News Articles

Utah took its first step Friday toward bringing back the gold standard when the state House passed a bill that would recognize gold and silver coins issued by the federal government as legal currency.

The House voted 47-26 in favor of the legislation that would also exempt the sale of gold from the state capital gains tax and calls for a committee to study alternative currencies for the state...

The recent dip in the dollar is frightening as it declines against gold and peer currencies. Where does gold figure in the monetary system now - and might the U.S. again confiscate gold?

Just take a look at the chart of the U.S. dollar Index and you see a frightening sight. If it sinks any further its support will have evaporated. We have watched all this week the gold price rise and look good in the dollar. But in the euro it has barely moved.   Against the Swiss Franc the dollar looks so weak. With the Technical picture looking so poor, one turns to the fundamentals to see if they conflict or support a downturn for the dollar...

After President Obama released his new $3.7 Trillion budget on Monday Feb. 14th 2011 --- which forecasts deficits for 2011 at $1.6 trillion and $1.1 trillion for 2012 --- his budget director, Jacob Lew, gave testimony to the Senate Budget Committee on Tuesday Feb. 15th 2011. During the Senate Budget Committee hearing, Rep. Mick Mulvaney of South Carolina’s  5^th district points out: “These numbers just aren’t realistic and it’s not a credible document.”  Rep. Mulvaney questioned the assumptions that the revenues and growth in the budget forecast were based on.  In short, as massive as the budget numbers are, it is still hiding the reality of its size and scope. It is important that you read the testimony...

(By Chanyaporn Chanjaroen and Nicholas Larkin - Feb 15, 2011) - Billionaire investor George Soros increased his SPDR Gold Trust share holding by 0.5 percent in the fourth quarter and John Paulson kept his investment unchanged, filings with the U.S. Securities and Exchange Commission show.

(By Jason Hamlin - Jan 24 2011)  -  Gold is down 6% and silver 12% since the start of 2011. This is the sharpest decline in precious metals since June of last year and with technical support broken at the 50-day moving averages, many are concerned of a deeper correction ahead. While there are a myriad of factors driving the prices, two of the major opposing forces are...

(Steve Roach - Jan 12, 2011) WSJ’s investment scoreboard shows 10.3% increase for U.S. Key Date Rarities in 2010.

(Dec. 7, 2010)  The American Eagle Palladium Bullion Coin Act of 2010 passed in the House on September 29 and the Senate on November 30 and the President is expected to sign the Act, numbered H.R. 6166, into law this week.

(Reuters London, Nov 8) - World Bank chief urges G20 currency cooperation with gold standard idea.

(Kitco News - October 12, 2010) Goldman Sachs Analysts Forecast $1,650 Gold In 12 Months.