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 | Mark O'Byrne - gold.ie |
| It’s A Wonderful Life Is A Wonderful Lesson To Hold Gold Outside of The Banking System |
| – Christmas film serves as reminder that savings are not guaranteed protection by banks
– Savers are today more exposed to banking risks than ever before
– Gold and silver investment reduce exposure to counterparty risks seen in financial system
– Basket of Christmas goods has climbed since 2016 thanks to 11% climb in gold price
Frank Capra’s 1946 film It’s A Wonderful Life is one that many families will be settling down to watch this Christmas weekend. A story that is ultimately about a suicidWednesday, December 27, 2017 |
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 | Jan Skoyles - GoldCore |
| Risk Of Online Accounts Seen As One of Largest Brokerages In World Stops Trading After “Glitch” |
| – ‘Technical issue’ at Fidelity blocks access to online accounts, stops online trading
– Fidelity is 3rd largest brokerage by client assets: $1.7 trillion at the end of 2016
– NatWest, RBS, Ulster Bank have experienced online banking “issues” in November
– Clients left without access to funds & failed payments & little to no recourse
– Social media exposing the banks’ and online trading platforms’ shortcomings
– Reminder that online accounts can be rendered non-viable and vulnerability of absolFriday, December 1, 2017 |
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| Mark O'Byrne - gold.ie |
| Gold Price To 2 Month High As Fiery Trump Declares World Order |
| Gold price to 2 month high as fiery Trump declares New American Order
– ‘Trumponomics’: Politics and economic policy in 140 characters
– The ‘intelligence’ according to Trump
– Trump, Putin and Russia – the great bromance
– Trump – Bull in a China shop
– Trade and currency wars with China and other nations
– Trump – Fan of gold and golden tweets
– Conclusion – Trump may be the ‘Golden Ticket’
by Jan Skoyles, Editor Mark O’Byrne
On Friday Donald J Trump became the 45th President of the United StMonday, January 23, 2017 |
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 | Chris Powell - GATA |
| Seven banks fined in Swiss probes of rate-rigging cartels |
| Switzerland handed out about $100 million in antitrust fines against seven U.S. and European banks for participating in cartels to manipulate widely used financial benchmarks.
JPMorgan Chase & Co. was fined 33.9 million francs ($33 million) for operating a cartel with Royal Bank of Scotland Group for more than a year, with the aim of influencing the Swiss franc Libor benchmark, which is tied to the London interbank offered rate, Switzerland's competition commission said in a statement Wednesday.Wednesday, December 21, 2016 |
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| Graham Summer - Gains Pains & Capital |
| Dear Gold Bugs, Grow Up: The 1970's are Back |
| The Inflationary Path Forward
by Soren K- When inflation really kicks in: Real estate will not save you, stocks will not save you, Bonds will kill you. Only monetizable dollar denominated assets will save you. Stocks will have already discounted inflation and go sideways to lower in the next 3 years. In a higher rate environment, how can they institute stock buy-back programs?
Crazy as it seems, Trump will likely preside over QE4 and higher rates. Sterilized printing (QE) and rolling out our deMonday, December 19, 2016 |
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| Mark O'Byrne - gold.ie |
| RBS Fail Bank of England Stress Test |
| Ulster Bank Parent RBS Fails Bank of England Stress Test
“Royal Bank of Scotland (RBS)(RBS.L) will cut costs and sell assets to boost capital levels, it said on Wednesday after failing this year’s Bank of England stress test, which warned of a “challenging” outlook for Britain’s financial system.
The state-backed lender rushed out a statement following the announcement to say it would take a range of actions, including selling off bad loans and cutting costs to make up the capital shortfall idenWednesday, November 30, 2016 |
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| Mark O'Byrne - gold.ie |
| Silver Eagle Demand ‘Returned with a Vengence’ |
| As gold and silver step back slightly to sit and wait for US economic data to be released later today we bring you news of the US Mint Silver Eagle demand that has ‘Returned with a Vengeance’ as reported by silverseek.com.
