The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label yield. Show all posts
Showing posts with label yield. Show all posts

Friday, February 3, 2017

Gold demand soaring to four year highs across the world as central banks and individuals pile into metals

There were a number of different stories published this week that validate why gold demand is not only increasing, but hitting four year highs as currency and economic fears push both central banks and individuals into the precious metals.


China's demand for gold can't be met
A couple of weeks ago, I was in Toronto meeting with gold industry experts. One night, I spoke with a man who has been in the gold business for over 45 years.
For over four decades, this man has bought and sold gold. He has bought and sold gold mining shares. He has bought and sold gold mines. During this time, he has also worked with the Chinese government, Chinese industry and Chinese investors. He knows a few things about gold, and about Chinese gold. 
Here’s what he said to me: “I’ve seen estimates out of China that over 375 million Chinese want to buy gold. But they can’t. They live in the remote interior of the country, not the more open, coastal cities. These Chinese have little or no access to gold markets. And even if they did have access, there’s not enough gold.” 
The man explained that any Chinese with means and access is buying gold. He told me that just the Shanghai Gold Exchange has over 10 million customers. 10 million separate, account-holding customers. Just for gold. - Daily Reckoning
Gold demand rose 2% in 2016 according to World Gold Council
The Brexit vote and the election of Donald Trump drove global demand for gold to a four-year high in 2016, as pension funds and other institutional investors piled into the precious metal while higher prices put consumers off jewellery purchases. 
Global gold demand rose 2% last year to reach 4,309 tonnes, the highest level since 2013, according to a report from the World Gold Council, which represents gold miners. - The Guardian
Gold price continues to climb following inaction by the Fed
Gold hit an 11-week high on Thursday after the U.S. Fed eral Reserve gave no clear signal on the likelihood of a March interest rate increase in its latest statement, prompting another drop in the dollar. 
The U.S. currency slipped to a 12-week low against a basket of currencies and an eight-week low versus the euro after the U.S. central bank gave an upbeat view on the economy, but no hint of accelerating rate hikes. Spot gold struck its highest level since Nov. 17 at $1,225.30 an ounce, and was up 0.9% at $1,219.96. - Fortune
Gold backed bank deposit accounts in Turkey skyrocket
The price of gold, considered a safe haven in investments, has broken records one after another since last year, while the number of precious metal deposit accounts kept in banks are on a rise in parallel with President Recep Tayyip Erdoğan's call on people to convert their foreign exchange savings into gold or Turkish lira in an attempt to help boost the value of the Turkish lira. Having broken successive records since last year, gold became one of the favorite investment instruments in 2016 again. 
According to Banking Regulation and Supervision Agency (BDDK) data, gold deposit accounts in banks soared to TL 16.964 billion ($4.54 billion) at the end of 2016 from TL 10.624 billion at the end of 2015. As far as the last one year's transactions are concerned, this figure corresponds to 51.6 tons of gold, based on the average gold price of TL 122 per gram. 
A total of TL 15.922 billion worth of gold deposit accounts belonged to natural entities, while TL 1.042 billion worth of them belonged to commercial institutions and others in 2016. - Daily Sabah
As more and more individuals, pension funds, hedge funds, and investors come to the realization that historic asset classes like bonds, currencies, and real estate no longer provide sufficient yield for the risk involved, it would only take 1% of the money currently dedicated to these assets to completely wipe out gold and silver supplies, and create the environment where gold no longer has a definable value since it will become priceless.


Tuesday, September 20, 2016

India's newest attack on gold involves raising taxes on precious metals

Two years ago, the Indian government implemented a tariff on gold importation in an attempt to slow down the massive buying of the precious metal by their people and institutions.  And the blowback from this was a large increase in smuggling since the buying of gold is a deep cultural practice for the Indian people going back thousands of years.

Then the government decided to create a scheme in which individuals and even religious orders should 'lend' their gold to the banking system in exchange for a modicum return of interest.  But the result of this has been negligible as nary a ton of gold has been offered to the banks in exchange for yield.

Now on Sept. 16, the Indian government is proposing a new tax increase on gold and other precious metals in what they call a way to keep from having raise the tax rate on other discretionary and necessary consumer goods.

The Indian government plans a proposal that includes a major increase in the tax on gold and other precious metals so as to give the GST (Goods and Services Tax) Council leeway to keep the proposed nationwide tax below 20%, reports The Hindu as quoted by Gem Konnect. 
The proposal is based on the recommendations of last year’s panel headed by Chief Economic Advisor Arvind Subramanian. The panel had suggested taxing gold and other precious metals at rates ranging between 2%-6%. 
Precious metals are currently taxed at between 1%-1.6%. Meanwhile, about 70% of goods and services get taxed at an average rate of 27% by state governments. To protect their revenues, states have sought that the proposed standard GST rate be fixed at 20%. - Israeli Diamond Industry

Tuesday, June 28, 2016

Former Fed Chairman Alan Greenspan says if we went back to a gold standard, the global monetary system would be fine

There is a new adage based off an old one that goes, in the land of negative interest rates, the one without yield is king.  This of course is a reference to our ongoing global fiat currency system that is now at $10 trillion in negative yields and counting, versus gold which intrinsically has no yield unto itself, but protects wealth by never losing purchasing power despite inflation or deflation.

And with the world's central banks at a nexus where they no longer have any options or solutions to stave off an oncoming liquidity and financial crisis, the architect of this system is changing his tune and advocating that the ONLY real solution, and answer to the world's monetary problems is a return to a gold standard.

Former Fed Chairman Alan Greenspan: "If we went back on the gold standard and we adhered to the actual structure of the gold standard as it exited prior to 1913, we'd be fine.  Remember that the period 1870 to 1913 was one of the most aggressive periods economically that we've had in the United States, and that was a golden period of the gold standard.  I'm known as a gold bug and everyone laughs at me, but why do central banks own gold now?" - Zerohedge