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Keyword: silver

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  • Obamacare Deductible for Subsidized NOT $6,000

    10/30/2015 4:18:47 PM PDT · by Sequoyah101 · 66 replies
    Vanity | 10/30/15 | Self
    Hello all you other gainfully employed chumps paying for your own health care insurance. I just wanted you to know something I've found out. If you have a BRONZE plan like I do, because you are paying for it yourself and can't afford anything else, you are paying a $6,000 deductible per person before you can file a single claim to perhaps get any benefit. Meanwhile, people who have subsidized plans because they aren't working or not working or not earning very much get the vaunted SILVER plan! And you are paying for it. You are paying for a plan...
  • Treasury Sells 3-Month Bills At 0% Yield For First Time Ever

    10/10/2015 4:16:27 PM PDT · by Lorianne · 77 replies
    Zero Hedge ^ | 06 October 2015 | Tyler Durden
    "Investors" are so desperate to hold on to short-term paper that they paid $100 for a 3-month Treasury-bill at today's auction. That is a 0% yield - for the first time ever - lower even than the auction right after Lehman's bankruptcy in Nov 2008. It is probably safe to say that NIRP is next, followed by more negative yields further to the right of the curve, as the US gradually becomes Europe. But don't worry: as Yellen admitted during her healthcare-scare speech, "nominal interest rates cannot go much below zero", just a little.
  • Crossing Borders with Gold and Silver Coins - a Glimpse of Things to Come

    09/13/2015 8:46:23 AM PDT · by Rockitz · 49 replies ^ | September 2015 | Doug Casey
    It’s well-known that you have to make a declaration if you physically transport $10,000 or more in cash or monetary instruments in or out of the US, or almost any other country; governments collude on these things, often informally. Gold has always been in something of a twilight zone in that regard. It’s no longer officially considered money. So it’s usually regarded as just a commodity, like copper, lead, or zinc, for these purposes. The one-ounce Canadian Maple Leaf and US Eagle both say they’re worth $50 of currency. But I’ve recently had some disturbing experiences crossing borders with coins....
  • Silver Is Soaring

    08/27/2015 10:11:30 AM PDT · by blam · 16 replies
    Zero Hedge ^ | 8-27-2015 | Tyler Durden
    Tyler Durden 08/27/2015 Shortly before 10amET, amid USD strength, futures prices for Copper, Crude, and Silver suddenly started spiking higher...(snip)
  • Local martial arts students bring home medalse from Worlds Soo Do Family World Championships

    08/10/2015 1:48:53 PM PDT · by SandRat · 4 replies
    Sierra Vista Herald ^ | Staff/HERALD REVIEW
    Members of Sierra Vista’s Choson Martial Arts took part in the recent 4th Biennial Worldwide Tang Soo Do Family World Championships in Las Vegas. The event brought Tang Soo Do practitioners from 12 different countries: Aruba, Belgium, Chile, Germany, Great Britain, Greece, Malaysia, Netherlands, Poland, Republic of South Africa, Scotland and the USA. More than 600 competitors and masters participated in the world-class tournament. Team Choson, representing the US team, and brought home one gold medal, one silver and one bronze. This was their first ever competition at the international level, and medals were awarded in the forms and sparring...
  • Inflation deniers emboldened by gold's struggles

    07/28/2015 9:08:00 PM PDT · by BenLurkin · 6 replies ^ | July 28, 2015 | Clint Siegner
    The deflationists argue that hugely accommodative monetary policy in the U.S., Japan (and nearly everywhere else in the world) has failed to produce real growth. Debt and obligations to social programs such as Medicare and pensions are so massive they can’t be paid. Therefore, according to deflation forecasters, they won’t be. Their predictions of default and accompanying bank failures, bankruptcies, and surging unemployment were bolstered by recent news out of Greece. Falling commodity prices and economic malaise have reemerged. They claim zero interest rate policy and quantitative easing merely delayed the inevitable for a bit. The inflation camp shares the...
  • Bullion Direct Files Chapter 11 Bankruptcy

