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Gold World Spot (USD) IND:XAUUSD.FXVWD, XC0009655157

  • 2.329,32 23 apr 2024 19:09
  • +2,07 (+0,09%) Dagrange 2.291,48 - 2.334,51
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Gold War

134 Posts
Pagina: «« 1 2 3 4 5 6 7 »» | Laatste | Omlaag ↓
  1. B_B 4 juni 2014 10:41
    Shanghai Gold Exchange to permit offshore Yuan in Gold Trading
    Author: Paul Ploumis 04 Jun 2014 Last updated at 02:58:12 GMT

    BEIJING (Scrap Monster): In order to expand the country’s supremacy over global gold trade, China is seen pondering over the possibilities to allow the use of offshore Yuan in gold trading in the Shanghai free-trade zone.

    According to the Bloomberg report, the Shanghai Gold Exchange is proposing to permit offshore Yuan account holders trade the three contracts it will offer, including bullion of 99.99 percent purity.

    It is said that, the gold contracts will expand the series of investment options for Yuan deposits around the world, which hit at least 1.5 trillion yuan ($240 billion) in March.

    Recently, China welcomed the leading banks including Australia & New Zealand Banking Group Ltd. and Standard Bank Plc. to participate in the Shanghai free-trade zone and to establish an international gold trading platform as part of the liberalization of China’s gold markets.

    Moreover, the People’s Bank of China has allowed the financial banks to trade on exchanges in Shanghai, without any time frame for the change. The central bank reversed the restrictions on foreign-currency deposit rates in the zone from March 1.

    www.metal.com/newscontent/61249_shang...
  2. forum rang 10 DeZwarteRidder 4 juni 2014 10:49

    quote:

    B_B schreef op 4 juni 2014 10:39:

    China Leads From The Shadows
    By Felix Imonti | Tue, 03 June 2014 22:22

    With gold at a near equilibrium in supply and demand, it would not be difficult for the largest and fourth largest producers to bring down the world economy by making it impossible for the borrowing bullion banks to go into the market to replace the borrowed bullion at double or triple the price at which it was acquired. The next Pearl Harbor could be a press release from the Chinese and Russian central banks to the Wall Street Journal that they are adding large quantities of gold to their reserves. If suspicion that the central banks have mismanaged world affairs under a cloak of secrecy turns out to be true, that would trigger financial chaos.
    Een interessant artikel, helaas is het laatste stuk grote nonsens, wat de geloofwaardigheid niet ten goede komt.
  3. B_B 4 juni 2014 15:56
    "The next Pearl Harbor could be a press release from the Chinese and Russian central banks to the Wall Street Journal that they are adding large quantities of gold to their reserves."

    De Chinezen hoeven alleen maar uit te laten lekken hoeveel goud ze daadwerkelijk importeren (niet alleen via Hong Kong) en de goudprijs zal omhoog schieten.

    De Russen, de Chinezen etc. wachten op een "catalyst", zoals in de film "Jack Ryan: Shadow Recruit" om de Dollar en U.S. Treasuries te dumpen.
    (De "catalyst" is een natuurramp i.p.v. een terroristisch aanslag.)
    De stijging van de Euro afgelopen maanden, kwam door China. Ze hebben goud en Euro gekocht als "hedge" tegen een daling van de Dollar.
  4. forum rang 10 DeZwarteRidder 4 juni 2014 17:02
    quote:

    B_B schreef op 4 juni 2014 15:56:

    "The next Pearl Harbor could be a press release from the Chinese and Russian central banks to the Wall Street Journal that they are adding large quantities of gold to their reserves."

    De Chinezen hoeven alleen maar uit te laten lekken hoeveel goud ze daadwerkelijk importeren (niet alleen via Hong Kong) en de goudprijs zal omhoog schieten.
    'the next Pearl Harbour'....!!!

    Wat heeft dat met de goudprijs te maken....??

    Je denkt toch niet echt dat een grote stijging van de goudprijs (om welke reden dan ook) iets uitmaakt voor de economie...??

    De Westerse Centrale banken springen een gat in de lucht als de goudprijs flink stijgt; zij hebben tenslotte het meeste goud.
    Ik denk dat iedereen die een beetje goud heeft, daar heel blij mee zou zijn.
  5. B_B 1 juli 2014 01:55
    German gold reserve will remain in U.S after positive audit
    06/28/2014 2:59 pm

    Last year, Germany blew up headlines when its central bank – the Bundesbank – announced that it was planning to repatriate its gold from the United States Federal Reserve, the Bank of England and the Banque de France. The Bundesbank owns nearly $200 billion worth of gold, but only a third of it is stored in Frankfurt.

