Some Gold & Silver News

Below is some gold and silver news that may have been unreported, underreported or misrepresented on the controlled corporate media.

Is Another Popular Metals Dealer Losing People’s Money?

KWN, Steve Quayle, December 4, 2014

30-year metals dealer Stephen Quayle shared the following details about what the precious metals purchaser can do to protect themselves. Quayle: "If a deal seems to good to be true, it is. If dealers and distributors can’t buy at spot, what makes people think they can? People who are penny wise and pound foolish when buying precious metals get burned. And we are not talking about pennies here, we are talking about people's life savings ... it doesn't get any easier than the following three points: First, ask what the delivery time is going to be, and is it guaranteed? Second, does the dealer use the clients funds to play the paper commodity market? Third, ask if the dealer can deliver the metal in the guaranteed time frame? ... As most people are aware, if a company goes into bankruptcy the client will basically get nothing back. There is no reason in the precious metals world that you should not be able to get your metals within one week or two weeks at the outside. Delivery is everything, not price, because you can have the best price in the world but if the guy gets away with your money, how much did you pay for the gold and silver you never got? The answer is, you paid too much and you paid for a valuable lesson. They don’t just take a slice of your pie, they take a slice of your life savings. I have been in the precious metals business for over 30 years, and what I can tell you is that when people start getting excuses from their dealer, they need to demand their money back. All of these types of problems stem from people thinking they can buy metal at spot price and then storing the metals with the company or individual who they bought them from. The other thing I have seen over the years are a lot of dealers that play the 'paper market,' betting one way or another. In other words, if they suspect the metals are at a one week or two week high, they will take orders promising delivery and then they will short the market. Well, if the market goes against them, those dealers have lost their clients' money. Again, people have to ask dealers, 'Are you playing the paper market with your clients' money?' In other words, are they gambling or betting with their clients' money?"

Wild Metals Trading & Shocking Reason Dutch Got Their Gold

KWN, James Turk, Dec. 1, 2014

James Turk told King World News, "The Germans want to store their gold in Frankfurt, not lend it. That’s why the Dutch got special treatment. But regardless of what happened to the Dutch gold, it is a side-show compared to what is happening here in London. The fractional reserve bullion banking scheme is rapidly unraveling. The driving force in both gold and silver as we head toward the end of the year is coming from institutions - probably central banks and definitely Asian buyers, funds and family offices - that are taking delivery on forwards purchased earlier this year. This demand has caused backwardation to deepen yet again today to even more extraordinary levels. Each day as backwardation deepens, we are moving closer to the panic I’ve been warning about as the bullion banks scramble for physical metal that is in extremely short supply. Be prepared for anything."

Historic & Unprecedented Events Unfolding In The Gold Market

KWN, Rick Rule, Nov. 29, 2014

The Dutch just got back 122 tons of gold, but the Germans have attempted to get their gold back and they’ve only received 5 tonnes so far. So why did Germany only get 5 tonnes of gold after all this time and yet the Dutch suddenly popped up with 122 tonnes? This seems to be adding fuel to the fire in Europe.

India eases gold import rule in surprise move

Reuters, Mumbai, Nov 28, 2014

India has scrapped a rule mandating traders to export 20 percent of all gold imported into the country, in a surprise move that could cut smuggling and raise legal shipments into the world's second-biggest consumer of the metal after China.

Another Trip Down The Rabbit Hole Of US Lies & Missing Gold

KWN, Steve Quayle, Nov. 26, 2014

"The French and Dutch have just sent a message to the Swiss that they should vote yes on the upcoming Swiss Gold Initiative ... countries who are in the know are moving so quickly to get their gold before it’s too late ... Think about what that will do to the value of all the gold the Russians and the Chinese have accumulated on the cheap. The value of that gold will go through the roof. And think about how furious the countries and the citizens of those countries will be when they don’t get their gold back from the United States and London after gold has skyrocketed in price ... the final nail in the coffin for the West is still to come. That is when the Chinese and the Russians open up their vaults for a true independent audit and come together to form a currency bloc that includes gold backing in the East."

Metals Experts: The Coming Financial Collapse & How to Protect Yourself

Hagmann & Hagmann, Nov. 23, 2014

David Morgan and Steve Quayle discuss the current state of the precious metals market from a historic, retail and wholesale point of view. They recommend that everybody have enough food for 6 months and if possible one ounce of silver per person for 200 days stored up to face the coming economic collapse. They point out how China and India have amassed huge quantities of silver and gold and are preparing for the greatest transfer of wealth in the history of the world when paper currency and derivatives collapse. For decades, both Steve and David have been watchmen like Ezekiel:

"They have blown the trumpet, even to make all ready ... The sword is without, and the pestilence and the famine within ... But they that escape of them shall escape, and shall be on the mountains like doves of the valleys, all of them mourning, every one for his iniquity. All hands shall be feeble, and all knees shall be weak as water. They shall also gird themselves with sackcloth, and horror shall cover them; and shame shall be upon all faces, and baldness upon all their heads. They shall cast their [paper] silver in the streets, and their [paper] gold shall be removed: their [fraudulent] silver and their [fraudulent] gold shall not be able to deliver them in the day of the wrath of the Lord: they shall not satisfy their souls, neither fill their bowels: because it [derivatives] is the stumblingblock of their iniquity." - Ezekiel 7:12-19 (See also James 5:1-6)

China and Russia To Accuse U.S. Of Not Having The Gold

King World News and Steve Quayle, November 21, 2014

King World News interviewed a man who has been uncovering critical information for 25 years who said that in the not-too-distant future China and Russia are going to publicly announce to the world that they don’t believe the United States has the 8,100 tons of gold it claims to possess. He also spoke about German gold repatriation, the Swiss Gold Initiative, and massive unofficial gold holdings in China that are held outside of the central bank. Steve Quayle takes KWN readers around the world on a shocking trip down the rabbit hole of lies, propaganda, criminal international banking syndicates and murder...