    07/20/2015 4:40:07 PM PDT · by ponygirl · 16 replies ^ | 7/16/2015 | Unknown
    BullionDirect, Inc. has filed a petition for Chapter 11 bankruptcy. The case is 15-10940-tmd in the U.S. Bankruptcy Court of the Western District of Texas (Austin). Noteworthy is that BullionDirect, Inc. now has only one direct, Dan Bensimon (President, Chief Restructuring Officer and Sole Director). I find this encouraging. It also only lists 11 unsecured creditors in the list of the 20 largest unsecured claims. This may be due to the fact that it is a Chapter 11 (e.g. Kitco's CCAA/bankruptcy filing did not include customers as creditors, as their storage customers did not appear on their balance sheet). But...
  • Texas Launches Gold-backed Bank, Challenging Federal Reserve

    07/15/2015 4:37:37 PM PDT · by VitacoreVision · 55 replies
    The New American ^ | 15 July 2015 | Alex Newman
    The State of Texas is setting up a gold-backed bank that will allow depositors to bypass the controversial Federal Reserve System and its fiat currency in banking and commerce, according to the state representative who authored the recently enacted law. Under the measure, passed overwhelmingly by lawmakers and signed in mid-June by Republican Governor Greg Abbott, Lone Star State officials will establish and operate the Texas Bullion Depository for anyone who would like to deposit and trade in precious metals. The implications are as big as Texas.While some analysts have said the move may be another sign heralding Texas’ eventual...
  • Video: Would you rather have a Hershey bar or a 10-ounce bar of silver?

    07/13/2015 1:47:54 PM PDT · by Kaslin · 21 replies
    Hot ^ | July 13, 2015 | ALLAHPUNDIT
    Via the IJR, a timewaster while we wait for John Kerry to secure peace in our time in Vienna, the terms of which are reportedly shaping up exactly as you’d expect. This clip is interesting (assuming the interactions are genuine, which I think they are) but not for the reason intended. You’re supposed to conclude, I guess, that Americans are abject morons in assessing the value of precious metals and/or that Americans are big fat fatties in preferring a quick hit of chocolate to something inedible that’s worth much more. I don’t think it proves either. Many people are morons,...
  • Discovery of metal vessels "will change the story about Chachapoyas"

    06/24/2015 8:52:00 PM PDT · by SunkenCiv · 33 replies
    Peru This Week ^ | June 23, 2015 | Hillary Ojeda
    Metals had never been found in Chachapoyas before the finding of these two vessels. They might not be as sacred as the Holy Grail, but two metal vessels recently discovered in Chachapoyas are turning heads in regards to understanding the region’s ancient history. “The Finding of these vessels will change the story about Chachapoyas” the Decentralized Department of Culture of the Amazonas head, Jose Santos Trauco Ramos, told El Comercio. The discovery of two silver vessels in the Soloco Purunllacta in Chachapoyas of the Amazonas department are unlike anything the archaeological team has found in its history. Investigations until this...
  • Scientists Identify Mysterious, Sword-Filled Caribbean Shipwreck

    05/13/2015 6:44:07 PM PDT · by ckilmer · 33 replies
    huffingtonpost ^ | Posted: 05/13/2015 3:02 pm EDT | By Ryan Grenoble
    In 2011 archaeologists happened upon a stunningly well-preserved shipwreck off the coast of Panama. The wreckage, a mere 40 feet underwater, was untouched by looters and still carrying a full load of tools and weapons. Now, after years of work, scientists finally know the ship's story.
  • More Precious than Silver or Gold – Meditation on the Spiritual Work of Mercy-Instruct the Ignorant

    04/30/2015 7:31:11 AM PDT · by Salvation · 9 replies
    Archdiocese of Washington ^ | 04-30-15 | Msgr. Charles Pope
    More Precious than Silver or Gold – A Meditation on the Spiritual Work of Mercy to Instruct the Ignorant By: Msgr. Charles PopeTo instruct comes from the Latin in + struere, which means to build up or (even more literally) to pile up. In English, there is also the notion of strewing something. For example, to strew hay or to say that the seed has been strewn. Thus, to instruct means to disperse knowledge or build someone up in what is learned.These days, the word “ignorant” is most often used in a negative or pejorative sense. And thus to say that someone is ignorant usually...
  • Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History?