    A German delegation was sent to New York to audit the nation’s gold holdings because one hadn’t been performed in a few decades. The group confirmed that everything was fine and that it would be easier to just simply store its gold reserves outside of the country for emergency swaps.

    A year later, it was reported that Germany has only been able to recover five tons of gold from the New York Fed. The Bundesbank explained the situation by noting it’s simpler to transport its gold holdings stored in Paris as opposed to repatriating the yellow metal overseas. Another reason was that the gold bullion in Paris maintains an elongated shape with beveled edges of the “London Good Delivery” standard.

    GoldSeveral months after this revelation, it is now being reported by Bloomberg News that Germany has officially given up trying to reclaim its gold in New York. Norbert Barthle, the budget spokesperson for Angela Merkel’s Christian Democratic bloc in parliament, said that the U.S. is doing a very good job looking after the country’s gold and there would be no need for any sort of mistrust.

    Financial experts posit that this latest move is a rebuff to critics of the euro who want all of its bullion returned to the vaults of Frankfurt. Instead, according to some analysts, it would be a prudent decision to allow the U.S. to store Germany’s gold reserves.

    “The Bundesbank never doubted the integrity of the foreign gold-storage sites,” said Carl-Ludwig Thiele, the bank’s council member for payments and settlements. “We were able to see everything we wanted to see in New York. As far as we’re concerned, there are no more open issues.”

    ZeroHedge speculates that the physical gold really isn’t at the Fed and Germany just decided to allow the U.S. to keep their “paper promises of ownership.”

    In the meantime, Peter Boehringer of Repatriate Our Gold, says the “campaign is on hold” right now. However, he expanded upon his comments on the Liberty Blitzkrieg website, in which he stated that his group is not satisfied with the decision and that the original source of news did not provide any real updates because there hasn’t been any since the move was first announced last year.

    Others are also pessimistic about the decision, including Terry Ponic of Communities Digital News, who wrote Tuesday:

    “Germany’s official position at the moment appears to be to downplay this uncomfortable situation while still looking to get its gold back in Germany under its own government’s lock and key. The greater question — too complicated to get into here — involves increasingly clear evidence that, via paper contracts and ETFs, the international banking system is lending and re-lending physical gold reserves to keep gold’s price under $1300 per ounce as regularly as possible.”

    In the past week, the price of gold has surged and is now trading beyond $1,300 an ounce. Silver, meanwhile, has also surpassed the $20 mark and is trading at just about $21 per ounce.

    www.pfhub.com/german-reserve-horde-wi...
  6. B_B 9 juli 2014 11:47
    July 8, 2014 5:51 pm
    France lacks the moral authority to depose the dollar

    Michel Sapin is not the first French finance minister to complain about the dollar’s singular position in the international financial system. It is almost 50 years since Valéry Giscard d’Estaing coined the phrase “exorbitant privilege” to denote the dominant role of the greenback in global monetary affairs.
    Nor is the BNP Paribas affair that irked Mr Sapin – the French bank has been fined $9bn for breaking US sanctions on Sudan and Cuba – the first time America has thrown around its financial weight to advance its political agenda. In 1956 it used Britain’s dependence on dollar credit to force London and Paris to roll back their invasion of Suez.

    BNP Paribas fell foul of US law because the credit it provided to governments subject to American sanctions was denominated in dollars, which is what exporters in other countries customarily require. Once the dollars sourced by BNP’s New York branch passed through the US financial system – through Fedwire or another US-based network for clearing and settlement since there is no other convenient, low-cost way of making dollar payments – they came under US law.
    In fact this is only the second recent effort by US authorities to use the dollar’s position to extend their legal reach. Last month the Supreme Court ordered Buenos Aires to compensate in full “holdout” creditors who rejected the debt restructuring after Argentina’s 2002 default, setting the international bankruptcy regime on its ear. The judges’ leverage was that payments to holders of Argentina’s dollar bonds were routed through the Bank of New York Mellon and again, therefore, through the US payments system.
    They may not like it, but it is not clear what France and other critics can do to alter the status quo.
    .....
    www.ft.com/intl/cms/s/0/4b51cc12-0689...
  7. B_B 9 juli 2014 11:54
    Hey, U.S., Why Not Beat Up Your Own Banks?
    20 JUL 8, 2014 12:15 PM EDT
    By Leonid Bershidsky

    U.S. prosecutors have been on a roll lately in their efforts to extract big fines from foreign banks that violate U.S.-imposed sanctions on Iran and other rogue states: This week, they signaled that Germany's second-biggest lender, Commerzbank AG, is next in line. Lucrative as the activity may be, it could ultimately have unpleasant repercussions for the U.S.

