Keyword: gold

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  • How To Buy Gold For $3 An Ounce

    06/20/2019 8:12:28 AM PDT · by bananaman22 · 9 replies ^ | 06-20-2019 | Ian
    What Wall Street knows as an incontrovertible truth is this: Fear is a bargain. And right now, there’s so much fear floating around the market that gold is back on everyone’s radar, with incredible bargains. Gold is trading at over $1,342 an ounce right now. So imagine buying it for $2-$3 an ounce instead. When Wall Street goes bargain hunting, it’s looking for discount gold. One way it does so is by targeting junior miners with major upside, setting short-term price targets that make these undervalued global gold assets ground zero for investors who are fleeing the next potential economic...
  • Turkey shocked over banker's arrest in New York

    03/29/2017 2:57:05 PM PDT · by Texas Fossil · 22 replies
    Al Monitor ^ | March 29, 2017 | Barin Kayaoglu
    A high-ranking official from Turkey’s second-largest state-owned bank was arrested in New York City March 27. On the orders of the acting US attorney for the Southern District of New York, Joon H. Kim, FBI agents arrested Mehmet Hakan Atilla, Halkbank’s vice president for international banking, for violating the US-led sanctions against Iran. The press release from Kim’s office accused Atilla with participating “in a years-long scheme to violate American sanctions laws by helping Reza Zarrab, a major gold trader, use U.S. financial institutions to engage in prohibited financial transactions that illegally funneled millions of dollars to Iran.” Zarrab, a Turkish citizen...
  • How 7.4 Tons of Venezuela’s Gold Landed in Africa—and Vanished

    06/18/2019 9:26:28 PM PDT · by luv2ski · 44 replies
    WSJ ^ | June 18, 2019 | Gabriele Steinhauser and Nicholas Bariyo
    ENTEBBE, Uganda—The government of Venezuelan President Nicolás Maduro is selling off his country’s gold reserves. Some of it has passed through a secretive operation in East Africa, a gambit that evades U.S. sanctions. On two early-March flights, at least 7.4 tons of gold with a market value over $300 million moved from Venezuela to a refinery in Uganda, say officials in Venezuela and Uganda, a foreign diplomat and Venezuelan opposition lawmakers, who have concluded Mr. Maduro’s government exported the ingots. The gold arrived on a Russian charter jetliner in two shipments at the international airport in Entebbe, says Ugandan national-police...
  • Safety Deposit Box

    06/14/2019 11:22:50 AM PDT · by rcofdayton · 76 replies
    Self | June 14, 2019 | rcofdayt on
    Safety deposit boxes can no longer have gold bullion or non-collectible currency
  • Fungus that draws gold from its surroundings discovered in Western Australia

    05/27/2019 5:13:13 AM PDT · by LibWhacker · 22 replies
    The Guardian ^ | 5/24/19
    Fungus that draws gold from its surroundings has been discovered in Western Australia, stunning scientists who say it could signal new deposits. Found near Boddington, south of Perth, the strain of the Fusarium oxysporum fungus attaches gold to its strands by dissolving and precipitating particles from the environment. There may be a biological advantage in doing so, as the gold-coated fungus was found to grow larger and spread faster than those that don’t interact with the precious metal. “Fungi are well-known for playing an essential role in the degradation and recycling of organic material, such as leaves and bark, as...
  • Back to the gold standard?

    05/15/2019 1:05:16 PM PDT · by skimbell · 49 replies
    American Thinker ^ | 5-15-19 | Nathan Williamson
    ...nearly two centuries of American adherence to the gold standard created both a stable currency and one of the wealthiest nations in history. He further noted shortly after Congressman Mooney first introduced the gold standard bill in 2018 that "[t]he dollar's value has declined to one-thirtieth of what it was in 1970, compared to gold...
  • Ancient Neutron-Star Crash Made Enough Gold and Uranium to Fill Earth's Oceans

    05/13/2019 7:30:37 PM PDT · by ETL · 36 replies ^ | May 8, 2019 | Charles Q. Choi
    Enough gold, uranium and other heavy elements about equal in mass to all of Earth's oceans likely came to the solar system from the collision of two neutron stars billions of years ago, a new study finds. If the same event were to happen today, the light from the explosion would outshine the entire night sky, and potentially prove disastrous for life on Earth, according to the new study's researchers. Recent findings have suggested that much of the gold and other elements heavier than iron on the periodic table was born in the catastrophic aftermath of colliding neutron stars,...
  • Resolving the 'invisible' gold puzzle

