Montag, 11. Januar 2016

"Unprecedented Demand" - US Mint Sells Nearly As Much Gold On First Day Of 2016 As All Of January 2015

Dienstag, 12. Januar 2016

"Unprecedented Demand" - US Mint Sells Nearly As Much Gold On First Day Of 2016 As All Of January 2015

"Unprecedented Demand" - US Mint Sells Nearly As Much Gold On First Day Of 2016 As All Of January 2015

Tyler Durden's picture




 
While Chinese residents were lining up in front of banks and currency exchange kiosks, desperate to convert as many of their Yuan into dollars as the government will permit, Americans were likewise busy exchanging their own paper currency, so greatly in demand in China, into gold and silver.
As Reuters reports, American Eagle silver coin sales jumped on Monday after the U.S. Mint said it set the first weekly allocation of 2016 at 4 million ounces, roughly four times the amount rationed in the last five months of 2015, after a surge in demand. It will not be enough.
According to the Mint, more than half of the week's allocation of silver sold on Monday, the first day of 2016 sales, a sign that demand entering 2016 is literally off the charts.
Putting the silver demand in context, the 2.76 million ounces of silver bullion coins sold today is exactly half of the 5.53 million ounces that sold in all of January 2015.
Needless to say, if the demand from the first day of the month continues through the end of January, the first month of 2016 will set an all time record in silver sales.
And gold.
First-day sales of American Eagle gold bullion coins was also unprecedented, with the 60,000 ounces sold equal to roughly 75% of the 81,000 that sold in the entire month of January 2015.
As reported previously, the mint ran out of American Eagle silver coins in July because of a "significant" increase in demand as spot silver prices fell to a six-year low. Inventory was replenished in August and sales resumed. But the coins were on weekly allocations of roughly 1 million ounces for the rest of the year because of low supplies.
This dramatic surge in demand, we noted out at the time, was a shock and a paradox to equity investors and momentum stock chasers, who seek to dump an asset the cheaper it gets, contrary to what has happened with physical metals for the 4th year in a row. It is amazing that at least some investors still act according to the fundamental laws of supply and demand.
It wasn't just the US: the unexpected surge in demand put the global silver-coin market in an unprecedented supply squeeze, forcing other mints around the world to ration sales, while U.S. buyers had to look abroad for supplies.
Should the epic demand for precious metals from the first day of sales persist, we are confident that the Mint will run out of gold and silver within a few days.

Sonntag, 26. Juli 2015

Die 25-Euro-Sammlermünze soll aus Feinsilber (Ag 999) bestehen und in den Prägequalitäten Stempelglanz und Spiegelglanz ausgegeben werden. Ihr Gewicht wird 18 Gramm betragen.



25 Euro-Sammlermünze „25 Jahre Deutsche Einheit“

Die Bundesregierung beschloss am 25.02.2015 eine 25-Euro-Sammlermünze „25 Jahre Deutsche Einheit“ prägen zu lassen und am 1. Oktober 2015 auszugeben.

Die Münze würdigt die Wiedervereinigung Deutschlands, die sich in diesem Jahr zum 25. Mal jährt. Am 3. Oktober 1990 erfüllte sich der Auftrag des Grundgesetzes an das deutsche Volk, die Einheit und Freiheit Deutschlands zu vollenden.

Der Entwurf der Münze stammt von dem Künstler Bernd Wendhut, Bernkastel-Kues.

Die im Vordergrund der Bildseite stehenden Menschen verkörpern Aufbruch und Neubeginn; sie befinden sich vor dem Brandenburger Tor, dem Symbol der Deutschen Einheit. Ihre Willensbekundung „Wir sind ein Volk“ repräsentiert den Weg zur deutschen Wiedervereinigung.

Die Wertseite zeigt einen Adler, den Schriftzug „BUNDESREPUBLIK DEUTSCHLAND“, Wertziffer und Wertbezeichnung, die Jahreszahl 2015, die zwölf Europasterne sowie - je nach Prägestätte - das Münzzeichen „A“ (Berlin), „D“ (München), „F“ (Stuttgart), „G“ (Karlsruhe) oder „J“ (Hamburg).

Der glatte Münzrand enthält in vertiefter Prägung die Inschrift:

„EINIGKEIT UND RECHT UND FREIHEIT“.

Die 25-Euro-Sammlermünze soll aus Feinsilber (Ag 999) bestehen und in den Prägequalitäten Stempelglanz und Spiegelglanz ausgegeben werden. Ihr Gewicht wird 18 Gramm betragen. Mit ihren Ausgestaltungsmerkmalen, die in Bezug auf den Nennwert und das Prägemetall in der bisherigen Geschichte der Bundesrepublik Deutschland einmalig sind, ist die Münze sowohl ein exklusives Erinnerungsstück als auch eine besondere Würdigung des großen Jubiläums.

