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Endeavour Silver Corp. Message Board

  • newscentral2002 newscentral2002 Jun 22, 2013 4:07 PM Flag

    Ocean 11 banks, industry and the rich

    From me: From Business Intelligence and other sources plus background information without conclusion - When Dubai plays, the rest of the world plays. It's call vaulting and it's serious business.

    UAE. Dubai Multi Commodities Centre (DMCC) Situated in the heart of the Jumeirah Lakes Towers freezone community, the DMCC vault combines the advantages of a unique location together with the highest global security standards.

    The vault is intended for both short and long term storage of precious metals and other high-value products.

    The vault is open to local and international banks, corporates, HNWIs and DMCC members and uses the latest security equipment and inventory management systems. The vault is protected 24/7 by dedicated operational security and surveillance teams and offers state-of-the-art vaulting facilities to satisfy customers’ storage requirements. A direct link with Dubai Police Control Room helps ensure the fastest possible emergency response. Brinks is contracted for transportation.

    Dubai's tax-free status has made it one of the cheapest places to buy gold in the world. The emirate has set up gold refineries and vaults and jewelry-making facilities, importing gold – including scrap from India – and melting it down to produce gold bars. At the Dubai Gold and Commodities Exchange, traders and speculators buy and sell the metal on the futures market.

    In the movie 'The Italian Job' over 50 technical production mistakes were made. A site provides all of them. Is the use of technology to measure air pressure of tires from a computer for real? Is it possible to find out how many clients are using the DMCC vaults and other vaults worldwide?

    Will silver become scarce in the future? Is thinking beyond this meltdown wise?

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    • This first paragraph is from one of the best currency traders - FX DAILY and I fully agree. "We aren’t in full fledged ‘risk off’. If we were, the carry trade (yen-crosses) would plunge and Treasuries rally as the flight to quality crashes through all other conventions of value. Fear can flare on arbitrary catalysts at this point, so it is best to simply watch for flames."

      One of my conventions of value for any investing ( I mostly trade futures, currencies, biotech and retail). is still watching anything and everything connected to housing and real estate and that's what currency traders should be watching.

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