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Keyword: gold

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  • Was toppling Libya all about the money?

    05/19/2015 4:39:45 PM PDT · by Starman417 · 22 replies
    Flopping Aces ^ | 05-19-15 | DrJohn
    In 2011 Barack Obama led from behind a NATO coalition bent on removing Moammar Gaddafi from power in Libya. The removal and death of Gaddafi was, Obama put it, a warning to "iron fisted" rulers everywhere. Syria, Iran and North Korea excepted, of course. Over at Foreign Policy this was hailed as a huge success. "Leading from behind" is an important element of this doctrine. It is no insult to lead but let others feel they too are architects of a plan, to lead without making others feel you are bullying, to lead but do so in a way in...
  • Alabamaís Gold Rush: A Tiny Town Once Worth Millions

    05/15/2015 3:05:49 PM PDT · by nickcarraway · 21 replies
    WAIT ^ | May 12, 2015 | Stephen Hauck
    Itís a town most people in Alabama donít even know exists. But, thatís not the way things have always been, as this tiny Tallapoosa County community was once one of the largest cities in Alabama. The reason can be found deep beneath the woods near the main road that runs through town. James ďCoyĒ Powell, whose ancestors have lived in Goldville for generations, said he hopes the history of this town doesnít fade away like the population has. ďItís a sacred spot that I can go back and I can tell people like you, you know this wasnít easy back...
  • Scientists Identify Mysterious, Sword-Filled Caribbean Shipwreck

    05/13/2015 6:44:07 PM PDT · by ckilmer · 33 replies
    huffingtonpost ^ | Posted: 05/13/2015 3:02 pm EDT | By Ryan Grenoble
    In 2011 archaeologists happened upon a stunningly well-preserved shipwreck off the coast of Panama. The wreckage, a mere 40 feet underwater, was untouched by looters and still carrying a full load of tools and weapons. Now, after years of work, scientists finally know the ship's story.
  • This policy has correlated with higher unemployment, more bankruptcies and greater inequality...

    05/12/2015 8:41:27 AM PDT · by fredericbastiat1 · 4 replies
    TheBlaze Books ^ | 2015-05-12 | Benjamin Weingarten
    "From 1947 when [the] Bretton Woods System really got operating to 1971, when the dollar was convertible into gold at a 35th of an ounce, unemployment in America averaged 4.7 percent. And then we got rid of the Bretton Woods system ó we defaulted on it ó we went to fiat money, and in the years from 1971 to today, unemployment has averaged significantly above 6 percent. Low unemployment: gold standard. High unemployment: fiat money. But itís not just unemployment. The bankruptcy rate which Elizabeth Warren likes to focus on was one point something per thousand for years, and suddenly...
  • Dacian Goldís Heavy Price

    05/08/2015 7:53:39 AM PDT · by Sean_Anthony · 7 replies
    Canada Free Press ^ | 05/08/15 | Dr. Ileana Johnson Paugh
    Historians agree that some of the Roman military campaigns were motivated by the need to find and control ore reserves required for coinage. Monetary payments were made for a while using un-coined bronze called aes rude and cast bronze ingots called aes signatum. Rome eventually built its own mint and coined silver denarii and smaller coins of bronze. During Emperor Augustusí reign, a gold coin called aureus was minted, which could be exchanged into silver denarii. Because the Greeks kept their silver drahms as a basis for their monetary system, money exchangers of various currencies were found in large cities....
  • More Precious than Silver or Gold Ė Meditation on the Spiritual Work of Mercy-Instruct the Ignorant

    04/30/2015 7:31:11 AM PDT · by Salvation · 9 replies
    Archdiocese of Washington ^ | 04-30-15 | Msgr. Charles Pope
    More Precious than Silver or Gold ‚Äď A Meditation on the Spiritual Work of Mercy to Instruct the Ignorant By: Msgr. Charles PopeTo instruct comes from the Latin in + struere, which means to build up or (even more literally) to pile up. In English,¬†there is also the notion of strewing¬†something. For example, to strew¬†hay¬†or to¬†say that the seed has been strewn. Thus, to instruct means to disperse knowledge or build someone up in what is learned.These days, the word¬†‚Äúignorant‚ÄĚ is most often used in a negative or pejorative sense. And thus to say that someone is ignorant usually...
  • Gold Is Near an All-Time Inflation-Adjusted Low

