Category: Z Legacy: Gold

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Some clear thinking about the price of gold.

August 4, 2015 Vilnius, Lithuania On April 2, 2001, the price of gold closed the market trading session at $255.30. And that was the lowest price that gold has seen ever since. In US dollar terms, gold closed the 2001 calendar year higher than it did in 2000. Then it did the same

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The amazing disappearance of GOLD from the American psyche

November 22, 2013 Dallas, Texas In George Orwell’s seminal work 1984, there’s a really great scene early in the book between Winston (the main character) and Syme, a low-level functionary at the Ministry of Truth. Syme is working on the 11th Edition of the Newspeak Dictionary, and he explains to Winston how the

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Five reasons why gold prices will decline

September 26, 2013 Santiago, Chile This morning I received a research note from a private bank I work with occasionally. Buried in the text was a call for lower gold prices, and the analysts listed five reasons why they think gold prices will decline. Here’s what they had to say:1) “We expect the scaling

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This is the way they’ll ‘nationalize’ gold

August 20, 2013 Rome, Italy It was just last week in the Land of the Free that a Federal judge declared Bitcoin to be a currency. And almost immediately after, the SEC announced ‘investigations’ into the digital currency. (You remember the SEC, the guys who are tasked with protecting the public from dodgy

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What gold nationalization really means

July 25, 2013 Vienna, Austria Gold owners are almost universally familiar with the story of Franklin Roosevelt criminalizing the ownership of gold back in 1933. Executive Order 6102 was signed on April 5, 1933, and it forbade the “Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States.” Roosevelt

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Banking giant predicts gold price collapse

April 29, 2013 Bangkok, Thailand ABN Amro, the Dutch state-owned banking giant, recently revised its global macro and gold outlook, forecasting a $1,300 gold price by the end of this year. Moreover, the bank forecasts $1,000 gold by December 2014, and $800 gold in 2015. Why? “The authorities — especially in Europe —

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What’s happening with gold & silver?

March 1, 2013 Sovereign Valley Farm, Chile For the last few weeks, I’ve had a steady stream of visitors make the trek down to Chile to escape the Northern Hemisphere winter and get a little taste of freedom. Chile is a place that will soon be the easiest place in the world to

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ViaMat Offshore Gold Storage

RED ALERT: World’s biggest gold storage company dumps US citizens

ViaMat, a Swiss logistics company that has been safeguarding precious metals since 1945, is literally the gold standard in secure storage. They have vaults from Switzerland to Hong Kong to Dubai, and they count among their clients some of the largest mining companies in the world. They know what they’re doing. And now

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Gold in Hong Kong: ridiculously cheap spreads

October 28, 2012, Hong Kong After spending a fantastic weekend in Myanmar, I headed to Hong Kong late Sunday to partake in one of my favorite activities: buying gold on the cheap. As we’ve discussed before, Hong Kong consistently ranks as one of the cheapest places in the world to buy gold. In

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What’s Next for Gold and Silver?

October 3, 2012 Bali, Indonesia In the investment world, it’s said that the best remedy for high prices is… high prices. And the best remedy for low prices is… low prices. In other words, when the price of an asset is high, demand cools off until prices fall. When the price of an

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Easier said than done

August 24, 2012 Spoleto, Italy If you haven’t heard yet, the committee which is drafting the platform for next week’s US Republican National Convention has announced that they are including a proposal to return to the gold standard. Big news. Ironic… given that it was a Republican president (Richard Nixon) who abolished the gold standard in

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The Cheapest Ways & Places To Buy Gold in 2021

The Cheapest Ways & Places to Buy Gold in 2021 AUTHOR PUBLISHED Looking to buy gold or silver as an insurance policy against the uncertainty the world faces today? Below we reveal the cheapest ways to buy gold and silver, and how you can find the least expensive places to buy gold coins,

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