    04/28/2015 8:59:46 AM PDT · by SeekAndFind · 30 replies
    TEC ^ | 04/28/2015 | Michael Snyder
    Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great investment. But in recent times, the price of silver has actually fallen quite a bit. As I write this, it is sitting at the ridiculously low price of $15.66 an ounce. So up to this point, JP Morgan’s investment in silver has definitely not...
  • Second Temple Coin Used For 1/2 Shekel Found in Jerusalem Dig

    03/24/2008 10:17:25 AM PDT · by Between the Lines · 5 replies · 277+ views
    INN ^ | 17 Adar Bet 5768, March 24, '08 | Ezra HaLevi
    ( A coin from the Second Temple, used in the half-shekel census, was found in excavations in the City of David, just below and east of Jerusalem’s Old City. The upcoming Purim festival features the half-shekel prominently in its observance. The ancient silver coin was discovered in an archaeological excavation that is being conducted in the main Second Temple-era drainage channel of Jerusalem. The foreign coin is of the denomination used during the turbulent Second Temple period to pay the Biblical half-shekel head-tax. This coming Thursday night (Saturday night for Jerusalemites), before reading the Megillah (Scroll) of Esther, Jews worldwide...
  • The Stalinist purge of the Democrat party

    03/06/2015 1:13:27 PM PST · by shoff · 64 replies
    The Examiner ^ | 03/06.2015 | Steven Hoffman
    In Soviet Russia for a period of four years a great terror overcame the communist party in what later became known as the great purge. It was the culmination of years of social engineering ending in the consolidation of Stalin’s brand of communism having ultimate power. We are seeing something very similar happening in the democrat party today. After six years of “change” the Chicago progressives want to consolidate their power for the 2016 run at the presidency.
  • Big Banks Face Scrutiny Over Pricing of Metals

    02/23/2015 7:13:49 PM PST · by Theoria · 7 replies
    WSJ ^ | 23 Feb 2015 | Jean Eaglesham and Christopher M. Matthews
    U.S. Justice Department investigates price-setting process for gold, silver, platinum and palladium U.S. officials are investigating at least 10 major banks for possible rigging of precious-metals markets, even though European regulators dropped a similar probe after finding no evidence of wrongdoing, according to people close to the inquiries. Prosecutors in the Justice Department’s antitrust division are scrutinizing the price-setting process for gold, silver, platinum and palladium in London, while the Commodity Futures Trading Commission has opened a civil investigation, these people said. The agencies have made initial requests for information, including a subpoena from the CFTC to HSBC Holdings PLC...
  • Feds probe NYC civil court following Silver’s arrest (can you say kickback?)

    02/01/2015 5:33:39 AM PST · by Liz · 14 replies
    NYPOST.COM ^ | 2/1/15 | Isabel Vincent, Melissa Klein and Susan Edelman
    The American Tort Reform Assn calls NYC's asbestos court the nation’s top “judicial hellhole”. Silver has been blocking tort-reform bills for decades. Silver's arrest centers on his no-show legal work for asbestos-profiteer, Weitz and Luxemberg, (as well as millions in bribes and kickbacks from fixing real-estate cases)..... judges with ties to Silver and his lifelong pal, Jonathan Lippman, the chief judge of the state Court of Appeals, presided over the cases. Silver was “of counsel” to Weitz & Luxemberg which earned unusual fast-track “red-carpet treatment” “better judges” and first dibs on jurors. Sherry Klein Heitler, the chief asbestos judge (at...
  • Democrats jockeying behind the scenes to replace Speaker Sheldon Silver in New York Assembly

    01/25/2015 3:01:52 PM PST · by Libloather · 7 replies
    NY Daily News ^ | 1/25/15 | Kenneth Lovett
    ALBANY — The early jockeying to possibly replace embattled Assembly Speaker Sheldon Silver has already begun, the Daily News has learned. A state assemblyman from the city said he has received calls directly from Assembly Majority Leader Joseph Morelle, and surrogates of Assemblyman Carl Heastie (D-Bronx) and Keith Wright (D-Manhattan) in recent days to gauge his feelings on the uncertainty in the chamber. None of the three directly told the assemblyman that they were looking to topple Silver. Morelle did say he'd be interested in being a candidate for the speaker position should Silver step down or be pushed out...
  • Assembly Speaker Sheldon Silver's arrest is blow to progressive activists (& other crooks)

    01/25/2015 4:45:47 AM PST · by Libloather · 22 replies
    NY Daily News ^ | 1/24/15 | Kenneth Lovett, Glenn Blain
    ALBANY — Assembly Speaker Sheldon Silver’s arrest was a blow to the gut of the progressive activists who viewed the powerful Manhattan Democrat as their champion. Advocates on issues ranging from rent control to abortion rights have been left wondering whether Silver can still wield the clout they’ve come to expect over two decades. “I am very much concerned,” said Michael McKee, treasurer of the Tenants Political Action Committee. “He is the only one of the three men in a room who would be inclined to hold out for something better on rent regulations,” McKee said. Silver’s arrest on bribery...
  • Bharara: NYers should be outraged over corrupt politicians

