Sell gold | Silver and <b>Gold</b> as Currency – “Don't <b>Sell</b> It, Spend It.” | The Daily <b>...</b> |
- Silver and <b>Gold</b> as Currency – “Don't <b>Sell</b> It, Spend It.” | The Daily <b>...</b>
- <b>Gold</b>: Buy Shanghai, <b>Sell</b> London | <b>Gold</b> News
- Angkor <b>Sells</b> Portion of 7.5% NSR on Phum Syarung <b>Gold</b> <b>...</b>
| Silver and <b>Gold</b> as Currency – “Don't <b>Sell</b> It, Spend It.” | The Daily <b>...</b> Posted: 04 May 2014 07:46 PM PDT Rory Hall
There's a time when the operation of the machine becomes so odious, makes you so sick at heart, that you can't take part! You can't even passively take part! And you've got to put your bodies upon the gears and upon the wheels…upon the levers, upon all the apparatus, and you've got to make it stop! And you've got to indicate to the people who run it, to the people who own it, that unless you're free, the machine will be prevented from working at all! ~Mario Savio When I wrote "Breaking Away From the System" I had forgotten Perpetual Assets offered a silver backed debit card. David Morgan, the silver guru, and I discussed this fact and David also explained how this all came about. At the Silver Summit in Spokane a few years ago David was speaking about precious metals mining in Idaho and working with the local government to help them figure out how the legislation should work. After his lecture, a gentleman named Dale Olmstead ( you can contact Dale at pmb-v@hotmail.com ) approached David and ask if they talk. Dale explained to David that he had an idea for a precious metals backed debit card. After a short conversation, they parted ways and little thought, on David's part carried forward. A couple of months later Dale contacted David and proclaimed he had created the precious metals backed debit card! If you are serious about getting out the debt-based, fraud known as the US Dollar, this is a great way to take a giant step in that direction. Need a new generator, AR-15, solar panels to keep the lights on? Why not use gold and silver to make the purchase? Why do you possess real money if you are not going to use it? I understand the "insurance policy" aspect of these monies, but they are intended to be used. How do we, the gold and silver community, plan on making a difference if we are sitting on our assets and doing nothing? What is it going to take to truly wake people up to make the necessary changes and the hard decisions that are REQUIRED to break the system? Delivered by The Daily Sheeple Contributed by Rory Hall of The Daily Coin. Please share: Spread the word to sheeple far and wide Leave A Comment...  | |
| <b>Gold</b>: Buy Shanghai, <b>Sell</b> London | <b>Gold</b> News Posted: 02 May 2014 05:13 AM PDT Goodbye Shanghai gold discount, hello London gold premium... SO TWELVE months after gold and silver's first post-crash rally ($1475 anyone?) the earthquake of Spring 2013's slump has shuffled the world's available stockpiles of metal, writes Adrian Ash at BullionVault. Contrary to what some internet pundits will tell you, Chinese wholesalers have plenty of bullion stockpiled today, ready for when consumer demand picks up. That's visible in Switzerland too, where dealer-level premia being asked by Swiss refiners for kilobars and other retail units have fallen. Prices have come down since New Year, suggesting ample supply. US warehouses are meantime accumulating more metal as well, thanks in the main to China's lower imports of gold bars. Because it leaves US miners and refiners needing somewhere to park their output until demand turns higher. Only here in London, in contrast, is metal looking a bit tight. Only a little, and only according to the gold borrowing rates quoted by the biggest bullion banks. Heart of the world's bullion trade, however, London saw more than 1,700 tonnes of gold exported from the UK thanks to 2013's price crash. That metal is now stacked up elsewhere, much nearer the refiners and end-consumers they serve. Seeing how China is also the No.1 mine producer, as well as importer and consumer, last year's shake-up has tilted the gold market on its axis. Instead of a Shanghai premium, therefore, we've now had a London premium...over and above Chinese prices...for more than two months. What gives? Renaming the more usual China premium a "London discount" was an idea first floated by Matt Turner at Macquarie back in late March. But if a big buyer now wants metal in London, the world's central market and traditional terminus for vaulting, dealing and