    04/29/2015 9:51:07 PM PDT · by dennisw · 15 replies
    caseyresearch ^ | April 2015 | Jeff Clark
    If youíre someone whoís skeptical of government-reported numbers, youíll find the following chart confirms your suspicions. And if youíre someone whoís attracted to value, youíll love the chart.There is a lot of criticism of the governmentís CPI number simply because it doesnít really seem to reflect what the average person experiences. Even with gas prices in decline, other segments of our society have seen prices accelerate. Healthcare and college costs are two biggies, rising far more than the current 0.2% reading. And many food items have scary trajectoriesóground beef has more than doubled since 2010.Meanwhile, the gold price has fallen...
  • The power of gold and rebalancing in a portfolio

    04/29/2015 1:24:13 PM PDT · by NRx · 13 replies
    The Perth Mint (blog) ^ | 04-29-2015 | Bron Suchecki
    The Permanent Portfolio is an investment strategy developed by Harry Browne in the 1970s that advocates splitting your money equally across four assets Ė cash, gold, equities and bonds Ė and rebalancing back to that split whenever they diverge too much. Mainstream financial planners would probably balk at a 5% allocation to gold, let alone 25%, but how does such a strategy perform in reality and could you get your financial planner to consider it?
  • Clinton run for presidency swept up in Haitian gold mining permit affair

    03/09/2015 2:22:44 PM PDT · by SeekAndFind · 15 replies
    MINING.COM ^ | 03/09/2015 | Andrew Topf
    The presidential ambitions of Hillary Rodham Clinton have become ensnared in an obscure gold-mining project in Haiti, as the Democratic favorite for the presidency begins her second run for the White House. In a story that suggests cronyism, questionable ethics and a blurring of the lines between charity and profiteering, The Daily Mail reported on Sunday that Hillary Clinton's brother, Tony Rodham, sat on the board of VCS Mining when the unlisted, Delaware-based junior was granted a permit to mine gold in Haiti following a massive earthquake on the impoverished island nation in 2010. The permit was the first to...
  • Scandals force Hillary Clinton to delay 2016 bid announcement

    03/25/2015 7:45:37 PM PDT · by E. Pluribus Unum · 21 replies
    The Washington Times ^ | 03/25/2015 | S.A. Miller
    Many of the key figures cited in a scathing inspector generalís report this week are allies of Hillary Rodham Clinton, marking the latest in a series of stumbles for the former first lady and secretary of state that likely forced her to delay her planned presidential campaign announcement.A Democratic strategist familiar with her teamís thinking said they are scrambling to limit the damage and readjust the campaign rollout schedule after the Homeland Security Departmentís inspector general revealed an apparent cronyism scandal that ensnared Mrs. Clintonís brother, Anthony Rodham, and two of her political confidants, Virginia Gov. Terry McAuliffe and former...
  • Gold Mine: Hillary Clintonís Brother Granted Super-Rare Mining Permit from Haiti After State Dept.

    03/05/2015 12:48:07 PM PST · by ColdOne · 69 replies
    breitbart.com ^ | 3/5/15 | Alexander Marlow
    Full title.....Gold Mine: Hillary Clintonís Brother Granted Super-Rare Mining Permit from Haiti After State Dept. Sent Country Billions Hillary Rodham Clintonís brother, Tony Rodham, sat on the board of a self-described mining company that in 2012 received one of only two ďgold exploitation permitsĒ from the Haitian governmentóthe first issued in over 50 years. The tiny North Carolina company, VCS Mining, also included on its board Bill Clintonís co-chair of the Interim Haiti Recovery Commission (IHRC), former Haitian Prime Minister Jean-Max Bellerive. The Rodham gold mine revelation is just one of dozens featured in a forthcoming bombshell investigative book by...
  • UPDATE on BREAKING NEWS: OREGON GOLD MINING STAND OFF WITH BLMÖ.NEXT BUNDY RANCH

    04/14/2015 4:00:02 PM PDT · by Whenifhow · 64 replies
    Agenda 21 Radio ^ | April 11 2015 | PAUL PRESTON
    BLM issued a cease and desist order without a court order and without 'Coordination Authorization'....with local authorities. Federal officials acting lawlessly. Possible federal land grab to seize gold rich property on behalf of Chinese government. snip Galice Mining District, JOSEPHINE COUNTY, OREGON-The next Bundy Ranch incident is developing in Josephine County, Oregon. The BLM has served notice to gold miners that they have until April 25, 2015 to stop gold miningÖ.Oath Keepers are on siteÖMilitia on the way. BLM DID NOT seek ĎCoordination Authorizationí with the local communityÖ.Sheriff Dave Daniel is NOT considered to be a Consitutional Sheriff. Josephine County...
  • Futures Tumble As Yemen War Starts; Oil, Gold Surges

