Commodity Trade Mantra

Posts Tagged ‘Bundesbank’

Conspiracy Theory: A Greek Default Is Precisely What The ECB Wants

From an economic perspective, Greece shows “internal devaluation,” – which is a very polite way of saying plunging wages, labor costs, and generally benefits, including pensions. Goldman essentially says that it is in the ECB’s & Europe’s, best interest to have a Greek default – and with limited contagion at that – one which finally does impact the EUR lower.

IMF’s Gold Depositories- Nagpur & Shanghai: Indian & Chinese connections

The IMF holds the equivalent of US$27.5 million in gold with Reserve Bank of India in Bombay. IMF has received a letter from the Reserve Bank stating that it has recently opened an office at Nagpur, which is situated about 520 miles from Bombay in the interior of the country & contains a special vault for storing the Bank’s stock of gold.

ECB: 4 QE Scenarios & Why Waking From QE Dream May Be Worst Possible Outcome

Credit Suisse believes that these are four potential scenarios for ECB sovereign bond purchases (QE). It will be truly ironic if the one event that terminally crushes the Eurozone will be the implementation of the one ECB act that everyone, and certainly tenured economists and other quasi-pundits, have been hoping for since 2012.

Eurosystem Increasing Allocated Official Gold Reserves

The Eurosystem is surely up to something with its gold reserves. This can only be seen in advance of a reform of the international monetary system. The global economy and global finance is at the turning point in a way…So, China & Europe are embracing gold prior to the replacement of the US dollar as the world reserve currency.

The Real Reason Why Germany Halted Its Gold Repatriation From The NY Fed

Germany was pressured to keep its gold in the US after a “diplomatic” line of communication was opened, most likely the result of the Fed making it all too clear to the Bundesbank not only who runs the show, but what the assured failure to repatriate Germany’s gold would mean for “price stability.”

Do You Have Gold in Your Investment Portfolio?

Got Gold? Everyone with a portfolio should be able to answer “Yes” to this question. The proper amount is up to you and your financial adviser. To protect yourself against whatever the true situation might be, hold some gold of your own.

Russia Buys 900,000 Ounces Of Gold Worth $1.17 Billion In April

Russia may be planning to give the ruble some form of gold backing in order to protect the ruble from devaluations and protect Russia from an international monetary crisis. Global central banks demand is set to continue as macroeconomic, monetary and geopolitical uncertainty is unlikely to abate any time soon.

New York Federal Reserve Lying About Gold Storage

Although I’m not sure every gold lease requires a movement of physical gold, the statement from the NY Fed they grant to return the exact same bars deposited by the account holder upon withdrawal, is untenable. As we have clearly seen by the repatriation of some German gold from the NY Fed.

Ukraine’s Gold Reserves Secretly Flown Out by New York Federal Reserve?

A Russian Internet news site Iskra (“Spark”) based in Zaporozhye, eastern Ukraine, reported on March 7, that “Ukraine’s gold reserves had been hastily airlifted to the United States from Borispol Airport east of Kiev.” – Now that’s 33 tons of gold which is worth somewhere between $1.5 – $2 billion.

Gold Events in 2013: Foundation for Movements in 2014

The chronological events of 2013 persuaded investors in western capital markets that gold’s bull market had definitely been broken, and that gold would probably go lower or at best move sideways in 2014. The underlying reality is very different and 2014 should be an interesting year.

Bundesbank Changes Gold Repatriation Schedule

Bundesbank had made an earlier repatriation request in 2012, to ship home 150 tons from US in 3 years (ending 2015). Bundesbank has now withdrawn the original schedule to repatriate 150 tons of gold before 2015, but continues plan B, to repatriate 674 tons from NY & Paris by end-2020.

Gold And Silver Prices Poised To Rise Dramatically

Gold and silver production remain flat, but fiat currency production is rampant. It’s plain economic logic that, in an uncompromised market, the prices of gold and silver should be rising, also considering that all of the world’s physical gold and silver is being purchased & increasingly hoarded in Asia.

Dark Gold: Shedding Light On A Mysterious Market

Once an individual locks his or her safe, that gold effectively disappears from the market at large. Unlike bank deposits or stocks, there is no way to tally the total amount of gold held by individual investors. I like to call this concept “Dark Gold.”

The Fed's 100-Year War Against Gold And Economic Common Sense

The Fed’s Real Accomplishment: When measured against gold, the U.S. dollar has lost 96% of its purchasing power since the Fed’s inception in 1913 – The Fed has many reasons for being at war with gold is the only money that exists outside the control of politicians and bankers.

Central Banks Favour Gold As Diversification - LBMA

Central Banks have long been buyers of gold bullion and there was a marked increase in central bank bullion activity post the Lehman collapse – Central banks bought 534.6 tons of gold in 2012, the most since 1964, and continue to accumulate.

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