Daily Digest

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Daily Digest 11/2 - Climate Change Could Threaten Food Supplies, What Is Gold Really Worth?

Saturday, November 2, 2013, 11:22 AM

Economy

China Imports 0.7% Less Gold Than August, Bloombergs Says Slowdown (Taki T.)

It is quite astonishing that Bloomberg reads a “slowdown” in these data. The facts are that, since the year 2000, only two months saw significantly higher imports than September, i.e. March and July of this year. August and September (with a minor difference of 0.7%) were the third best months ever when it comes to gold imports to China through Hong Kong. In our previous update China Imports Another 131 Tonnes Of Gold we showed the following chart. It makes our point clear.

Why whistleblowers are crucial for democracy: Linden MacIntyre (westcoastajan)

Another leak: an associate in Ottawa drove to a residential address where, by arrangement, an envelope was recovered from a private mailbox. The document retrieved from that mailbox was instrumental in derailing a secret process to licence an agricultural drug of dubious value and demonstrated peril.

That’s the way the whistle blew in “the old days.” Now the revolution in technology has simplified the process and amplified the whistle to a degree that would have been unimaginable even 20 years ago.

Mayor rejects Bill 2491, says it’s legally flawed (steve thatcher)

The bill requires Kauai’s largest agricultural companies, as well as Kauai Coffee, to disclose their use of pesticides and genetically modified crops. It also establishes buffer zones around schools, hospitals, roads and other sensitive areas, and requires the county to complete an environmental and health fact-finding study on the industry’s impacts.

What Is Gold Really Worth (Taki T.)

If the gold price falls below the production cost ($1,200), gold exploration is done and demand totally overwhelms supply. Besides, as the gold price rises, some commodity based demand may drop but monetary demand goes up. In the new Shanghai futures exchange, the amount of gold deliveries per month is almost equivalent to total global mine supply. So it is the monetary aspect that is overwhelming; it is not the commodity aspect that makes the difference.

Climate Change Seen Posing Risk to Food Supplies (jdargis)

The report also finds other sweeping impacts from climate change already occurring across the planet, and warns that these are likely to intensify as human emissions of greenhouse gases continue to rise. The scientists describe a natural world in turmoil as plants and animals colonize new areas to escape rising temperatures, and warn that many could become extinct.

This Little LED Of Mine (jdargis)

Regulators are getting involved, too. The Environmental Protection Agency recently finished overhauling lighting standards for its Energy Star program, making it easier for more LEDs to qualify for generous discounts. And California, a leader in all things green, is going even further, with elaborate new requirements to control not just how much electricity the bulbs use but how the light feels.

Gold & Silver

Click to read the Gold & Silver Digest: 11/2/13

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

1 Comment

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2244
Maguire - Big Banks In Trouble As Major LBMA Default Nears

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/1_Maguire_-_Big_Banks_In_Trouble_As_Major_LBMA_Default_Nears.html

 

On the heels of continued volatility in the gold and silver markets, today the man who three weeks ago correctly predicted gold would surge above $1,300, is now warning King World News that the LBMA is now moving closer to a major “default.”  London metals trader Andrew Maguire also spoke with KWN about what the big banks so incredibly worried at this point...

"Unfortunately, for the bullion banks leverage works in two ways, and what we are seeing now is the start of a ‘forced unwind’ of these rehypothecated positions.  There is simply not enough physical (gold) for them to cover (their) positions, and that’s why we will see a default (at the LBMA).”

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