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Post by Entendance on Nov 10, 2021 4:06:10 GMT -5
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Post by Entendance on Nov 13, 2021 13:04:27 GMT -5
Investing & Trading On The Entendance Beach: The Videos |
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Post by Entendance on Nov 20, 2021 1:49:55 GMT -5
November 22, 2021
An excellent synopsis. One might ask, how can it be that total past gold production and known reserves are only $15 trillion, yet the world is approaching $400 trillion in debt? And God only knows what the total is in derivatives…but the number does start with a “Q”! -Bill Holter
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Post by Entendance on Nov 24, 2021 11:25:45 GMT -5
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Post by Entendance on Nov 29, 2021 2:09:22 GMT -5
 Irish Central Bank Makes First Reserve Gold Purchases Since 2009
"...This first investor settlement just might be the opening salvo of what could turn into a flood of lawsuits against banks that have traded precious metals for customers, where the customers sustained either losses or lower profits because of the illegal actions by banks.
If such lawsuits do proliferate, that would almost certainly lead to a significant curtailment of precious metals price suppression actions by these banks. In the absence of such tactics in the future, you could see more rapid increases in future precious metals prices..."
Let’s look at what we have:
Global debt of $300 trillion growing exponentially – it was $100 trillion in 2000
Rapidly increasing deficits in most major and developing economies
$1.5 trillion+ derivatives which will be worthless when counterparties fail
An Epic Everything bubble in all asset classes – Stocks, Bonds, Property
An asset bubble which will implode since it is based on fake money
Social and Moral decadence
No statesmen as leader in any Western country – so no chance of rescue
A flu of relatively modest proportions which will lock down the world for a 3rd year
A financial system which is on the verge of collapse
Inflation which will lead to hyperinflation
Fiat Money of ZERO value which is created hand over fist
A currency system which will lose 100% from here...Egon von Greyerz
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Post by Entendance on Dec 3, 2021 3:33:06 GMT -5
"...There Are Two Messages to All This…
It may be frustrating to watch other assets climb in price while silver remains weak. But there are two realities staring us in the face:
- Silver is the most undervalued asset an investor can buy right now. That won’t last indefinitely.
- Silver is a monetary metal, and given the precarious nature of the monetary system, the importance of holding it—and its upside potential—is enormous.
- Based on this historical overview, and the likely path ahead, I think some of the biggest gains over the next few years will come from silver.
- One thing seems clear: buying silver now is a bargain." More here
Weekend On The Entendance Beach:
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Post by Entendance on Dec 10, 2021 3:32:50 GMT -5
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Post by Entendance on Dec 17, 2021 2:37:38 GMT -5
“It's always darkest before it turns absolutely pitch black.” 
 Gold & Silver Price Turkey: here
"...With rising interest rates now inevitable, they will lead to a bear market in financial assets, which can only accelerate the contraction of bank credit. The operational gearing in global G-SIBs is at record levels and is truly alarming. There must be no doubt that higher interest rates and the scramble to contain the fall-out will make the collapse of Austria’s Credit-Anstalt in May 1931 seem a relatively minor failure in comparison.
We also must not doubt that the reaction of the monetary authorities will be to rescue failing banks because they have no alternative. The consequences are that the central banks will be damned if they do and damned if they don’t. Therefore, anyone wholly committed to preserving wealth in the fiat currency system risks losing everything and should take out some insurance by owning some real uncorruptible money — physical gold and silver."
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Post by Entendance on Dec 18, 2021 1:11:45 GMT -5
"...Excessive money-printing not only in the United States, but Britain, Japan and the EU, is continuing to devalue currencies at an alarming rate (this, by definition, is inflation, because it takes more units of currency to buy the same amount of goods as before) — for which precious metals, namely gold and silver, are the best defence.
Inflation erodes the purchasing power of fiat currencies and eventually they become worthless.
The dollar has lost 90% of its purchasing power since 1950.
By contrast, since 1972 gold has gone from $35/oz to $1,780.
The Fed can telegraph its intentions all it wants, the fact remains that at such unsustainably high, and going much higher, debt levels, the interest payments will eventually cripple the federal government, corporations and the ultimate bag holder — the consumer.
The US government is addicted to spending and Wall Street is addicted to the Fed’s easy money policies including money-printing to support government borrowing and ultra-low interest rates, both of which appear to have no end.
