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And now less than $1k to the yellow! Let's get 'er done! Thank you very much for your loyal support, Jim

Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $78,514
Woo hoo!! And now over 89%!! Less than $9.5k to go!! Thank you all very much!!

Keyword: gold

Brevity: Headers | « Text »
  • Gold prices plummet to 6-year low

    11/28/2015 11:20:36 AM PST · by BenLurkin · 64 replies
    upi ^ | Nov. 28, 2015 at 1:55 PM | marilynn malara
    Due to what industry analysts say is a strengthening U.S. dollar, an expected rate hike from the Federal Reserve and an apparent Chinese stock market slump, the precious metal's prices temporarily fell to a longtime low of $1,051 an ounce. The commodity's price closed at $1,055.90 on the New York Mercantile Friday, CNN reports. The price indicates gold's decline in popularity since reaching its highest price of $1,890 in 2011.
  • Ted Cruz Rockets Up With Gold And A Flat Tax For His Economic Plan

    11/02/2015 7:12:53 AM PST · by SeekAndFind · 18 replies
    Forbes ^ | 11/02/2015 | Ralph Benko
    Ted Cruz rocked in the presidential race during the CNBC debate. His biggest breakthrough, even more important than his crowd-pleasing holding the media to account, was his credible prescription to get job creation, and equitable prosperity, roaring the way they roared in the Reagan days. Cruz thereby seized, like nobody else yet has, the Reagan jobs-creation and income mobility mantle. Reaganomics had two main legs. Both were widely ridiculed at the time. Both were vindicated by history. The more famous of these was Reagan's dramatic cutting of income tax rates, across the board, to stimulate economic growth, a policy drawn...
  • Treasury Sells 3-Month Bills At 0% Yield For First Time Ever

    10/10/2015 4:16:27 PM PDT · by Lorianne · 77 replies
    Zero Hedge ^ | 06 October 2015 | Tyler Durden
    "Investors" are so desperate to hold on to short-term paper that they paid $100 for a 3-month Treasury-bill at today's auction. That is a 0% yield - for the first time ever - lower even than the auction right after Lehman's bankruptcy in Nov 2008. It is probably safe to say that NIRP is next, followed by more negative yields further to the right of the curve, as the US gradually becomes Europe. But don't worry: as Yellen admitted during her healthcare-scare speech, "nominal interest rates cannot go much below zero", just a little.
  • Dying Petrodollar Ripples Through Markets As Asset Managers Bemoan Loss Of Saudi Bid

    09/29/2015 11:25:20 PM PDT · by RC one · 4 replies
    Dying Petrodollar Ripples Through Markets As Asset Managers Bemoan Loss Of Saudi BidOne of the key things to understand about China’s liquidation of hundreds of billions in US paper is that far from being a country-specific phenomenon, it actually marks the continuation of something that’s been taking place in other emerging markets for some time.As we outlined in “Why It Really All Comes Down To The Death Of The Petrodollar,” the forced sale of Beijing’s UST reserves is simply the most dramatic example of what Deutsche Bank has called “quantitative tightening.” For years, reserve managers in the world’s emerging economies...
  • UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal

    09/28/2015 5:06:30 PM PDT · by SkyPilot · 83 replies
    Zero Hedge ^ | 28 Sep 15 | Tyler Durden
    With countless settlements documenting the rigging of every single asset class, it was only a matter of time before the regulators - some 10 years behind the curve as usual - finally cracked down on gold manipulation as well, even though as we have shown in the past, central banks in general and the Fed in particular are among the biggest gold manipulators. That said, we are confident by now nobody will be surprised that there was manipulation going on in the gold casino. In fact, ever since Germany's Bafin launched a probe into Deutsche Bank for gold and silver...
  • Clumps of gold nanoparticles can evolve to carry out computing

    09/22/2015 2:10:36 PM PDT · by BenLurkin · 9 replies
    Move over, microchip. A random assembly of gold nanoparticles can perform calculations normally reserved for neatly arranged patterns of silicon. Traditional computers rely on ordered circuits that follow preprogrammed rules, but this strategy limits how efficient they can be. “The best microprocessors you can buy in a store now can do 1011 operations per second and use a few hundred watts,” says Wilfred van der Wiel of the University of Twente in the Netherlands. “The human brain can do orders of magnitude more and uses only 10 to 20 watts. That’s a huge gap.” To close that gap, researchers have...
  • Crossing Borders with Gold and Silver Coins - a Glimpse of Things to Come

