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Keyword: preciousmetals

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  • Easy Fed Gives Gold Rocket Fuel

    06/20/2019 6:04:23 AM PDT · by Migraine · 48 replies
    kitco.com ^ | June 20, 2019 | Jim Wyckoff
    (Kitco News) - Gold and silver prices are sharply higher in early morning U.S. trading Thursday. Gold powered to a five-year high, while silver prices hit a five-week high. Major central banks that are leaning easy on their monetary policies are boosting the metals and the raw commodity sector, in general. Gold is also seeing increased safe-haven buying interest as tensions in the Persian Gulf are on the rise. August gold futures were last up $37.50 an ounce at 1,386.50. July Comex silver prices were last up $0.417 at $15.385 an ounce. Traders and investors are still digesting Wednesday’s conclusion...
  • Democratic Bundler in Bed with Congolese Warlord

    02/21/2012 6:59:09 AM PST · by jmcenanly · 4 replies
    The Washington Free Beacon ^ | Adam Kredo | Adam Kredo
    A prominent Obama administration trade advisor is one of the central players in a series of scandals and ethical rows that have reportedly placed him in cahoots with corrupt Congolese warlords and other questionable figures. Kase Lawal, an oil mogul with longstanding ties to the Clinton family, was appointed in 2010 as a member of Obama’s Advisory Committee for Trade Policy and Negotiations. Since his selection to the trade board, Lawal has become enmeshed in a pact to purchase large quantities of illegal gold from a violent Congolese warlord, according to a U.N. investigation and various reports. The crooked gold...
  • Trump's Space Force could cost nearly $13 billion over 5 years

    09/17/2018 2:47:29 PM PDT · by 2ndDivisionVet · 23 replies
    CNN Politics ^ | September 17, 2018 | Ryan Browne
    Establishing President Donald Trump's sought-after Space Force could cost $12.9 billion over its first five years, according to an Air Force document obtained by CNN. The Air Force estimates that the first year "additive costs" associated with establishing the new military branch in the 2020 fiscal year, including the creation of a headquarters, would amount to $3.32 billion. The document also estimates that the Space Force will oversee some 13,000 personnel when it is officially launched. In a memo accompanying the proposal, Air Force Secretary Heather Wilson calls on Congress to authorize and fund the establishment of a Space Force...
  • American Spies Paid $100,000 to Russian Who Wanted to Sell Material on Trump

    02/09/2018 4:20:17 PM PST · by springwater13 · 107 replies
    After months of secret negotiations, a shadowy Russian bilked American spies out of $100,000 last year, promising to deliver stolen National Security Agency cyberweapons in a deal that he insisted would also include compromising material on President Trump, according to American and European intelligence officials. The cash, delivered in a suitcase to a Berlin hotel room in September, was intended as the first installment of a $1 million payout, according to American officials, the Russian and communications reviewed by The New York Times. The theft of the secret hacking tools had been devastating to the N.S.A., and the agency was...
  • Don’t Look Now, but Gold Just Finished Its Best Year Since 2011

    01/05/2018 6:55:48 AM PST · by blam · 13 replies
    Market Oracle ^ | 1-5-2017 | Money Metals
    Metals investors may have missed it given the gloomy sentiment that plagued markets for much of 2017, but gold just finished its best year since 2011. Perhaps in a year like the one just passed, 13% gains are simply not inspiring. U.S. stocks finished about 25% higher for the year, and crypto-currencies including Bitcoin left all other asset classes in the dust. Bitcoin gained roughly 1,400%. Die hard gold bugs enter 2018 waiting for crypto-bugs and stock bulls to see the value of precious metals. Fortunately, precious metals have served reliably both as an inflation hedge and as a safe...
  • buying bulk contemporary usa silver dollars? plus bulk usa gold coin questions

    03/23/2017 10:22:36 AM PDT · by SteveH · 60 replies
    steveh | 3/23/2017 | steveh
    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...
  • Iran May Have Received as Much as $33.6 Billion in Cash, Gold Payments From U.S.

    09/08/2016 3:28:59 PM PDT · by RoosterRedux · 67 replies
    freebeacon.com ^ | Adam Kredo
    Iran may have received an additional $33.6 billion in secret cash and gold payments facilitated by the Obama administration between 2014 and 2016, according to testimony provided before Congress by an expert on last summer’s nuclear agreement with Iran. Between January 2014 and July 2015, when the Obama administration was hammering out the final details of the nuclear accord, Iran was paid $700 million every month from funds that had previously been frozen by U.S. sanctions. A total of $11.9 billion was ultimately paid to Iran, but the details surrounding these payments remain shrouded in mystery, according to Mark Dubowitz,...
  • E-waste- A Major Pollution Issue

    09/06/2016 10:47:33 AM PDT · by Sean_Anthony · 8 replies
    Canada Free Press ^ | 09/06/16 | Jack Dini
    E-waste recycling is a source of much needed income in many low to middle income countries Electronic product innovations satisfy many needs, including the desire of people to stay connected around the globe. As new products are continually introduced into the marketplace, consumers replace existing electronic products that are damaged or simply outdated. The resulting mass of electronic products discarded is becoming the fastest growing waste stream in the world leading to polluted environments. (1) Electronic waste (e-waste) which includes all types of electrical or electronic equipment is produced in staggering quantities, estimated globally to be 41.8 million tons in...
  • 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 · 71 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...
  • 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...
  • 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...
  • The Mystery Of Dubai's Vaporized Gold: The Plot Thickens

    12/26/2015 4:59:15 PM PST · by Rockitz · 45 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...
  • Regulator Fines Barclays for Gold Manipulation: Permanent Price Suppression?

