Record Chinese Physical Gold Imports in December, 2012
Published Feb 6, 2013 on Goldbroker
The correction in gold prices in December doesn’t seem to have scared China, since it imported a record amount of physical gold in that month.
China acted on this correction and acquired 114.4 more tons of gold in December, a record amount representing more than Greece’s central bank’s total gold holdings.
China has imported a colossal 834.5 tons of gold in 2012, almost doubling its 2011 imports of 431 tons.
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Bankrun ? 43 tons delivery request for physical gold on the COMEX for February
Published Feb 2, 2013 on Goldbroker
It seems that the gold repatriation request from Germany gave ideas to many investors, countries and sovereign or investment funds. Case in point, if we analyse the delivery requests on the COMEX for the month of February, we see that they are reaching the astronomical amount of 43,26 tons of physical gold, or 1,391,000 ounces of gold to deliver.
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Philippe Herlin : Banking risks are far from over !
Published Feb 7, 2013 on Goldbroker
Ain’t this bizarre... many large international banks, like Crédit Agricole, Commerzbank and UBS are announcing important losses for the last quarter of 2012. Monte dei Paschi, one of the largest Italian banks, is just about to default, and SNS Reaal, from Holland, has been nationalised precipitously. And we thought the crisis was over... truly amazing !
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Turkey refuses to halt gold flow to Iran
Published Feb 7, 2013 on Gata
Turkey will not be swayed by U.S. sanctions pressure to halt gold exports to Iran but Tehran's demand for the metal may fall this year.
U.S. officials are concerned that Turkey's gold sales, which allow Iran to export natural gas, provides a financial lifeline to Tehran, which is largely frozen out of the global banking system by Western sanctions imposed over its nuclear programme.
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Why Buy Silver? | SilverSeek.com
Published Feb 4, 2013 on Silverseek
The price of silver in US dollars since the year 2001 has been strongly correlated with the ever-increasing official national debt of the United States. I doubt that anyone believes the national debt will decrease or even remain constant over the next four years. We can be reasonably certain that the HIGHLY VOLATILE price of silver will increase substantially over the next few years.
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This Is Why Gold Will Vault To New All-Time Highs In 2013
Published Feb 1, 2013 on Kingworldnews
In an environment of sluggish economic growth and high debt levels, monetary policy will remain highly accommodative. The assets of the central banks will likely start to expand after a quiet period and the gold price will probably take notice of this and begin a fresh upward move. The bottom line is we expect new highs in the gold price, and with gold equity valuations and sentiment at such depressed levels, the move by gold stocks to the upside could be very substantial.
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With no one selling, European central banks seen letting gold sales limits expire
Published Feb 2, 2013 on Gata
European central banks are unlikely to renew an agreement to limit gold sales when their current pact expires next year, a leading gold market consultant said, after selling evaporated over the agreement's previous term
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Exit From Massive Silver Base Projects Staggering 1,020% Move
Published Feb 7, 2013 on Kingworldnews
The following chart was put together by Kevin Wides out of Switzerland. Once again, this is a way for all readers to take an important step back and look at the big picture in key markets such as gold and silver. Note that the minimum projected move for silver would cause convulsions for mainstream media pundits who have incorrectly been predicting the end of the metals bull run.
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Why Gold is not in a Bubble : Interview of Egon von Greyerz by Fabrice Drouin Ristori
Published Jan 10, 2013 on Goldbroker
Fabrice Drouin Ristori, founder and CEO of Goldbroker.com interview Egon von Greyerz, founder of Matterhorn Asset Management (Goldswitzerland.com) and board member of Goldbroker.com. In this interview recorded in Zurich, Egon von Greyerz explains why it's important to own gold outside the banking system and why gold is not in a bubble.
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