Keyword: gold

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  • Yet Another #TOLDYA: Commodities Giant Ceases ALL Gold Trading

    12/19/2014 12:53:11 PM PST · by VRW Conspirator · 27 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 can’t stand in front of something and physically defend it with a firearm, then you don’t 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 — 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 Russia’s 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 Peñón and the best drill intersections in the history of Chapada, immediately west of the main pit. At El Peñón 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 there’s 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 it’s taken a global financial crisis to get the public’s attention – one that could wipe out our nation at almost any moment. The U.S. government’s role in the economy is on a seemingly interminable upward trajectory. The government’s 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...
  • Gold Turns Bullish

    12/03/2014 9:09:20 PM PST · by blam · 32 replies
    TMO ^ | 12-3-2014 | Clive_Maund
    December 03, 2014 By: Clive_Maund Yesterday was an extraordinary day in the Precious Metals markets, with a good chance that it signals the reversal from the brutal 3-year plus bear market that so many have waited so long to see. The day started with gold and silver plunging on the news that the Swiss voted against backing their currency with gold, but later in the day they rallied strongly on heavy turnover to close with giant reversal candlesticks on their charts. Regardless of the reasons for this bizarre behavior, technically this action looks very positive, and this is written with...
  • Will the US give the Dutch their gold back?

    12/02/2014 3:09:07 PM PST · by george76 · 23 replies
    CNBC ^ | 28 Nov 2014 | Matt Clinch
    As the Dutch central bank looks to repatriate some of its gold reserves back from the New York Federal Reserve, Dennis Gartman, the editor and publisher of The Gartman Letter, has questioned what reputational damage this could cause for the U.S. The Dutch central bank last week confirmed that it was shipping gold from the U.S. to the Netherlands to "spread its gold stock in a more balanced way", adding that it would have a "positive effect on public confidence". It comes after the Germans made a similar move in 2013, indicating that it would transfer 300 tons from New...
  • Steve Forbes: Why That Swiss Referendum On Gold Deserved To Fail

    12/02/2014 7:35:53 AM PST · by SeekAndFind · 10 replies
    Forbes ^ | 12/02/2014 | Steve Forbes
    SWISS VOTERS overwhelmingly rejected a so-called gold standard referendum. They were right to do so. The wording of the referendum revealed a major obstacle to any return to a genuine gold standard: ignorance of what makes such a system work. The proposition was actually focused on the levels of Switzerland’s gold reserves, not on an actual return to a gold standard. But it was seen as a step in that direction. The purpose of a gold standard is to keep a currency stable in value. Other currencies not on a gold standard may go up or down vis-à-vis the gold-linked...
  • GOLD! (Exploding Higher $1219 Oz)

    12/01/2014 10:59:53 AM PST · by blam · 17 replies
    BI ^ | 12-1-2014 | Myles Udland
    Myles Udland December 1, 2014 Gold is exploding higher. In afternoon trade on Monday, gold futures were up better than 3.5% in the last 24 hours to around $1,215 an ounce, moving back above $1,200 for the first time in more than a week. The spike in gold reverses a plunge in gold late last week that was continued on Sunday night as the futures market re-opened after voters in Switzerland rejected a measure that would have required the Swiss National Bank to increase its gold holdings from 8% to 20%. Oil, which also got crushed last week, is also...
  • Gold Surges Over $50 Off Overnight Lows; Commodities Bouncing As Dollar Weakens

    12/01/2014 7:05:44 AM PST · by blam · 12 replies
    Zero Hedge ^ | 12-1-2014 | Tyler Durden
    Tyler Durden 12/01/2014After last night's big flush across commodities, they have rallied notably. Gold is now up over $50 from those lows, with Silver, copper, and even crude bouncing hard (after testing below $64 overnight). The USD is notably weaker, stocks lower, and bond yields testing mid-October flash-crash Bullard lows...(snip)
  • GOLD IS GETTING SMOKED ($1150 Oz)

    11/30/2014 5:02:41 PM PST · by blam · 100 replies
    BI ^ | 11-30-2014 | Myles Udland
    Myles Udland November 30, 2014 On Sunday night, gold was down more than 4% to as low as $1,143 an ounce after voters in Switzerland on Sunday rejected a measure that would have required the Swiss National Bank to increase its gold reserves from 8% to 20% of its holdings. The vote failed by a margin of 78%-22%. In addition the drop in gold, crude oil prices are resuming their tumble, and the price of other precious metals — silver and platinum — were also down sharply. Silver futures were down 12% early Sunday night and platinum futures were down...
  • Swiss Voters Reject Increasing Gold Reserves In Referendum

