Sentences with phrase «on gold reserves»

Even so, still notwithstanding not so long success it was also depended on gold reserves.

Fiat money is not dependent — literally or psychologically — on gold reserves or any other tangible product.

Not exact matches

There are no oil riches, no veins of gold to be found on Canada's most successful aboriginal reserve.

Millennium Minerals has flagged a $ 76 million impairment on its Nullagine gold operations assets, on the back of a material downgrade in ore reserves.

Whereas the world's financial system formerly rested on gold, central bank reserves now are held in the form of U.S. Treasury IOUs that can be run up without limit.

As with Fed funds, reverse repo rates, Interest on excess reserves, and LIBOR, the price of gold pings an important signal as to risk, the cost of capital, the state of the financial markets, and economic well - being in general.

We estimate that the industry reserve life would be shortened by one to two years based on an assumption of a $ 1000 gold price.

On a microeconomic level, the positive story will be that the lack of discovery of new gold reserves by the struggling gold mining industry which, absent a significant rise in the gold price, will lead to a supply crunch.

Governments have on balance been net buyers of additional reserves; thus, aside from the newly mined and refined gold, additional supply can only come from existing private investments and jewelry recycling.

Once the benefits of trading and investing in digitized gold become apparent, it's possible the world could see a shift towards tracking the provenance of gold on the blockchain, if not fully digitizing gold reserves.

This caused a run on gold so extensive that in 1971, President Nixon felt obligated to stop backing dollar reserves with it.

Since they advanced by US$ 56.4 on November 2, gold reserves have remained unchanged.

On the other hand, if the central banks decide to increase their reserves by buying more gold instead, there would be an increase in prices and value instead.

Analysts said the lower ceiling on gold sales was a belated recognition that central banks have grown less willing to sell their reserves, reflecting a change in thinking at central banks at a time when the dollar is in decline and inflation worries are widespread.

But an expert in that market, Jeffrey Christian of the CPM Group, acknowledged at the March 25 hearing of the U.S. Commodity Futures Trading Commission, as he had acknowledged in an explanatory report published in 2000, that the London bullion market is actually a fractional - reserve gold banking system built on the presumption that most gold buyers will never take delivery of their metal but rather leave it on deposit with the LBMA members from whom they bought it.

A gold miner is valued on production, reserves, cost to extract, etc..

«So far we have identified 50 billion pounds of copper reserves, 12 million ounces of gold, 25,000 ounces of silver and 250 tons of molybdenum... Of this total, 53 % must stay in the country in the form of taxes on income and dividends,» Morales was quoted as saying.

Thus, simply based on size... the gold market can provide significant depth and liquidity for large reserve portfolios, as it is only surpassed in size by two sovereign debt markets (US and Japan).»

They simply want to avoid having instability disrupt their trade and domestic production, and to avoid having to take a loss on their international reserves held (mainly from inertia stemming from World Wars I and II when the United States increased its share of the world's gold to 80 per cent by 1950).

Premier Gold Mines Ltd. [PG - TSX; PIRGF - OTC] on Monday March 26 reported a year - end reserve and resource update for its 100 % - owned Mercedes Mine in Mexico.

The man wants to get rid of the federal reserve and put us back on the gold standard.

Drain and Save the Syrup: Drain the syrup (liquid gold), reserving it for awesome cocktails or club soda flavoring, etc., with an emphasis on et cetera.

Since the New Southern renaissance turned the spotlight on Charleston a decade ago, restaurants have been opening at a gold rush pace, garnering the kind of media attention and food world cred usually reserved for towns with, like, more than 125,000 people.

12:32 - Brown defends diversifying his portfolio when attacked on why he sold off our gold reserves.

«Robert Halfon's debate on fuel prices highlights a growing problem in the Chamber Main John Baron MP says Bundesbank should use its # 130 billion of gold reserves if Germany wants to save $ uro»

In science news around the world, the U.S. Food and Drug Administration (FDA) cracks down on stem cell labs, Brazil opens one of its largest national reserves to gold and iron mining, and the International Atomic Energy Agency launches a global bank for low - enriched uranium.

