In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012.
Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares). The total value of the stock sales amounts to nearly $50 million.
What’s equally as interesting as his sale of major financials is where Soros has shifted his money. At the same time he was selling bank stocks, he was acquiring some 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust.
When a major global player with direct ties to the White House, Wall Street, and the banking system starts off-loading stocks and starts stacking gold, it suggests a very serious market move is set to happen.
While often lambasted for his calls to centralize global banking, increase government intervention in the economy and his support of what he has called an “emergence of the new world order,” if there’s anyone with an inside track of where things are headed next it’s Soros.
Soros, who has written extensively of a coming global paradigm shift in his book The Crash of 2008 and What It Means, calling the current economic and political model ”an end of an era,” hasrecently suggested that the financial and economic situation across the world is so serious that Europe could soon descend into chaos and conflict. He also notes that the world is entering “one of the most dangerous periods in modern history”, and foresees violent riots in America and a brutal clamp-down by the government that will dramatically curtail civil liberties.
This is an individual who not only predicted the collapse of 2008 and took action to insulate himself, he also proposed the various fixes that governments in Europe and the US would eventually implement in order to stave off a deflationary depression. In his aforementioned book he suggested that central banks infuse the system with massive amounts of monetary expansion, but also warned that not injecting enough money would simply extend the onset of deflation and printing too much could lead to hyperinflationary currency collapse.
Based on recent activity in Soros’ US held accounts, it seems that governments and central banks have failed at those efforts to stabilize the system. As such, Soros is getting out of those companies which are most at risk should the financial system buckle like it did in 2008 and he’s shifting his assets into what may be the only asset class left standing when it’s all said and done.
The Fukushima Daiichi nuclear disaster is far from over, as new reports explains that water samples taken nearly 400 miles off the coast of Japan in the Pacific Ocean are showing radiation levels of up to 1,000 times higher than previous readings. Presenting their findings at the recent Ocean Sciences Meeting in Salt Lake City, Ut., scientists continued to claim these severely elevated radiation levels are not a significant health or environmental threat.
Back in June 2011, a ship carrying scientists traveled off the eastern coast of Japan collecting water samples at distances of roughly 20 miles to 400 miles from the coast. Upon analysis, these samples were found to contain elevated levels of cesium-137 at ten to 1,000 times higher than levels detected before the Fukushima disaster, which is highly alarming.
Included in the detections was the presence of radioactive silver, which is an obvious product of melted control rods at the nuclear facility. The mainstream media is claiming that this silver is simply a result of nuclear fission, but the reality of the situation is that this silver is evidence of a complete core meltdown at the facility, which is obviously having widespread repercussions.
Meanwhile, Hartmut Nies, an official from the International Atomic Energy Agency (IAEA), insists that all this radiation is not that big of a deal. He even went so far at the recent meeting to claim that “if it was not seawater, you could drink it without any problems,” a completely absurd position that has no grounding in science.
As part of their misinformation campaign, IAEA officials and others compared the radioactive cesium and silver to the naturally-occurring, elemental potassium-40 found in seawater. This natural potassium, of course, is much different than the radioactive elements being emitted from Fukushima, as sea creatures have developed a natural tolerance for potassium-40.
Even those falsely claiming that all this radiation is completely harmless to humans are at least admitting that the findings are indicative that the Fukushima nuclear facility is still leaking radiation into the environment. Marine chemist Ken Buesseler, for instance, who recently said radioactive seafood is safe and that he would eat it, toldFish Info & Servicesthat the reactor “still seems to be leaking,” and that it “hasn’t shut off completely.”
Days before the doomed financial broker filed for bankruptcy, MF Global conducted “unexplained wire transfers” that led to a $900 million shortfall in client funds, leading customers like Gerald Celente to learn that their accounts had been looted and setting the precedent for internal bank runs as more big firms go bust.
According to Bloomberg, “Examiners from CME Group Inc., the world’s largest futures exchange, found unexplained wire transfers at MF Global Inc. and a $900 million shortfall in client funds during the weekend the failing broker was talking with possible buyers, a person briefed on the matter said.”
CME noticed the missing funds on October 30, but MF Global didn’t inform the Commodity Futures Trading Commission until the day after, suggesting that the transfers were made, “in a manner that may have been designed to avoid detection,” according to CME.
The suspicious cash movements are now being probed by the U.S. Justice Department.
MF Global trustee James Giddens said in a court filing yesterday that customers would get back 60 per cent of their account funds, prompting fury amongst clients, many of whom used their accounts for business collateral and living expenses.
Although individuals were burned by the broker’s downfall, larger clients were protected from the fallout because they had the miraculous fortune of withdrawing all their funds just weeks before the collapse.
“Both the Commodity Futures Trading Commission and the Chicago Mercantile Exchange were charged with overseeing MF Global, their clearing member. If we are to believe them, they had no idea of any difficulties within the firm before customer accounts went missing just a few days before the collapse. But someone clearly knew of the cratering positions and imminent collapse of MF Global, as billions of dollars of accounts were “coincidentally” withdrawn,” writes Huffington Post’s Daniel Dicker, noting how funds in accounts owned by the billionaire Koch brothers were withdrawn just in time, clearly suggesting that big players got a “heads up” that MF Global was going down.
