Free Republic

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....

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...

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...

China is now the world’s biggest importer of Australian gold, as 77 percent were exported to China during the first quarter of 2017, according to Resources and Energy Quarterly released by Australian Government. Australia exported 57.6-metric-tons of gold to the Chinese mainland and the special administrative region of Hong Kong in the first quarter of the year, a 54.4 percent year-on-year growth compared to last year. Data shows that China’s demand for Australian gold has been increasing over the past years, reaching a new high in 2017. China’s top exporters of gold are Australia and the U.S. Hong Kong and...

Heavily-armed masked police arrested the suspects, one wearing a hood over his head, in Berlin's Neukoelln neighborhood. Another nine people are being questioned in the case. All suspects are related to one another and aged between 18 and 20, police said. The raids of 13 different buildings lasted several hours, but the gold coin was not recovered. "We assume that the coin was partially or completely sold," Carsten Pfohl of the Berlin state criminal office told reporters at a press conference. He added that police also confiscated clothes and cars to comb for traces of gold. The Canadian "Big Maple...

Colombia is making progress in salvaging the San Jose, a centuries-old Spanish ship believed to be carrying $1 billion worth of gold, silver and gems, the country's president said Wednesday. The ship, which sank in 1708, was found in 2015 by the Colombian navy and the country’s archaeology institute near the port of Cartegena. The San Jose's manifest showed it was carrying jewels and coins worth an estimated $1 billion, but analysts say the crew may have smuggled extra loot on board, National Geographic reported. “All this precious cargo was taken away from the indigenous people” of the Americas, Charles...

... As relations with the West continue to deteriorate — and the potential for crushing sanctions remains tangible — President Vladimir Putin has begun preparing to release Russia from the crushing grip of the international banking system completely, by moving to a nationalist model based and conducting transactions with allies in gold. In short, Russia has plans to abandon central banks and the dollar — if, indeed, shit hits the fan. Russia isn’t alone — the move away from the much-maligned, Western-centric international banking cartels toward a system less dependent on massive banks comprises a new plan for BRICS nations...

TEN (10) THINGS I KNOW ABOUT YOU 1) You are reading this. 2) You are human. 3) You can't say the letter ''P'' without separating your lips. 4) You just attempted to do it. 6) You are laughing at yourself. 7) You have a smile on your face and you skipped No. 5. 8) You just checked to see if there is a No. 5. 9) You laugh at this because you are a fun loving person & everyone does it too. 10) You are probably going to send this to see who else falls for it. "Do not regret...

Venezuela. Syria. Russia. Iran. Libya. Iraq. Afghanistan. Saudi Arabia. Israel. All of these countries have one thing in common. They're all a part of a global war being waged by the United States. To some, the war is one of nation building and global dominance, to others it's a life or death battle for the greater good. On the global chessboard, there are three major players. The United States, Russia and China. All of the other players are nothing more than pawns. This game has been playing out for decades, but it can only have one winner. To better understand...

1 Bitcoin equals 2251.00 U.S. dollars, and 1 ounce of Gold is 1.260.85 U.S. dollars.  https://www.google.com/search?client=opera&q=bitcoin+price&sourceid=opera&ie=UTF-8&oe=UTF-8 and http://goldprice.org/live-gold-price.html   How is that bit coin is more valuable than gold?

In a first and significant step towards the remonetization of Gold and Silver, Idaho voted tonight to remove income tax on precious metals. This is the first step in what will likely be a cascade of other states following suit. Last week we discussed here the Arizona Senate Finance and Rules Committees' calling out the Fed on Gold Taxation by considering legislation (HB 2014) officially defining gold, silver, and other precious metals as legal tender. The bill also exempts transactions in precious metals from state capital gains taxes, thus ensuring that people are not punished by the taxman for rejecting...

LONDON (AP) — British officials say they've been unable to trace the rightful heirs to a trove of gold coins found stashed inside a piano and worth a "life-changing" amount of money. The school that owns the piano and the tuner who found the gold are now in line for a windfall after a coroner investigating the find declared it treasure. But a couple who owned the piano for three decades before donating it to their local school will likely miss out. Coroner John Ellery said Thursday that, despite a thorough investigation and a public appeal for information, "we simply...

