Keyword: bahog

Brevity: Headers | « Text »
  • Calif. couple strike $10 million gold-coin bonanza

    02/25/2014 2:15:04 PM PST · by Theoria · 61 replies
    AP ^ | 25 Feb 2014 | John Rogers
    <p>A Northern California couple out walking their dog on their property stumbled across a modern-day bonanza: $10 million in rare, mint-condition gold coins buried in the shadow of an old tree.</p> <p>Nearly all of the 1,427 coins, dating from 1847 to 1894, are in uncirculated, mint condition, said David Hall, co-founder of Professional Coin Grading Service of Santa Ana, which recently authenticated them. Although the face value of the gold pieces only adds up to about $27,000, some of them are so rare that coin experts say they could fetch nearly $1 million apiece.</p>
  • India digs for $40 billion gold bonanza based on holy man's dreams

    10/20/2013 12:45:22 PM PDT · by Theoria · 14 replies
    NBC News ^ | 18 Oct 2013 | Chander Bhan and Alexander Smith
    The Indian government on Friday began digging for treasure near an ancient temple after a tip off from a holy man who said he dreamed 1,000 tons of gold was buried there. Swami Shoban Sarkar said he was approached in a dream by a 19th century ruler called Rao Ram Bux Singh who told him about the $40 billion bonanza buried near an ancient temple. But despite having no money, land, or even a bank account, Sarkar did not keep the mystical vision to himself. Instead the civic-minded citizen informed the Archaelogical Survey of India (ASI) in the hope the...
  • Indian temples guard their gold from government

    10/01/2013 11:25:21 PM PDT · by Theoria · 11 replies
    Reuters ^ | 30 Sept 2013 | Reuters
    India’s temples are resisting divulging their gold holdings - perhaps nearly half the amount held in Fort Knox - amid mistrust of the motives of authorities who are trying to cut a hefty import bill that is hurting the economy. The central bank, which has already taken steps that have slowed to a trickle the incoming supplies that have exacerbated India’s current account deficit, has sent letters to some of the country’s richest temples asking for details of their gold. It says the inquiries are simply data collection, but Hindu groups are up in arms. “The gold stored in temples...
  • Gold nugget found near Ballarat[Australia- 12 pounds]

    01/17/2013 9:45:27 AM PST · by Theoria · 21 replies
    The Courier ^ | 17 Jan 2013 | Dellaram Vreeland
    A MASSIVE gold nugget that could be worth upwards of half a million dollars has been unearthed in Ballarat. See your ad here The nugget, weighing slightly more than five kilograms (177 ounces), was discovered by a local prospector on Wednesday morning, who rushed it to the Ballarat Mining Exchange Gold Shop. The exact location and the identity of the lucky prospector remain secret, but gold shop owner Cordell Kent said the nugget was found within 30 kilometres of the Ballarat CBD. It was found about 60 centimetres below the surface, with the prospector using a state-of-the-art detector worth more...
  • Massive Gold Trove Sparks Archeological Dispute

    06/21/2012 5:36:03 PM PDT · by Theoria · 24 replies
    Spiegel Online ^ | 21 June 2012 | Matthias Schulz
    A 3,300-year-old treasure trove of gold found in northern Germany has stumped German archeologists. One theory suggests that traders transported it thousands of miles from a mine in Central Asia, but other experts are skeptical. Archeologists in Germany have an unlikely new hero: former Chancellor Gerhard Schröder. They have nothing but praise for the cigar-smoking veteran Social Democratic politician. Why? Because it was Schröder who, together with Russian leader Vladimir Putin, pushed through a plan to pump Russian natural gas to Western Europe. For that purpose, an embankment 440 kilometers (275 miles) long and up to 30 meters (100 feet)...
  • Ron Paul Owns Millions in Gold Interests (Portfolio amounts to huge bet against the US economy)

    08/26/2011 6:14:09 PM PDT · by SeekAndFind · 69 replies
    National Journal ^ | 08/26/2011 | Chris Good
    For decades, Rep. Ron Paul, R-Texas, has warned that our fiat currency will collapse around us, leaving everyone in economic shambles. Gold, he says, is the surest path back to sound money. In a CNBC interview earlier this month(during which host Joe Kernen misidentified Paul as not being a gold investor), Paul extolled the virtues of gold as protection against the continuing ripples of the global financial crash. "I think what we're dealing with is the end of the dollar reserve standard," Paul said. "This is probably a bigger problem than the world has ever faced before." But, fittingly, Paul...
  • Hackney hoard of gold coins fails to count as treasure, court rules