shipping, he or she has had to pay more than they would in China since late February. This might be an abberation, of course. The gold market has grown accustomed to Chinese wholesalers paying up to receive metal. Indeed, that Shanghai premium has been precisely what pulled metal into China from London vaults...all 1,700 tonnes of it in 2013...as importers were incentivized to book shipments by that "buy London, sell Shanghai" arbitrage. But what if that Shanghai premium, as Macquarie suggested (albeit playfully) was in truth a London discount? China is the No.1 miner, consumer and importer. Whereas the UK barely registers. Viewing China's pricing as the benchmark might seem controversial today...the kind of nonsense you could find anywhere on the internet. But might it yet be the gold market's future? Either way meantime, China really isn't a one-way street for higher prices. Not now its wholesalers are holding more metal closer at hand. Consumer markets tend to like low prices, after all. And here in spring 2014, amid a seasonally quiet patch for Chinese demand, the heaviest consumers of gold still seem to find current prices uninspiring. Here in London, in contrast, there's a little premium to pay compared to Shanghai. Trouble is, that "buy Shanghai, sell London" arb isn't available. Chinese gold exports don't run anything like as freely as imports, which themselves are closely controlled. For now. | |
| Angkor <b>Sells</b> Portion of 7.5% NSR on Phum Syarung <b>Gold</b> <b>...</b> Posted: 02 May 2014 06:21 AM PDT  | Source: Angkor Gold Corp. GRANDE PRAIRIE, Alberta, May 2, 2014 (GLOBE NEWSWIRE) -- ANGKOR GOLD CORP. (TSX-V:ANK) ("ANGKOR") is pleased to announce that a consortium of investors have purchased an aggregate of 2.5% of the 7.5% Net Smelter Royalty ("NSR") on the Phum Syarung gold prospect. Of the 2.5% NSR sold, 1.0% was sold to related parties of Angkor. The money was raised on the basis of $175,000 per 0.5% and carries a buy back clause by Angkor. A total of $875,000 was raised. The proceeds of the sale are being used to fund ongoing exploration in Cambodia and to eliminate debt. Angkor owns an NSR on all future production at Phum Syarung by Mesco Gold Ltd. ("Mesco"). The NSR is based on a sliding scale gold price as announced on November 14th 2013 and at the current spot price of gold, the NSR would be 7.5%. Mike Weeks, CEO of Angkor Gold commented, "This is a win/win. The NSR is being purchased by existing shareholders and provides the Company with a non-dilutive source of funds for exploration, further prospect generation, and license obligations. The buyback gives Angkor the flexibility to regain that portion of the NSR as Mesco is closer to production." ANGKOR's 7 exploration licences in the Kingdom of Cambodia cover 1448 km2, which the company has been actively exploring over the past 5 years. The company has now covered all tenements with stream sediment geochemical sampling; has flown low level aeromagnetic surveys over most of the ground; drilled 18,737 metres of NQ core in 148 holes; and has collected in excess of 20,000 augered 'C' zone soil samples and over 48,000 termite mound samples in 17 centres of interest, over a combined area of 80km2, in addition to numerous trenches and detailed geological field mapping. Exploration on all tenements is ongoing. ANGKOR GOLD CORP., a public company listed on the TSX Venture Exchange, is Cambodia's premier gold explorer with a significantly large land package and a first-mover advantage with excellent relationships at all levels of Government (local to national). Because the value of the NSR sale is less than 25% of Angkor's market capitalization, Angkor is exempted from the requirement to have a formal valuation and from the requirement for minority shareholder approval with respect to the transaction. As of the date of this press release, based upon the last closing price of Angkor's common shares on the TSX Venture Exchange, Angkor's market capitalization is CA$28,616,440. The transaction was approved by the Board of Directors of Angkor, with those directors who intended to purchase a portion of the NSR abstaining from voting. THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM FOR FURTHER INFORMATION PLEASE CONTACT: ANGKOR GOLD CORP. Mike Weeks, President Telephone: (780) 568-3801 Email:
FOR FURTHER INFORMATION PLEASE CONTACT: ANGKOR GOLD CORP. Mike Weeks, President Telephone: (780) 568-3801 Email: Symbol: ANK 0.35 CHANGE: |
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