Weak US Jobs Report, Why Faith In Gold?, West's Debt Hits a 200-year High, Big COMEX Gold Withdrawals, The Case of the Missing Recovery

Published by Goldbroker ™ | Jan 10, 2014 | Press Review

West's Debt Hits a 200-year High and Will Require a Wave of Haircuts, Warns IMF Paper
Published Jan 6, 2014 on Goldbroker

Much of the Western world will require defaults, a savings tax and higher inflation to clear the way for recovery as debt levels reach a 200-year high, according to a new report by the International Monetary Fund.

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Gold jumps after weak US jobs report
Published Jan 10, 2014 on Cnbc

Gold rose around 1 percent on Friday after sharply weaker-than-expected U.S. jobs data supported the view that the U.S. Federal Reserve will take a gradual approach to tapering its bond-buying program this year.

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Why Faith In Gold? (One Simple Statistic)
Published Jan 6, 2014 on Zerohedge

Why do we continue to keep the faith with gold (and silver)? We can encapsulate the argument in one statistic. Last year, the US Federal Reserve enjoyed its 100th anniversary, having been founded in a blaze of secrecy in 1913. By 2007, the Fed’s balance sheet had grown to $800 billion.

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23 Reasons to Be Bullish on Gold
Published Jan 8, 2014 on Goldseek

It's important to balance the one-sided message typically heard in the mainstream media with other views. Here are some of those contrarian voices, all of which have put their money where their mouth is…

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Dr. Paul Craig Roberts: If the Currency Collapses & You Try to Flee Into Gold,There Won't Be Any
Published Jan 8, 2014 on YouTube

Former Assistant Treasury Secretary Dr. Paul Craig Roberts says, "The West is draining itself of physical bullion... If there is a currency collapses and you try to flee into gold, there won't be any there. The Chinese will have it."

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Proof Gold's Latest Slam Was Not A "Fat Goldfinger"
Published Jan 8, 2014 on Zerohedge

With December's "fat finger" in US Treasury Futures proved as nothing but an HFT algo gone wild , Nanex has turned its deep-thought to the recent halt in gold futures markets. Their conclusion, this was not the result of a fat finger, but rather the work of a high frequency trading algorithm that would pause, and (probably) test the market before continuing. A fat finger would not have had such distinguishing features.

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Big COMEX Gold Withdrawals & New Record Low Dealer Inventory
Published Jan 9, 2014 on Srsroccoreport

After a brief pause in the decline of Comex Gold inventories, it looks like it has continued once again as there were several big withdrawals over the past few days. Not only was there a large removal of gold from the Comex today, the Registered (Dealer) inventories are now at a new record low.

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Major Players To Corner The Gold Market In 2014
Published Jan 10, 2014 on Kingworldnews

A man who has lived in 18 countries around the world, and witnessed collapses in many of these countries firsthand, warned King World News that major entities are positioning themselves to corner the gold market in 2014. Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also spoke about worldwide demand for gold.

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Wishful thinking on gold - but for all the right reasons
Published Jan 9, 2014 on Mineweb

The pro-gold fraternity has been unwavering in its positive utterances on where the gold price is headed, while mainstream analysts disagree. But longer term China will likely hold the key.

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One Week Into 2014, UK Royal Mint Runs Out Of Gold Coins
Published Jan 8, 2014 on Zerohedge

Just 2 days after their release, The U.K.’s Royal Mint said it ran out of 2014 Sovereign gold coins “due to exceptional demand.”

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The Case of the Missing Recovery - Paul Craig Roberts
Published Jan 3, 2014 on Paulcraigroberts

Have you seen the economic recovery? I haven’t either. But it is bound to be around here somewhere, because the National Bureau of Economic Research spotted it in June 2009, four and one-half years ago.

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Virtual Wealth and Real Wealth
Published Jan 9, 2014 on Goldbroker

The rich are getting richer. According to the last Bloomberg list, the fortune of the 300 wealthiest people in the world increased by $524 billion in 2013, reaching a total of $3.7 trillion. Quantitative easing causes an artificial wealth effect for the wealthiest, while the middle-class earnings are not improving

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