Tag Archives: Precious Metals

How does $40M of Gold and Silver Disappear: The Tulving Collapse

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“The Tulving Company, one of the first names many people think of when recommending bullion dealers, shut down on March 3, 2014, and declared bankruptcy a week later. By itself, that would be big news. But by my calculations, when they shut down, they owed upwards of 1,000 customers about $40M.  In August, 2011 they claimed an inventory of silver worth $25,000,000. Today, their inventory is worth less than $50,000, and they may owe as much as $40,000,000. How in the world could that have happened?”

http://www.coinweek.com/bullion-report/tulving-company-collapse/

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Junior Mining Stocks to Beat Previous Highs

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“There’s been no fallout (yet) from the unprecedented currency dilution undertaken since 2008—and we don’t believe in free lunches.  The gold mania train has not yet left the station, but the engine is running and the conductor has the whistle in his mouth. This means…  Any correction ahead is a potential last-chance buying opportunity before the final mania phase of this bull cycle takes our stocks to new highs, well above previous interim peaks.  In spite of the good start to 2014, most of our 10-bagger gold stocks are still on the deep-discount rack.”

http://www.caseyresearch.com/articles/junior-mining-stocks-to-beat-previous-highs-1

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Should We Really Put Gold in an IRA?

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“Until now, foreign gold storage for IRAs, while available for US investors, has been a tedious process, with the setup requiring a good deal of time, paperwork, and expense. However, the Hard Assets Alliance just announced that its vault in Zurich, Switzerland can be used to store Gold Eagles (only) in an IRA with the same ease and convenience of a US IRA. This gives us an international storage option for our gold—and in one of the strongest jurisdictions to boot.  This is a breakthrough offering in the industry—one you won’t find elsewhere. The minimum for this vault is $10,000 (the Hard Assets Alliance only requires $5,000 for US storage).”

http://www.internationalman.com/articles/should-we-really-put-gold-in-an-ira

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Agora Commodities Surpasses $10 Million in Bitcoin Sales

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“Agora Commodities was one of the earlier innovators in the Bitcoin market when they announced that they would begin accepting Bitcoin for payment for gold and silver. Since that time they have done over $10 million in Bitcoin transactions alone. In just under one year Agora Commodities has become the largest Bitcoin to Bullion dealer in the world.  Agora Commodities is the first full service Bitcoin to Bullion dealer. They offer all the most popular gold, silver, platinum, palladium, and rhodium investment grade bullion products at the lowest prices. Visit them on the web or (877) 576-7342 to find out how they can help you secure your financial future.”

http://www.digitaljournal.com/pr/1810619

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Don’t Keep Your Gold and Silver in the US, Says Marc Faber

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“‘My view would be that we have already printed so much money, and to accelerate it will be bringing about numerous other problems, so my time frame is that the [bubble], maximum, will burst in three years’ time.’ [..] ‘I don’t think that anything is very cheap, but if I have to compare different asset prices, say real estate, stocks, bonds, commodities, gold, art, and so forth—and old cars—then I think that gold and silver [are] relatively inexpensive because they have had big corrections already, and you should not forget that the global bond market now is over $100 trillion.'”

http://www.caseyresearch.com/sound-money/dont-keep-your-gold-and-silver-in-the-us-says-marc-faber

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Jeff Berwick: Bitcoin Is Equivalent to the Internet in 1993

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“Perception of Bitcoin now is like of the Internet in 1993. Mt Gox, Tesla and the free market. US government pressuring foreign governments making it harder to get foreign citizenship. Staggering fraud in the banking sector and banker suicides. Crazy Keynsian thinking. Russia and China more free market than the West. Disaster brewing for the West. The move into precious metals stocks.”

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Ukraine’s Gold Reserves Secretly Flown Out by the New York Fed?

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“The unconfirmed source quoted by Metal.com, says that the operation to airlift Ukraine’s gold had been ordered by the acting Prime Minister Arseny Yatsenyuk with a view to safe-keeping Ukraine’s gold reserves at the NY Fed, against a possible Russian invasion which could lead to the confiscation of Ukraine’s gold reserves.  The National Bank of Ukraine estimated Ukraine’s gold reserves in February to be worth $1.8 billion. According to William Kaye: ‘That would amount to a very nice down payment to the $5 billion that Assistant Secretary of State Victoria Nuland boasted that the U.S. has already spent in their efforts to destabilize Ukraine, and put in place their own unelected  government.'”

http://www.globalresearch.ca/ukraines-gold-reserves-secretely-flown-out-and-confiscated-by-the-new-york-federal-reserve/5373446

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Gov’t takes nearly half of California couple’s $10M backyard gold find

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“One couple’s gold find could mean a jackpot for the IRS.  The Northern California couple that found $10 million worth of rare, mint-condition gold coins buried in the shadow of an old tree on their property will likely owe about half the find’s value whether they sell the gold or not.  The San Francisco Chronicle reports that the find is a taxable event under a 1969 federal court ruling that held a ‘treasure trove’ is taxable the year it was discovered. The report says after all is said and done, about 47 percent will go to state and federal tax, or the top tax rate.  Nearly all of the 1,427 coins that were found, dating from 1847 to 1894, were in uncirculated, mint condition.”

http://www.foxnews.com/us/2014/02/27/california-couple-in-10m-gold-find-to-owe-govt-about-half-report-says/

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Bill Bonner: Are We on the Cusp of a New Bull Market in Gold?

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Bill-Bonner2

“A major reason why gold so often looks good is that the alternatives so often look so bad. They are nicely summarized for us by Vivek Kaul, who we met recently on a trip to Mumbai, India.  Kaul’s new book, Easy Money: Evolution of Money from Robinson Crusoe to the First World War, tells the sorry story of the competition – the substitutes, the ersatz currencies, the monetary impostors that the world has seen come and, inevitably, go.  History doesn’t always give you a clear view of the future. But sometimes, the story of the past has the same cast of characters, themes and plot twists. In the American colonies, Mr. EZ Money was one of the first immigrants to step off the boat.”

http://www.bonnerandpartners.com/are-we-on-the-cusp-of-a-new-bull-market-in-gold/

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Bullion Bitcoin to Launch Professional Gold-Bitcoin Exchange

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“A new exchange for trading gold bullion and bitcoin is set to open on 21st February.  The Bullion Bitcoin exchange, based in London, will allow sophisticated investors, as defined by the UK financial regulator, to trade gold bullion and bitcoin. The exchange will not be open to retail investors.  Access to the exchange will be restricted to sophisticated investors, high net-worth individuals and professional clients, as defined by the Financial Conduct Authority, the financial services regulator in the United Kingdom. Traders on the exchange will also have to put up a minimum subscription of 1kg of gold (about $41,000).”

http://www.coindesk.com/bullion-bitcoin-launch-gold-bitcoin-exchange/

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