    11/30/2014 4:24:52 PM PST · by grumpygresh · 7 replies
    Forbes ^ | 11/30/14 | Hartley, Jon
    In today’s Swiss gold referendum, roughly 78% voted against expanding central bank gold reserves to 20% of central bank assets from the current 7%, according to Swiss national broadcaster SRF. The vote is a blow to the movement to “Save Our Swiss Gold” that had the hopes of moving Switzerland back toward a gold standard which the country left in 1999.
  • Voters reject plan to force Switzerland to stockpile gold

    11/30/2014 4:12:36 PM PST · by SeekAndFind · 4 replies
    The Telegraph ^ | 11/30/2014 | James Titcomb
    Swiss voters have overwhelmingly rejected a plan to force the Swiss National Bank to buy thousands of tonnes of gold, giving the SNB breathing space as it attempts to protect the franc against a quantitative easing blitz from the European Central Bank. Switzerland's government said on Sunday afternoon that 77pc of voters in Sunday’s referendum rejected proposals to make the central bank hold 20pc of its assets in the precious metal. This result was a blow to a right-wing Swiss People’s Party, which launched the “Save Our Swiss Gold” campaign in a reactionary backlash against the SNB accumulating hundreds of...
  • Gold mining industry mostly ‘under water’ – Gold Fields CEO

    11/29/2014 2:48:30 PM PST · by OneLoyalAmerican · 38 replies
    SRSrocco Report ^ | November 20, 2014 | Kevin Crowley
    Gold miners’ costs are mostly higher than current spot prices, increasing the likelihood of writedowns next year, according to Nick Holland, chief executive officer of Gold Fields Ltd. Across the industry, costs are about $1,300 an ounce including debt repayments, Holland said by phone from Johannesburg today, citing analysts’ research. Gold dropped 0.1 percent to $1,182 an ounce, bringing the decline since the beginning of 2013 to 29 percent. “The industry by and large is under water,” Holland said. “I would expect further writedowns. Production I think will be curtailed but it will take some time to filter through the...
  • Vanity: Why not sell the US oil reserve and use the proceeds to buy gold for Ft Knox.

    11/29/2014 2:43:52 PM PST · by ckilmer · 96 replies
    11/29/2014 | Charles Kilmer
    An interesting way to harden the US dollar and make it less of a fiat currency would be to sell the US oil reserve and use the proceeds to buy gold to store in Ft Knox or elsewhere. For those who know their dollar and oil reserve history--this is 180 reversal of policies set in the 1970's because of a 180 reversal of circumstances. In the 1970's US oil production peaked and went into decline while the US dollar went off the gold standard and went into decline. What's different now? 1.)Fracking has shown that the USA now has 100...
  • The Swiss Gold Vote Coming This Weekend, Could Change Economics Globally

    11/29/2014 1:07:15 PM PST · by TurboZamboni · 41 replies
    Inquisitr ^ | 11-28-14 | Inquisitr
    On Sunday, the people of Switzerland will go to the voting booth to decide their nation’s economic future. The “Swiss gold vote,” as it’s being called, would require that the nation put its currency back onto a gold standard, which would require the Swiss central bank to buy large amounts of gold from the global market in order to put their currency on a gold-based standard. The Swiss gold vote will have historic implications whether the citizens of Switzerland vote yes or no this weekend. This referendum is a measure that sets requirements for the Swiss National Bank (SNB) with...
  • Federal Reserve Confirms Biggest Foreign Gold Withdrawal In Over Ten Years

    11/29/2014 11:42:43 AM PST · by blam · 45 replies
    Zero Hedge ^ | 11-29-2014 | Tyler Durden
    Tyler Durden11/29/2014 A week ago, when we reported that in a stunning move, the "Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed", and when looking at the NY Fed's monthly reports of gold deposits by foreign entities, we observed that "we can see that while the 5 tons outflow in 2013 was most likely Germany, the recent surge in gold repatriation from Liberty 33 was the Netherlands. That said, only 77.5 tons of NY deposits gold has been officially repatriated through September, which means the October update, when it comes out, will be a...
  • Backers of Alaska gold mine win court battle with EPA

