How much is ONE TRILLION?

January 13th, 2014 No comments

How much is one trillion

How much is one trillion? Just to put the US national debt which is $17 trillion and counting (not including unfunded liabilities) into perspective…

For more astounding figures visit - www.usdebtclock.org

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Happy 2014!

December 31st, 2013 No comments

Happy New Year

 

From all of us at Australian Bullion Company, we warmly wish you a Very Happy, Healthy & Prosperous New Year!

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US to export a record 750 tonnes of gold this year

December 19th, 2013 No comments

USA China Flags

 

 

 

 

 

 

 

 

 

 

 

 

 

If you want any more proof of the massive accumulation of gold this year by China then consider the latest US gold export figures. This will come as no surprise to precious metal traders or those in the industry who know only too well that world gold reserves are moving from the West to the East.

Total exports of US gold hit 573 tonnes in the first nine months of 2013, if you include the 157 tonnes listed in other categories as well as bullion, and that means around 750 tonnes will be the total for US gold exports this year.

Re-exports to China

In the first nine months of 2013 Hong Kong received 176 tonnes, Switzerland 131 tonnes and the UK 26 tonnes, according to the latest data from the USGS Gold Mineral Industry Surveys. Most of the gold sent to Switzerland and the UK was re-exported to China after refining into smaller bars.

How much gold China has bought in total in 2013 is a matter of considerable speculation in the gold industry. Lower estimates say 1,500 tonnes, upper estimates 4,000 tonnes, with the truth doubtless somewhere in the middle.

Why is China buying all this gold while the price is falling on global markets? Well some insiders say they are fixing the market to buy at a low price (click here). More likely China is experiencing a hyperinflation in local currency terms – with wage rises surging out of control and property prices on a tear – and gold is the obvious hedge against such inflation.

Chinese investors also have limited options in their domestic markets and have stayed away from stocks as inflation is smashing company profit margins. Bonds have also taken a pasting this year with interest rates surging to a 10-year high.

US to export a record 750 tonnes of gold this year

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When Money Is Corrupted – Hidden Secrets Of Money Ep 5

December 17th, 2013 No comments

Welcome to the 5th episode of Michael Maloney’s Hidden Secrets Of Money. In this instalment, we travel to Berlin and Frankfurt, where we were able to film the money museum inside the Bundesbank…one of the world’s largest Central Banks.

This episode serves as an ideal primer for those waking up to the monetary matrix around them, as it clearly shows the history of true money and why it so important to our freedom. The quality of a society is directly proportional to the quality of its money. Debase a currency for long enough, and you end up with dangerous deficits, debt driven disasters, and eventually…delusional dictators. History proves this to be true.

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In Gold We Trust: Physical Supply Never Been Tighter

December 11th, 2013 No comments

In Gold We Trust Cut

Alex Stanczyk, Chief Market Strategist for the Anglo Far East  group of companies recently returned from a trip to Switzerland where he confirmed that the distribution of gold from west to east is not slowing down whatsoever. Refineries in Switzerland are still working 24 hours a day to cast bars for china, sometimes having difficulty sourcing the gold…

“We met with the managing director of the largest refinery in Switzerland and spent about two hours talking to him. We learned some very interesting things. What’s going on in the gold market as far as the price, is I think very counter intuitive. Everybody understands, knows and believes the price should be higher than it is, but it isn’t. There’s confusion in the marketplace, and there are two reactions; the reaction in the west is fear, confusion and uncertainty; the reaction in the east is buying.”

 He indicated the price didn’t make sense because he has got so much fabrication demand. They put on three shifts, they’re working 24 hours a day and originally he thought that would wind down at some point. Well, they’ve been doing it all year. Every time he thinks it’s going to slow down, he gets more orders, more orders, more orders. They have expanded the plant to where it almost doubles their capacity. 70 % of their kilobar fabrication is going to China, at a pace of 10 tons a week. That’s from one refinery, now remember there are 4 of these big ones [refineries] in Switzerland.

