Keyword: gold
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Freeport, New York — At eWorks in Freeport, New York, piles of dusty televisions, personal computers, printers and other old tech are the start of an electronic treasure hunt. "There is a value that would be there," eWorks CEO Mark Wilkins told CBS News. "Maybe it's a small value, but it's our job to really go through that process and evaluate each one of those components." Wilkins' team first tests to see if electronics still work. If not, they are disassembled, because anything with a chip can contain gold, and more than you might think. And it's not just the...
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Chinese geologists just uncovered a gold deposit so massive, it’s turning heads in the mining world. Early reports hint at billions in untapped value buried deep beneath northeastern soil. Chinese geologists have announced the discovery of a massive gold deposit in the northeastern province of Liaoning, describing it as an “easy to mine” reserve. The site is estimated to contain about 1,000 tonnes of gold, a find that follows closely on the heels of another high-value discovery made just months ago in Hunan province. These back-to-back breakthroughs are credited to China’s advancements in mineral prospecting technology, which researchers say are...
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Amid surging gold prices, Shanghai has introduced its first “gold recycling ATM“, drawing significant public interest, particularly from older residents seeking to cash in on the jewelry they’ve held for generations. Located in Shanghai’s Global Harbor shopping mall, the new machine saw long queues of customers, with appointments booked through the upcoming May holiday. Social media posts circulating online showed that the machine provides a fast, transparent process: users deposit their gold items, which are then weighed, melted and assayed. For instance, a 40-gram gold necklace was appraised at 785 yuan ($108) per gram, resulting in a payout of over...
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In this week’s Live from the Vault, Andrew Maguire welcomes back Lynette Zang, who breaks down the patterns driving financial collapse and explains how to spot these signals to secure the future with gold and personal preparedness. Zang warns that the systemic reset might already be underway, with the dollar collapsing under the weight of inflation and debt. As central banks hoard metal and gold surges past $3,300, Lynette urges immediate action to embrace real-world assets. Check out Lynette: @TheLynetteZang https://www.lynettezang.com/ Timestamps: 00:00 Start 02:55 Patterns of collapse: history's warning signs 09:00 Central banks stock up on gold – why...
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President Donald Trump's love of gold has extended from the inside of Trump Tower to the decor of the White House... to a new island in the Pacific? The president has been offered the island of Bougainville — complete with its large gold mine — as the 'deal of the century'. Currently part of Papua New Guinea, Bougainville voted overwhelmingly for independence in a 2019 referendum — but the result wasn't legally binding. However, Bougainville's president, former rebel commander Ishmael Toroama, remains undeterred. 'Bougainville is for independence. It is only a matter of time,' he told The World in October,...
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According to the latest survey of fund managers by Bank of America, 49% say that gold is the most crowded trade. This marks the first time in 2 years that the Magnificent 7 tech stocks did not top the “overcrowded” survey. However, there’s a problem here. The fund managers responding to this survey clearly don’t know much about the gold market. My guess is they have not positioned their clients for the rise in gold, and are lashing out against bullion’s rise. Gold is by no means a crowded trade, as we will show today. Central banks are driving this...
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Gold gains some ground despite U.S. dollar’s rebound as traders focus on the continuation of the pullback in Treasury yields. From the technical point of view, gold needs to settle above the resistance at $3235 – $3245 to gain additional upside momentum in the near term. Silver remains stuck below the 50 MA at $32.51 as traders wait for additional catalysts. If silver moves back below the $32.00 level, it will head towards the nearest support at $31.45 – $31.75. Platinum tests new highs as rally continues amid tariff optimism. Platinum is heading towards the nearest resistance at $960 –...
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WRITTEN TESTIMONY OF ERIK BARTONE In Support of Senate Bill 1552 “An Act Promoting the Ownership and Use of Gold and Silver in the State and Establishing the Connecticut Bullion Depository and the Gold Start Savings Program” Connecticut General Assembly – Finance, Revenue and Bonding Committee April 14, 2025 Chairpersons Fonfara and Horn, Vice Chairs Cabrera, Miller, Constantine, and Rader, Ranking Members Fazio and Polletta, and members of the Committee: Thank you for the opportunity to submit testimony in strong support of Senate Bill 1552, which represents a bold, forward-thinking effort to provide the residents of Connecticut with the tools...
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Trump's trade war with China might be doomed from the start. Why? The shocking 25,000 ton secret China has been hiding from the world. In this explosive interview with Craig Hempy from TF Metals Report, we uncover what mainstream media isn't telling you about the real economic battle between superpowers. Gold deliveries delayed, markets in chaos, and hedge funds dumping assets - all while China quietly positions itself against the dollar.
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Montgomery, Alabama) – Alabama Gov. Kay Ivey has signed Senate Bill 130 into law, reaffirming gold and silver as legal tender. This symbolic victory marks Alabama’s latest step toward promoting constitutional sound money in the state. Sponsored by Sen. Tim Melson and Rep. Jamie Kiel, the Alabama Legal Tender Act recognizes “any refined gold or silver bullion, specie, or coin that has been stamped, marked, or imprinted with its weight and purity” as legal tender in the Yellowhammer State. The law ensures that no one is obligated to accept gold and silver for transactions unless specified by a contract or...
