Free Republic 3rd Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $21,238
24%  
Woo hoo!! And the first 24% is in!! Thank you all very much!!

Keyword: gold

Brevity: Headers | « Text »
  • Experts: America's gold is gone

    07/18/2014 6:35:46 PM PDT · by SkyPilot · 78 replies
    WND and King World News ^ | 18 Jul 14 | Mark Leibovit
    Paul Craig Roberts: The entire U.S. gold hoard is now goneFormer U.S. Treasury official Dr. Paul Craig Roberts told King World News the entire United States gold hoard, including gold supposedly held at the Fed for other countries, is now gone. This is very bad news for Germany and other countries which have trusted the Fed to safely store their gold. Excerpts from the interview: Eric King: Dr. Roberts, I know you’ve seen the report on Bloomberg about Germany supposedly being happy with storing their gold at the New York Fed. It seemed to be a propaganda piece. What was...
  • (Bleep) the Liberals

    06/29/2014 7:03:07 AM PDT · by Kaslin · 27 replies
    Townhall.com ^ | June 29, 2014 | John Ransom
    Flattus wrote: It's funny to watch Cons attempt to portray this disaster in Iraq as Obama's issue. Sorry, no sale. Thinking Americans know whose war this is. But it's not surprising to see you run from it.From Ron Paul's column today, referring to Necons:"They cannot admit they were wrong about the invasion being a ‘cakewalk’ that would pay for itself, so they want to blame last week's events on the 2011 US withdrawal from Iraq. But the trouble started with the 2003 invasion itself, not the 2011 troop withdrawal. Anyone who understands cause and effect should understand this."-- Welcome Our...
  • Germany To Leave Its Gold In Federal Reserve

    06/24/2014 7:01:15 PM PDT · by RetiredTexasVet · 19 replies
    Retired Texas Vet | 6-24-14 | Retired Texas Vet
    Angela Merkel stated today that Germany would leave its 1,500 tonnes of gold in the Federal Reserve vault in NYC for continued safekeeping. Proponents for repatriation of German gold were outraged that Angie would double-cross them after initially agreeing to have at least 674 tonnes of gold repatriated. Insiders confirmed that only 5 tonnes of gold were repatriated before shipments were inexplicably stopped. The current Federal Reserve Chairthing, Janet Yelling, announced today that the former Federal Reserve Chairthing, Ben Bernanke's computer hard drive had crashed destroying the inventory of gold on deposit with the Fed. Shockingly, the six backup copies...
  • One Ton Gold Shipment Into Hong Kong Revealed To Contain Just Worthless Metal

    06/06/2014 12:11:19 PM PDT · by blam · 33 replies
    Zero Hedge ^ | 6-6-2014 | Tyler Durden
    Tyler Durden 06/06/2014 Two years ago, stories of fake tungsten-filled gold coins and bars began to spread; it appears, between the shortage of physical gold (after Asian central bank buying) and the increase in smuggling (courtesy of India's controls among others) that gold fraud is back on the rise. As SCMP reports, a mainland China businessman, Zhao Jingjun, discovered that HK$270 million of 998kg of gold bars he bought in Ghana had been swapped for non-precious metal bars. What is perhaps even more worrisome, given the probe into commodity-financing deals and the rehypothecation evaporation; these gold bars were shipped to...
  • Steve Forbes: Link Dollar To Gold Or Face Great Depression II

    06/03/2014 9:25:18 AM PDT · by blam · 43 replies
    Washington Examiner ^ | 6-3-2014 | Paul Bedard
    Paul Bedard June 3, 2014 Influential financial publisher and former presidential candidate Steve Forbes is out with a new warning that the U.S. faces an economic catastrophe due to the Federal Reserve's loose dollar policy, and returning to a strict “gold standard” is the only way to avoid disaster. In Money: How the Destruction of the Dollar Threatens the Global Economy -- and What We Can Do About It, Forbes blames President Obama's money team for the stagnant economy, high prices, declining mobility and big government. "[The Fed's] vastly misguided monetary policies are now setting the stage for a new...
  • Balancing the Budget and the Trade Deficit is Easy: Return to Gold Standard