    Since 2009, the U.S. has extracted more than $11 billion from European institutions such as Credit Suisse Group AG, Lloyds Banking Group Plc, Standard Chartered Plc, HSBC Holdings Plc, Barclays Plc and ING Groep NV, including the $8.9 billion settlement it reached last week with France's biggest bank, BNP Paribas SA. Commerzbank, which has been cooperating with investigators, reportedly faces a penalty of at least $500 million, an amount roughly equivalent to the bank's net income over the 12 months through March 31.

    Going after Commerzbank is in some ways akin to attacking Germany itself. The bank is seen as representing the country's powerful Mittelstand, the body of solidly profitable small and medium-sized companies that make up the foundation of the German economy. The German government holds a 17 percent stake in the bank.

    Not surprisingly, Germans are displeased. Here's a selection of the comments they've been posting on news sites:

    The U.S. is "supplementing their budget shortfall with 'fines' from foreign bankers" (business daily Handelsblatt).
    "The United States is not really our friend. Friends treat each other with respect, the way Russia and Germany treat each other, and they do not try to order each other about" (Handelsblatt).
    "The EU should think about introducing similar senseless rules and then punishing U.S. companies for violating them" (daily Frankfurter Allgemeine Zeituing).
    "Get out of the dollar, that's the only lesson here. Then the U.S. boys will see what they get, and that'll be the end of their autocratic superpower posturing" (Frankfurter Allgemeine Zeitung).
    "The U.S. has invented a great export article for which sales equal profit: penalties on foreign banks that have violated U.S. rules" (daily Sueddeutsche Zeitung).
    The U.S. has already given the Germans ample reason to be angry. Last year, German Chancellor Angela Merkel discovered that the U.S. National Security Agency had tapped her mobile phone, and now she has to deal with a fresh spy scandal -- an American double agent in the ranks of German intelligence. Merkel has said that the spying violates trust between allies, a strong statement from an extremely reserved politician.

    A style difference is the only reason German leaders will not be as outspoken against the U.S. and the dollar, as the French have been. French Finance Minister Michel Sapin said recently that the BNP case should "make us realize the necessity of using a variety of currencies," calling on Europeans to stop trading in dollars among themselves, as they often do in energy markets. With German help, the French opposition to the dollar could become formidable.

    One person watching the U.S. attack on European banks with glee is Russian President Vladimir Putin, who recently alleged that the U.S. offered to drop charges against BNP Paribas if France refused to hand over two Mistral warships to Russia. "What is that if not blackmail?" Putin said. "Is that any way to work on the international scene?"

    Putin is trying to insure Russia against U.S. financial sanctions by agreeing with China to trade in national currencies (the Russian central bank recently reported it already had a renminbi-ruble swap facility in place to ease trade financing). It is equally important for Moscow to drive a wedge between the U.S. and Europe as they try to agree on Ukraine-related sanctions. The more bad feelings there are among the Western allies, the greater the likelihood that Putin will get away with the Crimea annexation and his further efforts to destabilize Ukraine and bring it under at least partial Kremlin control.

    To the U.S. government, punishing European banks for breaking sanctions may just be a legal matter. That, however, is not how it's seen in Europe: Here, the matter inevitably gets politicized. If Washington truly sees Europeans as friends and allies, it should take that into consideration.

    www.bloombergview.com/articles/2014-0...
  8. B_B 5 september 2014 21:15
    quote:
    B_B schreef op 11 feb 2014 om 02:31:

    bennie, op 27 januari 2014 om 00:24 uur
    2014 : The Gold War
    De slag om de geloofwaardigheid van de Dollar.

    Deze maand: "De slag om de geloofwaardigheid van de Dollar."

    Shanghai Gold Exchange's Intl Board to Start Trading Next Month
    2014-08-25 21:26:52

    The international board of the Shanghai Gold Exchange will start trading as early as September.

