Chavez wants his gold back from US and England

Hugo Chavez wants to repatriate all of Venezuela's gold reserves deposited abroad, mainly in London and New York Vaults . Hugo Chavez Demands 99 Tons of Venezuelan Gold Returned From the Bank of England/ JP Morgue he also have decided to nationalize the exploration and exploitation of gold and related activities inside Venezuela . He calls it a measure of national sovereignty by ordering the central bank to repatriate $11 billion of gold reserves held in developed nations' institutions such as the Bank of England as prices for the metal rise to a record high . Venezuela, which holds 211 tons of its 365 tons of gold reserves in U.S., European, Canadian and Swiss banks, will progressively return the bars to its central bank's vault, Chavez said yesterday. JPMorgan Chase & Co. (JPM), Barclays Plc (BARC), and Standard Chartered Plc (STAN) also hold Venezuelan gold, he said. Chavez, whose government depends on oil for 95 percent of its export revenue, is looking to diversify Venezuela's cash reserves from U.S. and European banks to include investments in emerging markets including Brazil, China, India, Russia and South Africa, central bank President Nelson Merentes said yesterday. The world's 15th-largest holder of gold is bringing back its gold after a 28 percent rally in the price this year. This is the same what France did in 1969, Charles de Gaulle, sent a naval battleship to reclaim their gold due to a trade imbalance deficit, 300 million or something? The "exorbitant privilege?" There is a cool video up about this. England tried to do it right away also but was told no. France was unhappy about Bretton-Woods. They got it back! Uprated. Geitner and the Bernanke are going to do the Old "Check is in the Mail" story. Yeah we got your gold, we are just arranging a barge to bring you your gold....... Two weeks late ring ring, Hey Hugo, this is Tim Geitner at US Treasury, bad news on the gold you ordered, what I know you didn't order it you mean the gold you own well the barge it was on, someboy was playing with the controls at the HAARP facility and it get sunk by a water spout, but we are getting it for you, don't worry.:) "what happens if the physical gold is not there?", i.e. it's rumored that a lot of gold held by the international banks has been in play for so-called "Leasing". This move by Venezuela might uncover that the physical Gold just isn't anywhere to be found even though the au is still carried as inventory by numerous bullion banks, etc. The US gold reserve hasn't been audited for a long, long time (better than 20 years). Is there gold at Fort Knox or are there just IOU's from a wide range of counter-parties? An organization called GATA has maintained for a long time that most of the physical gold has been "leased" and will never been seen again. It's an interesting issue to follow during these troubling times.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : The Bubble is not in Gold , The Bubble is in US Treasuries

Peter Schiff : " The Bubble is not in Gold , The Bubble is in US Treasuries , the number of people buying gold is tiny compared to the number of people who are buying treasuries , but the point is even though so few people are buying gold look at how much the prices are gone up imagine what will happen to the price of gold when all those fools who are rushing into the treasury market because they think it is the safe heaven what's will happen when they will realize that that's not a safe heaven and everybody starts trying to buy Gold , imagine what's going to happen then to the price of gold , because it is gone up the way it is when only a very small fraction of the investment community and of the general public is buying the overwhelming majority are just foolishly buying US treasuries following the blind over the edge of a cliff "

Nigel Farage : Gold could double from here

Nigel Farage has spent 20 years as a commodity broker and trader " I suspect we have not seen the worst yet , I think what happened in 2008 is we deferred the banking crisis it is now coming back to bite " Nigel Farage says " It is impossible to predict where gold will go but it is not impossible that Gold could double again from here , the western world finance are in the most horrifying mess , our banking industry has been allowed to go completely out of control"




Please go to http://www.kingworldnews.com/kingworldnews/King_World_News.html to listen to other interviews by Eric King.



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Gold Rises at a new all time high above $1828/oz

Hugo Chavez of Venezuela nationalizing Venezuela's Gold mines Phillip Streible : "there is insufficient response to the sovereign debt crisis in europe. makes sense for gold prices. he's repatriating. and the physical front and by him nationalizing all by gold mines in venezuela, you know, you have to think those gold mines, although Venezuela is not a key player, some of that gold makes it out on to the market. and those people are going to have to look for gold out there and try and, you know, recapture and harness down some of the that gold that they need. "


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

The World Gold Council Q2 gold demand trends report

Discussing the World Gold Council's Q2 gold demand trends report and a look at where gold may go from here, with Marcus Grubb, The World Gold Council "it is at a new high. we released a new report with a strong high. we saw a very strong performance from India and China, strong jewelry demand as well in the second quarter. we don't believe gold is in a bubble." "absolutely. you have seen strong bar demand and join demand up about 13%. largely that's been in india and china this time around. partly on the back of high inflation figures in both of those countries. also, i think -- demand for physical gold. to hold physical gold in the difficult economic times in western countries. in particular in Europe and united states."

Buy Silver | Protect Your Wealth

Don't Buy silver until you watch this video. Buying silver or silver bullion is way to protect against effects of inflation and debasement of the dollar. Silver and precious metals.

