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Keyword: gold

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  • Here is the Email that should put Hillary in Prison: The Quest for Q's Gold [Vanity]

    05/26/2016 8:35:14 PM PDT · by Future Useless Eater · 67 replies
    Hillary's Non-secured Emails | May 26, 2016 | self
    Here is just ONE example, although its a very good example, of why Hillary should be convicted of failing to secure CONFIDENTIAL government foreign-affairs documents... This one is from Sid Blumenthal to Hillary on April 2, 2010. Clearly from the subject matter, it does not belong on any unsecured computer system. It hints at the upcoming killing by the US, France, and NATO of Mohamar Qadaffi, and it even implys WHY this has to be done: Because Qadaffi is creating a 7-billion dollar fund of gold-backed dinars, which will be the only currency allowed for middle-east oil purchases. The message...
  • Venezuela sells gold reserves as economy worsens

    05/26/2016 5:54:17 AM PDT · by C19fan · 19 replies
    CNBC ^ | May 25, 2016 | Henry Sanderson and Andres Schipani
    Venezuela’s gold reserves have plunged to their lowest level on record after it sold $1.7 billion of the precious metal in the first quarter of the year to repay debts. The country is grappling with an economic crisis that has left it struggling to feed its population.
  • Astronomers just discovered a rare dwarf galaxy that's loaded with precious elements

    05/23/2016 5:24:39 PM PDT · by LibWhacker · 37 replies
    Science Alert ^ | 5/23/16 | BEC CREW
    Scientists have been searching for the origin of some of the most precious metals on Earth - including gold, silver, and platinum - for almost six decades. And now we might finally have the answer. Heavy, and often valuable elements like these are called r-process elements, and they require an incredible amount of energy to produce. So far, no one's been able to explain how they came to exist in the Universe. But the discovery that an ancient dwarf galaxy called Reticulum II - about 98,000 light-years from Earth - has stars that contain a "whopping" amount of these metals...
  • Gold Reserve Gives Venezuela Till End of May to Pay $750 Million Expropriation Award

    05/17/2016 5:24:12 PM PDT · by ameribbean expat · 11 replies
    MIAMI -- For the second time, Venezuela has failed to pay mining company Gold Reserve the $750 million it has been awarded for Venezuela's expropriation of its gold mining operation in 2007.
  • 'King Of Clubs' Being Sheltered By Syrian Army

    05/10/2003 4:23:59 PM PDT · by blam · 28 replies · 585+ views
    The Telegraph (UK) ^ | 5-11-2003 | Damien Mcelroy
    'King of clubs' being sheltered by Syrian army By Damien Mcelroy in Damascus (Filed: 11/05/2003) The king of clubs from America's card deck of most wanted Iraqis is being sheltered at a military base in the Syrian capital Damascus, according to a Gulf diplomat. Izzat Ibrahim al-Douri, a former vice-president of Iraq and one of Saddam Hussein's closest henchmen, is said to be under the protection of Syria's Republican Guard in the decrepit military base near the airport. He is among thousands of regime figures who are believed to have slipped into Syria before Damascus sealed the border. Izzat had...
  • Libya's Central Bank Has $184 Million In Gold In Its Vault... It Just Doesn't Know The Combination

    05/15/2016 9:34:26 PM PDT · by chopperman · 20 replies
    BEYDA, Libya—Underneath a bank in this eastern coastal city, a vault holds a trove of gold and silver coins worth $184 million. It belongs to the central bank, which could use the money to alleviate a crippling cash shortage. The pile, however, presents some problems. The coins are locked away with a five-number code that central bankers in this part of the country don’t have. A rival government in Tripoli, which has effective control over the bank system, won’t hand over the digits and has expressed concern the money could fund armed militias opposed to its rule. To make things...
  • This Is The End: Venezuela Runs Out Of Money To Print New Money