    06/01/2014 2:32:54 PM PDT · by Kaslin · 14 replies
    Townhall.com ^ | June 1, 2014 | Mike Shedlock
    The Daily Ticker's Lauren Lyster conducted an interesting interview today with British Member of Parliament Kwasi Kwarteng on gold and balancing the budget. To play the video, click on the preceding link. Kwarteng is author of War and Gold, a Five-Hundred-Year History of Empires, Adventures, and Debt. Kwarteng notes the historic stability under gold standards, specifically citing the 2008 financial crisis and national debt level as problems related to the Fed and printing paper money. "The credit crunch, the credit bubble that preceded it, and the huge amounts of debt and deficits that we have are related to paper money,"...
  • U.S. Gold Holdings Close to Zero-Rob Kirby

    05/28/2014 12:05:35 PM PDT · by Rusty0604 · 20 replies
    USA Watchdog ^ | 05/28/2014 | Greg Hunter
    Rob Kirby is an expert on forensic macroeconomics. His research shows central bankers are starting to not trust each other. “Countries around the world with foreign reserve accounts where they hold vast amounts of U.S. dollars, all it’s going to take is for one of them to get really spooked . . . and bolting for the door ... What about America’s gold? Is it still in Fort Knox? Kirby says, “I don’t believe America possesses any substantial amount of gold. America claims to have sovereign holdings of just over 8,000 metric tons. I believe that number is grossly inflated,...
  • Regulator Fines Barclays for Gold Manipulation: Permanent Price Suppression?

    05/25/2014 8:55:15 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | May 25, 2014 | Mike Shedlock
    A couple of readers asked me to comment on the news Regulator Fines Barclays Over the Pricing of Gold. A British financial regulator has fined Barclays $43.9 million after accusing a former trader at the bank of improperly influencing gold prices at the expense of a customer. The F.C.A. also fined the former Barclays trader, Daniel James Plunkett, £95,600 and barred him from participating in any regulated financial activity. The authority said Mr. Plunkett, who settled with it, had profited at the expense of a customer, who was later fully compensated by Barclays. Mr. Plunkett’s improper conduct occurred on June...
  • Why Bitcoin Matters For Bankers

    03/16/2014 11:35:27 AM PDT · by TsonicTsunami08 · 56 replies
    American Banker ^ | March 16,2014 | Marc Hochstein
    Ask Alan Lane. In October, the president and CEO of Silvergate Bank in La Jolla, Calif., was up in Sacramento for a roundtable convened by the California Bankers Association and the state's Department of Business Oversight. Reading a laundry list of about a dozen issues on the department's radar, Commissioner Jan Lynn Owen mentioned Bitcoin — the Internet currency, payment system and technology that's been grabbing headlines, igniting controversy and inspiring innovation across the globe. Lane pricked up his ears, in part because the $616 million-asset Silvergate had been in discussions about banking a Bitcoin startup.
  • Dollar on the Brink of Disaster-John Williams

    05/19/2014 10:30:45 AM PDT · by GilGil · 25 replies
    USA WATCHDOG.COM ^ | 5/18/2014 | Greg Hunter
    So, with another “plunge” in the economy coming, how’s the dollar going to hold up? Williams explains, “You are not seeing an annual deficit of $400 or $500 billion dollars. You are really seeing something close to $6 trillion. That is beyond control, and it raises the question of long term solvency of the U.S. It is a big concern for the global markets. It’s really the reason why nobody outside the United States wants to hold the dollar. Now, look at the U.S. economy, it is turning down. Economic strength is a big factor in the value of a...
  • Gold falls on Yellen’s assessment of economy

    05/07/2014 1:08:09 PM PDT · by Olog-hai · 30 replies
    Associated Press ^ | May 7, 2014 3:37 PM EDT
    Gold is falling after Federal Reserve Chair Janet Yellen gave an upbeat assessment of the U.S. economy and said that inflation remains low. […] Yellen’s comments suggest that the Federal Reserve is set to continue reducing its economic stimulus, lessening the threat of rising prices. Investors typically buy gold as a hedge against inflation. …
  • Dr. Jim Willie-Russia May want Gold Not Stinking Dollars

    05/07/2014 11:02:32 AM PDT · by Rusty0604 · 4 replies
    USA Watchdog ^ | 05/07/2014 | Greg Huunter
    Financial newsletter writer, Dr. Jim Willie, thinks the Ukraine crisis is more of a financial war than a shooting war. Dr. Willie says, “A couple of months ago, I said, ‘Give it time and the whole nation would sink,’ and the Putin strategy would be to create a standoff militarily, maybe some skirmishes, but let the nation sink. It’s been raided of its gold and raided of its official government funds; and, now, the energy companies are in there doing fracking. I think what is happening now is we are starting to see the breakdown.” Dr. Willie, who holds a...
  • The Gold Price is Fixed... So What?

