Keyword: gold

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  • $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 · 6 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...
  • Can We Believe Anything Coming From The U.S. Government?

    12/30/2014 8:00:38 AM PST · by GilGil · 29 replies
    Silverdoctors.com ^ | 12/30/2014 | The Doc
    To begin with, Russia has no need to sell gold. In fact, Russia added 150 tonnes of gold to its Central Bank holdings in August, September and October. It didnít make any sense that Russia would then turn around and sell gold. Why? Russia runs a current account surplus - LINK. It has cash on its balance sheet. Something the U.S. can only dream about, as the U.S. Government has to issue debt every hour to fund itself. The last time the U.S. sniffed a positive balance of payments was in the 1980ís. Second, Russia just got through paying down...
  • Gold Surges Above $1200 On Heavy Volume As USDJPY, Treasury Yields Tumble

    12/30/2014 7:18:57 AM PST · by blam · 16 replies
    Zero Hedge ^ | 12-30-2014 | Tyler Durden
    Tyler Durden 12/30/2014 USDJPY has tumbled overnight back below 119.50, dragging stocks (equity futures now at session lows) and Treasury yields with it. But it appears the Gold/Yen trade that is reacting most significantly as a huge volume flushes through futures markets spiking Gold back above $1200...(snip)
  • They are preparing for you

    12/27/2014 9:45:42 AM PST · by kindred · 41 replies
    conservativenewsandviews.com ^ | December 19, 2014 | Dwight Kehoe
    A wheelbarrow of money to buy a loaf of bread. This is what Obama, with his fiscal cliff plan, threatens us with. For many years now we have heard chilling tales about that elusive, powerful and manipulative entity conspiracy theorists have called ďThe New World OrderĒ. Not only have the members of this group managed for the most part to remain anonymous, but their agenda has remained mysterious and obscure. So much so that many good people have been perfectly fine with ignoring its existence or viability. Whether or not this New World Order is in lockstep with World Communism...
  • Mistrust of Banks Take Over in Russia

    12/27/2014 6:06:20 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | December 27, 2014 | Mike Shedlock
    In Russia, the overnight lending rates between banks has soared to 19%, a sign of widespread and warranted mistrust between banks, as one bank has failed. To stabilize the situation, Putin is considering bank deposit insurance up to an amount equivalent rate of about $26,000. Meanwhile, and although Russia is still burning through currency reserves, the value of the Ruble has been rising. CNN Money reports Russia Empties the Vault to Prop Up Ruble. So far this year the central bank has burned through more than $110 billion in foreign currency supplies. That's more than a quarter of what it...
  • We Live In A New World And The Saudis Are The First To Get It

    12/25/2014 1:52:04 PM PST · by SatinDoll · 38 replies
    The Automatic Earth blog ^ | Dec. 24, 2012 | Raul Ilargi Meijer
    [ Secondary blog source: Tyler Durden / The Zero Hedge / www.zerohedge.com/news/2014-12-24/we-live-new-world-and-saudis-are-first-get-it ] There are many things I donít understand these days, and some are undoubtedly due to the limits of my brain power. But at the same time some are not. Iím the kind of person who can no longer believe that anyone would get excited over a 5% American GDP growth number. Not even with any other details thrown in, just simply a print like that. Itís so completely out of left field and out of proportion that you would think by now at least a few more...
  • The Destruction Of The Middle Class Is Nearing The Final Stages

    12/24/2014 3:11:54 PM PST · by dontreadthis · 112 replies
    zerohedge.com ^ | 12/23/2014 | Tyler Durden
    The events of the past few months seem astounding when taken in all at once. The plan to destroy the U.S. dollar and the American middle class is moving at an ever increasing speed. At the recent G20 meeting the nations agreed that bank deposits would no longer be considered money. These bank deposits become the property of the banking institution and as such can be used any way the bank wants. This means that any money you deposit in a bank now is no longer yours but makes you an investor in the bank and subject to lose that...
  • Is Ruble Collapse Act of War-Paul Craig Roberts

    12/17/2014 12:58:34 PM PST · by GilGil · 48 replies
    USAWatchDog ^ | 12/17/2014 | Paul Craig Roberts
    On the teetering economy and possible economic collapse, Dr. Roberts says, ďWe know something serious is wrong. The only provision of Dodd-Frank that has any teeth is the provision that says if the big banks are going to be casinos and gamble on derivatives, they cannot do that in the depository institution where depositors have their accounts. They have to farm it out into subsidiaries. So, if the subsidiaries get into trouble, the subsidiaries have no access to depositorsí money. This is the only real reform part of Dodd-Frank. Citigroup got put into the recent spending bill, the repeal of...
  • Diamonds Rained Down During Ice Age