What is Junk Silver - How to Buy Junk Silver

In Gold We Trust - Coins, Bullion & Scrap Gold Calculator and prices of Junk Silver CoinsInformation about Junk Silver, what is junk silver and what is the best way to buy junk silver coins such as old silver dollars, morgan silver dollars etc I re-evaluated my bars, rounds vs. junk silver & I own both. As you mentioned the quarter, dimes, half dollars are universally recognized currency. Its a bonus that they have a silver content which give it even more value. Although to someone who does not recognize a metal content it still has its face value, if you go to a shop with a 100/oz bar its just a hunk of metal to the average person. Its good to have more minted coins vs bars, rounds...etc

James Turk : Silver may outperform Gold in the coming weeks

James Turk, Aug 15: “I think this is going to be a good week for silver. A lot of hedge funds bought gold & sold silver last week; I think some of those spreads are going to unwind. Silver has been holding support here &getting ready to follow gold up. My expectation is that silver is going to outperform gold this week, which would be the first time that has happened in a few weeks." Peter Schiff on Aug 16th- "Relentless Rise in Gold will Continue, this is a one way trip for gold." ... “I think silver is a good buy. Silver has kind of been restrained a little bit, but now as gold is rising and silver is getting pretty cheap on a ratio basis, silver is a good buy here.” A respectable & plausible analysis .Silver gets manipulated downward(once again) to spark major Silver selloffs to get into gold. While the suckers will still do fine in gold with the dollar crashing, the real performer is about to be silver. Insiders are scooping it up at what will be seen in the future as bargain prices. Sounds crazy right? Remember this post .No doubt silver is going to explode in the end



MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Gold Gains on debt crisis and growth fears

Gold remains the ultimate safe heaven says Andrey Kryuchenkov, a commodities analyst at VTB Capital, Any Gold Sell off Would Be `Short-Lived' Central Banks became net buyers of gold , Gold will remain the most appealing short term asset , where else would anybody put his money when there are so many market uncertainties and the FED just announced that it will keep interest rates so low for another couple of years ....

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Bob Chapman : They want to have an excuse for QE3

Bob Chapman - Radio Liberty - 15 Aug 2011

Bob Chapman : They want to have an excuse for QE3 , that's part of why S&P alone lowered the rate of the US debt they want three things out of this , number one their unconstitutional super congress number two they want to chop off medicare and social security ...but also what they want to do is have an excuse for QE3 they also want to bring back corporate profits from overseas ...they want to bring this money in to help the economy ...

Dubai Investors seek refuge in Gold

Gold is now number export out of Dubai after Oil and they want to keep it that way they built a physical and financial market , there is a gold future Market in Dubai , the trend is of aggressive accumulation , unlike the other times when the gold prices climb investors used to take advantage by selling their jewelery , this time it is not happening , Gold sales are up a 100 percent to individual consumers , the rulers of Dubai want to become a gateway to the Indian market one of the largest Gold markets . they even created a Dubai gold coin to be legal tender ....


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Shortages developing in the Gold Market as demand soars

China and India remain key driers to the gold market , they totally now account for over fifty percent of both bar and coins investment and jewelery demand on a regular basis ....demand remains strong , in both these countries the saving rates are much higher than in western countries and gold is very easily available liquid asset unlike western countries , China used to make no net contribution to the Gold market they would consume their entire gold mine production and have no net effect , last year they imported 260 tons , this year they are going to import well over 300 tons may be as high as 400 tons i 2011 , s there was a huge shift on the demand side of this market , this is a market in deficit not in surplus , mine production is rising but it is not rising fast enough to keep pace with the growth of demand - Marcus Grubb, managing director of investment research at the World Gold Council

In some parts of the world gold is viewed as the protector of wealth. In North America, gold is viewed as a speculative investment. Our economists regard a rising gold price as an admission of defeat, and their disparaging attitude toward higher gold prices took on a more desperate tone in 2010. Nevertheless, gold had another remarkable year, up 25% in 2010, its tenth straight annual gain. Meanwhile, over the same 10-year period, five major currencies -- the US and Canadian dollars, the euro, the British pound and the yen -- have lost between 70% and 80% of their value. In reality, gold is not rising; currencies are falling in value, and gold can rise as far as currencies can fall. Nick discusses the three dominant medium-term trends that pushed up gold prices in 2010 (central bank buying; movement away from the US dollar; China) as well as three longer-term, irreversible trends that will put upward pressure on the gold price for years to come (the aging population; outsourcing; peak oil). In addition to these trends, more and more investors will be competing to buy a shrinking gold supply. As safe-haven demand accelerates, there will be a transition from the $200-trillion financial asset market to the $3-trillion above ground gold bullion market. About half of that $3 trillion is held by central banks as reserves; the remainder is privately held, and not for sale at any price. If the world's pension and hedge funds moved only 5% of their assets into gold, it would trade at over $5,000 per ounce. Nick's conclusion: Without any new financial crises, both mid- and long-term trends indicate that gold -- and silver -- will continue rising through 2011 and well beyond.

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Bob Chapman : Pegging The Swiss Franc To The Euro is suicidal

Bob Chapman - National Intel Report - Hour 2 - 16 Aug 2011

Bob Chapman : Te Swiss bonds have done extremely well all the people who have purchased then have made a lot of money , we were recommending that at 120 now it is 78 so that's a pretty big gain , The Swiss national bank is trying to keep the franc down but it can't do it