    05/25/2014 8:55:15 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | May 25, 2014 | Mike Shedlock
    A couple of readers asked me to comment on the news Regulator Fines Barclays Over the Pricing of Gold. A British financial regulator has fined Barclays $43.9 million after accusing a former trader at the bank of improperly influencing gold prices at the expense of a customer. The F.C.A. also fined the former Barclays trader, Daniel James Plunkett, Ł95,600 and barred him from participating in any regulated financial activity. The authority said Mr. Plunkett, who settled with it, had profited at the expense of a customer, who was later fully compensated by Barclays. Mr. Plunkett’s improper conduct occurred on June...
  • UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal

    09/28/2015 5:06:30 PM PDT · by SkyPilot · 83 replies
    Zero Hedge ^ | 28 Sep 15 | Tyler Durden
    With countless settlements documenting the rigging of every single asset class, it was only a matter of time before the regulators - some 10 years behind the curve as usual - finally cracked down on gold manipulation as well, even though as we have shown in the past, central banks in general and the Fed in particular are among the biggest gold manipulators. That said, we are confident by now nobody will be surprised that there was manipulation going on in the gold casino. In fact, ever since Germany's Bafin launched a probe into Deutsche Bank for gold and silver...
  • Bullion Direct Files Chapter 11 Bankruptcy

    07/20/2015 4:40:07 PM PDT · by ponygirl · 16 replies
    About.ag ^ | 7/16/2015 | Unknown
    BullionDirect, Inc. has filed a petition for Chapter 11 bankruptcy. The case is 15-10940-tmd in the U.S. Bankruptcy Court of the Western District of Texas (Austin). Noteworthy is that BullionDirect, Inc. now has only one direct, Dan Bensimon (President, Chief Restructuring Officer and Sole Director). I find this encouraging. It also only lists 11 unsecured creditors in the list of the 20 largest unsecured claims. This may be due to the fact that it is a Chapter 11 (e.g. Kitco's CCAA/bankruptcy filing did not include customers as creditors, as their storage customers did not appear on their balance sheet). But...
  • Anyone here looking at precious metals stocks? (vanity)

    07/01/2015 4:09:01 PM PDT · by Leaning Right · 17 replies
    July 1, 2015 | me
    Some precious metals funds I've been following are approaching lows not seen since 2002. China is buying gold. Russia is buying gold. India is buying gold. Yet these mining stocks continue to fall. I'm thinking this might be a buying opportunity. But I'm usually wrong. And ideas from the FR market sages?
  • Alabama’s Gold Rush: A Tiny Town Once Worth Millions

    05/15/2015 3:05:49 PM PDT · by nickcarraway · 21 replies
    WAIT ^ | May 12, 2015 | Stephen Hauck
    It’s a town most people in Alabama don’t even know exists. But, that’s not the way things have always been, as this tiny Tallapoosa County community was once one of the largest cities in Alabama. The reason can be found deep beneath the woods near the main road that runs through town. James “Coy” Powell, whose ancestors have lived in Goldville for generations, said he hopes the history of this town doesn’t fade away like the population has. “It’s a sacred spot that I can go back and I can tell people like you, you know this wasn’t easy back...
  • Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History?

    04/28/2015 8:59:46 AM PDT · by SeekAndFind · 30 replies
    TEC ^ | 04/28/2015 | Michael Snyder
    Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great investment. But in recent times, the price of silver has actually fallen quite a bit. As I write this, it is sitting at the ridiculously low price of $15.66 an ounce. So up to this point, JP Morgan’s investment in silver has definitely not...
  • Big Banks Face Scrutiny Over Pricing of Metals

    02/23/2015 7:13:49 PM PST · by Theoria · 7 replies
    WSJ ^ | 23 Feb 2015 | Jean Eaglesham and Christopher M. Matthews
    U.S. Justice Department investigates price-setting process for gold, silver, platinum and palladium U.S. officials are investigating at least 10 major banks for possible rigging of precious-metals markets, even though European regulators dropped a similar probe after finding no evidence of wrongdoing, according to people close to the inquiries. Prosecutors in the Justice Department’s 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...
  • Iraq's 'gold' mostly copper

    08/02/2003 2:18:10 AM PDT · by sarcasm · 27 replies · 326+ views
    Reuters ^ | August 2, 2003
    <p>WASHINGTON -- Gold-colored bars seized by US forces in Iraq appear to be melted-down shell casings made mostly of copper, rather than gold, the White House said in a report obtained yesterday.</p> <p>The US military announced the discovery of truckloads of the gold-colored bars in May.</p>