Sunday, August 14, 2016

Pathogenesis of Central Bank Ruin

December 15, 2011 by · Leave a Comment 

By Jim Willie CB, Golden Jackass Subscribe: Hat Trick Letter Central banks are the current sovereign debt market. It is a vacated market. They are the majority bidders via debt monetization. The monetary inflation has become the New Normal and a travesty. In perverse fashion, the financial markets celebrate the monetized purchases, even calling for higher volume. [...]

Austrian Mint’s Vienna Philharmonic 20 Ounce Gold Coin celebrates a 20 Year Success Story

October 30, 2009 by · Leave a Comment 

Twenty years ago in 1989 the Austrian State Mint passed from the Treasury into the ownership of the central bank. The mint was given the freedom to produce and sell products in accordance with the demands of the modern numismatic and investment markets. One of the very first innovations introduced by the new CEO, Paul [...]

Gold coin issued to mark Abu Dhabi Grand Prix

October 29, 2009 by · Leave a Comment 

A commemorative gold coin has been launched by the United Arab Emirates Central Bank to mark this year’s Formula 1 Etihad Airways Abu Dhabi Grand Prix. The coin is 65mm in diameter and weighs 313g. It bears images of the late Zayed bin Sultan Al Nahyan and president Khalifa bin Zayed Al Nahyan on the [...]

Dollar Wobbles on Chinese Currency Diversification Concerns

October 27, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold Gold closed trading at $1,039.80/oz In euro and GBP terms gold is trading at €699/oz and £635/oz. Support for Gold is currently seen at $1,030/oz and resistance at $1,053/oz. Gold fell yesterday as oil prices and equities came under pressure and the dollar rose. The dollar has fallen marginally today after [...]

Attack by Central Bank Lilliputians

October 24, 2009 by · Leave a Comment 

By Jim Willie CB, Golden Jackass Subscribe: Hat Trick Letter The US Federal Reserve continues to talk about their urgent Exit Strategy. My theory is they will be doing mostly talking and almost no doing. The nations that talk the least will be hiking interest rates the most, like Australia. The United States might be dead last in hiking [...]

Gold May Have More Price Support now Than at any Time Since 1989

October 23, 2009 by · Leave a Comment 

The Daily Reckoning The central banks of the world are changing tune. Since 1989, the banks have been net sellers of gold reserves, meaning that as a group they have sold more than they have taken in. This is an important point because the large gold sales of central banks tend toward lowering the spot [...]

Watershed Moment for Government Intervention in Private Sector

October 23, 2009 by · Leave a Comment 

October 22, 2009The U.S. Treasury and the Federal Reserve unveiled a set of curbs and rules for executive compensation at U.S. banks that mark a watershed moment for government intervention in the private sector. The Fed is proposing that it more aggressively regulate compensation practices at U.S. American banks under its control. The central bank [...]

The Golden Road Out of Financial Crisis

October 22, 2009 by · Leave a Comment 

The Daily Reckoning “Who goes borrowing, goes sorrowing.” – Ben Franklin Today’s reckoning is going to be short. We’re on the road again…this time to Ireland where our Family office is headquartered. The quote above comes from one of America’s founding fathers. But it was recalled to us neither by America’s president, nor America’s secretary [...]

US Hyperinflation?

October 20, 2009 by · Leave a Comment 

The Daily Reckoning The finance ministers of the Eurozone met yesterday and they’ve tried to stem the euro’s (EUR) rise… But they’ll need more than words to get the job done! And so we begin a new day… Front and center this morning, the currencies – which had given background overnight to the dollar – [...]

Austrian Mint launches Philharmonic anniversary gold coin

October 20, 2009 by · Leave a Comment 

A gold coin has been struck by the Austrian Mint to celebrate the 20th anniversary of the original launch of the Vienna Philharmonic Orchestra coin. The piece was first produced in 1989 to mark the transfer of ownership of the mint from Austria’s treasury to its central bank and the latest edition commemorates this release.The [...]

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