News Articles

At first blush Texas might not seem to share much in common with Germany. But in addition to being the largest states in their respective unions, Texas, like Germany, now wants to take physical possession of its physical gold reserves stored outside the state.

A few years back the Texas university system made headlines by making huge investments in gold, not shares in gold-backed ETF’s or mining companies, but actual gold, a billion dollars worth of it, in fact, which is now currently stored in New York . . . .

Concerned about the out-of-control Federal Reserve System and the increasingly unstable fiat dollar managed by the privately owned central bank, lawmakers in Arizona are following in Utah’s footsteps to come up with a potential alternative that protects citizens . . . .

In letters received by customers of the large Dutch bank ABN Amro over this past weekend, the bank announced a customer service policy change taking effect on Monday, April 1.

Currently, the bank has stored physical gold, silver, platinum, and palladium for their customers. Beginning next week, the bank will no longer allow customers to take physical delivery of the precious metals that they own and are stored at the bank . . . .

We all know the cliché: ‘Don’t mess with Texas.’ Well, a new piece of legislation is being proposed to send that message to Washington, when it comes to protecting Texas’ gold.

A lawmaker has proposed a bill to create a Texas Bullion Depository ...  If passed, the Texas bill would tell Washington to “shove off” under the 10^th amendment power given the states . . . .

Gold use in India, the world’s biggest buyer, may climb for the first time in three years as rising incomes and inflation boost investment demand, undermining efforts to narrow a record current-account deficit . . . .

Arizona lawmakers say the global economy is on the precipice of financial ruin and the U.S. dollar could soon be worth less than the paper used to make it.

These doomsayers are pushing forward legislation that would declare privately minted gold and silver coins legal tender, no different under state law than the U.S. dollar printed by the federal Department of Treasury . . . .

Today the World Gold Council released a study on the Diversification Strategies being used by Central Banks to move from holding U.S. Dollars and Euros, into Gold.

I believe this is well worth reading at
http://www.mintstategold.com/Central_Bank_Diversification_Strategies-WGC_032013.pdf

Chinese must buy gold to hedge their increasing dollar exposure explains gold guru Jim Sinclair - 

"There is no doubt in my mind that the price of gold is going to and through $3,500 with unimaginable volatility. All that anti-gold forces can accomplish is to add outrageous volatility to the gold market which will continue and increase in price spread for both the ups and downs . . . ."

China’s foreign currency reserves, which have surged more than 700 percent since 2004, are enough to buy every central bank’s official gold supply -- twice . . . .

Gold prices may have fallen in the short-term, but this bull market is far from over

Only a week ago, the price of gold plunged below $1600 due to the US Federal Reserve’s Federal Open Market Committee minutes from its latest meeting at the end of January. Although prices began to slip ahead of the release of  the minutes, the selling accelerated after the minutes hinted that the Fed could possibly end its QE3 debt-monetization campaign sooner rather than later . . . .