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Malaysia Bullion Trade News

GUEST POST: A Flock of Black Swans in June?

May 22, 2015
By Bill Holter

Very soon we will be entering the month of June. Normally June is the time of year in the northern hemisphere when people think of picnics, parks, water sports and the outdoors. It is a time where plans are made for vacation, rest and relaxation. This year may be a little bit different. I say “different” because there is a plethora of converging events, any single one of them with the ability to take the financial markets down to their knees!
Let’s first list the events (which may not even be all inclusive because I either forgot something or am unaware of). What I see converging in June is as follows; the Austrian mortgage banks and banking sector, Greece, Ukraine, India, Russian sanctions, a Russian/Chinese announcement, the “very secret” TPP, and let’s not forget the second largest gold expiration on COMEX.
Since we know so little about the TPP (Trans Pacific Partnership), let’s start with this one. We know so little about it because it is being negotiated in secrecy. So “secret” in fact, anyone who gets to see what is written so far is threatened with jail time if they divulge anything about it.
Read More @Original Source

The US Dollar and the Precious Metals Complex

May 21, 2015
By Rambus

The first chart I would like to show you tonight is the long term monthly chart for the US Dollar I showed you a week or two ago. It was coming into contact with the top rail of a massive 30 year falling wedge at 93.50. I also drew in a neckline extension rail taken from the H&S top that formed back in 2000 which came in at 92. I put the little brown box to show you where I was hoping to find support. So far the top rail is doing its thing by reversing its role to what had been resistance to now support once it was broken to the upside. This is a critical test taking place right here which so far the US dollar bulls are winning.
Read More @Original Source

Gold monetisation scheme by the Government of India…

May 20, 2015
By Manish Thatte
Just today I have read in the newspapers that the RBI / GOI is considering to implement the gold monetisation scheme through the commercial banks in the country.
The salient features of the scheme will be:
1) Banks are allowed to accept deposits of as low as 30 grams of gold from the Indian public
2) The banks will be free to fix the interest rates on such deposits
3) The depositor will be free to withdraw his / her deposits after a minimum period of 1 year in the form of interest + principal payable in gold OR rupees (at the prevalent local gold rate)
4) Such income from gold deposits in banks will be free from income tax / capital gains tax
5) The banks will be able to use such gold deposits
a) To lend to jewellers
b) To deposit with the RBI in lieu of CRR / SLR limits
c) To sell it in the foreign exchange market to raise foreign currency if needed
Read More @Original Source

RED ALERT: Your Retirement Funds Are In Grave Danger

May 19, 2015

The Golden Years?
Folks in our time are slowly becoming more aware that governments are the last places on earth whose word you should take at face value. From broken healthcare promises, to flagrant privacy violations, to illegal confiscation of assets, there’s no line that governments won’t cross. Yet, oddly enough, with all the promises being broken left and right, most folks who are looking to retire in the not-too-distant-future aren’t taking the numerous threats to their retirement assets very seriously.
Particularly, in the last 5 years, the world has seen a disturbing trend of retirement asset seizures, and though the types of defaults or confiscations of retirement assets may vary, the cause of those pension thefts actually varies very little. Pension promises are some of the most serious ones that governments make, and the rate at which these promises are being broken, further demonstrates how far gone the world financial system actually is.
Read More @Original Source

Silver Buying Only Starting

May 17, 2015
Silver has enjoyed a fantastic week, awakening from its bottoming slumber to surge with gold. And this strong silver investment demand is likely only starting. American stock traders and futures speculators control two of the world’s largest pools of capital active in the silver market. And the former group still remains woefully underinvested in silver, while the latter still has massive short positions left to cover.
Submitted by Adam Hamilton, Zeal:
The global leader in fundamental silver analysis is the venerable Silver Institute, a think tank primarily funded by the world’s biggest and best silver miners. Every year, it publishes excellent comprehensive data on global silver supply and demand. Last year, total worldwide silver demand ran 1067m ounces. But investing in silver coins, bars, and ETFs only accounted for 197m, less than 1/5th of total demand.
Silver investment’s relatively small slice of that demand pie implies it isn’t important, but nothing could be farther from the truth. Silver’s two largest demand categories are industrial fabrication and jewelry, weighing in at about 4/7ths and just over 1/5th respectively. But these are very inelastic, they just don’t change much regardless of silver’s price. This is readily evident in the Institute’s past decade of data.
Read More @Original Source

China could crash US dollar with 30,000 tons of gold

May 17, 2015

China has the ability to crash the unstable US dollar with 30,000 tons of gold reserves, says Chinese economic observer Jin Zihou.
In a commentary posted online, Jin noted that former US Federal Reserve chair Alan Greenspan once said that the renminbi could become unexpectedly powerful in today’s financial system if Beijing would convert its US$4 trillion in foreign reserves into gold.
With the US dollar growing more unstable and China being America’s largest creditor, Beijing could potentially crash the US dollar with 30,000 tons of gold, Jin said.
Read More @Original Source

China Saves Up 30,000 Tons of Gold to Topple Us Dollar from Global Reign

May 16, 2015

China is waiting for the right moment to remove the US dollar from economic reign. Once the US dollar loses its leadership, China plans to make the yuan world’s first currency.
According to Duowei News, to ensure its domination, China is saving up gold. According to unconfirmed reports, China already has about 30,000 tons of the precious metal. If this is true, it means that China will be capable of brining the US dollar down in an instant. Also read: China becomes world’s largest producer of gold
Economic analyst Jing Zhou believes that in order to challenge such a powerful economy as that of the United States, one will need a very large amount of gold. In addition, the Chinese authorities expect that the Chinese national currency will be added on the list of IMF reserve currencies that already includes the dollar, the euro, the pound sterling and the Japanese yen.
Read More @Original Source


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