Sunday, September 25th, 2016 MST

Monthly Archives: April 2007

Two digital-gold companies indicted

According to a Department of Justice press release, a federal grand jury in Washington, D.C. has indicted two companies operating a digital currency business and their owners on “charges of money laundering, conspiracy, and operating an unlicensed money transmitting business.” The indictment of the two companies is not a condemnation of all digital-gold companies, but

Gold fund manger sees lower gold production

Gold Fields Minerals Services (GFMS) is considered my many gold followers to be “the” authority on gold, and GFMS currently believes that gold production will increase slightly this year. However, Graham Birch, head of Black Rock Investment Managers, which administers the Merrill Lynch Gold and General Fund, disagrees. Birch notes that gold production has fallen

Coin telemarketers sued

Resourceinvestor.com says that 42 persons are now involved in a class action lawsuit against a conglomerate of gold coin telemarketers from Beaumont, Texas. The plaintiffs are now asking for $1 billion in damages. The outcome will be interesting, to say the least. For decades, telemarketers have promoted real, but sometimes purported, numismatic and collectible coins to investors.

Premiums shrink on price increases

Premiums on the popular precious metals products are shrinking as prices climb higher. Many holders of gold bullion coins are choosing to sell into this rally, while buying is somewhat stiffled, resulting in the declinging premiums. Gold Eagles and Krugerrands, the two most popular gold bullion cions in the US, are abundantly available in the