In this environment of excessive debt accumulation and runaway inflation there is only one way to protect one’s wealth and that is by owning gold and silver or quality junior precious metals stocks." More here
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Post by Entendance on Dec 21, 2021 11:47:06 GMT -5
Precious metals expert and financial writer Bill Holter says huge lies and massive money printing have held the financial system together. His big prediction for 2022 is that both the lies and money printing are going to get much worse. Holter explains, “The risk for a meltdown from these levels, the risk has never been higher or could be higher than it is right now. You have got everything going in the wrong direction...in the year 2022, I will say without the second coming of Jesus Christ, things are not going to get better. At this point, evil has its hand on too many controls. They control too many avenues. They control the media and just go right down the list. Evil has too much control at this point.”
Holter says forget what the Fed is saying about “tapering” the easy money policies and raising interest rates to fight inflation. Holter contends, “They just cannot do it...We have an economy that it’s clear it’s beginning to slow. It’s clear that inflation is raging. So, the Fed is stuck in a corner. They need to raise interest rates, and they need to fight inflation, but at the same time, if they do that, they will pop the debt bubble. That’s the rock and the hard place the Fed is in between...What they are saying is we are going to take the patient off life support, and with the biggest credit bubble of all time, they can’t do it. If they do, you will see a credit temper tantrum turn into a credit meltdown.”
Holter also sees the narratives of lies giving way to the truth. Holter says, “The narrative on so many things is blowing up. Senator Joe Manchin saying that he’s not going to go along with spending another $2.5 trillion...The White House is trying to pass off as truth that spending another $2.5 trillion is going to tame inflation. This is truly George Orwell 1984, animal farm or whatever you want to call this. Up is down, black is white and truth, well, you can’t find truth today.”
Holter is also predicting the vax injections and the narrative that they are working is going to collapse. Now, to be “fully vaccinated,” you need a booster. Even those people are getting Covid. Just ask triple vaxed Senators Booker and Warren, who both recently tested positive for Covid. Holter explains, “That’s one of the narratives that I believe will fail in 2022. The reason being is people can see with their own eyes what’s happening. They know people who have had adverse reactions. They know people who have died. You can tell someone it’s sunny outside, but when they walk outside, the moon is out. They know they are being lied to. That’s where we are headed, and I think we are really close. I think in the first quarter of 2022, the vax narrative is going to completely collapse. With it will go a great deal of misplaced confidence...Markets are held up by confidence. The dollar is held up by confidence. The credit markets are held up by confidence. Anything you do to ding or hurt confidence is going to have an adverse effect on assets, not hard assets, paper assets and all that runs on confidence.”
Holter is predicting the Fed is going to be forced to start another round of QE in 2022 and not cut back.
Another 2022 prediction that Holter is seeing is “some type of failure to deliver in the of physical gold and silver markets because the stress in the gold and silver supply, I have never seen in my life.”
 Video: Bill Holter
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Post by Entendance on Dec 25, 2021 3:09:40 GMT -5
Bijoutier, Outer Islands, Seychelles
Happy Holidays And A Golden New Year!
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Post by Entendance on Dec 26, 2021 3:38:51 GMT -5
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Post by Entendance on Dec 29, 2021 3:05:34 GMT -5
Another Stunning OCC Report
The new quarterly derivatives report from the Office of the Comptroller of the Currency, part of the US Treasury Department, was released earlier this past week covering Over-The-Counter (OTC) derivatives positions of US banks, for positions held as of September 30.
Some background data on this report. Always excluded are derivatives positions held by US banks on listed exchanges, so futures contract positioning on the COMEX is not included in this report. Also, the OCC report is incredibly non-specific in terms of whether OTC positions are net long, short or neutral – only the total notional value of the contracts held is provided. Compared to the remarkably-detailed COT report on COMEX positioning, the OCC report is like a Model T of yesteryear compared to a Tesla. Finally, the OCC report is always published with a three-month delay, compared to the usual three-day delay of the COT report.
Due to a change in methodology a few years back, gold derivatives holdings were removed from the precious metals category and put into the foreign exchange category, thereby rendering the gold derivatives positions of the US banks highly opaque and, effectively, worthless, at least to me. However, one of the unintended (I’m sure) consequences of gold’s removal from the precious metals category was that the change made much more specific the silver component of the precious metals category (which also includes platinum and palladium).
