The new season began Friday October 17 with a new crew. Here’s the official sneak peek
Summary: Returning for Season 5 is Parker, who proved himself in his rookie season mining the Klondike when he brought in over 1,000 ounces of gold worth $1.4 million. This time around, he’s set a lofty goal to double his take. Todd is also back after hitting rock bottom in the jungles of Guyana, South America, where he lost his land, most of his money, and ultimately his crew. Finally, Tony aka “The Viking,” and his team return after buying a $1 million, 75-year-old floating gold dredge he hopes will be his ticket to wealth.
Louis Cammarosano Smaulgld.com October 2014
On Novemeber 30, 2014, the Swiss will go to the polls to vote on a referundum “Save Our Swiss Gold” that, if approved, would require the Swiss National Bank (SNB) to hold 20% of its reserves in gold, repatriate any gold it holds outside its borders and cease selling any of its gold.
Will the Swiss gold initiative pass? What are the implications for the price of gold if Save Our Swiss Gold passes?
Switzerland is a country that is almost synonymous with gold. The idea of Switzerland conjures visions of vaults stuffed with gold buried deep in the Alps. Lately, however, Switzerland has been divesting a good portion of its gold. Gold as a percentage of Switzerland’s foreign reserves is just under 8%.
The “Save Our Swiss Gold” referendum is a ballot initiative spearheaded by Luzi Stamm, Vice President of the Swiss People’s Party, (Schweizerische Volkspartei or SVP) that would require the Bank of Switzerland to:
– hold at least 20% of its reserves in gold;
– repatriate of all of its gold currently held outside its borders; and
– ban selling any of its gold…MORE (Smaulgld.com)
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)
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)
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)
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
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
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)