    11/26/2014 8:54:14 AM PST · by jazusamo · 49 replies
    Fox News ^ | November 26, 2014
    On-again, off-again plans for the world's largest gold and copper mine could be back on again, after a federal judge in Alaska issued a preliminary injunction blocking the Environmental Protection Agency from its ongoing efforts to bury the project. Pebble Partnership, the Canadian company behind the project, which would take place near Anchorage, claims the regulatory agency has conspired illegally with opponents of the mine to devise scientific and environmental justifications for blocking it. Salmon fishermen in Washington state and Alaska, Native American groups and environmental organizations have opposed the massive project for several years, and had appeared to have...
  • The Clock is Ticking in Switzerland

    11/25/2014 2:01:24 PM PST · by SeekAndFind · 9 replies
    Townhall ^ | 11/25/2014 | Peter Schiff
    For most of my career in international investing, I had always placed a great deal of faith in Switzerland's financial markets. In recent years, however, as the Swiss government has sought to hitch its wagon to the flailing euro currency and kowtow increasingly to U.S.-based financial requirements, this faith has been shaken. But this week (November 30th) a referendum in Switzerland on whether its central bank will be required to hold at least 20% of its reserves in gold, will offer ordinary Swiss citizens a rare opportunity to reclaim their country's strong economic heritage. It's a vote that few outside...
  • Canadian scientists using ancient coins to map trading routes

    12/09/2010 4:14:21 AM PST · by SunkenCiv · 10 replies
    Montreal Gazette ^ | December 7, 2010 | Randy Boswell
    Canadian scientists probing the metal content of coins exchanged thousands of years ago in Mediterranean Europe have discovered a new way to map ancient trade patterns, to retrace economic ups and downs at the dawn of Western Civilization and even to shed new light on the collapse of the Roman Empire. Researchers at McMaster University in Hamilton have launched a research project in which nuclear radiation is used to identify changes in metal content among ancient Greek and Roman coins held in a world-class collection amassed at the university since the 1940s... A joint project between the university's classics department...
  • The Dutch Government Knows Something

    11/22/2014 7:51:19 AM PST · by alexmark1917 · 12 replies
    I found it very suspect that our King plus a huge trade delegation visited Japan a day before Bank of Japan Governor Haruhiko Kuroda announced the new extreme surprise round of stimulus. Gold Repatriation Stunner: Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed http://www.zerohedge.com/news/2014-11-21/gold-repatriation-stunner-dutch-central-bank-secretly-withdrew-122-tons-gold-new-yor Need Tips on Sticking to your Trade Plan? Global Consequences The impact of the Dutch gold repatriation can be huge. First of all, because it underlines more and more countries are getting nervous about their gold reserves stored in the US. Venezuela repatriated most of its reserves from abroad in...
  • The Secret Advantage Gold/Silver Owners Have Over Everyone

    11/20/2014 6:40:09 PM PST · by blam · 41 replies
    TMO ^ | 11-20-2014 | Guy Christopher
    Nov 20, 2014Guy Christopher Guy Christopher writes: A lot of folks took advantage of recently falling gold and silver prices to beef up their precious metals holdings. Those adding to their portfolios understood the old adage of buying low and selling high. Unfortunately, others wait until dollar values of gold and silver have zoomed before deciding to convert their paper money. Still, most make buying decisions for their own good reasons. They either have the confidence of their convictions, or they have good questions still unanswered. One of the frequent questions we get at Money Metals Exchange is a good...
  • Congressman Seeks to End Program He Calls ‘More Dangerous’ Than IRS Scandal

    11/20/2014 9:08:15 AM PST · by PapaNew · 9 replies
    The Daily Signal/The Heritage Foundation ^ | November 19, 2014 | Kelsey Harkness
    Calling a secretive government operation to strangle politically out-of-favor businesses “more dangerous” than the IRS targeting scandal, a congressman with a background in banking is preparing to introduce legislation to kill the Obama administration initiative. “I believe this activity is probably more dangerous and more disastrous than that of the IRS scandal because this is running people out of business for no reason and it’s harming livelihoods, incomes [and] families,” Rep. Blaine Luetkemeyer, R-Mo., said today in an interview with The Daily Signal. Luetkemeyer, a member of the House Financial Services Committee, was comparing the Department of Justice’s Operation Choke...
  • Ukraine Admits Its Gold Is Gone: "There Is Almost No Gold Left In The Central Bank Vault"

