Tag - Politics
Tuesday, January 21 2020
By GCRU Gold News on Tuesday, January 21 2020, 00:03
A customer requests around eight kilograms of gold from the major Swiss bank, but the bank refuses to hand it over. She insists on a tax statement.
Tuesday, January 14 2020
By GCRU Gold News on Tuesday, January 14 2020, 21:24
The true colours of the Germany government in its war on gold and war on citizen privacy are now obvious for all to see. Precious metals dealers in Germany will now have to keep details of all transactions above €2,000 for a statutory retention period of 5 years, and dealers must grant access to these records should supervisory authorities request them. Like all statists, with the data now being recorded, the authorities will in future have a temptation to ask for it.
Wednesday, December 21 2016
By GCRU Gold News on Wednesday, December 21 2016, 02:38
Tuesday, March 15 2016
By GCRU Gold News on Tuesday, March 15 2016, 04:03
For instance, you might be a domestic terrorist in the eyes of the FBI (and its network of snitches) if you:
fear an economic collapse
buy gold and barter items
Wednesday, December 2 2015
By GCRU Gold News on Wednesday, December 2 2015, 03:24
“You can do a lot better than a gold standard,” said Michael Bordo, an economist and director of the Center for Monetary and Financial History at Rutgers University. He described the political interest in the precious metal as “pretty crazy.”
The gold standard was invented to constrain government spending. Nations that agreed to exchange money for gold thought twice before printing more money. And lately, Republicans have found themselves yearning for such restraint.
Saturday, November 14 2015
By GCRU Gold News on Saturday, November 14 2015, 04:21
The gold standard is a topic that, for reasons that Ip notes, is likely to recur during the presidential primaries and general election. It is a complicated one and one which it really is valuable to get the nuances right. And it fully deserves return to the mainstream.
Thursday, November 12 2015
By GCRU Gold News on Thursday, November 12 2015, 01:52
His third element is sound money, which, he said at Boulder, would “ideally” mean a dollar tied to gold. That would make it harder to fund a socialist government, reduce the need for vast financial hedging, and focus investment in productive directions.
Sunday, September 13 2015
By GCRU Gold News on Sunday, September 13 2015, 22:51
I’ve gradually accumulated about a dozen one-ounce silver rounds in my briefcase, some souvenirs issued by mining companies, plus others from Canada, Australia, China, and the US. But when I left Chile a couple of months ago, the person monitoring the X-ray machine stopped me and insisted I take them out and show them to her. This had never happened before, but I wrote it off to chance. Then, when I was leaving Argentina a few weeks later, the same thing happened. What was really unusual was that the inspector looked at them, took them back to his supervisor, and then asked if I had any gold coins. I didn’t, he smiled, and I went on.
What really got my attention was a few weeks later when I was leaving Mauritania, one of the world’s more backward countries. Here, I was also questioned about the silver coins. A supervisor was again called over and asked me whether I had any gold coins. Clearly, something was up.
Monday, August 17 2015
By GCRU Gold News on Monday, August 17 2015, 11:46
"The COMEX gold futures market in New York and the Over-the-Counter (OTC) trades cleared through the London Bullion Market Association do set prices which are followed most widely in the world. They are also markets dominated by a handful of huge players, the six London Bullion Market Association gold clearing banks — the corrupt JP MorganChase bank; the scandal-ridden UBS bank of Zurich; The Bank of Nova Scotia — ScotiaMocatta, the world's oldest bullion bank which began as banker to the British East India Company, the group that ran the China Opium Wars; the scandal-ridden Deutsche Bank; the scandal-ridden Barclays Bank of London; HSBC of London, the house bank of the Mexican drug cartels; and the scandal and fraud-ridden Societe Generale of Paris," Engdahl narrated.
By GCRU Gold News on Monday, August 17 2015, 01:43
“Sadly we all know what’s happening to the dollar. The dollar is going down and it’s not a pretty picture, and it’s not being sustained by proper policy and proper thinking. This was an opportunity and maybe an opportunity to show people what’s happening with the dollar so we can do something about it.”
Wednesday, July 29 2015
By GCRU Gold News on Wednesday, July 29 2015, 09:53
This was then
Deutsche Bank AG Tuesday raised its outlook for gold and silver prices in 2013 and 2014, citing support from stimulus measures by central banks such as the U.S. Federal Reserve.
The bank raised its 2013 gold forecast by 3% to $2,113 a troy ounce and its 2014 outlook by 11.1% to $2,000/oz. Next year, the price of gold could exceed $2,200/oz, it said.
