News Articles

John Paulson was quick to mention that his firm’s struggling gold fund is only a modest 2% of his eponymous hedge fund firm’s total assets Wednesday, but even with the metal having an awful year the billionaire money manager still made the case to be bullish . . . .

Paulson’s firm reiterated its commitment to investing in bullion and stocks of gold producers for protection against currency debasement as central banks pump money into the global economy . . . .

A global Clearing Member of the London Bullion Market Association (LBMA) – and a market leader in global precious metal services – announced the establishment of one of the largest custodial and vaulting services for gold at the Singapore Freeport.

The vault has the capacity to store up to $8.7 billion worth of gold bullion in a state-of-the-art facility on behalf of Deutsche Bank’s clients . . . .

If you hold precious metals in your portfolio, there is a good chance you fear hyperinflation and the crash of fiat currencies. It is likely that your holdings in gold are your lifeline – your hope to get you through these times while holding on to your wealth.

But have you ever given any thought to the possibility of having this lifeline confiscated by the authorities . . . .

In new legislation which was enacted May 23rd, the French government decreed that it is forbidden to send all forms of currency - coins and cash and all forms of precious metals – coins, bars and jewelry by mail.

It was not announced by the government and not covered in the media. There were no communications and nobody in the government justified or explained this decision ... euro coins and notes and gold bullion coins and bars attract no tax in France and therefore this is more likely to be an attempt to discourage the ownership of gold bullion and cash outside of the banking system and is a form of capital control . . . .

The world’s largest gold trading market is conducted in Great Britain under the auspices of the London Bullion Market Association (LBMA) ... there are more than 100 ounces of LBMA contracts extant for each ounce of gold in London vaults to cover those contracts ... in other words, the world’s largest gold trading market operates to some degree as a Ponzi scheme, where there isn’t enough metal to fulfill outstanding contracts . . . .

In the context of the current U.S. Dollar valuation bubble, silver’s eventual price rise seem inevitable. This paper currency bubble commenced with a desperate flight to quality, despite the fact that the U.S. Dollar had been an intrinsically worthless currency since it was taken off the gold standard by Nixon in the early 1970’s . . . .

Last Thursday the World Gold Council released the 2013 first quarter Gold demand data. The numbers shown below are extraordinarily bullish for the long term outlook for Gold . . . .

Portugal will not replicate a deal that allowed Cyprus to sell its gold reserves under its bailout, Bank of Portugal Governor Carlos Costa said on Tuesday, adding that its reserves were unchanged at 382.5 tonnes . . . .

Gold imports by China from Hong Kong more than doubled to an all-time high in March as buyers in the biggest consumer after India boosted purchases, underscoring increased bullion demand in the world’s second-largest economy . . . .