    04/27/2016 5:29:50 PM PDT · by SeekAndFind · 54 replies
    Zero Hedge ^ | 04/27/2016 | Tyler Durden
    Back in February, when we commented on the unprecedented hyperinflation about the be unleashed in the Latin American country whose president just announced that he would expand the "weekend" for public workers to 5 days...... we joked that it is unclear just where the country will find all the paper banknotes it needs for all its new physical currency. After all, central-bank data shows Venezuela more than doubled the supply of 100-, 50- and 2-bolivar notes in 2015 as it doubled monetary liquidity including bank deposits. Supply has grown even as Venezuela has fewer U.S. dollars to support new...
  • Nazi gold train hunters defy sceptics and begin digging for treasures

    05/10/2016 7:06:19 PM PDT · by aMorePerfectUnion · 12 replies
    UK Telegraph ^ | 9 May 2016 | Matthew Day
    <p>Two treasure hunters who claim to have found the last resting place of a German military train believed be to laden gold are set to begin digging on the site despite widespread scepticism over their claim.</p> <p>Piotr Koper and Andreas Richter, the two treasure hunters, sparked international attention and a mini gold rush last summer when they claimed to have found the train in a secret siding beside a railway line near the southern Polish town of Walbrzych.</p>
  • Blood Money - Former Exec: US Company Paid Terrorist Group to Protect Overseas Interests

    04/16/2004 8:16:38 PM PDT · by Libloather · 2 replies · 237+ views
    ABC news ^ | 4/16/04 | Brian Ross, Rhonda Schwartz
    Blood Money Former Exec: American Company Paid Terrorist Group to Protect Overseas Interests By Brian Ross and Rhonda Schwartz April 16 — Before his company sent him overseas, Allan Laird, a former Denver-based mining executive, had never heard of Abu Sayyaf. As Laird quickly learned when he arrived in the Philippines, Abu Sayyaf is one of the world's most-feared terrorist organizations, closely connected to Osama bin Laden's al Qaeda network. Laird said he also soon discovered the company for whom he formerly worked, Echo Bay, was regularly paying Abu Sayyaf and other terror groups in the Philippines in exchange for...
  • Why Gold Bugs Need to Stop Listening to The Fear Mongers and Start Thinking for a Change

    04/29/2016 9:36:04 AM PDT · by blam · 38 replies
    The Market Oracle ^ | 4-29-2016 | Sol_Palha
    April 27, 2016 Sol_Palha We are still not convinced that Gold is fully out of the woods. Peter Schiff is busy telling everyone that it was a bad idea to have sold Gold in 2011, we beg to differ for the trend indicates otherwise, and so does the price of Gold. He is coming out with scary scenarios though they are not as grandiose as James Sinclair's scenario that calls for Gold to move to $50,000 an ounce. Even, when we dream we find it hard to envision such a price, so it is interesting that he can come up...
  • James Grant: ‘Something Is Going to Go Wrong’

    04/17/2016 3:03:53 PM PDT · by george76 · 8 replies
    Epoch Times ^ | March 9, 2016 | Valentin Schmid
    Chief editor of Grant's Interest Rate Observer debunks negative interest rates, banning cash, and helicopter money. ... Epoch Times spoke to Mr. Grant about the spotty track record of central bankers, deflation, gold and the gold standard, as well as negative interest rates and a ban on cash. A negative interest rate is not only a tax on saving, it is the destruction of saving. ... Negative interest rates are an attempt to tax thrift. The idea of earning dollar bills and putting those dollar bills in a bank and having them accumulate over time, the accumulation of which is...
  • Ted Cruz Just Reminded The Republican Establishment Why They Hate Him

    04/17/2016 1:49:27 PM PDT · by Rusty0604 · 43 replies
    Huffington Business ^ | 04/17/2016 | Ben Walsh
    The Texan senator’s gold standard policy is a terrible idea with a long history. But if you run a business, are employed by one, care about the stability of the financial system, or would prefer that the U.S. economy not be needlessly thrown into disarray — a group that seems like a pretty broad coalition of voters — Cruz’s economic policy is not OK. He told CNBC on Friday that he wants to push America back to the gold standard. This is a hare-brained policy that no other country uses and not a single surveyed economist thinks is a good...
  • Donald Trump: Gold Better Than Cash; Puts His Money Where His Mouth Is