    09/13/2015 8:46:23 AM PDT · by Rockitz · 49 replies
    Internationalman.com ^ | September 2015 | Doug Casey
    It’s well-known that you have to make a declaration if you physically transport $10,000 or more in cash or monetary instruments in or out of the US, or almost any other country; governments collude on these things, often informally. Gold has always been in something of a twilight zone in that regard. It’s no longer officially considered money. So it’s usually regarded as just a commodity, like copper, lead, or zinc, for these purposes. The one-ounce Canadian Maple Leaf and US Eagle both say they’re worth $50 of currency. But I’ve recently had some disturbing experiences crossing borders with coins....
  • Bank Caught Using Fake Gold As Reserve Capital In Russia

    09/12/2015 4:41:48 PM PDT · by SatinDoll · 29 replies
    Zero Hedge ^ | Sept. 12, 2015 | Tyler Durden
    Over the past several years, incidents involving fake gold (usually in the form of gold-plated tungsten) have emerged every so often, usually involving Manhattan's jewerly district, some of Europe's bigger gold foundries, or the occasional billion dealer. But never was fake gold actually discovered in the form monetary gold, held by a bank as reserve capital and designed to fool bank regulators of a bank's true financial state. This changed on Friday when Russia's "Admiralty" Bank, which had its banking license revoked last week by Russia's central bank, was reportedly using gold-plated metal as part of its "gold reserves." According...
  • Something Just Snapped At The Comex

    09/09/2015 10:12:22 AM PDT · by blam · 24 replies
    Zero Hedge ^ | 9-9-2015 | Tyler Durden
    Tyler Durden 09/09/2015 Just over one month ago, when looking at the latest changes in registered gold held at the Comex ,we were stunned not only by the collapse in this series to a record low of just over 350k ounces or barely over 10 tons, but also by the surge in "gold coverage", or the amount of paper gold claims on physical gold, which exploded to a record high 124 per ounce. This is what we said on August 3: While on its own, gold open interest - which merely represents the total potential claims on gold if exercised...
  • Radar Appears to Confirm Story of Nazi Gold Train in Poland Share on facebook

    09/01/2015 5:49:56 PM PDT · by robowombat · 22 replies
    Military.com ^ | Aug 29, 2015
    A culture official in Poland said radar imagery appears to confirm a story by two men who said they know the location of a mysterious Nazi train that may contain gold or other treasures. Deputy Culture Minister Piotr Zuchowski said Friday he's "more than 99 percent sure that the train is there," but couldn't confirm what was inside the train. ...... ........ The mystery train is believed to be in an abandoned tunnel near Ksiaz Castle, in southwestern Poland. Local legend says the train contains gold, precious stones, art and weapons. The two men who brought the train to the...
  • Suspected location of mystery Nazi gold train set ablaze but authorities insist it wasn't arson

    09/01/2015 6:53:19 AM PDT · by McGruff · 22 replies
    The Telegraph ^ | 31 Aug 2015 | Matthew Day and Gregory Walton
    The mystery surrounding a legendary Nazi gold train buried in Poland took a new twist after the suspected location of the armoured train and its cargo went up in flames. The embankment by the Wroclaw-Walbrzych main line considered to be the favourite for the train’s location in the town of Walbrzych, southern Poland, was burnt along with 219 square yards of forest and bush on it.
  • Poland looking into report of Nazi treasure train found

    08/19/2015 12:38:57 PM PDT · by 2ndDivisionVet · 34 replies
    Reuters-UK ^ | August 19, 2015 | Alexandra Hamilton
    Two people in Poland say they have found a Nazi German train cloaked in mystery since it was rumoured to have gone missing near the end of World War Two while carrying away gems and guns ahead of advancing Soviet Red Army forces. Local authorities in Poland’s southwestern district of Walbrzych said they had been contacted by a law firm representing a Pole and a German who said they had located the train and were seeking 10 percent of the value of the findings. “Lawyers, the army, the police and the fire brigade are dealing with this,” Marika Tokarska, an...
  • Silver Is Soaring

