WEEK IN REVIEW: December 8-14

Published by Goldbroker ™ | Dec 12, 2014 | Press Review

Austrian Central Bank Considers Repatriating Its Gold
Published Dec 14, 2014 on Goldbroker

And just like that, the list of countries who want to repatriate their gold just increased by one more, because after Venezuela, Germany, the Netherlands, sorry Switzerland, and rumors of Belgium, we now can add Austria to those nations for whom the "6000 year old barbarous relic bubble" is more than just "tradition."

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7 Questions Gold Bears Must Answer
Published Dec 9, 2014 on Caseyresearch

A glance at any gold price chart reveals the severity of the bear mauling it has endured over the last three years. More alarming, even for die-hard gold investors, is that some of the fundamental drivers that would normally push gold higher, like a weak US dollar, have reversed.

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Billionaire Frank Giustra’s Massive Bet On Gold & Silver
Published Dec 9, 2014 on Kingworldnews

On the heels of a $25 surge in the price of gold and a nearly 5 percent rally in the price of silver, today King World News takes a look at what would lead one of the world’s richest men, billionaire Frank Giustra, to make a massive bet on significantly higher gold and silver prices in the future.

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What Do They Know? CME Implements Gold, Precious Metals Circuit Breakers Up To $400 Wide
Published Dec 11, 2014 on Zerohedge

With memorandum S-7258, titled "Implementation of New NYMEX/COMEX Rule Regarding Special Price Fluctuation Limits for Certain NYMEX and COMEX Metals Futures and Options Contracts " released moments ago by the CME Group, and set to become effective on December 21, 2014, and which seeks a 5 minute trading halt when "price movements in lead-month primary futures contracts result in triggering events"...

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Is Russia Selling Gold to Support the Ruble ?
Published Dec 12, 2014 on Marketupdate

According to Yahoo Finance, Russia is selling it’s gold reserves to dampen the decline of the ruble. In this article, we read that Russia’s total reserves declined by $4.3 billion in just one week, which is being explained as evidence that Russia is selling some of it’s gold. The source of the Yahoo Finance article is a Russian website that suggests gold has been sold by the central bank of Russia, but the numbers they give simply don’t add up…

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Top 10 Countries with the Largest Gold Reserves
Published Dec 9, 2014 on Profitconfidential

In 2014, central banks started to ramp up their buying again. During the second quarter, central banks purchased 188 tonnes in gold, a 28% increase year-over-year. During the third quarter, gold purchases increased 9.1% year-over-year to 92.8 tonnes; that represented the 15th consecutive quarter in which central banks purchased more gold than they sold.

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The Golden Age
Published Dec 6, 2014 on Nytimes

YOU would have thought by now - 43 years after President Richard M. Nixon scrapped the gold standard - that gold's role as an economic instrument was over. After all, the mighty metal that once held sway over the global monetary system was supposed to have, by this point, finally been reduced to just another asset peddled on the Internet. But in fact in recent weeks, gold has experienced a renaissance of sorts, quietly re-emerging as the centerpiece of a handful of initiatives in Europe, Asia and the Middle East.

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Chinese and Indian Gold Demand Boost Fundamentals Further
Published Dec 10, 2014 on Mineweb

Apologies for returning to Chinese and Indian gold demand again - but we do feel these two nations are so important for the future of the gold price given the huge amounts of gold they continue to absorb.

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Silver Eagle Sales Surpass 2013 Record At Nearly 43 Million
Published Dec 9, 2014 on Srsroccoreport

After the U.S. Mint updated its bullion figures on Monday, 2014 Silver Eagle sales reached a new annual record surpassing last years total by nearly 200,000. Not only was 2014 a banner year for world's most sought after official coin, the Silver-Gold Eagle ratio also hit a new record high.

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Mike Maloney: The Coming Wealth Transfer
Published Dec 6, 2014 on Peakprosperity

History may not repeat but it sure does rhyme. Mike Maloney has studied monetary and financial breakdowns throughout history and concludes that there's nothing new or different happening this time, except its global and far more massive than any other time in history.

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Italian Debt Soon to Be a Rotten Asset... Everything's Fine!
Published Dec 10, 2014 on Goldbroker by Philippe Herlin

This news should have made the front page but it was hardly mentioned at all: Italy’s public debt is just a notch away from the speculative category! Standard & Poors lowered it to BBB -, the lowest “investment” rating. One notch lower would literally make it a “non-investment”, a speculative product, or a toxic asset... akin to a junk bond. We’re talking about the eurozone’s most important public debt (2,168 billion euros), third in the world volume wise (behind the U.S. and Japan) and third in percentage of GDP (133%, behind Japan with 243% and Greece with 174%).

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