Gold and What Moves it.
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Tracking all things that relate to and affect the price of gold.
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Nigel Farage - Cyprus Rejection Sets Up A Crash In Markets

Nigel Farage - Cyprus Rejection Sets Up A Crash In Markets | Gold and What Moves it. | Scoop.it

Today Nigel Farage told King World News the Cyprus government officials would vote out of fear to save their own lives and that’s exactly what happened.  Farage, who is Britain’s popular MEP, told KWN that what just happened in Cyprus is much bigger than the Icelandic revolt, and that it has now set up a crash in markets.  Here is what Farage had to say in this extraorindary interview:  “Even my direst predictions about what the bureaucrats in Brussels would do to prop-up the failing eurozone crisis, even I didn’t predict they would resort to theft, and that is all you can call this.  It is theft.  It is the breach, of course, of their deposit guarantee they put in place in 2008.”


“And perhaps on a higher level it’s actually a breach of the basic principle of the rule of law, which is one of the governing functions of the whole of our Western civilization.  So it is a truly astonishing thing that they (central planners) have done.

 

Have they thought through the consequences of this?  Because if you do it once (steal from bank depositors) in one eurozone country, what’s to stop you from doing it again in another eurozone country? ...


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Nepal Gold imports up nearly 15%

Nepal Gold imports up nearly 15% | Gold and What Moves it. | Scoop.it
Nepal Gold and Silver Dealers Association said import value of gold shot up by double digit during the six-month period even though daily imports of gold through formal channel remained unchanged at 15 kg.

 

KATHMANDU(BullionStreet): Nepal imported 14.38 percent more gold during the first half of this fiscal as against the same period of last fiscal year.

 

According to Nepal Trade and Export Promotion Center, the nation imported gold worth Rs 13.28 billion in the six-month period to mid-January as against Rs 11.61 billion recorded in the same period last year.

 

The Center attributed the hike to international price hike of the precious yellow metal and depreciation of Nepali currency. ...

Hal's insight:

Now why in the world would they want gold, hmmm? LOL  

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