    08/27/2015 10:11:30 AM PDT · by blam · 16 replies
    Zero Hedge ^ | 8-27-2015 | Tyler Durden
    Tyler Durden 08/27/2015 Shortly before 10amET, amid USD strength, futures prices for Copper, Crude, and Silver suddenly started spiking higher...(snip)
  • Nazi gold train 'found' in Poland: live

    08/26/2015 3:19:37 PM PDT · by tcrlaf · 95 replies
    UK Telegraph ^ | 8-26-2015 | Barnet Henderson
    'Significant find' confirmed in Poland as speculation builds it could be lost Nazi train carrying gold - follow latest updates. SNIP--- 23.02 At a press conference Zygmunt Nowaczyk, deputy mayor of Walbrzych, said “the discovery was in the town’s district”. The Polish state treasure and culture ministry have been informed in case the find contained anything of value, Matthew Day reports. SNIP-- All we know for sure so far from today's developments is a press officer in the Polish town confirming a military train has been found and the Walbrzych's deputy mayor saying there was "formal information".
  • Two Men Say They’ve Found a Mythical Train of Nazi Gold

    08/25/2015 4:52:05 PM PDT · by nickcarraway · 42 replies
    Smithsonian ^ | AUGUST 24, 2015 | Danny Lewis
    Treasure hunters have searched for it since the end of World War II, but it may have never existed in the first placeTw wo treasure hunters are claiming they have discovered a train full of Nazi gold and jewels hidden under a mountain in Poland. As much as it sounds like a movie plot, the lost train is a bit of a local legend around the city of Wroclaw. The story goes that towards the end of World War II, as the Soviet army marched on eastern Germany, a Nazi train loaded with gold, valuable art and jewels disappeared into...
  • Gold stands tall as China fears fuel safe-haven draw

    08/23/2015 10:46:28 PM PDT · by BenLurkin · 9 replies
    reuters.com ^ | Sun Aug 23, 2015 10:57pm EDT | Manolo Serapio Jr
    Asian equities tumbled, the U.S. dollar retreated and industrial commodities from copper to oil slid to their weakest since 2009. "Gold is rising on market fears," said Howie Lee, analyst at Phillip Futures in Singapore. Lee said gold looks on track to rally to $1,200 an ounce, a level last seen in June. Gold rose to as much as $1,168.40 on Friday, its highest since July 7. It gained more than 4 percent last week, the most since mid-January. Fears of a China-led global economic slowdown drove Wall Street to its steepest one-day drop in nearly four years on Friday,...
  • Coins worth $4.5m recovered from shipwreck

    08/22/2015 9:11:40 PM PDT · by bob_denard · 24 replies
    MIAMI: Treasure hunters off Florida have found $4.5 million in gold coins from a Spanish ship that sunk during a hurricane in the 18th century , the sal vage company said on Wednesday. The ship 'Ten Galleons' traveling from Havana to Spain... "Over 350 gold coins, including 9 Royals were recovered on July 30 & 31 on the actual 300th anniversary of the wreck,"
  • Seven dead, 300 hurt as huge blast hits China's Tianjin: reports

    08/12/2015 3:21:56 PM PDT · by Perdogg · 53 replies
    A massive explosion at a warehouse in the northern Chinese port city of Tianjin killed seven people and sent a fireball ripping through the sky, state media reported Thursday. The blast, which could be felt kilometres (miles) away, was triggered when a shipment of explosives detonated in the container where it was being stored, according to the official Xinhua news agency.
  • 12 Signs That An Imminent Global Financial Crash Has Become Even More Likely

    08/16/2015 4:24:40 AM PDT · by SkyPilot · 49 replies
    Economic Collapse ^ | 11 Aug 15 | Michael Snyder
    Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were rattled. The Dow fell 212 points on Tuesday, and Apple stock plummeted another 5 percent. As we hurtle toward the absolutely critical months of September and October, the unraveling of the global financial system is beginning to accelerate. At this point, it is not...
  • Gold Jumps After China Reveals It Bought Another 19 Tons In July

