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?

Saturday, December 3, 2016

December Web bot report forecasts new round of banker deaths as pedophilia and Pizzagate publicly explodes in 2017

The Web Bot project is a computer algorithm created and run by a gentleman named Cliff High, and has proven to be an effective forecaster of future events based on the emotional, spiritual, and logical language from people around the world through their internet communications.

In regards to recent forecasts that were accurately determined, the Web Bots predicted an easy victory for Donald Trump in the 2016 Presidential election while the March Web Bot report forecasted a divergence beginning in gold pricing between London and Shanghai that would take place around November.

And if anyone has been reading articles posted here at the Daily Economist over the past month on the spreads for gold prices, you would see that this forecast on gold by the Web Bots was dead on.

Which brings us to an interesting new prediction that is coming out of the December Web Bot Report, and it entails the growing scandal that the media is attempting to cover up at all costs.  That scandal of course is known as Pizzagate, and it relates to the revelations discovered in the Podesta emails of a worldwide pedophilia ring that encompasses all aspects of the global elite.

Image result for pizzagate

Web Bot Summary for December 2016:
In the bonds subset, the sets are denoting a giant amount of chatter around the subject globally.  There are a number of geographic centers in the forecast globally that are all Western power centers, however there are also sets clustering around Saudi Arabia, Russia, and many Asian nations. 
There are also more sets accruing for the bonds and crisis globally set. 
Other far more lasting social changes are forecast to be 'bitch slapping' the dollar as the deflationary event of early 2017 slows, and as the pedophilia rings of the upper echelons of finance and banking will be reeling the #pizzagate scandal, as it rolls on and over many of the world's most powerful money people. 
The data sets are forecasting that another suicide wave will be visible over December and January as there is a hurried attempt to stop or block off the trails to power.
Image result for banker deaths

Keep in mind that the Web Bots massively nailed the banker suicide phenomenon that occurred a few years ago.

Sammy Davis Jr. with Anton LaVey, the head of the Church of Satan - a powerful organization that put a "Hollywood" facade on hardcore Satanism.

Sammy Davis Jr. and Satanist Anton LaVey

It is difficult for most people to wrap their heads around the idea that a global consortium of elite could be involved in a massive pedophilia and ritualistic program that has been happening for decades if not centuries in the Western world.  But all one needs to do is remember the scandals that broke out just in the last decade about the widespread pedophilia among Catholic priests that went on for decades and you realize that the Vatican itself is considered one of the centers of the world elites, and many even in power today had associations with satanic influences such as Anton LaVey.

The revelations concerning bankers, politicians, and other members of the elite involved in pedophilia and child sacrifice are just now being discovered, and the veil of secrecy is slowly being torn down using the very emails of those intrinsically involved in these horrific activities.  And just as it appears that the powers that be may have decided to keep Hillary Clinton from getting into the Presidency out of fear of what else might be revealed regarding Pizzagate, the chances of even more murders, 'suicides', and the cutting off of loose ends may soon be coming according to the Web Bots as the scandal of the new century gets more legs and finds more investigations erupting.

Demand for gold in the U.S., China, and India on fire as lack of trust in currencies signal a new coming crisis

In just the past month, and especially since the Nov. 8 Presidential election, the demand for gold throughout the world has increased at a rapid pace.

We have already documented the intense scramble for gold in India over the past three weeks as Prime Minister Modi began implementing the banning of some cash, and the institution of capital controls. But even with the selling off of gold in the Western paper markets that has seen the spot price drop by more than $200 in the past four weeks, it has done nothing to effect the physical gold markets where premiums have spiked to three year highs, and where a record number of U.S. gold eagles have been sold just in November by the U.S. Mint.


