Posted in: News

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

Is Russia Moving to a Gold-Backed Currency?

Posted May 5, 2015

While the IMF still reports the United States as the largest holder of gold reserves by far, these are essentially self-reported numbers. They are not reliable because countries could have incentives to under report or over report their gold reserves. It is thought by many that China, at least up until this point, has under… View Article

Stella $4 gold piece goes for $1.8 million

Posted May 1, 2015

Stella $4 gold pieces dazzled at the Heritage Central States Numismatic Society convention April 22-25. Over $1.82 million was paid for an 1880 $4 Coiled Hair Stella. It was graded  Proof-67 by Numismatic Guaranty Corporation and it had a Certified Acceptance Corporation sticker. Greg Rohan, president of Heritage Auctions, said, “In terms of important Stellas… View Article

Russia is hoarding gold; you should worry

Posted May 1, 2015

MOSCOW — The Central Bank of the Russian Federation announced this week on its website that in March, Russia bought approximately 30 tons of gold, bringing its total gold reserves to 1,238 metric tons. Russia is now the fifth-largest holder of gold reserves, according to the International Monetary Fund. And this is only the gold… View Article

Currency Wars Back As Russia Buys One Million Ounces of Gold in March

Posted April 21, 2015

Russia buys one million ounces and increases gold reserves by another 2.6% in March Russia sees gold as important monetary and strategic asset in stealth currency wars Large purchase by Russia who normally buy some 300,000 ounces a month Russian gold reserves, at nearly 40 million ounces, are now fifth largest in the world Russia… View Article

Gold has never been more valuable than it is today!

Posted March 4, 2015

While doing an interview a few months back with Turd Ferguson at , he made the comment “gold has never been more valuable than it is today”. This is so true and correct, I’d like to break it down into small pieces because from a historical standpoint there is no comparison to where we are… View Article

$4M in gold stolen in I-95 truck robbery

Posted March 2, 2015

$4M in gold stolen in I-95 truck robbery WILSON, N.C. North Carolina authorities and the FBI are investigating the theft of an estimated $4 million worth of gold allegedly stolen during an armed robbery along Interstate 95 on Sunday evening. After mechanical problems with their truck, two armed guards who were traveling from Miami to… 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