gold

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Sunken Gold Ship Found, Now Where's the Loot?

Trawler was abanoned and sank off Argentina in mysterious circumstances

(Newser) - The wreck of a trawler carrying $18 million in gold and silver that sank in January has been found off the coast of Argentina, the BBC reports. The big question: Does it still have the loot aboard? Rescuers hired by the main insurer, Lloyd's of London, plan to send down...

For Investors, Silver Trumps Gold

Versatile metal gets better returns thanks to industrial buyers

(Newser) - All that glitters may not be gold, but these days you might prefer silver anyway, MarketWatch reports. Silver has rocketed to the top of the precious metals food chain, outperforming both platinum and gold because it’s an industrial material in addition to an inflation hedge. But the outsize gains...

Caviar and Other Weird Skincare Ingredients

Metals and stem cells have the magic touch

(Newser) - As it turns out, the fountain of youth is flowing with all sorts of strange ingredients, and Forbes reveals the best of a bunch that could keep you looking young and radiant:
  • Caviar isn’t just for your palate: La Prairie’s Skin Caviar Crystalline Concentre uses the fish extract
...

Strapped Californians Pan Like It's 1849

Soaring gold prices and a lousy economy have many hoping to strike it rich

(Newser) - The miserable state economy and the soaring price of gold have sent Californians back into them thar hills, USA Today reports. Prospecting clubs all over the state report a huge jump in the number of people panning for gold just as a 10.5% unemployment rate has left cash-strapped residents...

Meet the Men Who Make Oscars
 Meet the Men Who Make Oscars 
Feb 1, 2009 7:13 PM CST

Meet the Men Who Make Oscars

Spotlight misses Chicago workers behind Hollywood's most coveted trophy

(Newser) - Come Feb. 22, Hollywood will be fêting the stars who take home the Oscars—but there’s little chance any of the acceptance speeches will thank the guys who made the statues. From Martin Vega, who melts pewter alloy for the hardware, to Eladio Gonzalez, who gives Oscar his...

Strapped? Sell Your Gold—at the Mall

(Newser) - Up and down the East coast, cash-strapped shoppers are trading in gold and silver, not at pawn shops, but at the mall, the Boston Globe reports. Merchants at kiosks buy the precious metals for less than half of market value, but customers are still pouring in. “It's certainly something...

Gold's Price Is High, but Human Costs Are Steeper
Gold's Price Is High, but Human Costs Are Steeper
glossies
Dec 20, 2008 7:30 PM CST

Gold's Price Is High, but Human Costs Are Steeper

(Newser) - As the price of gold continues its steady climb—at $271 before 9/11, it's now above $835—National Geographic provides a sobering look at the human and environmental costs of finding it and digging it up. With the world's biggest deposits long gone and new discoveries rare, "it's an...

Oil Prices Plunge to 5-Year Low
Oil Prices Plunge
to 5-Year Low 
Dec 5, 2008 2:43 AM CST

Oil Prices Plunge to 5-Year Low

OPEC expected to slash production to push up prices

(Newser) - Oil prices continue to plunge as demand slackens amid the global economic downturn. Oil has dropped 19% drop this week, the biggest weekly decline in five years, reports Bloomberg. Prices have tumbled 70% since reaching a record $147.27 in July, and  some predict prices may dip as low as...

Diamond-Inlaid Mastercard? 'I Like!'

Company readies lavish gold card for rich Kazakhstanis

(Newser) - MasterCard hopes that a worldwide recession won't stop shoppers from toting around a gold-encrusted, diamond-inlaid credit card, the Financial Times reports. Later this month, the company will issue VIP customers in Kazakhstan the "Diamond" card—which comes with a personal manager, is trimmed with gold, has a 0....

Forget Tupperware, Gold Parties Are In

Cash-strapped consumers flock to parties featuring wine, nibbles, and cash for gold

(Newser) - Gold parties are taking off nationwide as Americans squeezed by the economy seek extra cash, Marketwatch reports. Partygoers bring along any unwanted gold jewelry they have lying around the house, sip wine and chat while it is appraised by experts, and leave with money in hand. Many go home with...

