Gold and silver hoard reveals the terror of Queen Boadicea’s assault on Roman city of Colchester
News.com.au September 5, 2014
ONE thousand nine hundred years ago, British warrior-queen Boadicea stormed a Roman stronghold.
Today, the tale of the last moments of one of her victims — a rich noble woman — has been unearthed.
Boadicea led the assault on the Roman capital of Britain in about AD60. Her tribal followers — enraged by the humiliating beating of their queen and the rape of her daughters — vented their full fury on the occupants of the newly founded frontier city of Colchester.
The price they extracted from their Roman overlords was brutal.
As the savage tribesmen and women surged over the walls, one wealthy Roman woman hid her personal collection of jewellery. She hoped it would stay safe while she fled to the town’s temple for refuge...MORE (News.com.au)
Gold-Plated Mansion 'Palais Royal' Hits The Market For $139 Million In Florida
Forbes 9/04/2014: A 60,000-square-foot Beaux Arts mansion with a 22-carat gold-leaf entrance gate has just been listed for $139 million, making it the new most expensive home officially on the market in America. And the house is not even fully built.
Le Palais Royal, as the 11-bedroom, 17-bath new mega-mansion is being called, was the pet project of a very wealthy owner who has since decided to abandon his dream palace in order to travel the world on his yacht. The massive home lies on 4.4 acres on Millionaires Mile in Hillsboro Beach, Florida, halfway between Fort Lauderdale and Boca Raton. It’s still under construction, scheduled to be complete by the end of next year, says listing agent William P.D. Pierce of Coldwell Banker Residential Real Estate. He would not disclose the owner’s identity...MORE (Forbes)
Century-old London gold price benchmark starts makeover
Reuters Thu Sep 4, 2014
The operator of the London gold price benchmark said on Thursday it formally started the process to find a new administrator for the century-old mechanism that will halt the telephone call that four institutions enter twice a day in favour of an electronic solution.
The London Gold Market Fixing Ltd (LGMFL), along with the London Bullion Market Association (LBMA), said in a statement that the choice will be announced in October, and implementation will be complete by the end of 2014.
The price-setting process, also known as the fix, has been used by producers, consumers and investors to trade gold and value their shares since 1919...MORE (Reuters)
"The Secret World of Gold" HD Science Technology Documentary
Here's a great, free DocumentaryHD presentation called "The Secret World of Gold" from June. If you missed it like we did click on full screen and enjoy- at least as long as DocumentaryHD keeps it on youtube.
The Secret World of Gold HD Science Technology Documentary The following documentary moves from historical shipwrecks to Nazi 'death gold' and England's war chest to recent years where widespread economic uncertainty has given the yellow metal a "new lustre in the world of high finance."
Valued for its permanence, beauty and scarcity, people will lie, cheat, steal and kill in the name of gold; and the clip provides color on many of the market manipulations of the last few years. As MacDonald says, whether it's a few gold coins or gold bars stored in one of the many vaults around the world, many investors are taking a shine to gold.
But there's not a lot of it. It is said that, even melted down, there would not be enough to fill an Olympic swimming pool. Some claim that much of the gold held by the Bank of Canada, the Bank of England, the Federal Reserve and Fort Knox is gone - that for every 100 ounces of gold traded, there exists only one ounce of real, physical gold. So, where is the gold - and who really owns it? -Documentary HD Visit the Youtube Channel
Have your own gold mine for $100
Gold Mining Tutor: Anyone with a pickup, a pump and a shovel can mine enough gold in a month to pay off their mortgage.
We are the gold mining tutor team Paul, Warren and Larry aka(3 crazy miners)
We have discovered a wealth of gold in Utah and Nevada
There are only three things standing in our way. We need your help to raise $15,000 and in exchange we are opening up our gold claims to the public
...$100 contribution you can have shared access on a 20 acre claim. There are an average of 1000oz of gold in each acre. The gold is recovered by skimming the ground a foot at a time with a bulldozer. Then locating the nuggets with a metal detector. This method is being used on the adjacent property where thousands of oz have already been recovered... Read the full story at Indegogo.com
The US Gold in Fort Knox is Secure, Gone, or Irrelevant?
GE Christenson Safehaven.com Tue, Aug 19, 2014
In 1950 the US owned about 20,000 metric tons of gold - approximately 640,000,000 troy ounces. By August 15, 1971 when President Nixon "temporarily" closed the "gold window" that hoard had decreased to about 8,100 tons (Fort Knox, the NY Fed, and other locations). The US government had been overspending, exporting dollars oversees, and other governments had "cashed in" those dollars for gold. At that rate of decrease, the US gold hoard would have been entirely dissipated by now. Perhaps it is gone!
