Gold smugglers adopting methods of drug couriers

SINGAPORE/MUMBAI: Gold smugglers are adopting the methods of drug couriers to sidestep a government crackdown on imports of the precious metal, stashing gold in imported vehicles and even using mules who swallow nuggets to try to get them past airport security. Stung by rules imposed this year to cut a high trade deficit and a […]

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Return the treasures Britain looted, Chinese tell Cameron

BEIJING: British Prime Minister David Cameron faced demands for the return of priceless artefacts looted from Beijing in the 19th century on Wednesday, the last day of his visit to China. Cameron travelled to the southwestern city of Chengdu on the third day of what embassy officials said was the largest ever British trade mission to […]

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US pledges to side with Japan in conflict with China

United States Vice President Joe Biden said during a tour of Asia on Tuesday that the US is “deeply concerned” about recent efforts by China to re-draw airspace surrounding a series of islands between Taiwan and Japan. The airspace in that area has traditionally been controlled by Japan, but claimed by the Chinese as well. […]

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Russell Napier: "We Are On The Eve Of A Deflationary Shock "

In the aftermath of Ray Dalio’s conversion to an inflationista earlier this year (even if he has since once again been pushing a deflationary agenda when he once again went long Treasurys inlate September [19]as Zero Hedge reported previously), which promptly got such permanent deflationists as David Rosenberg to change their multi-year tune, it seemed as if there […]

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Abe Support Falls Below 50% for First Time Amid Secrecy Push

Prime Minister Shinzo Abe’s public support dropped below 50 percent for the first time amid a campaign to strengthen Japan’s secrecy laws, a decline that risks eroding his political capital to enact economic reforms. The cabinet’s approval rating fell to 49 percent, according to a Nov. 30 to Dec. 1 survey by the Asahi newspaper, […]

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Is the gold price pulling on a string and about to snap back like in 1999 when it jumped 27% in two weeks?

This has been the first down year for gold in 13 years. Gold bugs are looking tired, drawn and poorer. What’s gone wrong for the precious metal? If you take the view from Mount Olympus then the gold price has suffered from a switch by global investors into the very old stock market rally and […]

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UK Royal Mint Working On Plans To Issue Gold-Backed Physical Bitcoins

The implicit, and ever more explicit, institutional acceptance of the dominant cryptocurrency Bitcoin (we say dominant because as we pointed out last week [6], there has been an unprecedented spike [7]of digital currencies one can pick and choose from) continues when following the surge in vendors willing to transact in BTC over Thanksgiving [6], the latest news comes from the birthplace […]

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Nobel Prize economist warns of U.S. stock market bubble

BERLIN (Reuters) – An American who won this year’s Nobel Prize for economics believes sharp rises in equity and property prices could lead to a dangerous financial bubble and may end badly, he told a German magazine. Robert Shiller, who won the esteemed award with two other Americans for research into market prices and asset […]

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Currency war feared after EU cuts rates

The euro slid by 1.5 per cent after the European Central Bank cut a key interest rate last week, saying it hoped to stimulate the economy and head off deflation. The U.S. is more than two years into a program of quantitative easing without a sign of tapering and now more countries are moving to […]

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