• By - Bob G.
    Apparently, if you have an extra $7.5 million dollars lying around and want to show off you can now buy a one of a kind gold Lamborghini.

    Carved out of a 500-kilogram block of solid gold, the finished model contains 25 kilograms of the precious metal. Starting price for the eventual auction is [...]


    This post was posted in Gold News

  • Gold Confiscation

    September 6, 2013

    By Keith Weiner -

    It is well known that in 1933, President Roosevelt confiscated the gold of U.S. citizens and made possession of gold illegal. He gave gold owners about $20 an ounce and when he was done, he raised the gold price to $35. The common telling of this story portrays it as a simple [...]


    This post was posted in Gold News

  • By Bob - G.
    Scarcity. It is arguably the single-biggest driver of rising price and when you combine it with strong demand, the results are nothing short of astonishing, or in the case of gold, spectacular.
    "I think everything supports the fact that this is yet another buying opportunity in a string of buying opportunities," says Peter [...]


    This post was posted in Gold News

  • By Bob - G.
    Gold traded near a two-month high after holdings in the largest exchange-traded product posted the first weekly expansion this year. Silver headed for the longest daily rally since March 2008.
    Spot gold gained as much as 0.6 percent to $1,384.55 an ounce, the highest price since June 18, and traded at $1,375.26 at [...]


    This post was posted in Gold News

  • By Bob - G.
    Gold consumption in China, the world’s largest user after India, jumped 54 percent in the first half of 2013, putting the country on track to become the top bullion consumer at a time when demand is contracting elsewhere.
    Consumption reached 706.36 metric tons in the first six months, the China Gold Association said [...]


    This post was posted in Gold News

  • By Bob - G.

    Here’s a riddle for you…
    When folks sell their electronic-traded-fund (ETF) gold and other electronic bullion, where does it go?
    Does the bullion zap away into the nether regions of the internet? Does it move from one clandestine warehouse to another? Maybe it heads to a government coffer?
    You may be surprised where one gold [...]


    This post was posted in Gold News

  • Commentary By - Cody Willard.

    I’m hoping that this will be my last post about gold/silver for a while. One can hope. But I can’t control it.
    We can’t control when or where opportunity arises. And as you know with gold having crashed some 30% from its highs, I started rebuilding my own physical gold and silver [...]


    This post was posted in Gold News

  • By - Bob G.
    Across global markets, gold has lost its glimmer. Investors are fleeing the yellow metal, whose price has slumped more than 10 percent over the past three months. But Indians are so gold crazy they're sacrificing their currency and their country's economy in the bargain. By buying up billions of dollars worth of [...]


    This post was posted in Gold News

  • By Bob - G.

    On June 12, a financial analyst and former head trader at the Royal Bank of Scotland issued a communique regarding the ongoing turmoil for gold and gold prices, and in particular, China's current gambit to dominate and accumulate the remaining supplies of the precious metal. Known in the public sphere under the [...]


    This post was posted in Gold News

  • By Bob - G.

    How Central Banks suppress the price of gold. Dr. Mark Thornton talks to Lew Rockwell about monetary tsunamis, Ron Paul, the Fed and Germany's gold. UPDATE - If the Fed needs to buy several hundred tons of gold to eventually send back to Germany, they would certainly benefit from today's lower prices [...]


    This post was posted in Gold News

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