1. Thurs am and USD regains some lost ground, now over 101
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  2. Good Thur Morning! To start we have Gold down 9 to 1202, while Silver is down 31 to 1695. We have Crude up on supply info after a big downswing, +31 to 5221. The USD is back above 101 at 101.12.
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  3. Week of 1/7/2017 Closing prices & Chg Over Last Wk---- Gold $1173.40-- UP 21.70 Silver $16.52-- UP 54 Oil $53.99 -- UP 27 TICS USD $102.21 -- DOWN 7 Based on near term futures contract--- At JMB Current price AGE 2017 $1243.95 (1), SAE $19.53 (20)
  4. Added Heartland Precious Metals out of OK and LA to the map, Added Texas Precious Metals, and Added Provident Metals.

A Vision Of Gold

Discussion in 'Gold Silver (All things Metal)' started by searcher, Sep 2, 2016.



  1. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    GOLD INDUSTRY IN SOUTH AFRICA & HISTORY OF GOLD MINING 42994
    PeriscopeFilm



    Published on Sep 2, 2016
    “Visions of Gold” is a short color film on “Gold! The thread from which we weave our dreams! The key to stability!” Produced by South African film maker Emil Nofal in the mid-1960s, the film opens with rows of gold bars as the narrator Joe Stewardson explains how (in1 885) itinerant prospectors George Walker, along with George Harrison, stumbled on surface outcrops of gold-rich conglomerate on an old farm near the Witwatersrand basin —land that is now near the center of Johannesburg. (Both men quickly sold their claims for the equivalent of a few hundred dollars. Today, the gold fields in the region are worth billions.) From across the world, prospectors descended on South Africa in search of gold, as we see throngs of prospectors and opportunists starting at mark 02:45. Spurred on by visions of wealth, the fortune hunters eventually thought they had taken all the gold that was there, we are told. But at mark 06:10, Stewardson explains that more inventive prospectors at the turn of the 20th century found ways to dig deeper into the Earth in search of gold. The worldwide economic depression of the 1930s, we learn at mark 07:00, unraveled the fabric of prosperity. “The spinners of dreams all over the world now wore the dark cloth of despair.” Only the fantasy of gold remained, with South African workers eventually mining more than two miles into the ground in search of gold, as the camera plummets down a mine shaft. By mark 09:20, we see men maneuvering through tunnels and drilling into the Earth in search of deposits, and later watch as men turn the fruits of those labors into glistening gold bars.

    We encourage viewers to add comments and, especially, to provide additional information about our videos by adding a comment! See something interesting? Tell people what it is and what they can see by writing something for example like: "01:00:12:00 -- President Roosevelt is seen meeting with Winston Churchill at the Quebec Conference."

    This film is part of the Periscope Film LLC archive, one of the largest historic military, transportation, and aviation stock footage collections in the USA. Entirely film backed, this material is available for licensing in 24p HD and 2k. For more information visit http://www.PeriscopeFilm.com
     
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  2. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Legendary Gold Deposits of Rio Madeira Brazil (DOCUMENTARY)
    Forbidden Treasure 2016



    Published on Jun 18, 2015
    Legendary Gold Deposits of Rio Madeira Brazil goes in search of wealth and adventure. After years of travelling he finally settled down on the Rio Madeira in Brazil and began searching for gold in the river’s brown waters. Will Hans Hoffman find enough gold from the riverbed to pay for his work and his expenses?

    A day on the Rio Madeira delivers sixty grams of gold and takes a lifetime. Hans Hoffman lives with the Brazilian garimpeiros in the Rio Madeira and hopes soon to find much gold. In the brown water diesel pumps twenty-four hours the mud of the river bottom to surface. Hoffmann lives his life aboard a raga - a primitive sort of raft. His world has its own rules: A hostile person can not survive here long because he can be sure to get enemies.

    The gold boom on the Rio Madeira began in 1992, when one of these dredges could mine one kg of gold dust per day.
     
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  3. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    The Children Risking Their Lives In Underwater Gold Mines
    Journeyman Pictures



    Published on Jul 24, 2015
    Children Of The Dirty Gold: An investigation into the use of child labour in dangerous Philippine underwater gold mines.

