» Business Currency
Afghanistan's bravest woman calls on US to leave
Nov. 20, 2009 Malalai Joya, called the "bravest woman in Afghanistan," is finishing up a U.S. tour where she has pressed the Obama administration to pull the military out of her country. She says nothing could be worse for women than what she sees as the current civil war.. » read more
What Has Government Done to the Dollar?
"No legal tender law is ever needed to make men take good money; its only use is to make them take bad money." (Stephen T. Byington) Nov. 18, 2009 The U.S.. » read more
Fake 400 troy oz Gold bars found from central bank transfer to Hong Kong / On Doing God's Work
Nov. 14, 2009 Fake 400 troy oz Gold bars found from central bank transfer to Hong Kong caps.fool.com/Blogs/ViewPost.aspx November 14th 2009 There are now reports of fake 400 oz gold bars in Oct.. » read more
Can Precious MEtals Keep on Flying?
Are you sold on gold? The precious metal outperformed every major equity index in the world in 2008. The question is, can gold—and other precious metals—keep on flying? Or would buying today be buying high and selling low? Precious metals have always been intriguing to investors because they tend to hold their value. In times of geopolitical crisis or currency devaluation, for example, the value of paper money might fluctuate, but a hard asset will always be worth something. As a result, historically, precious metals have been considered a “safe haven” in times of economic and financial instability. That brings us to why gold is on a tear today.. » read more
Expansion of Global Currencies
Nov. 13, 2009 The expansion of global currencies has exceeded nine percent over the last year. This essay investigates which currencies are contributing the most to this development. One hundred currencies from 95 sovereign nations and five monetary unions have been examined. The following pie chart shows the relative value of global currencies (M0) when converted to USD for means of comparison.. » read more
Tungsten as a Gold Substitute
Nov. 11, 2009 In early 2008 it was reported that at least some of the gold bars in the vaults at the National Bank of Ethiopia were fake. The discovery was made when bars shipped from Ethiopia to South Africa were returned after they were identified as being gilded steel. Gilded steel is a very unconvincing form of fake gold because the density of the iron alloy is significantly less. A steel bar identical in volume to the standard 400 troy ounce gold bars commonly used in bank-to-bank trades would weigh only 162.. » read more
Man tries to sell $1100 one ounce gold coin for $50; no takers
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Indian Central Bank Warns the Fed
06-Nov-09 Dear Reader, The week of November 3, 2009, could someday be known as a major turning point in the Great Monetary Calamity. The government of India traded away US dollars for 200 tons of gold - one of the largest central bank purchases in history. The Indian regime paid $1,045 per ounce, which means they believe a US dollar is worth one 1,045th of an ounce of gold - an amount that is almost microscopic. That's a far cry from the 1930s, when a dollar was worth one 20th of an ounce. It shows what the Federal Reserve has done to the value of the dollar since the Fed went into business in 1914.. » read more
Gold and Cadillacs
----- Original Message ----- From: Mike Hewitt To: bellringer@fourwinds10.com Sent: Monday, November 09, 2009 1:19 PM Subject: Article from DollarDaze.org - Gold and Cadillacs Greetings, Latest article is a short piece giving an example of how the purchasing power of gold has gone up since the 1970's, while the purchasing power of the US dollar has declined. Gold and Cadillacs http://dollardaze.org/blog/?post_id=00736 ********************* Gold and Cadillacs By Mike Hewitt (0 comments) While gold is not commonly considered as a medium of exchange like paper currency, it still acts as an excellent store of value.. » read more
How India’s 200 Ton Purchase of IMF Gold Affects You
11/03/09 Stockholm, Sweden – In a move that surprised many traders, the International Monetary Fund ended up selling 200 tons of gold to the Reserve Bank of India for $6.7 billion this month. Many expected most, if not all, of the sale to go to China. However, about half the original amount of gold, roughly 200 tons, is still up for sale and could go to China, another buyer, or be sold on the open market. What matters to you, dear reader, is that the vast sum of gold was unloaded as an official sector off-market transaction, taking place over 11 days in late October at market-based prices.. » read more
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