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| RATIOS & INDEXES |
| Gold / Silver | 61.93 |
| Gold / Oil | 14.88 |
| Dowjones / Gold | 11.03 |
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 | Articles related to Switzerland |  |
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 | Peter Schiff - Euro Pacific Capital |
| The Biggest Loser Wins |
| While the world's economies jockey one another for the lead in the currency devaluation derby, it's worth considering the value of the prize they are seeking. They believe a weak currency opens the door to trade dominance, by allowing manufacturers to undercut foreign rivals, and to economic growth, by fighting deflation. On the other side of the coin, they believe a strong currency is an economic albatross that leads to stagnation. But the demonstrable effects of currency strength and weaknessFriday, May 24, 2013 |
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 | Mark O'Byrne - gold.ie |
| Silver Recoups Sharp Loss And Rises 2% On Record Volume |
| Today’s AM fix was USD 1,378.75, EUR 1,070.21 and GBP 908.39 per ounce.
Yesterday’s AM fix was USD 1,353.75, EUR 1,051.95 and GBP 890.86 per ounce.
Gold climbed $19.40 or 1.43% yesterday to $1,384.30/oz and silver finished 2% higher.
Silver’s recovery yesterday from being 10% lower at one stage to recouping these losses and then rising over 2% was very positive technically. The key reversal is leading some to postulate that we may have seen the bottom or are close to a bottom.
Spot Silver Tuesday, May 21, 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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 | Jan Skoyles - The Real Asset Co |
| Unveiling the gold market’s working parts |
| On the 12th and 15th April gold fell victim to a price smash.
Why this happened is something which is open to much analysis and theorising. For the mainstream media it was down to an improving global economy and the need to hold gold no longer existed, for those in the world of gold investment this was perhaps down to more of the politics behind the gold-market than the economics.
On April 12th 3.4 million ounces (100 tonnes) of gold was sold in the US futures markets. This was just for startersSaturday, May 18, 2013 |
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 | The Gold Report |
| Gold and Bitcoin: Currencies of the Future?James Turk |
| The Gold Report: James, from your perspective in Europe, is the region in as bad a financial crisis as it appears in the headlines here in the U.S.?
James Turk: Yes, it really is. However, Europe is a big place, and you have to look at the individual countries one by one to understand the situation. Generally speaking, the Mediterranean countries are in the worst shape. Germany has been in the best shape, although recent economic data indicate it may be falling into a recession again. France isSaturday, May 18, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - South Africa Imports $1 Billion In Gold Bullion From NYC? |
| The stories on the sidebar are interesting today. The last piece by Golem XIV about What Bankers Don't Know is a 'must read' in my opinion.
I was greatly amused to read that South Africa imported about a billion dollars in gold bullion from New York earlier this year, an amount large enough to turn their trade surplus into a deficit.
The reason given was that South Africa had problems in its mining sector because of union actions etc.
What is not stated is that it was cheaper for South AfricTuesday, May 14, 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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 | Chris Powell - GATA |
| What a 'bear market'! India's gold imports seen topping 100 tonnes for second month |
| By Prabhudatta Mishra
Bloomberg News
Wednesday, May 8, 2013
http://www.bloomberg.com/news/2013-05-08/gold-imports-by-india-seen-topp...
NEW DELHI -- Gold imports by India, the world's largest consumer, are set to exceed 100 metric tons for a second month in May as jewelers rush to beat central bank curbs on overseas bullion purchases by banks, a refiner said.
The biggest slump in gold prices in more than three decades on April 15 spurred banks, traders, and jewelers to import more than 100 tons Wednesday, May 08, 2013 |
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 | Bron Suchecki - Perth Mint |
| Not much of a case |
| I stopped following blogger Dave in Denver when he wimped out of publishing a critical, but civil, comment of mine on his blog. Thankfully my readers persevere with him and have let me know he recently made the following post:
"A reader alerted me to the fact that Bron Suchecki, one of the proprietors of the Perth Mint - the notoriously untrustworthy and fractional bullion account seller - made the claim that there's plenty of 400 oz. gold bullion bars to be had on the world market. This isSunday, May 05, 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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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Educators And the School of Probability |
| According to LeMetropole Café this word from UBS:
"Demand out of Asia was exceptional last week: Indian demand was the strongest we’ve seen in five years, while volumes and premiums on the Shanghai Gold Exchange reached record highs. This seemingly insatiable appetite is not necessarily limited to the region, though.
