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Keyword: gold

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  • The Secret Advantage Gold/Silver Owners Have Over Everyone

    11/20/2014 6:40:09 PM PST · by blam · 30 replies
    TMO ^ | 11-20-2014 | Guy Christopher
    Nov 20, 2014Guy Christopher Guy Christopher writes: A lot of folks took advantage of recently falling gold and silver prices to beef up their precious metals holdings. Those adding to their portfolios understood the old adage of buying low and selling high. Unfortunately, others wait until dollar values of gold and silver have zoomed before deciding to convert their paper money. Still, most make buying decisions for their own good reasons. They either have the confidence of their convictions, or they have good questions still unanswered. One of the frequent questions we get at Money Metals Exchange is a good...
  • Congressman Seeks to End Program He Calls ‘More Dangerous’ Than IRS Scandal

    11/20/2014 9:08:15 AM PST · by PapaNew · 9 replies
    The Daily Signal/The Heritage Foundation ^ | November 19, 2014 | Kelsey Harkness
    Calling a secretive government operation to strangle politically out-of-favor businesses “more dangerous” than the IRS targeting scandal, a congressman with a background in banking is preparing to introduce legislation to kill the Obama administration initiative. “I believe this activity is probably more dangerous and more disastrous than that of the IRS scandal because this is running people out of business for no reason and it’s harming livelihoods, incomes [and] families,” Rep. Blaine Luetkemeyer, R-Mo., said today in an interview with The Daily Signal. Luetkemeyer, a member of the House Financial Services Committee, was comparing the Department of Justice’s Operation Choke...
  • Ukraine Admits Its Gold Is Gone: "There Is Almost No Gold Left In The Central Bank Vault"

    11/18/2014 9:38:20 AM PST · by tcrlaf · 32 replies
    Zerohedge ^ | 11-18-2014 | Durden
    We reported of a strange incident that took place just after the Ukraine presidential coup, namely that .... "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." "at 2:00 am, a 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 airport all with their license plates missing. Fifteen people .... stepped out, some armed with machine guns. These people loaded the plane with more...
  • Islamic State minting own currency

    11/16/2014 3:06:03 AM PST · by jmcenanly · 22 replies
    UPI ^ | Nov. 14, 2014 at 12:23 AM | Mary Papenfuss
    ALEPPO, Syria, Nov. 13 (UPI) -- Here's what every caliphate apparently needs: its own money, so Islamic State leaders plan to mint their own gold, silver and copper coins. The decision aims to remove Muslims from the "tyrant's financial system" and a global monetary operation "based on satanic usury," said a statement by the Islamic State's Beit al Mal, or treasury, and posted on websites used by jihadist movements. The exchange rate of the new currency — which will consist of seven coins — and where it can be found will be spelled out in a future statement. Unlike many...
  • ISIS to mint own Islamic dinar coins in gold, silver and copper

    11/14/2014 10:25:45 AM PST · by Olog-hai · 7 replies
    Manchester Guardian ^ | Friday 14 November 2014 10.23 EST | Martin Chulov
    It has gathered its fortune through the tools of modern finance, but now Islamic State (ISIS) aims to mint its own coins. The move is reportedly the brainchild of the ISIS leader, Abu Bakr al-Baghdadi, who has personally overseen the design of gold, silver and copper coins of the Islamic dinar to be used in his self-declared caliphate—as soon as the terror group can locate a mint and enough precious metals. ISIS released designs of the coins and a breakdown of denominations. It claims the currency will free Muslims from a financial order that has “enslaved and impoverished” them. But...
  • Russia: Putin Is Hoarding Gold and Rattling Sabers--What’s He Up to Now?

