If You’ve Got Gold, You’ve Got Money; If You Haven’t Got Gold, You’ve Got a Problem

Posted with permission and written by Rory Hall, The Daily Coin (CLICK FOR ORIGINAL)

Submitted by Ronan Manly of Bullionstar

HSBC’s London Gold Vault: Is This Gold’s Secret Hiding Place?

HSBC’s main gold vault in London regularly comes under the media spotlight for a number of reasons. These reasons include:

a) the HSBC London vault stores a very large amount of gold on behalf of gold-backed Exchange Traded Funds, primarily the well-known SPDR Gold Trust (GLD)

b) along with the Bank of England vaults and JP Morgan vault, the HSBC vault is one of the 3 largest gold vaults in London

"After comprehensive judgment, our economic recovery cannot be U-shaped, cannot be V-shaped, but will be L-shaped," warns an 'authoritative' person according to a shocking report published by Government mouthpiece People's Daily. The report, explaining why investors should not expect growth to pick up soon or expect more stimulus to come soon further sets expectations for China to "face the issue of rising non-performing loans" and not continue to create zombie companies. The result -  a bloodbath in stocks and commodities...

Southbridge, Mass., is one of dozens of New England mill towns that have fallen on hard times. These places were once prosperous, with traditional development built around walkable downtowns and streetcars. But today, the factories have closed and the downtowns are empty, thanks to economic collapse, antiquated zoning laws, and an automobile-centric transportation policy.

In 2001, a Yale Ph.D. student named Jason Sorens published an essay decrying the ineffectiveness of libertarians like himself in American politics. “Libertarian activists need to face a somber reality: nothing’s working,” he wrote.