    03/26/2015 4:23:04 AM PDT · by sheikdetailfeather · 5 replies
    Zero Hedge ^ | 3-26-2015 | Tyler Durden
    In a somewhat surprising turn of events, this morning's futures reaction to last night's shocking start of a completely unexpected Yemen proxy war, which has seen an alliance of Gulf State launch an air, and soon land, war against Yemen's Houthi rebels, is what one would expect: down, and down big. This is surprising, because on previous occasions one would expect the NY Fed, or its pet hedge fund, Citadel, or the BOJ or ECB (via the CME's "Central Bank Incentive Program") to aggressively buy ES to prevent a slide, something has changed, and for the BTFDers, that something may...
  • Copper Just Spiked (Dr Copper)

    03/23/2015 3:01:04 PM PDT · by blam · 11 replies
    BI ^ | 3-23-2015 | Akin Oyedele
    Akin Oyedele March 23, 2015 Copper just spiked. Copper futures by more than 5% rose to as much as $2.1945 a pound after the closing bell on Monday. That's the highest its been all year. There was no immediate news related to the rapid increase. Prices had been sliding, as China's economic woes meant that it was in less demand for construction. (snip)
  • Irish Finance Minister Dumps Stocks - Buys Gold

    03/17/2015 8:27:58 AM PDT · by Yosemitest · 16 replies
    (Excerpt) The Minister for Finance in Ireland, Michael Noonan, sold his shares in funds that track European and US stocks and diversified his portfolio including allocating some of his personal wealth into a gold exchange traded fund (ETF) in 2014. Noonan sold out of his positions in the Lyxor Eurostoxx 50 ETF and SPDR DJIA ETF in 2014 and opted to invest in the SPDR gold shares ETF and Portuguese government bonds. He maintained his holdings in SPDR KBW Banks ETF, Ishares FTSE 100 ETF, Market Vectors Agri Business ETF, ETFS Agricultural Commodities ETF. ... Noonan is believed to...
  • Cramer: The gigantic oil crash that hasn't occurred

    03/13/2015 6:43:03 AM PDT · by thackney · 11 replies
    msn ^ | Jim Cramer
    We keep waiting for the bust, the gigantic rollover of oil companies that just plain collapse under their own weight and the $50 price that you get for West Texas Intermediate. It hasn't happened. We keep waiting for the junk bond market that is riddled with $200 billion in oil and gas paper to be crushed by defaults and restructurings. It hasn't been. In fact, the iShares iBoxx $ High Yield Corporate Bd, the high-yield exchange-traded fund that includes a lot of this suspect paper, is pretty much unchanged for the last three years and has enjoyed a sustained rally...
  • Gold futures settle higher despite dollar rally

    03/13/2015 12:21:57 PM PDT · by Mariner · 15 replies
    Reuters ^ | March 13th, 2015 | Unattributed
    Gold pared early gains on Friday, on track to break a nine-day streak lower despite the dollar's extended rally as the precious metal market appeared reluctant to extend losses ahead of the U.S. Federal Reserve meeting next week. Spot gold traded above $1,154 an ounce in technically oversold territory on the 14-day relative strength index at 25.6.
  • Gold's Obituary... Phase 2 Now Underway

    03/10/2015 5:45:25 PM PDT · by blam · 16 replies
    TMO ^ | 3-10-2015 | David Petch
    March 2015 David Petch This article is an update of Goldís Obituary published back at the end of October 2014. Nothing has changed since that forecast, except the passage of time to arrive at where we are today. Analysis will cover a few currencies and different markets, which should provide a flavour of where things are heading over the next 6-8 months. As a hint, being long commodities as a whole is not recommended in the slightest. I was going to start things off with the Canadian Dollar which should find support no sooner than 72 cents, but since it...
  • Australian man finds gold nugget worth $100,000

    03/10/2015 2:03:18 AM PDT · by dennisw · 16 replies
    Sydney - A prospector in Australia found a gold nugget weighing 2.7kgs, and worth a whopping US$103 400, a Melbourne-based newspaper reported Tuesday. Mick Brown was scanning an area in Wedderburn, Victoria with a metal detector when he made the find several weeks ago, The Age said. He dubbed it "Fair Dinkum." The nugget is estimated to be worth 135,000 Australian dollars (approximately US$103 400). Brown told the newspaper he thought he was facing a "big molten blob of copper" when his metal detector went off. But a few centimetres below the surface parts of the nugget were visible. "I...
  • Apple Gold

