The price of gold forged a record high above 1,068 dollars an ounce here on Tuesday as the dollar sank against the euro. On the London Bullion Market, gold struck 1,068.63 dollars an ounce, which was the highest level ever recorded. Gold's lat
Impeccably reliable sources have informed me that as recently as Sept. 30, 2009 - the last possible day of trade in the Sept. 09 futures - a number of well-healed market participants "bought" substantial tonnage worth of gold futures on the London Bu
There is no reasonable prospect of the federal debt being paid down. Nor can anyone possibly believe that today’s government bonds can be paid except by issuing new bonds tomorrow.
“The selling is not materialising,” said James Steel, echoing a view held by other analysts and traders. Jon Spall, gold specialist at Barclays Capital in London, added: “No one is saying ‘this is enough, let’s sell’.”
As the dollar's dominance fades with the emergence of a multipolar world, gold may stand to gain the most of all assets thanks to an unlikely quality -- neutrality. While no major currency is likely to replace the dollar anytime soon, the need for
Today at Noon(Oct 6) The US Mint issued a press released with some shocking and disappointing news. The collectible 2009 Proof and Uncirculated Gold and Silver Eagles will not be offered this year. As partial consolation, the press release
Gold surged to a record high above $1,040/ ounce, fueled by a steadily falling US currency, which prompted investors to buy gold as a hedge against dollar-denominated portfolios. Spot gold hit a historic $1,043.45/ ounce
A single investor - thought to be a hedge fund - is sitting on thousands of tonnes of tin in warehouses across London. According to traders almost the entire stock of tin on the London Metals Exchange(LME) was bought up by a single, mysterious inves
A powerful hidden engine existed for close to 20 years called the Yen Carry Trade. The engine produced tainted trillion$ for its priviliged participants, whose access to cheap money was assured and whose control of government policy was tight.
Investing guru Marc Faber advises investors to switch off Ben Bernanke, ignore his government-sponsored “We will keep inflation in check” line — and be sure to buy gold to protect yourself. “Government is there to do something for itself, not for pe
The Federal Reserve System has disclosed to the Gold Anti-Trust Action Committee Inc. that it has gold swap arrangements with foreign banks that it does not want the public to know about. The disclosure, GATA says, contradicts denials provided by th
A major discovery market is developing around the recent West Timmins deep gold intersection published during the summer. There will be plenty more information to come but the thick intersection and solid grade makes the tenor of the mine.
The International Monetary Fund said its executive board endorsed the sale of 403 tons of gold, worth an estimated 13 billion dollars, to boost its lending capacity to poor countries. The IMF said in a statement the sales would be “in a volume str
Gold closed at $999 on Tuesday. Then, yesterday, it closed down $2. There’s a time to buy gold; and there’s a time to sell it. Which time is it? The question rose with the gold price itself. It needs an answer. The price of gold today, adju
A You Tube Video with Gold Expert Rob Kirby, and he speaks about Barrick Gold and it's "Math" problem, China, and how it's government is encouraging it's people to buy gold, and other topics.
Like a battering ram in a medieval siege, gold keeps hammering away at the gate. For the third time in less than twelve months, the yellow metal is once again crashing into the $1,000 per ounce level. As of press time, it looks like gold will close above that level today and will set a new record in the process. Even if the breach is fleeting, who can doubt that it will mount another assault soon? In the meantime, there is no shortage of market analysts who are not buying gold while questioning the motives of those who are. Although they offer a variety of strained reasons, they nearly all agree that it has nothing to do with inflation, which is nearly universally considered dead and buried. As a self-confessed gold bug, I can assure all that inflation is the only reason I buy gold. A
Gold, little changed near a six- month high in London today, may rise toward $1,000 an ounce as a weakening dollar increases the metal’s appeal as an alternative investment. Silver climbed to a 13-month high.
The dollar slipped as much as 0.4 percent against the euro as a report showed European investor confidence increased for a second month in September. Gold tends to rise when the greenback weakens. Bullion last surpassed $1,000 on Feb. 20.
Gold now over $1200. Does $1500 look so far away now? Look for more talk of "Bank Holidays" and new currency and civil unrest and hunger and... solutions that people come up with for themselves... and governments will not be consulted.
OpenCurrency.com produced 500 FreedomsPhoenix Medallions in the first batch and we have only 27 left. Soooo..... I can only offer the FreedomsPhoenix Silver as an early registration incentive for the FreedomSummit until the first batch is gone... FYI :)
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While Ron Paul is calling on Congress to audit the Federal Reserve, his brother Wayne Paul has been testifying here in federal court about how Wayne's monetary views have shaped the beliefs of Robert Kahre, a Las Vegas business owner who is on trial for evading income taxes.
The trial before Judge David Ezra is nearing its conclusion, as the defense rested its case Thursday. Both sides will present closing arguments next week.
There’s a lot of Internet chatter these days about the possibility of the U.S. government seizing its citizens’ private gold holdings.
Dear Liberty Dollar Supporters!
1. Liberty Dollar - Ambushed &
It is with a very heavy heart that I regret to inform you that I have suspended (closed) the Liberty Dollar operation… until I am acquitted.
It dispenses one, ten and 250-gram bars, and it’s built like a tank. The gold even comes with its own gift box and at a price 20 percent cheaper than what customers could get at a German bank, says the website advertising the new "Gold-To-Go" machine. But the company cautions that gold from such machines should be treated as a novel present, rather than a serious investment – and besides, serious investors can still get a better deal on open market gold prices.
Last week the US House of Representatives passed a bill which included an expanded credit facility for the IMF and gave US approval for the proposed IMF sale of 400 tons of gold. Is this an attempt to suppress the price of gold
The International Monetary Fund (IMF) should expand the basket of Special Drawing Rights to include the Chinese yuan, commodity currencies and gold, a senior Kremlin official said on Tuesday.
TG-Gold-Super-Markt aims to introduce the machines at 500 locations including train stations and airports in Germany. The company, based near Stuttgart, hopes to tap into the increasing interest in buying gold following disillusionment in other investments
To at least some extent, it must be the money (or at least the officially sanctioned similacrum of the same) that provides for Ryan's material comforts and subsidizes whatever squalid vices he enjoys. Since Ryan is a servant of the kleptocracy we can assume that vice, of some kind, plays a significant role in his discretionary time: Someone who steals for a living isn't likely to be a moral paragon when he's off the clock.
The Federal Government has told the Royal Canadian Mint to call in the RCMP to help find its missing gold and silver. Rob Merrifield, minister responsible for the mint, told the House of Commons Tuesday he has instructed the agency to seek assistance from the Mounties.