    07/07/2008 2:05:25 PM PDT · by decimon · 42 replies · 439+ views
    Live Science ^ | JUL 7, 2008 | Ker Than
    Diamonds and precious metals found in the eastern United States might have rained down during the last Ice Age after a comet shattered over Canada and set North America ablaze, all leading to a mass die-off of animals and humans. New chemical analyses of diamond, gold and silver found in Ohio and Indiana reveal the minerals were transported there from Canada several thousand years ago. The question is, how?
  • Yet Another #TOLDYA: Commodities Giant Ceases ALL Gold Trading

    12/19/2014 12:53:11 PM PST · by VRW Conspirator · 33 replies
    Barnhardt ^ | December 17, ARSH 2014 | Ann Barnhardt
    Yet Another #TOLDYA: Commodities Giant Ceases ALL Gold Trading There are actually TWO Barnhardt Axioms. The second Barnhardt Axiom is: Seeking and/or holding office, especially national-level office, is today, in and of itself, proof that a given person is psychologically and morally unfit to hold public office. The first, older Barnhardt Axiom is: If you canít stand in front of something and physically defend it with a firearm, then you donít own it, and probably never did. The fifth largest Commodity trading company (not a brokerage firm per se, but specializing in trading commodities in both the physical and on...
  • Landlord's Deathbed Confession Sends Siblings on Hunt for Hidden Silver

    12/17/2014 9:38:04 PM PST · by Theoria · 43 replies
    DNAinfo ^ | 10 Dec 2014 | James Fanelli
    Shortly before his death in 2007, Manhattan landlord and lawyer Edward Giaimo Jr. revealed to his two siblings a secret ó he had hidden a stash of silver and gold worth millions. While being treated for cancer at Mount Sinai Hospital, Giaimo allegedly told his brother and sister that he had stowed away a large amount of precious metals and they would need a truck to move it. The lifelong bachelor added that the metals, believed to be silver bullion and South African gold coins known as Krugerrands, were safe, but they needed to be removed from their hiding spot...
  • Traders Betting Russiaís Next Move Will Be to Sell Gold

    12/17/2014 1:49:34 PM PST · by OneLoyalAmerican · 26 replies
    Zerohedge ^ | Tyler Durden | 12/17/2014
    "Russia is at a critical juncture and given the sanctions placed upon them and the rapid decline in oil prices, they may be forced to dip into their gold reserves, if it happens it will push gold lower." That is what, according to some people Bloomberg has quoted, is in the cards.
  • Gold Roubles - This Is What Gold Does In a Currency Crisis

    12/17/2014 10:39:37 AM PST · by blam · 13 replies
    TMO ^ | 12-17-2014 | John_Rubino
    December 17, 2014 John Rubino To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn't an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about the local currency than about gold. But when currencies collapse, gold shines. Consider the above from the point of view of a typical Russian. The ruble is tanking (no need to understand why -- all fiat currencies go this way...
  • Yamana (Gold) announces signficant new discoveries at Chapada and El Penon mines

    12/16/2014 10:59:26 AM PST · by MeneMeneTekelUpharsin · 8 replies
    Yahoo Finance ^ | 16 December 2014
    TORONTO, ONTARIO--(Marketwired - Dec 15, 2014) - YAMANA GOLD INC. (YRI.TO) (AUY) ("Yamana" or "the Company") today announced a new vein discovered at El PeŮůn and the best drill intersections in the history of Chapada, immediately west of the main pit. At El PeŮůn the new north-south vein, named Ventura, is expected to lead to expansion of the mineral resource base at what appears to be high grades. The results at Chapada, from the newly discovered mineralization named Sucupira, continue to support the potential of a much larger district of mineralization, which could also significantly expand mineral resources. In both...
  • Deep Space Industries - Mining The Universe For The Future

    12/12/2014 3:44:39 PM PST · by WhiskeyX · 32 replies
    YouTube ^ | Jan 22, 2013 | Deep Space Industries
    The human race is ready to begin harvesting the resources of space both for their use in space and to increase the wealth and prosperity of the entire world. Promotional DSI Video
  • The Trillion Dollar Market: Fuel in Space from Asteroids

    12/11/2014 11:56:21 PM PST · by WhiskeyX · 1 replies
    YouTube ^ | Jun 10, 2014 | Planetary Resources
    Asteroid sourced hydrogen and oxygen will literally and figuratively fuel expansion of the space economy by providing a locally sourced fuel resource that will change how industry operates in space. While existing satellites cannot be refueled directly today, space tugs fueled by asteroids that are currently being developed, will maneuver Geostationary satellites into their assigned orbit. Thus, keeping them operating and generating revenue far beyond their current life expectancy. Water from asteroids can also be used for a plethora of other applications beyond fuels in space. It can be consumed, used as a radiation shield for humans during deep space...
  • Buba explains why US only gave Germany back 5 tonnes of gold