    03/07/2015 10:13:54 PM PST · by Swordmaker · 14 replies
    Leancrew All This ^ | March 7, 2015 | Dr. Drang
    @marco_org Apple has a patent that can reduce the gold content of their 18k gold by half. veg.gy/ZhMF2‚ÄĒ Sumocat (@SumocatS) Mar 6 2015 1:58 PM It‚Äôs inartfully put (140 characters is a bitch), but as a practical matter he‚Äôs correct. Apple‚Äôs patent application is for a method that allows them to make 18k gold that has, on a volume basis, less gold than regular 18k gold. How can this be? It‚Äôs because Apple‚Äôs gold is a metal matrix composite, not a standard alloy. Instead of mixing the gold with silver, copper, or other metals to make it harder, Apple is...
  • Bangladesh seizes gold from North Korean diplomat ( 27kg,59lb!)

    03/08/2015 6:54:24 AM PDT · by dynachrome · 13 replies
    BBC ^ | 3-6-15 | BBC
    Customs officials in Bangladesh have seized gold worth around $1.7m (£1.1m) from the hand luggage of a North Korean diplomat. Son Young-nam, first secretary at the North Korean embassy in Dhaka, landed in the city on a flight from Singapore on Thursday night. His baggage was searched and almost 27kg (59lb) of gold bars and ornaments were recovered. Authorities in Bangladesh say they plan to pursue charges against him. Mr Son initially refused to allow customs officers and police to examine his luggage.
  • US arrests man 'with uranium for Iran in shoes'

    08/24/2013 10:14:21 AM PDT · by NormsRevenge · 35 replies
    Yahoo! News ^ | 8/24/13 | AFP
    A man was arrested in New York City's international airport with uranium destined for Iran hidden in the soles of his shoes, the US Justice Department said. Patrick Campbell, 33, who was arrested Wednesday as he arrived at the John F Kennedy airport from Paris, is accused of trying to act as an intermediary to sell Iran 1,000 tons of purified uranium, in violation of US law. The Sierra Leone-based Campbell had been under surveillance since May 2012, when he responded to an ad on the site Alibaba.com by someone looking to buy uranium 308, or yellow cake. The buyer...
  • $4.8M in gold bars stolen in armored truck heist on highway

    03/02/2015 8:51:09 PM PST · by Redcitizen · 51 replies
    AP ^ | 03-02-2015 | By MICHAEL BIESECKER
    RALEIGH, N.C. (AP) ó Shortly after dusk along a lonely stretch of Interstate 95, armed robbers hijacked an armored truck, tied up the two guards and disappeared into the night with 275 pounds of gold bars.
  • $4 Million in Gold Stolen From Massachusetts-Bound Armored Car

    03/02/2015 12:07:41 PM PST · by RightGeek · 55 replies
    RALEIGH, N.C. (AP) ó Armed robbers stole $4 million in gold on Sunday from a truck traveling north along Interstate 95 from Florida to Massachusetts, authorities said Monday. The two security guards working for Transvalue Inc. of Miami reported pulling off to the side of the interstate about 6 p.m. Sunday after their vehicle began having mechanical problems in Wilson County, the sheriffís office said. [snip] They were then approached by three armed men driving a white van who ordered the guards to lie on the ground, tied their hands behind their backs and then marched them into nearby woods....
  • Rand Paul Draws Liberal Fire As The Left Discovers Its Inner Love Of The Fed

    02/24/2015 11:57:45 AM PST · by Kaslin · 20 replies
    Townhall.com ^ | February 24, 2015 | Ralph Benko
    The New Republic, in its February 8th issue, carries an article by Danny Vinik entitled Rand Paul Has the Most Dangerous Economic Views of Any 2016 Candidate. It appears that TNR¬ís fact checkers decamped along with its top journalists. Vinik: Speaking in front of more than 150 Iowa activists, Paul ripped into the Federal Reserve and promoted his ¬ďAudit the Fed¬Ē bill, which he introduced earlier this week. ¬ďI think there needs to be some sunshine,¬Ē he said, according to reports of the event. ‚ĶPaul¬ís bill ‚Ķwould significantly damage the Fed¬ís independence, which exists so that politicians cannot influence the...
  • Gold Is the Worst Investment in History