    05/02/2014 3:19:06 PM PDT · by Kaslin · 31 replies
    Townhall.com ^ | May 2, 2014 | Peter Schiff
    We can't ignore it anymore - the markets are rigged. The LIBOR scandal broke almost two years ago, and the banks found responsible for manipulating that key index are still dealing with lawsuits. Meanwhile, allegations of gold market manipulation have been simmering for over a decade and grew into an inferno after the spot price dropped dramatically last spring. Yet I'm left wondering what the conspiracy theorists hope to accomplish. Yes, I believe in exposing truth for its own sake and that the individual investor should have the same opportunities in the marketplace as the big institutions. But with these...
  • A Roman hoard from the end of empire

    05/01/2014 9:44:13 AM PDT · by SunkenCiv · 46 replies
    Past Horizons ^ | April 27, 2014 | VU University Amsterdam
    Dutch archaeologists have recently completed the rescue excavation of a unique treasure hoard dating to the beginning of the 5th century AD, from a field in Limburg... According to the Byzantine historian Zosimus, Constantine III tried to re-secure the entire Roman Rhine frontier against Germanic invaders... The historians Orosius and Zosimus tells us that Constantine III solved the problem of the invading Germanic groups by liberal use of the money bag along with developing close alliances to Germanic warlords on both sides of the Rhine... The Echt hoard would therefore have belonged to a Germanic officer in Roman service –...
  • Gold's Permanent Breakout

    04/29/2014 8:25:37 PM PDT · by publius321 · 5 replies
    You don't have to be on crack to believe the dollar isn't spiraling toward worthlessness but it would probably help if embracing that delusion were to be your goal. (Video-selfie)
  • Gold-Plated Mobile Banned For Muslim Men: Saudi Scholar

    04/25/2014 4:11:15 PM PDT · by nickcarraway · 9 replies
    Emirates 24/7 ^ | Thursday, April 24, 2014
    A well-known Saudi Islamic scholar has issued a fatwa (religious edict) prohibiting men from using a gold-plated mobile phone. Sheikh Abdul Aziz Al Fowzan, a jurisprudence professor and member of the Saudi human rights commission, said women can use such handsets. “As for men, they are prohibited from using gold or gold-plated mobile handsets…such handsets are allowed for women but not men,” he said on his Twitter page in response to a query from a reader. Saudi newspapers said Fowzan’s fatwa came as thousands of men in Saudi Arabia and other Gulf states started to opt for gold-plated mobile phones.
  • World's Largest Gold Crystal Found

    04/17/2014 11:51:14 AM PDT · by BuckeyeTexan · 5 replies
    Live Science ^ | 4/9/ 2014 | Marc Lallanilla
    It's the size of a golf ball, but a lot more valuable: Scientists at Los Alamos National Laboratory's Lujan Neutron Scattering Center have verified that a heavy piece of gold, found years ago in Venezuela, is, in fact, a single crystal of the valuable element — and it's worth an estimated $1.5 million. The lump of gold, which weighs 217.78 grams (about 7.7 ounces), was brought to Los Alamos to confirm whether it was a single crystal of gold, or a more common multiple-crystal structure. "The structure or atomic arrangement of gold crystals of this size has never been studied...
  • Gold Is Having Its Worst Day Since The Day Of The Taper

    04/15/2014 5:48:07 AM PDT · by blam · 36 replies
    BI ^ | 4-15-2014 | Joe Weisenthal
    Gold Is Having Its Worst Day Since The Day Of The Taper Joe WeisenthalApril 15, 2014, 8:30 AMGold is getting smoked today. Worst day since December, when the taper was first announced.
  • The Truth About Buying Gold And Silver

    04/12/2014 10:48:13 PM PDT · by Petro · 69 replies
    Cutting Through The Fog ^ | April 11, 2014 | George B
    Friday, April 11, 2014 The Truth About Buying Gold And Silver Every day, the radio airways and cable news broadcasts are filled with advertising from "gold bug" companies who are trying to convince you to buy both gold and silver. There are dozens of them: Goldline, Lear Capital, Rosland, Merit, and so on. All of whom claim that, by holding these precious metals, you are being protected against inflation as a result of massive government spending and the devaluation of the dollar, or, protected against another recession, depression, or stock market crash. The problem is that all of those claims...
  • Unearthed: The Humble Origins Of World Diplomacy (Hittites)

