Germans thought on gold:
Strategic reserves of gold: How a country store should be gold
It is one of the most important duties of each central bank to secure the gold reserves of the country. Against the backdrop of the emerging global religious, political, monetary and economic tensions in the highest degree, it seems irresponsible to keep the gold reserves of a country in the world's largest financial centers instead of at home
Julian DW Phillips, Gold Forecaster, 06/02/2012
Most central banks store the gold of her country in central bank vaults, where the largest financial centers are located. These financial centers including New York, London and Canada.
In a peaceful, cooperative world makes this approach even make sense because it is one of the main tasks of any central bank to dispute the gold in international trade, should the country's own currency is not convertible or more foreign exchange reserves to be applied. By storing the gold outside the country, it is immediately available when needed for payments abroad, or as collateral.
The disadvantages, if a country keeps its gold reserves abroad
Last week, Iran, that he currently holds 907 tons of gold. Developed countries have it banned Iran just to push gold and silver trade - but there are also other places than the industrialized countries, may retire on the Iran if the country wants to trade precious metals.
Since the gold is kept the Iranians in their own country, it is beyond the reach of the industrialized countries. Iran would be gold instead stored in the vaults of the largest industrial countries, it would be shared with the other Iranian assets held abroad have been frozen. And even if we do with the policies and attitudes of Iranians may not be compliant, emerges with respect to its gold stored safely learn a lot.
The actual ownership and direct access means that you have the freedom to do with an asset and not to do whatever you want. In our case it is about the assets of a nation. That the assets of Iran are just frozen demonstrates clearly that other countries are in a position to affect this freedom.
The governments feel entitled to impose the assets of other people within their own legal area limitations. And it is precisely this concept of the 'right to restrict ownership "will prove in the future as a problem that is increasingly gaining in importance.
We live in a changing world, where the under-developed countries, emerging markets increasingly converge, while the emerging countries to gain at the expense of industrialized countries in wealth and power. Currently, we are therefore dealing with a variety of changes, which would amount to the level of international cooperation because of increasing political, religious, monetary, and economic tensions will fall more and more.
A country that is in respect of such future developments in mind, is Venezuela. The Venezuelan gold stocks were recently in the vaults of Canada, Great Britain, the USA and Europe and is thus deprived of the full control of the country.
The politics of Venezuela - what is the nationalization of the gold mines and gold exports - has met in the industrialized countries with little enthusiasm. And since it is mainly in Venezuela is a country ölexportierendes to lessen the foreign-unpopular president as appropriate to bring back all the gold of the country again.
Venezuela's gold comes home
Venezuela is actually managed to bring its 160 tons of gold from the mines in the industrial countries back home. There is no question that the national sovereignty of the country by such a step will be secured. Venezuela's gold can not be more victims of the political ambitions of the U.S., Canadian or European governments.
In addition, Venezuela is probably still possible to have up to 3,000 tons of gold in the earth, and it is quite likely that the government of that gold stocks that gradually - just as long as it takes to promote this gold - will add.
Basically, you would then be able to use the U.S. dollars they receive from their oil sales to pay for the gold mines - which means nothing more than that they would switch from their national reserve currencies towards gold. They would go in that direction, would the gold market lost another source of world gold supply.
Regardless of the politics of a country is one of the key responsibilities of the central banker to do everything in their power to protect the gold of the nation and to control the value of its currency reserves.
Since we are dealing now with a global hegemony of the U.S. dollar, much of this power lies in the hands of the currency issuer. But to grow the more the problems of the country, the more important it is for central bankers to take stronger measures to protect the national reserves of the country.
Most at risk, of course, all those countries whose political views are different from those of developed countries or the most international trade is not dependent on the major industrialized countries. Ultimately, it is so that the great nations have towards some sort of economic colony much more effective means at hand to make their influence felt.
The conclusion from all this is that the countries at risk should logically hold as much gold as possible in their own country. That one dollar in New York and Euros must operate in Europe, because they can only change a little - but a country like Venezuela that its gold reserves, gets home, and additionally has the "natural" asset diversification in the form of gold deposits in the soil has, acts through the expansion of the domestic gold stocks just in the sense that national interests.
China goes the same way
China has banned the export of gold by law and increases the number of bank licenses for gold imports significantly. The result of this gold inflows simultaneous absence of any gold exports is that China's gold holdings to grow rapidly:
China has about 361 tons in 2011 produced gold, while the government is expanding the domestic gold mining operation continued progress. This figure could even be a massive understatement, since the gold-gold production and the recycling of the members of the China Gold Association in the calculations were not considered.
In addition, introduced in 2011 490 tonnes of gold via Hong Kong to China. It is quite possible that further gold imports reached through other routes to China, which were not included in this total.
At the beginning of the Chinese Year of the Dragon, Chinese imports have risen by 50%, bringing the total imports, it would be highly likely in 2012, amounted to 750 tons of gold.
China prepares to Shanghai just before becoming the center of the yuan to trade and its leading financial center. At present, Hong Kong has held this role - a city that already has huge modern gold vaults of what we have already described in a previous article. In this article we have also noted that China, we believe that over time in the second-most important, if not major gold trading center will transform the world.
Once again, the Chinese have banned gold out of the country! Thus could the privately held gold in the Chinese, of course, at any time be targets of state confiscation to add it to the national stockpile.
