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Germany Has Recovered A Paltry 5 Tons Of Gold From The NY Fed After One Year

GIH: It appears that the so called “Gold Conspiracy” that Gold is being sold secretly and in some cases being replaced by tungsten, has been going on for years.  According to the following internal central bank memo, Gold delivered to the Bundesbank was not received as “Good Delivery” – also, Germany’s recent project to repatriate […]

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Central Bank of China imposes Bitcoin restrictions for financial institutions, price falls

The PBOC said explicitly that it’s now forbidden for financial institutions to develop any business related to Bitcoin.  But they left it open that the public is free to participate in such transactions, so long as they bear the risk. FT adds: The Chinese regulators noted three main risks. First, they said Bitcoin was an […]

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Auction System Failure Forces US Treasury To Postpone 3, 6-Month Bill Auctions

It’s hard to believe that the computer systems running multi-billion dollar markets are crashing, like the Nasdaq has been doing on a near weekly basis.  But now it’s happening to the US Treasury market.  It makes one wonder about the real stability of our markets, when the systems that run them are constantly breaking. While […]

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Bitcoin Rises Over $500 – Is it a valid asset?

Bitcoin has breached the $500 mark as the US Congress convenes its first hearing on “Virtual Currencies.”  From Zero Hedge: Finally, for those curious what a “fair value” on Bitcoin may be, here is what we presented [13]a week ago, courtesy of Global Macro Investor’s Raoul Pal: So yes: Bitcoin is volatile. Very. That much […]

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C.I.A. Collects Global Data on Transfers of Money

It appears the NSA is not the only agency with data collection programs that are not widely known.  Several officials (both current and former) confirmed the programs’ existence anonymously as the program is classified.  From the New York Times: The Central Intelligence Agency is secretly collecting bulk records of international money transfers handled by companies […]

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