    01/24/2015 2:56:52 PM PST · by 9thLife · 29 replies
    NY Post ^ | January 23, 2015 | 12:52pm | Antonio Antennuci , Sophia Rosenbaum and Laura Italiano
    Get angry, New York. ...“We simply want people in high office to stop violating the law. People elected to make laws should not be breaking them.” ...“Money often seems to be at the core of the problem.” ...“We had a case against City Councilman Dan Halloran, which you may remember,” Bharara said, referring to the Queens Republican convicted last July in a $200,000 bribery scheme. “After allegedly receiving a $7,500 cash bribe, he says to the cooperating witness on tape, ‘Money is what greases the wheels. Good, bad or indifferent. That’s politics. That’s politics. It’s all about how much, and...
  • Sheldon Silver, New York Assembly Speaker, Took Millions in Graft, U.S. Says

    01/22/2015 10:14:20 AM PST · by proxy_user · 23 replies
    The speaker of the New York State Assembly, Sheldon Silver, was arrested on federal corruption charges on Thursday and accused of using the power of his office for more than a decade to secure millions of dollars in bribes and kickbacks and then covering up his schemes, according to court documents. Mr. Silver, a Democrat from the Lower East Side of Manhattan who has served as speaker for more than two decades, is accused of a range of corrupt dealings that capitalized on his official position. They include using his position to obtain corrupt payments misrepresented as referral fees from...
  • (New York) Assembly Speaker Sheldon Silver's firm gets cut of 9/11-suit payouts

    08/22/2010 1:30:14 PM PDT · by lowbridge · 4 replies
    NY Post ^ | August 22, 2010 | JOSEPH GOLDSTEIN and SUSAN EDELMAN
    Assembly Speaker Sheldon Silver has spun the 9/11 lawsuits into gold. Ground Zero workers are on the hook to pay steep interest on money their lawyers borrowed from a group of investors that include Silver and his law partners, The Post has learned. Silver's partners at the Weitz & Luxenberg law firm are top board members of a business that quietly loaned money at 18 percent a year to the law firm representing some 9,800 Ground Zero workers with toxic-illness suits against the city. Silver personally invested an undisclosed sum -- but at least $50,000 -- in Counsel Financial Services,...
  • Assembly Speaker Sheldon Silver (NY) in federal custody in Manhattan on corruption charges

    01/22/2015 5:53:58 AM PST · by C19fan · 40 replies
    NY Daily News ^ | January 22, 2015 | Kenneth Lovett and John Marzulli
    Assembly Speaker Sheldon Silver was taken into custody Thursday in Manhattan on corruption charges, The Daily News has learned. The impending arrest of Silver, who has been one of the most powerful men in Albany for more than two decades, was first reported overnight by The New York Times. While it’s unclear exactly what charges Silver could be facing, The Times reported the rap is linked to payments the powerful Manhattan Democrat received from New York City lawfrim Goldberg & Iryami that he did not disclose publicly, as required by law.
  • Bitcoin price plunges, prompting concerns about ‘mining’ activity

    01/14/2015 11:30:48 AM PST · by BenLurkin · 12 replies ^ | Jan 14, 2015 12:49 p.m. ET | Michael J. Casey
    providers of its core computing infrastructure to shut down operations. The selloff, which appears to have been exacerbated when Asian traders were forced to meet collateral demands under margin trading rules, left bitcoin down 14.49% at $194.04 in the late New York morning Wednesday, following a 15.02% plunge Tuesday, according to news service Coindesk. The digital currency is now down 39% from Dec. 31 alone and is off 83% from the all-time high of $1,165 that it hit at the end of a furious rally in November 2013. ... On Monday,, a company that mines bitcoins on behalf of...
  • The Hoarder, The Miser, The Gold And Silver Investor

    01/09/2015 11:17:46 AM PST · by blam · 12 replies
    TMO ^ | 1-9-2015 | Dr Jeff Lewis
    January 09, 2015 Dr Jeff Lewis A subscriber sent me the following note recently: You know I was driving home tonight and was observing all the cars building etc. I thought maybe I am nuts this can't all stop. Then I also said to myself this is an illusion that massive un-payable debt has created. I hope for all of our sakes the former wins because the latter would be unbearable. Do you honestly believe a collapse war and poverty is truly going to happen? What's the difference even if you have a ton of silver people just would take...
  • Medieval Hoard Discovered Beneath Russian Museum