    Many of Philippines' 5.5 million child workers are risking their lives digging for "Dirty Gold" in unbelievable conditions. Desperate men and children scour underwater mine-shafts in this terrifying report.

    Breathing through nothing more than a thin pipe connected to an air compressor, going 30 foot deep underwater for hours in search of gold is all in a day’s work for 16-year-old Gerald. "I'm afraid, if the earth collapses, I will get buried underneath" says the teenager. Surrounded by rock walls in the pitch black darkness of the water, the men chip away at walls for 3 hours. They find no gold. For many like Gerald school is a distant memory, and illegally diving for gold the only alternative to starvation. Hundreds of deaths by electrocution, drowning and even the possibility of Mercury poisoning have had little impact on compressor mining activities, which continue un-policed and unregulated. There appears little hope of change on the horizon. "If I could only give job opportunities - I will take them away from compressor mining. It is just that I have no alternative at this point" says Ricarte Padilla, Mayor of Jose Panganiban - Philippines' so-called "Gold Coast". As it is, the children and family men unearthing 60-80kg of gold per month see the lions share of wealth disappear into the Chinese black market.

    ABC Australia - Ref 6514
     
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  4. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Most Dangerous Construction In the World: Mponeng Gold Mine (Discovery Channel)
    Marvelous Engineering



    Published on Apr 24, 2016
    Most Dangerous Construction In the World: Mponeng Gold Mine (Discovery Channel)

    Mponeng is a gold mine in South Africa's North West Province. It extends over 4 kilometres (2.5 mi) below the surface, and is considered to be one of the most substantial gold mines in the world.[2] It is also currently the world's deepest mine. The trip from the surface to the bottom of the mine takes over an hour.

    Over 5400 metric tonnes of rock are excavated from Mponeng each day.[1] At a cost of $19.4 per gram of gold extracted, the mine needs to recover only 10 grams of gold per ton excavated to remain profitable. The mine contains at least two gold reefs, with the deepest one metre thick.

    The temperature of the rock reaches 66 °C (151 °F), and the mine pumps slurry ice underground to cool the tunnel air below 30 °C (86 °F). A mixture of concrete, water, and rock is packed into excavated areas, which further acts as an insulator. Tunnel walls are secured by flexible shotcrete reinforced with steel fibers, which is further held in place by diamond-mesh netting.

    The endemic bacterium Desulforudis audaxviator was discovered within groundwater samples.

    Read more : https://en.wikipedia.org/wiki/Mponeng...

    May you find this video informative and be thrilled to subscribe for more. Thanks for watching!
     
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  5. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    The World's Biggest Gold-Mining Countries - Documentary Movies
    Documentary Movies



    Published on Sep 1, 2015
    The World's Biggest Gold-Mining Countries - Documentary Movies.

    Gold is a chemical element with symbol Au (from Latin: aurum) and atomic number 79. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable and ductile metal. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements, and is solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains, in rocks, in veins and in alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum) and also naturally alloyed with copper and palladium. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

    Read More: https://en.wikipedia.org/wiki/Gold
     
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  6. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    THE REAL HISTORY OF THE GOLD RUSH (OLD WILD WEST DOCUMENTARY)
    Wild West History



    Published on Aug 10, 2014
    THE REAL HISTORY OF THE GOLD RUSH (OLD WILD WEST DOCUMENTARY)

    At the end of 1853, San Francisco was a city on the fast track. A few years earlier, the seaside town had been a sleepy village of just 800 people. But the sight of gold in the waters of the American River set the stage for an event that would forever change a city, a fledgling state, and the nation. Incorporating rare and exquisite daguerreotypes and original recreations, this film offers a vivid portrait of a seminal event in America's history.
     
  7. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    GOLD RUSH - GOLD TOWNS (Old Wild West History Documentary)
    Wild West History



    Published on Aug 9, 2014
    GOLD RUSH - GOLD TOWNS (Old Wild West History Documentary)

    INCREDIBLE HISTORY DOCUMENTARY -

    In the early 19th century, California was a dusty outpost few Americans had visited. Settlers began to trickle west, but it wasn't until 1849 that the onslaught began the Gold Rush.

