Latest Posts
View the latest posts in an easy-to-read list format, with filtering options.
View the latest posts in an easy-to-read list format, with filtering options.
Multi-part posts on a particular topic, grouped together in "series" pages.
Look through our blog archive by year / month, or in a massive title list.
11/23/2024 - Russia’s hypersonic missile attack on Dnipro two days ago was originally reported to be from... Read More
11/22/2024 - Yesterday the new Prophetic Year began. It began later than usual. Normally, it begins within the... Read More
11/21/2024 - David was a man of war; Solomon was a man of peace. David was allowed to make preparations for the... Read More
Read over 100 books written by Dr. Jones, available to read for free online. Several of the books have also been translated into different languages, and are also available to read for free. The only time you pay is when you purchase a physical version of a book.
View Full Book List
Read a variety of tracts that condense a topic into a short, single page format. These tracts can be read for free online, or physical copies can be purchased in bundles. If you are subscribed to the FFI Newsletter, you will receive new tracts when they are released.
View Full Tract ListLast January, the ICBC bank purchased Deutsche Banks’ vault in London.
http://www.reuters.com/article/gold-vault-deutsche-idUSL8N14S2QL20160108
LONDON, Jan 8 ICBC Standard Bank is buying the lease on Deutsche Bank's London gold and silver vault, enlarging its footprint in the city's bullion market, four industry sources close to the companies said on Friday.
China's ICBC, which took a controlling stake in Standard Bank's London-based Global Markets business last year, has also applied to become a clearing member of the London gold and silver over-the-counter business….
Deutsche Bank resigned as a clearing member in 2015, after closing its physical precious metals trading arm and withdrawing from gold and silver benchmark price setting.
Now they are buying Barclay’s gold vault.
http://www.reuters.com/article/icbc-barclays-gold-idUSL5N18D1P7
LONDON, May 16 (IFR) - ICBC Standard Bank is buying Barclays' London precious metals vault, giving the Chinese bank the capacity to store gold worth more than US$80bn in the secret location.
The vault is one of the largest in Europe, with a capacity to hold 2,000 tonnes of gold, silver, platinum and palladium. It has been operational since 2012….
Barclays said in January it intended to exit from precious metals and moved the business into its non-core unit, which includes all the business it wants to sell or close.
It seems that the ICBC Standard Bank is replacing Western banks in the gold market. It just makes sense that if a western bank is selling its gold, it should also sell its vaults to those who are buying gold.
Zerohedge comments on these purchases:
With this latest takeover by a Chinese bank of a London mega vault, it leaves only the HSBC gold vault (profiled here recently) where the inventory of the GLD is also stored, not in Chinese hands as well as, of course, the vault of the Bank of England.
So while the West has bet the farm on fiat money, China is betting on a future where the gold standard is re-established, reversing President Nixon’s decision in 1971 to take us off the gold standard. In another century, we may wonder how anyone could think that going off the gold standard was a good idea. That idea will prove to be a 45-year fluke of history.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
We are only able to do what we do because of your support. If you feel led to support this ministry, we deeply appreciate it