Archaeologists Unearth Ancient Gold Wreath

Greek find was removed from original resting place

(Newser) - An ancient gold wreath buried with human bones in a copper vase has been discovered in the old stomping grounds of Alexander the Great in northern Greece, AP reports. It's rare to find such wreaths, which were generally buried with royalty. Diggers found it in the ruins of Aigai, the...

Stocks Mixed; Commodities Fall
 Stocks Mixed; Commodities Fall
MARKETS
Aug 15, 2008 3:43 PM CDT

Stocks Mixed; Commodities Fall

(Newser) - The markets ended mixed today as commodities fell across the board, leaving traders unsure of the larger ramifications for the economy, MarketWatch reports. The Dow gained 43.97 points to close at 11,659.90, the Nasdaq slid 1.15 points to 2,452,52, and the S&P 500...

Missing Girl's Dad Bought Gold
 Missing Girl's Dad Bought Gold
Jul 31, 2008 4:41 AM CDT

Missing Girl's Dad Bought Gold

Converted cash to bullion to use anywhere in world, say cops

(Newser) - The wealthy businessman accused of abducting his 7-year-old daughter has apparently exchanged cash for gold as part of his elaborate kidnapping plot, reports the Boston Globe. Clark Rockefeller, a man with a mystery history who lied about his connections to the Rockefeller family, can use the gold anywhere in the...

Amid Selloff, Gold King Won't Flush His Throne

Hong Kong merchant melts down palace to capitalize on rising prices ... except for toilet

(Newser) - With gold prices hovering around $1,000 an ounce, one Hong Kong jeweler is melting down the shining palace he spent a decade building, unloading chandeliers and armored knights—everything but his 24-karat toilet, the Wall Street Journal reports. "I don't care if gold hits $10,000 an ounce,...

Gold Stash May Solve $51M British Heist

Detectives aim to link secret bullion with long, bloody case

(Newser) - After a long, bloody trail, British investigators may be close to cracking the case of six robbers who lifted $51 million in gold from a London warehouse 25 years ago. Last week, while tracking proceeds from organized crime, Scotland Yard detectives uncovered six suitcases packed with $15 million worth of...

Serial Thieves Swipe $2.5M in JCPenney Gold

As price climbs, all that glitters is gone in series of Calif. heists

(Newser) - California police are hunting a gang of gold thieves raiding JCPenney stores across the state, the Los Angeles Times reports. The gang has struck 11 times in 18 months to grab $2.5 million in jewelry, and they've been getting busier as the price of gold continues to climb. Cops...

Broken Tech Becomes Gold Mine, Literally

Commodity prices have 'urban miners' panning discarded electronics

(Newser) - No matter how broken it is, your old cell phone is still valuable to some people. That’s because it, like most electronics, is loaded with copper, iridium, gold, and other commodities that are becoming more expensive by the day. “To some it's just a mountain of garbage, but...

IMF OKs $11B Gold Sale
 IMF OKs $11B Gold Sale 
Apr 8, 2008 2:40 AM CDT

IMF OKs $11B Gold Sale

Global lender will also cut staff, change biz model

(Newser) - The International Monetary Fund has approved the sale of 400 tons of gold from its massive reserves for an expected $11 billion, the Financial Times reports. The global lender also plans to slash up to 15% of its workforce to improve its finances, which have been hit by falling demand...

Eureka! New Gold Rush Is On
 Eureka! New Gold Rush Is On 
Apr 5, 2008 11:39 AM CDT

Eureka! New Gold Rush Is On

Tens of thousands scour the West as prices boom

(Newser) - A new generation of prospectors is partying like it’s 1849: Record prices and a simple desire for outdoor fun are drawing thousands westward in a new gold rush, the New York Times reports. “Anywhere gold has been found in the past, that’s where they’re going again,...

Peru Dig Yields 4000-Year Old Gold Necklace

Oldest bling in the Americas shows primitives liked prestige

(Newser) - Researchers have dug up the oldest piece of crafted gold in the Americas, a 4,000-year old gold necklace, LiveScience reports. Found at a pre-Inca burial site in Peru, the bling proves that primitive societies sought displays of wealth. It signals "the social process towards some kind of inequality,...

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