http://www.freerepublic.com/tag/gold/ en-us Sat, 11 Oct 2008 15:28:58 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-news/2103128/posts My wife wants to own at least $10,000 of gold. She has never trusted stocks much, and recent events have made her more concerned. I have told her about the Gold ETF (symbol: GLD) and about gold futures contracts, but she does not want "paper". So I suppose we could buy gold coins or gold bullion and store it in a bank safe deposit box or a safe at home. How do the Freepers who invest in gold do it? How do you sell when the time comes? We are of Indian origin. Indians (especially women) cherish gold. As India... http://www.freerepublic.com/focus/f-news/2103128/posts#comment Sat, 11 Oct 2008 15:28:58 GMT http://www.freerepublic.com/focus/f-news/2101795/posts Central banks have all but stopped lending gold to commercial and investment banks and other participants in the precious metals market, in a move that on Tuesday sent the cost of borrowing bullion for one-month to more than twenty times its usual level. The one-month gold lease rate rocketed to 2.649 per cent, its highest level since May 2001 and significantly above its five-year average of 0.12 per cent, according to data from the London Bullion Market Association. Gold lease rates for two, three and six months and for a year also jumped to levels not seen in the last... Financial TImes http://www.freerepublic.com/focus/f-news/2101795/posts#comment Thu, 9 Oct 2008 23:16:13 GMT http://www.freerepublic.com/focus/f-news/2101374/posts Better late than never. A half-point cut in global interest rates may not halt the slide into a debt deflation, but at least we can hope to avoid the errors of the Great Depression. .... The US government has become a bank. Yes, this is US socialism. What is the alternative? The Telegraph http://www.freerepublic.com/focus/f-news/2101374/posts#comment Thu, 9 Oct 2008 15:05:05 GMT http://www.freerepublic.com/focus/f-news/2100945/posts Gold rallies anew on inflation fears amid rate cuts By Moming Zhou, MarketWatch Last update: 4:15 p.m. EDT Oct. 8, 2008 SAN FRANCISCO (MarketWatch) -- Gold futures closed above $900 per ounce Wednesday to tally a three-session rise of 8.8% as investors sought refuge against inflation after major central banks around the world cut interest rates in concert. The Federal Reserve, European Central Bank and four other central banks lowered interest rates in a coordinated effort to combat world's deepening financial turmoil. "Coordinated central bank aggressive interest rate cuts should lead to gold surging in value in the coming months"... Market Watch http://www.freerepublic.com/focus/f-news/2100945/posts#comment Thu, 9 Oct 2008 00:41:58 GMT http://www.freerepublic.com/focus/f-news/2100056/posts NEW YORK, Oct 7 (Reuters) - Unprecedented demand for precious metals and volatile markets forced the U.S. Mint to cease production for the half-ounce and quarter-ounce popular American Eagle gold coins for the rest of this year and to supply other bullion coins on an allocation basis. "Due to the extreme fluctuating market conditions for 2008, as well as current market conditions, gold and silver demand is unprecedented and the demand for platinum is unusually high," the U.S. Mint said Monday in a memorandum to its authorized coin dealers. "The U.S. Mint has worked diligently to attempt to meet demand,... Reuters http://www.freerepublic.com/focus/f-news/2100056/posts#comment Wed, 8 Oct 2008 01:12:58 GMT http://www.freerepublic.com/focus/f-news/2098027/posts Tucked away beside the ornate entrance of the Savoy hotel in London are the discreet premises of ATS Bullion. Over the last few days staff there have witnessed an unprecedented phenomenon: queues. The customers are wary savers looking to build their own solution to the global financial crisis and the parlous state of the banking system. They are buying gold. "There has been enormous demand," said Sandra Conway, managing director at ATS, one of the UK's leading gold coin and bar merchants. "There are very few sellers of physical gold and we have actually had queues of people today." The... The Guardian http://www.freerepublic.com/focus/f-news/2098027/posts#comment Sun, 5 Oct 2008 16:47:28 GMT http://www.freerepublic.com/focus/f-news/2097781/posts When credit markets seize up, when