    01/02/2015 2:57:43 PM PST · by SunkenCiv · 30 replies
    Archaeology ^ | Wednesday, December 31, 2014 | editors
    During excavations conducted in conjunction with the restoration of the Tver State Museum in western Russia, archaeologists discovered a medieval silver hoard lying just six feet below the office of the museum's general director. Buried in a small hole covered with ceramics sometime during the Mongol invasions of the mid-thirteenth century, the hoard contained silver headdresses, chains, beads, and pendants, among other items. According to RU Facts, archaeologists believe the jewelry may have belonged to a Tver noblewoman who died in the assault on the city or was otherwise unable to retrieve her precious cache. The hoard narrowly missed being...
  • New York City's harbors house 1,600 bars of silver, and 4-foot-long, wood-eating worms

    07/01/2009 6:58:24 AM PDT · by JoeProBono · 16 replies · 2,168+ views ^ | Sun Jun 28 | Chuck Shepherd –
    Using GPS and state-of-the-art sonar, Columbia University researchers recently made the first comprehensive map of the wonders submerged in New York City's harbors. Supplementing those findings with historical data, New York magazine reported the inventory's highlights in May: a 350-foot steamship (downed in 1920), a freight train (derailed in 1865), 1,600 bars of silver (unrecovered since 1903), a fleet of Good Humor ice cream trucks (which form a reef for aquatic life), and so many junked cars near the Brooklyn and Manhattan Bridges that divers use them as underwater navigation points. Of most concern lately, though, are the wildlife: 4-foot-long...
  • Diamonds Rained Down During Ice Age

    07/07/2008 2:05:25 PM PDT · by decimon · 42 replies · 439+ views
    Live Science ^ | JUL 7, 2008 | Ker Than
    Diamonds and precious metals found in the eastern United States might have rained down during the last Ice Age after a comet shattered over Canada and set North America ablaze, all leading to a mass die-off of animals and humans. New chemical analyses of diamond, gold and silver found in Ohio and Indiana reveal the minerals were transported there from Canada several thousand years ago. The question is, how?
  • Landlord's Deathbed Confession Sends Siblings on Hunt for Hidden Silver

    12/17/2014 9:38:04 PM PST · by Theoria · 43 replies
    DNAinfo ^ | 10 Dec 2014 | James Fanelli
    Shortly before his death in 2007, Manhattan landlord and lawyer Edward Giaimo Jr. revealed to his two siblings a secret — he had hidden a stash of silver and gold worth millions. While being treated for cancer at Mount Sinai Hospital, Giaimo allegedly told his brother and sister that he had stowed away a large amount of precious metals and they would need a truck to move it. The lifelong bachelor added that the metals, believed to be silver bullion and South African gold coins known as Krugerrands, were safe, but they needed to be removed from their hiding spot...
  • Take bullion delivery fast

    12/10/2014 10:16:55 AM PST · by george76 · 30 replies
    Numismatic News ^ | December 8, 2014 | Pat Heller
    Criminal scams are not unique to the precious metals industry, as it is but one minor niche of the massive financial markets. However, it is the industry in which I participate. Where possible, I try to help would-be buyers of physical precious metals avoid the crooks. There are many different ways that unscrupulous dealers may try to take advantage of uninformed buyers, but today I want to focus on the problem with people purchasing and paying for merchandise, then never receiving their goods. There have been some operations that never delivered promised merchandise right from the beginning. Such crooks tend...
  • Seven Questions Gold Bears Must Answer?

    12/09/2014 9:35:03 AM PST · by blam · 17 replies
    TMO ^ | 12-9-2014 | Jeff Clark
    December 09, 2014 Jeff Clark A glance at any gold price chart reveals the severity of the bear mauling it has endured over the last three years. More alarming, even for die-hard gold investors, is that some of the fundamental drivers that would normally push gold higher, like a weak US dollar, have reversed. Throw in a correction-defying Wall Street stock market and the never-ending rain of disdain for gold from the mainstream and it may seem that there’s no reason to buy gold; the bear is here to stay. If so, then I have a question. Actually, a whole...
  • New Signs Gold And Silver Are Returning As Monetary Assets

