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London Real estate and Bitcoin

Real estate and Bitcoin: RE/MAX gets feet wet with block chain technology • IHB News™

Real estate and Bitcoin: RE/MAX gets feet wet with block chain technology • IHB News™

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Breaking – Bank of England Admits Large Portion of Austria’s GOLD IS GONE

A remarkable report on The Austrian State Gold from the Austrian Federal Court (ÖBRH) has apparently just revealed that as of 2009, 56% of Austria’s gold reserves “held” at the Bank of England DID NOT PHYSICALLY EXIST!!!
No wonder that Germany & The Netherlands among others began scrambling shortly thereafter to repatriate what was left of their own reserves at the BOE & The Fed!

Click here for more on the STUNNING report from the ÖBRH:

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HSBC MONEY LAUNDRY

HCBC MONEY LAUNDRY

12 Reasons Why Ritholtz and Many Experts Are Mistaken On Gold

12 Reasons Why Ritholtz and Many Experts Are Mistaken On Gold

 Being involved in the fairly niche business of an international gold brokerage for nearly 12 years now, we find ourselves continuously engaged in conversation with people who demonstrate an incredible lack of understanding of the function of gold and the importance of gold as a DIVERSIFICATION and as a SAFE HAVENasset.

Barry Ritholtz

This lack of understanding is not confined to the public but also prevalent with some financial experts. One example of this is one of the more vocal anti gold experts in recent months – leading Bloomberg columnist Barry Ritholtz.

This lack of understanding results in many investors being very exposed and at risk of financial losses due to their significant over exposure to paper assets and fiat digital currencies and complete lack of any allocation to gold whatsoever. (more…)

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Amazing Chart: Stock Exchange And Bank Fraud vs. Real Economy

Emma Thompson ‘won’t pay a penny of tax until those evil HSBC b******s go to prison’

The Police States of America – Elderly New Jersey Man Faces 10 Years in Jail for Possession of 18th Century Pistol

Screen Shot 2015-02-23 at 5.53.46 PM

You just can’t make this stuff up. You really can’t. Another day, another elderly American peasant pursued by a “justice” system in which real crooks receive taxpayer bailouts to pay themselves bonuses, while perfectly normal citizen behavior is criminalized.

The victim this time is a 72-year-old New Jersey man named Gordon Van Gilder, a retired school teacher, who faces 10 years in jail for possessing a unloaded antique 225-year-old flintlock pistol.

Read more here.

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Financial Wisdom Begins With This

Confucius gets credit for a saying that has been on men’s lips since the first lie was told: “The beginning of wisdom is to call things by their proper name.”

Fraud, malfeasance, systemic risk, and even fundamentalist Islamic terrorism have been all but scrubbed from Washington’s lexicon, courtesy of the Ministry of Truth.

Today’s Wall Street Journal published a short op-ed by Robert Rubin. His commentary is fine as far as it goes, but in what seems to be a bid for a post in the next Democratic administration, he omits his role in the financial crisis. In Decisions, I jog your memory.

Decisions: Live and Death on Wall StreetBook blurb: In New York, the Federal Reserve Bank hides damaging information about too-big-too-fail banks from the public eye. A prominent bank CEO seems on the verge of a nervous breakdown.

In Washington D.C., a former Wall Street regulator checks into a hotel using the name of a hedge fund manager for an illicit meeting with a prostitute. In a D.C. suburb, the CFO of a beleaguered mortgage giant chooses a drastic personal end to “relentless pressure”.

In a picturesque suburb of Zug, Switzerland, the CFO of a major insurance company decides to end his life. In London, a financier kills himself in a way he once said he never would.

Janet Tavakoli shines a bright light on the money-driven culture of Wall Street and Washington, and the life and death consequences of our decisions that put profit above all.

Release date: April 4, 2015. Approximately 14,000 words of text (not including front and back matter and references)

Is The Internet Of Money The Internet Of You: IOU?

You’ve heard of the IOT – the Internet Of Things.  How about the Internet of Money?  Who needs U.S. dollars or Bitcoin or Ripple or even gold for that matter, when the new money global standard ledger being offered up is YOU – monetized.

http://tradewithdave.com/?p=23542

 

Forget The $1 Trillion Platinum Coin–Here’s the $10 Trillion Stone Coin

The point I’m making with the $10 trillion stone coin is that if money is a social contrivance, then it should be distributed to those creating goods and services.

You’ve probably heard of the $1 trillion platinum coin proposal: the basic idea is the U.S. Mint issues a $1 trillion platinum coin, and returns the difference between the cost of minting the coin (trivial) and the face value attributed to the coin ($1 trillion) to the United States Treasury General Fund.

(more…)

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Gold Holdings of Eurozone Rise to 10,792 Tonnes – ECB’s “Reserve of Safety” Accumulated

Gold Holdings of Eurozone Rise to 10,792 Tonnes – ECB’s “Reserve of Safety” Accumulated

The Euro zone raised its gold holdings by 7.437 tonnes to 10,791.885 tonnes in January, International Monetary Fund data released overnight showed.

