Shocking News - 7.1 Tons of Physical Gold Purchased by HSBC and Goldman Sachs

Shocking News - 7.1 Tons of Physical Gold Purchased by HSBC and Goldman Sachs

Last week, i.e. on 6th August, Goldman Sachs and HSBC purchased 7.1 metric tons of physical gold bars for their own use. This piece of news is definitely shocking as this humongous amount of gold was not in electronic paper claim form but rather in its physical, tangible form. Out of the total 7.1 tons of physical gold, 3.2 tons was obtained by Goldman Sachs alone. The firm however, advises its clients not to follow its footsteps. Jeffrey Currie of Goldman Sachs states that the long term outlook for this yellow precious metal is not very promising. Currie also points out that the commodity market, which includes gold, is currently a structural bear one since individual commodity stores are banking on one another to create a negative feedback loop.

Irrespective of what the paper-gold market is looking like currently, there's no denying the fact that the physical market is doing quite good currently. It is estimated that the demand would exceed the supplies by about 1350 tons during this year. In 2015 the figure is expected to increase even more! However, efforts to set up paper market for the purpose of getting cheap gold prices would definitely be prevalent. It does not matter how high the demand for physical gold is and how low its supplies are, people would turn to COMEX, the 'supplier of last resort’ in order to fulfil their requirements for physical gold.

The strategists at HSBC also stated that the market is bearish because of the weak demand for gold from China and India and also the low global inflationary pressure. Shortly after this statement was released, statistics show that there has been an increase in percentage of gold bars imports to India during April and May, i.e. 61% to be precise. A lot of people have criticized HSBC for making this statement because it is one of the biggest players in the Indian import market, therefore people pointed out that this was an intentional misstatement by HSBC strategists.

It is also rumored that HSBC purchased 3.9 tons of gold bars at rock bottom gold prices from COMEX. Just like in case of Goldman Sachs, this huge amount of gold was not meant for the customers but rather the house account of the bank. Thus, despite of releasing statements deterring customers from buying gold, the two reputed organizations are purchasing large quantities of this seemingly 'bad’ investment for themselves!

This sudden long-term investment made by Goldman Sachs and HSBC have triggered rumors that there is a 'Big Long’ on the way, which is just the opposite of the 'Big Short’ taken by Goldman Sachs in 2006-2007 period. Just as how the real estate values collapsed all over the world suddenly during this period, one can anticipate a sudden global collapse of the bond bubble. Thus, people are under the impression that the banks are definitely anticipating something, they just are not willing to reveal the same to their customers or the world! Thus, investors are not following what the banks are saying, but rather what they are doing!

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The selection of colors that are used for designing in different media is called color scheme. The use of black text with white background is an example of the default color scheme in the web design.

Color schemes are used to create style and appeal. The colors that create a feeling like aesthetic, as when used together often accompany each other on the color palette. A set of basic colors is to use two colors that look appealing together. Engage the color combination of the colors of the most advanced, usually around a single color, for example, text with colors like red, yellow, blue and orange next to a black background in a magazine article. Color schemes may also consist of different shades of one color. Example: A color that mixes different green shades, starting from very light (almost white) to very dark. Using the color palette and can also phrase commonly refers to the selection and use of colors that are used outside typical aesthetic media and context, can still be used for purely aesthetic effect as well as purely practices. This often refers to the color schemes and designs as seen in vehicles, including those used in the army when it comes to color and design methods used to identify friend or foe identification camouflage some units of military.

A color in marketing is considered a trade dress can sometimes be protected, as is the color pink fiberglass Owens-Corning. A monochromatic color scheme uses one color on any surface the most room. In this type of plan, various shades darker gray tones and pale colors of the main color can be included in the palette. In addition, the color is often paired with white or another neutral.

For example, a room in blue monochrome can use single shade of blue paired with white. Yet it could also include dark pale blue upholstery, walls blue, medium blue draperies, and carpet patterns that include both blue and white. The door and window trim and the ceiling could be painted white.

