Exactly one month ago we observed that, as expected in the aftermath of the Netherlands' shocking and still not fully-explained gold repatriation from the NY Fed, the amount of foreign earmarked gold on deposit with the Fed had just experienced a 42 ton withdrawal: the single largest outflow of gold held at the NY Fed in over a decade, going back all the way to 2001. This had brought the total[...]
Tag: gold manipulation
U.S. Gold Exports Jump 70% In September – US Determined to Impoverish Itself with Paper Money
According to the USGS most recent data, total U.S. gold exports increased significantly in September. Not only did U.S. gold exports surge in September, they were 70% higher than the previous month. From the SRSRocco Report: This was probably due to increased demand as the price of gold declined $80 during the month. U.S. exports started off very strong in January, reaching 80 mt (metric[...]
Paul Craig Roberts Stunning 2015 Predictions – At Any Time The West Can Collapse
Today King World News spoke with the man who former President Ronald Reagan called upon to help save the United States when the U.S. was in the midst of the 1980 panic. Dr. Paul Craig Roberts gives a portion of his fascinating predictions for 2015 below and also issued the ominous warning that the West could collapse at any time. Eric King: “Dr. Roberts, what are your predictions for 2015?[...]
Just What Is China Buying?
Something strange is going on in China. On one hand, as the chart below shows, China's trade surplus is growing and growing, and just hit record highs. In other words, China is - on paper - receiving record amounts of foreign currencies in exchange for its (mostly) goods exports. That much is clear in the Chinese (record) trade balance chart below: Yet on the other hand, a chart from Deutsche [...]
IMF Now Ready To Slam The Door On The U.S. And The Dollar
Editor's Note: Owning physical precious metals and safeguarding them in a non-bank depository is best defense. By Brandon Smith As I write this, the news is saturated with stories of a hostage situation possibly involving Islamic militants in Sydney, Australia. Like many, I am concerned about the shockwave such an event will create through our sociopolitical structures. However, while most of[...]
Top Asian Hedge Fund Manager Predicts Banner Year For Gold In 2015
Stocks surged while oil and gold gave up early gains after the decision by the Fed to drop the "Considerable time" pledge on interest rates. King World News reached out to one of the top hedge fund managers in Asia to get his take on what has transpired and what to expect in 2015. Eric King: "Bill, what should people expect to see as we head into the end of this year and what about[...]
17 Reasons Why I Trust Silver – GE Christenson
War and Inflation – 3 reasons: · From Ernest Hemingway: “The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.” This was true before WWII and is just as true now. · There are reports of a train load of American tanks passing[...]
Meet Your Newest Legislator: Citigroup
By Pam Martens: December 16, 2014 Citigroup is the Wall Street mega bank that forced the repeal of the Glass-Steagall Act in 1999; blew itself up as a result of the repeal in 2008; was propped back up with the largest taxpayer bailout in the history of the world even though it was insolvent and didn’t qualify for a bailout; has now written its own legislation to de-regulate itself; got the[...]
Yes, It’s Possible for a Gold-Backed Renminbi to Dethrone the Dollar
by Tim Price on December 15, 2014 [Sovereign Man Editor’s note: This letter was written by Tim Price, London-based wealth manager and editor of Price Value International.] “[W]e want to use our reserves more constructively by investing in development projects around the world rather than just reflexively buying US Treasuries. In any case, we usually lose money on Treasuries, so we need to[...]
Maguire – Banks Panicking As London Gold Hub Implodes
From King World News Today London metals trader Andrew Maguire told King World News that bullion banks are now panicking because the London gold hub is finally imploding. Maguire also warned the bullion banks are not the only one who are panicking. Below is what Maguire had to say in Part I of a powerful series of interviews that will be released. Maguire: “The paper markets are nothing more[...]