    Gold Rush Ghost Towns explores one of America's most fascinating periods: the glory days of the western Gold Rush.
     
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  8. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    National Geographic Documentary - The Nazi Gold of the Nazi Underground
    topdocumentary



    Published on Feb 13, 2014
     
  9. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Value of Gold – Unlike Paper Currency Gold Maintained Value Throughout Ages
    By: GoldCore
    “Unlike paper currency, coins or other assets, gold has maintained its value throughout the ages.” Jill Kerby, personal finance expert and Mark O’Byrne, Research Director of GoldCore were interviewed by Sinead Desmond of ‘Ireland AM’ on TV3 this morning about the “value of gold” as a store of wealth and financial insurance in our “electronic age”.
     
  10. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  11. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    A little perspective on the gold market
    By: Michael J. Kosares
    Most of gold’s downside is geared not to the financial decisions of millions of investors around the globe, as the mainstream media would have you believe, but rather to linear computer algorithms geared to the dollar index. The trading part of the software has been told to automatically place trades at certain correlated price levels and that is why we get these waterfall drops. The rocket launch trajectories to the upside come when the trading function is told to buy and cover the previous shorts.
     
  12. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    AFTER WATCHING THIS VIDEO I BEGAN TO VALUE & RESPECT MY GOLD STACK MUCH MORE!
    Russian silver channel Russian silver stacker



    Published on Dec 6, 2016
    AFTER WATCHING THIS VIDEO I BEGAN TO VALUE MY GOLD STACK MUCH MORE!

    I've found one very interesting video about mining gold with bare hands on Amazon river.
    As that video was in French and rather long I decided to leave only the best of it and translate it in English.
    People who mine gold and pour silver or gold bars themselves will find something interesting too!
    You'll definitely like this video, my friends!
     
  13. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    A GREAT VIDEO ABOUT ROYAL CANADIAN MINT! NOW I UNDERSTAND WHY CANADIAN PROOF COINS ARE FLAWLESS!
    Russian silver channel Russian silver stacker



    Published on Dec 9, 2016
    A GREAT VIDEO ABOUT ROYAL CANADIAN MINT! NOW I UNDERSTAND WHY CANADIAN PROOF COINS ARE FLAWLESS!
    A very interesting video about technology process at Royal Canadian mint (RCM).
    It is a very high tech facility.
    And they went an extra mile to make top quality proof coins.
    The simple bullion silver coins of RCM is the other story though.
    Think most of you, silver stackers of the world, will find something new in this video.
     
  14. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Who Owns the World’s Largest Gold Hoards? – Not the Central Banks!


    -- Published: Tuesday, 10 January 2017

    By Ronan Manly

    https://www.bullionstar.com/

    It’s a common misconception that the world’s major central banks and monetary authorities own large quantities of gold bars. Most of them do not. Instead, this gold is owned by the sovereign states that have entrusted it to the respective nation’s central bank, and the central banks are merely acting as guardians of the gold. Tracing the ownership question a step further, what are sovereign states? A sovereign state is an entity with legal personality that is represented by one government. And with each government representing the people of that sovereign state, in essence, the large gold hordes managed by the central banks are in fact pools of gold owned by the state for the benefit of its citizens.

    Owned by the State
    When ownership of gold reserves resides with the associated sovereign state, the central bank or monetary authority is officially appointed to act on behalf of the state in holding and managing that state’s gold reserves.

    For example, the Deutsche Bundesbank has stated that:

    “The Deutsche Bundesbank holds and manages the national foreign reserves of the Federal Republic of Germany

    Likewise, as per its Statutes, the Banque de France highlights that it:

    “shall hold and manage the State’s gold and currency reserves and shall enter them on the asset side of its balance sheet pursuant to the terms and conditions of an agreement it enters into with the State.”

    The United Kingdom’s gold reserves are held in the Exchange Equalisation Account (EEA). The EEA is a “government account administered by Her Majesty’s Treasury (HMT)” which holds UK Government’s official international reserves, including its gold.

