Buying gold??? I suppose you want to use untraceable cash … Buy real coins.
Gold premiums doubled in India on Wednesday as suppliers struggled to meet surging demand after a ban on consignment imports, even as futures prices fell to their lowest in more than a month.
WAR IS PEACE.
FREEDOM IS SLAVERY.
IGNORANCE IS STRENGTH.
Huh!!! Sounds like “1984”.
MUMBAI (Reuters) – Gold premiums doubled in India on Wednesday as suppliers struggled to meet surging demand after a ban on consignment imports, but futures prices fell to their lowest in more than a month as international gold prices fell due to a strong dollar.
India, the world’s biggest buyer of gold, now requires importers to pay upfront for inventory, making it difficult for smaller jewelers with lower working capital to source supplies. The government also raised the import duty to 8 percent in May to keep a lid on the surging current account deficit.
“There may be some demand from jewelers for raw material,” said Bachhraj Bamalwa, former chairman of All India Gems and Jewellery Trade Federation, adding that premiums charged on London prices shot to $20 an ounce on Wednesday from $8-$10 on Tuesday.
“We are unable to supply, though there is demand … we give deliveries after 2-3 days,” said Harshad Ajmera, proprietor of wholesaler JJ Gold House in Kolkata.
Enjoy the gold crash comrades.
Full article here.
The vast majority of Americans are going to be absolutely blindsided by what is coming. They don’t understand how our financial system works, they don’t understand how vulnerable it is, and most of them blindly trust that our leaders know exactly what they are doing and that they will be able to fix our problems. As a result, most Americans are simply not prepared for the massive storm that is heading our way. Most American families are living paycheck to paycheck, most of them are not storing up emergency food and supplies, and only a very small percentage of them are buying gold and silver for investment purposes.
Right now we seem to be living in a “hope bubble” and people have become very complacent.
They seem to have forgotten what happened back in 2008…
Read more here …
The sinker it in the cards … Free phttt …
The fed is printing money like crazy — click on the link below and watch the whole interview.
Transcription of Finance News Network Interview with JAC Capital Advisors Partner, Jim Rickards at The Gold Investment Symposium in Sydney.
Here is a key graph…
Lelde Smits: If you’re as bullish as you say you are, what percentage of a portfolio do you believe investors should devote to gold?
Jim Rickards: I recommend for the conservative investor 10 per cent and for the aggressive investor 20 per cent. A lot of people are surprised at that. They say, ‘You know Jim, if you’re so bullish on gold, why not more, why not 50 per cent or more?’. The answer is, you don’t want to be too much in any one thing. No matter what your view is, there are certain risks associated with over concentration. And, there are other asset classes you can be in to protect your wealth. One of them is raw land, fine art, other precious metals, and you should have some cash.
People are surprised to hear me say that, they say, ‘Boy, Jim you’re the guy who says that these currencies are going to collapse, why would you have cash?’ You might not have it for long, but you might have it for the short run to preserve wealth and it gives you optionality. When you get a little more of it, when you have cash, and you get more visibility you can pivot into these other asset classes. So, I like a diversified portfolio of gold, silver, land, fine art and cash, and I think that will serve you very well.
The interview and video are here.
Full transcript … At link above.