Graphic courtesy of SRS Rocco Report
Investment demand for Gold Eagles surged during the last day in November pushing sales to a new monthly record.  Not only did Gold Eagle sales for November reach a new record high for the year, it surpassed sales during the same month last year by 52%. 
It seems as if investors are once again taking advantage of lower gold prices.  I had planned to publish the article on Wednesday (last day of the month) showing that November sales hit a new record high, but the U.S. Mint updated their figures yesterday reporting another 20,000 Gold Eagles oz were sold on the 30th. 
So, as of Nov 29th, the U.S. Mint Gold Eagle sales reached a new high for the year of 127,500 oz.  Then they sold another stunning 20,000 oz in one day for a total of 147,500 Gold Eagle oz for November: - SRS Rocco Report
Over in China the process to exchange dollars for gold has shifted into high gear as the country that runs the world's largest physical gold market dumped hundreds of billions of dollars worth of Treasury reserves and used them to import nearly 1,000 tons of gold in just in the last quarter.  And premiums at the Shanghai Gold Exchange have soared to well over $30 per ounce as seen by the spread enacted between the Shanghai and London AM/PM price fixes.

While paper gold traders can't seem to dump the precious metal fast enough, physical gold demand is soaring around the world. India retail premiums are spiking (amid demonetization), local China premiums soar to a 3-year-high (as capital controls loom), and coin sales from the US Mint have risen for the 4th straight month, accelerating post-election to the highest since July 2015 since Trump's victory at the election. 
Following the initial panic-buying across India after Modi's demonetization effort shook the nation's faith in fiat currency (sending local gold premiums soaring), news of reported gold import curbs in China (and looming capital controls) has sent gold premiums in China near three-year highs amid limited supply of the precious metal (as Reuters reports)... 
The import curbs may be part of China's efforts to limit outflows of the yuan after the currency's slide to its weakest in more than eight years, traders say. China allows only 15 banks to import gold, including three foreign lenders. 
"There is severe restriction on the banks' quota to import gold into China. Each one of them have to justify their need," a Hong Kong-based banker said.
Gold was sold in China at about $24 an ounce above the international spot benchmark this week. Premiums went as high as $30 last week, the most since January 2014, according to Thomson Reuters data. - Zerohedge
When a market or sovereign government manipulates the price of a commodity, security, or equity contrary to the demand of that asset, the end result is always the same... a run on those assets similar to the way a populace would rush to clean out a grocery store in the advent of a natural disaster.  And as nearly all global currencies start to be rejected by their people in lieu of this year's concerted efforts to ban or restrict the use of cash, the worldwide run on gold appears now to be in full swing, and only 1% of the global population is aware of it.

Thursday, December 1, 2016

The difference between London paper price and Shanghai physical price now expanded to $32

As the dollar continues to stay above 101 on the index, the spot price of gold continues to get crushed in the Western paper markets.  In fact, ever since Nov. 9 when Donald Trump was declared to become the next President of the United States, gold has fallen over $200 despite increased demand in places like India, Russia, and Vietnam.

But starting back in April, London was no longer the only entity setting a daily price 'fix' for gold as the Shanghai Gold Exchange officially began its own price fix earlier this year to manage the trading of the precious metal during periods when both Europe and the U.S. were closed.

And for the rest of spring and well into summer, the spread between the two markets stayed relatively the same, with the London fix and the Shanghai fix only diverging by perhaps a dollar or two on any given day.  But over the past three weeks this has now changed as the spread between the Western paper market and the Eastern physical one has climbed to a massive $32 difference in the fix price.




Shanghai PM Gold Fix - Dec. 1, 2016


London AM Gold Fix - Dec. 1, 2016


As you can see from the price, the spread has now reached just under $32 per ounce difference.

If the spread continues to widen even further then it will open up two potentially lethal events for the LBMA and the COMEX.  First, it will cause miners who normally sell their gold production through these commodity exchanges to instead find it much more profitable to ship their metal to China and sell it on the SGE.  And secondly, the potential for a massive arbitrage will come into play where one or more big investors will buy up all the gold futures contracts and demand physical delivery at the lower paper price, which they will then sell their gold over in China and pocket the difference as profit.

For decades now the Western gold futures markets have been a vehicle in which central banks and the U.S. Treasury have manipulated gold prices in a scheme used to protect the dollar, especially during this era of massive money printing and zero percent interest rates.  But now that China has taken over as the world's largest physical gold market, more and more they are coming to set their own price for the metal, and it should not be too long before they officially wrest that authority away from both London and New York.