    08/14/2015 6:28:06 AM PDT · by SeekAndFind · 11 replies
    Zero Hedge ^ | 08/14/2015 | Tyler Durden
    One month ago, when everyone suspected that the PBOC's dramatic, 57% jump in gold holdings after a 6 year silence, to a "record" 1658 tons would be a "one-and-done" event, meant to facilitate China's admission into the SDR, we disagreed. This is what we said: ... now that the seal has been finally broken after so many years, and since today's update indicates that Chinese gold numbers are clearly goal-seeked with a specific policy purpose - to boost confidence - we await for the PBOC to start leaking incremental gold holding data every month (and especially in months when...
  • Local martial arts students bring home medalse from Worlds Soo Do Family World Championships

    08/10/2015 1:48:53 PM PDT · by SandRat · 4 replies
    Sierra Vista Herald ^ | Staff/HERALD REVIEW
    Members of Sierra Vista’s Choson Martial Arts took part in the recent 4th Biennial Worldwide Tang Soo Do Family World Championships in Las Vegas. The event brought Tang Soo Do practitioners from 12 different countries: Aruba, Belgium, Chile, Germany, Great Britain, Greece, Malaysia, Netherlands, Poland, Republic of South Africa, Scotland and the USA. More than 600 competitors and masters participated in the world-class tournament. Team Choson, representing the US team, and brought home one gold medal, one silver and one bronze. This was their first ever competition at the international level, and medals were awarded in the forms and sparring...
  • Commodities Are Re-entering A 'Deflationary Vortex'

    08/10/2015 11:11:40 AM PDT · by blam · 26 replies
    BI ^ | 8-10-2015 | Akin Oyedele
    Akin Oyedele August 10, 2015The pain is far from over for commodity prices. Gold, crude oil, copper, and aluminum have all had ugly plunges this year, especially in July. And as far as analysts at Macquarie see it, it's only going to get worse.In a note to clients on Monday, the firm writes that the plunge in prices is not just a story of oversupply in commodities but also an undersupply of the dollar. And so as dollars become more scarce, the dollar gets more expensive, meaning that on a gross basis, fewer dollars buy more commodities, making it hard...
  • China Is Hiding 9,500 Tons Of Gold

    08/07/2015 5:26:04 AM PDT · by blam · 15 replies
    BI - Money Week ^ | 8-7-2015 | Dominic Frisby
    Dominic Frisby, MoneyWeek August 7, 2015 How much gold does China have? The question won’t go away, because the answer is vital. The answer could define, in no uncertain terms, how important or irrelevant gold is in the modern world. Is gold obsolete, or does it still have a significant role to play?Today we consider that question, and look once again at China’s gold... Gold – useless shiny pet rock or the very essence of money? Some people argue that gold is just an inert, useless metal, good for little more than jewellery. Its role in finance is as obsolete...
  • Opinion: Why China probably has a lot more gold than it admits

    08/05/2015 8:48:17 PM PDT · by TigerLikesRooster · 8 replies
    Market Watch ^ | July 20, 2015 | David Marsh
    Opinion: Why China probably has a lot more gold than it admits By David Marsh Published: July 20, 2015 11:48 a.m. ET Transparency on holdings linked to review by the IMF on joining the special drawing right China has lifted a veil over its gold holdings and confirmed its interest in providing more up-to-date reserves data by announcing a near 60% jump in its official bullion assets since 2009. /snip The PBoC said its gold reserves were 1,658 tons against 1,054 tons in April 2009, which was the last time China declared its gold holdings. In 2009 the reserves total...
  • Gold Price Forecast: Is Gold About to Hit $350?

