Gold Futures Log Biggest One-Day Gain of the Year
April 26th, 2013Via: MarketWatch:
Gold futures jumped by nearly $40 an ounce on Thursday to log the biggest one-day gain of the year, supported by physical demand for the precious metal, prospects for easier global monetary policies and a weaker U.S. dollar.
Thursday’s rally has brought gold back to roughly 50% of the massive recent sell off, said Phil Storer, director of trading at Dillion Gage Inc., a precious-metals dealer and refiner.
Posted in Economy | Top Of Page
Today I spent $100 in fiat folly notes on materials to assemble a 2′ x 10′ sluice box for REAL gold. I’m betting that is a far better investment than paper gold. To each his own bonfire.
I thought that this was a great interview:
Manipulation of precious metals markets
Max talks to Andrew Maguire about precious metals markets, manipulation and failures to deliver.
RT – Keiser Report
Host Max Keiser interviews Andrew Maguire
April 24, 2013
http://rt.com/shows/keiser-report/episode-436-max-keiser-331
http://en.wikipedia.org/wiki/Andrew_Maguire_(whistleblower)
(.MP4 Format)
http://rt.com/files/episode/1e/d7/b0/00/kr25.mp4
Calm
The video which Max and Andrew refer to can be viewed here. It may only be available to Canadian viewers, and if that is the case, just say the word and I will upload it to my website.
The Secret World of Gold
The Secret World of Gold is a documentary exploring the power and politics of gold, a precious metal with more allure and fascination than any other. Valued for its permanence, beauty and scarcity, people will lie, cheat, steal and kill in the name of gold.
To finance the Third Reich, the Nazis went after the gold of Europe. Allied countries stored their gold offshore to keep it safe. In the first months of the Second World War, the gold of England and France was secretly shipped to vaults in Montreal, Ottawa and New York.
Those ships made it safely to port, but throughout history, many were not so lucky. It is estimated that worldwide, 3 million shipwrecks loaded with treasure lie at the bottom of the ocean. Odyssey Marine, an American company listed on the NASDAQ stock exchange, spends huge amounts of money to search for that gold. But there’s always the risk they will have to hand it over to countries claiming ownership.
In recent years, economic uncertainty is giving gold a new lustre in the world of high finance. Whether it’s a few gold coins or gold bars stored in one of the many vaults around the world, many investors are taking a shine to gold. But there’s not a lot of it. It is said that, even melted down, there would not be enough to fill an Olympic swimming pool (or maybe not – see sidebar).
Some claim that much of the gold held by the Bank of Canada, the Bank of England, the Federal Reserve and Fort Knox is gone — that for every 100 ounces of gold traded, there exists only one ounce of real, physical gold. So, where is the gold — and who really owns it?
CBC – Doc Zone
Directed by Brian McKenna
Host Ann-Marie MacDonald
April 18, 2013
http://www.cbc.ca/doczone/episode/the-secret-world-of-gold.html
http://www.gfms.co.uk
http://www.goldstandardinstitute.net
Calm
http://www.professorfekete.com/articles/AEFWhoSaidDragon.pdf
Gold is a sapling, silver is an acorn.
Here is some stuff which I have collected on topic of fiat currencies and gold/silver.
U.S. Finance: Fiat Currency – Gold – Silver – Currency Wars
Articles and Commentaries by various writers and media pundits
December 26, 2005 — October 28, 2010
http://www.dotandcalm.com/calm-archive/US-Finance-FiatCurrency-Gold-Silver-01-December26-2005–October28-2010.html
October 30, 2010 — April 25, 2013
http://www.dotandcalm.com/calm-archive/US-Finance-FiatCurrency-Gold-Silver-02-October30-2010–November04-2012.html
Calm