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Treasure Hunters Find 7 Million Ounces of Silver On SS Gairsoppa
On February 16, 1941, Ernst Mengersen, Captain of Nazi U-boat 101, torpedoed the starboard side of the British merchant ship SS Gairsoppa, sending her to the bottom of the Atlantic. Little did Captain Mengersen realize that the value of the sunken ship's
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A Perspective On The Plunge In Gold and Silver
Fed Chairman Ben Bernanke set the world on fire this week as his latest scheme to "twist" long term interest rates lower pleased no one and triggered a 737 point drop in the Dow. In addition, the Fed panicked investors
Gold and Silver Soar On Fears Of Massive Central Bank Stimulus
Precious metals soared across the board this week. The dismal jobs report released on Friday showed that the American economy has come to a standstill with zero new jobs added in August. The specter of the US economy
Why Have SPDR Gold Trust (GLD) Holdings Dropped As Gold Soars?
The SPDR Gold Shares Trust (GLD) reported that holdings of gold bullion remained unchanged from the previous week, after dropping by 39.67 tonnes for the week ending August 24th. On a year to date basis, GLD gold holdings
Gold And Silver ETF Holdings Remain Steady As Gold Plunges
Gold's non stop advance since early July saw a rapid reversal on Wednesday as gold lost $104.20 to close at $1,752.30 in New York trading. Gold prices have soared this year on fears of another financial
Ron Paul Goes All In On Gold and Silver
Rep. Ron Paul, a long time critic of the Fed and advocate of the gold standard, is all in on gold and silver. Ron Paul has consistently warned of the dangers of a Fed gone wild on easy money and a Government that
Americans Remain Tragically Underinvested In Gold And Silver
As predicted many times in this blog, the over indebted and over leveraged world financial system is starting to unravel at warp speed. Massive amounts of borrowing by governments during the financial meltdown of 2008
SPDR Gold Trust And iShares Silver Trust Holdings Decline
Gold holdings of the SPDR Gold Trust (GLD) declined slightly on the week by 24.54 tonnes after a gain of 10.22 tonnes in the previous week. GLD gold holdings have declined by 8.74 tonnes since the beginning of
Ultimate Price Of Gold Will Shock The World As Loss Of Global Confidence Leads To Economic Collapse
Gold had another stellar week while stock markets gyrated wildly. As measured by the closing London PM Fix Price, gold gained $77.25 on the week, hitting all time highs and closing at $1,736. After the London
Gold ETF Holdings Hit All Time High As Silver ETF Holdings Decline
The SPDR Gold Shares Trust (GLD) added 10.22 tonnes of gold since last week as gold prices continue to surge higher. The GLD now has a net gain in gold holdings of 15.80 tonnes since the first of the year.
