Government is Too Big to Succeed
January 19, 2010 by goldguru · Leave a Comment
By Dr. Ron Paul, GoldSeek Last week, the Financial Crisis Inquiry Commission kicked off their first round of hearings on the causes of the economic meltdown on Wall Street. The commission is being compared to the the Pecora Commission launched in 1932 to investigate the causes of the Great Depression. The Pecora commission is beloved by those [...]
American Gold Bullion
October 30, 2009 by goldguru · Leave a Comment
Even though multitudes of American investors have lost faith in Wall Street and our nation’s banking system, they can still show their patriotism by purchasing American gold bullion, as they convert their wealth into precious metal diversification. Traditional investments in stocks and bonds have had their overextended course of contrived prosperity, now it’s time to [...]
Gindalbie receives final regulatory approval for Karara iron-ore development
October 30, 2009 by goldguru · Leave a Comment
ASX-listed iron-ore producer Gindalbie Metals has received its final environmental approval for the development of its Karara iron-ore project, in Western Australia. The decision by the Federal Government’s Department of Environment, which followed the announcement of state environmental approval on September 9, represented the final regulatory approval required for on-site construction and development work at [...]
Miners eye sea as land resources diminish
October 30, 2009 by goldguru · Leave a Comment
The diminishing nature of some land-based mineral resources (the resource determines where you mine and whether you mine – not a nongovernmental organisation focus which is, in fact, a welcome interest) has increased the importance of marine mining and has reignited the interest of mining houses in this new frontier. Although Southern Africa has a [...]
Newmont negotiating with Indonesia govt as divestiture deadline looms
October 30, 2009 by goldguru · Leave a Comment
Newmont Mining continues to hold talks with the government of Indonesia, ahead of a November 12 deadline for the sale of a total of 24% of the Batu Hijau copper/gold mine, CEO Richard O’Brien said on Thursday. The company understands that the local government will buy the initial 10% (the 3% and 7% stakes which [...]
Some Ironic Possibilities for the British Pound
October 29, 2009 by goldguru · Leave a Comment
Clive Corcoran submits: The following are some musings on the U.K. economy, prompted by an adage that seems quite appropriate for our times of thinking the unthinkable. The U.K. public finances are in dire straits with a likely deficit this year well in excess of £200 billion and with red ink as far as the [...]
Gold American Eagle Bullion
October 29, 2009 by goldguru · Leave a Comment
Many short-term investors prefer the liquidity of gold American Eagle bullion, since our government backs these modern coins for weight, and precious metal content. These 22-karat coins contain a full Troy ounce of pure gold, and their obverse design is among the most exquisite in existence. The obverse design on gold American Eagle bullion coins [...]
Gold to Rise to $2,000 Amid ‘Massive’ Inflation, Superfund Says
October 29, 2009 by goldguru · Leave a Comment
By Kim Kyoungwha Oct. 28 (Bloomberg) — Gold may rise to a record $2,000 an ounce in the next three years as investors hedge against “massive” inflation sparked by governments printing money, according to Superfund Financial Singapore Pte’s Aaron Smith. “In the next few years, after the deflation cycle, we’ll see massive inflation,” Managing Director [...]
Vedanta unit Sesa Goa under fraud investigation
October 29, 2009 by goldguru · Leave a Comment
India’s Sesa Goa, a $5-billion unit of London-listed metals group Vedanta Resources, is being investigated by the Indian government for financial and other irregularities. India’s largest iron-ore exporter said on Thursday it and its unlisted Sesa Industries (SIL) subsidiary were under investigation by the Serious Fraud Investigation Office (SFIO), and the probe had to be [...]
Vedanta Resources unit investigated by fraud
October 29, 2009 by goldguru · Leave a Comment
Sesa Goa is being investigated by the Indian government for financial and other irregularities Read more….