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Global markets have reached a day of reckoning. This has been decades in the making. Now, massive changes are sweeping the world. No, what we’re seeing in the markets is not “normal.” Instead, this is the: Moment precious metal investors have been waiting for Birth of a multipolar world order (U.S. is no longer the sole superpower) Start of a very uncertain period for bonds and fiat currency Peak of globalization In short, you no longer have the luxury of relying on the old rules, the old way of thinking. It’s time for a new playbook. Bond Outlook: Murky Since...
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There has been ongoing speculation about America’s holdings of foreign gold reserves. Elon Musk’s request to audit Fort Knox pushed the issue into the headlines once more. Now, the new incoming German government is discussing pulling their gold reserves from the New York Fed due to a lack of transparency and the public is asking—where is the gold? I personally toured the New York Fed many years ago, and while there is gold there, I cannot verify the quantity or quality; no one has ever accomplished such a feat. The last full audit of US gold reserves occurred in 1953...
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INTRO: MONEY SYSTEMS ARE CHANGING What if this isn’t about collapse -- but a carefully engineered shift? The old system is faltering. Something new is taking shape. And gold? It’s not being fought -- it’s being repositioned. We usually lead with charts. This time, we lead with perspective. The data’s there — but this isn’t about making a case. It’s a shift already in motion. You just have to look differently. THE NARRATIVE SHIFT: SOMETHING BIG IS HAPPENING Central banks aren’t resisting gold’s rise. They’re guiding it. Gold isn’t just a hedge. It’s becoming a cornerstone in what comes next....
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The People’s Bank of China (PBoC) continues to buy unprecedented amounts of gold as the global financial is deleveraging (i.e. investors exchange credit assets for gold). In 2024, the Chinese central bank covertly bought 570 tonnes, encouraging gold’s ascent in global international reserves by 4%, the largest gain in four decades. Gargantuan Gold Purchases by the Chinese Central Bank This article is an analysis of formal and informal sources that indicate the PBoC is currently sitting on more than 5,000 tonnes of monetary gold located in Beijing – more than TWICE what has been publicly admitted. Legacy media outlets routinely...
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Can the U.S. be trusted with German gold? That’s a question being asked by some German officials. Germany ranks second in gold reserves behind the U.S. It officially holds 3,352 tonnes of gold with about 1,236 tonnes (37 percent) held in Federal Reserve vaults in the U.S. Some are wondering whether holding over €100 billion in gold so far away is wise, given the geopolitical climate. European Taxpayers’ Association spokesperson Michael Jäger told The Bild that Germany should bring that gold home. “The Bundesbank and the federal government must show foresight in this phase of global political power shifts and...
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The naked short on the March silver contract is the HSBC "customer" account. I had posted about this situation a couple of days ago on X, pointing out that the OI was one of the highest ever at this point in the delivery cycle: https://x.com/DtDS_WSS/status/1904572463012282757 Over the last two days, that HSBC "customer" account has issued delivery notices on 417 contracts (2.1 million ounces) dropping the open interest as of this morning's open to 223 (1.1 million ounces). Last notice day is tomorrow (March 28) so they have delayed to the last moment… This isn't the first time HSBC was...
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At least 5 people have been killed and around 50 injured on July 25, 2022, after hundreds of protesters attacked a United Nations headquarters in Goma, North Kivu, Democratic Republic of Congo, demanding that the mission leaves the country for failing to protect the population. The protest started after President Felix Tshisekedi’s party and civil society organizations called for the demonstration in Goma after the president of the Senate, Modeste Bahati, called on the UN’s MONUSCO mission to leave Congo in mid-July. The mission is present in the country for more than 20 years. It is the largest peacekeeping mission...
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Now they’re headed to the can! A British bandit and his accomplice were convicted Tuesday of snatching a $6.2 million golden toilet from the English country mansion where Winston Churchill was born then reselling parts of the precious potty. Michael Jones, 39, swiped the gleaming 18-karat-gold loo in under five minutes during a wild heist at Blenheim Palace in 2019 — then teamed up with Frederick Doe, 38, to resell parts of the artwork, the Oxford Crown Court found. Michael Jones in a blue coat leaving Oxford Magistrates' Court, following charges over the theft of a gold toilet from Blenheim...
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Before 2002 analyst Frank Veneroso estimated that between a third and half of all central bank gold had been leased or swapped, sold into the market and lost. More recently, leasing centres such as the Bank of England transferred ownership from lessor to lessee by book entry transfer, the gold not normally leaving the vault. That changed with the recent panic, with lessees queuing up to take gold out of the bank's vault and ship it to New York. ... Dispatch continues below ... This article is about the gold leasing trade, and why the sudden return to conditions before...
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In just seven short years, Malone Lam Yu Xuan went from being a student in a secondary school in Choa Chu Kang to being dubbed crypto whizz-kid by some in the US in 2023. Many who saw his spending spree were amazed a 19-year-old could afford large mansions, a fleet of expensive cars and luxury clothes. In truth, Lam was living off the millions in crypto he stole from various investors, he later told investigators in the US. This was before August 2024, when he allegedly got involved in the theft of Bitcoin valued at more than US$240 million (S$320...
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