    04/25/2011 3:13:38 PM PDT · by Palter · 14 replies
    Hackney Citizen ^ | 25 April 2011 | Alex Hocking
    Finders fail to become keepers as £100,000 worth of American money is returned to the family of its original owner The glass jar contained 80 American coins dating from 1854. Photograph: Hackney CouncilA hoard of gold coins found in Hackney by a local resident in 2007 does not qualify as treasure and should be returned to the descendent of the man who originally buried them, ruled an inquest last week (Monday 18 April).In 2007, Hackney resident Terence Castle was digging a frog pond with three others in a back garden in Stamford Hill when they struck suddenly struck gold, discovering...
  • Gold tooth blocks bullet

    02/26/2011 7:03:25 PM PST · by ConservativeStatement · 43 replies
    UPI ^ | February 26, 2011
    NEW ORLEANS, Feb. 23 (UPI) -- New Orleans police said a man who was shot by his brother was spared serious injury or death when the bullet bounced off his gold tooth. Police said Waltdell Davis, 20, used a .22-caliber Smith and Wesson revolver to shoot his brother, Walter Davis, 22, after an argument about Walter smoking his younger brother's marijuana, The (New Orleans) Times-Picayune reported Wednesday.
  • Ben Ali's family flee with gold bars (One and a half tons)

    01/17/2011 7:56:05 AM PST · by Cardhu · 31 replies
    PressTV via Le Monde ^ | January 17th 2011 | Staff
    The family of ousted Tunisian President Zine El Abidin Ben Ali has reportedly fled the country with 1.5 tons of gold worth more than 45 million euros. Citing information received form the French secret services, the French newspaper, Le Monde, disclosed on Monday that Leila Trabelsi, the wife of the ousted president, took the gold bars out of the country before the collapse of Ben Ali's regime. Ben Ali's 23-year rule ended on Friday after weeks of street protests all over the North African country. "According to information gathered in Tunis, Leila Trabelsi, the president's wife allegedly went to the...
  • How to Make the Dollar Sound Again

    11/15/2010 3:09:16 AM PST · by Palter · 41 replies
    The New York Times ^ | 13 Nov 2010 | James Grant
    By disclosing a plan to conjure $600 billion to support the sagging economy, the Federal Reserve affirmed the interesting fact that dollars can be conjured. In the digital age, you don’t even need a printing press. This was on Nov. 3. A general uproar ensued, with the dollar exchange rate weakening and the price of gold surging. And when, last Monday, the president of the World Bank suggested, almost diffidently, that there might be a place for gold in today’s international monetary arrangements, you could hear a pin drop. Let the economists gasp: The classical gold standard, the one that...
  • Hackney gardeners dig up hoard of American gold coins[UK]

    10/18/2010 11:40:41 AM PDT · by Palter · 12 replies
    London Today ^ | 18 Oct 2010 | Dalya Alberge
    A valuable hoard of American gold coins has been unearthed in an east London garden — one of Britain's most curious treasure finds. Buried hoards are discovered every so often, but their Anglo-Saxon, Viking or Roman owners were themselves interred long ago. Whoever hid the 80 coins from the 19th and early 20th centuries may be alive. Why they chose the garden of a residential block in Hackney is a mystery. Archaeologists more used to deciphering which Roman emperor is depicted on a coin have been taken aback by the find — gold $20 “Double Eagle” pieces dating from 1854...
  • Prospectors find largest gold nugget in 120 years[Black Hills-SD]

    09/17/2010 9:22:43 AM PDT · by Palter · 26 replies · 1+ views
    Rapid City Journal ^ | 13 Sep 2010 | Holly Meyer
    A bright yellow glimmer caught Charlie "Digger Chuck" Ward's eye as he panned. His eyes had fooled him in the past, so he reached in the pan to feel the weight of the clump. Ward handed it to his prospecting partner, Byron Janis, and asked "Is this what I think it is?" The 2-¼ inch by 1-1/2 inch by 1 inch rock was exactly what Ward thought it was: gold. It turned out to be the largest undisputed gold nugget found in the Black Hills in the past 120 years. (A larger nugget has been found, but its authenticity has...
  • Man Arrested At Ball Field With Gold Paint On Face Again

