gold

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Feds Should Cut Deficit, Irk Right by Dumping Gold

Time to act like a real business, and bust those betting against US

(Newser) - The federal government's vast stash of gold could be used to both bring down the deficit and drive its critics crazy, writes Thomas Frank. If the government were to take the advice of its critics and really start acting like a business, it would unload its 261 million ounces of...

Stewart Nails Glenn Beck for Promoting Gold

Fox host both fuels and profits from gold craze

(Newser) - Glenn Beck’s cozy relationship with the gold industry—he talks about the metal on his show and is a paid spokesman for Goldline—has so far stayed comfortably under the radar, but Jon Stewart took aim at it last night with a segment on the Daily Show. Does Beck's...

British Treasure Find Worth $5.4M

Anglo-Saxon gold unearthed by jobless searcher this summer

(Newser) - An amateur British treasure hunter and the owner of the field where he struck gold are in for a big payday: His find turns out to be a 7th-century Anglo-Saxon cache of the precious metal. The collection is worth about $5.4 million, British Museum tells the AP . The treasure—...

Glenn Beck's Paranoia Is a Gold Mine
Glenn Beck's Paranoia
Is a Gold Mine
OPINION
Oct 20, 2009 11:59 AM CDT

Glenn Beck's Paranoia Is a Gold Mine

Gold to guns, scribe says there's profit to be made off right wingers

(Newser) - Move over Jim Cramer. When it comes to possibly unhinged investment gurus, Mike Madden of Salon says he’s going with Glenn Beck and G. Gordon Liddy. Ever since advertisers began boycotting Beck, gold sellers have been grabbing space. The weirdest ad features G. Gordon Liddy mocking Fed policies that...

Harrods Now Selling Gold Bars

London emporium offers bullion to luxe-loving shoppers

(Newser) - The world's most over-the-top department store has taken bling to a new level. Beginning today, shoppers at Harrods, the London emporium owned by Egyptian billionaire Mohamed al-Fayed, can buy gold bars and coins over the counter. The store has teamed with a Swiss bank to arrange for customers to purchase...

Gold Prices Hit All-Time High
 Gold Prices Hit All-Time High 
$1,038 an ounce
Oct 6, 2009 12:04 PM CDT

Gold Prices Hit All-Time High

Investors hedge against inflation in all currencies

(Newser) - Gold leapt to $1,038 an ounce today, the highest price on record, as investors bet that global stimulus efforts and rate cuts will cause rampant and widespread inflation. The precious metal’s on pace for its ninth straight positive year; the previous record was set at $1,033.90...

Massive Ancient Gold Trove Likely Battle Booty

Experts compare record find to discovery of King Tut's tomb

(Newser) - Experts dazzled by a record trove of ancient gold and silver unearthed in an English field believe the hoard of coins, hilts and parts of shields was war booty stripped from fallen soldiers and buried on the run. It was finally unearthed by a man with a metal detector 14...

Kim Jong Il's 3 Sons: Are Any Fit for Power?

Experts question grit of trio, fans of Van Damme and Eric Clapton

(Newser) - Kim Jong Il has presided over North Korea’s closed, crooked government with an iron fist for decades. But as the Dear Leader’s health fades, anxious observers are analyzing his three heirs apparent—none of whom seem fit for the job, Evan Thomas and Suzanne Smalley write in Newsweek....

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...

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