    04/06/2016 6:01:25 PM PDT · by VitacoreVision · 42 replies
    The New American ^ | 06 April 2016 | C. Mitchell Shaw
    In a deal that defies currently accepted norms, Donald Trump has rented out the 50th floor of the Trump Building at 40 Wall Street to American Precious Metals Exchange (APMEX) and has allowed the company to pay the security deposit in gold.Trump agreed to accept three 32-ounce bars of gold in lieu of the cash security deposit. As of this writing, gold was trading at $1227.40 per ounce, making the 96 ounces of gold that Trump is holding worth $117,830.40. That should be more than sufficient to cover the security deposit for the 10-year rental.The deal is a win-win situation...
  • Precious metal price takes largest tumble in history on ‘Silver Thursday’ [March 27, 1980]

    03/27/2016 10:17:09 AM PDT · by smokingfrog · 18 replies
    Coin World ^ | 3-27-16 | Jeff Starck
    For the first few months of 1980, the silver market had been slipping as newly enacted rules began tightening their grip on the Hunt Brothers’ silver scheme. On March 27 (known as “Silver Thursday”), silver opened at $15.80 and closed at $10.80 as the Hunt Brothers reportedly initiated a massive sell-off of silver and contracts to meet their obligations. Commodities and the futures market crashed on these reports, but rallied somewhat, bringing silver to $12 an ounce within a few days. But the futures contracts owned by the Hunts were predicated on silver at $35 an ounce. What had been...
  • Central banks are already doing the unthinkable - you just don't know it

    03/20/2016 5:22:29 PM PDT · by Lorianne · 14 replies
    Telegraph (UK) ^ | 19 March 2016 | Mehreen Khan
    The lords of finance are losing their touch. Institutions which dragged the world from its worst depression since the early 20th century are finally seeing their magic desert them, if conventional wisdom is to be believed. Eight years on the from the Great Recession, voices as authoritative as the International Monetary Fund and the Bank of International Settlements - dubbed the 'central bank of central banks' - have called time on the era of extraordinary monetary policy. Having hoovered up $12.3 trillion (£8.5 trillion) in financial assets and carried out 637 interest rate cuts since 2008, central banks have been stunned...
  • Why Canada Is Dumping Its Gold and China Isn't: Stephen Mihm

    03/19/2016 1:19:15 AM PDT · by Berlin_Freeper · 29 replies
    newsmax.com ^ | 18 Mar 2016 | Stephen Mihm
    Canada, home to some of the world’s largest gold-mining companies, recently announced that it had effectively liquidated all of the country’s holdings of the shiny metal and is moving to what a government spokesperson described as “easily tradable” assets. It has been a long process. Canada held 1,088 tons of gold in 1955. By 2000, it was down to 46 tons. Today, just 77 ounces remain. This puts Canada in last place in the most up-to-date compilation of data on gold reserves compiled by an industry group, the World Gold Council. In the Council rankings, Canada is now in last...
  • That's No Bottlecap! Hiker In Israel Finds Rare Gold Coin

    03/15/2016 9:40:40 AM PDT · by BenLurkin · 11 replies
    npr ^ | Emily Harris
    Laurie Rimon spotted a gleam while on a hike in northern Israel with several friends. It turned out to be a gold coin so unusual, Israeli archaeologists say there is only one other one with the same symbols in the world. "It's extremely exciting," said Dr. Donald Ariel, an expert with the Israel Antiquities Authority, in comments released by the agency, which says the coin was struck by Roman Emperor Trajan in the year 107. "His gold coins are extremely rare." One side of the gold disc shows an image of Augustus, the founder of the Roman Empire more than...
  • Gold ETF Market Breaks: BlackRock Suspends ETF Issuance Due To "Surging Demand For Gold"

