Articles related to Hong Kong
 
Chris Powell - GATA
Philippine dictator Marcos' gold bars: Fact or fiction?
* * * By Gerry Lirio ABS-CBN News, Quezon City, Philippines Thursday, September 21, 2017 http://news.abs-cbn.com/focus/09/21/17/marcos-gold-bars-fact-or-fiction MANILA -- By the late industrialist Enrique Zobel's recollections, former strongman Ferdinand Marcos left behind his widow, Imelda, and three children with a cache of gold bars that in 1989 was worth at least $35 billion. Zobel disclosed the value of Marcos' gold bars in a 14-page sworn statement issued before the Senate Blue Ribbon Comm
Friday, September 22, 2017
Hugo Salinas Price - Plata.com
  My Views Regarding Prospects for Gold
Documento sin título The Chinese have announced that they have perfected a scheme, to be launched formally in the market by the end of the year, by means of which exporters of oil to China will accept the Chinese currency, the Yuan, in payment for the oil; for this deal, the Chinese have added an incentive: the Yuan received by the oil exporters will be exchangeable for gold. This gold will be "sourced" i.e. "purchased" outside of China, for the oil exporters. Thus, the oil exporters' Yuan wi
Friday, September 22, 2017
Chris Powell - GATA
Gold researcher Jansen skeptical about supposed China oil contract backed by gold
In comments to The Daily Coin's Rory Hall this week, gold researcher Koos Jansen expresses great skepticism about the recent report by the Nikkei Asian Review -- https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-w... -- asserting that China is planning to do its oil business in yuan convertible into gold at the Shanghai and Hong Kong exchanges. Jansen doesn't see how oil contacts can be directly related to gold as China's gold market is currently structured, and he notes tha
Friday, September 15, 2017
Alasdair Macleod - Finance and Eco.
Outlook for the dollar price of gold
Now that gold has become overbought on Comex, the price is vulnerable to being trashed, yet again, by the too-big-to-fail banks. It is a familiar operation in gold futures markets, where speculators buying contracts protect themselves with stop-losses.All the TBTF banks need is a pause in the speculator’s buying and a little good news (bad for gold). Ideally, the active contract will be running into maturity, so the speculators are forced to put up or shut up: in other words, sell the contract,
Friday, September 15, 2017
Nathan Lewis - New World Economics
Real World Examples Of More Revenue With A 15 Corporate Tax Rate
(This item originally appeared at Forbes.com on September 14, 2017.) https://www.forbes.com/sites/nathanlewis/2017/09/14/real-world-examples-of-more-revenue-with-a-15-corporate-tax-rate/#3619e6cf4d15 One of the harder economic concepts to embrace is that tax revenues, as a percentage of GDP, are often lower when rates are higher, and higher when rates are lower. Huh? The reason is that high rates have a multitude of effects, among them: people do not engage in highly-taxed activities; and there
Friday, September 15, 2017
Bullion Vault
Gold Prices Drop 0.5 After Comex Net Long Doubles 10-Year Average But Irma + N.Korea Risks Recede
GOLD PRICES fell from last week's 12-month highs on Monday morning in London as the Dollar rebounded and global stocks hit new highs after Hurricane Irma was downgraded to a 'storm' and the weekend passed without North Korea testing any nuclear weapons to mark its national foundation day, writes Steffen Grosshauser at BullionVault. Spot gold bullion retreated to $1335 per ounce after reaching above $1356 on Friday, while the US Dollar Index clim
Monday, September 11, 2017
Nathan Lewis - New World Economics
A 15 Corporate Tax Would Have A Lot Of Upside Without Much Risk
(This item originally appeared at Forbes.com on September 7, 2017.) https://www.forbes.com/sites/nathanlewis/2017/09/07/a-15-corporate-tax-would-have-a-lot-of-upside-without-much-risk I recently argued that a country is far better off with a simple tax system and a low rate, like Hong Kong with its 16.5% corporate tax, than an obscenely complex system with a high rate, such as the U.S. with a 40% corporate tax (including the average of state taxes). Not only does the economy perform better, but
Sunday, September 10, 2017
Chris Powell - GATA
Becoming deliverable, Hong Kong gold futures contract succeeds
By Enoch Yiu South China Morning Post, Hong Kong Sunday, August 27, 2017 The Hong Kong stock exchange's successful launch last month of gold futures was a boon for the city's beleaguered brokers, offering the small and medium firms that are feeding off the crumbs of the bourse extra trading activity and fee income, at a time when equities transactions have slowed to a trickle. "The gold futures launched last month were a good beginning," said Alfred Yeung Ping-kwan, founder and chairman of Glory
Saturday, September 9, 2017
Phoenix Capital - Gains Pains & Capital
Meet The New Antibiotic-Resistant ‘Hypervirulent’ Superbug Discovered In China
Content originally published at iBankCoin.com To take your mind off nuclear war with North Korea and deadly hurricanes, let’s talk about other ways to cull the herd… Scientists at the Hong Kong Polytechnic University in Hangzhou, China have discovered a new strain of antibiotic-resistant pneumonia which spreads incredibly fast, after a 2016 outbreak in a hospital ICU led to the deaths of five patients ranging in age from 53 to 73. In findings published in The Lancet,researchers conclude that the
Thursday, September 7, 2017
Chris Powell - GATA
China sees new world order with its own oil benchmark backed by gold
By Damon Evans Nikkei Asian Review, Tokyo Friday, September 1, 2017 https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-w... DENPASAR, Indonesia -- China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry. The contract could become the most important Asia-based crude oil benchmark, given that China is the world's biggest oil importer. Crude oil is usually priced in re
Tuesday, September 5, 2017