    02/24/2015 12:07:38 PM PST · by C19fan · 57 replies
    Daily Finance ^ | February 5, 2015 | Brian Lund
    Nobody wants to be the bearer of bad news. Nobody wants to crush people's dreams. But in the world of investing, cold, hard facts, not dreams, are what make you money. And the fact of the matter is, historically speaking, buying gold is the worst possible investment you can make. I am very sensitive to the fact that what I just said has probably caused some readers to go apoplectic, and for that I apologize. I know that I will never convince the gold bugs, inflation hawks or doomsday preppers of this thesis, nor my own personal position that gold...
  • Big Banks Face Scrutiny Over Pricing of Metals

    02/23/2015 7:13:49 PM PST · by Theoria · 7 replies
    WSJ ^ | 23 Feb 2015 | Jean Eaglesham and Christopher M. Matthews
    U.S. Justice Department investigates price-setting process for gold, silver, platinum and palladium U.S. officials are investigating at least 10 major banks for possible rigging of precious-metals markets, even though European regulators dropped a similar probe after finding no evidence of wrongdoing, according to people close to the inquiries. Prosecutors in the Justice Departmentís antitrust division are scrutinizing the price-setting process for gold, silver, platinum and palladium in London, while the Commodity Futures Trading Commission has opened a civil investigation, these people said. The agencies have made initial requests for information, including a subpoena from the CFTC to HSBC Holdings PLC...
  • Israel unveils its largest find of medieval gold coins

    02/22/2015 8:07:05 AM PST · by Red Badger · 2 replies
    Phys.Org ^ | 02-18--2015 | by By Ariel Schalit
    Kobi Sharvit of The Israel Antiquities Authority Fatimid period gold coins that were found in the seabed in the Mediterranean Sea near the port of Caesarea National Park in Caesarea, Israel, Wednesday, Feb. 18, 2015. A group of amateur Israeli divers have stumbled upon the largest collection of medieval gold coins ever found in the country, dating back to the 11th century and likely from a shipwreck in the Mediterranean Sea. (AP Photo/Ariel Schalit) Israel on Wednesday unveiled the largest collection of medieval gold coins ever found in the country, accidentally discovered by amateur divers and dating back about a...
  • Israel Discovers Huge Hoard of Ancient Gold Coins in Deep Sea Trove

    02/20/2015 10:33:53 AM PST · by T Ruth · 23 replies
    New York Observer ^ | 02/19/15 | Brianna McGurran
    A group of divers in Israel has discovered almost 2,000 ancient gold coins¬óthe largest cache in the country¬ís history¬óoff the coast of the city of Caesarea, the Israel Antiquities Authority announced Wednesday. The coins have been at the bottom of the Mediterranean Sea for about 1,000 years, said Robert Cole, a numismaticist for the Israel Antiquities Authority. * * * The majority of the coins were forged in Egypt and North Africa and have been traced to the 10th- and 11th-century Fatimid caliphs Al-Šł§ńĀkim and Al-ŠļíńĀhir. The coins are still in near-perfect condition because gold isn¬ít affected by air or...
  • US Macro Collapses To 11-Month Lows, Russia Dumps 20% Of It's U.S. Treasury Holdings And Buys Gold

    02/20/2015 3:59:57 AM PST · by alexmark1917 · 22 replies
    US Macro Collapses To 11-Month Lows, 88% Of Data Has Missed In February Despite the total and utter cognitive dissonance of talking-heads on mainstream media channels, the US economic data is not 'strong', is not 'goldilocks', is not 'decoupled', is not 'solid'. In fact, it's absolutely terrible. Bloomberg's US Macro data indicator which tracks both beats-and-misses and improvement/deterioration in data - is at 11-month lows. February alone has seen 29 data items miss expectations (from retail sales to industrial production)with only 4 data points beating expectations (including the constantly revised nonfarm payrolls data which so many hang their hat on)....
  • Gold Price $250 Forecast - Dear Harry Dent: Wanna Bet?

    02/19/2015 2:43:10 PM PST · by blam · 56 replies
    TMO ^ | 2-19-2015 | Jeff Clark
    February 18, 2015 Jeff_Clark Some of you may be aware that investment guru Harry Dent has publicly stated that gold will fall to $250-$400. He specifically predicted: Around $700/ounce is a certainty in gold by 2015 to 2016, and $250 is a possibility well down the line by 2020Ė2023. His forecast is largely based on his belief that deflation will prevail. Governments are fighting deflation. If government stimulus fails, we will have deflation, not inflation. (snip) As a gold analyst whoís spent every day of the last seven-plus years watching this market, I canít let this pass. Iím sure gold...
  • Largest trove of gold coins in Israel unearthed from ancient harbor

    02/17/2015 4:08:49 PM PST · by SJackson · 29 replies
    ∑FoxNews.com ^ | February 17, 2015
    A group of divers in Israel has stumbled upon the largest hoard of gold coins ever discovered in the country. The divers reported the find to the Israel Antiquities Authority, and nearly 2,000 coins dating back to the Fatimid period, or the eleventh century, were salvaged by the authorityís Marine Archaeology Unit. The find was unearthed from the seabed of the ancient harbor in Caesarea National Park, according to a press release from the Israel Antiquities Authority. ďThe discovery of such a large hoard of coins that had such tremendous economic power in antiquity raises several possibilities regarding its presence...
  • What the hell is this American plane owned by the Bank of Utah doing in IRAN?

