Something Just Snapped At The Comex (Zero Hedge), page-49

Hi Forged and all



It appears in the UK at least they are making preparations for the coming bank failures just in case. I’m not sure how these things work but my guess is if there is any kind of bank failure the UK central bank would just print up the new money for the guaranteed amount for each customer. I suppose the 10K drop on the guaranteed amount will save the printing press bearings. One thing if there was banking systemic failure in any of these western economies would the bank customer obtain their entitled / guaranteed bank deposits the very next day. Personally I have my doubts and that’s why I also hold onto some cash as well as physical Gold and Silver!



“Bank clients across Europe have their savings protected in the event of bank failure. There is a limit to this deposit guarantee, and the UK’s limit will be reduced from £85,000 to £75,000 from 1st January 2016.”


https://www.blevinsfranks.com/News/BlevinsFranks/Article/uk-bank-deposit-guarantee-reduced


No doubt the banksters and trolls can give us an explanation.


I see the plunge protection team are doing their work keeping the DOW over the 16,000 as instructed and I also see the usual pre- FOMC FED meeting Gold price kicking has started. I dare say they would love to see Gold under the $1,100.00 level for the end of Janet’s meeting and the announcement on the interest rate increase. (Or not)

It appears people are buying US dollars as a safe haven; even after all the Japanese money printing out of fresh air the US dollar is gaining against the Yen!


“The U.S. dollar edged lower against the yen as currency investors wagered that the Federal Reserve will keep key interest rates unchanged this month, but fear that the central bank might surprise the market weighed on investors’ minds.”


http://www.marketwatch.com/story/dollar-dips-against-yen-euro-ahead-of-fomc-meeting-2015-09-14


If the US dollar is the safe haven people prefer then I guess as a Gold bug I’m going against the trend. Maybe so but I feel happier with physical Gold and shares in companies that look for and produce it.


I see the VIX index at around 24.25 and I don’t think we will see that number in the teens for quite a while yet. Clearly there are a few nervous people around!!!


http://www.bloomberg.com/quote/VIX:IND




Biggle’s and anyone interested:


I had a terrific time down at the Goodwood revival festival at the weekend and going by the way the way the money was flying about at the Bonham’s car auction you would never know we were on the brink of recession here!



http://www.bonhams.com/results/


I talked to many people with high value old cars and bikes they seem to think that these silly prices will go on for ever; for some it’s part of their super plans. They may continue to get seven thousand pounds for an old Bentley but they forget the current generation are struggling to get on the so called housing ladder and they are the next round of people they hope to sell their cars to!


I love my old SS-100 (Replica and it holds oil) but I don’t expect it to pay my way through retirement so I will continue to protect my future purchasing ability the best way I can with some cash, Gold, Silver and I’m now considering arable land.


If the US dollar proves to be the safe haven people think it is when I buy my land I might run a few of those new flying pig breeds on it.



Talking of such given the traffic on the M25 and around the south of England I had a word with these guy’s and am giving it some consideration!


http://flyingpighelicopters.co.uk/


Good luck to all as we sail through the prevailing turbulent financial waters.


Cheers and very best regards: Andy