    03/04/2016 7:29:51 AM PST · by amorphous · 3 replies
    Zero Hedge ^ | 4 Mar 2016 | Tyler Durden
    BlackRock's Gold ETF (IAU) has seen fund inflows every day in 2016 (no outflows at all) and with the stock trading above its NAV for most of the year, the world's largest asset manager has made a significant decision: •*BLACKROCK SAYS ISSUANCE OF GOLD TRUST SHARES SUSPENDED• *BLACKROCK SAYS SUSPENSION DUE TO DEMAND FOR GOLD ... It appears the huge demand for physical gold (and lack of supply) is finally catching up with the manipulation of paper prices. If this is anything other than a brief technical suspension, it could well unleash panic-buying as we already pointed out - there...
  • It's Official: Canada Has Sold All Of Its Gold Reserves

    03/03/2016 10:29:50 AM PST · by blam · 56 replies
    Zero Hedge ^ | Tyler Durden
    Tyler Durden March 3, 2016One month ago, when looking at the latest Canadian official international reserves, we noticed something strange: Canada had sold nearly half of its gold reserves in one month. According to the February data, total Canadian gold reserves stood at 1.7 tonnes. That was just 0.1 per cent of the country’s total reserves, which also include foreign currency deposits and bonds. As we noted, the decision to sell came from Finance Minister Bill Morneau’s office. “Canada’s gold reserves belong to the Government of Canada, and are held under the name of the Minister of Finance,” explained a...
  • Venezuela is shipping gold to pay debt

    02/25/2016 5:44:22 PM PST · by BenLurkin · 24 replies
    krcrtv ^ | 02/25/2016 | Patrick Gillespie
    Venezuela sent $1.3 billion worth of gold bars to Switzerland in mid-January, according to data from the Swiss Federal Customs Administration. That gold was shipped out just weeks before two big debt payments due this month, totaling $2.3 billion. On Friday alone, Venezuela has to pay bondholders $1.5 billion. Venezuela is running out of cash and many experts believe there's a high chance it will default by this fall when a string of big debt payments are due. "It's a question of when Venezuela will default, not if," says Russ Dallen, managing partner at LatInvest, a firm that invests in...
  • Germany ends audits against Deutsche Bank over price fixing

    02/27/2016 5:49:13 AM PST · by Olog-hai · 2 replies
    Deutsche Welle ^ | 25.02.2016 | [mg/jr (Reuters, dpa)]
    Germany's financial regulator has said it won't take further action against the country's largest bank over alleged interest rate rigging and precious metals price fixing. The moves takes the spotlight off a former boss. The watchdog, known as Bafin, announced on Thursday it had ended several major special audits against Deutsche Bank. [...] Deutsche Bank paid $2.5 billion (2.26 billion euros) in fines in April last year after investigations on manipulating interest rates. The bank was also probed for its role in rigging prices of gold, silver, platinum and palladium. It also recorded a multibillion-euro loss for 2015. Bafin officials...
  • Anglo Saxon gold mount 'mystery' in Norfolk

    02/16/2016 9:10:41 PM PST · by SunkenCiv · 11 replies
    BBC ^ | 13 February 2016 | unattributed
    A "mystery" gold mount found in a Norfolk field has provided "another piece of the jigsaw" for historians looking for Anglo-Saxon settlements. The item was found near Fakenham and is possibly from a sword grip, but experts say it has differences to similar finds. Dr Andrew Rogerson, county archaeologist, said: "It's a fragment, but there's no context for it." No evidence of dwellings has ever been found in the village. The Portable Antiquities Scheme, which is in the process of valuing the item, said it was "similar to sword-grip mounts from the Sutton Hoo ship burial and the Staffordshire Hoard"....
  • While SecDef meets with anti-ISIS coalition, Obama’s recording Ellen and headlining 4 fundraisers

    02/11/2016 7:04:16 PM PST · by RightGeek · 23 replies
    Twitchy ^ | 2/11/2016 | Twitchy Staff
    The U.S. Secretary of Defense is in Belgium holding meetings with anti-ISIS coalition partners.With that totally under control, President Obama is doing his thing today: Mostly a fundraising day for Pres Obama in CA. Three for the DNC and one for the @dscc.ALso tapes appearance today on @TheEllenShow.— Mark Knoller (@markknoller) February 11, 2016 Today's Dem fundraisers are the first for Pres Obama in 2016. He did 35 fundraisers last year and 459 fundraisers since taking office.— Mark Knoller (@markknoller) February 11, 2016 The @dscc fundraiser is closed to press coverage, the 3 DNC events are pen & pad only,...
  • Why Gold Has Been on a Tear in 2016 [UP 15% SINCE JAN. 1]

