Reports from the Monetary Front Lines

Reports from the Monetary Front Lines
Post Date June 10, 2015
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Category Solidus.Center

Don’t Mess with Texas Gold

The Texas legislature recently passed a bill allowing for the creation of a state-run gold depository. If approved by Governor Gregg Abbot, the facility would enable the state to “repatriate” its $1 billion in bullion, which is currently in the custody of Hong Kong and Shanghai Bank in New York. Interestingly, the bill designates the depository as the final destination for “bullion acquired by and transferred to the state and state agencies“, implying that Texas would consider its gold holdings to …

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Busted Metals Traders Distract from Larger Manipulation Problem

Busted Metals Traders Distract from Larger Manipulation Problem
Post Date May 20, 2015
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Category Solidus.Center

Author’s note: Although limiting the Federal Reserve is the core mission of Solidus.Center, it’s also important to expose the egregious behavior of Fed-enabled Big Banks.

Two traders from the United Arab Emirates, Heet Khara and Nasim Salim, were recently suspended for manipulating the price of gold and silver on the Chicago Mercantile Exchange. The two traders utilized a technique called “layering”, the same technique that Navinder Singh Sarao utilized to facilitate the Flash Crash of 2010, which plunged the stock market 600 points in a matter of minutes. …

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Repatriation of Gold from Fed Suggests Historic Vote of No Confidence

Repatriation of Gold from Fed Suggests Historic Vote of No Confidence
Post Date May 5, 2015
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Since 2012, there’s been an unprecedented call from foreign nations to repatriate their gold from Federal Reserve vaults in the U.S. This is an incredible development given many countries’ 71-year reliance on the Fed as a custodian of their bullion. Over the last few years, countries including, but not limited to, Germany, the Netherlands, France, Belgium, Austria, Poland, Ecuador, Finland, Switzerland, Venezuela, and Romania have either formally requested repatriation of their gold or are in discussions with the Fed about it. Some of these nations …

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