About the most redeeming feature of the OCC report is that it identifies the leading US banks by name (something the COT report doesn’t do) and how much of the total derivatives pie the 4 largest banks hold in each derivatives category by notional dollar amount. A standard feature of the report, which I have followed for 20 years or so, is how JPMorgan dominates each and every derivatives category – often to the tune of 70% to 80% of each category. I’ve always labeled JPM as the largest and most important bank in the US, and a quick perusal of any OCC report drives that fact home – it’s almost incredible how large JPMorgan is in every derivatives category. Over the years, the precious metals category most often included JPM and only one other bank.
In fact, what makes the new OCC report for positions held as of Sep 30 so stunning is the shocking reduction in derivatives positions in the precious metals category held by JPMorgan from June 30 and over the past couple of years – along with the shocking increase in holdings by Bank of America. Earlier this year, I did write about Bank of America’s surging OTC precious metals derivatives position, which has since exploded further –
silverseek.com/article/new-piece-puzzle
Unfortunately, the OCC derivatives report is not an easy report to access and on top of that, the format was changed somewhat from prior reports in which the precious metals category table was always table 9, but the new report changed that to table 21 (on page 26). Here’s the index for all OCC reports going back to 1996, starting with the most recent report. You’ll need to first download whatever report you wish to view –
www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/index-quarterly-report-on-bank-trading-and-derivatives-activities.html
Please allow me to present the new data in my own words, but as always, if you have any questions, please don’t hesitate to contact me. JPMorgan’s share of precious metals derivatives has been shrinking for the last couple of years, I believe as a result of its decision to abandon its dominating control on the short side as a result of it having amassed the largest physical (non-derivative) position in silver (and gold) in history. Moreover, I’m convinced that JPMorgan’s OTC precious metals derivatives position is now primarily long, whereas the other banks mentioned are, essentially, short.
As of Sep 30, JPMorgan’s share of precious metals derivatives had dropped to $27.6 billion, down from $38.3 billion on June 30. At the same time, Bank of America’s holdings as of Sep were $18.3 billion, up from $10.2 billion on June 30. As recently as two years ago, Bank of America held no OTC derivates positions in precious metals. Other key findings in the new OCC report were the emergence of Goldman Sachs as a precious metals’ derivatives ($0.9 billion) holder for the first time in history.
Interestingly, the precious metals derivatives position of Citibank on Sep 30 was $9.7 billion, down from $12.9 billion on June 30. Still, for the first time ever, the combined derivatives positions of Bank of America and Citibank on Sep 30, $28 billion, exceeded the holdings of JPMorgan for the first time in history. Most notable of all is that JPMorgan’s share of precious metals derivatives is now the lowest it has been in the history of this report – all while the bank has largely maintained its dominating share in other derivatives categories.
Please understand that the price of silver (the largest component of the precious metals category) was $22.20 on Sep 30, down just over 15% from the June 30 close of $26.20 – so, were all things the same, the nominal dollar amount of holdings of precious metals derivatives would be expected to have dropped by that same 15%. This makes the near 28% reduction in JPM’s holdings and the near 80% increase in BofA’s holdings even starker. JPMorgan’s holdings went down much more than the price of silver declined and Bank of America’s increase was so much larger as to be astonishing.
The actual numbers are there for you to review, but please allow me to tell you what I think the data mean. From my perspective, it means that JPMorgan is making a beeline to rid itself of short precious metals derivatives as rapidly as possible and Bank of America is making a beeline to being the silver (and perhaps gold) chump of all time. Since I’ve long contended that JPMorgan was pulling off the largest double cross in history, in slithering out of its silver and gold short positions, I can’t express any genuine surprise about this latest OCC report, although that in no way reduces its stunning impact.
As far as Bank of America, while I’m a bit surprised at the extent of the increase in its OTC derivatives position, I had previously labeled it as the likely chief double cross dupe, so no real big surprise. In practical terms, I am now convinced that Bank of America has now borrowed (and gone short) at least 500 million oz of physical silver (from affiliates of JPM), which just about assures that BofA will be the biggest bag holder as and when silver explodes in price.
As far as what prompted Bank of America to put itself in such a vulnerable position, I confess to thinking first of some deep dark conspiracy theory, but if I’ve learned anything over the years, it is not to eliminate stupidity as an explanation. To those who might suggest that the US Government is pulling the strings, then what would it gain by the switch from JPM to BofA? Besides such thinking leads one into a never-ending rabbit hole of impossible-to-prove conspiracy theories. Further, the history of banking is basically a history of blunders and bad decisions.