    11/18/2014 9:38:20 AM PST · by tcrlaf · 33 replies
    Zerohedge ^ | 11-18-2014 | Durden
    We reported of a strange incident that took place just after the Ukraine presidential coup, namely that .... "in a mysterious operation under the cover of night, Ukraine's gold reserves were promptly loaded onboard an unmarked plane, which subsequently took the gold to the US." "at 2:00 am, a transport plane took off took off from Boryspil airport. According to Boryspil staff, prior to the plane's appearance, four trucks and two cargo minibuses arrived at the airport all with their license plates missing. Fifteen people .... stepped out, some armed with machine guns. These people loaded the plane with more...
  • Islamic State minting own currency

    11/16/2014 3:06:03 AM PST · by jmcenanly · 23 replies
    UPI ^ | Nov. 14, 2014 at 12:23 AM | Mary Papenfuss
    ALEPPO, Syria, Nov. 13 (UPI) -- Here's what every caliphate apparently needs: its own money, so Islamic State leaders plan to mint their own gold, silver and copper coins. The decision aims to remove Muslims from the "tyrant's financial system" and a global monetary operation "based on satanic usury," said a statement by the Islamic State's Beit al Mal, or treasury, and posted on websites used by jihadist movements. The exchange rate of the new currency — which will consist of seven coins — and where it can be found will be spelled out in a future statement. Unlike many...
  • ISIS to mint own Islamic dinar coins in gold, silver and copper

    11/14/2014 10:25:45 AM PST · by Olog-hai · 7 replies
    Manchester Guardian ^ | Friday 14 November 2014 10.23 EST | Martin Chulov
    It has gathered its fortune through the tools of modern finance, but now Islamic State (ISIS) aims to mint its own coins. The move is reportedly the brainchild of the ISIS leader, Abu Bakr al-Baghdadi, who has personally overseen the design of gold, silver and copper coins of the Islamic dinar to be used in his self-declared caliphate—as soon as the terror group can locate a mint and enough precious metals. ISIS released designs of the coins and a breakdown of denominations. It claims the currency will free Muslims from a financial order that has “enslaved and impoverished” them. But...
  • Russia: Putin Is Hoarding Gold and Rattling Sabers--What’s He Up to Now?

    11/15/2014 7:47:15 AM PST · by TigerLikesRooster · 10 replies
    Fiscal Times ^ | November 14, 2014 | Rob Garver
    Putin Is Hoarding Gold and Rattling Sabers--What’s He Up to Now? By Rob Garver, The Fiscal Times November 14, 2014 The Russian government has spent the last few days giving the world a lot more to worry about. From moving more tanks into Ukraine, to transferring nuclear weapons-capable units to Crimea, to announcing that it will start flying long-range bombers over the Gulf of Mexico, the Kremlin hasn’t exactly been a stabilizing force in global affairs for the past few days. Then, there’s this: It turns out that in addition to invading neighbors and taking an increasingly belligerent global posture,...
  • Islamic State Group Says It Will Mint Its Own Coins

    11/14/2014 4:42:19 PM PST · by misanthrope · 25 replies
    Associated Press ^ | Friday November 14, 2014 5:02 AM
    CAIRO (AP) — The leader of the Islamic State group has ordered the terror organization to start minting gold, silver and copper coins for its own currency — the Islamic dinar. A website affiliated with the group posted the order late Thursday, saying IS leader Abu Bakr al-Baghdadi instructed his followers to mint the coins to "change the tyrannical monetary system" modelled on Western economies that "enslaved Muslims."
  • ROBBER BARON BANKERS: Scam $1.3 Quadrillion/yr