    02/11/2016 2:18:03 AM PST · by expat_panama · 44 replies
    Fortune ^ | February 9, 2016 | Aaron Task
    The stock market is having a horrible time so far in 2016, with the S&P 500 down more than 9%. Gold, on the other hand, is up nearly 10% year-to-date and hit a four-month high of just under $1200 per ounce on Monday before dipping 0.7% Tuesday to $1189.30. It's a bit of a cliche to say that people turn to gold in times of uncertainty: Sometimes that works, sometimes it doesn't. Gold did phenomenally well from 2000-2011 but really suffered after hitting nearly $2000 per ounce in 2011. From 2011 to 2015, the yellow metal pretty much fell in...
  • China is on a massive gold buying spree

    02/10/2016 6:35:37 PM PST · by BenLurkin · 26 replies
    kspr ^ | 02/10/2016 | heather long
    China's government doesn' share exact figures, but the vast majority of gold heading into mainland China passes through Hong Kong, which does make its records public. Gold imports to China have surged over 700% since 2010, according to the latest data from Hong Kong. Exactly what China is doing with all that gold remains somewhat of a mystery. The increasingly wealthy Chinese are buying, but that doesn'txplain all the jump in demand. The government says its gold reserves have grown only a little in recent years. Experts question whether China is telling the whole truth. "hina has a lot more...
  • Why So Many Historians Agree With Ted Cruz On Gold

    02/09/2016 11:40:04 AM PST · by GodGunsGuts · 82 replies
    Forbes ^ | February 9, 2016 | Nathan Lewis
    Echoing the recent sentiments of Steve Forbes, this week Republican presidential contender Ted Cruz told a group in New Hampshire: "Money is ... a unit of measurement. So, the reason why we see these rapid oscillations in commodities markets, it's because of unstable currencies. And it's why I think we should look at going toward rules-based money supply, ideally tied to gold, so you have stability." Perhaps this will trigger another flood of disagreement in the mainstream press, such as the recent New York Times item which reported that 40 out of 40 "leading economists" said that a gold standard...
  • Hold on Ex-Im nomination keeps cronyism crimped

    02/09/2016 4:29:56 AM PST · by Cincinatus' Wife · 1 replies
    The Hill ^ | February 9, 2015 | Diane Katz
    The president has nominated attorney J. Mark McWatters for the bank board. However, Sen. Richard Shelby (R-Ala.), chairman of the Committee on Banking, Housing and Urban Affairs, has said he's "in no hurry" to hold a hearing or a vote on the nomination. Other pending confirmations take precedence, he said.The last of the 2015 lobbying reports are in, and the top corporate spender turns out to have been the Boeing Company, at $21.9 million. Not coincidentally, the aerospace giant also outranks thousands of other firms in profiting from the subsidies doled out by the Export-Import Bank. Last year, Boeing benefitted...
  • Gold Surges Back Into The Green After $1.2 Billion Morning Plunge

    02/05/2016 12:47:53 PM PST · by amorphous · 4 replies
    Zero Hedge ^ | 5 Feb 2016 | Tyler Durden
    After someone decided to dump $1.2 billion notional in gold futures this morning as the jobs data hit - sparking a $20 tumble in the precious metal - it appears stock sellers are greatly rotating to the safety of bullion (over bonds)...
  • EU representative in Israel caught smuggling gold, drugs