    12/04/2014 6:41:45 PM PST · by blam · 22 replies
    TMO ^ | 12-4-2014 | Stefan Gleason
    December 04, 2014 Stefan Gleason writes: Much to the chagrin of the financial elite, gold and silver are reentering the American consciousness and starting to shake the wing nutty image of their recent past. But it’s taken a global financial crisis to get the public’s attention – one that could wipe out our nation at almost any moment. The U.S. government’s role in the economy is on a seemingly interminable upward trajectory. The government’s official debt balance that just crossed the $18 trillion mark (with additional unfunded liabilities estimated at more than $100 trillion). Half the population now lives in...
  • Canadian scientists using ancient coins to map trading routes

    12/09/2010 4:14:21 AM PST · by SunkenCiv · 10 replies
    Montreal Gazette ^ | December 7, 2010 | Randy Boswell
    Canadian scientists probing the metal content of coins exchanged thousands of years ago in Mediterranean Europe have discovered a new way to map ancient trade patterns, to retrace economic ups and downs at the dawn of Western Civilization and even to shed new light on the collapse of the Roman Empire. Researchers at McMaster University in Hamilton have launched a research project in which nuclear radiation is used to identify changes in metal content among ancient Greek and Roman coins held in a world-class collection amassed at the university since the 1940s... A joint project between the university's classics department...
  • The Secret Advantage Gold/Silver Owners Have Over Everyone

    11/20/2014 6:40:09 PM PST · by blam · 41 replies
    TMO ^ | 11-20-2014 | Guy Christopher
    Nov 20, 2014Guy Christopher Guy Christopher writes: A lot of folks took advantage of recently falling gold and silver prices to beef up their precious metals holdings. Those adding to their portfolios understood the old adage of buying low and selling high. Unfortunately, others wait until dollar values of gold and silver have zoomed before deciding to convert their paper money. Still, most make buying decisions for their own good reasons. They either have the confidence of their convictions, or they have good questions still unanswered. One of the frequent questions we get at Money Metals Exchange is a good...
  • Congressman Seeks to End Program He Calls ‘More Dangerous’ Than IRS Scandal

    11/20/2014 9:08:15 AM PST · by PapaNew · 9 replies
    The Daily Signal/The Heritage Foundation ^ | November 19, 2014 | Kelsey Harkness
    Calling a secretive government operation to strangle politically out-of-favor businesses “more dangerous” than the IRS targeting scandal, a congressman with a background in banking is preparing to introduce legislation to kill the Obama administration initiative. “I believe this activity is probably more dangerous and more disastrous than that of the IRS scandal because this is running people out of business for no reason and it’s harming livelihoods, incomes [and] families,” Rep. Blaine Luetkemeyer, R-Mo., said today in an interview with The Daily Signal. Luetkemeyer, a member of the House Financial Services Committee, was comparing the Department of Justice’s Operation Choke...
  • Islamic State minting own currency

    11/16/2014 3:06:03 AM PST · by jmcenanly · 23 replies
    UPI ^ | Nov. 14, 2014 at 12:23 AM | Mary Papenfuss
    ALEPPO, Syria, Nov. 13 (UPI) -- Here's what every caliphate apparently needs: its own money, so Islamic State leaders plan to mint their own gold, silver and copper coins. The decision aims to remove Muslims from the "tyrant's financial system" and a global monetary operation "based on satanic usury," said a statement by the Islamic State's Beit al Mal, or treasury, and posted on websites used by jihadist movements. The exchange rate of the new currency — which will consist of seven coins — and where it can be found will be spelled out in a future statement. Unlike many...
  • Islamic State Group Says It Will Mint Its Own Coins

    11/14/2014 4:42:19 PM PST · by misanthrope · 25 replies
    Associated Press ^ | Friday November 14, 2014 5:02 AM
    CAIRO (AP) — The leader of the Islamic State group has ordered the terror organization to start minting gold, silver and copper coins for its own currency — the Islamic dinar. A website affiliated with the group posted the order late Thursday, saying IS leader Abu Bakr al-Baghdadi instructed his followers to mint the coins to "change the tyrannical monetary system" modelled on Western economies that "enslaved Muslims."
  • ISIS to mint own Islamic dinar coins in gold, silver and copper

