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Ron Paul: Will the Swiss vote to get their gold back?

Sun, 09/14/2014 - 18:07

5p ET Sunday, September 14, 2014

Dear Friend of GATA and Gold:

Former U.S. Rep. Ron Paul writes today that he hopes that the people of Switzerland vote to repatriate their gold when they hold a referendum on the issue on November 30.

Paul argues that approval of the proposal at referendum will repudiate the financial elites behind unlimited government. He writes:

"The Swiss people appreciate the work their forefathers put into building up large gold reserves, a respected currency, and a strong, independent banking system. They do not want to see centuries of struggle squandered by a central bank. The results of the November referendum may be a bellwether, indicating just how strong popular movements can be in establishing central bank accountability and returning gold to a monetary role."

Paul's commentary is headlined "Will the Swiss Vote to Get Their Gold Back?" and it's posted at the Internet site of the Ron Paul Institute for Peace and Prosperity here:

http://ronpaulinstitute.org/archives/featured-articles/2014/september/14...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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http://www.gata.org/node/16

Koos Jansen: China again buys the dip in gold and silver gets scarcer

Sun, 09/14/2014 - 11:47

10:45a ET Sunday, September 14, 2014

Dear Friend of GATA and Gold:

Declining gold prices again have pushed demand up on the Shanghai Gold Exchange as China buys the dips, while silver inventories on the Shanghai Futures Exchange continue to fall, gold researcher and GATA consultant Koos Jansen reports today. His analysis is posted at Bullion Star here:

https://www.bullionstar.com/article/chinese%20gold%20demand%2039%20week%...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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For more information, please visit Bullion Star here:

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Central banks inflating 'elevated' asset prices, BIS says

Sun, 09/14/2014 - 11:21

By Jamie McGeever
Reuters
Sunday, September 14, 2014

LONDON -- Financial asset prices are at "elevated" levels and market volatility remains "exceptionally subdued" thanks to ultra-loose monetary policies being implemented by central banks around the world, the Bank for International Settlements said today.

In its quarterly review, the BIS said financial market volatility spiked higher in August on the back of geopolitical concerns and worries over economic growth but quickly returned to "exceptional lows" across most asset classes.

"By fostering risk taking and the search for yield, accommodative monetary policies thus continued to contribute to an environment of elevated asset price valuations and exceptionally subdued volatility," the BIS said. ...

... For the remainder of the report:

http://www.reuters.com/article/2014/09/14/us-markets-bis-idUSKBN0H909C20...

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Casey Research 2014 Summit
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Friday-Sunday, September 19-21, 2014

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Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

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Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

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Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

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To contribute to GATA, please visit:

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Bullion banks use inside information to drive gold down on Comex, Roberts says

Sat, 09/13/2014 - 23:50

10:50p ET Saturday, September 13, 2014

Dear Friend of GATA and Gold:

The New York Commodities Exchange is run by investment banks that double as bullion banks, former Assistant U.S. Treasury Secretary Paul Craig Roberts tells King World News tonight, adding that the investment banks can see the gold futures positions taken by hedge funds and use their inside information to loot the hedge funds. An excerpt from the interview is posted at the KWN blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/14_Pa...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Jim Sinclair Plans Market Seminar in Nashville on September 20

Mining entrepreneur and gold advocate Jim Sinclair will hold his next market seminar on Saturday, September 20, in Nashville, Tennesse. For details about attending, please visit:

http://www.jsmineset.com/qa-session-tickets/


Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
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Friday-Sunday, September 19-21, 2014

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Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
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Wednesday-Saturday, October 22-25, 2014

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Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

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Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

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To contribute to GATA, please visit:

http://www.gata.org/node/16

Hugo Salinas Price: Fiat money and independence for Scotland

Fri, 09/12/2014 - 14:09

1:05p ET Friday, September 12, 2014

Dear Friend of GATA and Gold:

Fiat currency is a cause of national separatism, currency wars, and social division between rich and poor, Hugo Salinas Price of the Mexican Civic Association for Silver writes this week in commentary headlined "Fiat Money and Independence for Scotland," posted at the association's Internet site, Plata.com, here.

http://plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=248

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Silver mining stock report comes with 1-ounce silver round

Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal in 2014, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit:

http://fmturl.com/gata/


Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

http://www.caseyresearch.com/summit/2014-fall

Canadian Investor Conference
Sheraton Centre Toronto Hotel
Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Alasdair Macleod: Dollar 'strength' may be only deflationary collapse

Fri, 09/12/2014 - 12:38

11:33a ET Friday, September 12, 2014

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod writes today than the U.S. dollar's recent strength may be less an indication of economic recovery in the United States than of a deflationary collapse of the world economy:

http://www.goldmoney.com/research/analysis/currency-turbulence?gmrefcode...