President Nixon had a choice - default on the US promise to redeem dollars with gold, or reduce spending. Like any prominent politician he chose to continue spending and to blame the problem on someone else - the "international money speculators" but it might as well have been the Russians, Democrats, the French, Communists, an ethnic group, or the weather - anyone but those responsible - The President, Congress, and the bankers.
Forty three years later (since August 15, 1971) the "temporary" policy is still in place, the US government has officially redeemed no dollars for gold, and the US economy has deteriorated...
...The Federal Reserve has "printed" well over $3,000,000,000,000 since the financial crisis of 2008 - about ten times the current market value of all the gold that the US supposedly still has in its vaults. Global annual gold production is about 2,500 tons, about 80,000,000 ounces or about $105,000,000,000. One hundred five billion dollars in global gold production is produced through the considerable efforts of the global gold mining community. But the Fed chose to "crank up the printing presses" and effortlessly created over $3 Trillion in new digital dollars since 2008. The Fed has temporarily saved the banks, the US credit rating, the bond market, the S&P 500 Index, and the upper 1%, and will continue to do so for as long as they can sell the recovery story to manage the crisis...MORE (Safehaven.com)
Gold Rush: Parker's Take- Tuesday 8/19 on Discovery
Discovery's highest-rated series "Gold Rush" is returning for a two-hour special to look back at how Parker Schnabel raked in 1,000 ounces of gold by the end of the show's fourth season. MORE (Discovery.com)
Oklahoma Moves Towards the Gold Standard
Keith Weiner Forbes.com August 18,2014 There is strong opposition to any proposal to end the Federal Reserve and move away from its paper dollar. The Fed has many ideological and, of course, crony supporters. So it’s interesting that there was little controversy in Oklahoma around removing one of the obstacles to the use of gold as money. Republican Mary Fallin, the governor of the Sooner State, signed into law legislation that recognizes gold and silver as money. There was bipartisan support, particularly in the state Senate.
Oklahoma doesn’t force anyone to accept gold or silver in payment. It simply exempts them from state sales tax. While sales tax on the metals was probably a minimal source of revenue for the government, it was certainly a major competitive disadvantage to bullion dealers. Price sensitive buyers simply shopped out of state.
Utah has a similar law, which also exempts the monetary metals from capital gains taxes, and Arizona has been trying to pass one. Capital gains tax on the metals is a roadblock preventing their circulation. Although the Oklahoma law is more modest, exempting only sales tax, it’s an important step towards the gold standard...MORE (Forbes.com)
118 Years Ago Today: Gold Discovered in Yukon
On August 16, 1896, an American prospector named George Carmack, his Tagish wife Kate Carmack, her brother Skookum Jim and their nephew Dawson Charlie were travelling south of the Klondike River. Following a suggestion from Robert Henderson, another prospector, they began looking for gold on Bonanza Creek, then called Rabbit Creek, one of the Klondike's tributaries. It is not clear who discovered the gold: George Carmack or Skookum Jim, but the group agreed to let George Carmack appear as the official discoverer because they feared that mining authorities would be reluctant to recognize a claim made by an Indian.
In any event, gold was present along the river in huge quantities. Carmack measured out four claims, strips of ground that could later be legally mined by the owner, along the river; these including two for himself—one as his normal claim, the second as a reward for having discovered the gold—and one each for Jim and Charlie. The claims were registered next day at the police post at the mouth of the Forty mile River and news spread rapidly from there to other mining camps in the Yukon River valley.
By the end of August, all of Bonanza Creek had been claimed by miners. A prospector then advanced up into one of the creeks feeding into Bonanza, later to be named Eldorado Creek. He discovered new sources of gold there, which would prove to be even richer than those on Bonanza. Claims began to be sold between miners and speculators for considerable sums. Just before Christmas, word of the gold finds reached Circle City. Despite the winter, many prospectors immediately left for the Yukon by dog-sled, eager to reach the region before the best claims were taken. The outside world was still largely unaware of the news and although Canadian officials had managed to send a message to their superiors in Ottawa about the gold finds and the rapidly increasing influx of prospectors, the government did not give the matter much attention. The ice prevented river traffic over the winter and it was not until June 1897 that the first boats left the area, carrying the freshly mined gold and the full story of the discoveries...Full History (Wikipedia)
Barclays in a weekly report said that absence of basing signals and weekly close below the $1240 range, add to the downside bias for gold in the near term.Marginal cash cost is estimated at $988/Oz while marginal all-in sustaining costs were $1285 an ounce
In silver, the selling pressure started around July 15th of this year and the selling has not stopped. Silver futures prices dropped from roughly $21.50 to $18.50 an ounce in about two months. This represents a near 14% decline in the price of silver over the past 2 months.
Gold could gain haven demand if Ukraine ceasefire proves to be short-lived. The ceasefire between Ukraine and Russian-supported rebels appears to be under threat after multiple reports of shelling between the two sides