOLD TAIL WAGGING THE GOLDEN DOG
THE FAKE PAPER GOLD MARKET 
"...So we are looking at a paper gold market which is corrupt and fake. It exists for the benefit of central banks, the BIS (Bank of International Settlement) and bullion banks. In the short term, the paper gold market certainly harms the only genuine gold market which is physical. But artificial markets or instruments have never survived in history. Just look at the fact that every fiat currency in history which has failed. And so will paper gold. It is only a matter of time.
The sheer volume of paper gold trading reveals the desperate pressure this market is under. Gold trading by LBMA banks and futures exchanges amounts to $180 billion per day. This is a staggering 350X the daily gold mine production. So we ask ourselves how a dog can function properly with a tail that is 350X bigger than his body? The simple answer is that it can’t. I do realise that this is a slight oversimplification, but nevertheless it does highlight how absurd the gold market is today.
The only reason why gold trading volumes are totally out of proportion to the actual amount of physical gold available is that 99% of the gross trading activity is in the paper market…" Egon von Greyerz here
GATA Chairman Murphy reviews failure of 'Basel 3' to stop metals price suppression
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Post by Entendance on Jul 24, 2021 2:29:20 GMT -5
"In the current global financial system, the international silver price is derived from trading of vast volumes of ‘paper silver’ that dwarf both physical silver exchange inventories and new physical silver supply.
To understand what is real and tangible in the silver market, it is crucial then to grasp the difference between paper silver and physical silver, and how paper silver is traded in practically unlimited quantities, while physical silver is a scarce and valuable commodity that plays a role as both an investment precious metal and an industrial precious metal.
In short, physical silver is a real tangible asset with intrinsic value, that has no counterparty risk and is difficult and costly to mine. Paper silver is not.
Paper silver is altogether different, comprising securities and derivatives spanning unallocated, synthetic, and fractionally-backed claims that do not provide any ownership of real physical silver.
In this visually stunning new infographic from BullionStar, we show the silver market as it really is, and the huge differences between physical silver and paper silver. Topics covered include:
• The enormity of paper silver trading compared to physical silver supply and silver inventories
• The benefits of investing in physical silver vs the risks of investing in paper silver
• The huge popularity and production since launch of silver coins such as the American Eagle and the Canadian Maple
• How real physical silver is both an investment precious metal and an industrial precious metal
• How silver is a monetary metal that has been used as real money throughout history"
Weeekend Trading & Investing Videos Here |
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Post by Entendance on Jul 28, 2021 1:57:01 GMT -5
 "...While the Supreme Court judgment will determine who has the authority to withdraw and use 31 tonnes of BCV gold stored under custody at the Bank of England, this case also has far reaching international implications for all sovereign assets held in the United Kingdom. A ruling in favour of Guaidó will mean that the UK Government can at will seize control over state assets of foreign governments held at the Bank of England, and elsewhere, and would send shockwaves internationally about the notion of sovereign property rights and how they are treated in the City of London, and wider England and the UK.
A ruling in favour of Guaidó also creates a worrying situation where a government executive (HM Government) can intervene and interfere using claims which have no basis in reality – i.e. Guaidó has no control over the Venezuelan central bank nor it’s employees nor is he even recognised as president by the EU nor a vast list of countries such as China and Russia, nor is he even leader of the Venezuelan national assembly anymore.
Over 70 sovereign nations hold gold in storage at the Bank of England including many nations in South and Central America and across the Middle East and Asia. If the Supreme Court rules against the BCV and in favour of Guaidó, and creates this precedent that soverign gold reserves are not safe in London, expect the sound of many phones ringing London from central banks around the world to line up their gold withdrawal and repatriation requests.
While you might think that the five lords a-leaping in the Supreme Court will take these sovereign property right concerns into account, don’t underestimate the connections between the various strands of the British Establishment in politics, judiciary and the City of London, where the ‘fraternities’ and undisclosed connections between the ‘brothers’ will nearly always be more important than what an outsider would think.
It would therefore not be surprising if the law lords of the Supreme Court side with the Foreign Office, the Bank of England, and the US State Department, who are all working on the same side to prevent the BCV getting its hands on 31 tonnes of the BCV’s gold bars (worth approximately US $ 1.8 billion at current spot price).
Moral of the story for central banks – Don’t hold gold at the Bank of England if you actually ever want to get it back."