Ukraine Admits Its Gold Is Gone: "There Is Almost No Gold Left In The Central Bank Vault"

Tyler Durden, Zerohedge, Nov. 18, 2014

In early March 2014, one of the senior officials of the former Ministry of Income and Fees reported that, according to him, on the orders of one of the "new leaders" of Ukraine, all the gold reserves of the Ukraine were taken to the United States. Thus, the "price of Ukraine's liberation" was the handover of its gold to the Fed. In a recent interview on Ukraine TV, none other than the head of the Ukraine Central Bank made the stunning admission that "in the vaults of the central bank there is almost no gold left. There is a small amount of gold bullion left, but it's just 1% of reserves."

Gold Market Has Now Moved Into More Extreme Backwardation

KWN, James Turk, Nov. 17, 2014

James Turk said, "The extreme backwardation prevailing in gold is telling us that the demand for physical metal is greater than available supply. In other words, there is a clear arbitrage today to make easy money, but the big players are leaving this money on the table. By selling physical metal today, it is possible to profit in three ways:

  1. Lock in a forward contract to buy gold back in the future at a lower price.
  2. Avoid storage costs because you have sold your physical metal, and...
  3. Have the use of the proceeds from your sale until you need to pay a number of months in the future for delivery under your forward contract.

"But none of the big players who own physical gold want this ‘free’ money. They would rather own the physical metal than rely on some promise to have metal returned to them in the future. This point is important because it implies that confidence in paper money is shrinking along with the purchasing power of paper money. It is safe to assume that everybody who wanted to sell has done so. So the weak hands are out of the market, and the strong hands now owning physical gold understand how undervalued gold is at these prices. The strong hands are the dominant force today, and they not going to be enticed out of their metal at these prices. This bodes well for the next few weeks as the shorts move toward yearend book squaring."

Gold Shortage, Worst In 21st Century, Sends 1Y GOFO To Lowest Ever

Tyler Durden on 11/28/2014

Deutsche Bank recently stated, "It is interesting to note that benchmark gold-dollar swap rates have recently traded negative, meaning investors are paying to borrow gold. This is unusual as gold is traditionally used as a source of collateral for cash financing.... [A] number of factors may play a role, such as excess dollar liquidity or an increased demand for collateral on the back of the global regulatory developments." In short a gold shortage at the institutional, read commercial and central bank, level. And not just a shortage but the biggest shortage in history, judging by today's latest plunge in the 1 Month GOFO which just dropped to -0.5% and , worse, 1 Year GOFO that just hit its lowest print in the 21st century, and is also about to go negative: something that has never happened before, further suggesting the gold shortage could go on for a long, long time!"

Will ISIS introduce its own gold and silver currency?

By Emma Glanfield for MailOnline, 10 November 2014

While ISIS has yet to confirm the introduction of a currency, social media is awash with claims that leading religious figures announced the plans for gold and silver dinar coins during recent prayers in Mosul and Nineveh province.

Greenspan's Stunning Admission: "Gold Is Currency; No Fiat Currency, Including the Dollar, Can Match It"

By Tyler Durden on 11/07/2014

At the recent Council of Foreign Relations (CFR) meeting, where ex-Fed-Chief Alan Greenspan spoke last week, the official CFR transcript left out some important comments:

TETT: Do you think that gold is currently a good investment?

GREENSPAN: Yes... Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.

Alert: US Mint SOLD OUT of Silver Eagles!

November 5, 2014 by The Silver Doctors

The US Mint has just issued an alert to Primary Dealers across the US that Silver Eagle inventories, which according to the Mint began today at over 2 million ounces, are now SOLD OUT as of 12:30pm EST.

Mining CEO Proposes: Crush Market Manipulation By Halting Silver Sales and Send Ripples to the Entire System

Freedom Outpost, Oct. 25, 2014

Future Majestic Silver Corp. CEO Keith Neumeyer says that manipulated paper markets are not representative of the physical price of silver. According to Neumeyer, it costs about $16.50 to get silver out of the ground and with it's current "paper" spot price trading at about a dollar over that, it is becoming more and more difficult for mining companies to break even, let alone maintain profitable businesses. Thus, his company has withheld some of its mined silver from the market and is holding it in inventory. He encourages other mining companies to work together to pull back their silver for 30 days and see how the silver buyers respond to that.

U.S. Attorney Office, October 02, 2014

CHICAGO-In the first federal prosecution of its kind, a high-frequency trader was indicted for allegedly manipulating commodities futures prices and illegally profiting nearly $1.6 million as a result of trading orders he placed through CME Group and European futures markets in 2011. Jim Sinclair says that this is done every day in paper gold and silver and is the main tool of bearish manipulation. 

China Moves To Dominate Gold Market With Physical Exchange

Published in Market Update Precious Metals on 22 September 2014

By Mark O'Byrne

China is slowly moving to dominate the global gold market and it is important to join the dots regarding a few key recent developments in China relating to gold. When the International Board of the Shanghai Gold Exchange (SGE) was launched last Thursday September 18 during an evening trading session, it was notable that the first transactions were put through by a diverse group comprising HSBC, MKS (Switzerland), and the Chinese banks, ICBC, Bank of China and Bank of Communications...