Tuesday, November 29, 2016

Donald Trump interviewing a potential Treasury Secretary who advocates gold standard and ending the Fed

If there is one thing you can say about President-Elect Donald Trump so far is that he has been very thorough in interviewing candidates for his administration.  From appointing a loyal supporter like Dr. Ben Carson to the position of Director of HUD while at the same time dumping former loyalist Chris Christie, to being willing to listen to and talk with a staunch adversary like Mitt Romney, to date Trump is sticking to his word in trying to finding the best person for the job no matter what side of the aisle they are on.

Yet one cabinet position remaining to be filled in his administration has seen as much contention as that of Secretary of State.  And so far the only real candidates interviewed have been those from the establishment, and tied to the banking cabal that are at the core of Washington's elite swamp.

Until now.

On Nov. 28 Donald Trump met with the former CEO of BB&T to perhaps discuss his potential to become the next Secretary of the Treasury.  And what makes John Allison unique is that as opposed to a banker from Goldman Sachs or J.P. Morgan who would strive to keep the status quo, Allison is a staunch advocate of returning the monetary system to a gold standard, and eliminating the Federal Reserve as the country's money printer.

On Monday, Trump will meet with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute. 
There have been reports that Allison is being considered for Treasury secretary.
Trump's has on the campaign trail questioned the future of the Federal Reserve's political independence, but Allison takes that rhetoric a step further. While running the the Cato Institute, Allison wrote a paper in support of abolishing the Fed. 
"I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed," Allison wrote in 2014 for the Cato Journal, a publication of the institute. 
Allison said that simply allowing the market to regulate itself would be preferable to the Fed harming the stability of the financial system. 
"When the Fed is radically changing the money supply, distorting interest rates, and over-regulating the financial sector, it makes rational economic calculation difficult," Allison wrote. "Markets do form bubbles, but the Fed makes them worse." 
Allison also suggested that the government's practice of insuring bank deposits up to $250,000 should be abolished and the US should go back to a banking system backed by "a market standard such as gold." - Business Insider
What makes John Allison different than the string of too big to fail bank executives that have proliferated the office of the Treasury over the last several administrations is that BB&T is considered to be a mid-size regional bank, and not among the protected financial oligarchies that have a history of fraud and corruption, and who are reliant upon the expansion of cheap credit from the Fed to be able to continue running their criminal schemes.

With both Russia and China very open to a return to some form of a gold standard in international trade or reserve currency standard, the confirmation of a pro-gold standard Secretary of the Treasury would go a long way in helping Donald Trump to negotiate a currency reset to deal with the untenable debt that both the U.S. and most of the world are being suffocated under.  And this would also mean that the gold price would finally be released to climb to its true value, as the supply of metal would need to be valued much much higher to backstop the amount of currency and debt that are currently floating around the global financial system.

Monday, November 28, 2016

Newest banker scheme: tax on withdrawing money from your bank accounts

Despite the fact that taxpayers bailed out banks in the U.S. and around the world following the 2008 financial crisis, the 'masters of the monetary universe' did little to show appreciation for the people that saved them from bankruptcy due to their own greed and corruption.  And even with the ability now to borrow money from central bank discount windows at or near zero percent interest, a large number of banks chose to impose new fees on their customers under the guise of re-capitalization.

Ironically, when companies impose a charge on individuals for a service it is known as a fee, but when a government does the same it is instead called a tax.  And that is exactly what India, Greece, and perhaps soon even the United States is, or is planning to do, for people who choose to withdrawal cash out of their bank accounts in the future rather than using digital constructs to perform commerce.

war-on-cash
Greek banks have proposed a series of measures to combat tax evasion, strengthen the electronic transactions and limit the use of cash in the economy, and as KeepTalkingGreece.com reports, one of the measures proposed is a special tax on cash withdrawals. 
Bankers reportedly stress that cash money can easily and largely be channeled in the black economy. Therefore, a tax on cash withdrawals will drastically reduce cash transactions and by extension the black economy. 
The bankers suggest that also credit and debit cards as wells as new technologies enabling cash-less transactions even for small amounts  and mobile phones can be used for the purchase of a transport ticket or a newspaper at the kiosk. 
The bankers proposal to the government also includes: 
-Mandatory use of cards or other electronic payment networks for every transaction with professions where there is strong evidence of tax evasion or where cash is mainly used [ like bakeries, kiosks, street vendors and chestnut sellers?]. 
-Mandatory use of cards or electronic networks for transactions above a certain amount [this measure is already in effect]. 
-Reforming the tax system by introducing a revenue-expenditure system. Households or professionals will only be taxed on the amount of income that is has not been spent. In this way, households and professionals will have a strong incentive to seek receipts for any expenditure in order to increase their expenditure and reduce the tax amount they will have to pay. 
-Obligation for all businesses and regardless of their size to pay electronically every salary and wage. (source: Kathimerini via Liberal.gr) - Zerohedge
Over in India, Prime Minister Modi has already implemented a 45% transaction tax on deposits that the government arbitrarily believes come from illegal or 'black market' commerce.  And these two countries (India and Greece) are not the only nations with plans to impose a tax on cash withdrawals as this has been in the works for a few years in the halls of the Fed and Congress.