    08/20/2010 7:26:45 AM PDT · by jiggyboy · 48 replies · 1+ views
    WTOV TV ^ | August 19, 2010
    NEW MARTINSVILLE, W.Va. -- An Ohio Valley man whose spray-painted mugshot was circulated worldwide has been arrested again on accusations of huffing.Wetzel County sheriff's deputies arrested Patrick Tribett -- again with gold spray paint on his face -- Wednesday night.
  • Ancient gold coins unearthed[India]

    07/25/2010 6:33:27 PM PDT · by Palter · 31 replies · 3+ views
    The Hindu ^ | The Hindu
    The coins, each weighing 400 milligrams, have markings in UrduAncient gold coins were unearthed at Kottamalam village near Kadambur block in Sathyamangalam taluk on Sunday.A villager stumbled upon an earthen pot containing the coins numbering 744 when he was cleaning his piece of land along with wife and two grand daughters near his house. It was said that the people in the village shared the treasure.On hearing the information, Village Administrative Officer alerted the Sathyamangalam Tahsildar. Along with a team of police personnel, the revenue officials rushed to the village and took possession of the coins, each weighed around 400...
  • Ron Paul: Media "Amen corner" poo poos gold

    07/24/2010 2:21:26 PM PDT · by citizenredstater9271 · 48 replies · 1+ views
    Youtube ^ | July 24, 2010 | RidleyReport
    Ron Paul explains why we need to put our money in gold and how we can do that as America slowly drifts towards socialism. I'm fully aware I can't change any one's mind about Dr. Paul on FR but please listen to this video you might agree with some of what he says.
  • Gold Illusory Bubble and the Debt Bubble End Game

    07/14/2010 7:20:33 AM PDT · by Errant · 19 replies
    The Market Oracle ^ | 14 July, 2010 | Darryl_R_Schoon
    Midway through 2010 we are approaching the end of the end-game, the resolution of the monetary imbalances that began in 1971. For more than 2500 years, gold was money: but, in 1971 that changed. After 1971, money was no longer connected to gold. For the first time in history, money had no intrinsic value... ...The enormous amount of government debt—total sovereign debt now totals $34 trillion dollars—can never be repaid. The end of the end-game will come when investors collectively realize this is so. That realization has not yet happened. When it does, for most it will be too late......
  • These 67 Analysts Believe Gold Will Reach Parabolic Top As High As $10,000 (goldbug porn)

    07/12/2010 6:37:49 PM PDT · by jiggyboy · 37 replies
    munknee.com ^ | July 16, 2010 | Lorimer Wilson
    Who in their right mind would suggest that gold will eventually reach $2,500, let alone $5,000 or even $10,000? Well, I did some investigation and, believe it or not, there are almost 70 economists, academics, gold analysts and market commentators who believe gold may go as high as $10,000 an ounce before the bubble finally pops. Below is a list of such individuals each of whom has sound reasons to substantiate his or her views. I encourage you to check out their articles and their rationale for such high gold prices in the years (and in some cases just months)...
  • Gold Going to Parabolic Top of $10,000 by 2012 For Good Reasons

    06/13/2010 2:00:01 PM PDT · by blam · 58 replies · 1,772+ views
    The Market Oracle ^ | 6-13-2010 | Lorimer Wilson
    Gold Going to Parabolic Top of $10,000 by 2012 For Good Reasons Commodities / Gold and Silver 2010 Jun 13, 2010 - 03:05 PM By: Lorimer Wilson No wishful thinking here! As I see it gold is going to a parabolic top of $10,000 by 2012 for very good reasons - sovereign debt defaults, bankruptcies of “too big to fail” banks and other financial entities, currency inflation and devaluations - which will all contribute to rampant price inflation. Not surprisingly, I have company in that view: Money manager, Peter Schiff, told Business Week recently that, "Gold could reach $5,000 to...
  • Gold $7,000!

