Will competition between gold & dollar ever end?

Over the last few days, there has been a steady complementing studied between the gradual decline of Dollar and the correction of Gold rates. There has always been a debate regarding the inherent value of the two. The dollar has always been traded, compared and exchanged for and against Gold.

Gold is the evergreen king of the precious metal commodity and its trading has revered over changing streams of different eras. Since the abolishment of Bretton Woods System of IMF in 1971, Gold has been replaced with Dollar; due to this replacement many further effects has been triggered, adjustments and movements have been drawn, that reciprocate between the two.


READ MORE

Escape from Dodge

To those who say that Goldman Sachs is a bunch of lying, deceptive, greedy, cheating, backstabbing vipers, let me remind you that Goldman Sachs is just one small, dark, slimy corner of the world.

And I further say that you would probably dump a Big Stinking Load (BSL) in your underwear if you suddenly knew the extent of the unbelievable-but-true, deplorable, pandemic, grubby self-aggrandizement and sheer corruption that is always at its most repugnant extreme at the end of long monetary booms. Without exception.


READ MORE

Feds launch criminal probe of alleged JPMorgan silver market manipulation

The Department of Justice and the Commodity Futures Trading Commission have launched parallel criminal and civil investigations of JP Morgan Chase and its trading activity in the silver market, the New York Post reported Sunday.
Quoting unidentified sources, the Post reported, "The probes are centering on whether or not JP Morgan, a derivatives holder in precious metals, acted improperly to depress the price of silver."
In an interview with the Post last month, Maguire said, "JPMorgan acts as an agent for the Federal Reserve; they act to halt the rise of gold and silver against the U.S. dollar. JPMorgan is insulated from potential losses [on their short positions] by the Fed and/or the U.S. taxpayers."


READ MORE

Gold soars as central banks hedge

In dollar terms, traditionally used to express the metal’s value, gold is only 2% from its record high of $1,226 per ounce, reached in December 2009.
Ian Williams, the manager of the Way Charteris Gold fund, expects gold to rise from $1,200 to $1,500 over the next six months. Within a year, he says, it could easily rise to $1,700.

READ MORE

Secret Service: ATM Card Skimming 5 Times Higher This Year

ATM skimming is approaching a billion-dollar issue. ATM skimming is happening coast to coast and there seems to be no end in sight. Skimming devices have been found recently at ATMs at a Bank of America in Daytona Beach and one weekend last month people came and went from the automated teller machine outside a Chase Bank in Escondido, California. They slipped in their cards, took their money and left.

READ MORE

To Peg or Not to Peg? When will China revalue it's currency?

When a 10-ton elephant plods through a village of grass huts, the big question on everyone’s mind is: which way is he going to turn next? With China, that fundamental question translates to guessing when Beijing will make changes to the value of the yuan. These decisions will determine the overall direction of the global economy, and will set the path that everyone must follow. Unfortunately, no Americans, even those who travel hat-in-hand to China, have a seat at the table where these decisions are being made.

READ MORE

Global Financial Conflagration: The World of Fiat Money is Buckling under the Pressure of Unpayable Debts

America and the world face a financial conflagration of immense proportions. The world of fiat money and massive credit is buckling under the pressure of unpayable debt. Each day the safe haven of gold and silver related assets become more attractive. We ask where else do you go for safety? A conflagration is a fire out of control and that is exactly the conditions the world faces today. The inflationary depression has smoldered for 14 months and it will soon accelerate.

READ MORE