Although the collapse of MF Global was assured when it came to light that the broker was heavily exposed to the European debt crisis, causing the broker’s stock price to plummet, Fox Business reports that numerous circumstances indicate the downfall was in the works weeks before, drawing attention to the fact that employees didn’t receive commissions for the third quarter and were fired two weeks before the firm filed for bankruptcy.
One of the victims of the scandal, popular trends forecaster Gerald Celente, joined Alex Jones on Infowars Nightly News to detail how a six figure sum was looted from his gold futures account, which, unbeknownst to Celente, was being held under the auspices of an MF Global subsidiary.
As the Financial Times reported, the hundreds of millions in looted funds from customers’ accounts later “turned up at JPMorgan Chase, the failed broker-dealer’s custody bank.”
Despite his account being fully funded, Celente was hit by a margin call as Chapter 11 trustees stepped in to take control of his funds, leaving his account empty thereby closing his positions and preventing him from taking physical delivery of his gold which was due in December. When Celente rejected demands to transfer more money into the account it was hastily closed.
Speaking with Alex Jones, Celente expressed his fury at the move, labeling it an example of “economic martial law,” and speculating that the real reason for the looting was because the broker never had the gold and silver to deliver in the first place.
Celente encouraged Americans to cash out of all gold ETFs and withdraw their funds from the bank because “they are going to steal all our money”.
The trends forecaster savaged MF Global CEO Jon Corzine, labeling him a “cheap SOB” who was responsible for the collapse because of his using customer funds to bet on losing European bonds.
“How come he’s not in jail, because he’s one of the white shoe boys from the Goldman Sachs crowd,” Celente fumed, going so far as to say Corzine “should have died” in his recent car accident.
Celente said that he had sufficient funds stored in a safe place that could not be looted and that if anyone did try to steal them and threaten his life he wouldn’t hesitate to ‘blow their brains out’.
Celente reiterated his plea to Americans to withdraw all their money from the banks and leave only operating capital in their accounts, warning that “the merger of state and corporate powers” has brought “fascism” to America.
The takedown of gold and silver markets over the past two weeks signified a new milestone in corruption, brazenness, arrogance and it reveals the level of evil control behind our government. This past week, in just one week, saw gold fall almost $200 and silver about $10.00. We have been involved in gold and silver for 53 years and the only event that comes close to this was October 19, 1987, when we witnessed the Bank of England sell down gold $100.00 under the orders of the Fed and the US Treasury, which borrowed the gold from the IMF.
That was illegal, but that means little to the Illuminists who do as they please. Today thanks to Ronald Reagan we have the “President’s Working Group on Financial Markets,” which has legitimatized corruption to conform to the Keynesian model of corporatist fascism. After the close on Friday we were informed, that the CME, which controls the Comex, had raised margin requirements on gold by 21%, silver 16% and in copper by 18%. In retrospect it is obvious that many banking insiders and traders knew early in the week that this momentous psychological warfare was going to be unleashed on these markets. Your government definitely rigged these markets. Today in America and many other places as well, crime pays. What has been done to investors over this past week is not only a crime, but also a disgrace to all Americans.
Let us now look at the flipside. All is not lost, because there is a limit to the damage that can be done. The paper attack on gold was concentrated and accomplished by using futures, options and derivatives. Thus far there is no evidence of any major sales of gold or silver. This in the past has generated very short terms of suppression. The fundamentals have not changed one bit and if anything they are stronger than ever. The world is in the midst of financial collapse. It could take a few months to fall or several years. We do not have a presence behind the scenes, but we do know history and we know what these criminals are up too and what the end game is and that is world government. We have to back into time sequence. That has thus far been enough to help us to make excellent calls. The call this time is we are approaching another bottom. A bottom that probably won’t be seen again. Major buyers of gold and silver have to be waiting with open arms for such a great opportunity to purchase both metals at bargain basement prices. There are sovereigns who are loaded with US dollars, who have been waiting for just such an opportunity to sell them into a strong dollar market to purchase inexpensive gold and silver. Today’s market is totally different than the gold and silver markets of just two years ago. Big players are big buyers. Prior to that the opposite was true as sovereigns were sellers year after year, and both were transferred from weak to stronger hands. The monetary and fiscal situations in Europe, the UK and US are in a shambles. The privately owned Federal Reserve, the Bank of England and the European central bank have all lost credibility. Just look at the reception “Operation Twist” received – bonds rose and the stock market was hit by a typhoon. The Fed has lost its credibility in the investment arena worldwide, because of forced compromise to existing problems. The fed simply didn’t have the guts to implement a QE 3. If the Fed is not quickly forthcoming with a new plan the Dow could fall thousands of points. The damage to gold and silver is already in the history books and the turn back up is already taking place. No matter what the powers that be do they cannot for any period of time control gold and silver prices. There are too many buyers who want to dump fiat currencies. Under the circumstances the Twist was the wrong choice at the wrong time. Financial professionals worldwide believe it is a joke. They see the lack of proper action, the activation for events for more damaging then those of 2008 and if something doesn’t happen this week markets and economies are doomed. The elitists knew this and that is why they attacked gold, silver and commodities. This was so investors would think it was a general overall retreat not a reflection of Fed incompetence. Their fall had nothing to do with reality and everything to do with smoke and mirrors. This should not surprise anyone. It has been used over and over again by the gold and silver suppression cartel.
