Interview With James Rickards: China Planning to Displace Dollar

Epoch Times: Mr. Rickards, in our last interview (Part 1, Part 2), we talked about gold and why it should rally. You also said the Chinese are behind buying a lot of physical … James Rickards: I met with the largest gold refinery in the world, the head of precious metals operations. He’s recently expanded his own capacity; […]

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Wave Goodbye To Europe's Sterilized Monetization: Welcome "Unsterilization"

Nearly two months ago [11], when we commented on the recent string of unprecedented failures by the ECB to sterilize its legacy bond buying operation, the SMP, we commented that “judging by the feverish pace of purchases of every peripheral bond available, is this merely just another indication how little the ECB cares about sterilization, and is just […]

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Gold luring stock market investors: Safe haven or a hedge?

NEW DELHI: Call it the great low-price trick of the investing world, but gold is defying naysayers. Yes, it’s glittering again, and experts say we seem to have missed out on that positive. “What has happened, and what we did not capture over the last few weeks is that gradually gold and sliver have climbed […]

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Bank Of America Warns "The US Dollar Is In Trouble"

Global financial and commodity markets are warning that the US Dollar is in for a bout of trouble, warns BofAML’s Macneil Curry. Across asset classes, Curry points out that Gold was the first to make its low against the US Dollar, doing so back on Dec-15. The second market to turn against the US Dollar was US Treasuries, […]

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Turkey in eye of emerging market storm as everything goes wrong at once

Turkey’s finance minister knows his country is in the cross-hairs as the US and China tighten the liquidity spigot, viewed by many as the most vulnerable of the big emerging market states, and potentially the detonator of a broader global crisis. Mehmet Şimşek is a poacher turned game-keeper. He used to work for Merrill Lynch […]

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Hedge Funds Raise Gold Bull Bets as Paulson Holds: Commodities

Hedge funds raised bullish gold wagers to a three-month high as signs of slowing U.S. economic growth spurred demand for haven assets. Billionaire John Paulson maintained his bullion holdings last quarter. The net-long position climbed 17 percent to 69,291 futures and options in the week ended Feb. 11, U.S. Commodity Futures Trading Commission data show. Long wagers rose […]

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Gold Rises to 3-Month High on Haven Demand as Silver Extends Run

Gold advanced to the highest level in more than three months as speculation the U.S. economic recovery will slow spurred demand for a haven. Silver headed for the longest run of gains since at least 1968. Bullion climbed 4.1 percent last week, the most since the period ended Aug. 16. U.S. factory production unexpectedly declined […]

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$2.7 million-worth of Bitcoin stolen as successor to dark web market place Silk Road is hacked

Silk Road 2.0 has been reportedly hacked by attackers who made off with nearly $2.7million in bitcoin – the online marketplace’s entire holdings. The trading site is a reincarnation of Silk Road, the online black market that was dramatically shut down last year following a high-profile FBI sting. But today the site’s administrator, Defcon, revealed […]

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Gold Soars After 200 DMA Breach, As ETFs Finally Resume Buying

Recall what we said first thing this week [4]when we remarked the latest surge in Chinese physical gold buying: “As we have said before: keep an eye on the “gold holdings” of the GLD and other US paper gold ETFs, whose drop in holdings for now has offset Chinese accumulation on the margin. Once GLD gold holdings solidly […]

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China Could Use Gold To Internationalise Yuan

Concerns about high debt and an overvalued currency have driven gold imports into China, according to Lombard Street Research. Lombard added that Chinese authorities could be preparing to use gold in a plan to make the yuan an international currency. China has made progress with the yuan in recent years. The currency – also known […]

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