Precious Metals

Why Is JPMorgan’s Gold Vault, The Largest In The World, Located Next To The New York Fed’s?

"The world's largest private, and commercial, gold vault, that belonging once upon a time to Chase Manhattan, and now to JPMorgan Chase, is located, right across the street, and at the same level underground, resting just on top of the Manhattan bedrock, as the vault belonging to the New York Federal Reserve, which according to folklore is the official location of the biggest collection of sovereign, public gold in the world. We will let readers make up their own mind why the the thousands of tons of sovereign gold in the possession of the New York Fed, have to be literally inches across, if not directly connected, to the largest private gold vault in the world." Continue reading →

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Jeff Thomas Responds: Questions on Gold Ownership

"Any US import greater than $2500 thru FedEx is newly subject to a Customs regulation requiring a SS #. This requirement was put in place Jan 7th or 8th of this new and wonderful year. The FedEx customs representative/agent was embarrassed to call the 'importer' with this request, by their newfound responsibility." Continue reading →

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Red White: Why a Founding Father of Postwar Capitalism Spied for the Soviets

"In the 1930s, internationalists in the U.S. Treasury Department were determined to resolve the flaws in the international economic system once and for all. In the words of Harry Dexter White, a then little-known Treasury official who became the unlikely architect of the Bretton Woods system, it was time to build a 'New Deal for a new world.' Working with his British counterpart, the revolutionary economist John Maynard Keynes, White set out to create the economic foundations for a durable postwar global peace. Despite having never held any official title of importance, White had by 1944 achieved implausibly broad influence over U.S. foreign and economic policy." Continue reading →

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Epic investor debate featuring faceoff between Peter Schiff and John Mauldin

"An epic debate about the creation and preservation of wealth featuring Rick Rule, Peter Schiff, John Mauldin and Grant Williams. The highlight is a classic faceoff between Peter Schiff and John Mauldin that takes place around 7:30 in and goes on for several minutes and really heats up at 9:30. The debate took place February 24, 2013 at Cambridge House's California Resource Investment Conference in Palm Springs." Continue reading →

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Jeffrey Tucker: Top Alternatives to Paper Money

"I’ve just left the Liberty Forum in New Hampshire as the proud owner of three types of nonpaper, nongovernmental monies. They operate in competition with the government’s dollar. Yes, these include Bitcoin, the mind-blowing digital currency that has techno-geeks, edgy global traders, and even the World Bank buzzing about its potential to finally separate money from the state. Why are people working on alternative forms of money? It’s all about escaping a 100-year-old trend. Depression, war, and deliberate debasement have left us with a dollar that is a mere shadow of its former self." Continue reading →

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Mexico’s audit office tells Bank of Mexico to verify gold held at Bank of England

"The Mexican government audit office has reprimanded the Bank of Mexico for failing to verify its supposed purchase of $4.5 billion of gold vaulted at the Bank of England. The audit office confirms a complaint last year that the Bank of Mexico had purchased only 'paper gold' at the Bank of England and had no idea of the number of bars it had supposedly purchased, nor of the purity of the bars. The audit office has recommended that the Bank of Mexico 'make a physical inspection with the counterparty that has the gold under its custody, in order to be able to verify and validate its physical wholeness and the compliance with the terms and conditions of dealing with this asset.'" Continue reading →

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Ron Paul: When they came for the Raw Milk drinkers…

"All Americans, even if they do not believe it is a wise choice to drink raw milk or use gold coins, should be concerned about the use of force to limit our choices. This is because there is no limiting principle to the idea that the government force is justified if used 'for our own good.' Today it is those who sell raw milk who are being victimized by government force; tomorrow it could be those who sell soda pop or Styrofoam cups. Therefore, all Americans should speak out against these injustices." Continue reading →

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The Shearing of the Sheeple

"If we use Sir Arthur's logic, when we have eliminated the impossible in this case, what we are left with, however improbable, is that the State's objective is indeed to achieve what it is achieving – denying the depositor his liberty, whilst implying that there is something inherently wrong with the purchase or sale of precious metals. But what is the benefit to the authorities in doing so? By treating those who buy and sell precious metals in the same way as drug lords are treated, it becomes easy to convince the general public that it was a good thing the metals investors were stopped from doing what they were doing. And that's the whole point." Continue reading →

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Privacy at Risk: Global Gold Storage Firms Get Rid of US Citizens

"Big gold depositories like Gold Money and Bullion Vault 'ALL use ViaMat as a primary secure storage provider.' As a result, ViaMat's decision will have an effect on the rest of the gold investing community, especially when it comes to US vendors. It is surely a good idea to work with a firm that does not have US exposure when storing gold, but there is a growing trend among regulatory democracies generally to insist that citizens constitute a state asset. Increasingly, US officials in particular are insisting that US laws and taxes are to be enforced everywhere in the world and are turning to foreign companies to generate compliance." Continue reading →

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World’s biggest gold storage company dumps US citizens

"ViaMat, a Swiss logistics company that has been safeguarding precious metals since 1945, is literally the gold standard in secure storage. They have vaults from Switzerland to Hong Kong to Dubai, and they count among their clients some of the largest mining companies in the world. They know what they’re doing. And now they’re dumping US citizens. ViaMat does a great deal of business within the United States. As such, the company is heavily exposed to the insane US regulatory environment. As an example, the 2010 Foreign Account Tax Compliance Act turned into more than 500 pages of regulation!" Continue reading →

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