Silver as an investment

Category Archives: Economy of Europe

Denmark’s New Law Could Block Nord Stream 2

Authored by Zainab Calcuttawala via OilPrice.com, A new law passed by the Danish government could authorize regulators to block the passage of the Russian Nord Stream 2 gas pipeline on security or foreign policy grounds, according to a new report by Reuters. Under previous laws, the two reasons above would not have constituted valid grounds […]

Weird Things Are Happening With Gold

Authored by James Rickards Last week featured two unusual stories on gold – one strange and the other truly weird. These stories explain why gold is not just money but is the most politicized form of money. They show that while politicians publicly disparage gold, they quietly pay close attention to it. The first strange […]

Friend Insists Death Of Republican Operative Behind WSJ Collusion “Bombshell” Wasn’t A Suicide

Yesterday we reported how the death of Peter Smith, a longtime Republican operative and financier, had been ruled a suicide. Smith was the primary source for a bizarre WSJ story that tried to link National Security Adviser Mike Flynn with a group of individuals organized by Smith who bargained with a Russian hacker group for […]

Who Knew? German Central Bank Has Been Selling Gold For More Than A Decade

Authored by Louis Cammarosano via Smaulgld.com, Deutsche Bundesbank gold reserves shrink 45 tons over the past ten years. German Central Bank holdings fall From 3,420.6 tons at the end of Q2 2007 to 3375.6 tons, a drop of 1,446,783 ounces. German gold reserves have decreased 1.3% over ten years. Bring the Gold Home & Sell […]

Greek Stocks Have Soared As EU Officials Hint At Future Debt Relief

Year-to-date, Greek stocks are among the best performing in the world (absent the currency-collapse-driven spikes in several troubled nations). The last few days have seen stocks spike further and today we get the 'rumor' that may have driven it as Handelsblatt reports an anonymous EU official stating that the Eurogroup could address Greek debt relief […]

“Audit The ECB”? – German Officials Call For Greater Oversight Of Central Bank

With the omnipotence of the world's central banks suddenly all too evidently exposed as nothing more than 'Oz'-like smoke-and-mirrors, it is not just US politicians that are losing faith and calling for more oversight of the most-powerful unelected officials in the world. Handelsblatt reports today that Germany's federal auditor says The ECB lacks accountability in […]

Euro Surges, Bunds Tumble On Report Draghi Considering Rate Hikes Prior To QE End

Update: Reuters chimes in with its own headline, saying the discussion was brief, without broad support.  SOME ECB RATE SETTERS RAISED POSSIBILITY OF RATE HIKES BEFORE END QE, DISCUSSION WAS BRIEF, WITHOUT BROAD SUPPORT – SOURCES * * * The EURUSD spiked, European stocks faded gains, and German Bund futures tumbled to session lows following […]

Turkish Lira Carnage Continues – World’s Most Volatile Currency Crashes Most Since Lehman

The Lira – officially the world's most volatile currency – has lost 11% of its value since the start of 2017 (down 8 of the last 9 days against the USD).   In fact, the lira headed for its biggest five-day loss since Lehman (Oct 2008) after a pledge by Turkey’s central bank to support […]

Bundesbank Repatriates Gold From New York, Paris “Faster Than Planned”

In January of 2016, the Bundesbank announced that three years after commencing the transfer of some of its offshore-held gold from vaults located at the Banque de France in Paris and the NY Fed in New York, it had repatriated a total of 366.3 tonnes, bringing the German central bank’s gold reserves held in Frankfurt […]

How Trump Will Impact The European Union

Submitted by Peter Cleppe via Reaction.life, Unsurprisingly, in Brussels people are not thrilled with Donald Trump’s election as new American President. EU Commission President Jean-Claude Juncker reacted by saying “We will need to teach the president-elect what Europe is and how it works”, but it seems more likely it is Europe that must learn about a number of […]