Es ist vorgesehen, die Münze anteilig in den fünf deutschen Münzstätten prägen zu lassen. Kunden der Verkaufsstelle für Sammlermünzen erhalten zu gegebener Zeit einen Bestellcoupon. Nähere Informationen werden mit der nächsten prägefrisch-Ausgabe II/2015 bekannt gegeben.

Donnerstag, 9. Juli 2015

Are Big Banks Using Derivatives To Suppress Bullion Prices?

Are Big Banks Using Derivatives To Suppress Bullion Prices?

Are Big Banks Using Derivatives To Suppress Bullion Prices?

Tyler Durden's picture




 
We have explained on a number of occasions how the Federal Reserves’ agents, the bullion banks (principally JPMorganChase, HSBC, and Scotia) sell uncovered shorts (“naked shorts”) on the Comex (gold futures market) in order to drive down an otherwise rising price of gold. By dumping so many uncovered short contracts into the futures market, an artificial increase in “paper gold” is created, and this increase in supply drives down the price.
This manipulation works because the hedge funds, the main purchasers of the short contracts, do not intend to take delivery of the gold represented by the contracts, settling instead in cash. This means that the banks who sold the uncovered contracts are never at risk from their inability to cover contracts in gold. At any given time, the amount of gold represented by the paper gold contracts (“open interest’) can exceed the actual amount of physical gold available for delivery, a situation that does not occur in other futures markets.
In other words, the gold and silver futures markets are not a place where people buy and sell gold and silver. These markets are places where people speculate on price direction and where hedge funds use gold futures to hedge other bets according to the various mathematical formulas that they use. The fact that bullion prices are determined in this paper, speculative market, and not in real physical markets where people sell and acquire physical bullion, is the reason the bullion banks can drive down the price of gold and silver even though the demand for the physical metal is rising.
For example last Tuesday the US Mint announced that it was sold out of the American Eagle one ounce silver coin. It is a contradiction of the law of supply and demand that demand is high, supply is low, and the price is falling. Such an economic anomaly can only be explained by manipulation of prices in a market where supply can be created by printing paper contracts.
Obviously fraud and price manipulation is at work, but no heads roll.The Federal Reserve and US Treasury support this fraud and manipulation, because the suppression of precious metal prices protects the value and status of the US dollar as the world’s reserve currency and prevents gold and silver from fulfilling their role as the transmission mechanism that warns of developing financial and economic troubles. The suppression of the rising gold price suppresses the warning signal and permits the continuation of financial market bubbles and Washington’s ability to impose sanctions on other world powers that are disadvantaged by not being a reserve currency.
It has come to our attention that over-the-counter (OTC) derivatives also play a role in price suppression and simultaneously serve to provide long positions for the bullion banks that disguise their manipulation of prices in the futures market.
OTC derivatives are privately structured contracts created by the secretive large banks. They are a paper, or derivative, form of an underlying financial instrument or commodity. Little is known about them. Brooksley Born, the head of the Commodity Futures Trading Corporation (CFTC) during the Clinton regime said, correctly, that the derivatives needed to be regulated. However, Federal Reserve Chairman Alan Greenspan, Treasury Secretary and Deputy Secretary Robert Rubin and Lawrence Summers, and Securities and Exchange Commission (SEC) chairman Arthur Levitt, all de facto agents of the big banks, convinced Congress to prevent the CFTC from regulating OTC derivatives.
The absence of regulation means that information is not available that would indicate the purposes for which the banks use these derivatives. When JPMorgan was investigated for its short silver position on Comex, the bank convinced the CFTC that its short position on Comex was a hedge against a long position via OTC derivatives. In other words, JPMorgan used its OTC derivatives to shield its attack on the silver price in the futures market.

During 2015 the attack on bullion prices has intensified, driving the prices lower than they have been for years. During the first quarter of this year there was a huge upward spike in the quantity of precious metal derivatives.
If these were long positions hedging the banks’ Comex shorts, why did the price of gold and silver decline?
More evidence of manipulation comes from the continuing fall in the prices of gold and silver as set in paper future markets, although demand for the physical metals continues to rise even to the point that the US Mint has run out of silver coins to sell. Uncertainties arising from the Greek No vote increase systemic uncertainty. The normal response would be rising, not falling, bullion prices.
The circumstantial evidence is that the unregulated OTC derivatives in gold and silver are not really hedges to short positions in Comex but are themselves structured as an additional attack on precious metal prices.
If this supposition is correct, it indicates that seven years of bailing out the big banks that control the Federal Reserve and US Treasury at the expense of the US economy has threatened the US dollar to the extent that the dollar must be protected at all cost, including US regulatory tolerance of illegal activity to suppress gold and silver prices.
4.69231

Donnerstag, 25. Juni 2015

Auf spezielle Anfrage bei rolfjkoch@web.de

goudenmunt2
solidus issued by Roman Emperor Heliogabalus, who ruled from AD218-222

Stater, Croesus
One of the earliest known gold coins, the gold stater minted by King Croesus (who ruled Lydia from 561 – 546 BC). Incidentally, the coin depicted above sold for €63,000 at an auction (approx $70,500)