…At this Swiss refinery there have been several times this year on which they were unable to source gold, this shocked me. They’re bringing in good delivery bars, scrap and dore from the mines, basically all they can get their hands on. This gentleman has been in the business for 37 years, he was there during the last bull market in the late seventies. I asked him when was the last time this has happened, that he was unable to source gold, he said never. And I clarified it, I asked: let me make sure if I understand what you’re saying to me, in the last 37 years you’ve worked in the gold industry this has never happened? He said: this has never happened.”

In Gold We Trust: Physical Supply Never Been Tighter

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Bullion smuggling outstrips narcotics to feed India’s gold habit

December 11th, 2013 No comments

Indian Jewellery Shop

“Indian 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 record duty on imports, dealers and individual customers are fanning out across Asia to buy gold and sneak it back into the country.

In a sign of the times, whistleblowers who help bust illegal gold shipments can get a bigger reward in India than those who help catch cocaine and heroin smugglers.

From travellers laden head-to-toe in jewellery to passengers who conceal carbon-wrapped gold pieces in their bodies – in the mistaken belief that metal detectors will not be set off – Indians are smuggling in more bullion than ever, government officials say, driven by the country’s insatiable demand for the metal.

Grappling with a high trade deficit and weak currency, India imposed measures this year to crimp demand for gold, the second most expensive item on its import bill after oil. It imposed a 10-percent duty on bullion and a 15-percent tariff on jewellery. Imports plunged to 24 tonnes in October from a record 162 tonnes in May.

Gold is an integral part of Indian culture, offered at weddings and festivals. India was the world’s biggest gold consumer until last year but will be overtaken by china in 2013.”

Bullion smuggling outstrips narcotics to feed India’s gold habit

If Indians want their gold, they will have their gold. You can’t break thousands of years of tradition and culture because of the whims of a few bureaucrats.

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Time for Goldbugs to admit defeat?

December 4th, 2013 No comments

 

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Physical Gold stocks are migrating from western investment hands to eastern consumers

December 3rd, 2013 No comments

 

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Weak Gold Prices an Opportunity of a Lifetime for Contrarian Investors?

November 29th, 2013 No comments

Stockcharts

Given the recent further weakness in the price of gold bullion, should investors be running for the exit doors? Some well-known “gold bugs” have recently turned bearish on the precious metal. But I’m on the opposite side of the spectrum; I see the pullback in gold prices as an opportunity of a lifetime for contrarian investors.

The gold bullion price chart below shows the long-term trend in gold bullion is still intact. Since 2001, the precious metal’s price has marched higher. Note there have been many pullbacks along the way, but in all cases, gold bullion prices recovered and moved higher after their pullback. And I believe we will see gold prices recover again from their current price correction.

From a fundamental point of view, demand for the precious metal remains robust. Many central banks have become net buyers of gold bullion over the last couple of years, and consumer buying in gold is very strong. So the question is: with so much negativity towards the precious metal, have we reached peak pessimism on gold bullion?

Just yesterday, Bloomberg ran a story saying hedge fund manager John Paulson would not be investing more of his own money in his gold fund at this time “because it’s not clear when inflation will accelerate.” (Source: Bloomberg, November 25, 2013.)

While investors seem to have turned very bearish on gold bullion, I see it as a bullish sign. If history has taught us one thing, it’s that when there’s increasing pessimism on any investment, a bottom is usually not far away.

So far this year, gold prices have fallen about 30% while the S&P 500 is up about 30%. I can’t see how this trend will continue in an environment where stock prices seem to be rising on nothing else but easy monetary policy. My wager is that in the years ahead, we will look back at 2013 and say, “What a great year that was to buy gold-related investments.”

Weak Gold Prices an Opportunity of a Lifetime for Contrarian Investors

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How China is taking over the world, one gold bar at a time

November 25th, 2013 No comments

Fantastic Infograph by the Real Asset Co. Read more here : How China is taking over the world one gold bar at a time

china-gold-history-infographic

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