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The discovery of a ship, missing for five centuries, in a southwest African desert, filled with gold coins, is one of the most thrilling archaeological finds in recent times. The Bom Jesus (The Good Jesus) was a Portuguese vessel that set sail from Lisbon, Portugal on Friday, March 7, 1533. Its fate was unknown until 2008 when its remains were discovered in the desert of Namibia during diamond mining operations near the coast of the African nation. When it sank in a fierce storm, it was on its way to India laden with treasures like gold and copper ingots. Two...

Last week, delegates from the London Bullion Market Association (LBMA) including Paul Fisher, Ruth Crowell, David Gornall, and Edel Tully, joined Mike Oswin of the World Gold Council (WGC) in Basel for a meeting with the Bank of International Settlements (BIS). The delegation met with Neil Esho, Secretary General of the Basel Committee, and Noel Reynolds, Head of Basel III Implementation, to discuss the future of gold as a High-Quality Liquid Asset (HQLA). The reclassification of gold, from its current status as a Tier 1 asset, as an HQLA would bring about enhanced market stability, improved liquidity, regulatory compliance benefits,...

It has long been a generally accepted fact that western central banks continually attempted to manipulate gold and silver prices in the financial markets. For years, they conspired to artificially suppress the price of gold, pushing it lower by selling short massive numbers of gold futures contracts. Well, more evidence of this came to light just this past week – the last week of April/first week of May. And along with it came some pretty convincing indications that western central banks no longer wield sufficient financial clout to enable them to keep gold and silver prices down. China is the...

silver is up $1.75 today so far

Dear Friend of GATA and Gold: Our friend the Dutch gold researcher Jaco Schipper today calls attention to a May 15 report from the public broadcasting service in the Netherlands, NOS, about the government's new fortress gold vault in the town of Zeist: https://nos.nl/artikel/2475275-hoe-verplaats-je-in-het-geheim-15-miljard-aan-goudstaven-en-geld At the conclusion of the report an official of the Dutch central bank, Coen Voormeulen, makes a remark that is reminiscent of Dutch gold researcher Jan Nieuwenhuijs' reporting about the "gold revaluation accounts" maintained by some central banks: Voormeulen says of the Netherlands' 14,000 gold bars, estimated to be worth 15 billion euros: "The gold is...

Interior Secretary Deb Haaland acknowledged Tuesday that the Biden administration’s climate agenda, which is reliant on global critical mineral supply chains, is strengthening China. During a House Appropriations Committee hearing on her agency’s proposed 2024 budget, Haaland was repeatedly grilled about the administration’s environmental policies blocking further domestic production of critical minerals and opening the door to further reliance on Chinese-sourced minerals. In one exchange with Rep. Guy Reschenthaler, R-Pa., Haaland affirmed that green energy sources “deepen” reliance on Chinese imports. “I’m telling you right now that 63% of rare earth mining [occurs in China],” Reschenthaler stated. “By deductive reasoning,...

At the end of a monetary era a number of dominoes will keep falling, initially gradually and then suddenly as Hemingway explained when asked how you go bankrupt. Some of the important dominoes the world will see falling are: Political, Geopolitical, Currency, Debt and Investment Assets. The consequences will be unthinkable – Social Unrest, War, Hyperinflation, Deflationary Implosion of Assets, Debt Defaults and much more. But when things settle down, there will also be offsetting forces such as the emergence of powerful BRICS nations often backed by commodities. Gold will play a major role during this process. Both central banks,...

Fort Knox Scandal - Chapter 20 Posted: 8:03 PM - Aug 30, 2009 Bill Still CHAPTER 20 The Golden Cover-Up Begins How was the Fort Knox gold drain first discovered? Although the London Gold Pool and gold sales were by no means a secret, the full implication of the gold drain from America was understood by very few people until it hit one of the early tabloids in 1974. What followed was a typical scenario of government stonewalling, half-truths and lies that eventually backed the bureaucrats into a corner, but not without some dedicated work by one determined individual, Ed...

The 2024 Central Bank Gold Reserves (CBGR) survey conducted by the World Gold Council reveals that 29% of central bank respondents plan to increase their gold reserves in the next twelve months. This is the highest level observed since the survey began in 2018. The motivations behind these planned purchases include a desire to rebalance gold holdings, domestic gold production, and concerns related to financial markets, including higher crisis risks and rising inflation.