    11/15/2014 7:47:15 AM PST · by TigerLikesRooster · 10 replies
    Fiscal Times ^ | November 14, 2014 | Rob Garver
    Putin Is Hoarding Gold and Rattling Sabers--What’s He Up to Now? By Rob Garver, The Fiscal Times November 14, 2014 The Russian government has spent the last few days giving the world a lot more to worry about. From moving more tanks into Ukraine, to transferring nuclear weapons-capable units to Crimea, to announcing that it will start flying long-range bombers over the Gulf of Mexico, the Kremlin hasn’t exactly been a stabilizing force in global affairs for the past few days. Then, there’s this: It turns out that in addition to invading neighbors and taking an increasingly belligerent global posture,...
  • Islamic State Group Says It Will Mint Its Own Coins

    11/14/2014 4:42:19 PM PST · by misanthrope · 25 replies
    Associated Press ^ | Friday November 14, 2014 5:02 AM
    CAIRO (AP) — The leader of the Islamic State group has ordered the terror organization to start minting gold, silver and copper coins for its own currency — the Islamic dinar. A website affiliated with the group posted the order late Thursday, saying IS leader Abu Bakr al-Baghdadi instructed his followers to mint the coins to "change the tyrannical monetary system" modelled on Western economies that "enslaved Muslims."
  • ROBBER BARON BANKERS: Scam $1.3 Quadrillion/yr

    11/14/2014 9:06:30 AM PST · by ednoonan7 · 8 replies
    American Resistance Party ^ | Nov 14, 2014 | Edward C Noonan
    PRESS RELEASE NOVEMBER 14, 2014 ROBBER BARON BANKERS: Scam $1.3 Quadrillion/yr November 14, 2014 – Reuters reported yesterday: “Regulators fined six major banks including Citigroup (C.N) and UBS (UBSN.VX) a total of $4.3 billion for failing to stop traders from trying to manipulate the foreign exchange market, following a year-long global investigation. HSBC (HSBA.L), Royal Bank of Scotland (RBS.L), JP Morgan (JPM.N) and Bank of America (BAC.N) also face penalties resulting from the inquiry that has put the largely unregulated $5 trillion-a-day market on a tighter leash, accelerated the push to automate trading and ensnared the Bank of England.” See:...
  • ISIS Unveils Its New Gold-Backed Currency To Remove Itself From "The Oppressors' Money System"

    11/13/2014 8:32:33 AM PST · by Rusty0604 · 45 replies
    Zerohedge ^ | 11/13/2014 | Tyler Durden
    . It appears the rumors are true. Islamic State is set to become the only 'state' to back its currency with gold (silver and copper) as it unveils the new coins that will be used in an attempt to solidify its makeshift caliphate. ISIS says the new currency will take the group out of "the oppressors' money system." As Zaid Benjamin notes, ISIS releases details of its new currancy with golden 1 & 5 dinar, silver 1, 5, 10 dirham and copper 10 & 20 fils It seems Alan Greenspan may have been on to something after all... "Remember what...
  • Now ISIS wants to introduce its own currency: Plans to bring back solid gold and silver ...

    11/11/2014 8:32:13 AM PST · by Rusty0604 · 34 replies
    Daily Mail ^ | 11/10/2014 | Emma Glanfield
    ISIS wants to introduce its own currency and plans to bring back solid gold and silver dinar coins, it has emerged. The Middle East terror group apparently wants to introduce its own Islamic currency as part of its attempts to solidify its makeshift caliphate. The currency known as the dinar, which once consisted purely of gold and silver coins, is today used by a variety of countries, but the coins are created from different materials to the originals. However, the jihadi group is understood to be planning to return to the original gold and silver coins, which were first introduced...
  • Greenspan's Stunning Admission: "Gold Is Currency; No Fiat Currency, the Dollar, Can Match It"

    11/07/2014 2:40:45 PM PST · by blam · 35 replies
    Zero hedge ^ | 11-7-2014 | Tyler Durden
    Tyler Durden 11/07/2014 For some reason, the Council of Foreign Relations, where ex-Fed-Chief Alan Greenspan spoke last week, decided the following discussion should be left out of the official transcript. We can perhaps understand why... as Gillian Tett concludes, "comments like that will be turning you into a rock star amongst the gold bug community." Greenspan (Uncut):(Click to the site to see the video) TETT: Do you think that gold is currently a good investment? GREENSPAN: Yes... Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the...
  • Gold Is Getting Destroyed ($1140 Oz)