Lots being offered include: a tour of the House of Lords by Baroness Thatcher; a dress designed by Vivienne Westwood; two tickets at the summer concert at the Palais de Monaco given by His Serene Highness Prince Rainier; a tour of the Black Museum at Scotland Yard; a trip for two on the Eastern Orient Express from Singapore to Bangkok via Kuala Lumpur; a chance to handle the gold reserves at the Bank of England with Eddie George, the governor; a consultation for two with a well - known spiritualist medium and many more delights.

, published on the website < http://planetasustentavel.abril.com.br/noticia/ambiente/quando-recursos-minerais-se-esgotarao-648952.shtml >, based on information from the US Geological Survey, the US government agency responsible for geological research that crossed information on the annual consumption, mineral reserves available on the planet and its predictable extinction: 1) Platinum (use in surgical materials)-- Extinction by 2049; 2) Silver (use in the manufacture of mirrors and cutlery)-- Extinction in 2016; 3) Copper (use in wire and cable and air conditioning ducts)-- Extinction in 2027; 4) Antimony (use in remote controls and other materials to increase strength)-- Extinction 2020; 5) Lithium (use in cell phone batteries, laptops and video games)-- Extinction in 2053; 6) Phosphorus (use in agricultural fertilizers)-- Extinction in 2149; 7) Uranium (use for electric power generation)-- Extinction in 2026; 8) Indian (use in smartphones and tablets touch screen screens)-- Extinction in 2020; 9) Tantalum (use in cameras lenses)-- Extinction in 2027; 10) Nickel (use in metal alloy coating, electronics such as cell phones)-- Extinction in 2064; 11) Tin (use in coating metal alloys, such as those used in the soft drink cans)-- Extinction 2024; 12) Lead (use in car batteries and trucks and welds and bearings)-- Extinction in 2015; 13) Gold (use as jewelry and computer microchips)-- Extinction in 2043; 14) Zinc (use to cover alloys, preventing rust that destroy objects like coins)-- Extinction in 2041.

Based on existing reserves today, certain mineral resources already have a possible date to run out, among them we can mention gold, tin, nickel and oil.

He raised taxes at a time when the average family was near or in starvation mode, he confiscated all of the nation's privately - owned gold and then promptly devalued the dollar by 40 % (reducing the buying power of any saved dollars by almost half overnight), he raised bank reserve requirements numerous times (taking yet more cash out of the real economy so it could be hoarded in vaults), he actively supported a trade war with tariffs that created massive global imbalances (some would argue ushering in the rise to power of fascist regimes that would have had no chance in times of prosperity), and perhaps most damning, rather than plowing most of those raised tax dollars back into the stalled economy, he instead bought gold on the global markets for the government and sequestered it, keeping it from backing new dollars (monetary expansion, which most understand is required to turn a recession around) and instead further crushing the economy — and not just the US economy.

Finally, on August 15, 1971, U.S. President Richard Nixon closed the gold window, and the U.S. announced to the world that it would no longer exchange gold for the U.S. dollars that were held in foreign reserves.

Critics will say that the nation had recurring booms and busts while on the classical gold standard, but they may be confusing the chaos of fractional reserve banking (being able to pyramid loans on top of deposits with fiduciary media) with the classical gold standard (the citizenry is able to convert currency into a fixed amount of gold).

Gold mining company reserves in the ground should gain appreciation as the market loses confidence in «paper gold» assets as the physical gold market tightens with increased investment flows and the ratio of gold futures contracts to warehouse inventories rises punctuates the scarcity of physical gold to the amount derivative gold instruments traded on a daily baGold mining company reserves in the ground should gain appreciation as the market loses confidence in «paper gold» assets as the physical gold market tightens with increased investment flows and the ratio of gold futures contracts to warehouse inventories rises punctuates the scarcity of physical gold to the amount derivative gold instruments traded on a daily bagold» assets as the physical gold market tightens with increased investment flows and the ratio of gold futures contracts to warehouse inventories rises punctuates the scarcity of physical gold to the amount derivative gold instruments traded on a daily bagold market tightens with increased investment flows and the ratio of gold futures contracts to warehouse inventories rises punctuates the scarcity of physical gold to the amount derivative gold instruments traded on a daily bagold futures contracts to warehouse inventories rises punctuates the scarcity of physical gold to the amount derivative gold instruments traded on a daily bagold to the amount derivative gold instruments traded on a daily bagold instruments traded on a daily basis.