And King World News has gold-related commentaries from Swiss gold fund manager Egon von Greyerz --

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/12_Th...

-- mining entrepreneur Keith Barron:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/11_Sw...

-- and fund manager Stephen Leeb:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/11_Pu...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

http://www.goldmoney.com/?gmrefcode=gata


Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

http://www.caseyresearch.com/summit/2014-fall

Canadian Investor Conference
Sheraton Centre Toronto Hotel
Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Gene Arensberg: Gold shorting could reverse violently

Fri, 09/12/2014 - 12:10

11:09a ET Friday, September 12, 2014

Dear Friend of GATA and Gold:

The Got Gold Report's Gene Arensberg writes today that there is a lot of opportunistic shorting going on in gold and when it reverses it may do so violently. His commentary is headlined "Speculator 'Insurance Shorts' and Swap Dealer Shorts Likely to Spark a Counter Rally in Gold" and it's posted at the GGR here:

http://www.gotgoldreport.com/2014/09/speculator-insurance-shorts-and-swa...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

ADVERTISEMENT

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BullionStar's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in BullionStar's bullion vault, which is integrated with BullionStar's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter.

For more information, please visit Bullion Star here:

https://www.bullionstar.com/

Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

http://www.caseyresearch.com/summit/2014-fall

Canadian Investor Conference
Sheraton Centre Toronto Hotel
Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Koos Jansen: India's gold imports for June were highest in 12 months

Fri, 09/12/2014 - 11:34

10:35a ET Friday, September 12, 2014

Dear Friend of GATA and Gold:

Gold researcher and GATA consultant Koos Jansen reports today that India's official gold imports for June were the highest in 12 months, which seems to contrast strangely with the Reuters report from a few hours ago that India may be falling out of love with gold:

http://www.reuters.com/article/2014/09/12/india-gold-idUSL3N0R52ZR201409...

Jansen's analysis is posted at Bullion Star here:

https://www.bullionstar.com/article/india%20gold%20import%20june%20highe...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

ADVERTISEMENT

Buy precious metals free of value-added tax throughout Europe

Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries.

Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world.

Visit us at www.europesilverbullion.com.

Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

http://www.caseyresearch.com/summit/2014-fall

Canadian Investor Conference
Sheraton Centre Toronto Hotel
Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

No risk in fixed deposits? Tell it to Cyprus!

Thu, 09/11/2014 - 22:57

India's Love Affair with Gold May Be Over as Prices Slide

By Rajendra Jadhav and Indulal PM
Reuters
Friday, September 12, 2014

VANGAL, India -- Kiran Laxman Salunkhe used to buy jewellery during religious festivals, but sliding gold prices have led the young Indian farmer to break with his family's traditional investment.

This year Salunkhe has deposited his hard-earned savings at the bank for the first time in a decade and bought farmland.

"I bought jewellery when gold price was 32,000 rupees (per 10 grams) last year. Now jewellers won't pay me more than 27,000 rupees if I want to sell. Why should I invest in gold?" said Salunkhe, who farms 15 acres of sugar cane in Vangal, a village 250 kilometers (160 miles) south of Mumbai.

"Nowadays it is risky to keep jewellery. Burglaries are rising," he said. "With a fixed deposit there is no risk." ...

... For the remainder of the report:

http://www.reuters.com/article/2014/09/12/india-gold-idUSL3N0R52ZR201409...

ADVERTISEMENT

Jim Sinclair Plans Market Seminar in Nashville on September 20

Mining entrepreneur and gold advocate Jim Sinclair will hold his next market seminar on Saturday, September 20, in Nashville, Tennesse. For details about attending, please visit:

http://www.jsmineset.com/qa-session-tickets/


Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

http://www.caseyresearch.com/summit/2014-fall

Canadian Investor Conference
Sheraton Centre Toronto Hotel
Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

U.S. to sanction Sberbank, tighten limits on other Russian banks, sources tell Reuters

Thu, 09/11/2014 - 18:17

By Arshad Mohammed
Reuters
Thursday, September 11, 2014

WASHINGTON -- The United States will take new steps on Friday to limit the access of major Russian banks, including Sberbank, to U.S. debt and equity markets to punish Russia for its intervention in Ukraine, sources familiar with the matter said.

