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Friday, February 15, 2013

Central Banks Buy Most Gold Since 1964, highest level for half century…and then there’s Putin

‘Central Banks’ translate ‘Luciferian, Rothschild/Rockefeller bankster cabal’!

You’d think they are preparing for a currency collapse since Gold is a hedge against such. Which currency? How about all the Western ones.

And the biggest will be the US world currency and the shame is, it’s all according to plan! And our ‘so called’ government is in on it!

Banks Buy Most Gold Since 1964...

Worldwide gold demand in 2012 was another record high of $236.4 billion in the World Gold Council’s latest report. This was up 6% in value terms in the fourth quarter to $66.2 billion, the highest fourth quarter on record. Global gold demand in the fourth quarter of 2012 was up 4% to 1,195.9 tonnes.

Central bank buying for 2012 rose by 17% over 2011 to some 534.6 tonnes. As far as central bank gold buying, this was the highest level since 1964. Central bank purchases stood at 145 tonnes in the fourth quarter. That is up 9% from the fourth quarter of 2011, and the eighth consecutive quarter in which central banks were net purchasers of gold.

The World Gold Council said:

Central banks’ move from net sellers of gold, to net buyers that we have seen in recent years, has continued apace. The official sector purchases across the world are now at their highest level for almost half a century.

If you want to know why Silver Wheaton Corp. (NYSE: SLW) is changing its mix to gold and silver, now you know. Investors of the SPDR Gold Shares (NYSEMKT: GLD) and ETFS Physical Swiss Gold Shares (NYSEMKT: SGOL) will want to pay attention to lower gold demand. There were some interesting observations:

While Indian full year demand was down 12% on the previous year, the fourth quarter jump of 41% to 261.9 tonnes saved the day as jewelry and investment demand hit a six-quarter high. Demand for jewelry was up 35% to reach 153.0 tonnes, and strong retail demand led to 108.9 tonnes of investment buying.

Chinese demand was flat due to the economic slowdown, but the slowdown there was said to be shorter than expected. Total demand was up 1% in the fourth quarter to 202.5 tonnes. Jewelry demand was up 1% to 137.0 tonnes in the fourth quarter, and investment demand was up 2% to 65.5 tonnes.

The fourth-quarter 2012 average gold price reached a record level of $1,721.8 an oz., up 1% on the previous record average price in the third quarter of 2011. The fourth-quarter 2012 supply of gold from mines was up 2% year-on-year, while recycling was down 5% against the same period.

Investment demand (the sum of ETFs and total bar and coin demand) was 424.7 tonnes, down 8% compared to the same quarter last year, but was 19% above the five-year quarterly average. Demand for ETFs and similar products in the fourth quarter was down by 16% on the corresponding quarter in 2011 to 88.1 tonnes, but was up by 51% on the full year.

Jon C. Ogg

By the way, guess who else is buying huge chunks of gold:

