Free Talk Live - Published news - Commodities / Metals

China plots against the dollar hegemony

MuslimNonarchist — Thu, 15 Sep 2011 17:12:54 +0000

According to a leaked cable the increase in China’s gold reserves is intended to “kill two birds with one stone.” Firstly, it serves as a model for other countries to encourage reserving more gold, and therefore less USD. Second, it strengthens the Chinese currency, the Renminbi, so that it can begin to replace the declining USD as the world reserve currency. All of this spells bad news for the American economy.

WikiLeaks release Beijing undermining the US dollar through gold

highwindsteam — Tue, 06 Sep 2011 22:39:28 +0000

WikiLeaks release of a U.S. State Department internal cables on the subject of Beijing’s plan for undermining the U.S. dollar through the gold market

Also located at http://news.goldseek.com/GoldSeek/1315326888.php

Ben Bernanke: Gold Is Not Money

losingfeeling — Wed, 20 Jul 2011 07:10:22 +0000

In a July 13, 2011 exchange between Rep. Ron Paul and Fed Chairman Ben Bernake, Dr. Paul asks whether or not Bernanke believes gold is money. After a short pause, Bernanke answers "no," claiming that central banks only hold gold because of tradition.

Utah Legalizes Gold, Silver Currency: Spawns Gold Backed Credit Card

Fizzul — Mon, 23 May 2011 03:13:12 +0000

Craig Franco hopes to cash in on Gold currency legalization with his Utah Gold and Silver Depository. His business idea: Store your gold and silver coins in a vault, and Franco issues a debit-like card to make purchases backed by your holdings.

Forbes Predicts U.S. Gold Standard Within 5 Years

Deslock Darkstar — Wed, 11 May 2011 12:13:22 +0000

A return to the gold standard by the United States within the next five years now seems likely, because that move would help the nation solve a variety of economic, fiscal, and monetary ills, Steve Forbes predicted during an exclusive interview this week with HUMAN EVENTS.

Liberty Dollar Founder Convicted of Minting His Own Currency

virgil — Sat, 19 Mar 2011 16:58:39 +0000

Bernard von NotHaus, 67, was convicted today by a federal jury of making, possessing, and selling his own coins, announced Anne M. Tompkins, U.S. Attorney for the Western District of North Carolina. Following an eight-day trial and less than two hours of deliberation, von NotHaus, the founder and monetary architect of a currency known as the Liberty Dollar, was found guilty by a jury in Statesville, North Carolina, of making coins resembling and similar to United States coins.

World food prices reach new record

masshole — Thu, 03 Feb 2011 13:19:40 +0000

World food prices hit a new record high in January after rising for a seventh consecutive month, the UN's Food and Agriculture Organisation (FAO) said Thursday, warning the poor would be hit hardest.

The FAO Food Price Index, which monitors monthly price changes for a basket of commodities, averaged 231 points in January -- up 3.4 percent from December and its highest level since FAO started measuring food prices in 1990.

The Market Value of Gold and Silver if the Dollar Fails?

ddonza50 — Wed, 01 Sep 2010 00:17:22 +0000

If the dollar failed tomorrow and gold and silver took its place...Heck Yes!! Is it safe to say that the buying power of an ounce of silver or gold would match that of their current spot prices. In other words 1 ounce of silver would buy about $19.00 worth of goods and gold would buy apx. $1,200.00 worth of goods. Or would their values change dramatically therefore their buying power would be worked out overtime by the market.

It's Ponzimonium in the Gold Market

spideynw — Tue, 06 Apr 2010 19:09:45 +0000

"...This means that there are thousands of clients – Asian and Middle Eastern governments and sovereign wealth funds among them – who think they own hundreds of billions and perhaps trillions of dollars of gold bullion, and are being charged storage fees on that fantasy bullion, but they really own unsecured gold loans to the banks at a negative interest rate..."

Credit Card backed by your gold

Dr. Blunkenstein — Tue, 09 Mar 2010 20:37:00 +0000

In the language of credit cards, “gold” has long been used to describe a certain level of benefits and consumer protections. Many banks issue Gold Visa or MasterCard credit cards, and American Express features a Gold card in its charge-card lineup.
Soon, “gold” will be used to describe a new type of credit card – but in more literal terms. The Gold Bullion credit card promises to be backed up by the value of your own gold bullion coins. Don’t have any? The company marketing the card can buy them for you at market rates.

Billionaire Soros bets big on Gold

d_goddard — Wed, 24 Feb 2010 18:14:15 +0000

Billionaire superstar investor George Soros massively invests in gold; mainstream media misquotes Soros describing "Gold bubble"

Bullion and Bandits: The Improbable Rise and Fall of E-Gold

johnson — Tue, 09 Jun 2009 22:35:33 +0000

Florida oncologist Douglas Jackson gave up his medical practice to pursue the crazy dream of creating a digital currency independent of any nation, and backed by gold and silver. Libertarians and computer criminals were thrilled, but the U.S. government was determined to stop him. And it did.