financial instruments disintegrate, when the dollar fails -- it's not because Alan Greenspan was not sufficiently omniscient. He wasn't, true. But no one ever was. No one ever could be.If capitalism depends on designating a person of godlike abilities to manage demand and supply for all forms of money and credit -- currency, demand deposits, money-market funds, repurchase agreements, equities, mortgages, corporate debt -- we are as doomed as those wretched citizens who relied on central planning for their economic salvation The Wall Street Journal http://www.freerepublic.com/focus/f-news/2097781/posts#comment Sun, 5 Oct 2008 03:43:28 GMT http://www.freerepublic.com/focus/f-news/2097269/posts Dear BullionVault user, It's been a few months since I wrote. Here are some thoughts on the credit crunch, and an important bit about our own banking arrangements here at BullionVault. ========== The Crunch ========== Britain's Prime Minister, Gordon Brown, says the current mess is the fault of "irresponsible" bankers. Well, he would say that, wouldn't he? Let's not forget that Mr.Brown claimed the credit for 10 years of unbroken growth. For those 10 years he copied Alan Greenspan by holding interest rates unusually low to encourage investment and demand, which is a near-sighted economist's way of avoiding mild recessions.... Bullion Vault http://www.freerepublic.com/focus/f-news/2097269/posts#comment Sat, 4 Oct 2008 08:55:27 GMT http://www.freerepublic.com/focus/f-news/2095940/posts Ty Andros, Tedbits The greatest transfer of wealth from those that store their wealth in paper to those that don't is unfolding. ALL markets will have to price in the reality that the G7 in general and the financial and banking industries in particular (there are exceptions to this) are INSOLVENT. Rather than default through the normal process they will default through the printing press. Ted Butler, Investment Rarities This week I received an e-mail from a Swiss money manager, a friend and trusted source. He informed me that a very large and conservative Swiss bank had informed a number... Various http://www.freerepublic.com/focus/f-news/2095940/posts#comment Thu, 2 Oct 2008 17:56:10 GMT http://www.freerepublic.com/focus/f-news/2094541/posts Investors in gold are demanding “unprecedented” amounts of bullion bars and coins and moving them into their own vaults as fears about the health of the global financial system deepen. Industry executives and bankers at the London Bullion Market Association annual meeting said the extent of the move into physical gold was unseen and driven by the very rich. “There is an enormous pick-up in investment demand. I have never seen a market like this in my 33-year career,” said Jeremy Charles, chairman of the LBMA. “The gold refineries cannot produce enough bars.” The move comes as fears grow among... Financial Times http://www.freerepublic.com/focus/f-news/2094541/posts#comment Wed, 1 Oct 2008 02:50:46 GMT http://www.freerepublic.com/focus/f-news/2094236/posts The doom and gloom crowd was piling on after a record one-day 777-point drop in the Dow Jones Industrial Average (DJIA). David Tice, who manages the $1.1 billion Prudent Bear Mutual Funds from the Virgin Islands, offered a bleak assessment of the financial future in an interview with Bloomberg TV anchor Carol Massar on Sept. 30. “Unfortunately Carol, we don’t believe that the pain is over,” Tice said. “We think that we’re going to have to pay for the excesses of really the last five to 10 years of this excessive credit growth with a dramatic slowdown in the economy,... businessandmedia.org http://www.freerepublic.com/focus/f-news/2094236/posts#comment Tue, 30 Sep 2008 20:08:55 GMT http://www.freerepublic.com/focus/f-news/2094025/posts (CEP News) - Gold is currently the sole commodity selling off on Tuesday morning, in sharp contrast to Monday when it was rallying. Chicago Board of Trade (CBOT) gold is trading down $16.60 per ounce to $877.80 USD, as markets hope for a revised bailout plan that will eventually be passed by the U.S. House of Representatives following yesterday's surprise development. "Yesterday's turmoil in the financial markets was true testimony to gold's status as a safe-haven asset, with the surprise rejection by U.S. Congress of the proposed $700bn bailout plan inducing fear in risky assets