    01/18/2003 2:51:58 PM PST · by blam · 40 replies · 847+ views
    Independent (UK) ^ | 1-19-2003 | David Keys
    Unearthed: the humble origins of world diplomacy By David Keys, Archaeology Correspondent 19 January 2003 Archaeologists have discovered evidence of an invasion of the Middle East by one of the world's first superpowers, which destroyed much of the region 33 centuries ago. Under the ruins of a 3,800-year-old royal palace in western Syria they have found part of an ancient diplomatic and administrative library, the most important archaeological discovery of its kind for more than 20 years. Accounts on clay tablets describe the region's conquest by one of the Bronze Age's superpowers, the Hittite Empire, in 1340BC. This helped to...
  • Tiny 3-D images from Stanford and SLAC shed light on origin of Earth's core

    12/16/2010 12:58:12 PM PST · by decimon · 14 replies · 2+ views
    Stanford University ^ | December 16, 2010 | LOUIS BERGERON
    A new method of capturing detailed, three-dimensional images of minute samples of material under extreme pressures is shedding light on the evolution of the Earth's interior. Early results suggest that the early Earth did not have to be entirely molten to separate into the rocky crust and iron-rich core it has today. Researchers at Stanford University and SLAC National Accelerator Laboratory are leading the group pioneering the technique, which could lead to a wide range of new experiments.To answer the big questions, it often helps to look at the smallest details. That is the approach Stanford mineral physicist Wendy Mao...
  • The Sun: A Great Ball of Iron?

    07/17/2002 11:33:32 PM PDT · by per loin · 66 replies · 680+ views
    Science Daily
    Source:   University Of Missouri-Rolla (http://www.umr.edu) Date:   Posted 7/17/2002 The Sun: A Great Ball Of Iron? For years, scientists have assumed that the sun is an enormous mass of hydrogen. But in a paper presented before the American Astronomical Society, Dr. Oliver Manuel, a professor of nuclear chemistry at UMR, says iron, not hydrogen, is the sun's most abundant element. Manuel claims that hydrogen fusion creates some of the sun's heat, as hydrogen -- the lightest of all elements -- moves to the sun's surface. But most of the heat comes from the core of an exploded supernova...
  • Sea floor records ancient Earth

    03/23/2007 11:06:03 PM PDT · by Ernest_at_the_Beach · 66 replies · 4,679+ views
    BBC ^ | Friday, 23 March 2007, 09:09 GMT | Jonathan Fildes Science and technology reporter, BBC News
    The ancient sea floor was discovered in southwest Greenland A sliver of four-billion-year-old sea floor has offered a glimpse into the inner workings of an adolescent Earth.The baked and twisted rocks, now part of Greenland, show the earliest evidence of plate tectonics, colossal movements of the planet's outer shell. Until now, researchers were unable to say when the process, which explains how oceans and continents form, began. The unique find, described in the journal Science, shows the movements started soon after the planet formed. "Since the plate tectonic paradigm is the framework in which we interpret all modern-day geology,...
  • Hybrid copper-gold nanoparticles convert CO2 (To Hydrocarbons!)

    04/11/2012 8:26:05 AM PDT · by Red Badger · 59 replies
    http://phys.org ^ | 04-11-12 | Jennifer Chu - Provided by Massachusetts Institute of Technology
    Copper -- the stuff of pennies and tea kettles -- is also one of the few metals that can turn carbon dioxide into hydrocarbon fuels with relatively little energy. When fashioned into an electrode and stimulated with voltage, copper acts as a strong catalyst, setting off an electrochemical reaction with carbon dioxide that reduces the greenhouse gas to methane or methanol. Various researchers around the world have studied copper’s potential as an energy-efficient means of recycling carbon dioxide emissions in powerplants: Instead of being released into the atmosphere, carbon dioxide would be circulated through a copper catalyst and turned into...
  • Geologists point to outer space as source of the Earth's mineral riches

    10/18/2009 11:54:12 AM PDT · by decimon · 35 replies · 1,191+ views
    University of Toronto ^ | Oct 18, 2009 | Unknown
    TORONTO, ON – According to a new study by geologists at the University of Toronto and the University of Maryland, the wealth of some minerals that lie in the rock beneath the Earth's surface may be extraterrestrial in origin. "The extreme temperature at which the Earth's core formed more than four billion years ago would have completely stripped any precious metals from the rocky crust and deposited them in the core," says James Brenan of the Department of Geology at the University of Toronto and co-author of the study published in Nature Geoscience on October 18. "So, the next question...
  • Third world pillaging will destroy the Earth's magnetic field