Reports of long queues, refinery capacities being maxed out, lead times being extended, stocks running out, and surging premiums are also evident. Retail buyers in Europe and theTuesday, April 30, 2013 |
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| Chris Powell - GATA |
| If banks are this scared of Bitcoin, gold must terrify them |
| By Stephen Foley
Financial Times, London
Friday, April 26, 2013
http://www.ft.com/intl/cms/s/0/55733b80-addf-11e2-a2c7-00144feabdc0.html
NEW YORK -- There are many reasons to doubt the monetary value of Bitcoin, the virtual currency whose exchange rate has been gyrating wildly this month, but no one can deny its comedy value.
"Bitcoin has worth just because a bunch of people on the Internet have agreed it is worth something -- like Psy," joked Stephen Colbert recently, comparing Bitcoin to the Sunday, April 28, 2013 |
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 | Peter McKenzie-Brown - Language Instinct |
| The Parallel Lives of Verdi and Wagner |
| The lives of two great and greatly different geniuses; graphic from here
By Peter McKenzie-Brown
Born a few months apart in 1813, German composer Richard Wagner (May 22) and Italian composer Giuseppe Verdi (October 9) were the greatest operatic composers of all time. They tower above all others except Mozart, whose output of great operas was unfortunately small.
Musically the two men were leagues apart, yet their lives and times were strangely parallel. They represented two powerful cultures.Sunday, April 28, 2013 |
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| Chris Powell - GATA |
| Swiss banking chief tries to quell clamor about gold |
| By Catherine Bosley
Bloomberg News
Friday, April 26, 2013
http://www.bloomberg.com/news/2013-04-26/jordan-won-t-rule-out-future-sn...
ZURICH -- Swiss National Bank President Thomas Jordan won't exclude increasing the central bank's gold holdings at some point and said most of its reserves are held domestically.
"As part of a good diversification of currency reserves, a certain proportion of gold can help reduce the balance sheet risk," Jordan said in Bern today, according to a copy of his speechFriday, April 26, 2013 |
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| Ben Traynor - Bullion Vault |
| "Gold Shortage" Seen in Asia with "Physical Market Still Tight" |
| London Gold Market ReportGOLD drifted lower towards $1460 an ounce Friday morning in London, having climbed to its highest level since last week's price drop at $1485 during Asian trading."The next resistance level is $1487," says a note from technical analysts at Scotia Mocatta published late Thursday."Should we trade through that, we believe it will open up a full retracement to the $1522 lows...support is at $1322."Silver meantime rose as high as $24.86 an ounce in Friday's Asian trading befoFriday, April 26, 2013 |
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 | David Bond - Wallace Street Journal |
| After the Gold Rush |
| WALLACE, Idaho — Well, after the Great Big Smackdown, what's next? Explanations as to the cratering of gold and silver these past days are all over the map.
As usual, silver was harder hit than gold's spectacular drop from March's anemic $1,600 to Monday's $1,350.
The Swiss call such market events a Rheinfall, after the waterfalls in the River Rhein, which drops spectacularly around a corner at Schaffhausen after a smooth flow from its headwaters at LFriday, April 26, 2013 |
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 | Alasdair Macleod - Finance and Eco. |
| Physical gold vs paper gold: waiting for the dam to break |
| Introduction
In this article I will argue that the recent slide in the gold price has generated substantial demand for bullion that will likely bring forward a financial and systemic disaster for both central and bullion banks that has been brewing for a long time. To understand why, we must examine their role and motivations in precious metals markets and assess current ownership of physical gold, while putting investor emotion into its proper context.
In the West (by which in this article IFriday, April 26, 2013 |
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 | Julian D. W. Phillips - Gold Forecaster |
 Better "Safe Haven" ? Switzerland or Canada? |
| Despite the well-engineered ?bear raid? conducted by some U.S. banks together with some hedge funds ?which knocked the gold price back on its heels down to $1,344? the demand for gold from all over the world remains unabated. The fall in the gold price caused the physical buying of gold to surge everywhere and the gold price has begun to recover. The dilemma facing most gold investors remains.?Where does one hold their physical gold?? More to the point, where does one hold one?s gold away from inFriday, April 26, 2013 |
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