Craig Hemke: <Some of you will question why it's valuable to document the obvious price-rigging by The Banks. The answer? Because remarkably there are still "analysts", many of whom the precious metals community hold in high regard, who claim the pricing mechanism is fair, honest, and free of price manipulation... ...Many fear that this price manipulation scheme, which has been in place since 1975, will continue indefinitely.
I can assure you that it WILL NOT.
Instead, a moment will come when the overstretched fraud of the derivative markets will snap. When this happens, it will be recalled in the same manner that Hemingway once described bankruptcy—the current pricing scheme will fail "gradually and then suddenly".
Those who continue to plan for this inevitable event will find themselves rewarded and, most importantly, protected when it finally occurs.>  From ancient Rome to 1917 Russia, or 1789 France to 1933 Germany, debt matters. Debt is a very dangerous thing to economies and societies, and always climaxes with more centralized control in its wake. Instability inevitably follows. -Egon von Greyerz
“We’ll tell them inflation is under 2%. The best part - they‘ll believe it!” 
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Post by Entendance on Aug 3, 2021 2:09:23 GMT -5
The amounts, locations, and disposition of central bank gold reserves have become secrets more sensitive than the amounts, locations, and disposition of nuclear weapons. That's because while nuclear weapons can only destroy the world, the control of gold is the control of the world...
Ronan Manly:
 End Of The Gold Mid-Cycle Correction 
USAGold's "News & Views" letter for August opens with an explanation of gold's enduring centrality to any financial system. It continues by noting that central banks are buying the monetary metal again, that "stagflation" is approaching, and that the British Parliament is starting to worry about the dangers of "quantitative easing"...*** August 2021
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Post by Entendance on Aug 7, 2021 2:53:54 GMT -5
August 10, 2021
 Mongolia hikes gold purchases in 2021
Banksters Cartel International Chapter XXXXIII
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Post by Entendance on Aug 13, 2021 2:39:36 GMT -5
 Banksters Cartel International Chapter XXXXIV
August 13, 2021
Gold price manipulation is back in the form of a “flash crash“; below we skate through its details and ask: “Why now” and “how’s it done?” More Gold Demand from Banks, Means More “Timely” Manipulation
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Post by Entendance on Aug 14, 2021 3:43:17 GMT -5
The Entendance Beach & Nixon: 2 pages
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Post by Entendance on Aug 19, 2021 0:49:09 GMT -5
The New York Fed Is Not the Only Place Obsessed with Market Intelligence Gathering; the U.S. Treasury Does the Same Thing in a Secure Markets Room
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Post by Entendance on Aug 23, 2021 23:33:06 GMT -5
GoldMoney founder and GATA consultant James Turk tells King World News that the recent "paper" attack on gold has failed, gold's price is rising again, and money creation and inflation will support it. Finally Some Good News
"...Despite two unprecedented bailouts of Wall Street in 2007-2010 and again in 2019-2021, Congress has failed to strip the Fed of its supervisory role over the mega banks on Wall Street or its ability to create electronic money out of thin air to bail out the same banks, while hiding the details from the American people.
It’s time for all Americans to demand accountability from both the Fed and Congress because it’s the American taxpayer who is on the hook for the liabilities of the Fed."
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Post by Entendance on Sept 2, 2021 3:22:55 GMT -5
September 4, 2021: click  here for the latest Gold & Silver Videos
We don’t know what might work in a future and uncertain world, but most of us know for sure what cannot and does not work: printing wealth out of thin air is destructive nonsense.
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Post by Entendance on Sept 9, 2021 1:56:46 GMT -5
"...COMEX gold and silver have ignored the ongoing inflation, but their eventual upward reaction will be gradual and then all at once..."
Total above ground gold 190,000 metric tonnes. Total above ground silver is 1.6 million metric tonnes. Silver to gold ratio is really 8.4 to 1 Today the paper silver to gold ratio is 75 to 1 if it was 8.4 silver would be $212 per ounce. There's no manipulation in silver |
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Post by Entendance on Sept 15, 2021 2:13:46 GMT -5
Paper is poverty,... it is only the ghost of money, and not money itself. -Thomas Jefferson
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Post by Entendance on Sept 19, 2021 4:30:04 GMT -5
 The bad news is: there are no real prices of gold and silver available in the World today.
It is useless to follow the investment recommendations put forward, all in good faith, by individuals such as Peter Schiff.