    12/10/2014 10:38:41 AM PST · by george76 · 75 replies
    MINING ^ | February 24, 2014 | Frik Els
    On January 16, 2013 Germany's central bank, the Bundesbank, said it will ship back home all 374 tonnes it had stored with the Banque de France in Paris, as well as 300 tonnes held in Manhattan by the US Federal Reserve, by 2020. Fast forward a year and Buba, as the Federal Bank of Germany is affectionately (or maybe not) known, has only managed to bring home a paltry 37 tonnes of gold. And a mere 5 tonnes of that came from the US, the rest from Paris. The US Fed holds 45% of the total 3,396 tonnes German gold....
  • Take bullion delivery fast

    12/10/2014 10:16:55 AM PST · by george76 · 30 replies
    Numismatic News ^ | December 8, 2014 | Pat Heller
    Criminal scams are not unique to the precious metals industry, as it is but one minor niche of the massive financial markets. However, it is the industry in which I participate. Where possible, I try to help would-be buyers of physical precious metals avoid the crooks. There are many different ways that unscrupulous dealers may try to take advantage of uninformed buyers, but today I want to focus on the problem with people purchasing and paying for merchandise, then never receiving their goods. There have been some operations that never delivered promised merchandise right from the beginning. Such crooks tend...
  • Seven Questions Gold Bears Must Answer?

    12/09/2014 9:35:03 AM PST · by blam · 17 replies
    TMO ^ | 12-9-2014 | Jeff Clark
    December 09, 2014 Jeff Clark A glance at any gold price chart reveals the severity of the bear mauling it has endured over the last three years. More alarming, even for die-hard gold investors, is that some of the fundamental drivers that would normally push gold higher, like a weak US dollar, have reversed. Throw in a correction-defying Wall Street stock market and the never-ending rain of disdain for gold from the mainstream and it may seem that thereís no reason to buy gold; the bear is here to stay. If so, then I have a question. Actually, a whole...
  • Gold Surges To October Highs, Snaps Japanese Linkages

    12/09/2014 7:38:07 AM PST · by blam · 19 replies
    Zero Hedge ^ | 12-9-2014 | Tyler Durden
    Tyler Durden 12/09/2014 Gold prices have surged this morning to their highest since October (over $1221) as leveraged hot money greatly rotates its repo-driven way out of risk assets and into Greenspan's alternative currency. However, there is a bigger problem for the biggest pairs trade that no one is discussing - apart from us - the decoupling of the long Nikkei, short gold trade as the repo market folds in on itself from the suck out of $80 billion in collateral by China... Gold back at its highest since October...(snip)
  • The Mother of all Bank Runs!

    12/08/2014 5:24:31 PM PST · by dontreadthis · 22 replies
    GoldSeek.com ^ | 8 December 2014 | Bill Holter
    Do you remember seeing old pictures of the Great Depression which depicted "lines"? There were two types, bread lines and also lines to the front doors of banks. While we don't see any bread lines today, trust me, there are bread lines in every single state, and long ones at that. Nearly 50 million people in the U.S. survive on SNAP, EBT cards or whatever they are called in your state. Can you imagine the "confidence" it would instill if each day on your way to work you saw massive lines of people waiting for breakfast? Or, when you came...
  • Gold Drain at the New York Fed: Where's It Going?

    12/07/2014 8:10:04 AM PST · by Kaslin · 75 replies
    Townhall.com ^ | December 7, 2014 | Mike Shedlock
    Nick at Sharelynx Gold, also known as Gold Charts "R" Us emailed an interesting chart last week showing gold drain at the New York Fed. Earmarked gold dropped 42 tonnes for the month of October as foreign countries repatriate their gold home. Here's a link to Earmarked Gold with a second chart that shows all Fed holdings. Gold Charts "R" Us has 1,000's of pages and over 10,000 charts on a subscription basis, but you can check out the site for free until December 14. Click on the first link at the top for a look. Where's the Gold Going?...
  • New Signs Gold And Silver Are Returning As Monetary Assets

    12/04/2014 6:41:45 PM PST · by blam · 22 replies
    TMO ^ | 12-4-2014 | Stefan Gleason
    December 04, 2014 Stefan Gleason writes: Much to the chagrin of the financial elite, gold and silver are reentering the American consciousness and starting to shake the wing nutty image of their recent past. But itís taken a global financial crisis to get the publicís attention Ė one that could wipe out our nation at almost any moment. The U.S. governmentís role in the economy is on a seemingly interminable upward trajectory. The governmentís official debt balance that just crossed the $18 trillion mark (with additional unfunded liabilities estimated at more than $100 trillion). Half the population now lives in...