The rise in gold holdings was small in tonnage terms and in percentage terms  – especially when viewed in the light of the recently launched ECB’s EUR 1 trillion QE monetary experiment.

goldcore_bloomberg_chart2_24-02-15
Nevertheless, the rise in Euro-area gold holdings shows how the ECB continue to view gold as an important monetary asset. Mario Draghi said of gold in October 2013 that gold is a “reserve of safety” that “gives you a value-protection against fluctuations against the dollar.”

Draghi told an open forum at Harvard’s Kennedy School of Government, why central banks want gold and what value it offers. He said that there were “several reasons” to own gold including “risk diversification”.

The increase in reserves came at a time, January, of rising gold prices amidst the reemergence of the Greek debt crisis.

It may signal that the ECB and Eurozone are set to embark on a gold accumulation programme. More likely, it is simply a way to bolster confidence in the euro due to increasing doubts about the viability of the single currency.

goldcore_bloomberg_chart4_24-02-15

Russia sold a very small amount of gold in January for the first time since March. Russia lowered its reserves to 1,207.7 tons from 1,208.2 tons, ending nine months of consecutive purchases, the IMF data showed.

Russia, the world’s fifth-biggest gold holder, had been adding to its holdings for many years in order to bolster the rouble.

Before last month, Russia had bought at least 18 tons a month since September and more than tripled its holdings since 2005.

Turkey’s gold reserves fell marginally last month along with Mexico and Belarus, the data showed.

Kazakhstan increased gold reserves for the 28th straight month, while Ukraine added to holdings for the first time since August, the data showed. Kazakhstan boosted holdings to about 193.5 metric tons from 191.8 tons a month earlier as Ukraine’s rose to 23.9 tons from 23.6 metric tons.

Kazakhstan’s hoard rose 33 percent in the past year alone and more than doubled in the past three years.

Ukraine’s assets dropped in November to the lowest level since 2005 as its foreign currency reserves contracted and the hryvnia slumped amid the conflict and collapsing economy. There were also concerns that the newly installed government had acquired the gold and moved it offshore, out of Ukraine.

Central banks are some of the largest buyers of gold today – see table above. Central banks have been adding to their gold reserves for the past five years, a reversal from two decades of selling since the late 1980s. They were net buyers in 2014 and are set to be net buyers again 2015.

Governments bought 477.2 tons of gold bullion in 2014, the second-biggest increase in 50 years, and purchases will be at least 400 tons this year, the World Gold Council has estimated.

The smart money will continue to follow the lead of central banks internationally and gradually accumulate gold and dollar, euro or pound cost averaging into an allocated and segregated physical gold position.

Daily and Weekly Updates Here


MARKET UPDATE
Today’s AM fix was USD 1,195.50, EUR 1,057.97 and GBP 774.59 per ounce.
Yesterday’s AM fix was USD 1,193.50, EUR 1,055.17 and GBP 777.12 per ounce.

Gold rose 0.09% percent or $1.10 and closed at $1,202.10 an ounce on yesterday, while silver climbed 0.56% percent or $0.09 closing at $16.32 an ounce.

Gold in US Dollars - 5 Years (GoldCore)

Spot gold was down 0.4 percent at $1,196.80 an ounce in late morning in London, after prices were flat in Singapore. Silver was down 0.3 percent at $16.24 an ounce, platinum slipped by 0.2 percent to $1,158.55 and palladium fell 0.2 percent to $783.15.

Gold slipped below $1,200 an ounce today but recovered from its 7 week low hit yesterday as optimism is abound that the Greek bail-out deal will be finalized today.

The close above $1,200/oz yesterday was encouraging from a technical perspective.

Some speculated that Federal Reserve Chairperson Janet Yellen’s pending congressional testimony added some pressure on the yellow metal and strengthened the U.S. dollar.

Yellen will address the Senate Banking, Housing and Urban Affairs Committee at 10 a.m. on Tuesday (EST) and the House Financial Services Committee on Wednesday.

Market participants are looking for any further guidance on the timing of when the U.S. Fed may raise interest rates.

Yellen’s European counterpart ECB chief Mario Draghi is also set to make a speech today at 3 p.m. CET unveiling the new €20 banknote in Frankfurt.

The world’s second largest consumer of gold, China, is still celebrating its Lunar New Year holiday today and returns tomorrow which should be gold supportive.

Gold had its biggest monthly advance in three years in January prior to giving up those gains in recent weeks.

Gold climbed 8.4 percent in January in London as policy makers in Europe and Asia signaled more stimulus to battle slowing economic growth and investors speculated that Greece may be forced to quit the euro.

Bullion traded at $1,195.80 an ounce on today. With gold being some 37 percent below the nominal record high set in 2011, contrarian investors continue to accumulate on weakness.

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TROIKA STOCKHOLM SYNDROME

TROIKA STOCKHOLM SYNDROME

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