    Inside sources say the board, which is located within the Shanghai Free Trade Zone is now going through some final preparations for the official opening.
    The Exchange is expected to help China's gold importers gain more pricing power in the global market.
    Statistics from the World Gold Council show that China became the world's largest gold buyer last year.

    The country is also the world's biggest gold producer.

    Analysts say such buying and producing activity afford China to have its own pricing benchmark.
    At present, global gold pricing power lies largely with the London Bullion Market Association.

    english.cri.cn/12394/2014/08/25/3241s...
  9. B_B 17 september 2014 12:32
    The 5 deals to be signed during Xi Jinping's visit
    Mumbai September 17, 2014

    China’s President Xi Jinping arrives in India on his first state visit today. China has already announced that it will invest $100 billion in India, mainly in the infrastructure sector and industrial parks, over the next five years.
    .....

    www.business-standard.com/article/cur...

    Gaan China (the world's No.1 gold bullion buyer) en India (the world's No.2 gold bullion buyer) ook samenwerken met betrekking tot GOUD(prijs)?
    Als India binnenkort de importheffing op goud verlaagt, dan hebben ze waarschijnlijk een deal gesloten.
  10. B_B 6 oktober 2014 01:55
    Sun Tzu
    "The supreme art of war is to subdue the enemy without fighting."

    China:
    - aanval op de Dollar met opening Shanghai Gold Exchange

    Amerika (tegenaanval):
    - destabilisatie door onrust in Hong Kong

    China:
    - Kim Jong Un wordt aan de kant gezet (of in een kist gestopt)
    - een reunificatie van een Verenigd Korea maakt Amerikaanse troepen in Zuid-Korea overbodig
    - toenadering tot japan
    - stijging: zilver
    - onthullingen: goud

    Dit is The US Dollar's Endgame.
  11. B_B 6 oktober 2014 14:15
    quote:

    B_B schreef op 28 september 2014 21:46:

    Hong Kong's pro-democracy protests escalate amid thickening fog of tear gas
    Sydney Morning Herald - ?13 minutes ago?

    www.smh.com.au/world/hong-kongs-prode...

    Gaan de Chinezen uit angst massaal goud kopen?
    Woensdag 8/10 is de vakantie voorbij.
    Chinese beurzen weer open.
  12. B_B 8 oktober 2014 12:26
    China wants say in 'price discovery' in everything
    Time to Focus on Chinese Derivatives
    By William Barkshire

    Financial Times, London
    Tuesday, October 7, 2014

    There have been many false dawns in the progress to open up China's participation in global capital markets.

    That has led to the loss of interest by some overseas investors and in some cases retrenchment. However, under Xi Jinping's leadership market liberalisation is now gathering a real pace and international players should start paying more attention to concrete evidence of development.
    The announcement in April by the central government of the Hong Kong Exchanges and Clearing and Shanghai Stock Exchange Stock Connect link underpins this tangible change.
    Set to go live later this month, it is likely to see interest from funds that do not currently have access to China via the qualified foreign institutional investor quota schemes seeking either yield pick-up or to trade the valuation differential between stocks listed in both Hong Kong and Shanghai.

    While this project is significant, it will be eclipsed in the long term by the scale and scope of other projects. The key policy focus in Beijing is on developing those markets that can assist China in its economic development, or what might be termed its "real" economy rather than just the financial services sector.

    Central to this is the move toward market-based pricing in commodities, where China is the major global consumer. Here the political desire is for price discovery to take place in Asia and not just in London, New York, and Chicago.

    State-owned enterprises are poised to be allowed to increase their hedging practices in a wide range of commodity futures and options markets. As a result they are actively seeking to increase the sophistication of their risk management practices both domestically and in international markets.

    The launch in the past two months of over-the-counter commodities clearing in iron ore and coal by Shanghai Clearing House and the international board of Shanghai Gold Exchange -- a spot and forward market -- are significant developments and should be more closely watched.

    The Shanghai Gold Exchange is particularly relevant, as while heavily controlled, it offers fully fungible access to onshore liquidity in precious metals for international companies. It will also offer access to a highly interesting arbitrage between global and domestic demand-driven prices.

