by Ronan Manly, GoldCore Consultant Contents - Introduction - ‘Yes’ Campaign Launch - Paper Decays, Gold Holds Its Value - ‘No’ Campaign Launch - Alphabet Soup - Unsaleable Gold Like an Unusable Fire Extinguisher? - Swiss Electorate 5.2 Million - Double Majority Including Cantons - Referendas by the Dozen - Sometimes There are Shock Results
Microchips embedded in the arms of citizens to track their activities, the total destruction of the middle classes and a cashless economy where an authoritarian state can freeze the accounts of dissenting citizens excluding them from all economic activity….. These are all part of the cheery scenario painted by the highly respected author and IMF-insider with connections to the Pentagon, Jim Rickards in his most recent article for Agora Financial.
Demand for gold continues to be robust and has indeed increased significantly in recent weeks despite gold’s most recent paper driven gold weakness. Demand in China and India surged again and gold reserve diversification by the central bank of Russia hit a new record high in September as geopolitical tensions rose.
The first poll of how the Swiss people will vote in the “Save Our Swiss Gold” initiative on November 30th shows that the Swiss are leaning towards voting for the pro-gold initiative. Gold Initiative Poll Results - 20 Minuten
The European status quo and EU elites are becoming increasingly concerned by popular calls in Italy for Italy to leave the European Monetary Union and the euro "as soon as possible" and return to the lira. Sharelynx.com
by Ronan Manly, GoldCore Consultant Contents - Foreword - Introduction - Success of Swiss People’s Party (SVP) - Direct Democracy and Popular Initiatives - Petition Filing - Initiative Launch - Motivation for the Initiative - Gathering the People’s 100,000 Signatures - Gold Initiative Gets Over 107,000 Signatures - Selling The Swiss Family’s Gold
Today’s AM fix was USD 1,241.00, EUR 969.38 and GBP 775.87 per ounce. Yesterday’s AM fix was USD 1,223.50, EUR 967.58 and GBP 768.63 per ounce. Gold climbed $4.40 or 0.36% to $1,237.80 per ounce and silver slipped $0.03 or 0.17% to $17.43 per ounce yesterday. Gold s now nearly 5% above its recent lows and is again acting as a hedging instrument in investment portfolios after sharp falls in stock and many bond markets.
The lawsuits against banks that alleges they engaged in a secret scheme to manipulate the price of silver bullion is proceeding. Gold fixing in London at NM Rothschild and Sons began in September 1919
The referendum for the Swiss Gold Initiative is scheduled for November 30th and the propaganda war - between the Swiss National Bank (SNB) and the Swiss Parliament on one side and the Swiss People's Party (SVP) on the other - has begun and we expect it to escalate as the day draws nearer.
Regulators from the U.S. and the UK are in a “war room” today to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday according to Reuters.
This week has seen some market volatility (see VIX Chart) reminiscent of the functioning market from days of old. The markets are spooked, bad news is overtaking good news and bearish views are becoming vogue. We are seeing a titanic battle taking place between the various bull and bear camps and they are starting to unleash some serious firepower.
Gold, silver and stocks surged overnight and today after the Fed maintained their ultra dovish monetary policy stance. The risk to markets of an early hike in U.S. interest rates eased leading to a fall in the dollar after the release of minutes of the last Federal Reserve policy meeting. ‘Helicopter Janet’
Hardly a day goes by without a headline on the spread of the deadly Ebola virus in West Africa and now in Spain and in the U.S. With more than 3,500 deaths and about 8,000 reported cases, it is one of the most severe disease outbreaks in recent years.
With few exceptions, commodity prices have fallen sharply in recent months, to their lowest levels in over a year. Silver in U.S. Dollars, 5 Years (Thomson Reuters) Relative to stock market indices, broad commodity indices are now at their lowest levels since the late-1990s dot com boom.
Gold had a torrid September and suffered further losses last week of 2.2%. Gold in U.S. Dollars, 5 Years (Thomson Reuters)
The current U.S. bond market faces a "liquidity cliff" and looks like an asset "bubble" that could burst when interest rates start to rise, according to the senior U.S. securities regulator. This is something we have been warning of in recent months. The consequences of the bursting of the bond bubble would be rising interest rates, which would likely impact property and stock markets and benefit safe haven gold bullion.
The Perth Mint's sales of gold coins and bars hit their highest in nearly a year in September as a fall in U.S. dollar denominated gold led to some buyers to accumulate bullion on the dip and the risks of terrorism and war led to safe haven demand.
Alan Greenspan, former Chairman of the Fed, had an article entitled “Golden Rule - Why Beijing Is Buying” published in Foreign Policy, the journal of the influential Council on Foreign Relations in which he extols the virtues of gold as “universally acceptable.”
Singapore continues its push to be a global gold hub. The new exchange traded Singapore kilobar gold contract will launch in less than two weeks - on October 13. The new contract is a 1 kilogramme physically deliverable gold contract for the Asian and global wholesale gold market.
Gokhran, the Russian precious metals and gems repository, said it has been buying gold bullion in 2014 and will likely to start buying palladium bullion in 2015, Interfax news agency reported this morning, citing the head of Gokhran, Andrey Yurin. GOKHRAN, Russian State Precious Metals and Gems Repository