The prices presented by the Media in our world are determined by a small group of individuals in London and New York; this group decides each and every working-day, what the prices of gold and silver are to be that day.
That daily decision has nothing to do with a “Market” for these metals.
The section of Kitco.com devoted to comments regarding the markets for the precious metals is perhaps entertaining, but otherwise worthless.
Some days, the prices of these metals are allowed to rise, and the hearts of gold and silver investors go “pitty-pat”. But following that rise, comes a collapse – investors who purchased metals earlier in the day, are now losers.
Then, other days, the prices of the precious metals are falling and investors rush to sell their stock of metals, to avoid futher loss; the suddently, the price turns around and goes up a bit. But the investors have now liquidated all or part of their stock, and cannot benefit from the rise.
The real purpose of the precious metals markets of today is TO CONFUSE THE PUBLIC.
This “Confusion as a Goal” of broadcasting fictitious prices of the precious metals has allowed the Dollar to survive as long as it has, as the World’s No. 1 currency.
There is one way – and ONLY ONE WAY - to profit in the precious metals markets: you buy, at whatever the price is, when you wish to buy, and take possession of the metals you have purchased.
You put your purchase away, shut up about it, and WAIT. You MAY die before the price of the metal you bought, goes up and stays up.
On the other hand, if you are still breathing, and the Dollar has died and gone to Hell, what you will be able to purchase for one ounce of gold will prove to be the very great surprise of a patient life. -Hugo Salinas Price
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Post by Entendance on Sept 28, 2021 2:54:26 GMT -5
 October 1, 2021
°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°
This week saw a high degree of price capitulation as bullion banks used the dollar’s strength and a rally in bond yields to mount a bear raid on gold and silver. On Wednesday, silver traded as low as $21.45, down over 20% on the year, before rallying off these lows to trade at $22.19 in European morning trade today, down a net ten cents from last Friday’s close. After hitting a low of $1722, gold was marginally up by $4 at $1754 on the same time scale.
On the selloff, gold’s volume was high, aided by reports that China will import gas for electricity generation at any price to end crippling power cuts, driving WTI oil futures over $75. They have eased back a little overnight, but the message is clear: as we enter the northern hemisphere winter, global energy shortages and higher prices will be our fare. But for gold and silver, probably the real reason behind the bear raid was to get prices as low as possible for quarter-end book-keeping.
Comex saw high levels of deliveries yesterday: 1,146,800 ounces of gold (35.67 tonnes) and 7,585,000 ounces of silver (236 tonnes). These contracts have moved from being rarely stood for delivery to a means of obtaining bullion, with 14,688,700 ounces of gold (457 tonnes) delivered so far this year. The figure for silver is doubly impressive at 221,005,000 ounces (6,874 tonnes).
Ahead of the UK’s Basel 3 implementation deadline, the bullion banks are obviously desperate to close their short positions. But high Comex trading volumes and falling open interest on price weakness are only compatible with spread positions being closed, and not the shorts.
We tend to look at Comex statistics because the far larger London OTC forward market is opaque. All we know is that at the end of 2020, there were total forward and swap gold contracts recorded at $530bn, or 8,676 paper tonnes. While some of these positions will be between banks and can be closed out by mutual agreement a large and undefined amount is short to unallocated customer deposits. There is bound to be a move to reduce and close these positions to comply with Basel 3’s net stable funding ratio, which applies from 2 January — only three months away. This is likely to lead to far higher demand for physical gold and silver.
Gold and silver’s performance is sharply at odds with the commodity and energy complex, which driven by energy prices is trading higher, as our next chart, of Invesco’s commodity tracking ETF shows. -Alasdair Macleod
 
The two Federal Reserve Presidents who were shown to be trading while in possession of insider information have both decided to resign, while asserting that they followed all of the Fed's ethical standards.
The Fed's secret ethical standards must be very flexible indeed.
In light of this scandal, Chairman Powell has promised to give them a double secret review. While admitting no wrongdoing.
Hoo-hah. -Jesse
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery. -Jesse, May 2009
 "Dallas Fed President, Robert Kaplan, wasn’t just trading like an aggressive hedge fund kingpin in 2020, he’s been doing the same thing for five years at the Dallas Fed while simultaneously having access to non-public, market moving information from the Federal Reserve’s interest-rate setting FOMC meetings and other confidential communications.