In reaction to Mr. Bernanke’s folly stock markets worldwide fell about 5% in just two days, which was a considerable feat, piling on to previous losses. Friday would have been a loser as well, but for the PPT being assisted by short covering. This poor choice of assistance has slammed the market and it has set the stage for a monster rally in gold and silver and commodities as well. The idea of pegging interest rates on Treasury debt is foolhardy in the current environment. Subsidizing rates leads to imbalance and losses. This and zero interest rate loans to banks, and massive monetization are going to eventually raise havoc with the economy, not to mention climbing inflation. It should also be noted that all these actions encourage more leveraged speculation. The elitist should learn that all their machinations won’t work especially these attacking gold silver and commodities. We might add that attacking every world currency won’t work either. The elitists in brokerage and banking are making a killing in this slaughter, but on the other hand it gives us cheap prices to buy into.
This latest fiasco gives us two major problems. The other naturally being Europe and Greece. Duress isn’t the word for it. Global systemic risk lurks around every corner. In Europe the ESRB has called upon governments to prepare capital injections for banks, which were close to failure, or failed stress tests. The taxpayer is to be the lender of last resort. At this juncture those who do not recognize all of these machinations as a Ponzi scheme just do not get it. As we saw in QE 1 all the effort was put into saving the financial sector, and in Europe presently we are seeing the same thing happen. At the moment at least, and we do not expect any quick recoveries, Europe is weaker and in more serious trouble than the UK and US. The problems of Europe, the US and UK have now as well spread contagiously into Asia, its financial system and into their economies as exports fall. Europe is one step away from losing control. The question is how long will it take? We do not know, but we will have a better idea after September 29th. Then we will have to reassess Europe’s public and banking debt and bad debt problems. If you remember we predicted this crisis occurring a year ago. Well, here it is. What Brits and Americans fail to understand is that the worst is ahead for them as well.
Make no mistake Europe is facing another liquidity crisis worse than the Lehman crisis. This crisis is being exacerbated by massive markets manipulation by major US and UK banks and brokerage houses. They will do just about anything to gain an edge. You saw this last week in European, UK and US markets including commodities, gold and silver. These criminal opportunists are going to play this game to the bitter end, because they will not accept a purge of the system.
In the past spring we could see problems arising at banks and in the corporate world. Now we see those conditions manifesting themselves. These were the institutions that paid no heed to prudent lending and now are paying for it dearly. US money market funds and other institutions have pulled 2/3’s of their short-term investments out of EU banks, particularly in France. In addition European corporations are withdrawing funds from French banks and lodging the deposits at the ECB. It is not surprising to us that the Rothschilds had to come to the aid of Soc Gen three weeks ago.
The US has its share of shaky banks. We all should be aware of the condition of BofA and the Bank of NY. They are not the only US banks in trouble in the too-big-to fail category. There are a score of them that the media conveniently fails to report on. Many of these banks are finally being sued for fraud. Most of their officers should have been charged criminally long ago. The mortgage securitizations they were involved in were in some of the worst financial scams in history. Even worse yet, were the rating companies that courts have let totally off the hook. The complicity and criminality jumps right out into your face. As you can see in American society some are more equal than others.
Even German banks have not escaped the lack of capital, obviously having lots of bad assets on their books. They could need an infusion of some $200 billion. This is fairly widespread. They all made similar errors. We have always thought there was more to Germany’s bank problems than met the eye. We still believe there was a secret deal between these banks and the Fed. Why else would it have taken on 60% of American banks’ toxic waste? It is of interest as well that the IMF says European banks could be short capital of $270 billion.
The European crisis is still escalating and Ben Bernanke has chosen the wrong vehicle, operation Twist, for recovery. Mr. Bernanke and the Fed had best have a plan B for this week. For the moment the stock market decline has been arrested by the PPT, but for how long? At the same time this same group expends billions of dollars pushing gold and silver lower? These events go forward as the IMF says the world economy is in trouble. We see the fed’s efforts as having a slow effect that will perhaps relieve the 3.8 million house inventory they and lenders are carrying, but it is a losing battle even at 30-year fixed mortgage rates of 3%. The 4-year foreclosure projection is for an inventory of 8 to 11.5 million foreclosed homes as the building industry adds 550,000 new homes annually. We ask what can they be thinking? The Fed has taken the wrong road for its prime vehicle. It doesn’t mean they have to abandon operation twist, but they have to have something that will act quickly to move the economy into growth. It is quite evident at the same time that they will have to purchase $850 billion to $1 trillion in Treasuries as well, plus loan more than $1 trillion to European banks and perhaps governments. The downside on the 10-year note could be at 1%. Who would buy such paper with 11.4% inflation? No one of sane mind would make such an investment. They had best do something quickly. It should not be buying mortgage bonds and collateralized mortgage debt. That only shores bank balance sheets. The Fed needs banking to prudently lend out the $2 trillion they are sitting on if small and medium sized business will borrow it and create jobs. The Fed and government have only two choices, inflate or purge the system. They had the same choice in 1990, 2000 and three years ago. We have seen 20 years of lying, manipulation and incompetence and the American public is sick of it. There is no question that lack of confidence is hurting recovery and that could change if Mr. Bernanke was replaced. Reflection of that lack of confidence is the abrupt lack of insider buying of company shares. It could be the Fed, Treasury and the “President’s Working Group on Financial Markets” have lost control. If it were not for the terrible problems in Europe the dollar would be much lower versus other currencies, gold and silver. The economy needs inflation and it is up to the Fed to supply it. If chairman Bernanke cannot supply that he will soon be leaving his post.