    HMT is the UK government’s economic and finance ministry. According to the Bank of England, the Bank “acts as HMT’s Agent in the day-to-day management of the EEA” under an annual Service Level Agreement between HMT and the Bank.

    The US Government Gold Reserves, officially claimed to consist of 8133.5 tonnes of gold, are held by the US Department of the Treasury. The US Mint, which administers the US gold reserves’ storage facilities, is a part of the US Treasury.

    China’s official gold reserves are owned by the Chinese State and managed by the Chinese central bank, the People’s Bank of China (PBoC). One of the PBoC’s stated functions is:

    “Holding and managing the state foreign exchange and gold reserves“

    The Russian Federation’s central bank, the Bank of Russia, manages the official Russian gold reserves, however the Bank of Russia is under ownership of the Russian Federation:

    “The authorised capital and other property of the Bank of Russia shall be in federal ownership. In pursuance of its purposes and in accordance with the procedure established by this Federal Law, the Bank of Russia shall exercise its powers to own, use and manage its property, including the gold and currency (international) reserves of the Bank of Russia”

    The Russian State Fund of Precious Metals and Precious Stones, a.k.a The Gokhran, may also hold Russian gold reserves. However, it doesn’t report its investments to the public. The Gokhran too is under Russian state control, since the Gokhran reports to the Russian Ministry of Finance.

    The official gold reserves of the Netherlands are owned by the Netherlands state, not by the De Nederlandsche Bank (DNB). The DNB merely manages these gold reserves:

    “The Dutch central Bank manages more than 600 tonnes of gold. That gold is of the State and is in essence our national nest egg.”[De Nederlandsche Bank beheert ruim 600 ton goud. Dat goud is van de staat en is in wezen ons nationale appeltje voor de dorst.]

    Austria’s central Bank, Oesterreichische Nationalbank (OeNB) states that it “invests and manage the national monetary and gold reserves” of Austria in accordance with the bank’s “stability mandate”. This mandate is derived from Austria’s NationalBank Act and various EU and ECB statutes. The (OeNB) is itself, fully owned by the central government of Austria.

    Switzerland’s national gold reserve policy, through which the Swiss National Bank (SNB) holds Switzerland’s gold reserves, is derived from the Swiss Federal Constitution. The Constitution grants the SNB its independence and mandate, and Article 99 of the Constitution requires that the SNB hold sufficient currency reserves / foreign exchange reserves, part of which must be in the form of gold.

    Banca d’Italia and ECB
    One notable exception to the above ownership pattern is Italy. Ownership of Italy’s gold reserves resides directly with the country’s central bank, the Banca d’Italia (Bank of Italy). According to the Bank:

    “La proprietà delle riserve ufficiali è assegnata per legge alla Banca d’Italia” – (Ownership of official reserves is assigned by law to the Bank of Italy)

    Banca d’Italia is also exceptional in that its share capital is held by a diverse range of Italian banks and other financial institutions as well as by the Italian state, so, unlike many other central banks, the Bank of Italy is not fully state-owned.

    Another exception is the European Central Bank (ECB). In January 1999, when the Euro was first introduced and the then newly established ECB became responsible for a common monetary policy in the Euro area, each national central bank (NCB) participating in the Euro was required to transfer foreign reserves to the ECB so as to populate the ECB’s balance sheet with foreign reserves. Each NCB transfer was required to be in the form of 15% gold, and 85% in a combination of US dollars and Japanese yen. The initial NCB transfers in 1999 provided the ECB with 750 tonnes of gold, but left the combined gold holdings of participating NCBs and the ECB unchanged. These ECB’s foreign reserves, including gold, which now total 5050 tonnes, are managed on a decentralised basis by the NCBs. See BullionStar blog “European Central Bank gold reserves held across 5 locations. ECB will not disclose Gold Bar List” for full details.

    Since the ECB is owned by its member NCBs, the ECB gold is therefore not owned by any particular state. However, it could be argued that since most of the ECB member central banks are owned by European states, then the ECB gold is collectively owned mostly by European states.

