Category Archives: Finance/Market

$3 Million In Gold Nuggets Stolen From Yreka Courthouse

2
Feb
2012
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Thieves in Yreka, Calif., made off with $3 million in gold nuggets Wednesday after breaking into the Siskiyou County Courthouse and smashing a glass case that contained a display on the area’s mining history, officials said. The collection in the … Continue reading  

Gold Prices Shining Again, Back On The Rise

27
Oct
2011
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Gold seems to be regaining its luster. The precious metal has rallied more than $100 in less than a week as investors turn to the precious metal as a safe haven amid concerns about Europe and signs of slow global … Continue reading  

Russian’s Central Bank To Offer Gold-Backed Loans At 7 Pct

30
Aug
2011
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Russia’s central bank will offer gold-backed loans for up to 90 days at an interest rate of 7 percent, it said in a statement on Friday, expanding its lending facilities for dealing with any future liquidity crunch in the banking … Continue reading  

Dismissing The Debt: Ron Paul’s Proposition

25
Aug
2011
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Photo by Gage Skidmore From Congressmen to ratings agencies many have scoffed at the recent debt-ceiling agreement the House approved. The plan does not require actual cuts in spending, but rather focuses on purported spending levels in years to come. … Continue reading  

Bonham’s Sale Shines With Automobilia-themed Highlights

23
Aug
2011
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Bonhams is pleased to announce that its Jewelry and Watches sale, held August 19th during Pebble Beach Car Week at Quail Lodge in Carmel, Calif., brought engine-revving, above-estimate results. Some of the auction’s highest-ranking items demonstrated just that, with prices … Continue reading  

What Is Real Inflation?

16
Aug
2011
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Food, entertainment, and basic transportation used to be financial afterthoughts. “Sticker shock” used to just come from the cost of buying your new car, but at $60 plus to fill up the tank, gasoline has become the real automotive investment. … Continue reading  

The Richard Nixon Shock

16
Aug
2011
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This is one of the most fascinating and well-written articles about Richard Nixon abandoning the gold standard that I have seen.  Last week marked the 40th anniversary of Richard Nixon severing all ties that the U.S. had to a gold … Continue reading  

Gold Pendant Leads Lord Glenconner Sale at Bonhams

13
Aug
2011
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A gem-set gold pendant from the treasury of the legendary Indian ruler, Tipu Sultan, is among the star lots in the sale of the contents of Lord Glenconner’s St Lucian home at Bonhams in London on 28 September. It is estimated … Continue reading  

S&P’s Credit Downgrade: Should We Be Surprised?

12
Aug
2011
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On Friday, credit rating agency Standard & Poor’s cut the once-untouchable U.S. credit rating from AAA to AA+. The historic move shook global markets and created worries that the world’s largest economy is sliding quickly toward an unalterable recession. The … Continue reading  

A Return To The Gold Standard

11
Aug
2011
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THE GRASS IS NOT ALWAYS GREENER, A RETURN TO THE GOLD STANDARD For most of the United States’ history, the value of the dollar had been defined in terms of gold. For the last few hundred years, the nation flourished under … Continue reading