Part of what happens as a result of Thursday’s Bundestag vote will dictate how the ECB handles its problems pertaining to policymaking, its circumvention of rules and the holding of an enormous amount of securities and banks that are weak along with insolvent governments. In addition, they have to find a way to sell these securities. Their only hope is if Germany agrees to participate on Thursday.
In the meantime in case the Bundestag refuses behind the scenes a grand plan is being put together involving massive bank recapitalization, which would give the EFSF more power. This in part would be done by the ECB via leverage and a loss-sharing arrangement to avoid having to further submit to national congresses for approval, effectively relieving them of their sovereignty. The German people do not want this, but the CDU is pushing it in exchange for its support against intervention and a partial Greek default, which the CDU rejected two years ago. Many want the ECB leveraged, but within the legal framework of the EU Treaty and the bailout fund it cannot be leveraged. Just involving the central bank violates the EU Treaty. This past weekend the IMF meeting in Washington produced nothing. The effort to raise $3 trillion would trigger credit downgrades for all participants.
The ECB recently purchased some $55 billion of Italian and Spanish bonds in the open market, which was in breach of rules. We might ask whom will they sell them too?
There is no question bankers and central bankers are trapped and there is no way for them to painlessly extricate themselves. These are the experts that have been responsible for imprudent lending and they demand they be bailed out.
In the US the Fed has to resort to QE 3 and if they do not the system will collapse. They have to assist in creating jobs. There can be no recovery without job creation. The only way to recovery is lavish federal spending, not budget cuts, otherwise the great purge begins; already the hour is late.
What has to be indelibly printed in everyone’s minds is the self-interest of banks and bankers. Problems are not dealt with expeditiously because it is all about self-interest and survival. Jobs, the recovery and the economy are secondary. The continuation of the EU and the euro zone has to be saved at all costs by any means to bring about world government. The move toward a super-state has to be done quietly and with stealth, without the people realizing what is being done to them – eventual enslavement. Politicians who have ceased to represent their constituencies are expediting the road to serfdom. That is reflected by 70% of legislation coming from bureaucrats in Brussels. In the US it is done via payoffs.
The crisis is again in control and whether Europe can put its house in order remains to be seen.
Last week the Dow fell 6.4%, S&P 6.5%, Nasdaq fell 4.3% and the Russell 2000 8.7%, as Ben Bernanke performed his most recent magic. Banks only fell 9.5%; and broker dealers 8.8%. Cyclicals fell 11.1%, transports sank 9.6%; consumers 5.1%; utilities 1.4%; high tech 5.8%; simi’s 5.8%; Internets 6.4% and biotechs 4.1%. Gold fell $155.00, the HUI gold index fell 11.7% and the USDX rose 2.5% to 78.50.
Two-year T-bills rose 5 bps to 0.21%; 10-year T-notes 22 bps to 1.83% and the 10-year German bund fell 12 bps to a record low of 1.745%.
The Freddie Mac 30-year fixed rate mortgage was unchanged at 4.09%. The 15’s were off 1 bps TO 3.29%, one-year ARM’S rose 1 bps to 2.82% and the 3-year fixed rate jumbos fell 4 bps to 4.76%.
Fed credit fell $4.3 billion to $2.849 trillion. The yoy increases is 24.2%. Fed foreign holdings of Treasury, Agency debt fell $7.1 billion to $3.468 trillion. Custody holdings for foreign central banks are up $118 billion ytd and $255 billion yoy or up 7.9%.
M2, narrow, money supply fell $7.5 billion to $9.584 trillion, it is up 11.9% ytd and 10.3% yoy.
Total money market funds fell $11.8 billion to $2.621 trillion.
Commercial paper outstanding fell $13.4 billion to $1.030 trillion. That is a 10-week decline of $207 billion.
Despite a report from the World Gold Council showing that demand for the precious metal has subsided, gold soared to a new record high today on the back of another stock market plunge and an announcement from Venezuelan President Hugo Chavez that the country’s gold mining industry would be nationalized.
Gold touched a new record high of around $1827 dollars an ounce as the Dow Jones plunged by 500 points in early trading.
Gold soared to new heights even in the face of a World Gold Council report that said demand was down 37% year on year.
However, the report noted that there was “increasing acceptance of higher price levels” globally, which explained a modest 3% fall in recycling gold on the supply side.
Although today’s new high for gold is obviously being driven by a flight to safety as the stock market crumbles, Hugo Chavez’s announcement last night that he was to nationalize the country’s gold mining industry undoubtedly has had an impact on today’s trading.