No longer was the world's reserve currency backed by gold, instead the Dollar was valued against the gold price traded on the futures exchanges.

However, there's an element of irony in their name, as the main gold reserve was not found on his property, but on the opposite side of the river.

Whether it's living like a rock star at Hollywood's Sunset Marquis, hanging on the beach near Catamaran Resort in San Diego, lounging by the pool at the Ace Hotel in Palm Springs or partying downtown at Oasis at Gold Spike, part of the new Downtown Project in Las Vegas, each Base Camp serves as a convenient jumping off point to the most authentic experiences in each destination while providing insider access to hotel amenities and perks along with a reserved parking spot for the coach.

Two hours of complimentary use (per Fairmont Gold guest room reserved) of the Fairmont Gold Boardroom, based on availability

Rare white - gold sands blanket this shoreline, abutting an ocean of equally rare beauty and serenity in a contrast usually reserved for white scudding clouds on a summery day.

Automatic silver status for the Hilton Honors rewards program, upgrade to Gold status when you spend $ 20,000, 15 percent bonus on Honors base points, fifth night free for every hotel stay, complimentary Internet access, express checkout, late checkout, 500 bonus points when you reserve and pay with your Hilton Honors card, 2nd guest stays free, worldwide car rental insurance, lost baggage protection, travel and emergency assistance, purchase protection

The Scoop: The most elusive of the loyalty programs, the Morgans Hotel Group Global Club Card is reserved for tastemakers, very frequent guests, and those who have Gold status or above on Virgin Airlines.

Shopkeeping — While conducting your business in Rynoka village, you can put items on sale, set their price carefully, manage gold reserves, recruit assistants and upgrade the shop.

While conducting your business in Rynoka village, you can put items on sale, set their price carefully, manage gold reserves, recruit assistants and upgrade the shop.

And last week saw signs of the growing controversy as communities across dozens of states located on top of the cast Marcellus Shale Formation, an «unconventional natural gas reserve» across 10 states face gold - rush style leasing pressures and are reporting to the Environmental Protection Agency groundwater contamination and other consequences.

India has very small gold reserves and it is dependent totally on the commodities market across the globe to meet the demand for gold.

Gold, on the other hand, is usually used as a reserve against a potentially flagging U.S. dollar or other widely - traded currencies.

But, if the same measurement is used to place a valuation on bitcoin, given that bitcoin is targeting a $ 40 trillion market in offshore banking, $ 8 trillion market in gold, and $ 50 trillion in global reserve currencies, the market cap of bitcoin could be in the trillions.

The champagne and grey only feature on the 16 GB model while black and gold are reserved for 64 GB.

Louis and Ryan discuss the impact of the earthquake and tsunami on the world economy; inflation, interest rates, the Fed and Bank of Japan action and the U.S. budget negotiations; the profile of home purchasers today; the paradox of government intervention to make «homes affordable for everyone»; the direction of the rental market, rent vs. buy ratios; the comparison of Fed action during the Volker years vs the Bernanke era; Charlie Sheen, oil prices; the direction of the dollar and other currencies race to the bottom; the status of the dollar as the world's reserve currency; the abandonment of the gold standard; the fate of fiat currencies; Utah's gold standard push; the actions states are taking to cut spending; the price of gold and silver and their role as stores of value; real estate vs. gold and silver as investments; the impact of shadow inventory on general inventory; the impact of the numbers of government workers and their salaries on the D.C. area housing market.