    02/04/2016 4:53:03 PM PST · by Olog-hai · 23 replies
    INN ^ | 2/4/2016, 4:38 PM | (Arutz Sheva Staff)
    A very unusual case of smuggling took place on Thursday, as huge quantities of gold, steroids and smart phones were found in the car of a European Union (EU) representative in Israel, as he drove into the country from Jordan. Dozens of kilograms of gold, hundreds of smartphones and a full package of steroid drugs were discovered by customs inspectors in the car as it tried to pass through the Allenby Border Crossing from Jordan, reports Channel 2. The EU diplomat was detained and later released, and his driver - an Arab resident of the northern Atarot neighborhood of Jerusalem...
  • Here's Why You Should Buy Gold Ahead Of The 2016 Election

    02/03/2016 9:10:05 AM PST · by blam · 26 replies
    BI ^ | 2-3-2016 | Jared Dillian
    Jared Dillian, Mauldin EconomicsJanuary 3, 2016 Long before I started writing for Mauldin Economics, I was a gold bull. A mega-gold bull. This started in 2005. I was making markets in ETFs at the time and—as head of the ETF desk at Lehman Brothers—I signed the firm up to be one of the early authorized participants in the SPDR Gold Shares fund (GLD). I was pretty excited. It may seem quaint now, but at the time there really wasn’t an easy way to invest in gold outside of coins or bars (high transaction costs, cumbersome) or futures (high barriers to...
  • The End Of Plan A: The Big Reset & $8000 Gold

    02/01/2016 3:14:38 PM PST · by blam · 56 replies
    Zero Hedge ^ | 2-1-2016 | Tyler Durden
    Tyler DurdenFebruary 1, 2016 Willem Middlekoop, author of The Big Reset – The War On Gold And The Financial Endgame, believes the current international monetary system has entered its last term and is up for a reset. Having predicted the collapse of the real estate market in 2006, (while Ben Bernanke didn't), Middlekoop asks (rhetorically) -can the global credit expansion 'experiment' from 2002 – 2008, which Bernanke completely underestimated, be compared to the global QE 'experiment' from 2008 – present? - the answer is worrisome. In the following must-see interview with Grant Williams, he shares his thoughts on the future...
  • Bloomberg Op-Ed Calls For An End Of Cash

    01/31/2016 10:57:04 PM PST · by MarchonDC09122009 · 173 replies
    Zerohedge.com ^ | 01/31/2016 | Tyler Durden
    So It Begins: Bloomberg Op-Ed Calls For An End Of Cash http://www.zerohedge.com/news/2016-01-31/bloomberg-op-ed-calls-end-cash So It Begins: Bloomberg Op-Ed Calls For An End Of Cash Submitted by Tyler Durden on 01/31/2016 In a moment of curious serendipity, a little over 90 minutes after we showed what a dystopian, centrally-planned, cashless society unleashed in a negative interest rate world would look like ("by forcing people and companies to convert their paper money into bank deposits, the hope is that they can be persuaded (coerced?) to spend that money rather than save it because those deposits will carry considerable costs"), and briefly after we...
  • Despite Support, No Political Will In Republican Party To Create A Gold Standard – Analysts

    01/29/2016 11:54:01 AM PST · by rightwingintelligentsia · 11 replies
    Kitco News ^ | January 29, 2016 | Neils Christensen
    Although there has been early support from some Republican candidates to put the U.S. monetary policy back on the gold standard, many analysts say there isn't the political will to make this a major issue during the 2016 election. Monday, Iowans cast their vote in the first primary election to nominate their candidate to run for President late in the year. The Republican field is fairly wide with 12 candidates on the ticket in Iowa. Of the 12 candidates, the idea of moving back to a gold standard has been supported by five;, Senator Ted Cruz, Senator Rand Paul, Dr....
  • Teflon Tony Rodham, the Clintons’ Shady Id

    05/28/2015 6:14:10 AM PDT · by maggief · 15 replies
    National Review ^ | May 28, 2015 | BRENDAN BORDELON
    Sitting in a courtroom three years ago, after skipping out on a sizable legal bill, Hillary Rodham Clinton’s youngest brother struck a reassuring tone: Don’t worry, the money is coming. “I deal through the Clinton Foundation,” Tony Rodham said, according to court transcripts uncovered by the New York Times. He gave his word that Hillary and Bill were setting him up with Haitian-government permits to build a $22 million housing development in the earthquake-stricken country. “I hound my brother-in-law, because it’s his fund that we’re going to get our money from,” Rodham explained, promising a $1 million check once the...
  • Greece Now Operating With Two Currencies

