Tuesday, May 17, 2011
ABC News
In a move that reflects growing anxiety over rising inflation and a weak economy, South Carolina became the newest state to propose a bill that would make gold and silver coins a form of legal tender in the state.
Utah started the trend, becoming the first state on May 9 to recognize gold and silver coins minted by the U.S. government as legal tender. More than a dozen other states are considering similar moves.
Gold is increasingly taking the spotlight as worries about inflation and a debt crisis grow...[Full Article]
Monday, April 25, 2011
Financial Times
Gold hit a record high, while silver surged more than 5 per cent to within a whisker of its all-time peak, as the dollar continued its decline and inflation concerns drove haven flows.
Driven also by government debt concerns, gold rose 1 per cent to $1,518.20 a troy ounce, the seventh-consecutive trading session in which it has hit a record high. Silver surged 5.5 per cent to $49.17 an ounce, having hit a 30-year high of $49.80, within sight of the landmark $50 level...[Full Article]
Monday, April 18, 2011
The Telegraph
Silver is a better bet than gold in the current precious metals bull run and has been described as "gold on steroids" by one asset manager.
Silver is a better bet than gold in the current precious metals bull run and has been described as "gold on steroids" by one asset manager.
Brian Ostroff, the managing director of Windermere Capital, a Canadian investment firm, said he was bullish about the prospects for all precious metals because the world's central banks were printing money. But he was particularly upbeat about silver.
"We love silver. It has definitely come into the forefront. The physical market characteristics are very positive," he told the Gold Report. "Ultimately, we view silver as gold on steroids. When you're in these uptrends and everyone's looking at precious metals, silver tends to perform much better [than gold].
"We think that, as the whole precious metals bull market proliferates and more average investors start to look at it, silver at $35–$40 might be more appealing than gold at $1,400–$1,500."
Silver was trading at $43.24 an ounce on Monday, its highest level since 1980. At the same time, gold hit an all-time high of $1,489...[Full Article]
Labels: silver
Friday, April 8, 2011
UK Telegraph
Oil climbed above $125 a barrel on Friday after attacks on Libyan oil fields reignited worries about supply and inflation fears pushed gold to a new record high.
Brent crude was up more than $2 at a fresh two-and-a-half-year high of $125.05 in late afternoon trading in London. This is highest intraday level for front-month Brent crude since August 4, 2008, when the price hit $125.30.
Rising oil, metal and food prices have stoked inflation in economies around the globe and created concerns that it will damage the fragile economic recovery.
Inflation jitters and the weaker dollar saw investors buy gold and silver, which rose above $40 an ounce for the first time since 1980. Gold was up $13.30 at $1,471.47 an ounce...[Full Article]
Tuesday, April 5, 2011
Raw Story
LONDON – The price of gold hit a record high above $1,450 an ounce in trading here Tuesday as the 'safe haven' metal won support from geopolitical unrest and surging global inflation, traders said.
Gold reached $1,450.65 an ounce at 1515 GMT on the London Bullion Market, beating the previous record of $1,447.82 set on March 24.
It stood at $1,448.65 an ounce at about 1630 GMT, while sister metal silver struck a 31-year peak of $39.09 an ounce in the wake of gold's rally...[Full Article]
Sunday, March 27, 2011
Bob Champman Interview - The Dollar is Doomed
http://www.youtube.com/watch?v=Tsq5hdhBEkw
http://www.youtube.com/watch?v=LfOpxwQsmDs
Labels: Bob Chapman, dollar, gold, silver, video
Sunday, March 20, 2011
New Observer
RALEIGH -- Cautioning that the federal dollars in your wallet could soon be little more than green paper backed by broken promises, state Rep. Glen Bradley wants North Carolina to issue its own legal tender backed by silver and gold.
The Republican from Youngsville has introduced a bill that would establish a legislative commission to study his plan for a state currency. He is also drafting a second bill that would require state government to accept gold and silver coins as payment for taxes and fees.
If the state treasurer starts accepting precious metals as payment, Bradley said that could prod the private sector to follow suit - potentially allowing residents to trade gold for groceries...[Full Article]
Labels: currency, gold, North Carolina, silver
Monday, March 7, 2011
Kurt Nimmo
Infowars.com
Mrch 7, 2011
Oil market speculators used the escalating conflict in Libya as an excuse to jack up crude prices to $106 per barrel today. Crude oil prices rose on news opposition forces and soldiers loyal to Moammar Gadhafi clashed near some of the country’s key energy infrastructure.