    06/07/2010 1:44:46 PM PDT · by blam · 82 replies · 148+ views
    The Daily Reckoning ^ | 6-7-2010 | Chris Mayer
    Gold $7,000! By Chris Mayer 06/07/10 Gaithersburg, Maryland – During a week when almost everything went wrong, the gold market went very right. In fact, gold has been going very right for more than a decade. The gold price has more than quadrupled during the last 10 years. So is it too late to buy the stuff? My short answer is, “No.” Admittedly, gold is not like any other investment. It is not merely a financial asset; it is the ultimate form of money. But that doesn’t mean it is always a good investment. Many investors make a case for...
  • Germany Latest Victim of Phony Gold Bar Scam

    03/31/2010 8:10:05 AM PDT · by george76 · 48 replies · 1,500+ views
    sbc ^ | March 29, 2010 | Pat Shannan
    Amid international accusations that U.S. officials in the Clinton administration replaced gold in Fort Knox with phony, mostly tungsten bars that were later shipped to China and other places yet unknown, a German refinery has now discovered that it has received a bogus "gold" bar as well. The video proof was shown on the German television station ProSieben that ran the news story covering W.C. Heraeus in Hanau, Germany, the world's largest privately owned refinery. In the story, Wilfried Horner, head of the gold foundry, shows a 500-gram bar (16.0755 troy ounces) received from an unidentified bank. The bar had...
  • The Skinny On Greece And What It Means To Gold

    03/03/2010 7:00:32 AM PST · by TigerLikesRooster · 11 replies · 701+ views
    Jim Sinclair's MineSet ^ | 03/03/10 | Jim Sinclair
    The Skinny On Greece And What It Means To Gold Posted: Mar 03 2010 By: Jim Sinclair Dear CIGAs, Greece will fail and be rescued is all that is discussed in the financial world. Here is the real skinny: 1. Greece getting bailed out means QE (printing of money) to infinity. That means gold would rise from here to $1650 by January of 2011, or as Martin Armstrong said, by June of 2011. The dollar would fall. Equities and commodities would rise. 2. Greece getting flushed means that would enrich the CDS OTC derivative tool. Immediately the next target currencies...
  • Big Players Get Out Of Risk And In To Gold

    02/28/2010 3:57:24 AM PST · by Daisyjane69 · 36 replies · 1,308+ views
    The International Forecaster ^ | 2/27/10 | Bob Chapman
    Who will be the buyers of US bonds? Questionable Fed policy to keep economy afloat, liquidity drain to keep pressure on gold and silver, George Soros putting his money in gold companies, upheaval in currency markets, TARP was to pay out the people responsible, difficulties for small and mid-sized banks. We ask, who on earth will now buy our bonds as our multi-trillion dollar Obama-ordained deficits run America into a state of bankruptcy? Certainly not the Chinese, who are no longer buying our "worthless paper." They are now buying Canadian bonds and gold. Certainly not the Russians, because they know...
  • Somethings up in the Gold market, IMF & the treasury

    02/20/2010 7:44:28 AM PST · by Whenifhow · 42 replies · 2,315+ views
    Blogster ^ | 2-19-2010 | JoAnne Moretti
    Not even sure where to start. Wednesday I saw a story stating Soros bought Citi for $1.3 Billion dollars and doubled his stake in Gold. Yesterday, I saw a story stating IMF was about to sell tons of Gold. Also yesterday, I saw a story stating China had sold our treasury bonds in a plan to buy Gold. So I started digging. I know, you're shocked. LOL. Here's the facts and links. Connect the dots. Let's start at the beginning. When Obama was elected, one of the first things he did was give $108 Billion dollars to the International Monetary...
  • Army tells its soldiers to 'bribe' the Taleban[UK][Bahog]

    11/16/2009 5:34:14 PM PST · by BGHater · 14 replies · 946+ views
    Times Online ^ | 16 Nov 2009 | Michael Evans
    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 of the conflict in Afghanistan. The edicts, which are contained in rewritten counter-insurgency guidelines, will be taught to all new army officers. They mark a strategic rethink after three years in which British and Nato forces have failed to defeat the Taleban. The manual is also a recognition that the Army’s previous doctrine for success against insurgents, which was based...
  • Treasure hunt novice struck £1m gold on first outing[Scotland]

    11/05/2009 11:46:18 AM PST · by BGHater · 25 replies · 1,435+ views
    Times Online ^ | 05 Nov 2009 | Mike Wade
    Five days after he took delivery of a metal detector and seven steps into his first treasure hunt, a novice archaeologist has helped to rewrite Scottish history and may be a millionaire after he unearthed four 2,300-year-old torcs made of pure gold a few feet from his parked car. David Booth, a game warden at Blair Drummond Safari Park, in Stirlingshire, bought his £240 detector from a website that claimed “treasure need not be an idle dream”. What then seemed an absurd sales puff has proved strangely prophetic. The hoard he discovered at the edge of a field was described...
  • Hitler’s Gold: Uncovering the Biggest Bank Heist in History