Chavez likened the people that control the gold industry to “the mafia,” stating, “We can’t keep allowing them to take it away,” as he made public plans to withdraw $11B in gold reserves from U.S. and European banks, including 99 tonnes held with the Bank of England and other reserves held by J.P. Morgan Chase, Barclays, HSBC and Standard Chartered, France’s BNP Paribas and Canada’s Bank of Nova Scotia.
Of the country’s 365.8 tonnes of gold, 211 tonnes is believed to be held abroad.
“At the time of these disturbances, it’s preferable to recover our assets, in this case the gold, and have it here in the vaults,” Venezuelan Central Bank president Nelson Merentes said, adding that it would be re-invested in more stable economies like China, Russia and Brazil.
Venezuelan Foreign Minister Nicolas Maduro said the move was part of a plan to create a “new international monetary system” as an alternative to the crisis-hit dollar reserve structure that currently governs the financial world.
Chavez’ decision to pull gold reserves out of the United States and Europe is only going to increase concerns about lack of mine supply, which is already set to fall by around 5.1 per cent this year. This will ensure gold sails through the $2000 barrier sooner rather than later.
As the George Washington Blog notes, “Nationalizing Venezuela’s gold means less gold available in the free market, and the scramble for physical gold to make good on Venezuela’s recall demand could challenge the 100-to-1 leverage levels of paper gold derivatives to physical gold.”
Med anledning av det rådande globala finansiella situationen har intresset för fysiskt guld drastiskt ökat. Detta har medfört att de Europeiska guldproducenterna har sålt slut på guld vilket har medför att guldhandlare i Europa har svårt att få tillgång till fysiskt guld. Med anledning av detta kan därför Tavex tillfälligt inte mottaga fler guldorder. Denna situation är exceptionell och saknar motstycke i Tavex 20-åriga historia. Vi bevakar situationen nära och vår bedömning är att situationen är av tillfällig art och att vi snart skall kunna fortsätta vår guldhandel som vanligt. De kunder som redan har lagt och betalat en order kommer att få sina produkter.
Two weeks ago we presented a chart that shows the uncanny correlation between the debt ceiling and the price of gold. Now that we know the final amount of the next debt ceiling hike, somewhere in the $2.5 trillion ballpark, it allows us to extrapolate where gold will end up as a result of the debt ceiling hike which will likely be voted into law at 7pm PDT.
A simple correlation rule of thumb allows us to predict that gold will be at $1,950 by the end of the year if it simply retains it close correlation to the debt ceiling. Should Bernanke announce that he will additionally need to monetize some or all of this incremental debt amount, we anticipate that gold will be well over $2,000 by the end of the year, courtesy of yet another round of accelerated dollar debasement, which also means that real gains in US stocks will be negated courtesy of the devaluation of the currency in which they are priced. The same, however, does not apply for gold, which with every passing day is priced in nothing but itself.
The Bloomberg chart of the day first presented on July 20.
And our revised version including the projected gold price.
Det finns ett flertal faktorer som driver upp värdet på ädelmetall däribland:
- Instabil pappersvaluta
- Industriell efterfrågan
- Obalans på investeringsmarknaden (hög efterfrågan - lågt utbud)
- Otillräcklig präglingskapacitet
- Lögnen med ouppbackad pappersmetall synas
- Brist på metallen
När kommer rekylen?
Borde det inte vara naturligt med någon typ av större rekyl på vägen? Jo, sett ur traditionell synvinkel men kom ihåg att en rekyl ned i ädelmetallpriserna innebär en rekyl upp för pappersvalutorna (fiat-valutan). Detta är desto mer osannolikt.
Värdeökningen för ädelmetall kommer fortsätta så länge vi har ett instabilt valutasystem. Först den dagen vi har ett monetärt system som präglas av stabilitet riskerar värdet av ädelmetall att minska över tid. För detta krävs sannolikt att ädelmetall blir en beståndsdel i valutan vilket i sin tur ökar efterfrågan. Det är således svårt att finna något troligt scenario för att ädelmetall skulle minska i värde över tid.
Troligt vis kommer "en del" av rekylen i maj månad.
Silver is a better bet than gold in the current precious metals bull run and has been described as "gold on steroids" by one asset manager.
Brian Ostroff, the managing director of Windermere Capital, a Canadian investment firm, said he was bullish about the prospects for all precious metals because the world's central banks were printing money. But he was particularly upbeat about silver.
"We love silver. It has definitely come into the forefront. The physical market characteristics are very positive," he told the Gold Report. "Ultimately, we view silver as gold on steroids. When you're in these uptrends and everyone's looking at precious metals, silver tends to perform much better [than gold].
"We think that, as the whole precious metals bull market proliferates and more average investors start to look at it, silver at $35–$40 might be more appealing than gold at $1,400–$1,500."
Silver was trading at $43.24 an ounce on Monday, its highest level since 1980. At the same time, gold hit an all-time high of $1,489.
But Mr Ostroff warned silver investors that they faced a bumpy ride. "Our feeling is that silver offers a better opportunity relative to gold – but make no mistake about it, silver is a lot more volatile. If we get a downturn in precious metals, silver will fall harder than gold," he said.