    09/28/2009 7:39:37 AM PDT · by mudblood · 32 replies · 1,837+ views
    Collective Wishes ^ | 9/28/09 | Candle
    There is a growing body of evidence now to support the theory that Western enviro-pillaging is leading to the flip-flop of the Earth's magnetic field. The acclaimed Indian science journal Jonwar Chodu recently published a controversial piece denouncing the Western World's mining of metal in 3rd world countries. But not for the normal reasons of hegemonic multinational imperialism - itself a good reason to stop all this horrible mining... No, this time it was for a reason far worse. You see, when you take metals from one part of the world, depleting them from whole regions almost entirely, and then...
  • New idea tackles Earth core puzzle

    07/10/2013 9:25:28 PM PDT · by BenLurkin · 30 replies
    BBC ^ | 9 July 2013 Last updated at 08:27 ET Share this pageEmail Print | Simon Redfern
    Scientists have proposed a radical new model for the make-up of the Earth's core. The study may explain a longstanding puzzle about the most inaccessible part of our planet. It suggests that differences between the east and west hemispheres of the core are explained by the way iron atoms pack together. ... Lying more than 5,000km beneath our feet, at the centre of the Earth, the core is beyond the reach of direct investigation. Broadly speaking, it consists of a solid sphere of metal sitting within a liquid outer core. The inner core started to solidify more than a billion...
  • Where Does All Earth's Gold Come From?

    09/10/2011 10:57:34 AM PDT · by Diana in Wisconsin · 83 replies · 2+ views
    Science Daily ^ | September 9, 2011 | Science Daily Staff
    Ultra high precision analyses of some of the oldest rock samples on Earth by researchers at the University of Bristol provides clear evidence that the planet's accessible reserves of precious metals are the result of a bombardment of meteorites more than 200 million years after Earth was formed. During the formation of Earth, molten iron sank to its centre to make the core. This took with it the vast majority of the planet's precious metals -- such as gold and platinum. In fact, there are enough precious metals in the core to cover the entire surface of Earth with a...
  • Jim Willie: US Dollar Funeral At Hand!

    04/10/2014 5:58:29 PM PDT · by Errant · 36 replies
    Silver Doctors ^ | 10 April 2014 | Jim Willie
    A global clash of nations is underway in full gear. The time is finally right. The urgency is acute. The banking system insolvency is widespread. The illiquidity has reached the surface. The geopolitical chessboard has busy movements of many pieces, even with a delayed check in Ukraine after a devious capture of the Cyprus castle but not the Syrian knight. The Saudi support via OPEC for the Petro-Dollar has fallen out of view, dragging its pummeled chin on the desert sands. The Eastern superpowers are marching arm in arm, ready to challenge the West. It seems the Western leaders, in...
  • The ONE Revelation About HFT Programs That Truly Scares Bankers (It's Not Stock Market Rigging)

    04/08/2014 8:09:28 AM PDT · by Errant · 5 replies
    Zero Hedge ^ | 8 April 2014 | smartknowledgeu
    Last week, the big story was how bankers use HFT (High Frequency Trading) algorithmic software not only to rig markets but also to commit theft on a daily basis (Frontrunning, like Quantitative Easing, is just fancy Wall Street lingo to disguise its true meaning of theft). Though many in the public blogosphere expressed shock that stock markets are rigged and that regulators like the Securities Exchange Commission willingly allow this theft to occur, the only thing shocking about this story was how long it took this story to reach the mainstream and that people were crediting Michael Lewis with uncovering...
  • St. Louis Fed Research Director: Bitcoin Could Be A Good Threat To Central Banks

    04/07/2014 7:28:18 AM PDT · by Errant · 8 replies
    Business Inisider ^ | 6 April 2014 | Rob Wile
    Last week, St. Louis Fed Director of Research David Andolfatto released a presentation on Bitcoin, becoming one of the most prominent central bank officials to study the cryptocurrency. We caught up with Andolfatto to ask him about why he put this deck together, where he thinks Bitcoin is going, and whether he personally has anything invested in it. Business Insider: What was the genesis for this presentation? David Andolfatto: Its genesis was a blog post I'd started, addressing arguments that gold bugs frequently put forth, that gold is superior money. Of course, Bitcoin was in the news — I read...
  • Meet the Man Who Wants to Mine the Moon

