| The Fix Gets Sixed! |
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Following the many headlines in Europe (especially Germany) that virtually every ounce of actual gold vaulted by Western central banks has been sliced and diced many times over, and that the rigging of the metals 'markets' is a bigger scandal than the LIBOR fiasco, the 117 year old institution known as The London Silver Fix announced last week that their scheme will end this summer. Apparently, there's not a single bid for the seat at the London price 'fixing' table offered up by Europe's most levered bank, so rather than go down with the ship, Deustche Bank has decided to jump. Will this announcement lead to a similar shuttering of the gold fix? We shall see. The reality is that the world is shedding paper for physical; lead by record sales of silver maples at our own Canadian Mint, and by large premiums on contracts in Shanghai where the contract pricing is in backwardation to June 2015! The almost-free price of physical silver cannot and will not last much longer, especially in light of a proxy war between Eastern and Western powers where China and Russia are making all the right bets with their golden cards. My suggestion is to take advantage now of these artificial prices and position into the one form of money that is unencumbered, free of counter-party risk, and that has stored wealth for 6,000 years, before its too late. Please contact me for the very best pricing and discreet, informed service. Cheers!
The London Silver Fix Is Officially Dead
Following a crackdown on precious metal manipulation by various European regulators, which led to the shocking outcome that Deutsche Bank would pull out of the London gold and silver fixing committees, the London Silver Market Fixing company ended up with a most curious outcome: it would have just two members: HSBC and Bank of Nova Scotia. And, as an even more shocking result, overnight the London Silver Fix announced that after August 14, 2014 it will no longer exist - the first of many victories for all those who have fought for fair and unmanipulated precious metal markets.
As Russia Dumps US Treasurys, Here Is What It Is Buying
The Russian central bank has again increased its gold reserves by another 900,000 ounces worth $1.17 billion in April. Russian holdings of U.S. Treasuries fell very sharp, by nearly $50 billion, between October and March 2014 or nearly a third of Russia's total holdings. Over half of the plunge came in March, when $26 billion was liquidated as western sanctions were imposed.
What is Your's Ain't Yours
David Cameron has come out and argued that Taxes will rise unless he can raid bank accounts in the UK. Cameron argues he will "have to put up taxes" unless tax officials are given draconian powers to raid people's bank accounts IF they think they even owe money. Trust me - all politicians share ideas. If I said I was going to punch you in the face,would you stand there or act in anticipation like move or fight back?
An Open Letter to the Good People of Switzerland
I hate to be the bearer of bad news, Switzerland, but what you suspected all along is actually true. Your gold is gone. All of it. Leased and sold away by your central bankers and politicians. As recently as 1996, the Swiss Franc was considered "good as gold". Why was this the case? Since the early 20th century, the Swiss Franc had offered a reserve backing of gold. This uniquely sound currency had given the country of Switzerland considerable financial power and independence, yet, at the urging of their politicians and central bankers, the Swiss willingly forfeited this enviable position.
Gold Price Manipulation Goes Mainstream On German TV
Twice a day, a handful of bankers confer on the phone to fix the daily price of the precious metal. Thus arises the most important reference value for physical gold, used by businesses ranging from jewellers to gold mines. There is no public oversight for the "Fixing". We have a situation where this market is dominated by three essential players, three banks, in the USA. These banks have a market share on the order of 80 percent. In other words, we are talking about an almost monopolistic structure which of course also provides the power to manipulate the market.
Happy To Help ..
The incredible paper price attacks of this past year are the very best signal you'll ever get that the coming financial hurricane is closer than ever, and that physical silver an gold ownership is an absolute necessity. We currently have a healthy supply of gold and silver products, in all shapes and sizes. Please contact me for the very best pricing and discreet, informed service.
Are Russia and China About To Announce The End Of The US Dollar Era?
Until 2014 tales of dollar collapse seemed to be for conspiracy nuts, as geopolitics only faintly reflected this seeming reality. This year, that all has changed. It seems nation-states the world over are making moves towards a post-US Dollar world. It is not a matter of "if," but "when," and if you don't understand this coming-to-pass you will be in for quite the shock...and awe.
Russia Set To Build Eight Nuclear Power Plants In Iran
To be sure, the Eurasian crescent of Russia and China would be made all that much stronger if the two nations had a toehold on the Straits of Hormuz, and were able to shut traffic - either tanker or military, with the US Fifth Fleet located in Bahrain - into the Gulf at their bidding. Which is why it was not surprising that not even 24 hours after Russia and China announced the "holy grail" energy deal, that RIA reported Russia is already preparing to lock in the Tehran regime with a deal to build not one but 8 (!) more nuclear power plants in the country.
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Sovereign Exchange International Ltd.
Steven Merrill, President
www.sovereignize.net
phone:
778.835.7667
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Engage a Rich New Audience; Reconcile to your Private Account; Settle for Metal at Any Time. The Sovereign Exchange was founded by Steven Merrill and a small network of individuals from across British Columbia with a vision to embrace Austrian economic principles and provide a sound and stable payment facility than be trusted for commerce and used to store wealth.
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