Remarkably, this is the second time in the past few decades that precious metals leasing – hands down the dumbest idea ever concocted by the Wall Street banks – has reared its head with a virtual guarantee to end bad. The last time around, the banks stuck it to the gold and silver miners, where tens of billions of dollars were lost by the likes of Barrick and AngloGold in gold and Pasminco and Apex Silver in silver. Here’s an article from nearly a quarter century ago describing just how dumb precious metals leasing was and still is –
www.gold-eagle.com/article/dumb-and-dumber
I can’t help but believe that Bank of America was hit with the stupid stick before embarking onto this silver journey. Of course, I suppose other explanations are possible, as long as they abide by the facts in the OCC report – although none come to mind.
The bottom line on all this is a setup so bullish in silver so as to defy words. I still stick by my contention that if the big 4 COMEX shorts don’t add aggressively to short positions on the next silver rally, we will be off the races and that Bank of America will be the big loser. For every dollar silver moves higher, it stands to lose $500 million or more. This new OCC data only adds more bullish fuel to the coming silver fire. -Ted Butler (www.butlerresearch.com)
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Post by Entendance on Jan 1, 2022 3:46:10 GMT -5
TERTIUM NON DATUR.
(There is no third possibility)
Why Are Central Banks Buying Gold?
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Post by Entendance on Jan 6, 2022 3:32:31 GMT -5
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Post by Entendance on Jan 20, 2022 1:34:27 GMT -5
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Post by Entendance on Jan 25, 2022 2:48:54 GMT -5
January 28, 2022
A GLOBAL DEBT BUBBLE ABOUT TO FIRST EXPLODE AND THEN IMPLODE
 "...If you can control the price of COMEX silver, you can, by extension, also control the share prices of the major gold mining companies, and by further extension, you can control overall investor sentiment for the sector.
Pretty neat trick, huh?..." COMEX Silver and the GDX
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler writes that Bank of America has taken what seem huge short positions in gold and silver because the bank was "tricked in some way" by bullion bank JPMorganChase & Co.
Butler writes: "No one, no matter how dumb or misinformed, would do such a thing after careful and objective due diligence. There's no way BofA senior management woke up one day and decided to put the organization in potential harm's way by borrowing and selling short gold and silver in the quantities I claim. It had to be tricked in some way."
But what if the gold and silver positions attributed to the banks are not their own at all but the positions of an entity less concerned about risk -- like an entity authorized to create and dispense money in infinite amounts?
What if the banks hold such astounding positions because they are only brokers for an entity or entities far larger? You know, like a government.
After all, the gold and silver futures markets in the United States, operated by CME Group, are actually designed for secret government intervention via what CME Group calls its Central Bank Incentive Program, under which governments and central banks and their agents receive volume discounts for trading all major futures contracts So it's far less likely that Bank of America has been "tricked" here than that Butler himself has been. His analysis is headlined "Solving a Great Gold Mystery" and it's posted at GoldSeek. Ted Butler: Solving A Great Gold Mystery
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Post by Entendance on Jan 28, 2022 17:02:50 GMT -5
"WE BUY PHYSICAL GOLD BECAUSE:
◾It has been money for 5,000 years
◾It is the only money which has survived throughout history.
◾It guarantees stable purchasing power over time.
◾It is scarce – It cannot be printed. (Unlimited paper gold creation will soon collapse.)
◾It is durable – All the gold ever produced still exists.
◾It is nobody else’s liability – Thus no counterparty risk.
◾It is held and traded outside a fragile financial system – Thus gives independence.
◾It is the ultimate wealth preservation asset and insurance against a rotten world economy..."
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Post by Entendance on Feb 1, 2022 6:35:41 GMT -5
One of the more bullish outlooks we have seen for gold of late comes from Daniel Oliver at Myrmikan Capital. Assessing what the price of gold would need to be to provide one-third backing for the Fed’s balance sheet, he comes up with a price of $11,090 per ounce and $18,150 for 54% backing (the average level maintained by the Fed from 1914 to 1933). “The Fed’s balance sheet,” he says, “is sure to grow larger, increasing those figures further. It is difficult even for gold investors to imagine these prices. Yet they are what history and math suggest are coming. … The first stop of $10,000/oz is actually not that far away: investors are going to have to get used to logarithmic scales.”