Chris Powell - GATA
Mobius foresees cryptocurrency crackdown sparking a rush to gold
Mark Mobius is sensing danger in the explosive growth of cryptocurrencies. Governments will begin clamping down on digital currencies because of their use in illicit financing, with terrorist groups to drug dealers contributing to their rise, Mobius, executive chairman at Templeton Emerging Markets Group, said in an interview in Hong Kong on Monday. "Cryptocurrencies are beginning to get out of control and it's going to attract the attention of governments around the world," Mobius said. "You're
Tuesday, September 5, 2017
Bullion Vault
N.Korea Nuclear Test Sees Gold Price Hit 11-Month High vs. Weak Dollar, GLD + Comex Bets Jump
GOLD PRICES rose near 1-year highs against the Dollar and British Pound on Monday morning in London after jumping at the start of Asian trade amid reports that North Korea will follow its series of nuclear weapon tests with an intercontinental ballistic missile (ICBM) launch, writes Steffen Grosshauser at BullionVault. While world stock markets fell 0.5%, the spot gold price jumped by 1% to $1338 per ounce – the highest
Monday, September 4, 2017
Chris Powell - GATA
Dave Kranzler: China begins to reset the world's currency system
Dave Kranzler of Investment Research Dynamics today joins those who see an attack on the dollar brewing in China's offering its oil suppliers the opportunity to accept payment in yuan that can be exchanged for gold on the Shanghai and Hong Kong exchanges. But will such oil suppliers seeking to convert yuan to gold in China be permitted to take their gold out of the country? That does not seem to be allowed at present, and if it is not allowed, the touted conversion will be a polite fiction. Kran
Monday, September 4, 2017
Jan Skoyles - Goldcore
Precious Metals Outperform Markets In August – Gold +4, Silver +5
– All four precious metals outperform markets in August – Gold posts best month since January, up nearly 4% – Gold reaches highest price since US election, climbs due to uncertainty and safe haven demand – S&P 500 marginally higher; Euro Stoxx, Nikkei lower for month – Platinum is best performing metal climbing over 5% – Palladium climbs over 4% thanks to seven year supply squeeze – Fear, uncertainty and political sanctions are amongst biggest drivers for precious metals – Never been a better ti
Friday, September 1, 2017
Alasdair Macleod - Finance and Eco.
Gold – crossing the Rubicon
Gold is challenging the $1300 level for the third time this year. If it breaks upwards out of this consolidation phase convincingly, it could be an important event, signalling a dollar that will continue to weaken.The factors driving the dollar lower are several and disparate. The US economy is sluggish relative to the rest of the world, the rise of Asia from which America is excluded is unstoppable, geopolitics are shifting away from US global dominance, and the end is in sight for monopolistic
Sunday, August 27, 2017
Nathan Lewis - New World Economics
  Want To Double Corporate Tax Revenue? Cut The Rate To 15
(This item originally appeared at Forbes.com on August 24, 2017.) http://www.forbes.com/sites/nathanlewis/2017/08/24/want-to-double-c…t-the-rate-to-15/ The U.S. tax code is famously overcomplicated; it has been estimated at 75,000 pages long. The original 1913 U.S. income tax code was about 400 pages. It grew to about 8,200 pages by the end of World War II, and 26,300 pages in 1984. What is in these 75,000 pages? The answer is: nobody knows. Some people specialize in certain areas of the code th
Sunday, August 27, 2017
Phoenix Capital - Gains Pains & Capital
U.S. Treasury Secretary: I Assume Fort Knox Gold Is Still There
U.S. Treasury Secretary: I Assume Fort Knox Gold Is Still There US Treasury Secretary Steve Mnuchin visits Fort Knox Gold Later tweeted ‘Glad gold is safe!’ Only the third Treasury Secretary to visit the fortified vault, last visit was 1948 Last Congressional visit was 1974 Speculation over existence of gold in Fort Knox is rife Concerns over Federal Reserves lack of interest in carrying to an audit on gold Gold was last counted in 1953, nine years before Mnuchin was born Mnuchin may be looking
Tuesday, August 22, 2017
Mark O'Byrne - gold.ie
Mnuchin: I Assume Fort Knox Gold Is Still There
US Treasury Secretary Steve Mnuchin visits Fort Knox Gold Later tweeted ‘Glad gold is safe!’ Only the third Treasury Secretary to visit the fortified vault, last visit was 1948 Last Congressional visit was 1974 Speculation over existence of gold in Fort Knox is rife Concerns over Federal Reserves lack of interest in carrying to an audit on gold Gold was last counted in 1953, nine years before Mnuchin was born Mnuchin may be looking to prevent countries and states from worrying about and repatria
Tuesday, August 22, 2017
Jesse - Le Cafe Américain
Stocks and Precious Metals Charts -
"Many people think of our times as being the last before the end of the world. The evidence of horror all around us makes this seem possible. But isn't that an idea of only minor importance? Doesn't every human being, no matter which era he lives in, always have to reckon with being accountable to God at any moment? Can I know whether I'll be alive tomorrow morning? A bomb could destroy all of us tonight. And then my guilt would not be one bit less than if I perished together with the earth
Friday, August 11, 2017
James Turk - Goldmoney
Shakespeare on Finance
We are told by Shakespeare: “Neither a borrower nor a lender be.” Is it good advice?Like so many things in life, the answer is - it depends. Individuals are different, and what is right for one person may not be suitable for another. What’s more, everyone’s circumstances are different, which may require different decisions that result in a myriad of outcomes.Consider too what has happened to money in the four centuries that have passed since Shakespeare penned those immortal words. The Bard hims
Wednesday, August 9, 2017
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