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Starting Jan. 1, 2012, Form 1099s will become a means of reporting to the Internal Revenue Service the purchases of all goods and services by small businesses and self-employed people that exceed $600 during a calendar year.
Those already outraged by the president's health care legislation now have a new bone of contention -- a scarcely noticed tack-on provision to the law that puts gold coin buyers and sellers under closer government scrutiny.
Those already outraged by the president's health care legislation now have a new bone of contention -- a scarcely noticed tack-on provision to the law that puts gold coin buyers and sellers under closer government scrutiny.
As everyone knows from elementary chemistry courses, gold is the most inert metal in the world - it does not rust, nor corrode. Yet this is precisely what is happening to thousands of (allegedly) .999 pure "St. George" coins.
A former advisor to the Chinese central bank, and influential economist, has called for his nation to diversify away from U.S. treasury holdings. This comes after China cut its U.S. treasury holdings by $32.5 billion in May
Something Weimar this way comes?
The Health Care Bill mandates, according to Numismaster.com, Starting on January 1st in 2012, S federal law will require coin and bullion dealers to report to the Internal Revenue Service all gold and silver coin purchases and sales greater than $600
It is almost inconceivable that a single commercial bank could have accumulated so much gold alone. Observers have suggested that the whole affair looks like a secretive European bailout that a single country wants to keep quiet.
"The enormous amount of gold involved, nearly tripling what the BIS itself owns, left many market participants wondering about the nature of the deals. The BIS declined to identify the commercial banks involved. ... It isn't clear what prompted...
Bernanke knows how unpopular he and his fascist institution are right now after all of the crimes they have committed in plain view since 2008. As such, he knows he needs cover for QE2 and that means some sort of deflationary shock that scares...
One of the big hints that gold stocks will be ready for take-off is when they stop following the broader markets and strictly track gold, particularly if the market falls and gold stocks don’t. We now have data showing this has just occurred. From
The first whiff of what I would have never expected could occur: hyper-inflation, preceded by a terrific market crash in late September. That is just how bad that the policy errors of Summers and Bernanke have been, and how badly the plutocrats...
If this drain of COMEX silver inventories continues, it could literally be the spark that brings down the entire global financial system. This run won’t be confined to the silver market for long. Owners of paper gold will see what is happening, too.
If anyone has been buying gold on strength, then it's Russia. The nation just bought another 22.5 million tonnes of gold reserves in May, after adding 27.6 million tonnes in April. This continues a long streak of gold additions since 2005...
It appears Russia is only getting started. According to the latest IMF data, in the period between April and May, Russia added another 22.5 tons, bringing its May total to a fresh record of 703.1 tons.
Everyone knows how in 1980 gold hit $850oz. But few recall that same year, silver hit $50oz.!!!! While gold has long surpassed its 1980 price, silver would have to more than double,...and there lays opportunity!
'China is considered a stealth buyer of gold, said Boris Schlossberg, director of currency research at Global Forex Trading. As the world's largest producer of the metal, China often buys gold from its own mines and doesn't report those sales...
Gold bullion came just short of its all-time high and U.S. gold futures ran up to their highest close ever on Thursday on both concern over Europe's credit problems and downbeat U.S. data which encouraged a fresh sweep into safe-haven assets.
The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to fundamentally alter the Afghan economy and perhaps the Afghan war itself.
The role of gold in society was succinctly summed up by J.P. Morgan in 1912 when the renowned financier stated that "Gold is money and nothing else." Ironically he made that comment one year before the U.S. Federal Reserve was created.
It is fairly typical in the midst of economic crises like these for gold to come under attack from Keynesians economists and their amen corner in the media. The arguments against gold are usually straw men, based on a fundamental misunderstanding of
The price of gold could drop 40 percent from its all-time high because of bearish technical momentum and deflation amid a European debt crisis, said Elliott Wave International President Robert Prechter.
Earlier spot gold hit an all time high in dollars ($1,251.5/oz) and all other currencies. Any minute now it will go back to 0, the central bankers and skeptics say, just because the politicians really have it all under control...
Get ready to sharpen your trading skills with these useful tools as Jim brings it to you....Tecnically Speaking.
The failure this past week of these manipulation efforts is a huge signal that we are closer to the day when the floodgates will give way and we see gold and silver prices surging more quickly and by greater percentages.
The supply backdrop is also highly conducive to a sustained bull market. Mined production is no higher now than it was a decade ago and has fallen outright in 5 of the past 8 years.
It's not even midway through 2010 and Caterpillar has sold out of some of its largest mining vehicles because of rising commodity prices, and is now taking orders for 2011 delivery.
Whereas gold is seen as a store of value and a hedge against economic Armageddon, what some call "Dr. Copper" is said to be the metal with a Ph.D. in economics for its ability to presage the future of the global economy.
We released our 2010 Silver Buying Guide last week and the silver price promptly cratered. So does this change our view of gold’s shiny cousin? Hardly.
Meanwhile, the most popular alternative to currencies, gold, isn’t such a good buy either, according to the veteran market watcher. “It’s losing upside momentum at the same time more people are getting more enamored with it,” he notes.