    10/18/2011 3:42:37 PM PDT · by ColdOne · 28 replies
    FoxNews.com ^ | 10/18/11 | Jeremy A. Kaplan
    The moon is made of far more valuable stuff than green cheese. And one man wants to capitalize on that fact. NASA, which ended America's space shuttle program in June, says it wants to privatize spaceflight. Naveen Jain, co-founder and chairman of Moon Express, Inc., wants to go a step further: He wants to privatize the moon itself. Jain's company plans to piggyback on private shuttle flights, using them to carry his lunar landers and mining platforms to the moon. "People ask, why do we want to go back to the moon? Isn't it just barren soil?" Jain told FoxNews.com....
  • The billionaire who wants to harvest the moon

    04/04/2014 2:35:10 AM PDT · by kingattax · 11 replies
    Yahoo/CNBC ^ | April 3, 2014 | Susan Caminiti
    As a child growing up in rural India in the 1960s and 1970s, Naveen Jain would gaze up at the moon and imagine a life beyond his modest surroundings. Today he's still gazing at the moon, but for far different reasons. Jain, 55, is co-founder of Moon Express, a Mountain View, Calif.-based company that's aiming to send the first commercial robotic spacecraft to the moon next year. This serial entrepreneur-he founded Internet companies Infospace and Intelius-believes that the moon holds precious metals and rare minerals that can be brought back to help address Earth's energy, health and resource challenges. Among...
  • Japanese Prepare For "Abenomics Failure", Scramble To Buy Physical Gold

    03/28/2014 8:46:41 AM PDT · by blam · 37 replies
    Zero Hedge ^ | 3-28-2014 | Tyler Durden
    Japanese Prepare For "Abenomics Failure", Scramble To Buy Physical Gold Tyler Durden 03/28/2014 10:42 -0400 As we reported yesterday, the world's most clueless prime minister, Japan's Shinzo Abe, has suddenly found himself in a "no way out" situation, with inflation for most items suddenly soaring (courtesy of exported deflation slamming Europe), without a matched increase in wages as reflected in the "surprising" tumble in household spending, which dropped 2.5% on expectations of a 0.1% increase in the month ahead of Japan's infamous sales tax hike. How does one explain this unwillingness by the public to buy worthless trinkets and non-durable...
  • Gold And Silver Go From Bearish To More Bearish

    03/28/2014 7:59:31 AM PDT · by blam · 23 replies
    Market Oracle ^ | 3-28-2014 | P Radomski CFA
    Gold And Silver Go From Bearish To More Bearish Commodities / Gold and Silver 2014 Mar 27, 2014 - 03:16 PM GMT By: P Radomski CFA Commodities Briefly: In our opinion short speculative positions in gold (half), silver (half) and mining stocks (full) are justified from the risk/reward perspective. The decline in the precious metals sector continues, as indicated in the previous alerts. Gold, silver and mining stocks have declined once again and appear to be headed lower also today. Did yesterday’s price action change anything? Let’s take a look (charts courtesy of http://stockcharts.com). Today we will start with silver...
  • The Euro Is Not Overvalued (Nor Is Any Other Currency)

    03/22/2014 4:24:25 PM PDT · by BfloGuy · 5 replies
    The Mises Institute ^ | 3/22/2014 | Frank Hollenbeck
    A common argument for dumping the Euro is that it is overvalued, and that the ECB (European Central Bank) is unwilling to correct this so-called “problem.” This overvaluation is regularly cited as being over 10 percent against the dollar. The Swiss central bank surrendered control of its money supply by fixing its currency at 1.2 against the Euro essentially on the notion that its currency was “overvalued.” Advocates of a Euro breakup consider that a country with its own currency can then follow an independent monetary policy ensuring a competitive exchange rate. Never mind that neither the USA nor Great...
  • 28-Year Old Former JPMorgan Banker Jumps To His Death, Latest In Series Of Recent Suicides

    03/18/2014 8:18:11 AM PDT · by Nachum · 27 replies
    Zero Hedge ^ | 3/18/14 | Tyler Durden
    Bellando, a former investment bank analyst at JPMorgan, is the son of John Bellando, chief operating officer and chief financial officer at Condé Nast. His brother, John, a top chief investment officer with JPMorgan, works on risk exposure valuations. Several John Bellando emails were cited during testimony at the Senate Finance Committee’s inquiry into the bank’s losses during the infamous London Whale trade fiasco. Kenneth Bellando — who grew up in Rockville Center, LI, and was a Georgetown graduate — worked as a summer analyst at JPMorgan while in school. Upon graduation in 2007, he was hired as an investment...
  • 'Pawn Stars' store melts down $50K in gold coins