    07/31/2015 7:09:33 PM PDT · by BenLurkin · 31 replies
    profitconfidential.com/ ^ | Friday, July 31, 2015 | By Peter Prazic
    Gold has been mauled this week as the commodity sank to a four-year low. But it may get a lot worse, according to economist Claude Erb, who said that his gold price forecast could see bullion tumble to $350 an ounce. Erb deserves to have his opinion taken seriously, as he was among the only analysts predicting a long-term bear market for gold back in 2012. Rather than sit smugly by as gold lost $500.00 in value since his prediction, Erb has gone on the offensive this week and said it could get much, much worse. He bases this prediction...
  • Inflation deniers emboldened by gold's struggles

    07/28/2015 9:08:00 PM PDT · by BenLurkin · 6 replies
    resourceinvestor.com ^ | July 28, 2015 | Clint Siegner
    The deflationists argue that hugely accommodative monetary policy in the U.S., Japan (and nearly everywhere else in the world) has failed to produce real growth. Debt and obligations to social programs such as Medicare and pensions are so massive they can’t be paid. Therefore, according to deflation forecasters, they won’t be. Their predictions of default and accompanying bank failures, bankruptcies, and surging unemployment were bolstered by recent news out of Greece. Falling commodity prices and economic malaise have reemerged. They claim zero interest rate policy and quantitative easing merely delayed the inevitable for a bit. The inflation camp shares the...
  • Sanford treasure hunters find $1M in gold off Florida's coast

    07/27/2015 7:18:55 PM PDT · by Brad from Tennessee · 19 replies
    Orlando Sentinel ^ | July 27, 2015 | By Desiree Stennett
    When Eric Schmitt's metal detector got a hit about 15 feet below the ocean's surface, he didn't think much of it. Most of the time, the metal detectors uncover beer cans and lead fishing weights. But this time was different. This time, the treasure-hunter from Sanford struck gold, and a lot of it. Treasure-hunting Sanford family strikes gold-again Holidays are a lucky time for a treasure-hunting family from Sanford, Florida. Last year on Labor Day, the Schmitts made national news when they pulled several pieces of a solid gold chain - more than 60 feet in all - from the...
  • Gold is doomed

    07/27/2015 4:19:44 AM PDT · by expat_panama · 94 replies
    Washington Post ^ | July 25, 2015 | Matt O'Brien
    A little less than four years ago, the world looked like it was about to end and gold hit an all-time high of $1,895 an ounce. The United States had manufactured a debt crisis, and Europe hadn't been able to manufacture a solution to its actual debt crisis, so panicky investors sought safety... [snip] That didn't mean, though, that gold wasn't a good short-term investment. It was. Just not for the reason goldbugs thought. Now, the problem with gold is it doesn't pay any interest or dividends, but it does cost money to store. So you have to pay up...
  • India Rising? Modi’s Landmark Tax Bill Will Likely Pass, Says Eurasia

    07/24/2015 11:07:39 AM PDT · by entropy12
    Barron's Asia Edition ^ | 23-7-15 | Shuli Ren
    China’s loss is India’s gain. International investors are pulling out of China and plowed $705 million into India since June 12, sending the Sensex Index 7% higher. But does India have any near-term catalysts? The buzz on Narendra Modi‘s landmark reform Goods & Taxes Bill is back. An important panel in the Upper House of the parliament, which Modi’s political party does not have majority in, already approved the GST bill. Now Modi just needs to get this bill passed in the Upper House. But worryingly, the monsoon session of the parliament, which opened on Tuesday and will end on...
  • China's Record Dumping Of US Treasuries Leaves Goldman Speechless(90 days $520 billion U.S. T-Bonds)

    07/23/2015 5:20:22 AM PDT · by Enlightened1 · 39 replies
    Zero Hedge ^ | 07/22/15 | Tyler Durden
    On Friday, alongside China's announcement that it had bought over 600 tons of gold in "one month", the PBOC released another very important data point: its total foreign exchange reserves, which declined by $17.3 billion to $3,694 billion. We explained all of his on Friday in "China Dumps Record $143 Billion In US Treasurys In Three Months Via Belgium", and frankly we have been surprised that this extremely important topic has not gotten broader attention. Then, to our relief, first JPM noticed. This is what Nikolaos Panigirtzoglou, author of Flows and Liquidity had to say on the topic of China's...
  • Forget gold, the sugar price collapse is far more dramatic [deflation, not debasing]