Last month it seemed some of the heat had come out of the US Mint Silver market when sales had failed to maintain the momentum seen in the first five months of the year when between 5.9m and 4 million coins had been sold each month.
But things have dramatically picked up. SaleFriday, October 21, 2016 |
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| Jan Skoyles - gold.ie |
 Cashless Society – War On Cash to Benefit Gold |
| Cashless Society – Risks Posed By The War On Cash
by Jan Skoyles, Editor Mark O’Byrne
Introduction
Cash is the new “barbarous relic” according to many central banks, regulators, and some economists and there is a strong, concerted push for the ‘cashless society’.
Developments in recent days and weeks have highlighted the risks posed by the war on cash and the cashless society.
The Presidential campaign has been dominated for months and again this week by the power of information that has beenFriday, October 21, 2016 |
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| Mark O'Byrne - gold.ie |
| Deutsche Bank Tries To Explain Failure To Deliver Physical Gold |
| The debacle involving Deutsche Bank’s failure to deliver physical gold from the Xetra-Gold exchange traded commodity (ETC) continued on Friday after a press release from Deutsche Bank. Zero Hedge covered the “non-response” from the beleaguered German bank over the weekend:And so another non-response, because in the same press release Deutsche Bank both admits that it has an obligation to deliver the gold “as a matter of course”, and then tacitly confirms that it failed to do so, by first saying Monday, September 5, 2016 |
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| Mark O'Byrne - gold.ie |
| Jim Grant Is “Very Bullish On Gold” |
| Jim Grant is “very bullish on gold” due to deepening concerns of a crash in sovereign debt. The monetary historian and expert, financial journalist and editor of the investment newsletter ‘Grant’s Interest Rate Observer’ is always worth reading and listening to.Grant gave voice to his deepening concerns in an excellent interview with Swiss business newspaper ‘Finanz und Wirtschaft’ (Finance and Economy):“From multi-billion bond buying programs to negative interest rates and probably soon helicoWednesday, August 24, 2016 |
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| Mark O'Byrne - gold.ie |
| Germans Warned To ‘Stockpile’ Cash In Case Of ‘War’ |
| The German government is warning its people to ‘stockpile’ food, water and cash in case of ‘war’.For the first time since the end of the Cold War, the German government is set to tell citizens to stockpile food, water, medicine, fuel and cash in case of war, an attack, catastrophe or “national emergency”, the Frankfurter Allgemeine Sonntagszeitung newspaper reported on Sunday.Angela Merkel, Francois Hollande and Matteo Renzi on Aircraft Carrier Garibaldi yesterday. Photo: Guido Bergmann / DPAAngTuesday, August 23, 2016 |
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| Mark O'Byrne - gold.ie |
| Ireland’s Biggest Bank Charging Depositors – Negative Interest Rate Madness |
| Deposits at Bank of Ireland are soon to face charges in the form of negative interest rates after it emerged on Friday that the bank is set to become the first Irish bank to charge customers for placing their cash on deposit with the bank.This radical move was expected as the European Central Bank began charging large corporates and financial institutions 0.4% in March for depositing cash with them overnight.Bank of Ireland is set to charge large companies for their deposits from October. The baMonday, August 22, 2016 |
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 | Mish - Global Economic Analysis |
| RBS Pays Negative Interest on Large Deposits Starting Monday; Negative Interest Roundup |
| In response to the Bank of England setting interest rates at a record low 0.25% at its last meeting, the Royal Bank of Scotland sent out letters informing some large depositors that negative interest start on Monday.
Postbank, a subsidiary of Deutsche Bank, will charge depositors €3.9 per month starting November, in response to the ECB’s negative interest rate policy.
This is more money out the window for depositors. At the end of this article I have a roundup of banks offering negative interestSaturday, August 20, 2016 |
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| Chris Powell - GATA |
| Royal Bank of Scotland's biggest trading customers face negative rates |
| By Tim Wallace
The Telegraph, London
Friday, August 19, 2016
Royal Bank of Scotland will impose negative interest rates on some of its biggest customers from Monday, as central banks’ sub-zero policies start to bite.