Greece is the first country to push for a carry tax on physical cash. It won’t be the last. This policy has been floating around in Central Banking circles for years. The fact that it’s now being openly promoted only proves how desperate the elites are getting about the state of the financial system. 
Watch, the moment things turn south in the US in a big way, similar proposals will start cropping up here too.

Sunday, November 27, 2016

Spread between London paper gold price and Shanghai physical price now at $15

Over the past 35 days the spread between the daily AM and PM gold price fixes set in London and in Shanghai have steadily moved apart as the physical markets in China break away from the prices set in the Western paper markets.

Back in late October we began to see the difference in price grow to around $5, with the spread then moving to a difference of $7 just two weeks later.  But with the London and Comex paper markets crushing the paper spot price back under $1200 per ounce since the Presidential elections on Nov. 8, the physical markets in Shanghai have not seen fit to accept these prices based on the actual rising demand in their own exchanges, and are reflecting it in price as the spread on Nov. 25 is now a whopping $15 difference.

The gold premium on the Shanghai Gold Exchange soared as high as $30 Thursday before easing back to a still historically high level of around $15 on Friday, reports MKS (Switzerland) S.A. On Thursday, the “feature of the day was the SGE premium, which rose to an amazing $30 over the loco London gold price, the loftiest levels seen since 2013,” says Sam Laughlin, precious-metals trader with MKS. “The difference between then and now, however, is now the high premium seems to be more a factor of a supply shortage in mainland China as opposed to outright demand. As a result, despite the high premiums this week, the turnover has not been anything enormous.” The premium fell by roughly half on Friday, he continues. “While still elevated, we did some fatigue creeping into the Shanghai premium today, 'easing' to around $15 relative to loco London gold.” - Kitco
London Gold Fix, November 25, 2016

Shanghai Gold Exchange Gold Fix, November 25, 2016

As central and bullion banks in the West continue to beat down the price of gold in their paper derivative markets, the spread between the Asian physical and Western paper gold prices will continue to widen.  And at a certain point, producers of gold will find it much more profitable to simply ship their metals directly to China rather than to continue to supply the Comex or LBMA, who's manipulation of the spot price using 100's of naked short contracts no longer reflects the true price of the precious metal.

Friday, November 25, 2016

Indian government seeks to expand war on cash to also include a war on gold as the death of fiat money becomes a global phenomenon

In India's move to end what they call 'black market' transactions by eliminating their two highest denominated currency notes, Prime Minister Modi is quickly discovering the folly of attempting to mess with the nation's money, and a system that has functioned outside of banking systems for decades.  And even as Modi's new measures of trying to force upwards of 1.3 billion people to turn in their now non-legal tender notes in exchange for a new currency has so far been a huge failure, the leader of India is now seeking to double down on capital controls and expand the war on cash to also a new war on gold.

