Posted in: Gold

Can Gold Save The World From The Credit Bubble?

Posted May 5, 2015

In a financial world of contradictions, chaos, and confusion, perhaps a “gold-centric” perspective will provide clarity. The media is filled with comments from notable “gold-bashers” such as Benjamin Bernanke, Warren Buffett, and Bill Gates. Their criticisms of gold (in my opinion) boil down to: Gold has no real value – you can’t eat it or… View Article

Chinese farmer finds 7.85kg gold nugget worth $250,000 on the ground

Posted February 6, 2015

Berek Sawut found the 7.85kg nugget in the far western region of Xinjiang. A herdsman in China’s remote far west has struck gold after stumbling upon a huge nugget of the precious metal estimated to be worth at least $250,000, state media reported Thursday. The 7.85 kilo chunk was discovered “practically lying on bare ground”,… View Article

Thieves ram original Wells Fargo in San Francisco, grab gold nuggets

Posted January 27, 2015

Thieves in ski masks smashed a stolen sport utility vehicle into the site of the original Wells Fargo Bank in San Francisco’s Financial District early Tuesday and held a security guard. The crash-and-grab heist — the latest of a series of similar incidents in San Francisco — happened about 2:30 a.m. at the bank’s museum… View Article

Gold fifth best performing commodity of 2014

Posted January 22, 2015

Palladium performed best in dollar terms of all commodities in 2014, while gold’s overall performance was far better than most others. Before you gold bulls out there cry ‘rubbish’ it should be borne in mind that last year was a disastrous year for virtually all commodities across the board. Only four internationally traded commodities showed… View Article

You just can’t beat gold!

Posted January 8, 2015

Even now it is not too late for emerging economies to get into the game. Gold trumps reserve currencies, any day. August 15, 1971, marks the demise of the Bretton Woods international monetary system when the tenuous link between gold and the US dollar was snapped by President Nixon. It is now nearly 44 years… View Article