Vladimir Putin Is Trying to Buy Up the World's Gold - DailyFinance
www.dailyfinance.com/ 2013/ 02/ 11/ russia-gold-buying-spree-vladimir-putin/ - View by Ixquick Proxy - Highlight
3 days ago ... Russia has become the world's biggest buyer of gold. Following a policy set by long-time leader Vladimir Putin, Russia's Central Bank added ...
Why is Putin stockpiling gold? - MarketWatch
articles.marketwatch.com/ 2012-09-05/ finance/ 33598259_1_gold-reserve-world-gold-council-power-politics - View by Ixquick Proxy - Highlight
Sep 5, 2012 ... I can't imagine it means anything cheerful that Vladimir Putin, the Russian czar, is stockpiling gold as fast as he can get his hands on it.
Putin Turns Black Gold to Bullion as Russia Outbuys World ...
www.bloomberg.com/ news/ 2013-02-10/ putin-turns-black-gold-into-bullion-as-russia-out-buys-world.html - View by Ixquick Proxy - Highlight
4 days ago ... When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he's not just talking. He's betting on it.
Putin on the Ritz: Russia Now World's Biggest Gold Buyer (Added ...
www.theblaze.com/ stories/ 2013/ 02/ 11/ putin-on-the-ritz-russia-now-worlds-biggest-gold-buyer-added-570-metr ic-tons-in-10-years/ - View by Ixquick Proxy- Highlight
4 days ago ... In September 2012, TheBlaze reported that Russian President Vladimir Putin had been grabbing up gold “as fast as he can get his hands on it.
Vladmir Putin Is Trying To Buy Up The World's Gold
www.huffingtonpost.ca/ 2013/ 02/ 12/ vladmir-putin-is-trying-t_n_2669373.html - View by Ixquick Proxy - Highlight
3 days ago ... According to a new report from Bloomberg, Russia has become the world's biggest buyer of gold under the leadership of Vladimir Putin.
Vladimir Putin Turns Oil to Gold
www.wealthwire.com/news/metals/4531 - View by Ixquick Proxy - Highlight
3 days ago ... Russia now becomes the biggest oil producer AND gold buyer...
Double Down: Vladimir's Putin Billions Into Gold In Anticipation of ...
www.infowars.com/ double-down-vladimirs-putin-billions-into-gold-in-anticipation-of-glo bal-upheaval/ - View by Ixquick Proxy - Highlight
Sep 10, 2012 ... According to the World Gold Council, Russia has more than doubled its gold reserves in the past five years. Putin has taken advantage of the ...
Putin Playing the Long Game Stockpiling Gold
www.realclearpolitics.com/ 2013/ 02/ 11/ putin_playing_the_long_game_stockpiling_gold_301676.html - View by Ixquick Proxy - Highlight
4 days ago ... Not only has Putin made Russia the world's largest oil producer, he's also made it the biggest gold buyer. His central bank has added 570 ...
The Daily Bell - Bloomberg: Heroically, Putin Buys Gold
www.thedailybell.com/28681/Bloomberg-Heroically-Putin-Buys-Gold - View by Ixquick Proxy - Highlight
3 days ago ... Putin Buys Gold Daily Bell Mainstream Media Dominant Social Theme Franklin Roosevelt Adolph Hitler Internet Reformation Thedailybell.com.
Putin turns black gold to bullion, Russia outdoes world in gold buy ...
articles.economictimes.indiatimes.com/ 2013-02-12/ news/ 37058921_1_dmitry-peskov-biggest-gold-gold-buyer - View by Ixquick Proxy- Highlight
3 days ago ... MOSCOW: When Vladimir Putin says the US is endangering the global economy by abusing its dollar monopoly, he's not just talking.
Prison Planet.com » Putin Turns Black Gold to Bullion as Russia ...
www.prisonplanet.com/ putin-turns-black-gold-to-bullion-as-russia-outbuys-world.html- View by Ixquick Proxy- Highlight
4 days ago ... Not only has Putin made Russia the world's largest oil producer, he's also made it the biggest gold buyer. His central bank has added 570 ...
Raymond J. Learsy: Putin's Russia Now World's Largest Gold ...
www.huffingtonpost.com/ raymond-j-learsy/ putins-russia-now-worlds_b_2668286.html - View by Ixquick Proxy - Highlight
3 days ago ... Given the stakes at hand, would it be a real surprise that with its wealth and given the economic and strategic importance of oil revenues to ...
Putin banking on gold - GOLD NEWS - Mineweb.com Mineweb
www.mineweb.com/ mineweb/ content/ en/ mineweb-gold-news?oid=177237 &sn=Detail - View by Ixquick Proxy - Highlight
3 days ago ... Mineweb.com | The world's premier mining and mining investment website.
Putin Turns Black Gold Into Bullion as Russia
www.nasdaq.com/ article/ putin-turns-black-gold-into-bullion-as-russia-cm216077 - View by Ixquick Proxy - Highlight
4 days ago ... NASDAQ News: Putin Turns Black Gold Into Bullion as Russia.
Russia emerges as world's top gold buyer, adding 570 metric tons in ...
www.hangthebankers.com/ russia-emerges-as-worlds-top-gold-buyer-adding-570-metric-tons-in-las t-decade/ - View by Ixquick Proxy - Highlight
3 days ago ... By 2005 the ratio had dropped to 6.5 and that is when President Putin ordered his Central Bank to buy. In just a month the proportion of gold in ...
Putin Turns Black Gold to Bullion as Russia Outbuys World ... - Investa
www.investa.com/ putin-turns-black-gold-to-bullion-as-russia-outbuys-world-bloomberg-0 2-11-13/ - View by Ixquick Proxy - Highlight
3 days ago ... Salient Points: The median analyst expects gold to advance to $1825 by the end of 2013. Russia is the world's largest oil producer and gold ...
Putin Turns Black Gold Into Bullion as Russia Out-buys the World ...
www.caseyresearch.com/ edition/ putin-turns-black-gold-bullion-russia-out-buys-world - View by Ixquick Proxy - Highlight
3 days ago ... Well, it's a chart pattern that you've seen before...and comes as no surprise to me.
Vladmir Putin is Trying to Buy Up the World's Gold - Walletpop Canada
www.walletpop.ca/2013/02/11/vladimir-putin-is-buying-up-gold/ - View by Ixquick Proxy - Highlight
3 days ago ... According to a new report from Bloomberg, Russia has become the world's biggest buyer of gold under the leadership of Vladimir Putin.
By Putin's command, Russia is the largest gold buyer of last decade
www.usgoldbureau.com/ news/ gold-news/ putins-command-russia-largest-gold-buyer-last-decade - View by Ixquick Proxy - Highlight
2 days ago ... February 12, 2013 – Already the largest oil producer in the world, Russia has also become the largest buyer of gold bullion on the planet, ...
Vladimir Putin is frantically stockpiling gold - why? - Business ...
www.catholic.org/business/story.php?id=47521- View by Ixquick Proxy- Highlight
Sep 7, 2012 ... Ruthless Russian strongman has been collecting bullion on a monthly basis. Russian President Vladimir Putin is buying gold as fast as he can.

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