As Bloomberg reports, the Indian government had observed a declining trend in exchange of old notes over the counter, according to a statement from the state-run Press Information Bureau. 
And so the decision to end OTC exchange of notes was to encourage people to deposit old notes in their bank accounts. 
Government allows certain exemptions for use of old notes until Dec. 15, with only 500 rupee denomination currency notes accepted for such transaction:
  • Old 500-rupee notes can be used for payment of school fees with limit; utility dues; payment of road toll fees
  • Foreigners permitted to exchange foreign currency up to 5,000 rupees/week
Furthermore, as CNBC reports, the Indian government is set to impose a 45% tax (haircut) on any suspicious deposits. 
This is a major problem as only 40% of banknotes have been exchanged according to local reports. 
We suspect the sudden urge to force citizens to deposit/exchange their old banknotes is due to the increasing prevalance of "illegal workarounds" across the nation... (as The Wall Street Journal reports) 
Unable to spend or deposit their sackfuls of large bank notes amid India’s crackdown on hoarding cash, business owners across the country are paying employees months of salary in advance, ringing up bogus sales and even buying gold they can smuggle overseas to get rid of stashed money or conceal its source. 
Such illegal workarounds are threatening to undercut Prime Minister Narendra Modi’s move this month to cancel India’s highest-denomination rupee bills, which was meant to punish tax evaders and other criminals and bring more of the nation’s $2 trillion economy out of the shadows. - Zerohedge
And because Prime Minister Modi's scheme has failed to accomplish his desired outcome from the people, it now appears he is going after their most sacred holdings.

Their gold.
Recall, that as per our report last night, one of the reasons proposed for the recent tumble in gold has been speculation that India may ban gold imports. As a reminder, gold has traditionally been a widely-accepted cash alternative in an economy where gold has long held a supremacy over cash equivalents, to the point where recently the government started paying a dividend to those who deposit their gold to local banks for "safe keeping." 
Well, it now appears that the government is taking its crusade against gold one step futher, and according to a report by NewsRise, the Indian government may soon impose curbs on domestic holdings of gold as Modi intensifies his war against "black money", news agency NewsRise reported. 
As we reported previously, gold prices have soared in India ever since the November 8 demonetization announcement, and premiums jumped to two-year highs last week as jewellers ramped up purchases on fears the government might restrict imports after withdrawing higher-denomination notes from circulation in its fight against black money. 
India is the world's second biggest gold buyer, and it is estimated that one-third of its annual demand of up to 1,000 tonnes is paid for in black money - untaxed funds held in secret by citizens in cash that don't appear in any official accounts.
India may be the most public and most notable of countries going through the turmoil of forcing their people to change their currency, but they are far from the only nations currently implementing a ban on cash and gold.  In just the past week the countries of Australia, Uruguay, and even Spain have begun the process of eliminating large currency denominations in their economies as the world seems ripe for a new liquidity crisis that is requiring extreme measures.
India, Uruguay, Australia and now Spain. The Minister of Finance and Public Service, Cristóbal Montoro has reportedly just announced “anticipated measures in order to ‘reduce the use of cash.’ 
In other words, Spain is going to make cash transactions even more difficult. As of presstime, from what we can tell, this has yet to be reported anywhere in English media except here now at TDV. 
As you can see, the chaos is increasing. Combine cash bans with attacks on fake news (more on that tomorrow), and you end up disturbing a significant amount of people as we wrote here recently. 
This amounts to a trend of course, of the sort we’ve been analyzing for several years now. We’ve predicted increased social chaos throughout the West and beyond because globalism is not built by votes but by violence and widespread disaffection that allows globalist “solutions” to be rammed home. 
I expect “cash banning” to be speeded up along with selected attacks on the alternative media - as part of a larger effort to create widespread social dissension. People believe attacks on cash and “news” are what they seem to be on the surface. They are not. They are part of a much deeper strategy that involves additional globalism. 
We’ve expected just these sorts of actions and have profited from them for the past several years along with our newsletter subscribers. We await more of the same. 
Currently, violence spawned by this anti-cash trend can be seen in such countries as Uruguay and India where cash banning on large bills has ignited significant social chaos already. India is in the throes of riots while Uruguay has been hit with a nationwide strike aimed in part at derailing a mandate that all employers must pay employees electronically via a bank account, starting as soon as March.  - Dollar Vigilante
Perhaps one of the reasons for this sudden attack on money by governments and central banks is due to the rising dollar and the expanding liquidity crisis that the reserve currency is creating as fewer nations can afford to buy dollars for international commerce.  And with the dollar reaching a 14 year high this week by nearly touching 102 on the dollar index, history shows that anytime the reserve currency has crossed the 100 level over the past 30 years it has triggered a financial crisis somewhere, which it appears to be doing now in multiple locations.