    11/05/2014 6:17:31 AM PST · by blam · 67 replies
    BI ^ | 11-5-2014 | Elena Holodny
    Elena Holodny November 5, 2014 Gold is getting crushed. Again. The yellow metal is at $1,140 per ounce, down by about 2.3%. It got as low as $1,137. This is the lowest level since April 2010. Gold has been dropping to new lows for several weeks as the dollar has strengthened. Oil is another commodity that is tumbling again. WTI crude oil prices dropped as low as $75.84 per barrel shortly after 5 a.m. ET. Brent crude touched $81.63. While this is great for consumers, this is troubling for the oil producers, who may be forced to idle unprofitable projects....
  • Gold Price Falls, Stocks Record Highs As Japan Goes ‘Weimar’

    10/31/2014 5:52:01 PM PDT · by blam · 30 replies
    The Market Oracle ^ | 10-31-2014 | Gold Core
    Gold Core October 31, 2014 Stocks globally surged, while gold fell sharply today despite renewed hopes that the Bank of Japan’s vastly increasing money printing will fill some of the gaps left by the apparent end of Federal Reserve bond buying. The BOJ decided to increase the pace at which it expands base money to a whopping 80 trillion yen ($726 billion) per year. Previously, the BOJ targeted an annual increase of 60 to 70 trillion yen. The BOJ sailed into deeper uncharted monetary territory with the announcement that they would triple annual purchases of exchange-traded funds (ETFs) and Japanese...
  • Yamana Gold (AUY) Drops 15% in one day

    10/30/2014 9:49:57 AM PDT · by MeneMeneTekelUpharsin · 20 replies
    Yahoo Finance ^ | 30 October 2014
    Yamana Gold dropped 15% in one day after news of a charge taken for Brazilian operations.
  • Alan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, "Buy Gold"

    10/29/2014 11:47:09 AM PDT · by Rusty0604 · 17 replies
    Zerohedge ^ | 10/29/2014 | Tyler Durden
    It appears it is time for some Hillary-Clinton-esque backtracking and Liesman-esque translation of just what the former Federal Reserve Chief really meant. As The Wall Street Journal reports, the Fed chief from 1987 to 2006 says the Fed's bond-buying program fell short of its goals, and had a lot more to add. Mr. Greenspan’s comments to the Council on Foreign Relations came as Fed officials were meeting in Washington, D.C., and expected to announce within hours an end to the bond purchases. He said the bond-buying program was ultimately a mixed bag. He said that the purchases of Treasury and...
  • Fireworks Fly As Peter Schiff Warns "An Economy That Lives By QE, Dies By QE"

    10/28/2014 4:08:38 PM PDT · by blam · 16 replies
    Zero Hedge ^ | 10-2014 | Tyler Durden
    Tyler Durden 10/28/2014 Ahead of tomorrow's decision by the FOMC, Peter Schiff ventured on to CNBC to discuss the economy, the fed, and gold... among other things. Schiff rightly fears that while the Fed may well stop QE3 tomorrow, QE4 will not be too long behind it as he notes, rather eloquently, that "an economy that lives by QE, will die by QE" as the Fed's total lack of willingness to allow stocks to fall (see Bullard 2 weeks ago) or a 'cleansing' recession leaves the nation's economy in far worse shape than it was before the Fed's intervention. Schiff...
  • Large Gold Nugget Found in Butte County

    10/22/2014 9:16:37 PM PDT · by PeaceBeWithYou · 55 replies
    Action News Now ^ | Oct 21, 2014 4:49 PM | News Staff
    A five pound, quarter of a million dollar gold nugget was found on Butte County public land this summer. The nugget, found in July, is currently being held at Kagin's Inc. in the Bay Area and will be unveiled to the public at the San Francisco Fall Antiques Show scheduled to begin Thursday. Information about the nugget and its finder remain vague. The person who found it has chosen to keep their identity a secret, and the location of its discovery is only being described as somewhere in the foothills in Butte County on public land. The Butte Nugget was...
  • FORGET GOLD: Here Are 11 Odd Items People Use To Store Their Wealth

