As concerns rise regarding currency debasement and $15+ trillion in sovereign bonds trading at negative yields, interest in buying silver and gold is growing.
The Solari Report library is rich with great discussions with Franklin Sanders of The Moneychanger on how to buy and store gold and silver. To help those interested in the basics, we are republishing edited versions of the best of these discussions to give our subscribers easy access to timeless answers to your questions about precious metals.
Part VII:
The related Solari Reports were published in 2009-11.
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Dear Catherine,
Corbett report has an excellent documentary about federal reserve:
https://www.corbettreport.com/federalreserve/
Corbett does good work. I have not watched that one. It’s on the list!
Dear Catherine
This article and video from Mark O’Byrne at GoldCore might be of interest to those who follow gold.
https://news.goldcore.com/ie/gold-blog/video-has-germany-increased-its-gold-reserves-for-the-first-time-in-21-years/
Has the German Bundesbank increased Germany’s gold reserves for the first time in 21 years?
The important story of how Bloomberg (and only Bloomberg via the Bloomberg terminal) reported that Germany had added to its gold reserves and that “Germany’s reserves climbed to 108.34m oz in September, the first increase since 1998”
The Bundesbank gold buying was questioned by Jaspar Crawley, the Director of Institutional Investment at the WGC in a tweet where he noted “that the IMF database – which triggered the story in the first place – has been amended to show no change” but the image he shared on Twitter was illegible
Bloomberg corrected the original story on the terminal on October 29th and said that the German gold reserves were “unchanged” at 108.25 m oz
Did the IMF get the data wrong? Or was the IMF data correct in the first place and the Bloomberg article correct in the first place but due to the significant sensitivities about the story, the IMF decided to revise the German gold data to “unchanged”
Things that make you go hmmm.
Dear Catherine
This was an excellent history lesson. Although it’s an oldie, it’s a goodie so I was wondering, is a transcript available of this interview?
Three years ago Canada sold off all its gold reserves. Now Canada’s total gold reserves amount to less than a few ounces. It seems like an odd (if not suspicious) move to have been made, especially at a time when other countries are busy accumulating as much gold as they can. And in the meantime Canada continues to churn out maple leaf coins. Do you have any idea what the real story is behind the massive gold sale?
When Gordon Brown liquidated Britain’s gold reserves in what is known as ‘Brown’s Bottom’, it was the banks that scooped up a huge supply at bargain prices. In the case of Canada, do you know who wound up buying all their gold?
Andrew:
Yes – It was in the post under related reading. I added a section called Transcript so it would be more evident. Here it is:
https://library.solari.com/wp-content/uploads/2011/Solari_Report-Precious_Metals_Top_Ten_Dates-2011.pdf
I don’t know the sources and uses on the Canadian sale. I will check with Kirby.
Catherine
Sorry for the oversight, but thanks for the link.
No apologies necessary. The challenge of being familiar with the content, is you can allow things to be obscure. I am still getting over being investment banker who is paid to keep everything secret, surrounded by greedy traders who are trained to sleuth out a needle in a haystack.
Thank you for this!
Glad you accessed it. It is a classic. So much we did not get in history class.