Wednesday, October 1, 2014

ZEROHEDGE: Singapore Becoming Global Gold Hub - Launches Kilo Bar Contract And Gold ATMs

Launching of SGX Gold Futures Contract: (from left) Harshika Patel, Managing Director, JP Morgan; Sunil Kashyap, Managing Director, Bank of Nova Scotia; Aram Shishmaniam, CEO, World Gold Council; Ng Cheng Thye, President, Singapore Bullion Market Association; Seah Moon Ming, Chairman, International Enterprise (IE) Singapore; Muthukrishnan Ramaswami, President, Singapore Exchange; Philip Hurley, CEO (South East Asia), Standard Merchant Bank; Jeremy East, Managing Director (Global Head of Metal Trading), Standard Chartered Bank.


Singapore Becoming Global Gold Hub - Launches Kilo Bar Contract And Gold ATMs


Singapore continues its push to be a global gold hub. The new exchange traded Singapore kilobar gold contract will launch in less than two weeks - on October 13. The new contract is a 1 kilogramme physically deliverable gold contract for the Asian and global wholesale gold market.

In a joint statement, International Enterprise (IE) Singapore, Singapore Bullion Market Association (SBMA), Singapore Exchange (SGX) and the World Gold Council, announced the new contract yesterday.

The contract will be traded on SGX, the first wholesale 25 kilo bar gold contract to be offered globally, and this is a collaboration among the four parties. The SGX is Singapore’s securities and derivatives exchange and clearing and depository provider.

This caters to the very high demand for physical gold in China and throughout Asia, which has increased significantly over the last decade.

This new gold contract differs from others in that as well as acting as a price discovery benchmark for 1kg gold bars in the Asian region, it has been specifically designed to actually deliver gold to large buyers, wholesalers and institutions, presumably including central banks.

Settlement of the contract is in gold 1kg bars and not in cash. A 1kg gold bar is 32.15 troy ounces.

The Singapore contract will be in lots of 25 kilogrammes and denominated in U.S. dollars. It will trade for three hours in the Singapore morning time. Singapore is 7 hours ahead of London and 12 hours ahead of New York, and 2.5 hours ahead of the Indian market, but is in the same time zone as both Hong Kong and Shanghai.

Six consecutive daily contracts will trade at the same time, so when one contract expires, another will be added.

Physical settlement is two days after trade date and consists of 99.99 purity 1 kilogramme gold bars that meet the approval of the Singapore Bullion Market Association (SBMA) good delivery list . This means that wholesalers will be able to gauge demand and supply of 1 kg bars over the following week.

Some analysts have said that the protests in Hong Kong and the uncertain political outlook in Hong Kong may give Singapore an advantage in terms of becoming Asia and possibly the world’s global gold hub.

Separately, the first gold-dispensing automated teller machine in Asia have been launched in Singapore. The two ATMs are in Marina Bay Sands and Resorts World Sentosa hotels.

Launched by Asia Gold ATM, Singapore is the fourth country to have the facility, next to the UAE, the UK and the US. Items such as 1g to 10g pure gold bars, as well as customised gold coins, can be bought from the machine.

Last Wednesday, the day the machines were unveiled to the public, a one gram pendant sold for $100 while it was $660 for a 10 gramme. The items can be paid through credit card or cash. Gold will be sold at different prices daily, based on the day's global prices.

The ATMs mean little or nothing with regards to Singapore becoming a global gold hub. However, they show how gold is respected and sought after in Singapore and the people and institutions of Singapore, have a significant cultural affinity with gold.

Unlike in the west, where people who believe in using gold for wealth preservation or for saving are sometimes called names and dismissively called “gold bugs”.

Gold and money, throughout history has flowed to where it is better treated. Today, gold continues to flow from West to East. A sign of shifting economic fortunes.

Aisha North: A short update on the energies - September 30, 2014


http://aishanorth.wordpress.com/2014/09/30/a-short-update-on-the-energies-66/

A short update on the energies
September 30, 2014
by Aisha North

As the days continue to shift in length and the darkness seems to linger on a little bit more each day in one half of your planet, know that there is indeed another kind of rebalancing going on, one that is far more profound than the regular shifts of the seasons. You see, this incoming light has once again managed to break through another line of defense, and when we say defense it is actually one that is found within you all. Or rather, one that used to be there, but is now being dismantled even as we speak. For this defense or perhaps we should dub it self defense is one of these innate mechanisms that mankind have relied upon for such a long time in order to safeguard themselves from any profound changes, changes that would entail for them to literally step away from all they hold true and begin to see the world with very new eyes – yes indeed, in every sense of the word.

You see, this old mechanism is one that has enabled you all to stay put in that same old rut you have been placed such a long time ago by those less intent on mankind’s evolution than their own need to conquer and rule over others. But now, that old and to them last line of defense has now been breached in such a way, it is beyond repair or reinstallation or reintegration. For now, the light has served to punch a whole series of holes in this wall of denial that far too long has held mankind captive. And as we mentioned in our previous missive, the reason the light has been able to penetrate this dim fortress of denial, is because you have allowed it to do so.

Remember, you have chosen to step into the light by allowing yourself to step fully into you, and by doing that, you have also declared all of these old programmings for null and void. And so, what for eons seemed to be a impenetrable barrier is that no more, and the distance between the one you are and the one you have every reason to be has shrunk into something that is almost imperceptible. But again, mankind has a way of lingering in the shadows of yesteryear, at least in their mind, and so, where they once saw an unbreachable wall, they will sometimes choose to still see just that, even if there by now are more than enough cracks in that wall for them to simply step easily through it and enter that great hall of grandness and self mastery that lies there ready and waiting for them on the other side.

So again we say remember to look about you with the clarity of your heart, and not with the old paradigms still whispering into your mind, for then you will be able see through the blindfold and into the light filled spaces that lies before you, all ready and waiting for you to take them fully into your possession. Remember, they are there for your taking, for they have been yours from the very beginning but the thick mist of forgetfulness has obscured it from you. But that mist is now just in your mind, for your heart has already decided to clear it away once and for all, and if you choose to follow the truth that lies there, you cannot go wrong. But if you still choose to follow that insistent voice in your mind that tries to persuade you that the wall is still compact and complete, you will simply continue to bang your head persistently against those small fragments of it that still stands.

So again remember you will see what you choose to see, according to which voice you choose to take into consideration. We know that this will be ancient advice by now, but still, it bears repeating as the rules of habit are indeed hard to break for so many of you. So make it a habit to check in with your heart every time you feel yourself banging up against the wall, for we can guarantee you it will give you directions to the nearest exit. For they are plenty now, so there is no reason for you to linger in those shrinking shadows of yesteryear anymore. So set yourself free by allowing your heart to once more steer your course, it will take you all the way – in the very best sense of the word, and it will do so in a way that will not only make your heart sing, but All of creation too.

German ZDF TV Satire of the Ukraine Information war (subtitled in English)

Tuesday, September 30, 2014

Thank you!



Thank you to everyone who helped out, I am so grateful!  I love you all!  Its all working out!