Gold has a few major drawbacks as a currency, not least its tendency to cause deflation.
The surprise decision by euro zone leaders to part-fund a bailout of Cyprus by taxing bank deposits sent shockwaves through financial markets on Monday, with shares and the bonds of struggling euro zone governments tumbling.
Water in faults vaporizes during an earthquake, depositing gold, according to a model which provides a quantitative mechanism for the link between gold and quartz seen in many of the world's gold deposits, said a geophysicist at the
Kyle Bass, addressing Chicago Booth's Initiative on Global Markets last week, clarified his thesis on Japan in great detail, but it was the Q&A that has roused great concern.
There is increasing evidence that the gold market is manipulated. The amount of physical bullion may be greatly over-stated, and gold may be manipulated in the same way that Libor rates are:
The journey from the surface to the rock face at the bottom of TauTona, the world's deepest gold mine, takes almost an hour — even with the lifts that bring the workers down each of the mine's three shafts travelling at 58 km per hour.
In August 2011, while undergoing cancer treatments that ultimately failed him, Venezuela’sPresident Hugo Chávez began withdrawing 160 tons of gold from U.S., European and Canadian banks.
In the U.S., everything is priced in dollars.
Will gold, silver, and bitcoin be enough to save us? Will a three month food supply be enough?
Patriots; Arizonans need gold, silver choice for money! Please write/call your feelings about Az.'s SB1439 Legal Tender (gold, silver) -- it has hit a snag with bankers, after passing through the Az. Senate on a straight party split.
Liberty Coin and Precious Metals along with our friends at FreedomsPhoenix.com will be helping put on a one-night event to remember at the Pollack Cinema! We will have tickets available here, or pending the show isn't sold out, you can purchase your
Mexico to audit its gold holdings at the Bank of England ...
The old era in which central banking trust was ingrained in the system is gone now – and the ramifications are many even though they have not yet been felt.
Former Texas Congressman Ron Paul is known for his full-throated endorsement of gold as money. And he's put his money where his mouth is by investing in a lot of it.
Contact the members of the Arizona Financial Institutions Committee TODAY. Ask them to pass SB1439, the sound money bill. The bill has passed the Senate and needs to get out of committee in the House so it can be voted on by the entire House It wi
Gold and Silver Approved as Legal Tender by Arizona Senate
Peter Schiff schools a talk-show guy about inflation and gold
If guns in America are also 'nationalized', then the 1933 gold grab may have insights on how the state could proceed and how American public may react.
The audit of the Fed gold came after 2012 presidential contender and former U.S. Rep. Ron Paul (R-Texas) questioned the central bank's gold holdings. While he was in Congress, Paul questioned whether the New York Fed had loaned or otherwise encumber
As the popularity of online currency grows, governments should be concerned about losing their monopoly on issuing money.
Barack Obama often compares himself to Franklin D. Roosevelt. When he does, gold owners reach for a gun, of which they usually have several.
Gold continues to tumble today after a brutal Friday session took the shiny yellow metal below $1600 per ounce. Over the past four months, it's fallen more than 10 percent from its October 4 high of $1798.10.
Money manager Eric Sprott contends, "Physical demand for gold is out of line with supply. How can all these new people come into this market when there has been no increase in supply . . . for the last 12 years?"
An audit of the gold held at the New York Federal Reserve has been completed and the disinformation campaign has started. Notice how LaTi reports the story:
China has a ferocious appetite for Gold now. In 2012, Hong Kong shipped 94% more gold to the mainland than they did in 2011. They are buying all the gold they can get and China’s gold councils have projected by 2015, China’s demand will outstrip
"When Silver gets below $30 it's time to back up the Pickup... when it hits $25 it's time to back up 2 Pickup trucks" - from a friend :)
Though he has some cautionary sentiment about short-term gold prices, the legendary investor still remains optimistic about the long-term future of both silver and gold.
Gold fellow below $1,600 on Friday. This is a six-month low.
During most of the 2000s, I patiently sat on the sidelines while the paper-fueled run up in asset prices (primarily stocks and real estate) in my home country took off.