So apparently the US Supreme Court has just given 40 US states the green light to begin issuing their own gold and silver-backed currencies. Quote from the SC decision: “The United States maintains a dual system of banking, made up of parallel federal and state banking systems. That dual system allows privately owned banks to choose whether to obtain a charter from the Federal Government or from a state government.” www.supremecourt.gov/opinions/23pdf/22-529_1b7d.pdf

World Food Programme (WFP) Executive Director Cindy McCain warned Sunday of the worsening humanitarian crisis in Sudan. In an interview on CBS News’s “Face the Nation,” McCain stressed the importance of “safe and unfettered access” for the organization to deliver food to the war-torn country. country. “Sudan has the real possibility of becoming the world’s largest humanitarian crisis,” McCain said. “We cannot get food in — we can barely get food in — we certainly aren’t getting it in at scale, and you see the results of what can happen if people aren’t fed.” McCain noted that the situation is...

Dear Friend of GATA and Gold: London metals trader Andrew Maguire tells this week's "Live from the Vault" program from Kinesis Money that repeated attempts by the U.S. Federal Reserve to knock down the price of gold via sale of futures contracts in New York just continue to feed Chinese demand for real metal as the contracts are converted to deliverable instruments in London…. See video.

Democratic Sen. Bob Menendez of New Jersey faces his second, distinct bribery and corruption trial in seven years starting Monday. This new case is a complicated affair involving multiple gold bars, envelopes of cash, a Mercedes and a lot more that, prosecutors say, the powerful former chairman of the Senate Foreign Relations Committee and his new wife (they got married during the alleged bribery scheme) obtained in exchange for helping a halal meat monopoly, granting favors for people from Egypt and Qatar and trying to influence a New Jersey prosecution.

It sounds like a dream, but it's true in Antarctica, gold rains from the sky. Tucked in among the glaciers, fiery Mount Erebus is the southernmost active volcano on Earth, providing a bit of heat amid the frozen landscape. The frozen continent features 138 volcanoes, according to a 2017 study, with around nine of them reported as active. With a summit elevation of 12,448 feet (3,794 meters), Mount Erebus is the most well-known. Erebus is one of three volcanoes that form Ross Island, and it's said that it was erupting when it was discovered in 1841 during the voyage of...

An active volcano in Antarctica is shooting $6,000 in gold dust into the air every single day, NASA’s Earth Observatory revealed last week. The volcano on Mount Erebus spits pockets of gas containing 80 grams of crystallized gold daily, it said. Mount Erebus, is arguably Antarctica’s most famous volcano. It holds the titles of the tallest active volcano on the continent, with its summit reaching 12,448 feet (3,794 meters), and the southernmost active volcano on Earth. Named after the personification of darkness in Greek mythology, Mount Erebus was erupting when Captain Sir James Clark Ross first discovered it in 1841....

New Jersey Sen. Bob Menendez’s wife has confided in friends that she is convinced she will go to prison because she is short of money for legal representation, The Post has learned. Nadine Arslanian, the Democrat’s second wife, faces up to 45 years in prison if convicted on bribery and corruption charges when she goes on trial in July. Her attorneys withdrew from her case earlier this month after successfully having her trial put off until July because she has “a serious medical condition” — leaving her without a defense team. Now multiple members of her social circle have told...

Hi Ho Silver (and Gold)! Gold futures prices are soaring and are at $2,422.00. Gold futures prices are up 19.61% over the past year. Silver futures prices are also soaring and are at $29.64. Silver futures prices are up 16.40% over the past year. Bitcoin is almost at $70,000 and is up 133.44% over the past year. Returning to gold, we are seeing another gold breakout, like the breakout in 2008. Even central banks are loading up on gold, silver, and cryptos. Why? Primarily fear of US reckless budgets and exploding debts/deficits (don’t listen to Biden talk about how “he”...

As we approach what is likely to be the most chaotic presidential election in U.S. history, trouble signs are starting to erupt for the U.S. economy. In fact, CNN is actually admitting that “the long-predicted storm clouds in the economy may actually be forming”. I can’t remember the last time that I saw a CNN article with a headline like that. But at this point, it is becoming extremely difficult for the mainstream media to avoid the truth. Inflation is getting worse at the same time that many key sectors of our economy are slowing down. If you thought that...

Reporting from Western New York: gas price at my local gas station jumped $0.13 in the last 24 hours. I've never seen a hike that fast. Is anyone else seeing the same thing? I already see gold prices shooting up. Is this gas price? Starting to catch up to it now?

A new study, published in the journal Numismatic Chronicle, suggests that the village of Vindelev in Jelling, Denmark, likely had connections to a network of European elite.In 2020, one of the largest gold hoards ever found in Denmark was discovered at Vindelev by a metal detectorist.The hoard consists of 23 gold objects dating to the Migration Period during the Germanic Iron Age (a period seen by some researchers as a prelude to the actual Viking Age), which includes: 13 gold bracteates from the 5th century AD, a granulated gold fitting from a sword or knife, and four mounted Roman medallions...