    04/18/2014 10:10:47 AM PDT · by mandaladon · 29 replies
    The Daily Caller ^ | 18 Apr 2014 | Eric Owens
    On Tuesday morning, a plane owned in trust by the Bank of Utah showed up in a very visible area of the Mehrabad Airport in Tehran, the capital of the Islamic Republic of Iran. What was it doing there exactly? Nobody knows, reports The New York Times. Under President Barack Obama, the United States has eased some of the long-standing punitive economic sanctions against Iran. Still, very little American ó or European ó economic activity is allowed inside the religious theocracy. The Bank of Utah is certainly no Wells Fargo. The Ogden-based community bank has all of 13 branches including...
  • From Magi to Wise Men Ė A Homily for Epiphany

    01/04/2015 7:12:04 AM PST · by Salvation · 9 replies
    Archdiocese of Washington ^ | 01-03-14 | Msgr. Charles Pope
    Archdiocese of Washington From Magi to Wise Men ¬Ė A Homily for Epiphany By: Msgr. Charles PopeThere are so many wonderful details in the Epiphany story: the call of the Gentiles, the nations, and their enthusiastic response, the significance of the star they see, and the gifts they bring, the dramatic interaction with Herod and their ultimate rejection of him in favor Christ.In this meditation I would like especially to follow these Magi, in their journey of faith to become wise men. As Magi, they followed the faint stars, distant points of light; as Wise Men they follow Jesus who...
  • A System Reset Is Imminent...

    02/08/2015 4:40:35 AM PST · by alexmark1917 · 15 replies
    This is not the first time the gold standard has been seen as the ultimate cure for Russiaís economic problems. In September 1998, the noted economist Jude Wanninski predicted in a far-sighted essay for The Wall Street Journal that only a gold ruble would get the the country out of its then-debt crises. It was upon taking office about two years later, in May 2000, that President Putin embarked upon the countryís massive gold-buying campaign. At the time, it took twenty-eight barrels of crude just to buy an ounce of gold. The gold-backed ruble policy of those years was adopted...
  • Chinese farmer finds 7.85kg gold nugget worth $250,000 on the ground

    A herdsman in Chinaís remote far west has struck gold after stumbling upon a huge nugget of the precious metal estimated to be worth at least $250,000, state media reported Thursday. The 7.85 kilo chunk was discovered ďpractically lying on bare groundĒ, the official Xinhua news agency said, quoting the herder, an ethnic Kazakh named Berek Sawut. He found the golden lump, described in the report as ďrandom-shapedĒ and about 23 centimetres long, 18 centimetres at its widest and up to eight centimetres thick. It was estimated to be worth 1.6m yuan ($255,000), Xinhua said, assuming it was 80 percent...
  • Gold Falls as Haven Demand Squelched by Greek Plans

    02/03/2015 3:34:57 PM PST · by SunkenCiv · 4 replies
    WSJ ^ | Updated Feb. 3, 2015 | Ira Iosebashvili
    Gold prices fell Tuesday, as hopes for an imminent resolution between the new Greek government and its creditors tempered demand for the safe-haven metal. Gold for April delivery, the most actively traded contract, closed down $16.60, or 1.3%, at $1,260.30 a troy ounce on the Comex division of the New York Mercantile Exchange. A Greek official said Tuesday that Athens was working on a "road plan" to lessen the burden of his country's hefty debt pile, and he hoped to have an agreement with Greece's creditors by the beginning of June. The comments led some traders to sell gold, which...
  • The Puppetmasters Behind the Military Action in Libya ( Soros - Who else? )