The sanctions are timed to coincide with fresh European Union economic penalties, with both sets aimed at the Russian energy, financial and defense sectors. ...

... For the remainder of the report:

http://www.reuters.com/article/2014/09/11/us-ukraine-crisis-usa-sanction...

ADVERTISEMENT

Silver mining stock report comes with 1-ounce silver round

Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal in 2014, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit:

http://fmturl.com/gata/


Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

http://www.caseyresearch.com/summit/2014-fall

Canadian Investor Conference
Sheraton Centre Toronto Hotel
Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

The Bank of England has already issued a dozen certificates for this gold

Thu, 09/11/2014 - 17:58

Gold Engagement Ring from 17th Century Discovered in Field by Pensioner

By Sophie Jane Evans
Daily Mail, London
Wednesday, September 10, 2014

http://www.dailymail.co.uk/news/article-2750977/Gold-engagement-ring-17t...

A gold engagement ring from the 17th century has been unearthed by a pensioner with a metal detector -- more than 300 years after it was lost.

Tom Ross, 69, was sweeping his metal detector over a ploughed farmer's field near Newtownabbey in County Antrim, Northern Ireland, when he stumbled across the item.

The rare "posy" ring, which dates to the late 1600s and is 85 percent gold, bears the Old English inscription: "I noght on gift bot gifer," or "Look not on the gift but the giver."

... Dispatch continues below ...


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Also known as a "betrothal" ring, it pre-dates the custom of proposing with an engagement ring, but essentially served the same purpose.

Men and women exchanged the items from the 1500s onwards to symbolise their future commitment to each other.

Mr Ross, from Jordanstown, near Belfast, told a treasure trove inquest at Belfast Coroners' Court that he initially thought his find in September last year was a worthless trinket.

"I thought it was a bit of rubbish," the great-grandfather and retired oil distributor told coroner Suzanne Anderson.

He added: "In the last 60 years there have been funfairs on that field, motorbike racing, point-to-point racing. There has been a lot of activity there so I thought that's where it came from."

It was only after Mr Ross, who took up metal detecting four years ago as a hobby, showed the ring to a fellow treasure hunter in England that he realised it could be valuable.

He passed the item to museum experts in Northern Ireland, who were able to establish its true significance.

Elise Taylor, curator of applied art at National Museums Northern Ireland, told the court that the ring was originally coated in black and white glass, most of which had worn off in the centuries since.

She said it was tradition to have an inscription on the rings and explained that the name "Posy" related to the French word for poem -- "poesy."

The jewellery expert outlined to Ms Anderson one theory as to how the ring ended up the field in Ballywalter near Newtownabbey.

"There was evidence of a church and graveyard in the adjoining field, which could have been there at that period of time, so many people would have traversed over this field to get to them,' she said.

Explaining that the ring was very light, Ms Taylor speculated that the owner may not even have realised it had dropped from her finger.

"In the cold weather fingers shrink and rings can be lost," she said. "Quite possibly she would not have noticed the ring was lost until she got home."

Ms Anderson declared the ring to be officially treasure -- a ruling that means the item will now be handed over to the British Museum for valuation.

'Very many congratulations and well done for making such a lovely find Mr Ross,' she said.

However, Mr Ross will not be able to hang up his metal detector just yet.

In an amusing twist, after the inquest, the pensioner revealed that when Ms Taylor accompanied him back to the field this year to examine the site she lost her own earring.

"I am going to have to go back and have a look for it now," Mr Ross laughed.

* * *

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TF Metals Report: Watching the flows

Thu, 09/11/2014 - 11:26

10:25a ET Thursday, September 11, 2014

Dear Friend of GATA and Gold:

Driving the gold price down is taking greatly increasing effort by the bullion banks underwritten by central banks, the TF Metals Report's Turd Ferguson reports today, analyzing futures market positions. But the banks are making that effort, even if Ferguson's commentary suggests that they are nearing a short-covering point. His commentary is headlined "Watching the Flows" and it's posted at the TF Metals Report here:

http://www.tfmetalsreport.com/blog/6113/watching-flows

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Weak hands have been shaken out of gold, Butler and Skoyles contend

Wed, 09/10/2014 - 15:31

2:30p ET Wednesday, September 10, 2014

Dear Friend of GATA and Gold:

Fund manager and author John Butler and Jan Skoyles, CEO of The Real Asset Co., interviewed in London the other day by financial journalist Lars Schall, concurred that the weak hands have been shaken out of gold and that most gold investors are holding for the long term, expecting market fundamentals to prevail. The interview is six minutes long and is posted at Matterhorn Asset Management's Internet site, Gold Switzerland. If your own hands aren't shaking too much, you can watch the interview by clicking here:

https://goldswitzerland.com/butler-and-skoyles-weak-hands-in-gold-shaken...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world.