In 2017 and 2020, Kaplan was a voting member of the FOMC. In the other years since he joined the Dallas Fed in 2015, he sat in on the confidential FOMC deliberations and was allowed to participate in the discussions..."
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Post by Entendance on Oct 5, 2021 2:52:32 GMT -5
The Gold Observer's Jan Nieuwenhuijs is back with an excellent primer on the structure of the gold market, to which we can only add that this structure allows central banks and bullion banks to sell and lease to the unsuspecting world a lot more gold than there turns out to be.
All capital roads lead to gold. That is your safe haven. Gold is the ultimate safe haven.
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Post by Entendance on Oct 9, 2021 4:16:25 GMT -5
October 13, 2021 
Zombie Stocks, Bonds and Bankers: Too Big to Fail 2.0
"In the seventeen years of this survey, China more than doubled its gold mine production and rose to the top slot, while South Africa cut its production in half and fell from first to tenth. The United States and Australia held steady in and around the two and three slots for much of the period until 2014 when the United States slipped to the number four slot. Russia climbed from number seven in 2006 to number three in 2014 and has held that ranking ever since."
 The gold/Oktoberfest beer ratio 
 "... The consequences of these crazy policies of 0% interest rates and QE are massive global asset price inflation that risks the financial system and created the greatest economic injustice in recent history, topped off now by raging consumer price inflation..." Here
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Post by Entendance on Oct 20, 2021 10:58:06 GMT -5
The Situation Has Gone From Bad To Scary
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Post by Entendance on Oct 23, 2021 10:41:00 GMT -5
Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world. -Henry Kissinger
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Post by Entendance on Oct 28, 2021 2:46:30 GMT -5
Inflation is not transitory and central banksters are powerless to control it in the near term.
 "...The timing of the Swiss letter to the LBMA refineries, on Monday 11 October, only 2 days after the UAE meeting to launch an Emirates Good Delivery Standard for Gold is incredible to say the least.
A huge coincidence, or a shot across the bow from those in the gold market who view the UAE as a threat, i.e. the London establishment?  That is the question that everyone should be asking, not least the Swiss President Guy Parmelin, who has the unenviable task of turning up in Dubai this Friday 29 October and engaging in some damage control with the UAE government following the SECO “get strict on UAE gold" letter."
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Post by Entendance on Nov 6, 2021 5:23:30 GMT -5
November 8, 2021
Six mistakes mankind keeps making century after century:
Believing that personal gain is made by crushing others;
Worrying about things that cannot be changed or corrected;
Insisting that a thing is impossible because we cannot accomplish it;
Refusing to set aside trivial preferences;
Neglecting development and refinement of the mind;
Attempting to compel others to believe and live as we do.
A mind without instruction can no more bear fruit than can a field, however fertile, without cultivation. -Marcus Tullius Cicero
 I sei errori dell'uomo:
L'illusione che il proprio vantaggio si ottenga dalla rovina degli altri
La tendenza a preoccuparsi di cose che non possono essere né mutate né corrette
La convinzione che una cosa è impossibile solo perché non si è in grado di farla
Il rifiuto di mettere da parte preferenze ignobili
Il trascurare lo sviluppo e l'affinamento della mente e il non acquisire l'abitudine alla lettura e allo studio
Il tentativo di costringere gli altri a credere e a vivere secondo le nostre regole.Una mente senza istruzione non può portare frutto più di quanto possa fare un campo, per quanto fertile, senza coltivazione. - Marco Tullio Cicerone
"...Can you imagine what the realization that it was all simply true as you were told, but did not listen and just pushed aside with other distractions and things, must be like?..."
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Entendance
The Price Of Silver Is Headed 
Investing & Trading Videos: 
They Don't Hate Gold Because It's Gold. 
Video: 
Bolivia will buy gold 
Entendance
Russian finance ministry plans 
July 9, 2021 
Can Reddit's silver "apes"
HISTORY – HISTORY –
E. 
More 
LBMA gets a lifeline 
Watch 
Brazilian Central Bank buys 
E. 
Entendance 
Gold Price Smash in Paper – 
E. 
The Daily Situation, 
Alasdair Macleod: Inflation is 
In The Golden Age Of Fraud – 
E. 
Serbia Vows to Boost Gold Reserves as 
Venezuelans Turn to Gold Nuggets 
Gold: 
E. 
Investing & Trading 
! David Morgan 
