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December First Report ( December 1, 2008)
(12/1/08) The currently accepted consensus is that the
various federal ‘rescues’ and ‘bailouts’ conceived over the past
few months will clock in at some $7.5 trillion dollars. Or, to
put it another way, $7,500,000,000,000.
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for full story
Why during Thanksgiving week is there more scary stuff out
there than on Halloween?
(November 23, 2008)
And why does Christmas only make us
think of ‘plunging seasonal retail sales?’ As for Happy New Year
– go on, say it if you’ve got the nerve. How many ways can you
say tumble, plummet, slump, dump, calamity, disaster, fall off a
cliff, jump out a window? After a while, frightening headlines
no longer surprise, or, for that matter, even register. The
further fall of sales, prices, shares, confidence, employment,
and the slowdown of the world’s economy in general starts to be
taken for granted.
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for full story
Before We Give Thanks (November 23, 2008)
Why during Thanksgiving week is there more scary stuff out
there than on Halloween? And why does Christmas only make us
think of ‘plunging seasonal retail sales?’ As for Happy New Year
– go on, say it if you’ve got the nerve.
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for full story
Gold As It Is Today (November 8, 2008)
Now in the sixth week of 2008's Great Gold Rush, gold
bullion product remains scarce, demand for physical gold
continues to be off the charts, while prices remain moribund.
What’s a gold buyer to do?
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for full story
Gold Wakes Up, and Totally Falls out of Bed (October 25,
2008)
Last week, seemingly everything went down in price versus
the dollar – US stocks, oil, most commodities, and
spectacularly, gold, falling some 14% from the $801 London
morning fix on 10/17/08 to $692.50 just a week later.
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for full story
The Worst Week Ever, and Gold Sleeps Through It (October 12,
2008)
It sure was a terrible week, with trillions of dollars of losses
for the stock markets of the world, financial lockups and
meltdowns everywhere, bailouts, takeovers, fretting, panic, and
a general wailing and gnashing of teeth. Meanwhile, gold doesn't
seem to be paying attention. What's up with that?
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for full story
Sold Out! (October 6, 2008)
At this time, worldwide mints and refiners have been overwhelmed with
demand for physical gold bullion. Unhappily, we are having to
suspend further sales of our standard bullion products until
such time as new supplies become available.
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for full story
A 21st Century Gold Rush (October 3, 2008)
Three weeks of unprecedented demand for gold bullion coins and
bars have left the shelves of mints, refiners, distributors, and
dealers virtually empty. There simply is not enough refining and
production capacity to keep up with crisis-level demand.
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for full story
Genuine Shortages of Bullion Gold Products (September 25,
2008)
As bullion dealers, we are disappointed to announce what we hope
is a temporary shortage of many of the most popular bullions
products at this time. What has been rumor over the past few
weeks is, unfortunately, now fact.
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for full story
The Gangbusters Week of Billions and Trillions (September 21,
2008)
A lot happened this week. Gold, for instance, soared from $778
on Wednesday's close to Thursday's after-hours high of $924, its
biggest one-day price gain since 1980. Lehman, AIG, Merrill
Lynch, and much of what used to be, no longer is. Gold sales are
just gangbusters.
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for full story
Gold Update, Products and Possibilities (September 13, 2008)
The US market for physical gold bullion is going through
extraordinary time, with demand surging in the face of a 25%
drop in gold spot prices since March. So exactly where are we
today?
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for full story
What is a Gold Bullion Supply Chain? (August 30, 2008)
Talk is everywhere of gold shortages. American
dealers, it is said, are running out of gold bullion to sell.
Delays in delivery are causing confusion. And of course,
misunderstandings are flying at Internet speed.
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for full story
Remember GATA? Another Gold Conspiracy Unveiled!
(August 16, 2008) On Thursday 8/14/08, the Mint notified its
bullion distributors that the 1-ounce size gold Eagles were out
of stock and temporarily not on offer for a while, with more
details to follow early next week. Then the fun began…
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for full story
How About Some Official Gloom & Doom? (July 15, 2008)
Any time gold prices go up $100 in a month, it’s certain
that big money is betting that things in this world aren’t
exactly going hunky-dory. Let’s take it from Ben Bernanke
himself.
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for full story
Daddy, What Was Silver? (June 18, 2008)
Driving back from a Saturday jaunt down to old Tombstone,
the rich pearl of the Arizona Territory during its silver mining
boom circa 1879-1886, silver was definitely on my mind.
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for full story
What IS Money? (May 18, 2008)
In the early days of our country, before the expense of the
Civil War required the Union to take unto itself the monopoly
issuance of legal tender, paper money was a Hydra-headed
agglomeration of notes both true and false. Today, our money is
standardized and taken for granted, yet who can we believe about
its true value?
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for full story
At the Phrase “Metric Tonne,” Hang Up Immediately (May 1,
2008)
For centuries, scams have been based on vast quantities of
gold. The lure of treasure is strong, and tales of gold hoards
lost, found, or available on the cheap have a universal appeal
to those who can be convinced that money grows on trees.
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for full story
A Short Pause in the Action (April 7, 2008)
While gold corrects some 12% from its March 2008 (and
all-time) high, we finally find space to breathe, clear off some
old business, and try to throw some words up on the old website
after a hectic first quarter.
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for full story
Another Saturday Morning Adventure in Coins (March 9, 2008)
To quote Jim Anchower, “I know it's been a long time since I
rapped at ya, but things got crazy, if you know what I mean.”
Gold soaring, paper crumbling, banks shaky, economy in recession
– but let’s talk about my weekend.
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for full story
What IS Spot? (February 25, 2008)
One of the most frequently asked questions we hear lately
is, why are our gold spot prices lower than what is reported in
the media, such as CNBC or other business news programs?
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for full story
The MLK Day Panic of 2008 (January 28th, 2008)
Without a doubt, what we just saw was this century's most
memorable week in world financial history. It included official
recognition of a US recession, a pre-dawn rate cut by the Fed, a
series of massive swings in equities and precious metals
markets, and the return of the "rogue trader."
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for full story
Gold Hits an All-time High Price! Sort of. (January 9th,
2008)
As recently as 2001, gold could be had for $258/ounce. Jill Leyland, the
World Gold Council’s chief economist says: “Gold was considered
old-fashioned.” On Wednesday, 1/9/08, gold traded at $879.50, a
price never seen before.
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for full story
2008 and Gold – Here We Go! (January 2,
2008)
Gold’s rise of some 32% in
2007, from $638.75 on the first trading day, to the 12/31/07
closing price of $834.9 was its most spectacular year-on-year
performance since 1979.
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for full story
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