gold

Maduro Removes Eight Tons of Gold from Venezuela’s Central Bank

Opposition legislator Angel Alvarado told Reuters on Wednesday the Maduro regime has removed at least eight tons of gold from Venezuela’s central bank for unknown reasons. At current prices, the gold is worth over $300 million. Alvarado’s account was backed up by three sources within the Venezuelan government.

Venezuelan President Nicolás Maduro hefts a bar of gold purportedly dug and processed in the Arco Minero, though experts have their doubts.

Venezuelan Socialists Visit Turkey to Refine ‘Thousands of Tons’ of Gold

Venezuelan Industries and National Production Minister Tareck El Aissami and a committee representing the socialist dictatorship arrived in Turkey on Monday to discuss the refinement of gold in that country, which agreed to help Venezuela with its gold supply following sanctions imposed by the United States.

Venezuelan President Nicolas Maduro (R) and Turkish President Recep Tayyip Erdogan are pictured at Miraflores Presidential Palace in Caracas, on December 3, 2018.

Gold Standard More Popular than Federal Reserve For Good Reason

At the Jackson Hole Economic Summit the American Principles Project demonstrated that the people can’t be fooled in the long term by monetary magic forever. In a national poll by McLaughlin & McLaughlin 1,000 respondents were asked if they would support the Gold Standard in the United States. 39% replied yes, 15% replied no, and 46% were undecided. That is more than a 2:1 ratio for favorability.

These results and the margin between approve and disapprove are better than recent polls on the Federal Reserve or its recent leaders as shown in recent Gallup polls over the last two years: Negative on the Fed and its leaders are very high, while negatives on Gold are very low.

The Associated Press

Jackson Hole Fed Summit: A Failing Long Term Fed Report Card

From its founding until the beginning of the 20th century, the United States went from a non-economy to being the world’s largest and wealthiest economy. It achieved this feat on the gold standard mostly, with no central bank, (except for 36 years), and with little or no central planning.

Gold AP

Jackson Hole: Fed Dithers But Left & Right Agree on Improving Economy

Jackson Hole — This town in Wyoming just hosted three economic events: The Federal Reserve Bank of Kansas City’s annual Jackson Hole retreat and two others to respond to the Fed’s mismanagement the economy: the Fed Up group, demonstrating against increasing interest rates, and the American Principles Project (APP).

Federal Reserve Vice Chair Stanley Fischer speaks during a CNN Debate on the Global Economy in Washington, DC, October 9, 2014, ahead of the International Monetary Fund (IMF)/World Bank meetings. AFP PHOTO / Jim WATSON (Photo credit should read

Gold Nuggets Stolen from Wells Fargo History Museum

Three masked thieves rammed an SUV into the glass doors of the Wells Fargo History Museum in San Francisco, California Tuesday, holding a guard at gunpoint while they pilfered gold artifacts. Leaving the SUV behind, the smash and grabbers hopped into a getaway sedan and off into the night.

Wells Fargo Museum Heist (Associated Press)

Bloomberg: The Rise and Fall of Gold

King Midas lusted after it. The Incas worshipped it. Shiny flakes of it set off a 19th-century rush to California and ship captains never stop looking for it at the bottom of the sea. While gold has ignited passions for centuries, for today’s investors, it seems, the metal has been losing its allure.

money_reuters