Zero Hedge

Great post from “Gordon Gekko” at Zero Hedge….

…What also seems to have escaped the public is that the Fed is now the world’s largest bank, with total assets near $2.3 trillion. We provide a weekly update of the Fed’s balance sheet and while we briefly note the liability side, our, and everyone else’s, attention, is traditionally focused on the asset side…

As the euro is plunging (and dollar by implication surging) with gold yet again flat and looking like it may turn positive for the day, gold denominated in euros just hit another all time record of €827.

The topic that generates by far the greatest disagreement in the investment community, just after whether we will have inflation or deflation, is whether gold is cheap or expensive……

The CME group announced that margins for metals futures contracts on…..

….are prevailing $1000+ levels the new “normal” for gold in a world in which the weakness of the fiat system is increasingly put into question…..

Today’s gold market is significantly different from the gold market of the 1970s for two reasons……

The biggest changes in holdings in the September-December period were for the IMF, which sold 212 tonnes of gold, while India (200 tonnes added), Russia (39.3), Sri Lanka (10) and Mauritius (2) all saw an increase in their gold holdings.