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Post by Entendance on Feb 6, 2022 4:31:04 GMT -5
The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. -John Kenneth Galbraith
Egon von Greyerz: BUYING THE DIP WILL FAIL THIS TIME
We live in the age of rampant (monetary and price) inflation, more frequent economic crises, chronic deficit spending, unpayable debt, and massive financial bubbles. That's not accidental. That's consequential.
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Post by Entendance on Feb 9, 2022 12:19:57 GMT -5
!
Rising nominal rates are good for gold! PDF
(H/T Tom from Florida)
Gold Has Now Built A Massive Base And Inflationary Pressures Are Far From Over
US Inflation surges 7.5% on an annual basis, even more than expected, and highest since 1982US Inflation surges 7.5% on an annual basis, even more than expected, and highest since 1982!   U.S. inflation accelerated in January, with prices across a wide range of goods and services soaring further amid lingering shortages and supply chain disruptions.
The Consumer Price Index (CPI) released by the Bureau of Labor Statistics Thursday morning registered a 7.5% annual gain in January. Consensus economists were looking for a 7.3% rise, according to Bloomberg data. This represented the fastest rise since 1982, as well as an acceleration from the 7.0% year-over-year increase seen in December.
Brandon Smith: ...Invest in commodities that don’t lose value to inflation, especially physical precious metals. There will come a time all too soon when street prices of gold and silver will explode far beyond the fake paper-gold markets... "In an investment world of instant gratification and Fed Intervention, when short term trading and speculation is the norm, real values are forgotten.
Confucius understood the value of long term thinking and thus real values:
If you think in terms of a year, plant a seed, if in terms of ten years, plant trees, if in terms of 100 years or more – teach the people. – Confucius
In the 2000s, fortunes have been created which are of magnitudes that are unfathomable.
No speculator or investor has had to plan his investments in this century on a 100 year basis as Confucius suggested. Instead, wealth beyond anyone’s wildest dreams have been created in a couple of decades.
Just take some of the wealthiest Americans today. Pre 1994, the following multi-billionaires hadn’t even started their businesses..."
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Post by Entendance on Feb 15, 2022 4:41:51 GMT -5
Precious metals expert and financial writer Bill Holter predicted at the end of last year that in the first half of 2022, all the false narratives will be exposed. That includes confidence and credibility in the Federal Reserve and, thus, the dollar. The Fed just had a so-called “emergency meeting” on Valentine’s Day because of spiking inflation. The meeting produced no action taken by the Fed. It did nothing. Holter explains, “Maybe we have a month, maybe we have even less than that. If they do nothing, then, basically, they have lost credibility. They have thrown in the towel, and they are telling the markets that they do not have the ability to raise rates. They do not have the ability to tighten, which hyperinflation runs completely rampant. That would be your kickoff to hyper-inflation...80% of all dollars in existence today have been printed or created over the last two years...That is hyperinflation.”
Holter points out that the huge amounts of debt and vast amounts of currency creation are signs of a fast approaching “global bankruptcy.” Holter contends, “The world is in the process of bankrupting. That’s what you are watching right now. You are watching too much debt. They have to hyperinflate to be able to service the debt. When the debt collapses, what is going to be left? The dollar is the reserve currency of the world, 60% to 70% of central banks all over the world use the dollar as their reserves. So, when you have a global bankruptcy...the only two things that cannot bankrupt are an ounce of gold and an ounce of silver, which are proof that labor, capital and equipment have been used to create those. In a world that is bankrupting, do you want to own paper or do you want to own something that is real?”
Holter says things are going to get bad—really bad. It will be unlike anything anyone has seen before in modern history. Holter predicts, “We absolutely are in a global bankruptcy, but that should not be the title of this interview. Your title should be ‘In 2022, Man will Turn Back to God.’ I think things are going to get so bad in the second half of this year that, finally, man will turn back to God. You see this always during bad times. Man turns to God, and I think on a mass scale, you are going to see that later this year.” BILL HOLTER HERE
 
Dear Fellow Investor,
Gold soared over $30 on Friday, prompting some gold bugs to cheer on social media…and some gold bears to chalk the entire move to the Russia-Ukraine worries.