    11/14/2014 10:25:45 AM PST · by Olog-hai · 7 replies
    Manchester Guardian ^ | Friday 14 November 2014 10.23 EST | Martin Chulov
    It has gathered its fortune through the tools of modern finance, but now Islamic State (ISIS) aims to mint its own coins. The move is reportedly the brainchild of the ISIS leader, Abu Bakr al-Baghdadi, who has personally overseen the design of gold, silver and copper coins of the Islamic dinar to be used in his self-declared caliphate—as soon as the terror group can locate a mint and enough precious metals. ISIS released designs of the coins and a breakdown of denominations. It claims the currency will free Muslims from a financial order that has “enslaved and impoverished” them. But...
  • ISIS Unveils Its New Gold-Backed Currency To Remove Itself From "The Oppressors' Money System"

    11/13/2014 8:32:33 AM PST · by Rusty0604 · 45 replies
    Zerohedge ^ | 11/13/2014 | Tyler Durden
    . It appears the rumors are true. Islamic State is set to become the only 'state' to back its currency with gold (silver and copper) as it unveils the new coins that will be used in an attempt to solidify its makeshift caliphate. ISIS says the new currency will take the group out of "the oppressors' money system." As Zaid Benjamin notes, ISIS releases details of its new currancy with golden 1 & 5 dinar, silver 1, 5, 10 dirham and copper 10 & 20 fils It seems Alan Greenspan may have been on to something after all... "Remember what...
  • Now ISIS wants to introduce its own currency: Plans to bring back solid gold and silver ...

    11/11/2014 8:32:13 AM PST · by Rusty0604 · 34 replies
    Daily Mail ^ | 11/10/2014 | Emma Glanfield
    ISIS wants to introduce its own currency and plans to bring back solid gold and silver dinar coins, it has emerged. The Middle East terror group apparently wants to introduce its own Islamic currency as part of its attempts to solidify its makeshift caliphate. The currency known as the dinar, which once consisted purely of gold and silver coins, is today used by a variety of countries, but the coins are created from different materials to the originals. However, the jihadi group is understood to be planning to return to the original gold and silver coins, which were first introduced...
  • US Mint Sells Out Of Silver Eagles Following "Tremendous" Demand

    11/05/2014 3:05:13 PM PST · by blam · 30 replies
    BI ^ | 11-5-2014 | Tyler Durden
    Tyler Durden11/05/2014 When it comes to buyers of physical assets as opposed to traders of paper representations of such assets, there is one key difference: the latter, more than anything, enjoy looking at "heatmaps", chasing trends and jumping on momentum, the result being the most recent massive selloff in such "paper" representations of precious metals as the GLD and SLV ETFs, and various gold futures. On the other hand, those who prefer to hold the metal in their hands, as well as others such as China whose ravenous apetite for gold over the past 4 years has been extensively covered...
  • Colloidal silver and other Ebola scams: 'Fear opens wallets and closes minds'

    10/24/2014 8:04:16 PM PDT · by 2ndDivisionVet · 49 replies
    The Manchester Guardian ^ | October 24, 2014 | Nicky Woolf in New York
    In a game of cat and mouse with health and safety officials, Americans profit off panic with modern versions of snake oil treatments, like vitamins branded ‘Ebola-C’ First of all, Steve Barwick wants you to know that Ebola is a government conspiracy. “This current ‘Ebola crisis’ is … a massive psy-ops campaign,” he wrote in an (undated) blogpost on his website, The Silver Edge. “In other words, the threat is largely being manufactured and planted into the minds of the American public, through the federal government/news media axis.” Barwick, to his credit, points out correctly that the likelihood of coming...
  • Nelson Bunker Hunt, R.I.P.: The Myth of the Hunt Brothers' "Scheme to Corner the Silver Market"

    10/23/2014 4:49:44 PM PDT · by VitacoreVision · 8 replies
    The New American ^ | 23 October 2014 | William F. Jasper
    Contrary to popular myth, Bunker Hunt didn't try to corner the silver market; he and his brother were the main victims in one of history's biggest swindles. Nelson Bunker Hunt, R.I.P.: The Myth of the Hunt Brothers' "Scheme to Corner the Silver Market" 23 October 2014 “Nelson Bunker Hunt, oil fortune heir whose bid to corner the silver market led to ruin, dies.” So ran the headline of the Associated Press report, as it appeared in the U.S. News & World Report online edition for October 22. Similar headlines accompanied many other obituaries of the famous Texas investor/entrepreneur, and if...
  • Hunt Brothers and the Great Silver Witch-Hunt

