Keyword: gold

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  • 'Exceptional' medieval treasure trove unearthed at abbey in France

    11/18/2017 7:26:20 PM PST · by vannrox · 11 replies
    The Local ^ | 15 November 2017 | Editorial staff
    An "exceptional and rare" medieval treasure trove including more than 2,200 gold and silver coins has been found in France in what has been called a "remarkable" discovery by archaeologists. It's the kind of discovery archaeologists dream of. While investigating an area next to the former Benedictine monastery Cluny Abbey in eastern France, a research group came across a pile of medieval treasure. Photo: Alexis Grattier/University of Lyon II "It's an exceptional and extremely rare treasure," said Anne Flamman from France's National Centre for Scientific Research (CNRS). "We understood straight away that it was a unique discovery and I...
  • Leander Chosen as Site for Texas Bullion Depository

    11/03/2017 2:14:27 PM PDT · by ameribbean expat · 26 replies
    AUSTIN, Texas (AP) — An Austin-area city will be home to the Texas Bullion Depository with construction expected to begin early next year. Texas Comptroller Glenn Hegar on Friday announced the site will be in Leander (lee-AND'-ehr), about 20 miles (32 kilometers) north of Austin. The exact location hasn't been revealed for security reasons. Hegar in June announced Lone Star Tangible Assets of Austin was selected to build and operate the depository. The 2015 Legislature approved a plan to start keeping the state's gold holdings within its own borders, instead of in an underground vault at a New York City...
  • Paypal Co-Founder Says Bitcoin is Underestimated, Compares to Gold

    10/27/2017 2:43:21 AM PDT · by Logicbox · 39 replies
    Cointelegraph ^ | 25/10/2017 | Jacob J
    Billionaire venture capitalist and PayPal co-founder Peter Thiel has been a long time proponent of Bitcoin. At the Future Investment Initiative in Riyadh, Saudi Arabia, Thiel once again reiterated the potential of Bitcoin, stating that people are underestimating it.
  • Bitcoin Passes $7100

    11/02/2017 4:02:38 PM PDT · by Enlightened1 · 94 replies
    Coin Marketcap ^ | 11/02/17
    It's ridding high and worth more than gold. https://coinmarketcap.com/
  • Royal Canadian Mint-stamped gold wafer appears to be fake

    10/31/2017 12:10:26 AM PDT · by ransomnote · 9 replies
    cbc.ca ^ | Oct 30, 2017 | Stu Mills
    The Royal Canadian Mint is investigating how a sealed, "pure gold" wafer with proper mint stampings may in fact be a fake. The one-ounce gold piece, which was supposed to be 99.99 per cent pure, was purchased by an Ottawa jeweller on Oct. 18 at a Royal Bank of Canada branch. Yet tests of the bar show it may contain no gold at all. When neither the mint nor RBC would take the bar back, jeweller Samuel Tang contacted CBC news.
  • Royal Canadian Mint-stamped gold wafer appears to be fake

    10/30/2017 2:01:49 PM PDT · by Leaning Right · 41 replies
    CBC News ^ | Oct 30, 2017 | Stu Mills
    The Royal Canadian Mint is investigating how a sealed, "pure gold" wafer with proper mint stampings may in fact be a fake. The one-ounce gold piece, which was supposed to be 99.99 per cent pure, was purchased by an Ottawa jeweller on Oct. 18 at a Royal Bank of Canada branch. Yet tests of the bar show it may contain no gold at all.
  • First-seen neutron star collision creates light, gravitational waves and gold

    10/16/2017 7:55:20 AM PDT · by C19fan · 40 replies
    CNN ^ | October 16, 2017 | Ashley Strickland
    For the first time, two neutron stars in a nearby galaxy have been observed engaging in a spiral death dance around one another until they collided. What resulted from that collision is being called an "unprecedented" discovery that is ushering in a new era of astronomy, scientists announced Monday.
  • Can Mali Maintain Its Gold Mining Status?