    04/01/2011 12:02:31 PM PDT · by Halfmanhalfamazing · 20 replies · 1+ views
    The New American ^ | March 25th | Raven Clabough
    President Obamaís actions in Libya were already suspicious for a number of reasons. First, during Obamaís presidential campaign, he asserted that his priority was to get America out of the two wars it was already fighting. Second, Obama was a staunch critic of the Bush administration for unconstitutionally embarking on a war without congressional approval ó an action of which President Obama is now guilty. Finally, as the economy is teetering on collapse, one would assume the last thing the President would want is to have to fund a third war. And yet here we are. However, once we delve...
  • When FDR made gold illegal to own for everyday people Ė At the point of a gun

    01/31/2015 5:10:04 AM PST · by george76 · 82 replies
    Townhall ^ | Jan 31, 2015 | Nick Sorrentino
    FDR, the man who studied Mussolini, who birthed the current intrusive state, who started the drug war in earnest, who put Japanese Americans into concentration camps, who extended the Depression years longer than it needed to be and thereby contributed to the genesis of the Second World War, who tried to pack the Supreme Court, who gave away half of Europe to the Soviets at Yalta, and who confiscated the gold Ė the real wealth Ė of the American people. What a guy. And he still has his face on the dime. There is a reason why my grandmother, a...
  • This Is What Gold Does In A Currency Crisis, Euro Edition

    01/23/2015 1:19:26 PM PST · by blam · 18 replies
    Zero Hedge ^ | 1-23-2015 | Tyler Durden
    Tyler Durden 01/23/2015 Submitted by John Rubino via Dollar Collapse blog Yesterday the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone citizens have also responded predictably, by converting their unbacked, make-believe, soon-to-be-worth-a-lot-less paper money into something tangible. Theyíre bidding gold up dramatically.(snip)
  • Poachers Use Cyanide to Massacre Over 300 Elephants in Zimbabwe

    10/21/2013 7:05:53 PM PDT · by DogByte6RER · 31 replies
    The Telegraph ^ | 20 Oct 2013 | Peta Thornycroft, and Aislinn Laing
    Poachers kill 300 Zimbabwe elephants with cyanide ē Cyanide has been used to kill 300 elephants in Zimbabwe's biggest nature reserve - three times the original estimate - as new photos show the scale of the slaughter Poachers in Zimbabwe have killed more than 300 elephants and countless other safari animals by cyanide poisoning, The Telegraph has learned. The full extent of the devastation wreaked in Hwange, the country's largest national park, has been revealed by legitimate hunters who discovered what conservationists say is the worst single massacre in southern Africa for 25 years. Pictures taken by the hunters, which...
  • Obama Donor Helped Free Terrorist Behind Benghazi Attack

    01/08/2014 8:56:42 PM PST · by smoothsailing · 28 replies
    Frontpage Mag ^ | 1-8-2014 | Daniel Greenfield
    Obama Donor Helped Free Terrorist Behind Benghazi Attack January 8, 2014 by Daniel Greenfield The left is rushing to blame Bush for the Benghazi attack, now that the State Department is moving to name a former Gitmo detainee released by Bush as a key figure in the attack. But Gitmo detainees were released as part of a pressure and lawfare campaign by the radical pro-terrorist left. Including Obama’s backers. The left-wing organization that helped spring Qumu was the Center for Constitutional Rights. Last April, the group issued an indignant press release painting Qumu as a harmless victim and blasting those...
  • Germany repatriates more gold: Bundesbank

    01/20/2015 12:01:25 AM PST · by Olog-hai · 8 replies
    The German central bank, or Bundesbank, said Monday that it stepped up the repatriation of its gold reserves from overseas storage last year. ďThe Bundesbank successfully continued and further stepped up its transfers of gold,Ē the central bank said in a statement. ďIn 2014, 120 tonnes of gold were transferred to Frankfurt from storage locations abroad: 35 tonnes from Paris and 85 tonnes from New York.Ē Germanyís gold reserves are the second-biggest in the world after those of the United States and totaled 3,384.2 tonnes this month, according to the latest data compiled by the World Gold Council. Ö
  • Gold closes at 4-month high on Swiss shock

    01/15/2015 3:17:33 PM PST · by Red in Blue PA · 7 replies
    SAN FRANCISCO (MarketWatch) ó A shocking move by the Swiss National Bank sent the dollar reeling and propelled gold to close at its highest level in four months Thursday. In mid-morning European trading hours, Switzerlandís central bank scrapped its long-standing floor against the euro, which sent the Swiss franc EURCHF, +1.76% soaring against the euro and the dollar USDCHF, +1.74% The central bank also cut its interest rate on sight deposits to a negative 0.75%. When the dollar falls, gold prices tend to push higher.
  • Gold Nanoparticles Show Promise for Early Detection of Heart Attacks (Title Truncated)