    10/22/2014 7:23:19 AM PDT · by blam · 46 replies
    BI ^ | 10-22-2014 | Akin Oyedele
    Akin Oyedele October 22, 2014"Gold gets dug out of the ground in Africa or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head." That's what Warren Buffett said back in 1998. Gold has long been considered a safe-haven investment. However, the price of gold has performed dismally in recent years. For those who don't trust the conventional financial markets, there are alternative more unorthodox ways to put away wealth. We put together a list of some...
  • Nevada Residents to Decide Fate of Mining Tax

    10/15/2014 10:35:42 AM PDT · by JimSEA · 6 replies
    mining.com ^ | 10/12/2014 | Andrew Topf
    The Nevada gold-mining industry is keeping its ear carefully tuned to what residents think of the state's mining tax. In November Nevada residents will be asked to vote on whether to remove a mining-tax cap from the Nevada constitution, which stipulates that the mining industry will pay no more than 5 percent tax on the net proceeds of minerals. If voters reject the 5 percent provision, the state legislature could impose whatever tax rate it pleases.
  • The Ebola outbreak is not just a human tragedy. It’s also an economic one.

    10/14/2014 6:41:59 PM PDT · by 2ndDivisionVet · 9 replies
    The Washington Post's Wonkblog ^ | October 14, 2014 | Ylan Q. Mui
    Harnessing the energy of the St. Paul River in Liberia, the Mount Coffee hydroelectric plant was supposed to bring power -- and prosperity -- to a country upended by nearly two decades of civil war. That was before the outbreak of Ebola ravaged the developing nation, where less than 1 percent of the population has access to reliable public electricity. Construction on the plant has ground to a halt. The foreign staffers leading the project have left the country. Hopes of lighting up Liberia by 2016 could are dimming. The Ebola epidemic has killed more than 2,300 people in Liberia,...
  • Debate: Should the Silver State repeal mining-tax cap?

    10/10/2014 7:16:01 AM PDT · by redreno · 7 replies
    http://www.reviewjournal.com ^ | 10/10/2014 | By MICHELLE RINDELS
    LAS VEGAS — Proponents of a ballot measure that would remove a mining-tax cap from the Nevada constitution said the industry has a sweetheart deal that keeps it from paying its fair share, while opponents said the measure is the first step toward raising taxes and discouraging mining companies from doing business in the state. The remarks came during a debate on Question 2 that was scheduled to air at 7 p.m. Thursday on Vegas PBS. Passing the measure would repeal a 150-year-old constitutional provision that applies a 5 percent cap to taxes on the net proceeds of minerals and...
  • Gold prices hurting miners? Throw Ebola into the mix

    10/07/2014 9:16:30 AM PDT · by JimSEA · 1 replies
    Mining.com ^ | 10/03/2014 | Cecilia Jamasmie,
    In an in-depth assessment of the disease’s likely impact, the bank concludes that from the gold mining companies operating in the continent Randgold Resources (LON:RRS) is particularly exposed due to the locations of its mines, as the company's production is entirely focused on West and Central Africa. Nordgold and AngloGold Ashanti (NYSE:AU) are also in a tough position, with 57% and 53% of their net present value (NPV) in the most affected region respectively, it adds. Iron ore and aluminum producers, as well as oil drillers also have some exposure. ArcelorMittal (NYSE:MT) has iron ore assets in both Guinea and...
  • Alan Greenspan Lets His Hair Down; Talks Up Gold

    10/07/2014 6:53:17 AM PDT · by SeekAndFind · 5 replies
    Forbes ^ | 10/07/2014 | Brian Domitrovic
    Former Federal Reserve chair Alan Greenspan published a mighty interesting article in Foreign Affairs last week. He said that China could be thinking of increasing its gold stocks in a big way. Perhaps, Greenspan implied, the Chinese even have a thought of making their currency, the RMB, convertible in gold. The episodic article went on to discuss how strange it is that the big fiat-country countries, from the United States on, maintain their multi-hundred-billion-dollar gold stocks. They never want to sell, for all the trashing of gold-as-money from the wonks, economists, and serious statesmen. When gold prices are low (which...
  • Will Gold Crash With The Dow... Or Soar?