    10/09/2009 7:24:03 AM PDT · by BGHater · 11 replies · 2,061+ views
    Money Hacker ^ | 22 Sep 2009 | Joseph McCullough
    Image: via Food Court LunchAmong the chaos of the collapse of Hitler’s empire in April 1945 the biggest heist in history took place. Gold bars, jewels and stolen foreign currency with an estimated worth of $3.34 billion vanished from the Reichsbank vaults, in Germany.Reichsbank, Berlin 1933Image: German Federal Archive In the ensuing decades small quantities of this bounty have turned up in Portugal, Switzerland, Turkey, Spain and Sweden but the majority remains missing. Across the world search teams look for this missing treasure and the supreme prize of the legendary Amber Room, an acquisition from St. Petersburg during WWII,...
  • Dow Will Fall to 6,300 by Year End: Portfolio Manager

    10/06/2009 4:31:02 PM PDT · by BGHater · 43 replies · 2,083+ views
    CNBC ^ | 05 Oct 2009 | JeeYeon Park
    With the prospect of higher unemployment hanging over the markets, some experts expect a correction. So are they right? Michael Cuggino, president and portfolio manager at Permanent Portfolio Funds, and John Lekas, CEO and portfolio manager at Leader Capital, shared their insights. (See their recommendations, below.) “I think we go below the double dip,” Lekas told CNBC. “By year-end, we drop below 6,300 on the Dow and by 2011, we’re at 4,200.” Lekas said although Monday's ISM services index was “neutral,” the unemployment number was at 785,000 last month and that number is expected to worsen. “So 26 to 27...
  • Huge Anglo-Saxon gold hoard found

    09/24/2009 4:10:21 AM PDT · by csvset · 64 replies · 3,433+ views
    BBC ^ | 24 September 2009 | BBC
    The UK's largest haul of Anglo-Saxon treasure has been discovered buried beneath a field in Staffordshire. Experts said the collection of 1,500 gold and silver pieces, which may date back to the 7th Century, was unparalleled in size. It has been declared treasure by South Staffordshire coroner Andrew Haigh, meaning it belongs to the Crown. Terry Herbert, who found it on farmland using a metal detector, said it "was what metal detectorists dream of". It may take more than a year for it to be valued. The collection contains about 5kg of gold and 2.5kg of silver, making it far...
  • Buried treasure found in Córdoba[Spain]

    09/23/2009 6:52:54 AM PDT · by BGHater · 36 replies · 1,589+ views
    Typically Spanish ^ | 22 Sep 2009 | h.b.
    13 gold coins have been found, wrapped together, by the river in Córdoba If you know where to look, buried treasure can still be found in Spain. The latest find was not however thanks to a map marked with an ‘X’, but came as part of an archaeological excavation as part of new drainage works in Córdoba, close to the famous Roman Bridge in the city centre. 13 gold coins, escudos, from the reign of Carlos III, dated from 1776 to 1801, and wrapped in a cloth, were found under a layer of limestone which has kept them in a...
  • Rare Coins: Family Treasure or Ill-Gotten Goods?[1933 Double Eagle]

    09/17/2009 10:35:27 AM PDT · by BGHater · 65 replies · 3,116+ views
    The New York Times ^ | 15 Sep 2009 | JOHN SCHWARTZ
    Roy Langbord had guessed that someone in his family might have hidden away a great treasure decades before, but not until his mother had him check a long-neglected safe-deposit box did he realize just how great it was. Inside the box, opened in 2003, he found an incredibly rare coin, wrapped in a delicate paper sleeve. It was a gold $20 piece with Lady Liberty on one side, a bald eagle flying across the other and, at Liberty’s left, the four digits that made it so valuable: 1933. The famous “double eagles” from that year were never officially released by...
  • Audit fails to find missing gold

    07/01/2009 4:51:12 AM PDT · by Daffynition · 29 replies · 748+ views
    BBC ^ | July 1, 2009 | staff reporter
    An external audit of the Royal Canadian Mint (RCM) has failed to find millions of dollars' worth of "missing" gold. Auditors Deloitte were asked in May to investigate a discrepancy between the amount of precious metals on the mint's inventory and in its actual stockpile. Deloitte concluded that the unaccounted for difference "does not appear to be an accounting error" and identified security as an area for consideration. The RCM said it was not yet clear whether any gold was actually missing. "All customer holdings and metal deposits entrusted with the Royal Canadian Mint are secure and have been fully...
  • The beep that made me leap: Housewife discovers £250,000 gold treasure after seven years