    01/17/2016 12:19:49 AM PST · by SunkenCiv · 12 replies
    Irish Examiner ^ | Friday, January 15, 2016 | Yanis Varoufakis
    Greece today (and Cyprus before it) offers a case study of how capital controls bifurcate a currency and distort business incentives... Once euro deposits are imprisoned within a national banking system, the currency essentially splits in two: Bank euros (BE) and paper, or free, euros (FE). Suddenly, an informal exchange rate between the two currencies emerges. Consider a Greek depositor keen to convert a large sum of BE into FE (say, to pay for medical expenses abroad, or to repay a company debt to a non-Greek entity). Assuming such depositors find FE holders willing to purchase their BE, a substantial...
  • This Is What Gold Does In A Currency Crisis, China Edition

    01/10/2016 12:19:29 PM PST · by blam · 47 replies
    TMO ^ | 1-10-2016 | John Rubino
    John_Rubino January 10, 2016 As China’s leaders figure out that pegging the yuan to the dollar while quintupling their debt in five years was a colossal mistake, they are, apparently, concluding that the only way out is a sudden, sharp currency devaluation. See Pressure on China central bank for bigger yuan depreciation. Chinese citizens, meanwhile, are anxiously awaiting tomorrow’s market open while mentally repeating the same three lines: Sure am glad I bought that gold last year. Wish I’d bought more gold last year. Wonder what I’ll have to pay for gold next week… Here’s what that looks like in...
  • A Disturbing Warning From UBS: "Buy Gold" Because A 30% Bear Market Is Coming

    01/06/2016 10:07:26 AM PST · by amorphous · 50 replies
    Zero Hedge ^ | 6 Jan 2016 | Tyler Durden
    As Wall Street axioms (Santa rally, January effect, as goes January etc.) are rapidly falling by the wayside at the start of 2016, following a chaotic but return-less 2015, the UBS analysts who correctly forecast last year's volatility are out with their forecast for 2016. It's simple - Sell Stocks, Buy Gold. UBS Technical Analysts Michael Riesner and Marc Muller warn the seven-year cycle in equities is rolling over.
  • On The Trail Of Dubai's Stolen Gold: A Robbed Client Breaks Silence, & A Fascinating Detail Emerges

    01/01/2016 8:29:04 PM PST · by Rockitz · 21 replies
    ZeroHedge.com ^ | 1 January 2016 | Tyler Durden
    On Christmas Day, 2015, we told our readers the fascinating tale about the Turkish-Iranian gold smuggling ring - perhaps the biggest and most brazen in history, one which lasted for years, which saw billions in gold transported out of Turkey and into Iran to allow Tehran to circumvent the western financial sanctions using gold as a medium for bater, and which was all made possible thanks to the tiny Emirate of Dubai. What made this particular instance of gold smuggling especially memorable is that it reached to the very political top in both Turkey, and Iran, and Dubai. ... Zero...
  • The History of "Gold" Is Really The History Of The Gold/Silver Complex

    12/30/2015 4:02:25 AM PST · by expat_panama · 46 replies
    Forbes ^ | Dec 26, 2015 | Nathan Lewis
    Sometimes, funny-money promoters like to dangle the idea that the "gold standard," in U.S. or world history, was a short-lived episode dating from about 1870 to 1914, a period of only forty-four years. I take a rather different viewpoint, that gold (and its adjunct, silver) was the primary basis of monetary affairs around the world for millennia, stretching up to 1971. When we look at the history of monetary arrangements, we find that gold and silver were usually used together, in what I sometimes call the "gold/silver complex." The reality was that silver and gold traded in a tight band...
  • The Mystery Of Dubai's Vaporized Gold: The Plot Thickens

