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| RATIOS & INDEXES |
| Gold / Silver | 61.99 |
| Gold / Oil | 14.77 |
| Dowjones / Gold | 11.04 |
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 | Articles related to gold reserves |  |
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 | Gabriel M. Mueller - Goldmoney |
| From paper reserves to gold reserves |
| In January of this year I published a piece on the “fair gold price” in order to demonstrate that, if one was to simply treat the gold of all international central banks as the world’s true, reserve currency – as history has held it as for over hundreds, if not thousands, of years – then a logical calculation would place the value of gold at an astonishing $10,617 an ounce. Compared to gold’s price of $1,675 back then, this was a significant revaluation.
The fair gold price can be calculated bySaturday, May 25, 2013 |
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 | Chris Powell - GATA |
| Addison Wiggin: Cooking the gold books |
| The Daily Reckoning's Addison Wiggin today gives credence to suspicions that the recent smashing of the gold price was heavily abetted by dishoarding of government gold reserves, but he adds that the price of real metal seems to be breaking away from the futures market price. Wiggin quotes GATA supporters or sympathizers Eric Sprott and John Embry of Sprott Asset Management, coin dealer Richard Nachbar, and market analyst Chris Martenson. Wiggin's commentary is headlined "Cooking the Gold Books"Saturday, May 25, 2013 |
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 | Mark O'Byrne - gold.ie |
| Gold ETF Sales Dwarfed By Central Bank, Jewellery, Coin and Bar Demand |
| Today’s AM fix was USD 1,385.25, EUR 1,068.95 and GBP 917.81 per ounce.
Yesterday’s AM fix was USD 1,386.00, EUR 1,074.92 and GBP 919.16 per ounce.
Gold climbed $24.80 or 1.78% yesterday to $1,392.00/oz and silver finished up 0.16%.
After a volatile and momentous week for global markets, gold and silver look set to finish higher in all currencies and have their best week in a month.
Cross Currency Table – (Bloomberg)
Holdings in gold exchange-traded funds fell to fresh four-year lows yesterFriday, May 24, 2013 |
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 | Philippe Herlin - GoldBroker |
| The New Great Wall of China : Gold |
| By Philippe Herlin - Researcher in finance / Contributor to Goldbroker.com
When the crisis hit in 2008, China’s reaction was very communist-like : instead of turning to money printing in the hope that credit and investment would pick up ( which is still the dream of Western central banks), both the central power and the regional ones have launched gigantic infrastructure plans while forcing banks to lend them money. Credit, as a result, has effectively picked up : orders from Beijing! While cThursday, May 23, 2013 |
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 | Ranting Andy - Miles Franklin |
| The New York Gold Pool |
| Read the Tuesday Afternoon Wrap-Up for 5/21/2013 and the Wednesday Morning Commentary for 5/22/2013
I know, MARKET MANIPULATION cannot possibly exist; even though the Fed admits to supporting bonds…
QE4-Ever: Fed Announces 4th Round of Quantitative Easing
…while distinct GOVERNMENT AGENCIES are mandated to support stocks…
President’s Working Group on Financial Markets
…and manage currencies…
Exchange Stabilization Fund (“The ESF”)
…and what’s this, per the ESF’s mandate…
“The ESF was establishedWednesday, May 22, 2013 |
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 | Jesse - Le Café Américain |
 Marking the Field: US Stated Gold Reserves and Gold Held at the Fed - World Gold and Gold Swaps |
| The US Treasury says that it holds 261,499,000 fine troy ounces in its international reserves.
The gold is valued on the books at $42.2222 per fine troy ounce. This represents a total value of $11,041,063,078.
Since there are 32,150.7466 troy ounces in a tonne, the US Treasury has 8,133.53 tonnes of fine gold on its books. Note that the number as presented on a copy of the official US Treasury statement shown below includes 'gold swaps.'
A discussion of the procedures and nature of goldMonday, May 20, 2013 |
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 | Mike Hewitt - Dollar Daze |
| America's Forgotten War Against the Central Banks |
| In order to pay debts incurred from the Seven Years War with France, King George III of England sought to heavily tax the colonies in America. In 1742, the British Resumption Act required that taxes and other debts be paid in gold.Friday, May 10, 2013 |
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 | Julian D. W. Phillips - Gold Forecaster |
| Is Mr. Buffet Right about not Holding Gold? |
| Who is Warren Buffett? He's 'Yoda' of the financial world. He is a man brilliantly skilled at making profits with considerable expertise in the U.S. economy and its corporations.Gold is, as he says, a dormant item pulled out of the ground and stored in vaults thereafter. It is not for 'just making profits because it is an entirely different animal to corporations.The big difference is that Buffett has been making money for around 70 years, whereas gold has been preserving wealth for around 5000Thursday, May 09, 2013 |
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 | Darryl Robert Schoon - Survive the Crisis |
Gold - Who's selling who's buying who's lying  |
| Although the Pharisees of paper money successfully forced down the price of gold, like those who lobbied Pontius Pilate to crucify Jesus, the consequences of their actions will backfire beyond their wildest imagination.The decision of the paper money cabal to force down the price of gold is akin to Japan's decision to attack Pearl Harbor. Although the attack was successful, the eventual consequences were not what Japan had envisioned.Recently, an article, The Gold Correction: What's the Big DealThursday, May 09, 2013 |
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| Ranting Andy - Miles Franklin |
| America’s “Leaders” In Action |
| Read Wednesday Afternoon Wrap-Up for 5/8/2013 and the Thursday Morning Commentary for 5/9/2013
Let it be known, that on May 1st, 2013 – coincidentally, the date of the “PHYSICAL SILVER COUNTERATTACK” – the ENTIRE WORLD recognized what I have espoused for a decade – the Federal Reserve is CLUELESS! To wit, in its post-meeting announcement, the FOMC stated EXACTLY what I knew they would; they are continuing “QE4” indefinitely, as well as its’ ZIRP interest rate policy…
Fed Keeps Pedal to the MetaThursday, May 09, 2013 |
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 | Charleston Voice |
| Where is World’s Gold? |
| Mufti Mubashir
History says Gold goes to where it is respected. 98 percent of Gold at Federal Reserve Bank of New York is owned by central bank of foreign nations and 2 percent is owned by United States of America.