    06/27/2009 4:22:12 PM PDT · by BGHater · 9 replies · 1,018+ views
    Daily Mail ^ | 24 June 2009 | Dalya Alberge
    After seven years of combing fields and beaches with a metal detector, the only thing housewife Mary Hannaby had to show for her hobby was an old dental plate. But all those efforts paid off when her first proper find turned out to be a 15th-century gold treasure valued at £250,000 or more. The find is thought to be part of a high-quality reliquary or pendant, and depicts the Holy Trinity. Mrs Hannaby, 57, from Hemel Hempstead, Hertfordshire, heard her metal detector's tell-tale beep while out on one of her regular six-hour Sunday detecting walks with her son, woodcarver Michael,...
  • Yorkshire treasure stash unearthed after 1,000 years

    06/17/2009 12:40:19 PM PDT · by BGHater · 23 replies · 1,412+ views
    Yorkshire Evening Post ^ | 17 June 2009 | Stuart Robinson
    MORE than a thousand years ago a Saxon thief, desperate to hide his plunder, stashed a hoard of stolen gold in what is today a nondescript West Yorkshire field. What became of the thief is lost to the ages and his precious loot lay safely buried in that same field for the next millennium. There it remained until a treasure hunter, out with his trusty metal detector last year, experienced the moment he will never forget when he unearthed the amazing find on the farmland near Leeds. Archaeological experts say they believe the three gold rings, half a gold ingot...
  • Moorpark man finds gold nugget worth $10,000[CA]

    05/29/2009 12:28:04 PM PDT · by BGHater · 37 replies · 3,097+ views
    Ventura County Star ^ | 28 Mar 2009 | Karen Hibdon
    After seven years spent prospecting for gold as a hobby in the California desert, Terry Hughes of Moorpark hit the mother lode. On Memorial Day, the former Marine and disabled Vietnam veteran scored a “one-in-a-million” find: an 8.7-ounce gold nugget worth an estimated $10,000. “We’re all hoping to find the big one and Terry did,” said Patrick Keene, co-owner of Keene Engineering, reportedly one of the world’s largest suppliers of portable mining equipment. A nugget that big — about the size of an egg — is “extremely rare,” Keene said. Hughes purchased all his mining equipment from the Chatsworth company,...
  • Woman Accused Of Stealing $12M Of Gold

    04/29/2009 3:42:32 PM PDT · by Free ThinkerNY · 31 replies · 1,204+ views
    nypost.com ^ | April 29, 2009 | WILLIAM J. GORTA
    A long-time employee of a major Queens jewelry manufacturer walked off with a staggering $12 million worth of gold over the course of six years, prosecutors said. Teresa Tambunting, 50, of Scarsdale, had been secreting the gold hoard out of the Long Island City vault piece by piece by stashing small items in the lining of her pocketbook, Queens District Attorney Richard Brown said. "The defendant is accused of establishing a virtual mining operation in Long Island City which siphoned off millions of dollars' worth of the precious metal," he said.
  • NYSE Runs Out of Gold Bars: What Happens Next?

    04/01/2009 11:37:14 PM PDT · by atomic_dog · 32 replies · 2,250+ views
    Seeking Alpha ^ | March 27, 2009 | Avery Goodman
    In the first Great Depression, the government tried, for several years, between 1929 and 1933, to maintain a fiction that the U.S. dollar was still convertible and as “good as gold”, in spite of having irresponsibly printed more dollars than they had gold to back them. Back in the 1920s, just like during the last 22 years, the Federal Reserve had run its printing press overtime, and, as a result, it couldn’t deliver. The U.S. Treasury eventually ran out of the gold, in the face of overwhelming public demand, resulting in the infamous gold confiscation order, by President Franklin Roosevelt,...
  • Russia backs return to Gold Standard to solve financial crisis

    03/30/2009 12:58:42 PM PDT · by mnehring · 63 replies · 1,692+ views
    Russia has become the first major country to call for a partial restoration of the Gold Standard to uphold discipline in the world financial system. Arkady Dvorkevich, the Kremlin's chief economic adviser, said Russia would favour the inclusion of gold bullion in the basket-weighting of a new world currency based on Special Drawing Rights issued by the International Monetary Fund. Chinese and Russian leaders both plan to open debate on an SDR-based reserve currency as an alternative to the US dollar at the G20 summit in London this week, although the world may not yet be ready for such a...
  • Is there any gold inside Fort Knox, the world's most secure vault?