Monochromatic color schemes are derived from the single base color and they are extended by its shades, tones and tints i.e. a color modified by the addition of black, gray (black + white) and white. As The result of that, energy becomes more peaceful and subtle for to the lack of contrast in color. Monochromatic color schemes can be considered boring otherwise there is diversity in design.

[C] Data Types in C Language

A programming language is proposed to help programmer to process certain kinds of data and to provide useful output. The task of data processing is accomplished by executing series of commands called program. A program usually contains different types of data types (integer, float, character etc.) and need to store the values being used in the program. C language is rich of data types. A C programmer has to employ proper data type as per his requirements.

C has different data types for different types of data and can be broadly classified as:

1. Primary Data Types
2. Secondary Data Types

Primary Data Types:

Integer Data Types:
Integers are whole numbers with a range of values, range of values are machine dependent. Generally an integer occupies 2 bytes memory space and its value range limited to -32768 to +32767 (that is, -215 to +215-1). A signed integer use one bit for storing sign and rest 15 bits for number.

To control the range of numbers and storage space, C has three classes of integer storage namely short int, int and long int. All three data types have signed and unsigned forms. A short int requires half the amount of storage than normal integer. Unlike signed integer, unsigned integers are always positive and use all the bits for the magnitude of the number. Therefore, the range of an unsigned integer will be from 0 to 65535. The long integers are used to declare a longer range of values and it occupies 4 bytes of storage space.

Syntax:
int ;

int num1;
short int num2;
long int num3;

Example: 5, 6, 100, 2500.

Integer Data Type Memory Allocation:

Floating Point Data Types:
The float data type is used to store fractional numbers (real numbers) with 6 digits of precision. Floating point numbers are denoted by the keyword float. When the accuracy of the floating point number is insufficient, we can use the double to define the number. The double is same as float but with longer precision and takes double space (8 bytes) than float. To extend the precision further we can use long double which occupies 10 bytes of memory space.

Syntax:
float ;

float num1;
double num2;
long double num3;

Example: 9.125, 3.1254.

Floating Point Data Type Memory Allocation:

Character Data Type:
Character type variable can hold a single character and are declared by using the keyword char. As there are singed and unsigned int (either short or long), in the same way there are signed and unsigned chars; both occupy 1 byte each, but having different ranges. Unsigned characters have values between 0 and 255, signed characters have values from –128 to 127.

Syntax:
char ;

char ch = ‘a’;

Example: a, b, g, S, j.

Void Type:

The void type has no values therefore we cannot declare it as variable as we did in case of integer and float. The void data type is usually used with function to specify its type.

[JAVA] Exception Handling

Exception Handling :- The purpose of exception handling mechanism is to detect and report that an exception is occurred so that appropriate action can be taken. There are four phase in entire exception handling process –

1) Find the problem (Hit the exception)

2) Inform that an error has occurred (Throw the exception)

3) Receive the error information (Catch the exception)

4) Take necessary actions (Handle the exception)

Syntax of Exception Handling -
Try

{

Statement; //generates an exception

}

Catch

{

Statement; //process the exception

}

Example –

Class SimpleDivision(){

Private static void Main(){

int a=2, b=0, c=6;

try{

c=a/b;

system.out.println(c);

system.out.println(“Successful.”);

}

Catch(Arithmatic Exception e){

system.out.println(“Not successful.”);

}

}

}

[ OUTPUT : Not Successful. ]

[JAVA] Dead Lock

Dead Lock :- A special type of error that may occur in multithreading Java programming is Dead Lock. When two threads are accessing two synchronized methods such that t1 and t2 are using synchronized method x and y. If the thread in x try to invoke the synchronized method y and on the other hand the thread in y try to invoke the synchronized method x, no one will be successful, they will wait forever. In this situation the whole process is entries to a cycle. This is called Dead Lock.

[JAVA] Synchronization

Synchronization :- In Multithreading there may a situation occur that one thread is trying to read a record from a file while another is still updating the same file. At that time we may face serious problems. Java enables us to overcome this problem by using a technique known as Synchronization.

[JAVA] Multithreading

Multithreading :- Multithreading is programming concept like multitasking in OS. Multithreading allows executing multiple tasks as methods in the program simultaneously.