Germany holds more than 3,000 tons of gold bullion, which represents more than 75 percent of its foreign currency reserves.
Germany build its gold reserves as trade surplus after Second World War. Much of world’s gold is stored in vaults underneatTuesday, May 07, 2013 |
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 | Alasdair Macleod - Finance and Eco. |
| Gold market report: reduced volatility |
| This week has seen somewhat reduced volatility in precious metals, with gold ranging between $1,442 and $1,480 and silver between $23.20 and $24.60. The question we would all like an answer to is having consolidated after the massive knock-down last month, will prices continue to fall, or have they bottomed?
To help answer this question, let’s look at the position of the bullion banks on Comex, in the form of the four largest traders. The two charts below are for gold and silver, and representMonday, May 06, 2013 |
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| Chris Powell - GATA |
| Jeff Nielson: China's real gold reserves at 4,000 tonnes? |
| Jeff Nielson of Bullion Bulls Canada writes today that China has probably raised its gold reserves to as much as 4,000 tonnes, far beyond the 1,054 announced in 2008 and reported officially today, and that it is probably talking gold down so it can get more metal inexpensively. Nielson's commentary is headlined "China's Real Gold Reserves at 4,000 Tonnes?" and it's posted at Bullion Bulls Canada here:
http://www.bullionbullscanada.com/gold-commentary/26166-chinas-real-gold...Friday, May 03, 2013 |
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| Chris Powell - GATA |
| Ambrose Evans-Pritchard: Italy should use gold reserves to change EMU policy |
| By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, May 2, 2013
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100024392/it...
The World Gold Council has advised Italy to deploy its 2,000 tonnes of gold to break free of European Monetary Union austerity dictates.
By using the reserves -- the world's fourth largest -- to collateralise the first chunk of any losses for bondholders, Italy could raise E400 billion or so on the capital markets and determine its own future for a wFriday, May 03, 2013 |
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 | John Browne - Euro Pacific Capital |
Gold Recovers Amidst Uncertainty  |
| The selloff in gold that captured the world's attention in mid-April has revealed some truths about how the market trades and the sentiments of many of the investors who have piled into the trade over the past few years. While the correction does highlight a higher degree of uncertainty than many of the most ardent gold advocates had anticipated, it does not represent the historic "end of an era" reversal that the many in the media have so gleefully suggested. In many ways, the market has shownFriday, May 03, 2013 |
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 | Peter Schiff - Euro Pacific Capital |
 The Great Gold Redemption |
| The most puzzling part of the investment business is seeing how the vast and largely economically illiterate masses interpret any given piece of news. Take the recent gold selloff: many large players were motivated to sell by news that Cyprus will have to liquidate its gold stockpiles to pay off acute debt obligations. But just a moment's reflection shows this reaction to be knee-jerk.The real story behind Cyprus' deal has much more profound ramifications - and they are positive for gold.The RigFriday, May 03, 2013 |
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| Bullion Vault |
| Shanghai's Gold Premium "Crashes" as China Returns from Labor Day, ECB Cut Buoys Euro |
| London Gold Market ReportLONDON PRICES for gold and silver both ticked higher Thursday morning, recovering half of Wednesday's 2.4% and 4.6% falls respectively.European stock markets reversed earlier losses and commodities also bounced after the European Central Bank decided - as widely expected - to cut its key interest rate to a new all-time low of 0.5%.Priced in the Euro both gold and silver were little changed as the single currency bounced back towards yesterday's 2-month highs."The ChineseThursday, May 02, 2013 |
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 | Jim Willie CB - Hat Trick Letter |
| Financial Treachery & Harsh Consequences |
| The most powerful element of the shift has been the movement of gold wealth from Western locations (New York, London, Switzerland) to Eastern locations (China, Russia, Singapore, Taiwan, Hong Kong). Most residents of the United States, the United Kingdom, and Western Europe are in shock, constantly distracted by the sweeping disruptive events led by a) unstoppable government deficits, b) the powerful crumble of sovereign bonds, c) the ruinous insolvency of the banking systems, d) the relentless reign of tax terror, and e) the tragic decline of the underlying economiesWednesday, May 01, 2013 |
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| Chris Powell - GATA |
| So where's all the gold coming ... |
| Observing the recent smash in the paper gold market, our friend S.S. asks whether it may signify that Western government gold reserves, particularly U.S. gold reserves, are a lot larger than reported, or if world gold holdings generally are a lot larger than estimated, so much so that gold price suppression can continue for decades or centuries. He cites the famous story about the supposed hoard of looted Asian gold amassed by Japanese Army Gen. Tomoyuki Yamashita during World War II, a hoard soMonday, April 29, 2013 |
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