The Golden Road Out of Financial Crisis

The Daily Reckoning “Who goes borrowing, goes sorrowing.” – Ben Franklin Today’s reckoning is going to be short. We’re on the road again…this time to Ireland where our Family office is headquartered. The quote above comes from one of America’s founding fathers. But it was recalled to us neither by America’s president, nor America’s secretary [...]

Bowers and Merena Offers 6,000+ Lots in November Baltimore Auction

Bowers and Merena’s Official Auction of the Whitman Coin & Collectibles Baltimore Expo Features The Dr. Alfred R. Globus Collection Including Gem Example High Condition Census 1830 BD-1 Half Eagle IRVINE, Calif. – Bowers and Merena Auctions, America’s leading rare coin and currency auction house, will bring more than 6,000 lots of fine coins and [...]

Greenlight’s Einhorn Predicted Lehman Brothers’ Fall; Buying Gold

By Jennifer Ablan and Joseph A. Giannone Mon Oct 19, 2009 5:17pm EDT NEW YORK, Oct 19 (Reuters) – David Einhorn, the hedge fund manager who had warned on Lehman Brothers’ precarious finances, on Monday said he is buying gold and betting that interest rates will rise as he lambasted the U.S. government’s financial chiefs [...]

Australia’s Bass to build new base metals mine in Tasmania

Sydney-based Bass Metals on Wednesday reported that it was on track to kick-start the development of its Hellyer base metals project, in Tasmania, after a definitive feasibility study at the Fossey deposit proved it to be financially robust. The project was based on an initial ore production of 851 000 t over two to three [...]

Peru miners lukewarm on strike, eyes on Congress

Many employees at key mines in Peru reported to work on Tuesday as a 48-hour mining strike entered its second day with lukewarm support, while workers hoped Congress would vote to improve their benefits. Miners in Peru, a leading global metals exporter, have demanded the government pass laws that would lower the age for retirement [...]

Top Chinese miners see rising gold price ahead

China’s leading producers expect gold price to rise further, want metals price stabilisation and better technologies for their operations Read more….

US Hyperinflation?

The Daily Reckoning The finance ministers of the Eurozone met yesterday and they’ve tried to stem the euro’s (EUR) rise… But they’ll need more than words to get the job done! And so we begin a new day… Front and center this morning, the currencies – which had given background overnight to the dollar – [...]

Gold work lands researcher with nanotech award

A scientist has won a top nanotechnology award for research that could lead to gold atoms being used in more effective catalysts for the production of hydrogen fuel. Dr Oscar Custance of the National Institute for Materials Science in Japan has claimed the 2009 Feynman Prize for Experimental Work in Nanotechnology for work involving the [...]

Nationalisation of mines is fait accompli – Malema

ANCYL leader Julius Malema envisages a South Africa where the state owns 60% of all mines to "generate extra income" for the government. "The nationalisation of mines will happen, the Freedom Charter says that," Malema told reporters in Johannesburg on Tuesday. The ruling African National Congress must have its mind made up about it in [...]

Gold’s supermodel has no clothes

Will the world’s leading gold miners post any free cash flow for the third quarter of 2009? Read more….

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