Gold Blog

Euro Gold Rises 2% In Minutes as ECB ‘Blackmails’ Greece

ECB ‘blackmails’ Greece – “Grexit”, bank runs, capital controls and bail-ins likely Shock announcement yesterday led to volatility in markets; turmoil in Greece Stocks, commodities including oil and Greek investments fall Euro gold surged from EUR 1,104 to EUR 1,126 per ounce or 2 per cent Greek government bonds will not be accepted as collateral […]


“Buy Gold” and Short ECB, Says Marc Faber

Faber: “Only one way to short central banks and that is to buy gold”. Marc Faber warned at the weekend that 2015 may be the year that investors will lose confidence in central banks and that investors will “suddenly realise what a scam that central banking is”. He is long gold and recently bought more […]


New Gold Fix In March as Western Banks Joined By Chinese Banks

Replacement for the near-century-old London gold fix will start in March London gold fix to Shanghai gold fix – still not transparent Stealth run on the London bullion market continuing? Oil surges 11%; deflation deepening Increasing signs of a slowdown of the U.S. economy is supporting gold The overhaul of the gold fixing benchmark formally […]


Greeks Turn to Gold on Bank Bail-in and Drachma Risks

The Greek stock market is down 36% year to date; the risk of global contagion in the event of a Greek exit is very real. Ordinarily such a crisis would require a massive coordinated effort from global stakeholders, perhaps directed by the IMF or some other pan-national financial body. But not in this case; the […]


Cyber War Poses Risks To Irish Banks – Savings and Deposits

Cyber Attacks Growing In Frequency – Entire Western Financial System Is Vulnerable The threat posed by cyber war to our increasingly complicated, technologically dependent and vulnerable financial institutions, markets, banks and indeed deposits becomes more clear by the day. British and US agents will carry out a mock cyber attack or ‘cyber war games’ on […]


Risk of New Euro Crisis After Syriza Victory In Greece

The crushing victory of the Greek opposition party Syriza in yesterday’s Greek elections has added to jitters in already jittery financial and foreign exchange markets. The euro tumbled and gold in euros surged to its highest level since April 2013, at €1,167.94/oz as markets opened in Asia. The euro has since stablised but remains near […]


No posts available