Ron Paul has long opposed the concept of central banking and whenever the chairmen of the Federal Reserve System, the central bank of the United States, have had to testify before House congressional committees, Ron Paul has been a thorn in the sides of the Fed Heads. Ron Paul’s tête-à-têtes with former Fed Head Alan
Kitco.com, which is renown among gold and silver investors for feeding to the Internet precious metals spot prices, recently posted this notice on its site: Metal price changes are now based on closing prices at 5:15 PM NY time Mon-Fri. The notice has caused some confusion on the part of many precious metals investors and
Resourceinvestor.com has posted an excellent report on the proposed gold sales by the IMF. Before anyone panics at the idea of the IMF selling gold, I would like to point out that in the 1970s both the IMF and the US Treasury sold gold while it marched to $850. Further, European central banks have been
Worldwide concern about the dollar is the primary reason gold has surged to new highs this year. However, the dollar is not the only factor driving the price of gold. A shortage of electric power in South Africa, the world’s largest producer of newly mined gold, is putting downward pressure on the supply. In South