Category Archive: 6a) Gold and its Price
Is It Safe To Travel To Europe?
In recent months, more and more of our clients and friends from overseas are asking us whether it is safe to travel to Europe. These fears are understandable, given the media coverage of the tragic events that occurred this year. The press painted a sinister and truly graphic picture of Europe as a war zone, as a target of global terrorism.
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Secret Swiss Military Bunkers Filled With Gold: Alternatives To Bank Deposits
For decades, Switzerland had a reputation for bank secrecy that made it the most sought after tax haven for billionaires from around the globe. But, after more than 80 years of secrecy, a series of bilateral agreements with countries around the world, including Americaβs Foreign Account Tax Compliance Act (FATCA), have forced the private-banking industry in Switzerland to embrace an entirely new era of transparency that requires a full exchange of...
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Secret Alpine gold vaults are the new Swiss bank accounts
Deep in the Swiss Alps, next to an old airstrip suitable for landing Gulfstream and Falcon jets, is a vast bunker that holds what may be one of the worldβs largest stashes of gold. The entrance, protected by a guard in a bulletproof vest, is a small metal door set into a granite mountain face at the end of a narrow country lane. Behind two farther doors sits a 3.5-ton metal portal that opens only after a code is entered and an iris scan and a...
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The Undemocratic Nature of TTIP
Mounting Resistance Thousands of people recently demonstrated in Brussels against free trade deals negotiated by the EU. This happened just days before a meeting of EU trade ministers in Bratislava last Friday, which was considered the last push to salvage the Transatlantic Trade and Investment Partnership (TTIP) between the EU and the United States.
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Crimea: Digging For The Truth
This summer witnessed a renewed escalation between Russia and Ukraine after Russian President Vladimir Putin accused Ukraine of sending saboteurs to attack Russian troops, targeting βcritical infrastructureβ. Kiev denied the allegations and claimed Russiaβs βfantasyβ was nothing but a false pretense to launch a βnew invasionβ.
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Gold Withdrawals From The NY Fed Accelerate, Hit 388 Tons Since 2014
First it was Germany who redeemed 120 tons of physical gold from the NY Fed in 2014; then it was the Netherlands who "secretly" redomiciled 122 tons of gold; then last May, we learned that Austria would be the third "core" European nation to repatriate most of its offshore gold, held primarily in the Bank of England, redepositing it in Vienna and Switzerland.
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Loose Monetary Policy and Social Inequality
It has been almost eight years since former U.S. President George W. Bush warned the world that βwithout immediate action by Congress, America could slip into a financial panic and a distressing scenario would unfold.β The governmentβs response to the crisis was a USD700 billion rescue package that was supposed to prevent U.S. banks from collapsing and encourage them to resume lending, which was soon to be followed by a series of Quantitative...
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