    10/22/2014 8:22:22 AM PDT · by VitacoreVision · 6 replies
    The New American ^ | 04 November 1985 | Jeffrey St. John
    Nelson Bunker Hunt passed away yesterday at age 88 in Texas. Who was he, you ask? Some outlets are reporting he and his brother were involved in a conspiracy to corner the silver market. In 1985, our news magazine reported on what actually happened. Hunt Brothers and the Great Silver Witch-Hunt The New American 04 November 1985 Over a million readers of the Wall Street Journal for October 3, 1985 saw the headline: "Hunts Sell Off Most of Silver Holdings, Taking Losses Estimated at $1 Billion." The bible of American big business reported under a Dallas dateline that the Hunt...
  • Nate Silver: Are Democrats disadvantaged by (gasp) skewed polls?

    10/15/2014 8:09:45 AM PDT · by SeekAndFind · 40 replies
    Hotair ^ | 10/15/2014 | Noah Rothman
    During the 2012 election, and to a lesser extent in the 2010 cycle, it became popular for poll-watchers on the right to dig into the sample data of individual polls, compare that sample available exit polling, and apply some judgment as to whether or not that poll was likely to accurately reflect the results on Election Day. In 2012, however, too many on the right began reflexively engaging in this practice for every poll with the aim of diving preferred results out of an otherwise disappointing poll. A few thoughtless types on the left would shriek, and not without...
  • Silver Soars As The Dollar Dumps Most In A Year; Stocks Surrender Payrolls Gains

    10/06/2014 2:41:55 PM PDT · by blam · 24 replies
    Zero Hedge ^ | 10-6-2014 | Tyler Durden
    Tyler Durden 10/06/2014 Following Friday's post-payrolls exuberance, the US Dollar crashed by the most in over a year today and stocks retraced most of their gains with only European data (weak) to base any momentum ignition on. Today's stock weakness turning point coincided with the bankruptcy headlines of GTAT but the divergence to USDJPY and bonds set the scene for stocks' demise. Trannies were today's laggard (after leading Friday) along with small-caps as The Dow clung to 17,000 and S&P closed marginally red. EUR strength led USD weaker and the plunge accelerated into the US close (eradicating all payrolls gains)....
  • GOLD ($1198 Oz)

    10/03/2014 6:28:13 AM PDT · by blam · 30 replies
    Kiytco ^ | 10-3-2014 | blam
    Buying Time.
  • Silver Is Getting Crushed

    09/19/2014 2:14:13 PM PDT · by blam · 75 replies
    BI ^ | 9-19-2014 | Akin Oyedele
    Akin Oyedele September 19, 2014 On Friday, Silver fell more than 3% to less than $18 an ounce, its lowest level in more than four years.Silver - FinViz The price of gold also fell about 0.8% and touched its lowest level since January. Gold has been weak recently and is approaching a four-year low. Gold - FinViz Platinum also fell to a nine-month low.(snip)
  • Thousands of silver coins discovered in condemned St. Cloud house ( Florida )

    08/11/2014 6:33:23 AM PDT · by george76 · 25 replies
    Orlando Sentinel ^ | August 8, 2014 | Henry Pierson Curtis
    Treasure: 60 lbs of silver coins hidden for decades. Thousands of silver coins dating to early 1900's showered from a secret hiding place when a century-old home was demolished . ... The house was full of Florida junk," neighbor Jim Tuck said Friday about the 60 pounds of silver coins discovered in the recently demolished North Minnesota Avenue home. "It was grab, grab, grab and then talk, talk, talk." Stored for decades inside the walls, large glass pickle jars holding the more than 2,000 coins shattered when a crew of St. Cloud city workers leveled 1915 bungalow on April 22....
  • Mexican Peso to be backed With Silver: “Would Unleash a Global Power Shift”

    07/11/2014 6:28:49 PM PDT · by 2ndDivisionVet · 65 replies
    Freedom Outpost ^ | July 11, 2014 | Mac Slavo
    For many Americans the country of Mexico conjures up images of a third world nation. The poverty, lack of basic services, and extreme violence has left the populace so desperate that thousands of people on a daily basis head to the United States for a better life. But according to Future Money Trends, all that could change in the near future as key Mexican financial leaders and politicians have been working to institute sweeping monetary change that, if implemented, could unleash a global power shift of epic proportions. “Take just three or four men out of the ‘anti’ group,” says...