What we have now are literal hundreds of trillions of dollars of fraudulent paper contracts to pay a sum that the writer does not have, written for speculative rather than hedging purposes. These contracts are destabilizing...
These obligations now settle in euros, but the end game is to settle them in gold. This is so ripe for speculative manipulation that you might as well cover the U.S. map with a bull's-eye.
If one submits to a single world or regional currency for domestic use, they may as well take their constitutions and individual rights and throw them away. And globalization has been serving as a proxy for this, paving the way.
German TV station ProSieben finds what appears to be some evocative proof of gold counterfeiting, in the form of tungsten gold substitutes coming to the W.C.Heraeus foundry, which is the world's largest precious metals refiner and fabricator...
The recently announced IMF sales of 191.3 tonnes of gold reserves, though it caused an immediate sharp knee-jerk reaction in gold futures markets, will have a negligible effect on the long-term price of gold. Here's why.
Large multiple-ounce nuggets are being dug up, and metal detectors are being ordered around the globe.
A great disconnect exists in the gold market between the exchange futures contract price(the paper price) and the gold buillion paid price for transactions(the physical price). The differential in price is growing wider, enough to place tremendous p
Follow the yellow brick road... Alan Greenspan and his wife (yes, he's married): http://www.forbes.com/2002/05/09/0509feat_5.html Alan Greenspan, note lack of GOLD wedding ring: http://farm3.static.flickr.com/2276/2967599086_09467989a3.jpg No goRead Letter
Gold price volatility has picked up in the past few weeks as diverging views about the next move in the price of gold have intensified.
Gold prices sealed their biggest yearly gain in three decades with a small advance on Thursday, rising for an unprecedented ninth consecutive year as dollar-hedging traders and central banks joined the rally even as safe-haven buying subsided.
The gold bears are out today as the aired 2010 predictions are being issued by talking heads. Some pro-gold stars like Mark Faber and Jim Rogers are being interviewed every day and are predicting a dollar rally.
More than $3 million in government gold was unwittingly sold off at a fraction of its value as refinery slag, while $8 million more was miscounted and never left the Royal Canadian Mint, the Crown corporation revealed today in a full accounting
In a return to the situation experienced during most of 2008 and the first half of 2009, the limited number of gold and silver bullion coins available from the US Mint are subject to rationing. US Mint bullion coins are not sold directly to the publ
Congressman Ron Paul: "Madame Speaker, I rise to introduce the Free Competition in Currency Act of 2009. Currency, or money, is what allows civilization to flourish. In the absence of money, barter is the name of the game"
Spot gold rose 1% to $1,208.70 amid a broad rally in commodities on expectations of rising global demand, fueled by upbeat US home sales and analysts' forecasts that China's economy could grow by 10% or more this quarter. Gold was also supported by w
What is the real reason behind the historic rise in gold prices? Futures and spot prices of gold across global commodity bourses and bullion markets have been surging for the past few months.
Bullion, up 34 percent this year, is set for a ninth annual gain as central banks, pension funds and individual buyers seek to protect their assets from potential currency debasement and inflation. Gold may climb to $1,500 an ounce as the dollar fall
In October, the Hong Kong bankers discovered some gold bars shipped from the United States were actually tungsten with gold plating. This is the exact same Modus Operandi as the silver clad zinc dimes from 45 years ago.
It's one thing to counterfeit a twenty or hundred dollar bill. The amount of financial damage is usually limited to a specific region and only affects dozens of people and thousands of dollars. Secret Service agents quickly notify the banks on how t
The US Mint said on Wednesday it will suspend sales of the popular American Eagle 1-ounce bullion coins as rising demand depleted its inventory. "The United States Mint has depleted its current inventory of 2009 American Eagle 1-ounce
The International Monetary Fund said Wednesday it had sold 10 tonnes of gold to Sri Lanka's central bank for $375 million as part of a restructuring of IMF financial resources. It was the third IMF sale of gold in a month as the Washington-based ins
Gold prices hit record highs above $1,180 an ounce in Europe on Wednesday, boosted by the euro's move through $1.50 against the dollar and by a report that India may consider buying more bullion from the IMF. Spot gold hit a high of $1,182.70 an o
Gold jumped to a record price as the slumping dollar boosted bullion’s appeal as an alternative asset. Silver also gained. Gold futures touched an all-time high of $1,174 an ounce in New York, after the dollar fell as much as 0.9 percent against t
Gold hit a record high at $1,167.45 an ounce on Monday as dollar weakness pushed the metal through key technical resistance levels, fuelling momentum buying after the metal's sharp run higher earlier this month. Spot gold was bid at $1,165.45 an o
The amount of “salted tungsten” gold bars in question was allegedly between 5,600 and 5,700 – 400 oz – good delivery bars [roughly 60 metric tonnes].
Demand for gold coins and bars, already strong as the price of gold sets records, could rise as the US Mint is set to resume selling certain types of gold coins Dec. 3. Last year, the Mint had to halt sales of half, quarter- and tenth-ounce coins
Gold rose to record highs above $1,150 an ounce on Wednesday as the dollar index languished, boosting interest in the metal as an alternative asset, after largely benign U.S. inflation data. The metal is likely to break through to further highs in co
British forces should buy off potential Taleban recruits with "bags of gold", according to a new army field manual published yesterday. Army commanders should also talk to insurgent leaders with "blood on their hands" in order to hasten the end
Gold traders have their eyes on two non-confirmations that so far have refused to "answer" gold's push to new all time nominal highs -- the relative price of silver to gold and the performance to the equities of mining companies. Silver is lagging
Mauritius bought 2 metric tons of gold from the International Monetary Fund, underscoring a drive by central banks to boost holdings as the precious metal trades near a record and the dollar slumps. The $71.7 million sale to the