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Russia and China agree to settle more trade in their own currencies

Wed, 09/10/2014 - 15:12

By Chen Aizhu
Reuters
Tuesday, September 9, 2014

BEIJING -- Russia and China pledged on Tuesday to settle more bilateral trade in ruble and yuan and to enhance cooperation between banks, First Deputy Prime Minister Igor Shuvalov said, as Moscow seeks to cushion the effects of Western economic sanctions.

Shuvalov told reporters in Beijing that he had agreed on an economic cooperation pact with Chinese Vice Premier Zhang Gaoli that included boosting use of the ruble and yuan for trade transactions.

The pact also lets Russian banks set up accounts with Chinese banks, and makes provisions for Russian companies to seek loans from Chinese firms. ...

... For the remainder of the report:

http://www.reuters.com/article/2014/09/09/us-china-russia-idUSKBN0H40X02...

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Jim Sinclair Plans Market Seminar in Nashville on September 20

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Either market or Asia will revalue gold with an upward spike, Turk tells KWN

Wed, 09/10/2014 - 01:36

12:35a ET Wednesday, September 10, 2014

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk, interviewed by King World News, says that while gold has not kept up with the asset price inflation engineered by the Federal Reserve's debt monetization, it is likely to be revalued in a spike upward either by the liberation of market forces or by formation of a gold-backed currency bloc in Asia. An excerpt from Turk's interview is posted at the KWN blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/10_De...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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http://www.goldmoney.com/?gmrefcode=gata


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Increased money creation requires more gold price suppression, Embry says

Tue, 09/09/2014 - 18:29

5:30p ET Wednesday, September 10, 2014

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry tells King World News today that the West's agitation in Ukraine risks war and that increased money creation has increased the need of governments to suppress the gold price:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/9_Emb...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Free Storage with BullionStar in Singapore Until 2016

BullionStar is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

BullionStar's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in BullionStar's bullion vault, which is integrated with BullionStar's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter.

For more information, please visit Bullion Star here:

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Monday-Friday, December 1-5, 2014

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* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

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http://gata.org/node/wallstreetjournal

Help keep GATA going

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Koos Jansen: German gold repatriation accelerating

Tue, 09/09/2014 - 15:53

2:50p ET Tuesday, September 9, 2014

Dear Friend of GATA and Gold:

Bloomberg News would have the world believe that Germany's Bundesbank has stopped repatriating gold from the Federal Reserve Bank of New York, but gold researcher and GATA consultant Koos Jansen says today the repatriation is likely accelerating, though of course with such a slow start almost anything might qualify as acceleration. Jansen's commentary is headlined "German Gold Repatriation Accelerating" and it's posted at Bullion Star here:

https://www.bullionstar.com/article/german%20gold%20repatriation%20accel...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Buy precious metals free of value-added tax throughout Europe

Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries.

Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world.

Visit us at www.europesilverbullion.com.

Join GATA here:

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* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

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Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

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Brian Domitrovic: Transacting in gold can shaft the IRS

Tue, 09/09/2014 - 09:40

By Brian Domitrovic
Forbes, New York
Monday, September 8, 2014

http://www.forbes.com/sites/briandomitrovic/2014/09/08/transacting-in-go...

In 2011, the state of Utah passed a law banning taxes on the use of gold and silver coins as currency and permitting residents to remit state taxes in these coins. Big deal, you might say. That's already in the Constitution: "No state shall ... make anything but gold and silver coin a tender in payment of debts."

Oklahoma has done something similar, confirming that transactions taking place in gold and silver are free from state taxes on the exchange medium. Currently, in federal law, if you buy things with gold, for example, you have to declare as taxable the gain on any market appreciation of the gold you used to make the purchase.

... Dispatch continues below ...


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Jim Sinclair Plans Market Seminar in Nashville on September 20

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Actually, it's not real federal law. It's just a piece of "administrative law," that poor relation of real law, which an agency, the Internal Revenue Service, came up with outside of the Congressional and the judicial processes. If you look at real law, statutes signed by the president and Supreme Court decisions from over the centuries, it has been affirmed time and again that the feds must consider gold and silver coins and their own paper notes as dollars as denominated, one and the same.