    07/22/2015 4:13:03 AM PDT · by expat_panama · 32 replies
    UK Telegraph ^ | 21 Jul 2015 | John Ficenec
    Things are not so sweet for the sugar market. Prices have been tumbling and reached a six-year low on Monday on news that Brazil's cane growers are in for a bumper harvest. But while gold made the headlines, the dramatic fall in the sugar price was widely overlooked, despite closing down 4.4pc, compared with a 2.3pc slump in the price of bullion. Over the past year alone, sugar prices have fallen by a quarter. So why has everything turned sour? Bumper Harvest Monday's sharp price drop was driven by signs that Brazil, the world's biggest producer of sugar, is on...
  • Bullion Direct Files Chapter 11 Bankruptcy

    07/20/2015 4:40:07 PM PDT · by ponygirl · 16 replies
    About.ag ^ | 7/16/2015 | Unknown
    BullionDirect, Inc. has filed a petition for Chapter 11 bankruptcy. The case is 15-10940-tmd in the U.S. Bankruptcy Court of the Western District of Texas (Austin). Noteworthy is that BullionDirect, Inc. now has only one direct, Dan Bensimon (President, Chief Restructuring Officer and Sole Director). I find this encouraging. It also only lists 11 unsecured creditors in the list of the 20 largest unsecured claims. This may be due to the fact that it is a Chapter 11 (e.g. Kitco's CCAA/bankruptcy filing did not include customers as creditors, as their storage customers did not appear on their balance sheet). But...
  • India, Iran mull over gold-for-oil

    01/10/2011 3:34:36 PM PST · by DeaconBenjamin
    Economic Times ^ | 8 Jan, 2011, 01.36AM IST, | Dheeraj Tiwari & Rajeev Jayaswal
    NEW DELHI: India is determined to ensure steady crude oil supplies from Iran and is even considering settling payments with gold in the short term before the two countries agree on a mutually accepted currency and a bank to clear the transactions."We have written a letter to NIOC (National Iranian Oil Company) asking it to suggest a bank where US sanctions are not applicable," a government official involved in the matter said requesting anonymity. Another official said India could settle crude oil import transaction using gold in the short term, while efforts to resolve the deadlock continue. An Indian delegation,...
  • Gold prices plunge to five-year low

    07/20/2015 8:08:32 AM PDT · by Citizen Zed · 7 replies
    cnn money ^ | 7-20-2015
    Gold plunged to its lowest level in five years on Monday, triggered by heavy selling overnight and signs Chinese demand may be weaker than expected. Prices plunged by as much as $40 an ounce in minutes when Asian markets began trading around 9.30 pm ET on Sunday, before stabilizing in European trade. By 9.15 am ET, the metal was down about 2% at $1,110, having dived below $1,100 -- a level not seen since 2010.
  • Gold Flash Crashed

    07/20/2015 2:24:28 AM PDT · by Enlightened1 · 25 replies
    KITCO ^ | 07/20/15
  • This 65-year beer vs gold price chart is the only one you need

    07/18/2015 12:50:32 PM PDT · by JimSEA · 10 replies
    Mining.com ^ | 7/8/2015 | Frik ElS
    It's still months away, but amid all the turmoil on financial markets and chaos in the global economy, you can't help but look forward to this year's Oktoberfest. Incrementum's ninth annual In Gold We Trust report analyzes gold primarily as a monetary asset and not as a commodity like say hops or barley. The Liechtenstein-based asset managers conclude that "the competitive position of gold relative to paper money and other asset classes has improved considerably in recent months" and have 140 pages of charts and tables to prove it. Many comparisons from everyday life show that gold is currently not...
  • Gold just hit a 5-year low

    07/17/2015 9:31:56 AM PDT · by SeekAndFind · 13 replies
    Business Insider ^ | 07/17/2015 | AKIN OYEDELE
    Gold just hit a five-year low. On Friday morning, the precious metal fell more than 1% to as low as $1,129.80 an ounce, the lowest since 2010. In a morning note to clients on Friday, Accendo Markets wrote: "Gold ($1,144) lower yet again after the German conservatives voted to start talking about the details of a third Greek bailout while Grexit plans were locked away for the time being. So when investors are confident, they sell gold; when they're worried, they don't buy it. A strong US dollar with all this talk of interest-rate hikes likely contributing to gold's seeming...
  • Texas Launches Gold-backed Bank, Challenging Federal Reserve