    By the end of this year, OTC commodities trading and clearing will be extended to other products, including copper in both spot and forward markets in the Shanghai free-trade zone. It is interesting to note that both the Shanghai Clearing House and Shanghai Gold Exchange are regulated by the People's Bank of China, which seems to be at the forefront of implementing these important market reforms.
    .....

    www.ft.com/intl/cms/s/0/5514b5dc-4e02...
  13. B_B 21 oktober 2014 07:41
    Oil CEO who called for end of the petro-dollar dead in a plane crash in Russia
    October 20, 2014
    6:25 PM MST

    On Oct. 20, Christophe de Margerie, who was the CEO of the 2nd largest oil company in Europe and 13th largest in world, died when his business jet mysteriously crashed while taking off on a flight out of Moscow after the plane accidentally hit a snow-plough located on or near the runway. de Margerie is well known in the oil industry as the outspoken CEO of Total, and has recently called for an end to the petro-dollar system shortly after the U.S. Justice Department summarily levied a fine on French bank BNP Paribas for breaking a set of economic sanctions declared in regions of Africa by the U.S. more than a decade before.

    News behind de Margerie's visit to Moscow has not yet been fully revealed, but as a leading producer of oil in Europe and the Eurasian continent, it is very likely his stay was tied to discussions over oil prices and perhaps even ongoing economic sanctions that have caused Europe to fall into a triple dip recession and deflationary scare.

    Over the past several weeks, oil prices have fallen over 20%, and are likely to be attributed to a 'secret deal' partnered between the U.S. and Saudi Arabia over America's decision to go back into Syria. This has caused major monetary problems for both the Rouble and the Euro, and is leading major energy producers to begin investigations into a non-dollar solution for the global purchase of energy.

    While it doesn't appear likely that today's plane crash was anything more than an accident since de Margerie and Russia were in solidarity against the U.S. and the petro-dollar system, the death of one of France's staunchest advocates for a new reserve currency will have interesting ramifications for the rest of Europe's energy producers, and which side in the ongoing proxy war they will chose to take.

    www.examiner.com/article/oil-ceo-who-...
  14. B_B 10 november 2014 13:44
    Putin goes for the gold
    The Russian president is stockpiling bullion for reasons both political and personal
    November 10, 2014 2:00AM ET
    by Richard Lourie

    Lately Russia has been buying gold by the ton — 37 tons in September alone. Why?

    One obvious answer is that gold is now cheaper than it has been for quite a while and Russian President Vladimir Putin knows a bargain when he sees one. But Western countries have been selling gold (or at least not acquiring more), which means that Putin is moved by other considerations, some political, some personal.

    For years the Kremlin has been calling for resistance to the hegemony of the dollar and the political power the U.S. derives from it being the world’s reserve currency. Now the Ukrainian crisis and its consequences for the Kremlin have turned rhetoric into action. Something akin to the opening skirmishes in an economic war between Russia and the West has commenced.

    Western sanctions have already resulted in a plunge of the ruble and the Russian stock market, and in a sharp increase in capital flight.

    Russia’s response has been to buy gold and turn East, cementing deals with China and, it would seem, firing the opening salvos in a cyber-currency war with the U.S. The tactics, such as those employed in Crimea and Ukraine, use proxies, limit attacks and retain deniability. The deep and massive hack at JPMorgan Chase, widely believed to have originated in Russia, does not seem to have resulted in any theft, but has rattled confidence in the American banking system and digital American dollars. Moscow’s purchase of bullion and the assault on the bank can be seen as tactics of a single strategy designed to break the monopoly of the dollar. Gold is Russia’s hedge against that hegemony; it can’t be hacked.

    Some economists and investors consider gold laughably backward. The economist John Maynard Keynes famously called it a “barbarous relic.” The investor Warren Buffet satirizes gold by saying that we dig it out of the ground, melt it down, put it in another hole in the ground and guard it day and night. But Russia is old-fashioned and believes in tangible, zero-sum games. Its incursion into Crimea was criticized for, among other things, not being 21st century enough. In that sense, the Kremlin buying so much gold is a case of one barbarous relic obtaining another. Former Federal Reserve Chairman Alan Greenspan has said that “in extremis paper money is accepted by nobody and gold is always accepted.” The Russians believe the dollar has been weakened by debt and will soon find itself “in extremis,” a process that they are more than willing to help along.

    "If Russia keeps stockpiling bullion, we could be in for a gold war that might last as long as the Cold War. "
    .....
    america.aljazeera.com/opinions/2014/1...
134 Posts
Pagina: «« 1 2 3 4 5 6 7 »» | Laatste |Omhoog ↑

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