    12/26/2015 4:59:15 PM PST · by Rockitz · 40 replies
    ZeroHedge.com ^ | 26 December 2015 | Tyler Durden
    Earlier this week, we told a fascinating story about an unprecedented, multi-year smuggling ring involving Turkey, Iran, and Dubai (as well as China, Russia and countless other nations) which saw corruption reaching to the very top of the political and financial establishment: from president Erdogan in Turkey, to one of Turkey's richest people, Iran-born Riza Sarraf, to Sheikh Sultan Bin Khalifa Al Nahyan, the son of the ruler of Abu Dhabi and one of the world's richest people. The smuggled object in question was gold, billions of dollars worth of gold. The focus of the story was the previously unknown...
  • Nazi gold train: 'No evidence' of discovery in Poland

    12/15/2015 6:02:00 AM PST · by McGruff · 16 replies
    BBC ^ | December 15, 2015
    There is no evidence that a Nazi train rumoured to be carrying gems and gold has been found in Poland, experts say. Researchers presenting findings about the alleged discovery in the Polish town of Walbrzych said there might be a tunnel but no train. However, one of those who claimed to have found the train said he still believed it was there.
  • The Monetary System That Made America Great Is Nonsense [GOLD STANDARD]

    12/14/2015 5:38:13 AM PST · by expat_panama · 50 replies
    Forbes ^ | Dec 10, 2015 | Nathan Lewis
    For 182 years "1789 to 1971" the United States embraced the principle of a "stable dollar,"...[snip]...people had discovered that the best way to do this, in an imperfect world, was to link the value of the currency to gold. [snip] Britain "which in the 17th century had been an economic backwater of no great significance "then became the financial capital of the world, the birthplace of the Industrial Revolution, and ruler of the greatest global empire of the era.Not bad. [snip] The New York Times, surveying the landscape of contemporary thought, told us recently that out of 40 "leading economists",...
  • IMF PREDICTS SAUDI ARABIA BANKRUPT BY 2020

    10/22/2015 1:51:03 PM PDT · by C19fan · 37 replies
    Breitbart ^ | October 22, 2015 | Chriss W. Street
    The IMF just confirmed Breitbart News’ October 5 warning that Saudi Arabia’s cash reserves are in free-fall, with a new estimate that the world’s richest kingdom may be bankrupt by 2020. Each October, the International Monetary Exchange issues its World Economic and Financial Regional Surveys. For the first time since the 1960s, the region set to suffer the worst financial agony over the next five years is the Middle East. Ground Zero for that pain is Saudi Arabia.
  • Why Blockchain is Still a Decade from Mainstream

    12/12/2015 3:27:36 AM PST · by Another Post-American · 2 replies
    CoinDesk ^ | 12/12/15 | Chris Skinner
    hris Skinner is a banking and technology and technology veteran who serves as the chairman of the Financial Services Club, a group created in 2004 to address the future of companies that serve financial markets. I’m often asked how quickly the changes I outline will take place, and my answer is between 10 and 20 years. The building of the real-time, almost free financial network on the Internet using blockchain and mobile will take about a decade at least before it becomes mainstream. "Oh," some go. "That's a way off. Can we talk about something happening sooner?" That's an interesting...
  • What is the best and least expensive way to buy gold for an investment?

    12/10/2015 5:23:44 PM PST · by Keli Kilohana · 80 replies
    Vanity | 12/10/15 | Keli
    What is the best and least expensive way to buy gold for an investment?
  • New US space mining law to spark interplanetary gold rush

    12/08/2015 11:11:12 AM PST · by simpson96 · 36 replies
    Phys.org ^ | 12/8/2015 | Luc Olinga
    Flashing some interplanetary gold bling and sipping "space water" might sound far-fetched, but both could soon be reality, thanks to a new US law that legalizes cosmic mining.In a first, President Barack Obama signed legislation at the end of November that allows commercial extraction of minerals and other materials, including water, from asteroids and the moon. That could kick off an extraterrestrial gold rush, backed by a private aeronautics industry that is growing quickly and cutting the price of commercial space flight. The US Commercial Space Launch Competitiveness Act of 2015 says that any materials American individuals or companies find...
  • 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...