Both camps were wrong to some extent.
First, let’s examine the bear case. They believe gold’s big move on Friday was due entirely to the U.S. State Department news conference warning of an imminent Russian invasion of Ukraine.
This is a popular view, but it ignores the fact that gold had already jumped about $14 before that news conference. Now, traders might have sensed something coming, but gold has been rising in fairly consistent fashion since the late-January lows.
An impressive rebound was already in progress — and one that had been successfully fighting headwinds like hawkish Fed rhetoric (not to mention St. Louis Fed President Jim Bullard’s apparent transformation into an ultra-hawk), soaring Treasury yields and dollar strength.
That gold was rising in this environment was extremely impressive. Add in the fact that it broke decisively through the resistance at $1,835 and was on the verge of a “golden cross” (since completed, with the 50-day moving average rising through the 200-day), and the future looked bright for the yellow metal.
Then, of course, came the Russia news on Friday that catapulted gold up to $1,860 and sent gold bugs cheering.
And here’s why they’re wrong: The Russia kerfuffle wasn’t driving gold’s rally in the weeks before Friday’s surge, it could now derail that move.
That’s because a large segment of traders are crediting this geopolitical brushfire for gold’s rise. And thus, when it eventually calms down, they’re going to sell the metal in reaction.
It won’t matter much over the long term, since the monetary fundamentals are still so much in favor of gold.
But over the short-term, it presents a risk that investors need to recognize.
Geopolitical issues never drive consistent, long-lasting moves in gold, and those investing on the basis of such events almost always end up holding the bag in the end.
You should already be well-positioned in the metals and mining shares based on the powerful monetary drivers. If so you can afford to sit tight and let this drama play out…and I strongly advise you to do so.
All the best, Brien LundinEditor, Gold NewsletterCEO, the New Orleans Investment Conference  |
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Post by Entendance on Feb 17, 2022 0:30:43 GMT -5
 "...As currencies expand, and in turn debase, as bubbles rise, and in turn crash, as pundits squawk and in turn vanish, and as debt rises and in turn destroys, gold is always the patient real asset which, unlike any other, gets the last word over the increasingly discredited words we are hearing from on high today.
For those who know as much about history and math as they do about currencies and debt bubbles, the daily gold price is never a concern, as the long-term play is always clear and always the same: Gold is the ultimate insurance against currencies and systems already burning to the ground." How Markets Tank & Gold Rises
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Post by Entendance on Feb 20, 2022 4:43:41 GMT -5
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Post by Entendance on Feb 22, 2022 2:16:24 GMT -5
February 23, 2022
"Gold investors should stay away from countries like Canada, with fascists leaders. As gold is now breaking out to new highs (more later in this article), both old and new gold investors must be very careful how and where they keep their precious metals. Canada is no longer safe for gold investments.
Trudeau has issued an executive decree that gives him full emergency powers to punish the people who are involved with the truck drivers’ blockade. This action should have been taken by the courts in order to follow the rule of law. Instead, Trudeau has given himself the power to seize bank accounts of the people and also cancel their insurance.
The emergency act which he has invoked is intended for real emergencies and not for squashing protests against his unpopular policies...
The Jesuits are just as influential and menacing today as they were 500 years ago.
Trudeau, Jerome Powell, Macron, Biden, Conte, De Mistura, Clinton, Fauci, Monti, Draghi, Elisabetta Belloni, Ciampi, Van Rompuy, Barroso, Rutelli, Mattarella, DeGennaro, Fassino, Abete , Montezemolo, De Rita, Padellaro, Sansonetti & many others /tanti altri...
***What do they have in common? 
  Slated for completion in early 2023, The Reserve is a state-of-art mega vault to be built by Silver Bullion in Singapore. While most vaults are built to store gold, the bulk of The Reserve’s 15,000 metric ton capacity is designed for silver and similarly priced rare industrial metals. This incredible facility will also have 15 UL-class 2 vaults to store up to 500 tons of gold.
With 180,000 sqft of space available, The Reserve will offer more than precious metals custodial services. It will also be a center for alternative assets such as the trading, authentication, digitization and collateralization of high-value items such as luxury timepieces, art and digital assets.
Built around transparency by design, The Reserve will be a facility like no other - the ultimate safe haven from the coming financial storms.Leasing of office spaces is available for wealth management and family offices. Details to be available shortly.