Benchmark crude for April delivery was up $2.25 to $106.67 a barrel by early afternoon in Europe. The price increase is the highest since September 2008, according to the Associated Press. In London, Brent crude for April delivery was up $1.80 to $117.77 a barrel on the ICE Futures exchange.
Asian stocks and currencies also fell on news of rising violence in the Middle East. The MSCI Asia Pacific Index dropped 1.1 percent to 137.83 as of 3:32 p.m. in Tokyo, led by a 1.8 percent drop in Japan’s Nikkei 225 Stock Average.
Oil prices were on a steady rise prior to the engineered revolutions in North Africa. Traders were convinced that demand for oil was set to rise by around 2 percent in 2011. Industry experts and Wall Street speculators predicted a gradual move to $120 and even $150 per barrel oil prices.
Gold and silver prices also spiked on Monday. Gold for April delivery was adding $15.80 to $1,444.40 an ounce at the Comex division of the New York Mercantile Exchange, according to The Street.
After rising 4.2% Friday, spot silver traded up a further 2% or 66 cents to $36.33 a troy ounce today, driven by higher oil prices due to political unrest in Libya and elsewhere in the Middle East, the Wall Street Journal reports.
In December, Lindsey Williams predicted the price of oil would skyrocket to between $150 and $200 a barrel this year. Williams served as a pastor on the Alaskan pipeline and has insider sources within the oil industry.
On March 1, Williams told Alex Jones the uprisings in the Middle East are engineered by the global elite and will soon spread to Saudi Arabia.
Protests are planned in the oil kingdom and the government has promised to dispatch 10,000 troops to put down any dissent. The demonstrations were initially planned for Friday – the Muslim day of worship when demonstrations are traditionally held – but organizers of demonstrations have decided to take to the streets today, March 7, according to Forex News. On Saturday, Saudi Arabia announced it would not allow any demonstrations or sit-in protests in the country.
A member of Saudi Arabia’s royal family, Prince Talal Bin Abdul Aziz Al Saud, said on February 17 the kingdom may see protests unless King Abdullah introduces reforms, according to BBC Arabic TV. Abdullah announced plans to spend about 110 billion riyals ($29 billion) on programs aimed at boosting housing, education and social welfare.
In response to the prospect of demonstrations in Saudi Arabia and the growing conflict in Libya, Dubai’s shares retreated for a third day on Monday. “Investors are shunning assets in the region as the political turmoil, which started in Tunisia more than two months ago, expanded to Oman, Bahrain, Yemen, Libya and Iran,” reports Bloomberg.
On Tuesday, March 1, the Tadawul, the largest stock market in the Arab world, plunged 6.78 per cent following the arrest of a prominent Shia cleric and the prospect of demonstrations in Saudi Arabia.
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Kurt Nimmo edits Infowars.com. He is the author of Another Day in the Empire: Life In Neoconservative America.
Labels: gold, Kurt Nimmo, oil, Saudi Arabia, silver
Friday, March 4, 2011
NEW YORK (TheStreet ) -- Gold prices rose after an expectation-meeting U.S. jobs report and a double digit selloff on Thursday. Silver also tapped a 31-year high.
Gold for April delivery added $12.20 to $1,428.60 an ounce at the Comex division of the New York Mercantile Exchange. The gold price today has traded as high as $1,432.80 and as low as $1,413.80. The spot gold price was adding $13, according to Kitco's gold index.
Silver prices added $1 to $35.32 an ounce. U.S. dollar index was slightly lower at $76.38...[Full Article]
Thursday, September 30, 2010
In Investor Rush to Precious Metals, Silver Outpaces Gold
Gold and silver prices surged to new records Tuesday as the dollar weakened against major currencies, continuing a trend that has left Americans scrambling for alternatives to traditional investments such as stocks and money market accounts.
Silver touched $22 an ounce Tuesday, the highest since 1980. Silver has surged 36 percent this year from less than $9 when the financial crisis began in 2008. Gold, which has increased 19 percent in 2010, jumped to $1,313 an ounce, the highest ever recorded.
With stocks in the dumps and government deficits spiraling, Americans are increasingly turning their attention to silver and other precious metals...
[Full Article]
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