    11/14/2014 9:06:30 AM PST · by ednoonan7 · 8 replies
    American Resistance Party ^ | Nov 14, 2014 | Edward C Noonan
    PRESS RELEASE NOVEMBER 14, 2014 ROBBER BARON BANKERS: Scam $1.3 Quadrillion/yr November 14, 2014 – Reuters reported yesterday: “Regulators fined six major banks including Citigroup (C.N) and UBS (UBSN.VX) a total of $4.3 billion for failing to stop traders from trying to manipulate the foreign exchange market, following a year-long global investigation. HSBC (HSBA.L), Royal Bank of Scotland (RBS.L), JP Morgan (JPM.N) and Bank of America (BAC.N) also face penalties resulting from the inquiry that has put the largely unregulated $5 trillion-a-day market on a tighter leash, accelerated the push to automate trading and ensnared the Bank of England.” See:...
  • ISIS Unveils Its New Gold-Backed Currency To Remove Itself From "The Oppressors' Money System"

    11/13/2014 8:32:33 AM PST · by Rusty0604 · 45 replies
    Zerohedge ^ | 11/13/2014 | Tyler Durden
    . It appears the rumors are true. Islamic State is set to become the only 'state' to back its currency with gold (silver and copper) as it unveils the new coins that will be used in an attempt to solidify its makeshift caliphate. ISIS says the new currency will take the group out of "the oppressors' money system." As Zaid Benjamin notes, ISIS releases details of its new currancy with golden 1 & 5 dinar, silver 1, 5, 10 dirham and copper 10 & 20 fils It seems Alan Greenspan may have been on to something after all... "Remember what...
  • Now ISIS wants to introduce its own currency: Plans to bring back solid gold and silver ...

    11/11/2014 8:32:13 AM PST · by Rusty0604 · 34 replies
    Daily Mail ^ | 11/10/2014 | Emma Glanfield
    ISIS wants to introduce its own currency and plans to bring back solid gold and silver dinar coins, it has emerged. The Middle East terror group apparently wants to introduce its own Islamic currency as part of its attempts to solidify its makeshift caliphate. The currency known as the dinar, which once consisted purely of gold and silver coins, is today used by a variety of countries, but the coins are created from different materials to the originals. However, the jihadi group is understood to be planning to return to the original gold and silver coins, which were first introduced...
  • Greenspan's Stunning Admission: "Gold Is Currency; No Fiat Currency, the Dollar, Can Match It"

    11/07/2014 2:40:45 PM PST · by blam · 35 replies
    Zero hedge ^ | 11-7-2014 | Tyler Durden
    Tyler Durden 11/07/2014 For some reason, the Council of Foreign Relations, where ex-Fed-Chief Alan Greenspan spoke last week, decided the following discussion should be left out of the official transcript. We can perhaps understand why... as Gillian Tett concludes, "comments like that will be turning you into a rock star amongst the gold bug community." Greenspan (Uncut):(Click to the site to see the video) TETT: Do you think that gold is currently a good investment? GREENSPAN: Yes... Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the...
  • Gold Is Getting Destroyed ($1140 Oz)

    11/05/2014 6:17:31 AM PST · by blam · 67 replies
    BI ^ | 11-5-2014 | Elena Holodny
    Elena Holodny November 5, 2014 Gold is getting crushed. Again. The yellow metal is at $1,140 per ounce, down by about 2.3%. It got as low as $1,137. This is the lowest level since April 2010. Gold has been dropping to new lows for several weeks as the dollar has strengthened. Oil is another commodity that is tumbling again. WTI crude oil prices dropped as low as $75.84 per barrel shortly after 5 a.m. ET. Brent crude touched $81.63. While this is great for consumers, this is troubling for the oil producers, who may be forced to idle unprofitable projects....
  • Gold Price Falls, Stocks Record Highs As Japan Goes ‘Weimar’

    10/31/2014 5:52:01 PM PDT · by blam · 30 replies
    The Market Oracle ^ | 10-31-2014 | Gold Core
    Gold Core October 31, 2014 Stocks globally surged, while gold fell sharply today despite renewed hopes that the Bank of Japan’s vastly increasing money printing will fill some of the gaps left by the apparent end of Federal Reserve bond buying. The BOJ decided to increase the pace at which it expands base money to a whopping 80 trillion yen ($726 billion) per year. Previously, the BOJ targeted an annual increase of 60 to 70 trillion yen. The BOJ sailed into deeper uncharted monetary territory with the announcement that they would triple annual purchases of exchange-traded funds (ETFs) and Japanese...
  • Yamana Gold (AUY) Drops 15% in one day