but supporting a close back... CEP http://www.freerepublic.com/focus/f-news/2094025/posts#comment Tue, 30 Sep 2008 16:30:43 GMT http://www.freerepublic.com/focus/f-news/2093520/posts European central banks have cut their sales of gold to the lowest level in almost a decade, reversing the practice of recent years when hefty sales helped depress prices. Institutions bound by the Central Bank Gold Agreement – the banks of the eurozone plus Sweden and Switzerland – sold about 343 tonnes of gold in the year that expired on Friday, the lowest amount since the first CBGA was signed in 1999. This compares with 475.8 tonnes in the year to the end of September 2007. Under the agreement, the banks are allowed to sell up to 500 tonnes of... FT http://www.freerepublic.com/focus/f-news/2093520/posts#comment Tue, 30 Sep 2008 00:07:37 GMT http://www.freerepublic.com/focus/f-bloggers/2093166/posts GOLD, GOD, AND OBAMA Will Rogers, the Garrison Keillor of a distant generation, famously said that he wasn’t a member of any organized political party, since he was a Democrat, and that people should invest in real estate since it’s the only thing not being made anymore. In this market, I wouldn’t invest in real estate, or bonds, or most common stocks; I’d buy gold, silver, and other precious metals and stuff them under your mattress until things shake out. (See: http://money.aol.com/.) ……………………………………………………………………………………. Rush A-home-a: Just because the legislation represents the most significant excursion into socialism in our nation’s history,... http://www.freerepublic.com/focus/f-bloggers/2093166/posts#comment Mon, 29 Sep 2008 16:32:53 GMT http://www.freerepublic.com/focus/f-news/2092001/posts The U.S. Mint is temporarily halting sales of its American Buffalo 24-karat gold coins because it can't keep up with soaring demand as investors seek the safety of gold amid economic turbulence. The 1-ounce coin has a face value of $50 but is priced for sale according to the fluctuating value of gold. SF Chronicle http://www.freerepublic.com/focus/f-news/2092001/posts#comment Sat, 27 Sep 2008 22:19:26 GMT http://www.freerepublic.com/focus/f-news/2091978/posts The U.S. Mint is temporarily halting sales of its American Buffalo 24-karat gold coins because it can't keep up with soaring demand as investors seek the safety of gold amid economic turbulence. The 1-ounce coin has a face value of $50 but is priced for sale according to the fluctuating value of gold. sfgate http://www.freerepublic.com/focus/f-news/2091978/posts#comment Sat, 27 Sep 2008 21:33:32 GMT http://www.freerepublic.com/focus/f-religion/2091560/posts With the economy and money and the preoccupation (along with their veneration) joining the ranks of other "dark signs of the times" I offer this little glimmer of insightful light. Contrary to the delusional adage: "You can't take it with you" --- quite to the contrary --- we most certainly can, and do, take it with us. That is, our money, but more precisely, "our greed for money". Or, to use the more universal and timeless wording for money as found in the Scriptures, - "silver and gold". So let it be known --- "WE CAN TAKE IT WITH US"... http://www.freerepublic.com/focus/f-religion/2091560/posts#comment Sat, 27 Sep 2008 03:48:16 GMT http://www.freerepublic.com/focus/f-news/2090859/posts http://www.canada.com/topics/news/world/story.html?id=7ef5202a-15d8-4a2e-ae85-41U.S. Mint suspends Buffalo gold coins after depletion Reuters Published: Thursday, September 25, 2008 NEW YORK - The U.S Mint said Thursday it was temporarily suspending sales of American Buffalo 24-karat gold one-ounce bullion coins because strong demand depleted its inventory. "Demand has exceeded supply for American Buffalo 24-karat gold one-ounce bullion coins, and our inventories have been depleted. We are, therefore, temporarily suspending sales of these coins," the Mint said in a memorandum to authorized American Buffalo dealers. The Mint also told dealers that it would work to build up its inventory to resume sales shortly. Email to a... http://www.canada.com/topics/news/world/story.html?id=7ef5202a-15d8-4a2e-ae85-4128914674e1 http://www.freerepublic.com/focus/f-news/2090859/posts#comment Fri, 26 Sep 2008 06:01:56 GMT http://www.freerepublic.com/focus/f-news/2088611/posts …In his press conference, Paulson assured us that