What a delicious opportunity this presents when it comes to taxation. Let's say the members of a community somewhere here in the USA decide to do all their business in gold. The dollar price of everything would be much less. A $3 latte would go for about ten gold cents, in that the price of gold on the market (circa $1,267 per ounce) exceeds that of the official Treasury price ($42.22) by a factor of 30.

If this community is of decent size, any number of businesses and individuals could make close all their income via gold transactions. Somebody might clear, for example, $3000 in gold income in a year, or $90,000 if translated into paper dollars.

Because of the abundantly established legal precedent for treating gold and paper dollars the same, the maximum subject to taxation would be the $3,000, an amount easily eliminated by the standard deduction on the income tax.

The IRS says this sort of thing is "frivolous." But that's administrative law again, as in Philip Hamburger's wonderful new book, Is Administrative Law Unlawful, which of course it is. Freedom of Information Act requests inquiring of the paper-trail within the IRS about how this "frivolous" finding was made have yielded 8,000 pages of internal emails conceding there is no grounds, but let's do it anyway. A writ of certiorari calling on the Supreme Court to stop this nonsense is in the inbox of the august body.

This information comes care of the yearly monetary summit held last week, in Salt Lake City, of the United Precious Metals Association, a group whose board I am pleased to be joining. The UPMA has a smartphone app with which you can set up a gold account and buy things in gold from all sorts of vendors.

You see the peril in this sort of thing's spreading. If lots of vendors start taking gold and paying their taxes in Federal Reserve notes, their costs will become something like one-third less than those of their competitors—because these businesses would effectively be free of taxation. If you can transact in a dollar currency medium (gold) that is worth thirty times more than face value, and then pay your taxes in the paper stuff at face value, others will have no choice but to follow your example to stay viable.

Should this little experiment start to gain a bit in extent, it could have the effect of requiring business in this country to cut their taxation costs by arbitraging the gold-note dollar spread that the United States has allowed to emerge over the past century of serious inflation.

Again (and convention commands me to say that I am no tax lawyer), there is no hope in real law. Once you get out of the lame-o world of agency bureaucrats saying that this is the law, and into the statute books and the high court rulings, the Constitutional specifications that gold and silver coins have the same legal tender and denomination status as any U.S. money shine through every time. In the 19th century in particular, this question was litigated profusely, and the equivalence won.

First it was Bitcoin. Now the new kid on the monetary block is the Constitution. The poor U.S. put that gold and silver equivalence thing in there back in 1787. Since 1985, probably against its own narrow better judgment, the government has resumed issuing gold and silver dollar-denominated coins.

Brace yourself, IRS. You guys have been bluffing with "frivolousness," and that bluff is getting called. The Federal Reserve and the Treasury, of all people, are going to have to clean house to get the dollar sound again against metal. Otherwise (and does this ever sound musical), real federal receipts will start the process of dwindling toward nil.

-----

Brian Domitrovic teaches at Sam Houston State University in Huntsville, Texas.

* * *

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GOFO rate's demise another sign of 'financial repression' and gold suppression, Turk says

Mon, 09/08/2014 - 18:58

6p ET Monday, September 8, 2014

Dear Friend of GATA and Gold:

The imminent concealment of the gold forward offered interest rate (GOFO), following the concealment of the silver forward offered rate (SIFO), is another sign of "financial repression" and gold price suppression, GoldMoney founder and GATA consultant James Turk tells King World News today. The interview is excerpted at the KWN blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/8_Jam...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

http://www.goldmoney.com/?gmrefcode=gata


Join GATA here:

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Thursday-Friday, September 25-26, 2014

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Wednesday-Saturday, October 22-25, 2014

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London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

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http://gata.org/node/wallstreetjournal

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Goldcorp CEO sees 'peak gold' this year or next

Mon, 09/08/2014 - 12:31

By Alistair Macdonald
The Wall Street Journal
Monday, September 8, 2014

Miners have reached "peak gold," in which production of the precious metal has hit its high as easy-to-mine gold deposits become harder to find, said Chuck Jeannes, chief executive of Goldcorp, the world's largest gold miner by market capitalization.

Mr. Jeannes said in an interview that a falloff in supply will support the gold price but make mining it even harder and lead to further consolidation in the industry. ...

"Whether it is this year or next year, I don't think we will ever see the gold production reach these levels again," he said. "There are just not that many new mines being found and developed."

... For the remainder of the report:

http://online.wsj.com/articles/goldcorp-ceo-jeannes-sees-peak-gold-in-se...


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