In the latest report from ADM ISI’s strategy team, “Dollar Liquidity Threat is Getting Critical and Fed is M.I.A.”, Paul Mylchreest argues that mainstream economic luminaries (like Carmen Reinhart) are finally acknowledging the evolving crisis due to the dollar shortage outside the US, a topic which even the head researcher at the BIS shone a spotlight on yesterday suggesting that the strength of the dollar, not the VIX is the new "fear indicator". - Zerohedge
As always in history, when people lose confidence in their currencies the natural and obvious next move is to rush out of their 'money' and into tangible assets such as gold and silver.  And besides the rumors of gold soaring as high as $3600 on the black market now in India, over in Asia people are massively increasing their own buying, and are more than willing to pay high premiums to get it.

The price of gold is being attacked right now in a manner that is quite reminiscent of the way it was attacked in the summer of 2008, right before the global financial markets collapsed, led by the fall of Lehman.  Something really ugly is coming toward the global economic and financial system. 
In Viet Nam the premium paid by the public has just soared to $90 over world gold.  The spread has been wider over the last 15 years, but not much and only during times when there’s been high “backwardation” between the physical delivery bullion markets in the east vs. the fraudulent paper gold markets in London and NYC. - From PM Fund Manager Dave Kranzler:  
Gold was pushing $1230/oz overnight, as the methodical take-down of gold and silver in the NYC and London paper markets has triggered an avalanche of demand for physical gold in the eastern hemisphere. 
Last night ex-duty import premiums in India were $14 over spot gold.  In Shanghai the premium to world gold was $9.76.  Delivery volume into the Shanghai Gold 
Exchange rocketed to an extraordinary 86.55 tonnes (it was 35.9 tonnes on Wednesday).  The open interest on the SGE was 807 tonnes.  To one observer’s recollection, John Brimelow of John Brimelow’s Gold Jottings, this is the first time the open interest has been over 800 tonnes. 
In Viet Nam the premium paid by the public was $90 over world gold.  only during times when there’s been high “backwardation” between the physical delivery bullion markets in the east vs. the fraudulent paper gold markets in London and NYC. - Silver Doctors
Just as most people imagine the strength of the economy as being tied to the value of the stock markets, so too do people erroneously picture the true value of gold as being tied to the manipulated paper spot price determined in London and the Comex.  But the coming financial crisis that has been deferred now for eight years ever since the 2008 Credit Event appears very much to be demanding a reckoning, and those who both see it early enough, as well as prepare for it, will find the ability to do so as the days of the dollar and of money quickly come to an end.


Thursday, November 24, 2016

Dollar strength leads to more purchasing power as Thanksgiving dinner costs for 2017 go down

It's Thanksgiving once again and that time of the year again where many things kick into motion for the American consumer.

Beginning with gasoline prices climbing a bit for areas around the country that switch over to winter blends, the season culminates with the arrival of snowbirds down South from Canada and the Northern U.S. locations and of course, the home stretch for retailers during the Christmas holiday shopping season.

But the main course for this period is as always Thanksgiving, and the coming together of families along with the cooking and baking of the traditional dinner.

Each year economists try to put together a cost analysis for the average dinner and more often than not, the price rises around 3-5% from the year before.  But with the dollar suddenly strengthening to levels not seen in the past 13 years, that additional purchasing power has done something not seen in quite some time...

A decline in cost for this year's Thanksgiving meal.

According to the American Farm Bureau Federation's (AFBF) annual informal price survey, the average meal for 10 people will be $49.87--  a 24-cent drop from last year’s average of $50.11. 
The survey’s shopping list includes enough turkey, bread stuffing, sweet potatoes, rolls (with butter, of course), peas, cranberries, a vegetable tray, pumpkin pie with whipped cream, coffee and milk for 10 eaters. The AFBF has been commissioning this study for 31 years. 
Foods showing the largest reductions this year were pumpkin pie mix, milk and a veggie tray comprised of celery and carrots. A 30-ounce can of pumpkin pie mix was $3.13, a gallon of milk was $3.17 and a one-pound veggie tray of celery and carrots was just 73-cents. 
A group of miscellaneous items including coffee and ingredients need to prepare the meal (butter, evaporated milk, onions, eggs, sugar and flour) came in at $2.81. 
The headliner - a 16-pound turkey - averaged a total of $22.74 (about $1.42 per pound). That’s a decrease of 2 cents per pound, or an overall 30 cents per whole turkey, compared to last year. - Fox News

Wednesday, November 23, 2016

Russia becoming masters of alchemy as they turn coal into both diamonds and gold

While the technology for taking simple carbon materials like coal and using the time tested methods of heat and pressure found in nature to turn them into diamonds and other precious gems has been around since the 1940's, Russia has long since mastered the process and is recognized around the world for their ability to process synthetic stones in flawless grades.

