Jim Rogers: Don’t Sell Your Gold and Silver Coins

“Demand for gold and silver coins is raging, and given the weak outlook for paper currencies, investors should hold on to these coins, says star investor Jim Rogers, chairman of Rogers Holdings. Gold coin sales hit a 19-month high last month, while silver eagle sales climbed to a record peak. ‘You can’t get [silver coins]. They sell out,’ Rogers tells Yahoo. ‘Several mints have run out of coins, … because everybody’s worried about the future of the world.’ Rogers says he ‘wouldn’t rush in right now’ to buy more coins, but would consider purchasing gold if prices fall further.” Continue reading

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Neocons Getting Nervous?: Reviews of Rand Paul’s Foreign Policy Speech

These are by no means all the reviews of Sen. Rand Paul’s foreign policy speech at Heritage last week, but they are particularly noteworthy. I categorized the best I could. Glowing praise: The Washington Times editorial thought it was an important speech that stressed the desperate need to reexamine US foreign policy.  The Washington Times […]

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Obama administration wants to put Algerian militant on secret ‘kill’ list

“Senior members of President Barack Obama’s administration want to put the mastermind of last month’s attack on an Algerian natural-gas facility on a secret ‘kill’ list, The Wall Street Journal reported. Adding Algerian militant Mokhtar Belmokhtar to a US list for targeted killing would entail a significant US military expansion into northwestern Africa, the newspaper said, citing unnamed US officials. It would mean extending drone strikes and other lethal counterterrorism operations to the region, the paper added.” Continue reading

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Absent Chavez devalues Venezuelan currency to aid gov’t finances

“Venezuela devalued its bolivar currency on Friday by 32 percent in a widely expected move that will shore up government finances after ailing President Hugo Chavez’s blowout election-year spending in 2012 but will also spur galloping inflation. The move slashes the official bolivar exchange rate to 6.3 per dollar from 4.3 under currency controls Chavez created in 2003 that require importers and travelers to apply for hard currency through a state agency. Dollars on the illegal black market had for weeks been fetching nearly four times the official exchange, which economists cited as a sign an exchange rate adjustment was imminent.” Continue reading

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FAA Releases New Drone List—Is Your Town on the Map?

“The Federal Aviation Administration has finally released a new drone authorization list. This list, released in response to EFF’s Freedom of Information Act (FOIA) lawsuit, includes law enforcement agencies and universities across the country, and—for the first time—an Indian tribal agency. In all, the list includes more than 20 new entities over the FAA’s original list, bringing to 81 the total number of public entities that have applied for FAA drone authorizations through October 2012.” Continue reading

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Y Combinator-backed Coinbase now selling over $1M Bitcoin per month

“Coinbase launched last year and aims to be ‘the PayPal of Internet-only currency.’ It helps merchants and consumers by providing a Bitcoin wallet and platform to make transactions easier, but the vast majority of its revenue comes from letting users buy and sell Bitcoins directly from Coinbase. It charges a one percent fee on top of each transaction. The company claims that it has seen huge growth in the past three months, after it started letting users buy and sell Bitcoin by connecting any U.S. bank account. The decentralized currency is currently trading at $22.66 per Bitcoin on Mt. Gox, the largest Bitcoin exchange.” Continue reading

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Bereaved son billed $800 for late city ambulance that failed to save his father

“The bill for $780.85 stems from Ford’s call to DC Fire & EMS (DCFEMS) on New Year’s Eve when his father, 71-year-old Durand Ford Sr., began having problems breathing. Records show the younger Ford called 911 at 1:25 a.m. that night. But while the fire department dispatched a vehicle to his house nine minutes later, no ambulances were available. DCFEMS officials called for assistance from Prince George County, more than seven miles away, 22 minutes later. A medical unit from Prince George County arrived at Ford’s home at 1:58 a.m., by which point the elder Ford had died.” Continue reading

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