    10/06/2014 8:01:10 PM PDT · by blam · 44 replies
    Zero Hedge ^ | 10-6-2014 | Tyler Durden
    Tyler Durden 10/06/2014 In 2008, we projected that the crash in the market was in fact a mini-crash and that the day would come when a more major crash would occur - one that reflected the level of debt. In recent months, this prognostication has been gaining traction - that a second, more severe crash is inevitable. There are two primary camps amongst economists with regard to the economic direction that a crash will generate: inflationists and deflationists. Inflationists tend to feel that the governments of the world that are now in debt over their heads will do what governments...
  • Silver Soars As The Dollar Dumps Most In A Year; Stocks Surrender Payrolls Gains

    10/06/2014 2:41:55 PM PDT · by blam · 24 replies
    Zero Hedge ^ | 10-6-2014 | Tyler Durden
    Tyler Durden 10/06/2014 Following Friday's post-payrolls exuberance, the US Dollar crashed by the most in over a year today and stocks retraced most of their gains with only European data (weak) to base any momentum ignition on. Today's stock weakness turning point coincided with the bankruptcy headlines of GTAT but the divergence to USDJPY and bonds set the scene for stocks' demise. Trannies were today's laggard (after leading Friday) along with small-caps as The Dow clung to 17,000 and S&P closed marginally red. EUR strength led USD weaker and the plunge accelerated into the US close (eradicating all payrolls gains)....
  • The Weekend Is Over, And Gold Is Falling ($1185)

    10/05/2014 5:58:45 PM PDT · by blam · 56 replies
    BI ^ | 10-5-2014 | Joe Weisenthal
       October 5, 2014Joe Weisenthal There goes gold. As markets whirr back to life to start the week, gold is falling again. (snip)
  • GOLD ($1198 Oz)

    10/03/2014 6:28:13 AM PDT · by blam · 30 replies
    Kiytco ^ | 10-3-2014 | blam
    Buying Time.
  • Billionaire George Soros just bought 18 million of Yamana Gold, Inc.(AUY); Should you buy too?

    10/01/2014 12:32:56 PM PDT · by MeneMeneTekelUpharsin · 20 replies
    The Motley Fool ^ | 29 September 2014 | Robert Baillieul
    George Soros may be one of the best investors on Earth. In 1973, he founded the Quantum Fund. Over the next two decades, Soros went on to earn 30% annual returns for his clients. This performance has cemented his place amongst legends like Warren Buffett and Peter Lynch. That’s why you should always watch what stocks Soros is buying. And right now, he’s making some big bets on the mining sector. George Soros bought $18 million of this gold stock. Soros hasn’t hesitated to express his concerns about fiat currencies. Central bankers are flooding the world with cheap money and...
  • Opinion: Gold May Rebound as Bearishness Sets In

    09/25/2014 7:52:57 AM PDT · by MeneMeneTekelUpharsin · 3 replies
    Market Watch ^ | 25 September 2014 | Mark Hulbert
    It was two weeks ago when I reported that sentiment analysis, at long last, was on the side of the bulls — at least for a tradeable rally. Yet, far from rallying, bullion today is $18 per ounce lower — a nine-month low — than it was then. Does this mean contrarian analysis was wrong? Have contrarians reconsidered their bullish turn? No is the answer, on both counts. Consider the average recommended gold market exposure level among a subset of short-term gold market timers tracked by the Hulbert Financial Digest (as measured by the Hulbert Gold Newsletter Sentiment Index, or...
  • Gold crashes and is now tarnished for good