    07/15/2015 4:37:37 PM PDT · by VitacoreVision · 55 replies
    The New American ^ | 15 July 2015 | Alex Newman
    The State of Texas is setting up a gold-backed bank that will allow depositors to bypass the controversial Federal Reserve System and its fiat currency in banking and commerce, according to the state representative who authored the recently enacted law. Under the measure, passed overwhelmingly by lawmakers and signed in mid-June by Republican Governor Greg Abbott, Lone Star State officials will establish and operate the Texas Bullion Depository for anyone who would like to deposit and trade in precious metals. The implications are as big as Texas.While some analysts have said the move may be another sign heralding Texas’ eventual...
  • Cash for Cheese: The Bank That Accepts Parmigiano Reggiano as Loan Collateral

    07/15/2015 9:40:24 AM PDT · by nickcarraway · 7 replies
    The Daily Reporter ^ | 14-Jul-2015 | Mark Astley
    Cash for cheese may sound like a parody of the cash for gold scheme, but in Italy it's a reality for many Parmigiano Reggiano producers seeking quick cash.
  • Archaeologists Baffled By 2,000 Tiny Gold Spirals Discovered In Denmark

    07/14/2015 12:36:43 PM PDT · by BenLurkin · 55 replies
    gizmodo ^ | July 13, 2015
    Boeslunde is in Zealand, the large island that sits between mainland Denmark and the tip of Sweden. It’s a hotbed for archaeology in Denmark since it has served as a connective hub for thousands of years—netting recent finds as diverse as 1,000-year-old viking jewelry to actual fortresses in the past year. Boeslunde, where the spirals were discovered, is “a special sacred place in the Bronze Age where prehistoric people performed their rituals and offered gold to the higher powers,” according to the Danish National Museum’s curator, Flemming Kaul. The constant discovery of new gold around the area has spurred more...
  • Has the Federal Reserve Sold the Gold at Fort Knox?

    07/09/2015 9:41:27 AM PDT · by HomerBohn · 76 replies
    The New American ^ | 7/8/2015 | Joe Wolverton
    famed Fort Knox is a facility managed by the U.S. Mint. Curiously, however, in a recent exchange of e-mails with a gold investment blog, the former director of that agency demonstrates a disturbing lack of knowledge about the precious metal supposedly stored there. And the Federal Reserve may be hiding the location and value of the allegedly missing bullion. On July 1, Koos Jansen of goldseek.com published another in a series of posts exploring the fate of the gold allegedly kept in vaults at Fort Knox, Kentucky. In his latest article, Jansen makes some startling claims that if proven true,...
  • Beam Me Up Scotty. The funniest line in any news article this week.

    07/05/2015 8:11:28 PM PDT · by xzins · 122 replies
    Red State ^ | July 5th, 2015 | Erick Erickson
    Texas has a stockpile of gold. That gold is kept in New York City in an underground vault managed by HSBC. Texas has decided it wants all its gold back in Texas. Earlier this year, Governor Greg Abbott signed a law that had sailed through the Texas Legislature. It sets up a depository facility in Texas that will house all of Texas’s gold inside Texas. According to the Associated Press, Texas’s gold measures “about 20 square feet”. I’m thinking that should be cubic feet, but no matter. That’s not the best part. In examining how Texas might get its actual,...
  • Greek banks prepare plan to raid deposits to avert collapse

    07/03/2015 5:53:34 PM PDT · by House Atreides · 85 replies
    FT.com ^ | July 3, 2015 | Kerin Hope
    Greek banks are preparing contingency plans for a possible “bail-in” of depositors amid fears the country is heading for financial collapse, bankers and businesspeople with knowledge of the measures said on Friday. The plans, which call for a “haircut” of at least 30 per cent on deposits above €8,000, sketch out an increasingly likely scenario for at least one bank, the sources said.
  • Texas wants its gold back inside the state's borders