    03/14/2014 6:16:29 AM PDT · by ConservativeStatement · 61 replies
    UPI ^ | March 14, 2014 | Danielle Haynes
    March. 14 (UPI) -- A Nevada man filed a criminal complaint alleging his niece stole and sold his $50,000 coin collection to reality TV's Pawn Stars, which then melted the gold down. David Walters filed the complaint with the Clark County Justice Court on Nov. 27, and by time police notified the pawn shop on Dec. 5, the gold pieces had already been melted down, Radar Online reported.
  • Russia May Retaliate Sanctions By Demanding Payment For Exports In Gold

    03/13/2014 2:59:50 PM PDT · by Nachum · 12 replies
    goldcore.com ^ | 3/13/14 | Mark O’Byrne
    DAILY PRICE REPORT Today’s AM fix was USD 1371.00, EUR 982.30 and GBP 821.70 per ounce. Yesterday’s AM fix was USD 1355.75, EUR 977.47 and GBP 817.01 per ounce.Gold rose $20.10 or 1.5% yesterday to $1,367.10/oz. Silver surged 47 cents or 2.2% to $21.28/oz.Putin and a Gold BarGold extended gains to a third session today, reaching fresh six month highs as investors hedged geopolitical risks and Chinese economic slowdown fears. Gold hit $1,375.20, its highest since September 10 and has gained 14% so far this year on global geopolitical and macroeconomic risk.A significant bond default in China and a weak...
  • Trader kills self in finance world’s latest suicide

    03/12/2014 4:57:25 PM PDT · by Nachum · 30 replies
    New York Post ^ | 3/12/14 | Michael Gray March 12, 2014 | 5:45pm
    A Manhattan trader was killed Tuesday morning by a speeding Long Island Rail Road commuter train, marking at least the seventh suicide of a financial professional this year. Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, jumped in front of an LIRR train at 6 a.m. near the Syosset train station. He was declared dead at the scene. Reilly’s identity was confirmed by Salvatore Arena, an LIRR spokesperson, who said an investigation into the incident was continuing. Passengers on the west-bound express train told MTA investigators they saw a man standing by the tracks before he jumped in...
  • Satoshi Nakamoto’s Silence: Why Gold and Silver are Money and Bitcoin is but Thin Air

    03/12/2014 6:44:31 AM PDT · by SeekAndFind · 15 replies
    New York Sun ^ | 03/12/2014
    One of our favorite japes is about the group of scientists who figure out the secret to life — a way to make a human being from nothing but dirt. When they’ve worked it all out, they are so excited they go directly to God to announce their discovery that He is no longer necessary. He appears a bit surprised, but they offer to demonstrate. He nods. One of the scientists bends down and scoops up a fistful of dirt. “Oh, no,” God exclaims. “You’ve got to make your own dirt.” This is how we feel about bitcoins. The idea...
  • Gold extends gains to 5-1/2 month high on safe-haven demand

    03/12/2014 2:29:46 AM PDT · by Red in Blue PA · 6 replies
    SINGAPORE (Reuters) - Gold climbed for a second session on Wednesday to its highest in 5-1/2 months, as global uncertainty over economic growth and tensions in Ukraine burnished the metal's safe-haven appeal. Weakness in equities and base metals, along with technical buying, propelled gold prices through resistance at $1,355 an ounce, traders said. Other precious metals were higher too, with silver climbing nearly 2 percent. "There is quite a lot of attention on moves in other metal markets, like base metals," said one Hong Kong-based precious metals.
  • Was The Price Of Ukraine's "Liberation" The Handover Of Its Gold To The Fed?