    09/22/2014 7:50:29 PM PDT · by MeneMeneTekelUpharsin · 93 replies
    Market Watch ^ | 22 September 2014 | Jeff Reeves
    Gold shined brightly at the beginning of 2014, with bullion prices jumping by about 13% from New Year’s Day until mid-March. But since spring, and particularly since July, gold prices have been on the decline. Last week, the precious metal settled near lows not seen since Christmas 2013. So should investors consider this sell-off as an opportunity to buy precious metals on the cheap? Or is gold really tarnished for some time to come? Sadly for gold bugs, it’s the latter. There’s always a big argument for gold as the only alternative amid overpriced stocks, a weak U.S. recovery and...
  • Here a bubble, there a bubble: Ol' Marc Faber

    09/19/2014 10:34:58 AM PDT · by SkyPilot · 9 replies
    CNBC ^ | 19 Sep 14 | Matthew J. Belvedere
    Even after the Dow and the S&P 500 closed at new all-time highs, closely followed contrarian Marc Faber keeps sounding the alarm. "We have a bubble in everything, everywhere," the publisher of The Gloom, Boom & Doom Report told CNBC's "Squawk Box" on Friday. Faber has long argued that the Federal Reserve's massive asset purchasing programs and near-zero interest rates have inflated stock prices. The catalyst for a market decline, as he sees it, could be a "raise in interest rates, not engineered by the Fed," referring an increase in bond yields.
  • Silver Is Getting Crushed

    09/19/2014 2:14:13 PM PDT · by blam · 75 replies
    BI ^ | 9-19-2014 | Akin Oyedele
    Akin Oyedele September 19, 2014 On Friday, Silver fell more than 3% to less than $18 an ounce, its lowest level in more than four years.Silver - FinViz The price of gold also fell about 0.8% and touched its lowest level since January. Gold has been weak recently and is approaching a four-year low. Gold - FinViz Platinum also fell to a nine-month low.(snip)
  • Super-rich rush to buy 'Italian Job' style gold bars

    09/19/2014 9:41:52 AM PDT · by C19fan · 20 replies
    UK Telegraph ^ | September 28, 2014 | John Ficenec
    The super-rich are looking to protect their wealth through buying record numbers of "Italian job" style gold bars, according to bullion experts. The number of 12.5kg gold bars being bought by wealthy customers has increased 243pc so far this year, when compared to the same period last year, said Rob Halliday-Stein founder of BullionByPost. "These gold bars are usually stored in the vaults of central banks and are the same ones you see in the film 'The Italian Job'," added David Cousins, bullion executive from London based ATS Bullion.
  • Will The Swiss Vote to Get Their Gold Back?

    09/16/2014 4:43:34 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | September 16, 2014 | Ron Paul
    On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the SNB's assets. Arising from popular sentiment similar to movements in the United States, Germany, and the Netherlands, this referendum is an attempt to bring more oversight and accountability to the SNB, Switzerland's central bank. The Swiss referendum is driven by an undercurrent of dissatisfaction with the...
  • Egyptian Commentator Demands Jews Return Gold Taken in Exodus

    09/15/2014 1:43:23 AM PDT · by markomalley · 26 replies
    Arutz Sheva ^ | 9/14/2014
    Not for the first time, an Egyptian commentator (this time a political scientist) has demanded that the Jews compensate Egypt for the gold they took on their way to freedom from slavery. (snip) It is worth noting that today's Egyptians are mostly the descendants of Arab conquerers - not the ancient Egyptians of Biblical times.
  • Time Magazine Derides Marine General Smedley Darlington Butler

    08/19/2014 4:38:16 AM PDT · by CharlesOConnell · 6 replies
    Time Magazine ^ | March 17, 2014 | Steven Welch
    December 3, 1934, Time Magazine, Plot Without Plotters, From Straight Dope One frosty dawn in November 1935, 500,000 War veterans rolled out of their blankets in the pine barrens around the CCC camp at Elkridge, Md. The brassy bugle notes of "Assembly" hurried them to the camp's parade ground, where, mounted on a white horse and surrounded by his staff, they found their leader, Major General Smedley Darlington ("Old Gimlet Eye") Butler, U. S. M. C., retired. "Men," cried General Butler, "Washington is but 30 miles away! Will you follow me?" The answer was a mighty shout: "We will!" Squad...
  • Lack of Gold Standard Hurts U.S. Economic Growth, Forbes Says