    05/01/2019 9:17:02 PM PDT · by SunkenCiv · 14 replies
    Phys dot org ^ | Wednesday, May 1, 2019 | Helmholtz Association of German Research Centres
    The Carlin-type gold deposits in Nevada, U.S., are the origin of five percent of the global production and 75 percent of the U.S. production of gold. In these deposits, gold does not occur in the form of nuggets or veins, but is hidden—together with arsenic—in pyrite, also known as "fool's gold." A team of scientists from the Helmholtz Centre Potsdam—German Research Centre for Geosciences GFZ has now shown experimentally, for the first time that the concentration of gold directly depends on the content of arsenic in the pyrite. The results were published in the journal Science Advances. In the Earth's...
  • A theoretical question.

    04/15/2019 9:42:27 PM PDT · by Jonty30 · 34 replies
    I'm just curious, off hand. If I found a vein of gold in an undisclosed location, and I mined it for all its worth, how would I get the gold onto the market and retire? I don't have any gold, but I'm just curious about the process.
  • Dubai Airport Gold Fever (yours for the taking)

    04/01/2019 10:47:15 AM PDT · by Red Badger · 8 replies ^ | April 1, 2019 1:30 pm | Kane
    Dubai Airport. Gold Fever. Take Me If You Can. Free gold bar........IF you can get it out................. Video at link..................
  • Majority of bitcoin trading is a hoax, new study finds

    03/22/2019 9:59:46 AM PDT · by NRx · 29 replies
    CNBC ^ | 03-22-2019 | Kate Rooney
    New research is casting even more doubt on the legitimacy of bitcoin trading. An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges. The survey, first reported by The Wall Street Journal, echoes concerns by regulators that cryptocurrency markets are still ripe for manipulation. Bitwise, an asset manager in the process of trying to list the first-ever bitcoin exchange traded fund, said it met with the Securities and Exchange Commission on Tuesday to discuss its application. As a part of the process, it submitted analysis that could help regulators cut...
  • An anchor thought to be from a shipwreck carrying a billion pounds of treasure has been found...

    03/05/2019 12:31:49 PM PST · by Red Badger · 52 replies ^ | Monday March 4th 2019 | Josh Barrie
    'There will be people going after the treasure' In brief The Merchant Royal sank in 1641 while carrying gold bars and Mexican silver In today's money, the ship's cargo would be worth in excess of Ł1 billion An expert scuba diver said people should be cautious about treasure hunting in dangerous seas A scuba-diving treasure hunter said he now fears a “dangerous” gold rush after what is thought to be the anchor of the most valuable British shipwreck in history was found off the coast of Cornwall. The anchor is believed to be that of the Merchant Royal, which sank...
  • Anchor from 'most valuable shipwreck in history' found

    03/05/2019 5:08:55 PM PST · by robowombat · 12 replies
    Fox News ^ | March 5, 2019 | James Rogers
    Anchor from 'most valuable shipwreck in history' found Anchor found off of U.K. coast could be from one of Britain’s richest ship wrecks An anchor brought up in a trawler's fishing nets off the coast of the U.K. is reportedly from a 17th-century shipwreck. The anchor is believed to be from the Merchant Royal, which has been described as one of Britain’s richest wrecks, carrying cargo worth around $10.5 million. SWNS reports that the anchor, believed to be from the Merchant Royal, was brought up in a fishing vessel’s net 20 miles off Land's End, Cornwall. The merchant ship sank...
  • US warns Turkey against Venezuelan ‘blood gold’

    02/13/2019 8:04:22 AM PST · by Texas Fossil · 8 replies
    Kurdistan 24 (K24 news) ^ | February 10-2019 08:49 PM | Laurie Mylroie
    WASHINGTON DC (Kurdistan 24) – The US Treasury Department’s Assistant Secretary for Terrorist Financing, Marshall Billingslea, visited Turkey last week. His primary concern was enforcing sanctions on Iran, but while there, he warned Turkish business leaders against trading in Venezuelan “blood gold,” Bloomberg News reported on Friday. Venezuela has emerged as yet another point of dispute between Washington and Ankara, as the US recognizes National Assembly leader Juan Guaido, as the country’s legitimate president, and Turkey, along with Russia, China, and Iran, back Venezuelan strong man, Nicolas Maduro. Close ties between Ankara and Caracas are relatively new, dating back to...
  • Our friends the Turks: Hiding Venezuela's gold for Maduro?

