
European Parliament Approves Use Of Gold As Collateral
• ZeroHedge.comThis vote reinforces market demand for a greater choice of assets that can be used as collateral to meet margin liabilities.
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This vote reinforces market demand for a greater choice of assets that can be used as collateral to meet margin liabilities.
(The following email was in response to criticism of those of us that were openly laughing at the idea of counting on Federal Reserve Notes in the wake of a financial collapse)
There is a lively interest in silver coin use among LRC blog readers. Several readers have kindly informed me of two applications. Thank you all. Here are some links: calc1, calc2a, calc2b, calc2c. The latter 3 links are to different pages about the
Chinese investors are snapping up gold bars and coins, buying more than ever before in the first quarter of 2011 and overtaking Indian buyers as the world's biggest purchasers of the metal.
Steve Forbes is championing a return to a gold standard in five years time. Will that help the slumping American economy though? Gerlad Celente of the Trends Research Institute says no.
Sell the Gold in Fort Knox - Ron Paul is right, says Gary North. / Are You a Sheeple? - Take the quiz and grade yourself, says Mike Adams. / Sell Yellowstone Park - Becky Akers on desocialization and paying off some debt.
Next big question on the fed debt limit could be whether to start selling the govt’s holdings of gold at Fort Knox — and at least one presidential contender, Ron Paul, has told The New York Sun he thinks it would be a good move.
South Carolina became the newest state to propose a bill that would make gold and silver coins a form of legal tender in the state. Utah started the trend. More than a dozen other states are considering similar moves.
How the US Empire Will Die - Richard Maybury on the breakup of the geopolitical matrix. / Socialist Defense Is a Disaster - We need the free market, says Michael Rozeff. / The Blowhards of War - Justin Raimondo on the neocon campaign to invade Pakist
Eric Sprott Says Gold Is Now The World's Reserve Currency, Says Silver Was Manipulated Lower
I don't think I've ever seen so much gloating in the face of a plunge in a sector of the market. And I wonder, just wondering, whether silver will now cross up the crowd by bouncing back to a surprising degree.
Even after last week’s steep selloff in the commodities markets, the “Flight to Safety” trade is still on…big time. Gold may have retreated from its all-time high, but applications to purchase a handgun continue soaring to record levels.
Ernest updates us on today's news on FreedomsPhoenix.com / Jerry Williams - Precious Metals - American Precious Metals Inc. - www.apmaz.com
Ernest updates us on today's news on FreedomsPhoenix.com / Jerry Williams - Precious Metals - American Precious Metals Inc. - www.apmaz.com
Much of the trading was conducted by high frequency trading (HFT) computer bots whose clear purpose seems to be to cause disruptions to prices. These are the same disruptive traders that caused the flash crash in the stock market last year.
"From gun-wielding libertarians to radical Muslims, an unlikely global cabal is plotting financial revolution." - "E-GOLD & ISLAM: INSIDE THE ONLINE PLOT TO OVERTHROW THE DOLLAR"
Dean, Josh Manuel from RonPaulForums.com & Ernest discuss the Ron Paul Presidential Debate from last night on Fox News.
Dean, Josh Manuel from RonPaulForums.com & Ernest discuss the Ron Paul Presidential Debate from last night on Fox News.
But the underlying financial system has been patched up with duct tape and baling wire, and the thorniest issues, namely, undercapitalized banks and global imbalances (both China-US and within the Eurozone) remain unaddressed.
Mexico, Russia and Thailand added gold now valued at about $6 billion to their reserves in February and March as prices advanced to a record, the dollar weakened and Treasuries lost investors money.
Silver tumbled to a 5-week low on Thursday, on track for its biggest weekly slide since 1983, caught up in a broader commodities sell-off and gold fell to its lowest in more than a week. Spot silver fell more than 5 percent to $37.32 an ounce, dow
Videos and Links
Warren Buffett shuns gold as an investment ... The billionaire investor Warren Buffett has said he'd always bet on a good business to deliver better returns than gold over time, even as the precious metal sets fresh records.
The Comex is facing a default, and the powers that be are very nervous since it involves at least one of the TBTF monstrosities.
My thesis is that gold is now in such powerful hands (much of it even political) that there's no way that the US government would call in gold. Furthermore, what purpose would it serve if the US did call in the gold?
Buffett's comments on gold show an amazing lack of understanding of basic economics, namely the role a medium of exchange plays in a society and the difference between a medium of exchange that has emerged in the market and one forced...
Becky Quick just Tweeted: Munger #BRK2011: If u think country u live in is going to kill u then gold is a good buy. Otherwise BRK shares are better.
No. My take on this is that we entered what I call the "Greater Depression" in 2007. And now, because the government has printed up trillions of dollars in the last couple of years, we're in the eye of the hurricane.
The Joy of Ron Paul's 'Liberty Defined' - It makes people on both sides of the left-right political debate uncomfortable, says Gary Gibson. / Profligate US - Eric Margolis on the decline of America. / The Truth About Churchill, Truman, FDR, Wilson, a
Raed Jarrar is an Iraqi-American blogger and political analyst based in Washington, DC. - Recently wrote: "Playing With Fire in Iraq" / Silver is at $47.540 and Gold is at $1509.20