The idea, according to Gaddafi, was that African and Muslim nations would join together to create this new currency and would use it to purchase oil and other resources in exclusion of the dollar and other currencies. RT calls it "an idea that would shift the economic balance of the world."
This guarantees that citizens who are trying to transfer their savings over to precious metals will be known to the authorities, leaving them vulnerable to government confiscation of their gold and silver later on down the line, as happened in 1933 under FDR.
China, already the world's second largest bullion consumer, has installed the country's first gold vending machine in a busy shopping district in Beijing, state media said on Sunday.
The WikiLeaks release of a U.S. State Department internal cables on the subject of Beijing’s plan for undermining the U.S. dollar through the gold market.
Wondering why gold at $1850 is cheap, or why gold at double that price will also be cheap, or frankly at any price? Because, as the following leaked cable explains, gold is, to China at least, nothing but the opportunity cost of destroying the dollar's reserve status.
A recent report reveals that the US created zero new jobs last month. The last time this happened was in 1945. The unemployment rate is still at 9.1%
Amid stock market turmoil, sales of gold rise on eBay as consumers seek stable investments
You walk by a grocery store and see a sign for milk at 39 cents a gallon. Curious, you enter the store and walk back to the coolers. To your surprise, you find that the shelves are empty and the store is out of milk. Feeling cheated, you ask to speak to the owner....
The US economy is also flat lining, with slower growth now expected - confidence in the country evaporated overnight and a frantic hour of trading on Wall Street sent the Dow Jones Industrial Average on its worst run since the financial crisis, falling for the eighth successive day.
A city in northern Taiwan is trying the Midas touch to persuade reluctant residents to clean up after their canines: offering a chance to win gold bars to anyone handing in bags of doggy deposits. Starting from August 1, dog owners and other residents of New Taipei City, bordering the capital Taipei, can hand...
07/16/11 Barcelona, Spain – In his recent commentary, Ambrose Evans-Pritchard sees the world nearing a revived gold standard as the US, Europe, and Japan all continue testing the limits of maximum sovereign debt levels. With potential for QE3 — a third round of the Federal Reserve’s quantitative easing program — on the horizon, governments...
As the twin pillars of international monetary system threaten to come tumbling down in unison, gold has reclaimed its ancient status as the anchor of stability. The spot price surged to an all-time high of $1,594 an ounce in London, lifting silver to $39 in its train. On one side of the Atlantic, the...
A treasure trove of gold and silver jewelry, coins and precious stones said to be worth billions of dollars has been found in a Hindu temple in southern India, officials said on Saturday. The valuables have an estimated preliminary worth of over 500 billion rupees ($11.2 billion), said Kerala Chief Secretary K. Jayakumar,...
With the U.S Government destroying the strength and value of the U.S Dollar at an alarming rate. Those that try to offset this with buying Gold and Silver, will now find it harder to protect yourself in a deepining financial crisis. One small step toward Executive Order 6102 part 2, and one giant leap...
End of Liberty exposes from a real life perspective how the U.S. is headed for a complete societal collapse. All Americans are now experiencing countless warning signs on a daily basis that a societal collapse is near. Unfortunately, most Americans don’t understand the significance of these warning signs. Each warning sign by itself...