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| RATIOS & INDEXES |
| Gold / Silver | 61.11 |
| Gold / Oil | 14.16 |
| Dowjones / Gold | 11.29 |
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 | Articles related to Finland |  |
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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 gold Saturday, May 18, 2013 |
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 | Mish - Global Economic Analysis |
| Rational Reason to Panic; Hot Money Blues; Right for the Wrong Reasons |
| The first rule of panic is simple: "Panic before everyone else does." With that rule in mind, the pertinent question at hand is also simple: "Should I panic now?"
For those in Europe, I offer an emphatic "Yes!" One is foolish at best to keep more than 100,000 euros in any European bank, especially any Southern European banks.
There is a clear and obvious "Rational Reason to Panic".
By "panic" I mean get your money out now, while you can, before everyone else does.
I am not the only one who tFriday, March 29, 2013 |
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 | Justice Litle - Taipan Publishing |
The Next Stage in the Financial Crisis Starts Here  |
| As part of a €10 million rescue deal, the European Union, the European Central Bank and the International Monetary Fund have decided to burn depositors in Cypriot banks.
Depositors with less than €100,000 face a 6.75% levy on their accounts. Depositors with accounts over that threshold face a 9.9% loss.
These institutions are run by clowns with matches. And their antics are taking place near tankers filled with kerosene.
The authorities argue that Cyprus is a "special case." That's because, in aThursday, March 21, 2013 |
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 | Chris Powell - GATA |
| Ambrose Evans-Pritchard: Daylight robbery in Cyprus will come to haunt EMU |
| By Ambrose Evans-Pritchard
The Telegraph, London
Monday, March 18, 2013
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100023466/da...
One's first reflex is to gasp at the stupidity of the EU policy elites, but truth is that most EU officials handling the Cyprus crisis know perfectly well that their masters have just set the slow fuse on a powder keg -- and they can only pray that it is slow.
The decision to expropriate Cypriot savers -- even the poorest -- was imposed by Germany, HThursday, March 21, 2013 |
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| Mish - Global Economic Analysis |
| Merkel Coalition Doomed; Italy Exit Only a Matter of Time? |
| About a week ago I started exchanging emails with reader Bernd who lives in Germany. He claims that the anti-euro movement in Germany is far bigger than mainstream media lets on.
The question is who to believe, and I cast my lot with Bernd.
I have been down this path twice before, the first with reader "AC" who is from Italy and called the rise of Beppe Grillo a year before mainstream media ever mentioned the guy, let alone treated him seriously.
The second setup regards reader "Bran" who liThursday, March 14, 2013 |
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