    With the majority of central banks also fully owned by the state, overall this means that even in cases where a central bank ‘owns‘ the gold that it holds, that central bank will likely be under state ownership, which essentially means that the gold it controls is ultimately owned by the state.

    [​IMG]

    Gold market FOIA request? – Smash it


    Friction between State and Central Bank
    Although central banks are usually independent from their respective country’s governments, a relationship status which provides them with a degree of day-to-day control over the management of official gold reserves, the States’ finance ministries, government auditors and government legislation will, to various extents, require input into major decisions about a country’s gold reserves, such as gold sales, gold storage location plans, and the auditing of the nation’s gold reserves.

    This can sometimes cause tension between the central bank and the government, as was the case between the Deutsche Bundesbank and the German Federal court of auditors, and also seen in the case of the Austrian central bank and the Austrian Court of Auditors.

    In 2011, the German Federal Court of Auditors, the Bundesrechnungshof, wrote a highly critical report concerning the Bundesbank’s lack of oversight of German gold stored at the Federal Reserve Bank of New York, the Bank of England and at Banque de France. The Federal Auditors specifically took exception to the lack of physical audits by the Bundesbank of its foreign held gold. This report, which was initially confidential but which became public in October 2012, led to the Bundesbank announcing a gold repatriation program that same month, a program which was subsequently expanded in scope in January 2013.

    In February 2015, the Austrian Court of Auditors issued a report addressing the Austrian central bank’s (OeNB’s) gold reserves. That report was critical of the ‘high concentration risk’ of storing over 80% of Austria’s gold at the Bank of England vaults in London. The Court of Auditors also asserted that the gold storage contract with the Bank of England was deficient and that the OeNB’s internal auditing for the gold was also deficient. Three months later the OeNB announced a program to repatriate 140 tonnes of its gold from the Bank of England back to storage sites in Austria and Switzerland.

    Conclusion: Central Bank Secrecy and Arrogance
    It’s well documented on this website and others that central banks are non-cooperative in disclosing important details about gold reserves which they hold and manage, details such as weight lists and auditing details. It has now been demonstrated that the majority of these central banks only ‘manage’ this gold on behalf of their respective sovereign states. The most common excuse of the central banks in their non-cooperation is confidentially, with a close second being deflecting the question, and a common third being to ignore the question.

    But given that the sovereign states own the gold and that the sovereign states are represented by governments which claim to represent the citizens of those states, this secrecy and arrogance from a bunch of aloof unelected central bank bureaucrats is misplaced, unacceptable and needs to be highlighted, called out and challenged. Likewise for the elected bureaucrat finance ministers who connive and endorse this central banker behaviour or are merely ignorant and uninterested in how the central bankers conduct themselves in the gold market and towards the public who have legitimate questions about this market.

    For full details of gold related policies of most of the central banks mentioned in this article, please see the following BullionStar Gold University profiles of Central Bank Gold Policies:

    United States Treasury https://www.bullionstar.com/gold-university/central-bank-gold-policies-us-treasury

    Deutsche Bundesbank https://www.bullionstar.com/gold-university/central-bank-gold-policies-deutsche-bundesbank

    People’s Bank of China https://www.bullionstar.com/gold-university/central-bank-gold-policies-peoples-bank-china

    Banque de France https://www.bullionstar.com/gold-university/central-bank-gold-policies-banque-de-france

    Banca d’Italia https://www.bullionstar.com/gold-university/central-bank-gold-policies-banca-ditalia

    De Nederlandsche Bank (DNB) https://www.bullionstar.com/gold-university/central-bank-gold-policies-de-nederlandsche-bank-dnb

    Bank of Russia https://www.bullionstar.com/gold-university/central-bank-gold-policies-bank-russia

    Swiss National Bank https://www.bullionstar.com/gold-university/central-bank-gold-policies-swiss-national-bank

    Oesterreichische Nationalbank (OeNB) https://www.bullionstar.com/gold-university/central-bank-gold-policies-oesterreichische-nationalbank-oenb


    Ronan Manly
    E-mail Ronan Manly on: ronan.manly@bullionstar.com

    http://news.goldseek.com/GoldSeek/1484060760.php
     

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