"The Germans have demanded that gold bullion held in US custodial accounts be returned to their owners, with physical gold shipped back to Germany ."
For 2007 and 2008 combined, the U.S. exported 22 million ounces of refined gold and over 154 million ounces of “compound gold.” This is more than 11 times U.S. gold mine production during those 2 years. Where did all this gold come from?
Northwestern Mutual Life Insurance Co., the third-largest US life insurer by 2008 sales, has bought gold for the first time in the company's 152-history to hedge against further asset declines. "Gold just seems to make sense; it's a store of value,"
Many have claimed that the price of silver has been repressed. Here is a speculative scenario as to how that may have been achieved. One would need a LOT of silver to meet physical demand for a decade or more. It would require an operation as secretive as the Manhattan Project to accomplish the feat.
The comments are China's first public acknowledgement in more than five years that its gold reserves had increased.
India and China may press for the sale of the entire gold reseves of the International Monetary Fund(IMF) to raise money for the least developed countries. The IMF holds 103.4 million ounces(3,217 tonnes) of gold that if, sold, can fetch about $100
Why did the crew members ditch the craft when it would have been safer to stay aboard. And why was an old trawler built in 1979 was being used to transport gold and silver in the first place. Hmmmmmmmmmmmm.
In the heart of Vienna in a Biedermeier building commissioned by Emperor Franz I, a man wearing a khaki uniform and beret exchanges a wad of euro notes across the counter for a few sparkling gold coins. Guenther Fuchssteiner, 59, is a military
With gold prices topping $900 an ounce and jobs still disappearing, a new gold rush is on. It's taking place in California again, where unemployed people are heading for the hills to prospect for gold. It's also happening on TV and online, wh
Ben Bernanke has just rung the loudest bell ever heard in the foreign exchange and government debt markets. Investors who ignore the clanging do so at their own peril. The bell’s reverberations will be felt by everyday Americans, whose lives are abou
GoldMoney said the mobile payment application means any individual or merchant could open up an account and then receive a payment in gold or silver bullion within minutes."
Read how the history of silver and gold production indicate current silver prices are artificially low. Should you buy silver at today's "bargain" price?
The departure of gold prices from their past inverse correlation with the dollar is just another example of the commodities market's ability to surprise and often flummox investors.
What cannot be paid back will default. A huge credit event is coming, and it's not just in the US. And that is the message of gold.
Gold futures fell below $900 an ounce Monday as expectations that the U.S. will pass stimulus and bank aid plans reduced safe-haven buying.
Gold prices are set to jump toward $1,000 an ounce and probably beyond to new records as droves of investors fearing financial instability and surging inflation pile into the precious metal. Expectations of a weaker dollar, which makes gold priced in
Eric Sprott, the Canadian money manager who last year predicted banking stocks would collapse, said the U.S. is at the beginning of an economic depression that will help gold prices more than double. Bullion may top $2,000 an ounce in coming years am
At the same time, costs for television ad time are dropping as more-traditional advertisers cut spending, creating an opening for aggressive advertising by gold-buying outfits.
Resource-poor Japan just discovered a new source of mineral wealth -- sewage. A sewage treatment facility in central Japan has recorded a higher gold yield from sludge than can be found at some of the world's best mines.
Strong investor buying on Monday pushed the price of gold above $900 a troy ounce, hitting a 3½-month high in dollar terms and posting all-time highs in euro and sterling, in a stark sign of money seeking refuge from equities and bond markets.
And Here... We... GO!
GoldMoney provides thousands of customers with a useful, secure and affordable way to buy and hold gold and silver. In addition, GoldMoney's patented payment system modernizes gold's oldest, most valuable feature: its use as money.
Gary Dugan, the chief investment officer for the US bank, said there has been a remarkable change in sentiment. "People are genuinely worried about what the world is going to look like in 2009. It is amazing how many clients want physical gold,
A computer glitch at the Industrial and Commercial Bank of China gave gold traders a 23-minute bonanza that cost the bank dearly last week, sparking a debate on Monday as the bank reclaimed the windfall.
(Can you feel it?) AGAIN?
Nash told the audience that such financial crises would be less likely to occur if there was some international monetary standard, such as the gold standard or competition among worldwide currencies, to curb inflation and prevent the rise of mortgage
...the jig in Washington is up. The music has stopped on the players of ‘musical chairs’. Those who have no gold in hand are out of luck.
The Federal Reserve must now make a tough choice. In the past, Federal Reserve Chairmen may have felt it necessary to support regular attacks on gold prices to dissuade conservative people from putting a majority of their capital into gold.
Gold is poised for a dramatic surge and could blast through $2,000 an ounce by the end of next year as central banks flood the world's monetary system with liquidity, according to an internal client note from the US bank Citigroup.