Asked why he was bullish on precious metals, he said: "I've always believed that gold is a currency. Ultimately, investors have a choice – put their money in dollars, yen, euros or pounds, as they choose, or in gold. The one difference is that gold, unlike paper currencies, has to be found and mined.
"Last year, gold production was up by about 3pc. That compares with all the central banks around the world that are just printing money.
"Now, I don't put myself in the camp of being an absolute doomsayer, in terms of the fiat [paper] currencies or the US dollar. What it really comes down to is: if the Americans print 20pc more dollars, the Europeans print 20pc more euros and the British print 20pc more pounds, you can't all of a sudden come up with 20pc more gold. The relative valuation continues to favour gold."
Torsdagen den 14:e April 2011 Centralbankerna nettoköpare av guld
Efter att centralbankerna i många år orkestrerat guldförsäljningar har centralbankerna bytt kurs och är numera nettoköpare av guld. Till och med centralbankscheferna börjar inse att statsobligationer är osäkra i dessa tider.
Främst är det centralbankerna i Kina, Indien, Ryssland och Mellanöstern som köper guld. Dessa är mer kompetenta än centralbankerna i väst. De orientaliska länderna är måna om att bevara värdet på sina tillgångar.
I väst jagar centralbankerna ränta men verkar strunta i att tillgångarnas realvärde minskar och blir värdelösa. DI titulerar Riksbankens guldförsäljning som "Riksbankens gyllene affär" trots att Riksbanken sålt av hela 60 ton guld 2004-2009 och nu endast har kvar 126 ton.
Riksbanken motiverar med att de önskar förbättra den riskjusterade avkastningen.
Detta är fullständigt förkastligt och gör mig bara förbannad. Papperspengar kommer och går och medan ädelmetall består. Frågan är om Riksbankens guld ens finns fysiskt allokerat eftersom bankens guld enligt egen utsago förvaras på "olika platser i världen". Var? Libyen? Pappercerifikat på råvarubörserna? Jag uppmanar Riksbanken att genast ta fysisk besittning av vårt guld om det inte redan är förlorat.
För varje oz silver du köper så förlorar JP morgan chase 100oz pappers silver(silver aktier). man använder aktier i silver för att öka handeln av "silver". När man handlar mycket pappers silver så sjunker priserna både på aktierna och på riktigt silver.
Eftersom att JP morgan chase är en bank som håller andras silver så måste dem sälja 100 oz pappers silver för att kunna köpa 1 oz riktigt silver som dem sedan kan skicka till leverantören som sålde ett oz riktigt silver.
i kort, JP morgans silver valv är tomma fast det står att dem ska ha ~7 ton. Därför kan du crasha JP morgan om du köper 1 oz silver. (extremt kort)
Gold prices were falling Monday as investors traded in their gold for cash at record high prices and as the U.S. dollar rallied.
Gold for June delivery was down $3.90 to $1,470.20 an ounce at the Comex division of the New York Mercantile Exchange. Gold has traded as high as $1,478 and as low as $1,465.60, while the spot gold price was shedding more than $8, according to Kitco’s gold index.
Investors were cashing in on gold’s record rally Friday, when the metal popped 1%. Record prices might also be scaring off traders worried about buying at the top. Silver prices seemed immune and were still rallying 62 cents to $41.23 an ounce despite jumping 7% last week.
Following sovereign debt crises in Greece and Ireland, the Prime Minister of Portugal asked the European Union for a bailout on Wednesday. With the United States’ deficit causing coast-to-coast panic, can we learn from what’s happening overseas? The Market Ticker’s Karl Denniger says that the story is far from over.
When faced with dept you dont owe, just say NO!
Dr.Stefan
Guld silver och olja fortsätter att "öka" i värde. Det gör även matpriserna något som inte nämns. Dock ökar varorna inte i värde, det är mer värdet på pengarna som försvinner vilket driver upp priset.
Silver skulle lätt kunna gå till 500$ per oz(uns) med dagens inflation, det ligger på ~40$ idag nu på morgonen. Men detta gäller bara om vi upptäcker hur inflaterat det monitära systemet vi har idag är.
Oljan kommer stiga till ~200$ detta året. Om oljan stiger så stiger matpriserna eftersom att det blir dyrare att skicka/importera mat.
Om ni vill göra en bra investering satsa på guld silver och ett litet/stort mat föråd.
The following is one statement that you should get used to seeing: “The price of gold set another record today.” Today, spot gold reached a new all-time record of $1461.91 an ounce before settling back a little bit. Silver is also skyrocketing. At one point today silver hit $39.75 an ounce. It seems inevitable that at some point we are going to be talking about $50 silver. The price of oil is also continuing to relentlessly march upwards. At last check U.S. oil was at about $108 a barrel. All of this is great news for those that are investing in gold, silver and oil, but all of this is also really bad news for the U.S. economy. Why? Well, because when these commodities go up in price it is a sign that the U.S. dollar is dying and that our country is getting closer to economic collapse.
Traditionally, there has been an inverse correlation between the price of gold and the value of the U.S. dollar. Usually when the U.S. dollar goes down, the price of gold goes up.
One of the main reasons why gold has been so strong over the past year is because the U.S. dollar has been rapidly losing value.
So why is the U.S. dollar declining?