    03/29/2009 8:03:26 PM PDT · by Atlas Sneezed · 39 replies · 4,300+ views
    Times Online (UK) ^ | March 28, 2009 | Chris Ayres
    ... For several prominent investors and at least one senior US congressman it is not the security of the facility in Kentucky that is a cause of concern: it is the matter of how much gold remains stored there - and who owns it. They are worried that no independent auditors appear to have had access to the reported $137 billion (£96 billion) stockpile of brick-shaped gold bars in Fort Knox since the era of President Eisenhower. After the risky trading activities at supposedly safe institutions such as AIG they want to be reassured that the gold reserves are still...
  • How much gold is in Fort Knox and who owns it?

    03/29/2009 11:07:39 AM PDT · by bvw · 104 replies · 2,706+ views
    bvw | 29 March 2009 | bvw
    Sorry, not taking Wikipedia as a source. Nor are spurious "conspiracy theory" comments welcomed. It's an honest question. Answers should cite primary sources and such primary sources should cite date and type of audit. I also expand this question to include all US stores, where the gold is owned by the US. Answers must distinguish between "holding" and "ownership", the question is to ownership! I note that a great failing of our times is that people do not know how to keep books anymore, and even less how to audit. Too many make assumptions, or give a cheap pass to...
  • Is there any gold inside Fort Knox, the world's most secure vault?

    03/28/2009 7:44:27 PM PDT · by FromLori · 47 replies · 2,337+ views
    The Times (UK) ^ | 3/28/2009 | Chris Ayres
    It is said to be the most impregnable vault on Earth: built out of granite, sealed behind a 22-tonne door, located on a US military base and watched over day and night by army units with tanks, heavy artillery and Apache helicopter gunships at their disposal. Since its construction in 1937 the treasures locked inside Fort Knox have included the US Declaration of Independence, the Gettysburg Address, three volumes of the Gutenberg Bible and Magna Carta. For several prominent investors and at least one senior US congressman it is not the security of the facility in Kentucky that is a...
  • THEY'VE BEEN TELLING YOU GOLD IS A BARBARIC RELIC FOR DECADES NOW

    03/26/2009 4:22:54 AM PDT · by djf · 39 replies · 1,008+ views
    Gold Eagle ^ | Mar 20, 2009 | Richard J. Greene
    Whatever you do, gold and silver investors; don't ever forget how they claimed gold and silver were mere trinkets, not worthy of consideration as backing for money. Keep this one point firmly etched front and center for all to see. Never let it go out of sight for even one moment. For if the politicians, the bankers, the Treasury officials, various spokesmen for the Fed, or the money powers ever go back on that claim, you will have all the proof you will ever need that their claim was nothing but a longstanding hoax perpetrated to rob blind the uninformed...
  • Ron Paul: Believer in small government predicts 15-year depression

    03/23/2009 5:12:20 AM PDT · by GoldStandard · 43 replies · 1,859+ views
    Financial Times ^ | March 22, 2009 | Phil Davis
    Pension trustees and insurance company portfolio managers look away now. Your increased commitment to government bond holdings in recent times is about to blow up spectacularly. At least, that is the view of Ron Paul, the US congressman who ran against John McCain in last year’s Republican Party presidential nomination. His is a minority view. Yields on government bonds worldwide have been falling fast over the past few months and in the UK, the commencement of “quantitative easing” this month sent bond prices soaring. But the credibility of both western governments and their currencies is waning, and has been ever...
  • Georgians could pay future state taxes in gold

    03/09/2009 4:25:20 PM PDT · by GoldStandard · 26 replies · 1,213+ views
    If a bill under review by the Georgia House becomes law, state residents might be paying 2010 taxes in gold. Now assigned to the House of Representatives’ Banks & Banking committee, HB 430, or the Constitutional Tender Act, would require the use of gold and silver coin for the repayment of debts to the state, notably all state taxes. It would also mandate that any bank conducting business with the state accept gold and silver coins as deposits. In effect, the bill seeks to revive the gold and silver standards for certain forms of state business, and Georgia would become...
  • How the Economy was Lost (Ex-Reagan treasury official confirms gold suppression scheme)

