"Builders carrying out stabilisation work on an old pub building have unearthed one of the most significant finds of gold coins ever recorded in Ireland. Eighty-one coins, mostly guineas and half guineas dating back to the 17th century, were dug up from clay underneath floorboards in a fire-damaged premises on Main Street, Carrick-on-Suir, Co Tipperary." Continue reading →
"The highlight of the evening was the $10,016,875 sale of the coveted 1794 Flowing Hair silver dollar, a superb Gem Specimen example, the finest known to exist. This set a new world-record price for any coin. Attended by hundreds of enthusiasts, collectors, investors and dealers, and resulting in nearly $27 million in rare coins crossing the block, the auction of The Cardinal Collection and other important consignments took place as part of the Stack’s Bowers Galleries New York Americana Sale." Continue reading →
"The Bundesbank's move is important: not for what it says about Germany's faith in French or American vaults; nor for the cost of shifting 674 tonnes of gold; but because it is a major victory for transparency in the gold market. Central banks are notoriously secretive about their gold-trading activities. Most report, on a monthly basis, their gold reserves to the International Monetary Fund. But these data fall a long way short of full transparency. They tell us nothing about derivative positions in the gold market -- for example, gold loans, agreements for future sales, or options transactions." Continue reading →
"Daily Bell: Talk about your father, who is now in jail as a tax protestor. How is he doing? Peter Schiff: He's hanging in there. He's 84. He turns 85 next month. I think he's a political prisoner. He's in jail not because he really violated the law but because he represented a threat to the government's illegal collection of income taxes. So I think it's very unfortunate that my father is in jail and I think it says a lot about the character of our country when we can have a political prisoner." Continue reading →
"The Russian central bank will continue to buy gold as it seeks to diversify its foreign reserves away from paper assets it views as risky, First Deputy Chairman Alexei Ulyukayev said on Thursday. The Bank of Russia has built up the world's fourth-largest foreign reserves, worth $530 billion, by buying oil export dollars to keep the rouble competitive. The hoard includes two rainy-day budget funds that guard against fiscal shocks. The bank has also been a bullion buyer and the share of gold in its reserves is approaching a medium-term target of 10 percent." Continue reading →
"Silver Bullet Bullion is the most powerful ammunition* against deficit spending, fiat currency, sovereign debt, quantitative easing, failed Federal Reserve policy, and rampant inflation ever minted by man! Shaped like the ammunition that will strike at the heart of failed government economic policies that threaten our economy and our fortunes, each round of Silver Bullet Bullion is ultimately REAL SILVER." Continue reading →
"Germany made an even bigger splash than Japan in the gold market recently with its surprise announcement last week that the Bundesbank would begin repatriating gold reserves held overseas. The central bank said it wanted to keep more than 50% of its gold reserves at home, up from slightly less than one-third currently. With that in mind, the Bundesbank will move all its gold reserves now held in Paris back to Germany, and reduce its reserves held in New York City. And Germany isn’t alone. There’s talk that the Netherlands and Azerbaijan will also repatriate gold reserves." Continue reading →
"T.S. Kalyanaraman opened a shop in the southern Indian state of Kerala in 1993 and taught customers how to test the purity of their gold to expose cheating craftsmen. He was also the first jeweler in town to attach price tags to his gold and gem collection, angering competitors who accused him of ruining the trade. Two decades later, the 65-year-old has become a billionaire as a 12-year rally in gold prices fails to damp demand in India, the world’s largest consumer of the precious metal. He owns 44 stores in India and plans to open 36 more by March 2014, including five in the Middle East." Continue reading →
"Iran's Minister of Economic Affairs and Finance Shamseddin Hosseini says the country plans to phase out dollar and euro in its future international transactions after the US and the European Union (EU) imposed sanctions on Iran. '[Iranian] government has made up its mind to phase out vehicle currencies such as dollar and euro in its [foreign] trade,' Hosseini told reporters. He added that after the imposition of sanctions on Iran by the US and the EU, the Central Bank of Iran (CBI) immediately moved to change the country's hard currencies reserves into euro and gold which 'was beneficial to the country.'." Continue reading →
"Perform an assayed public audit of all the Treasury's claimed 8,100 tons of gold and net of swaps, loans & sales. As of 12/31/2012 the US Treasury claims to hold 261 million ounces of gold at Denver, Fort Knox, West Point and at the Federal Reserve Bank of New York. This bullion was last subjected to a full physical audit in 1953. The gold bars need to be assayed and weighed. Once the gold is verified the paper trail must be audited to determine who really owns the gold; i.e. how much has been loaned to bankers and dealers and sold or swapped to non-Treasury entities including foreign governments." Continue reading →