Interview with James Rickards, Mario Draghi on Gold Reserves, China Is Making A Move Against the Dollar, COMEX Gold Warehouses, Physical Gold Squeeze Returns

Published by Goldbroker ™ | Oct 18, 2013 | Press Review

Interview of James Rickards About Central Bank Manipulation of Gold and Silver Markets
Published Oct 14, 2013 on Goldbroker

The question all gold investors have in mind is “When will the manipulation end ?”. In the interview below, James Rickards, author of the bestseller “Currency Wars : The making of the next global crisis” give some very interesting answers you won’t read in the mainstream media. It is high level information from an an expert who anticipated long ago what’s happening today.

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Gold Price Forecast in a New Gold Standard According to James Rickards
Published Oct 18, 2013 on Goldbroker

The formula used by Nick Laird came from James Rickards ( Read our interview with James Rickards). It's based on the rule they had in place in the early 1900's where the monetary base was backed by 40% gold.

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ECB Head Mario Draghi: ''Central Bank Gold is a Reserve of Safety''
Published Oct 18, 2013 on Goldbroker

Central bank gold is a reserve of safety, providing "fairly good protection against fluctuations of the dollar and risk diversification," according to Mario Draghi, former Governor of the Bank of Italy and President of the European Central Bank (ECB).

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The Risks Associated with Storing Gold within the Banking System
Published Oct 11, 2013 on Goldbroker

Risk of bankruptcy, risk of confiscation, inter-connectedness of the banking system, rehypothecation, price manipulation... Those are real risks that one has to take into consideration before deciding where to store one's physical gold.

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The Dollar Is Very Susceptible to Losing its Reserve Currency Position
Published Oct 15, 2013 on Goldbroker

The dollar is very susceptible to losing its vaunted reserve currency position by the first major trading country that stops inflating its currency. There is evidence that China understands what is at stake; it has increased its gold holdings and has instituted controls to prevent gold from leaving China. Should the world’s second largest economy and one of the world’s greatest trading nations tie its currency to gold, demand for the yuan would increase and demand for the dollar would decrease.

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Debt Ceiling: China Calls for World to Be 'De-Americanised'
Published Oct 13, 2013 on Ibtimes

China's official news agency has called for the creation of a "de-Americanised world", saying the destinies of people should not be left in the hands of a hypocritical nation with a dysfunctional government.

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9 Signs That China Is Making A Move Against The U.S. Dollar
Published Oct 17, 2013 on Theeconomiccollapseblog

The Chinese understand what is going on, and when the dust settles they plan to be the last ones standing. In the aftermath of a U.S. collapse, China anticipates having the largest economy on the planet, more gold than anyone else, and a respected international currency that the rest of the globe will be able to use to conduct international trade

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IMF Condoning the Plundering of Bank Accounts
Published Oct 16, 2013 on Goldbroker

The spoliation of bank accounts in Cyprus this last March to save their banks was but a general rehearsal. We’ve also learned that there is a european proposal on the table to have depositors of over 100,000 euros contribute should there be a bank bailout in a Eurozone country. And now, the IMF is contemplating a 10% tax on all deposits (for every household, not only those over 100,000 euros) in order to diminish the sovereign debt.

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Creeping Capital Controls At JPMorgan Chase?
Published Oct 16, 2013 on Zerohedge

A letter sent to a ZH reader yesterday by JPMorgan Chase, specifically its Business Banking division, reveals something disturbing. For whatever reason, JPM has decided that after November 17, 2013, it will halt the use of international wire transfers (saying it would "cancel any international wire transfers, including recurring ones"), but more importantly, limits the cash activity in associated business accounts to only $50,000 per statement cycle.

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SocGen: "Physical Gold Squeeze Returns"
Published Oct 18, 2013 on Zerohedge

We already highlighted the return of gold lease rates to subzero yesterday, during the dramatic spike in gold following Gartman's latest sell recommendation. Now, it is time for the banks to also begin admitting that, as SocGen has just pointed out, the gold "physical squeeze returns.

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Ted Butler: JP Morgan's Perfect Silver Manipulation Cannot Last Forever
Published Oct 17, 2013 on Goldsilverworlds

This article brings clarity in the precise mechanics of JP Morgan’s silver price manipulation. It goes to the heart of the manipulative tricks. The author is obviously Ted Butler, with four decades of experience in the precious metals markets, specialized in the paper (futures) market. The mechanics described in this article have been explained in such a way rarely before. It makes it a must read for precious metals enthusiasts, but also for professional and individual investors because the ongoing manipulation must come to an end resulting in much higher prices.

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Jesse's Café Américain: COMEX Gold Warehouses Continue to Bleed Out As 'Owners Per Ounce' Climbs Back Over 53
Published Oct 16, 2013 on Blogspot

A total of almost 4,000 ounces left the greatly diminished deliverable category, bringing it down to 717,666 ounces.The ownership per ounce for each of those deliverable ounces is back up to 53. Over 50,000 ounces left the Comex complex overall, taking the total amount of gold bullion there to 6,859,476 ounces.

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