this plan was designed to safeguard our savings. But in typical government fashion, the plan will have the reverse effect as savings is wiped out through inflation... ...Paulson's distress and confusion was clearly evident when he fielded questions from reporters. The first asked Paulson to describe his fears regarding the probable economic consequences of government inaction. Paulson provided no answer and promptly exited stage right… …While it is dizzying to predict how this plan will be implemented, it is fairly simple to foresee the macroeconomic consequences. The U.S. dollar will be shattered... Free Market News Network http://www.freerepublic.com/focus/f-news/2088611/posts#comment Tue, 23 Sep 2008 17:39:16 GMT http://www.freerepublic.com/focus/f-news/2087936/posts Just a Few Blocks From the Bustle of Wall Street Sits $200 Billion in Gold NEW YORK -- Gold. It's one of the oldest and most prized possessions we have. Egyptian pharaohs were buried with it, the Romans traded it and gold is even mentioned as a gift in the Bible. As stocks plummet and many realize they don't understand how their money is invested, some on Wall Street are turning to gold as a haven. Who can blame them? Gold is something you can see, hold and fully understand. In the last two days, the price of gold shot... ABC News http://www.freerepublic.com/focus/f-news/2087936/posts#comment Mon, 22 Sep 2008 20:41:26 GMT http://www.freerepublic.com/focus/f-chat/2086976/posts An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense - perhaps more clearly and subtly than many consistent defenders of laissez-faire - that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other. In order to understand the source of their antagonism, it is necessary first to understand the specific role of gold in a free society. 321Gold http://www.freerepublic.com/focus/f-chat/2086976/posts#comment Sun, 21 Sep 2008 10:31:48 GMT http://www.freerepublic.com/focus/f-news/2084445/posts NEW YORK (MarketWatch) -- Gold futures surged more than $68 an ounce on Wednesday, the most since 1980, as news of the U.S. government's takeover of the biggest U.S. insurance company and worries about other financial institutions worldwide fueled massive safe-haven buying. Gold for December delivery was last up $63.90, or 8.2%, to $844.40 an ounce. It earlier jumped to $849.00, or as much as $69.50 an ounce. This would represent gold's biggest one-day jump in dollar terms since 1980, when the precious metal began trading on the Comex division of the New York Mercantile Exchange. MarketWatch http://www.freerepublic.com/focus/f-news/2084445/posts#comment Wed, 17 Sep 2008 17:24:11 GMT http://www.freerepublic.com/focus/f-news/2084478/posts LONDON (Reuters) - Gold rallied nearly 7 percent on Wednesday to a two-and-a-half-week high of $830.10 an ounce, as a wave of risk aversion triggered buying of the precious metal as a safe haven and oil prices climbed. Kitco http://www.freerepublic.com/focus/f-news/2084478/posts#comment Wed, 17 Sep 2008 18:14:58 GMT http://www.freerepublic.com/focus/f-news/2079302/posts Gold futures ended at their lowest level in nearly 11 months Wednesday as the U.S. dollar strengthened, losing ground for an eighth straight session and tying a seven-year record for a string of losses. Gold for December delivery fell $29.50, or 3.7%, to $762.50 an ounce on the Comex division of the New York Mercantile Exchange, the lowest closing level since Oct. 24, 2007. Gold futures also dropped for eight straight sessions in August, the longest losing streak since May 2001. It ended August's trading down nearly $90, the biggest monthly loss ever in dollar terms. Sector sentiment is very... Market Watch http://www.freerepublic.com/focus/f-news/2079302/posts#comment Wed, 10 Sep 2008 20:19:28 GMT http://www.freerepublic.com/focus/f-news/2078247/posts Gold futures fell for a seventh straight session Tuesday, sliding to the lowest in nearly 10 months, as falling crude-oil prices reduced investment demand for gold as a hedge against inflation. Other metals contracts also felt selling pressure. Gold for December delivery sank $16.70, or 2.1%, to $785.80 an ounce ... In the energy market, crude futures fell more than $2 to below $105 a barrel MarketWatch http://www.freerepublic.com/focus/f-news/2078247/posts#comment Tue, 9 Sep 2008 17:32:53 GMT