    07/15/2014 8:05:11 AM PDT · by Kaslin · 26 replies
    Townhall.com ^ | July 15, 2014 | Paul Dykewicz
    LAS VEGAS--The absence of a gold standard in the United States is hindering economic growth and leading to ill-fated monetary policies, former Republican presidential candidate Steve Forbes told more than 1,000 attendees during his keynote speech at the FreedomFest conference here. Forbes confidently reinforced his past advocacy for a return to the gold standard to help stabilize the falling U.S. dollar, reassure foreign investors of the value of U.S. government bonds and spur federal spending discipline. He pointed blame directly at the U.S. government by telling attendees that such intervention is needed because “Big Brother” is “destroying the dollar.” “The...
  • De-Dollarization Accelerates - China/Russia Complete Currency Swap Agreement

    08/09/2014 5:24:13 PM PDT · by SkyPilot · 28 replies
    Zero Hedge ^ | 9 Aug 14 | Tyler Durden
    The last 3 months have seen Russia's "de-dollarization" plans accelerate. First Gazprom clients shift to Euros and Renminbi, then the UK signs currency swap agreements with China, then NATO ally Turkey cuts ties and mulls de-dollarization, Switzerland jumps in the currency swap agreements, and BRICS create their own non-US-based funding vehicle, and then finally this week, Russia's oligarchs have shifted cash holdings to Hong Kong. But this week, as RT reports, Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US...
  • Gold Prices Reveal Truth About U.S. Economy

    08/04/2014 7:59:04 AM PDT · by SovereignSociety · 49 replies
    The Sovereign Investor ^ | August 1st, 2014 | Jeff Opdyke
    Wall Street, the Fed and the oval office are determined to convince you that the U.S. economy is on the upswing. After all, the economy grew at a 4% annualized rate in the second quarter.  And jobs growth continues to exceed 200,000 new jobs monthly — assuming, of course, that you buy into the manipulations used to calculate the jobs picture and disregard the inconvenient truth that our economy is gaining more low-wage part-time jobs and losing more higher-wage full-time jobs. So, apparently, life outside my front door is hunky-dory, peachy-keen and all-around nifty — at least that’s what...
  • Booty Makes Big Discovery On Treasure Coast Wreck Site. (17th century) Gold Pyx.

    08/02/2014 10:13:34 AM PDT · by NYer · 8 replies
    Shown below are two parts of the same item found 25 years apart.  The front part (on the right) was found 25 years ago, while the back (left) was recently found by the crew of the Booty.  Treasure Coast Finds. Photo source: Video from Orlando Sentinel link below. A truly great discovery was made this summer by a Treasure Coast salvage crew.  In fact a lot of discoveries were made, but the one I want to focus on today isn't a gold coin or even a bunch of gold coins, but something more important. 25 years ago a very intricate...
  • Gold Could Go To Infinity" - Ron Paul

    07/30/2014 5:56:17 PM PDT · by blam · 64 replies
    Zero Hedge ^ | 7-30-2014 | Ron Paul
    07/30/2014 Ron Paul “I Still Believe In Gold” - Ron PaulDr Ron Paul, the popular Presidential candidate and America and the world's most popular libertarian voice, told CNBC yesterday that he “still believes in gold” and that “gold could go to infinity.” Former U.S. Representative Dr Ron Paul told CNBC's Jackie DeAngelis and the Futures Now Traders that the long-term case for gold remains firmly intact.Dr Ron Paul: “Timing is the only thing. I remember watching gold when it was 35 dollars an ounce and we thought if it ever hit a hundred dollars, the world would come to an...
  • Experts: America's gold is gone

    07/18/2014 6:35:46 PM PDT · by SkyPilot · 91 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 · 21 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.