    07/04/2015 3:57:40 PM PDT · by Enlightened1 · 35 replies
    AP ^ | 07/04/15
    Forget Fort Knox or the Federal Reserve. Texas has decided to start keeping its gold holdings within in its own borders. But what makes sense politically in such a sovereignty-loving place is creating a logistical conundrum. Texas is the only state that owns an actual stockpile of gold, according to public sector and financial industry experts - not just gold futures or investment positions, but approximately 5,600 gold bars worth around $650 million. The holdings, stored at a New York bank, for some harken back to century-old fears about the security of currency not backed by shiny bullion. The Legislature's...
  • Anyone here looking at precious metals stocks? (vanity)

    07/01/2015 4:09:01 PM PDT · by Leaning Right · 17 replies
    July 1, 2015 | me
    Some precious metals funds I've been following are approaching lows not seen since 2002. China is buying gold. Russia is buying gold. India is buying gold. Yet these mining stocks continue to fall. I'm thinking this might be a buying opportunity. But I'm usually wrong. And ideas from the FR market sages?
  • Gold Prospecting in the United States

    06/19/2015 10:00:40 AM PDT · by JimSEA · 27 replies
    Geology.com ^ | 2015 | Harold Kirkimo
    Anyone who pans for gold hopes to be rewarded by the glitter of colors in the fine material collected in the bottom of the pan. Although the exercise and outdoor activity experienced in prospecting are rewarding, there are few thrills comparable to finding gold. Even an assay report showing an appreciable content of gold in a sample obtained from a lode deposit is exciting. The would-be prospector hoping for financial gain, however, should carefully consider all the pertinent facts before deciding on a prospecting venture.
  • Texas Building New Facility To Store Gold Reserves Out of Reach of Federal Confiscation or Seizure

    06/17/2015 1:17:50 PM PDT · by texas_mrs · 67 replies
    Conservative Refocus ^ | 6/17/2015 | Tom Boggioni
    The state of Texas is demanding the Federal Reserve in New York repatriate $1 billion in gold bullion after Governor Greg Abbott signed a bill establishing a state-run gold reserve in the Lone Star state. Abbott signed House Bill 483 into law last Friday, stating, “Today I signed HB 483 to provide a secure facility for the State of Texas, state agencies and Texas citizens to store gold bullion and other precious metals. With the passage of this bill, the Texas Bullion Depository will become the first state-level facility of its kind in the nation, increasing the security and stability...
  • Writing's On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable"

    06/13/2015 2:12:39 PM PDT · by Rockitz · 78 replies
    ZeroHedge.com ^ | 13 Jun 2015 | Tyler Durden
    The lack of faith in central bank trustworthiness is spreading. First Germany, then Holland, and Austria, and now - as we noted was possible previously - Texas has enacted a Bill to repatriate $1 billion of gold from The NY Fed's vaults to a newly established state gold bullion depository..."People have this image of Texas as big and powerful … so for a lot of people, this is exactly where they would want to go with their gold," and the Bill includes a section to prevent forced seizure from the Federal Government. From 2011: "The University of Texas Investment Management...
  • Avi Gilburt doubles down: Gold is going to $25,000

    06/12/2015 5:09:07 PM PDT · by ForYourChildren · 33 replies
    MarketWatch ^ | June 12, 2015 | Avi Gilburt
    Last week I wrote a column on MarketWatch that seems to have stirred quite a bit of debate. Within the column, I was pointing to the potential for a multi-decade rally to be seen in the metals and mining stocks. It seems many of you had very strong feelings that this was simply not possible. Over the next few weeks, I will attempt to address the concerns many of you have presented in your comments to my piece.
  • Change.org petition urges IOC to revoke Caitlyn Jenner’s gold medal

    06/03/2015 3:57:23 PM PDT · by ScottWalkerForPresident2016 · 22 replies
    The Washington Post ^ | 06/03/2015 | Cindy Boren
    A petition posted on change.org is urging the International Olympic Committee to take back the gold medal Caitlyn Jenner won in the 1976 Games in Montreal. Jenner, who announced her new name as Caitlyn on Monday and said she has always known she was a woman, competed in the Olympic decathlon as Bruce Jenner. In 1976, Jenner, who was married at the time, was not taking hormone therapy; she may have known she was a woman for her whole life, but she was living as a man, no matter how unhappily, at that time.