Full Title: Tank collector shocked to find £2million gold bullion hidden in the fuel compartment of his £30,000 vehicle A TANK fanatic got a new model in a £30,000 trade-in — and found more than £2million of gold bullion hidden in the fuel tank. Nick Mead, 55, discovered the five gold bars in the Russian T54/69 while restoring it to add to his collection of 150 military vehicles. He and mechanic Todd Chamberlain were filming themselves prising open the diesel tank in case they found munitions and needed to show it to bomb disposal crews. Instead, they pulled out the...

The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade. According to the South China Morning Post the new office was part of agreements made between the two neighbours "to seek stronger economic ties" since the West brought in sanctions against Russia over the Ukraine crisis and the oil-price slump hit the Russian economy. According to Dmitry Skobelkin, the deputy governor of the Central Bank of Russia, the opening...

Russia's Central Bank purchased record amounts of gold in 2016, and plans to accelerate its purchases, retaining its spot as global leader in the growth of gold reserves. That's according to a recent survey by the GFMS analysts at Thomson Reuters. Russian economists explain the thought process behind the Bank's purchases. According to GFMS analysts, Russia's Central Bank purchased 201 tons of gold in 2016, more than the central bank of any other country. The Bank made its purchases over 11 consecutive months, with purchases accelerating to an average of 36 tons per month between October and November as gold...

thread #1 here http://www.freerepublic.com/focus/f-bloggers/3537409/posts recapping from post 57 begin recap buying bulk contemporary usa silver dollars? plus bulk usa gold coin questions 3/27/2017, 10:20:27 PM · 57 of 59 SteveH to All I got some coins today, 3/27/2017 how did i do? gold (s. african krugerrands) spot $1254.80 1 oz. s.kr = $1286.12 $1286.12 @ 3 = $3858,36 silver (pre 1965 dimes) 90% $88.00 @ 13.54 XFACE = $1192.52 total purchase, gold and silver = $5049.88 right now hiding in cubbyhole at home. thinking if TSHTF, it will be very fast, no time to go to safe deposit box (?)...

Thieves broke into the German capital's Bode Museum before dawn Monday and made off with a massive 100-kilogram (221-pound) gold coin worth millions of dollars, police said. Police spokesman Stefen Petersen said thieves apparently entered through a window about 3:30 a.m. Monday, broke into a cabinet where the "Big Maple Leaf" coin was kept, and escaped with it before police arrived. A ladder was found by nearby railway tracks. The three-centimeter (1.18-inch) thick coin, with a diameter of 53 centimeters (20.9 inches), has a face value of 1 million Canadian dollars ($750,000). By weight alone, however, it would be worth...

hi, wondering what the most economical way to go is for buying bulk contemporary usa silver dollars. i got quoted a price of $20/silverdollar at a local jewelry store, quantity 100, immediate inventory. apparently a common unit of purchase is a 100 silver dollar bag. i would request the dollars be placed in plastic containers. very important: the plastic containers must not interact with the copper in the coins to produce a green patina. the reason for storage in rolls is to permit easy placement into flat style safety deposit boxes. should i go with 1, 2, 3, or more...

British officials are trying to trace the owner of a trove of gold coins worth a “life-changing” amount of money found stashed inside a piano. A coroner investigating the find on Thursday urged anyone with information to come forward.

Folks, we have a consensus here. Formidable thinkers such as Paul Krugman, Larry Summers, and David Stockman, some 370 economists including 19 Nobel Laureates, and editors at the Economist, Fortune, and Barron’s all believe that Donald Trump as president is a menace to world trade and prosperity.President Trump has talked about 35 percent tariffs on foreign goods and an array of “border taxes,” such as the tariff with Mexico he proposed last week. He intends to name China a so-called “currency manipulator” on the basis of a mere bilateral trade gap. He’s denounced the North American Free Trade Agreement (NAFTA)...