    02/24/2009 6:39:35 PM PST · by dollarbull · 21 replies · 1,670+ views
    www.gata.org ^ | 02.25.09 | Paul Craig Roberts
    The American economy has gone away. It is not coming back until free trade myths are buried 6 feet under.
  • The "Golden Indicator"

    02/22/2009 5:22:09 PM PST · by An Old Man · 38 replies · 1,762+ views
    Little-Known Trigger Predicts Huge Rally Ahead And so it happened. With CNBC's Rick Santelli doing his best to start a riot on the floor of the Chicago Mercantile Exchange, the Dow Jones Industrial Average crossed the threshold. It now sits at its lowest point in six years. Lower than the last bear market. We could get the chart guys out and debate where the next level of resistance lies, but it's pretty clear to the average American that this thing seems like it's far from over. But amidst the hubbub...amidst the talk of bank nationalization, stimulus, good banks and bad...
  • Gold fever sweeps suburbia

    02/21/2009 2:47:20 AM PST · by blueplum · 109 replies · 3,330+ views
    LA Times ^ | Feb 21st, '09 | Tiffany Hsu with Tom Petruno
    Juggling glasses of white wine and baggies filled with baubles, dozens of women descended on a well-appointed Orange County home this week to trade in their old golden treasures for hefty checks. There were earrings from ex-boyfriends, ring settings with missing stones and chain bracelets from sorority sisters. One woman brought in her husband's wedding ring -- from a previous marriage. Julia Geivet, 39, had hopes of selling an "embarrassing" Italian horn bauble she had owned since eighth grade and a few other small trinkets, which she thought might get her $30. "I figured I'd come get a little money...
  • Insight: Gold primed to be 'mania asset'

    02/22/2009 2:21:58 AM PST · by djf · 14 replies · 878+ views
    Financial Times ^ | Feb 18 2009 | Steve Ellis
    Gold is exhibiting all the classic signs of being in a structural bull market. On fears of inflation in early 2008, it rallied. Then, on fears of deflation in late 2008, it rallied again. So does gold perform better during inflation or deflation? In our view, that question is the wrong starting point. On the contrary, the rationale for owning gold, as it once again approaches the $1,000 an ounce level, is the prospect of mounting monetary disorder. The US Federal Reserve, having flooded the market with liquidity by more than doubling its balance sheet in less than six months,...
  • CASH4GOLD HAS A SUPER PITCH

    02/01/2009 8:52:12 AM PST · by COUNTrecount · 10 replies · 834+ views
    NY Post ^ | January 30, 2009 | HOLLY M. SANDERS
    Cash4Gold, best known for its cheesy, ubiquitous TV ads asking people to mail in their baubles for cash, is leaving the ranks of late-night advertisers behind and joining the big leagues. The direct marketer, whose business is one of the few to benefit from the economic downturn, has bought a 30-second spot near the end of the third quarter of the Super Bowl. Cash4Gold believes it's the first time a direct marketer - so-called because their ads incite people to pick up the phone and order the product - has jumped into the big game. While the Super Bowl is...
  • Swiss gold bullion in huge demand as trust in banks dives

    12/17/2008 9:08:29 AM PST · by LegendHasIt · 37 replies · 1,092+ views
    Mineweb ^ | 17 Dec 2008 | Arnd Wiegmann and Lisa Jucca
    Sealed off by grey concrete walls and barbed wire, the workmen in protective glasses and steel-toed boots at this smelter cannot work fast enough to meet demand from the nervous rich for gold. This refinery near Lake Lugano in the Alps is running day and night as people worried about recession rush to switch their assets into something that may hold its value. "I have been in the gold business for 30 years and I have never experienced anything like this," said Bernhard Schnellmann, director for precious metal services at the refiner Argor-Heraeus, one of the world's three largest. "Production...
  • COMEX said warning brokers about December Gold squeeze

    12/13/2008 7:18:14 AM PST · by djf · 72 replies · 2,104+ views
    GATA ^ | 12/13 | Bill Murphy
    From "Midas" Commentary by Bill Murphy LeMetropoleCafe.com Friday, December 12, 2008 I received a call this morning from a commodities broker who told me that the Comex is alerting various futures firms about the potential of a squeeze on the December contract and is advising the $840 December shorts to exit their positions. That is the remaining open position. There have been 12,636 notices of delivery. The shorts have until December 31 to make delivery. Normally they deliver early to take in cash and earn the interest. They must be delaying. As I understand the situation, that represents about 40...