Lesen Sie mehr über Strategic reserves of gold: How a country store should be gold von translate.googleusercontent.com
Strategic reserves of gold: How a country store should be gold
It is one of the most important duties of each central bank to secure the gold reserves of the country. Against the backdrop of the emerging global religious, political, monetary and economic tensions in the highest degree, it seems irresponsible to keep the gold reserves of a country in the world's largest financial centers instead of at home
Julian DW Phillips, Gold Forecaster, 06/02/2012
Most central banks store the gold of her country in central bank vaults, where the largest financial centers are located. These financial centers including New York, London and Canada.
In a peaceful, cooperative world makes this approach even make sense because it is one of the main tasks of any central bank to dispute the gold in international trade, should the country's own currency is not convertible or more foreign exchange reserves to be applied. By storing the gold outside the country, it is immediately available when needed for payments abroad, or as collateral.
The disadvantages, if a country keeps its gold reserves abroad
Last week, Iran, that he currently holds 907 tons of gold. Developed countries have it banned Iran just to push gold and silver trade - but there are also other places than the industrialized countries, may retire on the Iran if the country wants to trade precious metals.
Since the gold is kept the Iranians in their own country, it is beyond the reach of the industrialized countries. Iran would be gold instead stored in the vaults of the largest industrial countries, it would be shared with the other Iranian assets held abroad have been frozen. And even if we do with the policies and attitudes of Iranians may not be compliant, emerges with respect to its gold stored safely learn a lot.
The actual ownership and direct access means that you have the freedom to do with an asset and not to do whatever you want. In our case it is about the assets of a nation. That the assets of Iran are just frozen demonstrates clearly that other countries are in a position to affect this freedom.
The governments feel entitled to impose the assets of other people within their own legal area limitations. And it is precisely this concept of the 'right to restrict ownership "will prove in the future as a problem that is increasingly gaining in importance.
We live in a changing world, where the under-developed countries, emerging markets increasingly converge, while the emerging countries to gain at the expense of industrialized countries in wealth and power. Currently, we are therefore dealing with a variety of changes, which would amount to the level of international cooperation because of increasing political, religious, monetary, and economic tensions will fall more and more.
A country that is in respect of such future developments in mind, is Venezuela. The Venezuelan gold stocks were recently in the vaults of Canada, Great Britain, the USA and Europe and is thus deprived of the full control of the country.
The politics of Venezuela - what is the nationalization of the gold mines and gold exports - has met in the industrialized countries with little enthusiasm. And since it is mainly in Venezuela is a country ölexportierendes to lessen the foreign-unpopular president as appropriate to bring back all the gold of the country again.
Venezuela's gold comes home
Venezuela is actually managed to bring its 160 tons of gold from the mines in the industrial countries back home. There is no question that the national sovereignty of the country by such a step will be secured. Venezuela's gold can not be more victims of the political ambitions of the U.S., Canadian or European governments.
In addition, Venezuela is probably still possible to have up to 3,000 tons of gold in the earth, and it is quite likely that the government of that gold stocks that gradually - just as long as it takes to promote this gold - will add.
Basically, you would then be able to use the U.S. dollars they receive from their oil sales to pay for the gold mines - which means nothing more than that they would switch from their national reserve currencies towards gold. They would go in that direction, would the gold market lost another source of world gold supply.
Regardless of the politics of a country is one of the key responsibilities of the central banker to do everything in their power to protect the gold of the nation and to control the value of its currency reserves.
Since we are dealing now with a global hegemony of the U.S. dollar, much of this power lies in the hands of the currency issuer. But to grow the more the problems of the country, the more important it is for central bankers to take stronger measures to protect the national reserves of the country.
Most at risk, of course, all those countries whose political views are different from those of developed countries or the most international trade is not dependent on the major industrialized countries. Ultimately, it is so that the great nations have towards some sort of economic colony much more effective means at hand to make their influence felt.
The conclusion from all this is that the countries at risk should logically hold as much gold as possible in their own country. That one dollar in New York and Euros must operate in Europe, because they can only change a little - but a country like Venezuela that its gold reserves, gets home, and additionally has the "natural" asset diversification in the form of gold deposits in the soil has, acts through the expansion of the domestic gold stocks just in the sense that national interests.
China goes the same way
China has banned the export of gold by law and increases the number of bank licenses for gold imports significantly. The result of this gold inflows simultaneous absence of any gold exports is that China's gold holdings to grow rapidly:
China has about 361 tons in 2011 produced gold, while the government is expanding the domestic gold mining operation continued progress. This figure could even be a massive understatement, since the gold-gold production and the recycling of the members of the China Gold Association in the calculations were not considered.
In addition, introduced in 2011 490 tonnes of gold via Hong Kong to China. It is quite possible that further gold imports reached through other routes to China, which were not included in this total.
At the beginning of the Chinese Year of the Dragon, Chinese imports have risen by 50%, bringing the total imports, it would be highly likely in 2012, amounted to 750 tons of gold.
China prepares to Shanghai just before becoming the center of the yuan to trade and its leading financial center. At present, Hong Kong has held this role - a city that already has huge modern gold vaults of what we have already described in a previous article. In this article we have also noted that China, we believe that over time in the second-most important, if not major gold trading center will transform the world.
Once again, the Chinese have banned gold out of the country! Thus could the privately held gold in the Chinese, of course, at any time be targets of state confiscation to add it to the national stockpile.
Lesen Sie mehr über Strategic reserves of gold: How a country store should be gold von translate.googleusercontent.com