The 70 largest companies that are heavily involved in financial trading, including other banks and pension funds, will face the charge when trading options and futures.
Traders have to post collateral with clearing houses -- funds that cover the cost of transactions if the trader isSaturday, August 20, 2016 |
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 | Andy Hoffman - Miles Franklin |
| Europe Will Collapse First, “everything Else” Will Follow |
| The 150 or so people attending Miles Franklin’s “Q&A Rap Session” in Chicago Friday night saw me, working on 2½ hours of sleep, get choked up when describing the importance of BrExit; which last month, I deemed “the most important – and Precious Metals bullish – election in history.” And not just because in my view, it was history’s most globally relevant act of political defiance – in that 7.3 billion people will all be affected by the votes of a mere 30 million; but that it was done despite aMonday, June 27, 2016 |
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| Bullion Vault |
| Gold Prices Extend Brexit Bombshell Surge as 'Stable' Markets Sink Yet Again |
| GOLD PRICES pushed up but held below
Friday's Brexit jump to new multi-year highs in London trade Monday, as Western stock markets sank once again following the UK referendum's decision to quit the European Union.
Gold on Friday made its highest weekly close in London's wholesale trade
since July 2014 against the Dollar, and rose again today despite strong selling pressure at the
benchmark LBMA Gold Price Monday, June 27, 2016 |
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| Mark O'Byrne - gold.ie |
| Gold Price Set To Push Higher As Inflation Picks Up – RBC |
| The gold price is set to move higher in the coming months as inflation picks up according to new research from RBC.“Analysis suggests a -0.5% real rate would imply a $1,380/oz gold price and a -1.0% real rate $1,546/oz” — that’s according to RBC’s April 10 Global Gold Outlook note, which takes a look at how lower real interest rates, coupled with a dovish Fed will impact the gold price.RBS via Value WalkConsumer prices in the United States rose 0.9% year-on-year in March of 2016, indicating thatThursday, April 21, 2016 |
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| Mish - Global Economic Analysis |
| RBS Goes to Robo-Advisors, Fires Hundreds; Real Advisor Requires £250,000 |
| The Royal Bank of Scotland fired 220 advisors and instead will use robots to answer customer’s investment questions. To talk to a real person you need £250,000. That’s about $362,000. RBS says this is what customers want.
RBS Fires 220 Advisors
Please consider RBS Cuts Hundreds of Jobs as FCA Approves ‘Robo-Advisers’.
Royal Bank of Scotland (RBS) has announced that it will be switching customer advice services over to automated ‘robo-advisers’ as it cuts 220 face-to-face positions.
The new onliThursday, March 17, 2016 |
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| Eric Dubin - Investor Intelligentsia |
| Global Economic And Banking Collapse On Deck – Dave Kranzler |
| TND Guest Contributor: Dave Kranzler
All eyes are focused on Deutsche Bank. Rightly so, for the most part. “As you said, Deutsche Bank is blowing up” (Dr. Paul Craig Roberts in an email to me this morning). It was reported this morning that the bank’s CEO released a memo to employees in which he assured the “troops” that everything was fine. Most people do not remember this but I’ve been cursed with a great memory for certain details. Jimmy Kayne, the CEO of Bear Stearns, when Bear blewWednesday, February 10, 2016 |
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 | Chris Martenson |
| The Return Of Crisis |
| Financial markets the world over are increasingly chaotic; either retreating or plunging. Our view remains that there’s a gigantic market crash in the coming future -- one that has possibly started now.
Our reason for expecting a market crash is simple: Bubbles always burst.
Bubbles arise when asset prices inflate above what underlying incomes can sustain. Centuries ago, the Dutch woke up one morning and discovered that tulips were simply just flowers after all. But today, the public has yet toMonday, February 8, 2016 |
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