Similarly, Deutsche Bank increased its 2013 outlook on silver by 3% to $44/oz and its 2014 forecast by 11.1% to $40/oz.
A major support for precious metal prices are the recent moves by central banks to expand their balance sheet, said the bank. Since gold is often sought as a hedge against currency weakness and inflation at times of loose monetary policy, such moves tend to boost its appeal to investors.
"We believe central bank action to stimulate growth, avoid deflation and reduce systemic risk is unambiguously bullish for the precious metals sector and specifically gold," said Michael Lewis, a research analyst at Deutsche Bank.
"While we have targeted gold prices moving above $2,000/oz since the beginning of 2011, we believe the Fed's open-ended program of QE announced last month increases our confidence that a surge in the gold price above this level is only a matter of time," he added.
Deutsche Bank lifts 2013, 2014 gold-price outlook
By GCRU Gold News on Wednesday, July 29 2015, 00:45
One of the most commonly held beliefs among gold investors is that the market for gold is heavily manipulated.
Monday, May 4 2015
By GCRU Gold News on Monday, May 4 2015, 23:30
Russia is probably not going to issue a gold-backed currency. It's not going to overtake the U.S. economically in any way. However, the Russians can set a good example of smarter economic policies moving forward for some of the other big players such as China and Japan. That includes exchanging U.S. government debt for gold.
Thursday, March 26 2015
By GCRU Gold News on Thursday, March 26 2015, 01:37
French paper Le Parisien didn’t mince words in the headline: “La chasse au cash est lancee”. Basically ‘hunting season on cash is launched’.
Under the auspices of fighting terrorism, France’s Minister of Finance, Monsieur Michel Sapin, has rolled out a series of eight new restrictions aimed specifically at minimizing the use of cash.
Among the new restrictions is a prohibition of making more than 1,000 euros in cash payments (down from 3,000 before).
Monday, October 20 2014
By GCRU Gold News on Monday, October 20 2014, 01:00
Barely months after gold import rules were eased, the government is looking to re-impose curbs as the country's insatiable appetite has led to a surge in the yellow metal coming into India, threatening to undermine the improvement in external balances.
The trade deficit worsened to an 18-month high of $14 billion in September following a 450% rise in gold imports as importers rushed to take advantage of lower prices. "Gold imports have risen since the norms were relaxed.
Thursday, July 31 2014
By GCRU Gold News on Thursday, July 31 2014, 12:33
Nouriel Roubini, Kyle Bass, Hugo Salinas Price, Charles Nenner, James Dines, Jim Rogers, David Stockman, Marc Faber, Jim Rickards, Paul Craig Roberts, Martin Armstrong, Larry Edelson, Gerald Celente and Others Warn of Wider War
Wednesday, June 4 2014
By GCRU Gold News on Wednesday, June 4 2014, 22:59
GoldCore’s Head Of Research, Mark O’Byrne was interviewed on Rick Wile’s Trunews radio programme on Monday night. Topics discussed in the 30 minute interview were
- China and Russia’s gold hoarding
- Ireland and Europe’s perspective on the dollar
- Denial and complacency amongst the public
- Deflation and inflation risk
- Do not trust government ‘headline inflation’
- Ecuador’s pawning their gold to Goldman Sachs
- The importance of owning physical gold internationally
- The likelihood of deposit bail-ins in G20 countries
- Cyprus bail-in did not hurt Russians - rather Cypriot working and middle classes
- You have to be prepared. Better to be a year early than a day late
- And how this all factors into the coming restructuring of the global financial system
Tuesday, May 27 2014
By GCRU Gold News on Tuesday, May 27 2014, 07:41
Russia and China need to ensure their gold and currency reserves are secure, Russia's President Vladimir Putin told foreign journalists at the St Petersburg International Economic Forum.
"For us (Russia and China) it is important to deposit those (gold and currency reserves) in a rational and secure way," he said. "And we together need to think of how to do that keeping in mind the uneasy situation in the global economy."
Saturday, May 10 2014
By GCRU Gold News on Saturday, May 10 2014, 22:24
Russian President Vladimir Putin plans to open the door to Chinese money as U.S. and European sanctions over Ukraine threaten to tip the economy into recession, according to two senior government officials.
The Chinese won’t be welcome in all areas: Russia plans to set “red lines” around significant gold, platinum-group metals, diamond mining and high-technology projects, the officials said.