Most economists point to all of the quantitative easing that the Federal Reserve has been doing.
So exactly what is quantitative easing?
Well, it is basically like playing Monopoly with someone that reaches under the table and pulls out a bunch of extra money when they are almost broke.
The Federal Reserve has been creating huge amounts of money out of thin air and has been pumping it into the financial system. It is essentially cheating, and it is highly inflationary. The rest of the world has not been amused.
But quantitative easing is not the only issue.
The truth is that whenever the U.S. government goes into more debt, more money is created. The U.S. has been running trillion dollar deficits for several years now, and this has created a lot of new money.
This is another reason why it is so important to get the U.S. government debt situation under control. The Obama administration is projecting that the budget deficit for this fiscal year will be about 1.6 trillion dollars. This is highly inflationary and it will continue to destroy the value of the dollar.
In addition, the rest of the world is beginning to have serious doubts about the sustainability of U.S. government debt. They are starting to lose faith in the U.S. dollar and in U.S. Treasuries.
In fact, investors are losing faith in paper currencies all over the globe. The euro is on the verge of a massive crisis. On Tuesday, Moody’s downgraded Portuguese government debt for the second time in a month. Portugal needs a bailout, but they are far from alone. A half dozen European nations are experiencing a financial meltdown and the European debt crisis could spiral out of control at any moment.
Because of all of this financial instability, investors have been seeking some place safe to put their money.
For many investors, precious metals and commodities have been the answer.
In fact, silver has been doing even better than gold lately. On Wednesday, silver set a new 31-year high for the third day in a row.
People are even starting to talk about the possibility of $50 silver. Most analysts would have considered such talk complete nonsense a year ago.
But now nobody is laughing.
The price of oil is also soaring. Some of that is due to inflation, but not all of it. The truth is that when it comes to oil there are other factors at play.
Unfortunately, a high price for oil is far more damaging to the U.S. economy than a high price for gold is.
The U.S. economy has been designed to use massive amounts of cheap oil to transport massive quantities of goods over vast distances. When the price of oil goes to $100 or $150 a barrel, it fundamentally changes the dynamics of our economic system.
Nobody has ever been able to prove that the U.S. economy can successfully handle a price for oil over $100 for an extended period of time.
Do you remember what happened back in 2008? The price of oil hit a record high in June and then the entire financial system came unglued just a few months later.
The price of oil affects the price of almost everything else. Almost all forms of economic activity use energy. Almost all goods have to be transported a significant distance.
When the price of oil goes too high, some types of economic activity simply become unprofitable. If the price of oil stays this high from now on, there are many businesses across America that will be forced to close.
A high price for oil is also going to hit U.S. consumers really hard. According to AAA, the average price of a gallon of gasoline in the United States is now $3.70.
Many are convinced that the average price of gasoline is going to shatter the all-time record of $4.11 that was set back in July 2008.
So how much did a gallon of gas cost a year ago?
One year ago the average price of a gallon of gasoline was just $2.83.
Over the past 12 months the average price of gasoline has gone up about 30%.
So has your paycheck gone up by 30% over that time?
The truth is that wages have been very stagnant in the United States for a long, long time.
That means that U.S. household budgets are being increasingly stretched. People have to fill up their cars so that they can get to work or to school. Americans can cut back on pleasure driving to save money, but most of the driving that all of us do is to get to places that we have to be.
So if gas costs more that means that consumers are going to have less to spend other places. Consumer spending accounts for approximately 70 percent of the U.S. economy, so any slowdown in U.S. consumer spending would be extremely significant.
Already a substantial percentage of the American people are feeling quite stressed about gas prices.
According to a recent Associated Press-GfK poll, approximately two-thirds of the American people believe that rising gasoline prices will cause significant hardship for their families over the next six months.
We are heading for some really difficult economic times. As I wrote about recently, this economy has millions of Americans feeling depressed, but that is not the appropriate response.
Rather, once we understand how bad our economic problems are we should feel empowered because then we can start focusing on real solutions.
And somebody really needs to start focusing on solutions because panic is starting to abound. Many top corporate insiders are selling off stock like there is no tomorrow. The biggest bond fund in the world, PIMCO, has been getting rid of all of their U.S. Treasuries. When Wall Street big shots start freaking out you know that the hour is late.
It certainly doesn’t help that the Middle East is in a state of chaos and that the Japanese economy is falling apart as a result of the recent disasters.
In these uncertain times investors are seeking something safe. They are turning to real “global currencies” such as gold, silver and oil. Paper currencies are rapidly losing favor and rampant inflation is on the horizon.
Fredagen den 25/3 startar vår Crash JP Morgan kampanj. Två av våra populäraste silverprodukter kommer erbjudas till mycket förmånliga villkor.
Som registrerad kund kommer du få ett e-mail med mer detaljer under torsdagskvällen. Passa på att registrera dig för att ta del av erbjudandet om du ännu inte gjort det.
Crash JP Morgan
Max Keiser startade för några månader sedan en uppmärksammad kampanj som kallas för "Crash JP Morgan". Kampanjen syftar till att bringa uppmärksamhet kring JP Morgans gigantiska korta positioner på terminsmarknaden (pappersmarknaden) för silver. En kort position är ett löfte om att leverera silver på ett angivet datum om så begärs av terminsinnehavaren. JP Morgan har inte täckning för denna position i form av fysiskt silver.
