Archive for: July, 2011

Ten Rare Gold Coins Property of U.S. Treasury, Jury Rules

Is the FedGov starting to confiscate gold from citizens?

 

Rare ‘Double Eagle’ Gold Coins Ruled Property of U.S., Not Collector’s Family

A US mint gold coin is pictured in this undated file photo. (Tim Hawley/Getty Images) Share Comments Print Single Page Font Sizes By ELLEN TUMPOSKY July 21, 2011 Ten rare $20 gold coins that could have been worth more than $40 million to a Philadelphia family are the rightful property of the U.S. Treasury, a Philadelphia jury has ruled.

The “Double Eagles”—currently at Fort Knox– had glistened for years in a safe deposit box belonging to Joan Langbord, 81, the daughter of jeweler Israel Switt, who the government contends illegally obtained the coins in the 1930s.

The coins were among 445,000 Double Eagles made in 1933 when they were worth their face value of $20 each. They have an eagle on one side and a goddess of Liberty on the other side and are made from designs by sculptor Augustus Saint-Gaudens.

Read more: Ten Rare Gold Coins Property of U.S. Treasury, Jury Rules – ABC News

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Homemade Gold Panning

Homemade Gold Panning

Just in case it becomes a necessity.  Remember, they had to do it in Zimbabwe (their government also printed money at record-brealing levels).

The Preparedness Podcast – Episode 109

Some thoughts on meeting others of preparedness minded people.  Click on the iTunes link to download it now, or directly from the feed.

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Jim Sinclair – Gold Milestone at $1,764 Paves Way to $12,000

With gold hitting new all-time highs yesterday in dollars, euros and pounds, today King World News interviewed legendary trader Jim Sinclair and Dan Norcini to get their take on where things stand in the gold market.  When Sinclair was asked about the action in gold he stated, “Gold at $1,764 is as important as gold at $524.90, and above $524.90 the gold market went into a runaway.  It’s the exact same setup at $1,764, but having said that $1,764 should bring in some significant supply.

However, a move above $1,764 would be the equivalent of $524.90 in the sense that you would go from the runaway that was born at $524.90, into a hyperbolic market.  The key to all of this is $1,764 and you will go above that level, but what that does is lock in five figures on the price of gold.  A move above $1,764 brings into focus prices as high as $12,000, so we are are approaching the most critical milestone in the entire gold bull market.”

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