High Net Worth Investors Pouring Money Into Gold

from KingWorldNews:

Today Egon von Greyerz spoke with King World News about high net worth investors who are continuing to invest in gold and move their existing gold outside of the banking system. Greyerz, who is founder and managing partner at Matterhorn Asset Management out of Switzerland, also said the correction in the metals is over.
Here is what Greyerz had to say: “Gold is at a weekly highly for 2012. In my view we have probably seen the correction. The action in gold and silver is very bullish. They go up to higher levels, they consolidate at the higher levels, with a very small pullback, and then they move higher. I see the next big move as being up.”
Egon von Greyerz continues @ KingWorldNews.com



BTFD...Fill your Freezers... Buy it Cheap...and Stack it Deep...

Food inflation to be driven by record-high mass slaughtering of farm animals

by Jonathan Benson, Natural News:

The price of food is about to get a whole lot higher as a result of the mass slaughter of cattle stocks worldwide, which itself is a result of persistent drought conditions that have caused a shortage of staple food items, and a subsequent spike in animal feed costs. According to a new report out of England, the end result of this disastrous phenomenon will be a 14 percent overall jump in food costs throughout the next year, as food costs reach their highest levels ever on record.
The U.K.’s Guardian reports that many farmers are slaughtering their pig and cattle herds early, and in much higher quantities, because they simply cannot afford the high and rising costs of animal feed. As we reported previously, this action will result in lower meat prices in the immediate future, but significantly higher meat prices down the road, as eventually there will not be enough available animal stocks to meet demand.
Read More @ NaturalNews.com

New York's Ultraluxury Office Vacancy Rate Jumps To Two Year High As Financial Firms Brace For Impact

Traditionally, when it comes to reading behind the manipulated media's tea leaf rhetoric and timing major inflection points in the economy, the most accurate predictor are financial firms, whose sense of true economic upside (or downside) while never infallible, is still better than most. Yet unlike employment, which is usually a lagging, or at best concurrent indicator, one aspect that has always been a tried and true leading indicator, has been real estate demand, in this case rental contracts. Due to the long-term lock up nature of commercial real estate contracts, firms are far less eager to engage in rental transactions (and bidding wars) when they expect a worsening macroeconomic environment. Which is why news that office vacancy in Manhattan's Plaza district, the area between Sixth Avenue and the East River from 47th to 65th streets, anchored by the landmark Plaza Hotel at Fifth Avenue and Central Park South which is home to some of the nation’s most expensive and prestigious office towers, and where America's largest hedge funds and PE firms have their headquarters, has just risen to 12.3%, or a two year high, is probably the most troubling news for the economy and a real indicator of what to expect of the immediate future.

Guess Who Was The Biggest Beneficiary From The Fed's POMO Bonanza

There was a time before the Fed announced it would commence sterilizing its Large Scale Asset Purchases when every day in which there was a Permanent Open Market Operation, or POMO (remember those?) was a gift from Bernanke, virtually assuring the market would ramp higher. This phenomenon had been documented extensively in Zero Hedge and elsewhere (a comprehensive analysis can be found in "POMO and Market Intervention: A Primer"). The pronounced market effect of POMO was diminished somewhat once the Fed sterilized the daily flow injection by selling short-term bonds to Primary Dealers, even though the Fed continues to buy $45 billion in long-term bonds to this day, effectively mopping up all 10 Year+ gross Treasury issuance, and keeping the stock of long bonds in the private market flat at ~$650 billion as we observed before. All of this is well known. What was not known is who were the Fed's POMO counterparties. Now we know. Yesterday, the Fed for the first time ever released Transaction level data for all of its Open Market Operations. The new data focuses on discount window transactions (completely irrelevant now that there are $1.7 trillion in excess reserves and the last thing banks need is overnight emergency lending from the Fed when there is already a liquidity tsunami floating, yet this is precisely what the WSJ focused on), on FX operations, and, our favorite, Open Market Operations, chief among them POMOs. What today's release reveals is that once again a conspiracy theory becomes fact, because we now know just which infamous bank was by fat the biggest monopolist of POMO operations in a period in which banks reported quarter after quarter of zero trading day losses. We leave it up to readers to discover just which bank we are referring to.

A Few Remarks On Elections

Regardless of who you vote for, you can firmly depend on being disappointed in the areas that actually count. The whole idea that the democratic system such as it is allows voters to alter a nation's course by simply voting for a different  batch of politicians is profoundly mistaken. In reality, the ruling elites use the apparent differences as a slick political ploy: namely to implement whatever agenda they have already decided upon without arousing the anger of the hoi-polloi too much. One must very carefully parse everything one sees or hears on the 'approved' news media these days. More often than not things are not what they seem, and it only becomes clear after some time in what direction they are about to be taken. Often we are confronted with seemingly diametrically opposed opinions on how to tackle a burning problem. Later a 'compromise' will suddenly and 'unexpectedly' make its entrance, consisting of the very policies the elites wanted to introduce in the first place. Upon hearing of the 'compromise', everybody nods sagely and agrees that this is what should be done, not realizing that they were duped from the very beginning.

Trader Dan on King World News Metals Wrap

Trader Dan at Trader Dan's Market Views - 1 hour ago

Please click on the following link to listen in to my regular weekly interview with Eric King on the KWN Weekly Metals Wrap. *http://tinyurl.com/9qlcupa* 

 

 

Every Inflation Eventually Comes To An End

Admin at Marc Faber Blog - 3 hours ago

We don`t know when it will burst, but I could imagine that every inflation eventually came to an end. Consumer price inflation of the 1970`s came to an end, the asset inflation in equities, notably the Nasdaq in 2000 came to an end, then the commodities boom in 2007/2008 came to an end, the housing bubble came to an end. Seems that all the money is flowing essentially into the hands of well-to-do people in the financial sector. I could imagine a situation where suddenly well-to-do people will suffer the most. Either through increased taxation or through a decline in asset prices. - ... more » 

 

 

Embrace Change

Admin at Jim Rogers Blog - 4 hours ago

People who fight chance are fighting inevitability itself. - *in Adventure Capitalist* *Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.* 

 

 

Spain releases its 2013 budget showing a need of 60 billion for its banks/More public sector rioting in Spain,Italy, and Greece/ Big transporation strike in South Africa/

Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 4 hours ago

Good morning Ladies and Gentlemen: Gold closed down by $10.70 to $1771.10.  Silver also fell by 10 cents to $34.52.  Generally on first day notice both silver and gold rise.   However the backdrop of problems in Europe weighed in on gold and silver as the bankers continued to push the sell button. Spain introduced its 2013 budget showing that they are in need of 60 billion euros to shore up the

Finding the Ultimate Bug Out Property or Survival Retreat

from Off Grid Survival:

When it comes to buying a survival retreat or bug out location, location really is the key. Here are some of the top considerations that you need to keep in mind when looking for the ultimate bug out location.
Bug Out Location Checklist
Distance – If you’re purchasing a piece of property to serve as a bug out location, then you really need to consider how far that property is from your current home. Any property that you can’t make it to on a single tank of gas should really be reconsidered.
If you’re looking for a fulltime survival retreat, distance isn’t really a problem. In fact, I would think the farther you can get away from the major cities, the better off you will be during a major collapse or SHTF situation.

• How far is the land from your current location, and would you be able to safely make it there during a crisis situation?
• How far is the land from high density population areas?
Read More @ OffGridSurvival.com

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