From 1879 onward, the U.S. government had pledged to redeem dollars for gold, at the time widely held to be the best insurance for the value of the new U.S. dollar. Washington then kept at least $100 million in gold coin and bullion. ...
The U.S. Mint tells CBS-6 News that certain gold and silver coins with a 2008 date have been depleted. Their spokesman calls the interest "extraordinary". A combination of people looking for something tangible to invest in during an ...
France was the first to call the US government’s bluff, and began to convert its dollar reserves into gold. Realizing that the jig was up, Nixon “closed the gold window” and severed the last vestige of a gold standard. ...
Therefore Warburg and his banking friends who put their money into gold at $20-66 before the stock market crash and shipped it to London, could now ship it back and sell it to the United States Government for the new higher price. ...
Today, the White House announced that President Bush signed H.R. 5714, the “United States Army Commemorative Coin Act of 2008,” now Public Law Number 110-450 [text or PDF]. The bill calls for 100000 $5 gold coins, 500000 $1 silver coins ...
Article one, section 10, of the United States Constitution states that “no state shall…coin money; emit bills of credit; make any Thing but gold and silver Coin a Tender in Payment of Debts”. Why were the founding fathers so against ...
The latest New Deal has the U.S. government pledging $7.76 TRILLION in bailout funds. This is more than half the GDP the U.S. produced last year. Where does the government get all this money from – ah yes, that would be you and me and ...
Gold inspires confidence, fiat currency….not so much. Holding any country’s currency has proven to be anything but safe. As to the US dollar, it is only a matter of time. The US government is doling out billions of dollars to just about ...
Marc Faber is a hard money, old school investor who thinks that the US government is going to reflate in order to avoid depression and that means gold. But, for those of you who don't know economic history, the fact is that this has ...
For instance, Via Mat charges approximately US$1400 to transport US$100000 worth of gold coins from the west coast of the United States to the company’s storage facility in Zurich. Extra charges apply for pickup and delivery to a ...