    03/11/2014 9:33:25 AM PDT · by Rusty0604 · 11 replies
    Zerohedge ^ | 03/10/2014 | Tyler Durden
    A curious story, and one which should be taken with a mine of salt, has surfaced out of the pro-Russian newspaper Iskra, which reports - so far on an entirely unsubstantiated basis - that last Friday, in a mysterious operation under the cover of night, Ukraine's gold reserves were promptly loaded onboard an unmarked plane, which subsequently took the gold to the US. From the source: Tonight, around at 2:00 am, an unregistered transport plane took off took off from Boryspil airport. According to Boryspil staff, prior to the plane's appearance, four trucks and two cargo minibuses arrived at the...
  • Gold Scams Revisited

    03/07/2014 7:29:58 AM PST · by Kaslin · 43 replies
    Townhall.com ^ | March 7, 2014 | Peter Schiff
    Before Bear Stearns and Lehman collapsed, the market for physical gold was limited to a relatively small group of investors who understood the havoc inflation was wreaking on our savings and the US markets. As the financial crisis took hold, a flood of new and inexperienced buyers entered the market, creating an opportunity for unscrupulous metals dealers to swindle their way to massive profits. This is what drove me to launch my very own gold dealer, Euro Pacific Precious Metals, to provide a safe alternative for those who were taking my advice to diversify into sound money. In our first...
  • Renewed Indian Demand Driving Gold Prices Higher?

    03/06/2014 11:44:29 AM PST · by blam · 9 replies
    Market Oracle ^ | 3-6-2014 | Julian DW Phillips
    Renewed Indian Demand Driving Gold Prices Higher? Commodities / Gold and Silver 2014 Mar 06, 2014 - 02:04 PM GMTJulian_DW_Phillips Current Situation Since last August, the Indian government placed a stranglehold on gold imports into the country by requiring that 20% of all gold imported be exported as jewellery. This forced the amount of gold imported to drop to 30% of former levels until October of last year. Then the amount imported rose to 38 tonnes a month and has been at that level since then. The amount of gold that was expected to be imported for the year was...
  • $10 Million Gold Coin Find May Have Been Stolen from San Francisco Mint

    03/04/2014 6:34:12 PM PST · by rktman · 26 replies
    Bretibart.com ^ | 3/4/2014 | Unknown
    A US couple who unearthed gold coins worth more than $10 million might have to return them as they may have been stolen, a report said. The California couple uncovered eight cans filled with more than 1,400 coins on their property, in what is believed to be the most valuable treasure trove ever discovered in the United States. They took them to a firm specializing in ancient coins, Kagin's Inc, which valued them and announced last week that they will sell them, via online retail giant Amazon.
  • $10M Gold Coin Hoard Found in Yard May Have Been Stolen From Mint

    03/04/2014 4:39:40 PM PST · by Extremely Extreme Extremist · 41 replies
    YAHOO NEWS ^ | 04 TUESDAY 2014 | YAHOO NEWS
    A California couple who found a stash of buried gold coins valued at $10 million may not be so lucky after all. The coins may have been stolen from the US Mint in 1900 and thus be the property of the government, according to a published report. The San Francisco Chronicle's website reported that a search of the Haithi Trust Digital Library provided by Northern California fishing guide Jack Trout, who is also a historian and collector of rare coins, turned up the news of the theft. The California couple, who have not been identified, spotted the edge of an...
  • The Tulving Company is Out of Business?

    03/03/2014 1:41:20 PM PST · by pterional · 38 replies
    Blog ^ | about.ag
    March 3, 2014 3:45PM As we predicted/requested on Friday, The Tulving Company has gone out of business, as of Monday morning. They are no longer answering their phones, and we have reliable information confirming that they are ceasing operations. This page will be updated as more information comes in. There is a lot of information on our old page about The Tulving Company. We hope to update this page with information about what will happen next. At this point, our best guess is that The Tulving Company will file for bankruptcy. Unfortunately, we believe that there will be little in...
  • Bitcoin Is Not Real Money

    03/01/2014 7:33:41 AM PST · by Kaslin · 123 replies
    Townhall.com ^ | March 1, 2014 | Larry Kudlow
    Just before the bankruptcy of the Mt. Gox bitcoin digital-money (or virtual-currency) exchange, Japanese finance minister Taro Aso predicted the inevitable failure. “No one recognizes them as a real currency,” he told reporters. “I expected such a thing to collapse.” I totally agree with Mr. Aso. For weeks and weeks I have been tweeting and broadcasting that bitcoin is not real money. It is not a reliable medium of exchange, nor is it a reliable store of value. It has no central-bank regulation, network operations, or even centralized issuance. And because of its wild price fluctuations, bitcoin can never...
  • Couple That Found $10 Million in Gold Coins Will Have to Hand Over HOW MUCH in Taxes?

    03/01/2014 5:56:10 AM PST · by rktman · 53 replies
    The Blaze ^ | 2/28/2014 | Becket Adams
    A California couple that discovered $10 million worth of gold coins last year will have to pay nearly half that amount in federal and state income tax, regardless of whether they sell the coins.