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Post by Entendance on Feb 24, 2022 13:53:16 GMT -5
!
Ukraine is part of a far bigger geopolitical picture. Russia and China want US hegemonic influence in the Eurasian continent marginalised. Following defeats for US foreign policy in Syria and Afghanistan and following Brexit, Putin is driving a wedge between America and the non-Anglo-Saxon EU.
Due to global monetary expansion, rising energy prices are benefiting Russia, which can afford to squeeze Germany and other EU states dependent on Russian natural gas. The squeeze will only stop when America backs off.
Being keenly aware that its dominant role in NATO is under threat, America has been trying to escalate the Ukraine crisis to suck Russia into an untenable occupation. Putin won’t fall for it.
The danger for us all is not a boots-on-the-ground war — that’s likely to only involve the pre-emptive attacks on military installations Putin initiated last night — but a financial war for which Russia is fully prepared.
Both sides probably do not know how fragile the Eurozone banking system is, with both the ECB and its national central bank shareholders already having liabilities greater than their assets. In other words, rising interest rates have broken the euro system and an economic and financial catastrophe on its eastern flank will probably trigger its collapse... ...The euro system is already insolvent, and Russian action on energy supplies could tip the whole currency system over the edge.
Bonus Link (H/T Tom from Florida)
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Post by Entendance on Feb 26, 2022 3:54:56 GMT -5
 Moscow is boosting its international holdings as a hedge against sanctions risk
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Post by Entendance on Mar 1, 2022 4:22:10 GMT -5
Will Russia Demand Payment For Natural Gas & Oil In Gold?
Get Ready for More Money Printing
Get Ready for Tanking Currencies
Get Ready for More Misleading Headlines from On High
***Ukraine War Headlines:
 Belarus President Alexander Lukashenko
Dear Friend of GATA and Gold,
USAGold's "News & Views" letter for March is headlined "Waiting for the Fed" and makes reference to the 1950s play by Samuel Beckett, "Waiting for Godot," which, for some reason, high schools across the country used to make required reading, maybe because it was meaningless. In any case, as "News & Views" notes, in the play Godot never shows up.
"News & Views" wonders whether the Fed will ever show up with interest rates. GATA thinks it's more likely that the Fed and Treasury Department will keep showing up, if behind the curtain, with intervention in the gold market.
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Post by Entendance on Mar 4, 2022 4:15:50 GMT -5
It is easier to make a fortune than keep it.
"...For if you ban Russian gold bars in the London market, this would surely accelerate the use of Russian gold as the ultimate currency for non-Western trade, and the deployment and use of this same Russian gold everywhere else in the global market, from Shanghai to Mumbai, from Dubai to Minsk, from Islamabad to Riyadh, from Astana to Sao Paulo and from Pyongyang to Johannesburg. Maybe that is the LBMA – HM Treasury – US Treasury’s worse case nightmare, and the real reason why the LBMA is stalling." LBMA’s Fear of Stoking the Russian Bear – From ETF Concerns to Monetary Mayhem
 "...The bullion banks will be desperate to cap their positions..."
Mar 10, 2017 at 11:10am : Apparet id quidem… etiam caeco: the EU project is dead. The EU is arrogance personified.
€, the currency of a failed political experiment: a one for all currency doomed to fail even before it was launched. ...the ultimate uselessness of currency reserves and the benefits of gold...By cutting off the RCB from its reserves, the West has made the case in Russia for gold reserves in their entirety, with only trivial amounts of foreign fiat for liquidity purposes. And the conditions necessary for tying the rouble’s liquidity to gold is partly there already....The destruction of the global fiat Ponzi scheme is a step closer
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Post by Entendance on Mar 7, 2022 3:58:20 GMT -5
March 7, 2022 Egon von Greyerz
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!10 reasons 
Weekend Video: 
E. 
DOLLAR DEMISE: 
Bullion Star's Ronan Manly: 
Rising geopolitical tensions brighten 
Gold is the Ultimate Inflation Hedge, 
Gold Rush: 
Gold & Silver Price Turkey: 
A Bretton Woods II Moment & 
This Ignored Metal Market 
E. 
E. 
THEM OR US. 
E. 
E. 
Debt-to-GDP ratio by Country: 
How to safely protect 
...GOLD WILL SOON BE A “MUST HAVE” ASSET..." 
Russian gold and forex reserves 
The 
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