    01/15/2015 12:38:54 PM PST · by Up Yours Marxists · 2 replies
    Nanotechnology Now ^ | January 15, 2015 20:06 GMT | Not Listed
    Kurt H. Becker, a professor in the Department of Applied Physics and the Department of Mechanical and Aerospace Engineering, and WeiDong Zhu, a research associate professor in the Department of Mechanical and Aerospace Engineering, are helping develop a new colloidal gold test strip for cardiac troponin I (cTn-I) detection. The new strip uses microplasma-generated gold nanoparticles (AuNPs) and shows much higher detection sensitivity than conventional test strips. The new cTn-I test is based on the specific immune-chemical reactions between antigen and antibody on immunochromatographic test strips using AuNPs. Compared to AuNPs produced by traditional chemical methods, the surfaces of the...
  • Bitcoin price plunges, prompting concerns about Ďminingí activity

    01/14/2015 11:30:48 AM PST · by BenLurkin · 12 replies
    marketwatch.com ^ | Jan 14, 2015 12:49 p.m. ET | Michael J. Casey
    providers of its core computing infrastructure to shut down operations. The selloff, which appears to have been exacerbated when Asian traders were forced to meet collateral demands under margin trading rules, left bitcoin down 14.49% at $194.04 in the late New York morning Wednesday, following a 15.02% plunge Tuesday, according to news service Coindesk. The digital currency is now down 39% from Dec. 31 alone and is off 83% from the all-time high of $1,165 that it hit at the end of a furious rally in November 2013. ... On Monday, CEX.io, a company that mines bitcoins on behalf of...
  • Merkel ready to let Greece exit eurozone: report

    01/05/2015 12:33:17 AM PST · by Olog-hai · 26 replies
    TheLocal.de ^ | 04 Jan 2015 10:16 GMT+01:00 | (AFP)
    German Chancellor Angela Merkel is prepared to let Greece leave the eurozone if Greeks elect a government that jettisons the countryís current austerity course, according to German media reports. The report in the Der Spiegel daily, which cited sources close to the German government, comes as polls show a radical leftist party leading the field three weeks ahead of a snap election in Greece. The Syriza party of Alexis Tsipras has pledged to reverse reforms imposed by Greeceís international creditors and renegotiate its bailout deal. Ö
  • Junk Bonds Are Going To Tell Us Where The Stock Market Is Heading In 2015

    01/03/2015 6:10:31 PM PST · by SeekAndFind · 8 replies
    TEC ^ | 01/02/2015 | Michael Snyder
    Do you want to know if the stock market is going to crash next year? Just keep an eye on junk bonds. Prior to the horrific collapse of stocks in 2008, high yield debt collapsed first. And as you will see below, high yield debt is starting to crash again. The primary reason for this is the price of oil. The energy sector accounts for approximately 15 to 20 percent of the entire junk bond market, and those energy bonds are taking a tremendous beating right now. This panic in energy bonds is infecting the broader high yield debt market,...
  • New York City's harbors house 1,600 bars of silver, and 4-foot-long, wood-eating worms

    07/01/2009 6:58:24 AM PDT · by JoeProBono · 16 replies · 2,168+ views
    news.yahoo ^ | Sun Jun 28 | Chuck Shepherd Ė
    Using GPS and state-of-the-art sonar, Columbia University researchers recently made the first comprehensive map of the wonders submerged in New York City's harbors. Supplementing those findings with historical data, New York magazine reported the inventory's highlights in May: a 350-foot steamship (downed in 1920), a freight train (derailed in 1865), 1,600 bars of silver (unrecovered since 1903), a fleet of Good Humor ice cream trucks (which form a reef for aquatic life), and so many junked cars near the Brooklyn and Manhattan Bridges that divers use them as underwater navigation points. Of most concern lately, though, are the wildlife: 4-foot-long...
  • How Could Gold Bugs Have Been So Wrong In 2014?

    12/30/2014 11:33:06 AM PST · by blam · 156 replies
    TMO ^ | 12-30-2014 | John_Rubino
    December30, 2014 John_Rubino Twelve short months ago, the immediate future looked like a lock. Overvalued equities had to fall, ridiculously-low interest rates had to rise, and beaten-down precious metals had to resume their bull market. The evidence was overwhelming. Debt in the developed world had risen to $157 trillion, or 376% of GDP, by far the highest level on record and clearly unsustainable. Long-term US Treasury rates had been falling for literally three decades and despite a recent uptick were so low that the only way forward seemed to be up. Europe and Japan were drifting into recessions that could...