Daily Digest 12/14 - Sustainable Business Awards 2014, Who Is The Next Mandela?
What is holding down the gold price? Fear of the end of quantitative easing? Manipulation by a few big players? Central banks leasing inventories? CPM Group Managing Partner Jeffrey M. Christian says forget about all of that. The bottom line is that demand is down as investors big and small wait to see where the price will settle before they start buying again.
What’s Holding Down The Price Of Gold? (David B.)
The single most important factor has been a massive decline in the investment demand for gold. In 2013 investors have bought about 30 million ounces (30 Moz) gold on a net basis globally. That’s down from about 39 Moz in 2012 and 31 Moz in 2011, but it is still at a very high level compared to historic investment demand. The net purchases are down 24% because some investors are selling gold.
An unemployed electrician was encouraged to move to Coventry, while another jobseeker was offered work as a bus driver in Malta.
Dublin defended the move insisting that the positions are voluntary and no one is being forced to leave the country.
An Icelandic court has sentenced four former Kaupthing bankers to jail for market abuses related to a large stake taken in the bank by a Qatari sheikh just before it went under in late 2008.
Weeks before the country's top three banks collapsed under huge debts as the global credit crunch struck, Kaupthing announced that Sheikh Mohammed bin Khalifa bin Hamad Al Thani had bought 5 of its shares in a confidence-boosting move.
Sustainable Business Awards 2014 (pinecarr)
The Guardian Sustainable Business awards recognise businesses big and small that are doing well by doing good.
The reason why silver continues to languish is purely a political one. Silver, along with gold, compete against fiat currencies. All [Western]currencies are issued by central banks. All central banks are owned by the elites, New World Order, [NWO], the moneychangers, call them whatever you will. These elites have a vested interest in preserving the Ponzi monopoly they have enjoyed ever since Mayer Amschel Rothschild discovered the power of interest collected on debt, over 200 years ago.
However his victory had cost him a lot. He lost some of his best generals, veteran soldiers and had suffered a serious wound himself. Although victorious, Pyrrhus has used up all his resources in his fight with the Romans. His army had withered in the process of defeating the Roman one.
Who Is The Next Mandela? (jdargis)
As Nelson Mandela is laid to rest, guest host Celeste Headlee asks if there's another activist who might galvanize the world in the same way. She speaks with Nicholas Kristof of The New York Times and Human Rights First's Brian Dooley.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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