JP Morgans syfte med detta är sannolikt att pressa priset för silver och därmed upprätthålla värdet för pappersvalutorna och andra pappersinvesteringar. Ett stigande pris för silver (och guld) är en av de bästa indikatorerna på fallerande pappersvalutor.
Ju mera silver vi köper, desto svårare för JP Morgan att upprätthålla denna långvariga manipulation med pressade priser.
Liberty Dollars grundare Bernard von NotHaus fälldes häromdagen för falskmyntning och konspiration mot USA:s regering. Det von NotHaus gjort är att han startat ett företag som givit ut konstitutionella pengar. USA:s konstitution stipulerar nämligen att endast guld och silver kan vara pengar.
Kongressen har istället för att följa konstitutionen delegerat makten att skapa pengar till den privata centralbanken Federal Reserve. Federal Reserve använder denna tveksamma makt till att skapa pengar i en omfattning som aldrig tidigare skådats.
Men i vår värld går centralbankscheferna och bankirerna, som skapar pengar ur tomma intet och berikar sig själva, fria medan de som försöker skapa en värdebevarande sund valuta kallas för terrorister.
Falskmyntning
Att ädelmetall skulle vara falskmyntning måste vara inofficiellt rekord i begreppsförvridning. Brukar inte falskmyntning innebära ett försök att efterlikna en valuta med värde? I detta fall påstås alltså von NotHaus ha falskmyntat genom att med värdefull ädelmetall efterliknat värdelösa papperspengar.
Åklagaren kallar detta för "en unik form av inhemsk terrorism". Det är en besynnerlig och skrämmande tid vi lever i.
Om vi hade backat upp våran pension till 50% med guld och silver så hade vi aldrig läst denna nyhets artikeln. Guld och Silver är inflations säkert och ökar i värde när vi skapar mer pengar(ökar inflationen med bla ränta).
Varför 50% och inte 100% guld och silver?
Jo för att det finns saker som ökar i fiktionällt värde snabbare än guld och silver.
Det sägs att en bild säger mer än 1000 ord så vi provar det.
Här är mitt exempel på en silver/guld(vit) backad valuta till 50% resterande 50% är värdepapper(svart):
IMFvet inte om allt stämmer där men jag har sett många liknande artiklar i tidningar världen runt. vi talar om 30-40+.
Det är lite konstigt att staten säljer ut sina inkomster till privata företag som antagligen ligger utanför landet. Men detta är inget nytt, det är bla detta IMF gör mot third-world nations när dem inte kan betala tillbacka sin skuld till IMF. Se bara Argentina, för 100 år sedan så sa man: Rich as an Argentine.
Bailout
Redan nu borde man se frågetecken. Bailout är väll vad brottslingar får för att ta sig ur fängelset? Men vi kanske inte ska hänga upp sig på ord.
Vem betalar notan för Bailouten vi gav till Irland? Gav vi dem inte 600 miljoner euro?
Hur fan ska staten betala igen det till Svenska riksbanken och vi får inte glöma ränta på dessa 600 miljoner euro. räntan ligger säkert runt 1% men det drar snabbt iväg även på 1% med dessa gigantiska summor!
Men frukta inte. Det är vi skattebetalare som ska betala notan för detta. Vi höjer väll bara skatten eller skär ner på vård/vägar/vatten/energi. Nej jag vet! Vi säljer våra statliga företag så får vi in lite snabba cash för att skattebetalarna in ska bli allt för chockade när skatten ska höjas. Jag tror ni kan se vart det leder.
Nästa världs valuta kommer att bli SDR. Den kommer att vara exakt lika instabil som dagens valuta. Men den kommer att säljas som räddaren i nöden tack vare krisen.
Vill ni kunna ta del av SDR valutan så INVESTERA I SILVER OCH GULD IDAG!
Silver och Guld har fungerat som pengar i 5000 år och jag tror det klarar 2-3 år till!
Silver och guld har ökat i pris sedan 2000 om någon inte har sett det.
För er som inte vet så mycket om guld och silver så kan jag säga detta:
Guld och silver priser styrs av hur svag landets valut är, det styrs också av supply and demand. Så om Sverige hamnar i en hyperinflation situation vilket inte är allt för otroligt så kommer guld och silverpriserna explodera.
Men allt går upp i pris i en hyperinflaterad ekonomi så varför är det så viktigt med silver och guld?
Jo för om du investerar i guld och silver NU så får du behålla värdet i dina pengar du investerat. Sedan så pågår det MASSIV silver manipulation i världen. Men silver är inte bara en fin metall, det är också en industriell metall och just nu så finns det mindre silver än guld åvan jord. Det betyder att silverpriserna kommer att öka kraftigare än guld priserna pga av att det finns ett stort behov av silver i tex: mobiler, bilar och ja nästan alla elektroniska produkter du kan tänka dig.
Så vill man ha pengar till bensin när den kostar 60 kr litern så kan det vara en bra ide att investera i några silver mynt.
Man får inte göra reklam för olika företag på VK bloggen så jag säger bara till alla läsare att googla: Köp silver mynt.
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