    02/11/2019 7:20:50 AM PST · by SeekAndFind · 10 replies
    American Thinker ^ | 02/11/2019 | Monica Showalter
    Yes, we expect places such as Russia and Iran to stick up for Venezuela's hellhole regime, along with its fellow Latin socialist hellholes Cuba, Bolivia, and Nicaragua.  But Bloomberg is reporting that U.S. NATO ally Turkey seems to be all in for helping Nicolás Maduro spirit the nation's gold out of the country for his potentially comfortable retirement.  The picture emerges of a dictator about to make off with the light bulbs on the way out. div class="article_body bottom mrf-hidden"> Back around when Maduro was eating that big steak dinner in Istanbul in front of Venezuelans for an Instagram post, here's what had been really going on, as Bloomberg...
  • Siberian Gold Find Brightens Ruble’s Future

    02/08/2019 12:19:29 PM PST · by DUMBGRUNT · 24 replies
    WSJ ^ | 7 Feb 2019 | Thomas Grove
    “This is the Holy Grail of gold mining effectively, given the quality and given the scale,” The news is good for both Polyus and the Russian government. Unlike other producers that move their bullion on world markets, Polyus sells its gold exclusively to large Russian state banks, which then resell it to the country’s central bank. Once mining begins, the bank can use the mine’s gold to support its ruble currency or sell it for extra foreign currency in times of crisis. According to Polyus, Sukhoi Log is likely to be producing more than 1.6 million ounces of gold every...
  • Exclusive: Venezuela prepares to fly tonnes of central bank gold to UAE - source

    01/31/2019 11:34:30 AM PST · by Oldeconomybuyer · 40 replies
    Reuters ^ | January 31, 2019 | by Corina Pons
    CARACAS - Venezuela will sell 15 tonnes of gold from central bank vaults to the United Arab Emirates in coming days in return for euros in cash, a senior official with knowledge of the plan said, in a bid by the cash-strapped country to stay solvent. The sale of gold reserves that back the Bolivar currency began on Jan. 26 with a shipment of 3 tonnes, the official said, and follows the export last year of $900 million of unrefined gold to Turkey.
  • Mystery arrival of Russia jumbo jet to Caracas fuels rumors Maduro looking to relocate gold reserves

    01/30/2019 7:20:50 PM PST · by Candor7 · 56 replies
    Japan Times ^ | 31 January 2019 | AP Staff
    <p>CARACAS - The surprise arrival of a giant Russian passenger plane to Venezuela amid a wave of anti-government unrest is fueling intrigue on social media and charges by the opposition that President Nicolas Maduro’s administration is looking to shuttle abroad what’s left of the country’s depleted gold reserves.</p>
  • $840M in gold bars prepared for loading onto Russian jet at Venezuelan airport: report

    01/30/2019 7:23:18 AM PST · by McGruff · 42 replies
    Fox News ^ | 1/30/2019 | Edmund DeMarche
    About 20 tons of gold from Venezuela's central bank was ready to be hauled away Tuesday on a Russian airline's Boeing 777 that landed in Caracas a day earlier, a Venezuelan lawmaker wrote on Twitter. The destination of the $840 million in gold bars was unknown, but a source told Bloomberg News that it represented about 20 percent of the country's holding of the metal. The gold was set aside for loading, the report said. The news outlet, which first reported on the tweet, identified the lawmaker as Jose Guerra. The lawmaker did not provide evidence for his claim but...
  • $840M In Gold Bars Prepared For Loading Onto Russian Jet At Venezuelan Airport: report

    01/30/2019 7:37:13 AM PST · by Enlightened1 · 43 replies
    Fox News ^ | 01/30/19
    About 20 tons of gold from Venezuela's central bank was ready to be hauled away Tuesday on a Russian airline's Boeing 777 that landed in Caracas a day earlier, a Venezuelan lawmaker wrote on Twitter.