    10/04/2017 12:45:57 PM PDT · by bananaman22 · 10 replies
    Oilprice.com ^ | 04-10-2017 | Joao
    Mali’s gold exports are falling, and new discoveries aren’t enough to make up for the loss of its giant legacy mines, where production is already dead or winding down, and the fate of one of the biggest of them all—Sadiola—now hangs in the balance.
  • Dollar to Gold Ratio According to U.S National Debt Clock

    09/25/2017 8:55:51 PM PDT · by WhatNot · 60 replies
    I wanted to post this just in case people missed it, a while back the U.S National Debt clock began publishing the real ratio for U.S dollars to gold. At this point it's up over 6,000 per ounce. Keep stacking!
  • Federal Reserve to Launch Its Own E-currency: Fedcoin

    09/23/2017 11:10:02 AM PDT · by PPSman · 39 replies
    EconomicPolicyJournal.com ^ | September 23, 2017 | Robert Wenzel
    The U.S. Federal Reserve will not only issue its own cryptocurrency but will also make sure Americans use it, according to Doug Casey. “To start with, I suspect it’s going to be a parallel currency. Perhaps usable just within the U.S. which, in effect, would be a form of foreign exchange controls even more effective than the inability of Americans to open up foreign bank and brokerage accounts today [due to monetary control through FATCA]…I think it’s a near certainty that they’re going to do something like this and soon.” They will call it Fedcoin. David Andolfatto, vice president at...
  • Convicted gold scammer Larry Bates sentenced to 21 years in Federal Prison.

    09/17/2017 10:27:56 PM PDT · by Monterrosa-24 · 17 replies
    CoinWeek ^ | 13 Sept 2017 | Hubert Walker
    On Thursday, September 7, the Acting United States Attorney for the Western District of Tennessee, Lawrence J. Laurenzi, announced the federal sentences given to Larry Bates and three other members of his family for their convictions in a gold and silver Ponzi scheme that defrauded customers from around the country of over $26 million USD in unfulfilled orders. Sentencing had been delayed due to legal motions filed by the defense. After a five-week-long trial in May of this year, former Tennessee state representative and Christian talk radio host Larry Bates was convicted of the 46 counts of mail and wire...
  • Venezuela Stops Accepting Dollars; The Beginning of the Collapse of the Dollar as Reserve Currency?

    09/14/2017 9:33:08 AM PDT · by PPSman · 47 replies
    EconomicPolicyjournal.com ^ | September 14, 2017 | Robert Wenzel
    In retrospect, this could be the most important economic event of 2017. The oil-rich country of Venezuela has stopped accepting the U.S. Dollar as payment for oil. Last week President Maduro warned that the country would this week ‘free’ itself from the US dollar. “Venezuela is going to implement a new system of international payments and will create a basket of currencies to free us from the dollar.” Yesterday Venezuela temporarily suspended the sale of U.S. dollars through its Dicom auction system. This (and other moves) was in response to U.S. sanctions put in place by the Trump administration.
  • China sees new world order with oil benchmark backed by gold

    09/05/2017 7:37:59 PM PDT · by bkopto · 44 replies
    Nikkei Asian Review ^ | 9/1/2017 | Damon Evans
    China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry. The contract could become the most important Asia-based crude oil benchmark, given that China is the world's biggest oil importer. Crude oil is usually priced in relation to Brent or West Texas Intermediate futures, both denominated in U.S. dollars. China's move will allow exporters such as Russia and Iran to circumvent U.S. sanctions by trading in yuan. To further entice trade, China says the yuan will be fully convertible into gold...
  • China Begins To Reset The World’s Reserve Currency System

    09/04/2017 9:54:08 PM PDT · by Enlightened1 · 36 replies
    Investing ^ | 09/04/17 | David I. Kranzler
    It’s a strategic move swapping oil for gold, rather than for U.S. Treasuries, which can be printed out of thin air. – Grant Williams A report released by the Nikkei Asian Review indicates that China is prepared to release a yuan-denominated oil futures contract that is convertible (backed by) physical gold. The contract will enable China’s largest oil suppliers to settle oil sales in yuan, rather than in dollars, and then convert the yuan into gold on exchanges in Hong Kong and Shanghai. This is a significant step in removing the global reserve currency status of the dollar and resetting...
  • Will Gold's Safe-haven Rally Stick As Gold Blows Through $1,300?