    10/30/2014 9:49:57 AM PDT · by MeneMeneTekelUpharsin · 20 replies
    Yahoo Finance ^ | 30 October 2014
    Yamana Gold dropped 15% in one day after news of a charge taken for Brazilian operations.
  • Alan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, "Buy Gold"

    10/29/2014 11:47:09 AM PDT · by Rusty0604 · 17 replies
    Zerohedge ^ | 10/29/2014 | Tyler Durden
    It appears it is time for some Hillary-Clinton-esque backtracking and Liesman-esque translation of just what the former Federal Reserve Chief really meant. As The Wall Street Journal reports, the Fed chief from 1987 to 2006 says the Fed's bond-buying program fell short of its goals, and had a lot more to add. Mr. Greenspan’s comments to the Council on Foreign Relations came as Fed officials were meeting in Washington, D.C., and expected to announce within hours an end to the bond purchases. He said the bond-buying program was ultimately a mixed bag. He said that the purchases of Treasury and...
  • Fireworks Fly As Peter Schiff Warns "An Economy That Lives By QE, Dies By QE"

    10/28/2014 4:08:38 PM PDT · by blam · 16 replies
    Zero Hedge ^ | 10-2014 | Tyler Durden
    Tyler Durden 10/28/2014 Ahead of tomorrow's decision by the FOMC, Peter Schiff ventured on to CNBC to discuss the economy, the fed, and gold... among other things. Schiff rightly fears that while the Fed may well stop QE3 tomorrow, QE4 will not be too long behind it as he notes, rather eloquently, that "an economy that lives by QE, will die by QE" as the Fed's total lack of willingness to allow stocks to fall (see Bullard 2 weeks ago) or a 'cleansing' recession leaves the nation's economy in far worse shape than it was before the Fed's intervention. Schiff...
  • Large Gold Nugget Found in Butte County

    10/22/2014 9:16:37 PM PDT · by PeaceBeWithYou · 55 replies
    Action News Now ^ | Oct 21, 2014 4:49 PM | News Staff
    A five pound, quarter of a million dollar gold nugget was found on Butte County public land this summer. The nugget, found in July, is currently being held at Kagin's Inc. in the Bay Area and will be unveiled to the public at the San Francisco Fall Antiques Show scheduled to begin Thursday. Information about the nugget and its finder remain vague. The person who found it has chosen to keep their identity a secret, and the location of its discovery is only being described as somewhere in the foothills in Butte County on public land. The Butte Nugget was...
  • FORGET GOLD: Here Are 11 Odd Items People Use To Store Their Wealth

    10/22/2014 7:23:19 AM PDT · by blam · 46 replies
    BI ^ | 10-22-2014 | Akin Oyedele
    Akin Oyedele October 22, 2014"Gold gets dug out of the ground in Africa or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head." That's what Warren Buffett said back in 1998. Gold has long been considered a safe-haven investment. However, the price of gold has performed dismally in recent years. For those who don't trust the conventional financial markets, there are alternative more unorthodox ways to put away wealth. We put together a list of some...
  • Nevada Residents to Decide Fate of Mining Tax

    10/15/2014 10:35:42 AM PDT · by JimSEA · 6 replies
    mining.com ^ | 10/12/2014 | Andrew Topf
    The Nevada gold-mining industry is keeping its ear carefully tuned to what residents think of the state's mining tax. In November Nevada residents will be asked to vote on whether to remove a mining-tax cap from the Nevada constitution, which stipulates that the mining industry will pay no more than 5 percent tax on the net proceeds of minerals. If voters reject the 5 percent provision, the state legislature could impose whatever tax rate it pleases.
  • The Ebola outbreak is not just a human tragedy. It’s also an economic one.

    10/14/2014 6:41:59 PM PDT · by 2ndDivisionVet · 9 replies
    The Washington Post's Wonkblog ^ | October 14, 2014 | Ylan Q. Mui
    Harnessing the energy of the St. Paul River in Liberia, the Mount Coffee hydroelectric plant was supposed to bring power -- and prosperity -- to a country upended by nearly two decades of civil war. That was before the outbreak of Ebola ravaged the developing nation, where less than 1 percent of the population has access to reliable public electricity. Construction on the plant has ground to a halt. The foreign staffers leading the project have left the country. Hopes of lighting up Liberia by 2016 could are dimming. The Ebola epidemic has killed more than 2,300 people in Liberia,...