Showing posts with label gold holdings. Show all posts
Showing posts with label gold holdings. Show all posts

Saturday, December 20, 2014

Russia Busts "Gold-Selling" Rumors, Reports It Bought Another 600,000 Ounces Taking Gold Holdings To New Record High

As usual, the financial media reports another lie about gold, with complicity from Societe Generale, a French bullion bank who is incentivized to publish anti-gold and anti-Russian propaganda.

http://www.zerohedge.com/news/2014-12-19/russia-busts-gold-selling-rumors-reports-it-bought-another-600000-ounces-taking-gold

Wednesday, June 19, 2013

US Fed Gold Holdings vs. US Public Debt

Click on Image to Enlarge

Thursday, March 7, 2013

Korea Joins Russia, Kazakhstan in Boosting Gold Holdings

Yes, central banks are buying gold at a record pace.  And just because George Soros is selling his GLD ETF holdings (paper gold), doesn't mean he isn't accumulating the physical metal.  This is just another head fake by the media attempting to scare weak hands out of their physical gold holdings.  Oh, and Goldman Sachs is telling clients gold will decline.  That's a contrarian signal that it's time to buy.  After all, we all know how Goldman Sachs takes care of their clients above their own proprietary trading, right?

http://www.bloomberg.com/news/2013-03-05/bank-of-korea-boosts-gold-reserves-as-central-banks-buy.html

Wednesday, October 31, 2012

It Begins: Ecuador Demands Repatriation Of One Third Of Its Gold Holdings

See?  I told you so.  The demands for repatriation of sovereign gold reserves will accelerate going forward (don't you hate that Wall St. phrase "going forward"?).

http://www.zerohedge.com/news/2012-10-31/it-begins-ecuador-demands-repatriation-one-third-its-gold-holdings

Tuesday, July 10, 2012

China Imports More Gold From Hong Kong In Five Months Than All Of UK's Combined Gold Holdings

There are several reasons why US economic sanctions against Iran are backfiring.  The biggest being it is accelerating the demise of the USDollar as the global reserve currency, while at the same time, enriching its enemies' gold reserves.  And that list of enemies doesn't just consist of Iran--it also includes China and Russia.

http://www.zerohedge.com/news/china-imports-more-gold-hong-kong-five-months-all-uk-combined-gold-holdings