    08/29/2017 1:48:08 PM PDT · by Mr Apple · 66 replies
    Kitco News ^ | August 29, 2017 | Frank Holmes
    Gold prices were trading at the highest level in almost a year on Tuesday as investors flocked to the safe haven on heightened tensions between North Korea and Japan. Trading solidly above the key psychological level of $1,300 on the news of a North Korea missile launch over Japan's airspace...
  • World Markets On Edge After North Korea Fires Missile Over Japan

    08/29/2017 9:01:42 AM PDT · by Mr Apple · 12 replies
    Kitco News ^ | August 20, 2017 | JIM WYCKOFF
    (Kitco News) – News that North Korea fired a ballistic missile over Japan has rattled world markets. Global stock indexes are lower and safe-haven assets like gold and U.S. Treasuries are higher. U.S. stock indexes are pointed toward lower openings when the New York day session begins. Gold prices hit an 11-month high overnight, as a combination of safe-haven demand and technical buying are boosting the yellow metal.
  • Mnuchin’s Pre-Fort Knox Quip: ‘I Assume the Gold Is Still There’

    08/21/2017 12:46:10 PM PDT · by ARGLOCKGUY · 19 replies
    U.S. Treasury Secretary Steven Mnuchin will check out the nation’s gold stash when he pays a rare official visit to Fort Knox on Monday -- while keeping an open mind for future film projects. “I assume the gold is still there,” the former Hollywood producer joked to an audience in Louisville, Kentucky, 40 miles (64 km) north of the U.S. Bullion Depository. “It would really be quite a movie if we walked in and there was no gold.” Fort Knox has been seared into the public imagination since the 1964 James Bond movie “Goldfinger,” in which the British spy, played...
  • Sales of gold bars rising amid rising tension on peninsula [S. Korea]

    08/12/2017 9:19:13 PM PDT · by TigerLikesRooster · 18 replies
    Korea Herald ^ | 2017-08-13
    Sales of gold bars rising amid rising tension on peninsula Sales of gold bars, regarded as a safe haven for investors, are increasing in South Korea amid escalating tension with North Korea, industry sources said Saturday. The Korea Gold Exchange, a local trader, said the average daily sales of 100-gram gold bars reached 250 units since Wednesday, rising sharply from 50 units on average. Industry watchers said the demand for smaller gold bars is increasing as they are easier to carry compared to kilo-level products. A 10-gram gold bar is currently trading at around 550,000 won ($480), the trader added....
  • The Fed Has 6,200 Tons of Gold in a Manhattan Basement—Or Does It?

    08/10/2017 2:34:18 PM PDT · by Red Badger · 42 replies
    www.wsj.com ^ | Aug. 10, 2017 12:30 p.m. ET | By Katy Burne
    Eighty feet below the streets of lower Manhattan, a Federal Reserve vault protected by armed guards contains about 6,200 tons of gold. Or doesn’t. The Fed tells visitors its basement vault holds the world’s biggest official gold stash and values it at $240 billion to $260 billion. But “no one at all can be sure the gold is really there except Fed employees with access,” said Ronan Manly, a precious-metals analyst at gold dealer BullionStar in Singapore. If it is all there, he said, the central bank has “never in its history provided any proof.” Mr. Manly is among gold...
  • Debunking the EPA’s Fake Accounts of the Gold King Mine Disaster

    07/27/2017 5:56:12 AM PDT · by george76 · 13 replies
    The Daily Signal ^ | July 26, 2017 | Rob Gordon
    After almost two years, the Environmental Protection Agency’s Office of Inspector General released its report on the Gold King Mine disaster that dumped over a million pounds of metals into the Animas River, turning dozens of miles of the river orange. While inspectors general are tasked with finding out the truth and holding agencies accountable, this recently released report sheds no more light on the disaster than previous misleading reports. EPA Administrator Scott Pruitt has inherited not only an environmental mess, but also the mess created by an agency more interested in its narrow self-interests than truth. Pruitt now has...