Yet even as the mystical and sometimes scientific process of alchemy has been part of mankind going back thousands of years, the ability to take mundane materials and turn them into valuable elements on a large scale has been a roadblock for the art form to become full scaled to make the process widely profitable.

Until now?

On Nov. 22 a new discovery out of the Russian Academy of Sciences shows that engineers there can now extract gold from coal and provide a valuable by-product from an energy source that provides power to billions of people around the world.

Image result for alchemy gold
Researchers from the Russian Academy of Sciences’ Far East branch say they are building a facility to make gold out of coal. 
Although the science is no fairy tale, to the dismay of business owners, the process is not as productive as they might hope - burning a ton of coal yields one gram of gold, tops. 
At present, the scientists are setting the bar even lower, expecting a yield of 0.5 grams, or 1,500 rubles, per ton. 
“We burn a ton - we gain 1,500 rubles,” Oleg Ageev, CEO of Complex Innovative Technologies of the Amur Scientific Center, said in a press statement. 
At current exchange rates, that is roughly $23 US dollars. 
The discovery of gold lacing in coal is the result of 15 years of study from different fields. 
To create the gold, smoke created in burning coal goes through a hundred-fold purifying system. The residue is then flushed through a filter with water, allowing a gold concentrate to be extracted that is later used to make the precious metal. 
The scientists are planning to test the gold-making equipment in one of the Amur region’s boiler houses next year, and ultimately hope to receive a grant to develop and implement an industrial grade device. 
“We plan to use municipal boiler houses to implement our filtering system because they burn about eight to 10 thousand tons in a season, and that’s potentially 10 kilos of gold.” - Russia Today
It is of course obvious right now that the process will cost far more than it gets in return from their extracting minute amounts of gold from coal, but as with any new discovery or technology, improvements over time may not only allow gold and other materials to be taken out of cheaper raw substances like coal, but better and more inexpensive methods will over time take their place.

Saturday, November 19, 2016

Price of gold in dollars well over $3600 in India as currency crisis threatens to bring their economy to a halt

As news continues to come in from the nation of India following the government's order to eliminate certain currency notes from their monetary system, the rush to both trade in, and move money out of banks has been the singular thought for hundreds of millions of people.

And as part of this monetary transfer has been the massive demand for gold, especially since Modi pushed for a suspension of imports of the yellow metal last week.  And according to many sources, the price of gold in dollars has now reached over $3600 per ounce as the people move to get rid of their rupees and into the one tangible asset that weathers all crises.

Measure planned to prevent people from hoarding cash and generating income that could evade taxes, according to government officials with direct knowledge of the matter. 
Planned measures include limit on large cash withdrawals from bank, the officials said, asking not to be identified citing rules on speaking to media. 
Budget, due in February, may have steps to encourage use of checks, credit and debit cards. 
Purchase of gold jewelry said to be made more stringent to prevent switching of asset from cash. 
Finance Ministry spokesman D. S. Malik couldn’t be reached for comment. - Zerohedge
Perhaps the most interesting and destructive thing to come from Prime Minister Modi's move against the Indian currency is the fact that productivity has virtually stopped as people are spending several hours per day swapping over $60 worth of rupees due to the capital control laws limiting withdrawals.

When Venezuela collapsed into hyper-inflation a few months ago, it was reported on the ground that an ounce of silver would buy you 3-4 months worth of groceries, and a single ounce of gold could buy you a house.  And now in India the price of gold is skyrocketing upwards and outside the control of the paper gold markets which determine the global spot prices, and should be a warning to all on why owning physical metals is vital in a world where confidence in fiat money is crashing.