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Monthly Archives: November 2010

Confiscation of Gold Coins, Bars

During the Great Depression the United States government confiscated all gold coins and bars held by its private citizens, under threat of fines and imprisonment. Gold in most monetary forms was illegal to own in the U.S. until 1975. Even today laws remain on the books that make instituting another such mandatory seizure of your wealth just one executive order away.

via Wealth Protection – The Heirloom Collection – 24K Pure Gold Jewelry.

 

It’s no secret that gold is an unmatched hedge against inflation. Unlike paper currency, over the past 75 years gold has actually increased its buying power – while the dollar has lost more than 95% of its value.

In 1935, when an ounce of gold was worth $35, you could buy:

* a good tailored suit for $19.75 – or 0.56 ounces of gold
* a family car for $500 – or 14.3 ounces of gold
* a house for $7,150 – or 204.2 ounces of gold

Today, with gold in the area of $1,400 an ounce:

* that same good tailored suit costs $600 – or 0.43 ounces of gold
* the family car now costs $17,000 – or 12.1 ounces of gold
* the house averages $181,100* – or 129.3 ounces of gold

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Posted by on November 30, 2010 in economy, gold, investing, money

 

Investment Gaffes of Celebrity Investors

Unfortunately for Kevin, the “expert” that he trusted to manage his money was a rather dubious character you may have heard of — by the name of Bernie Madoff. According to reports, Kevin Bacon and his starlet wife Kyra Sedgwick got taken to the cleaners for a cool $50 million by the Ponzi scheme.

via Investment Gaffes of Celebrity Investors Mr. T, Bono & Others | InvestorPlace.

 
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Posted by on November 30, 2010 in banks, economy, money

 

Should You Buy Gold From the TV or the Radio

YouTube – Rep. Weiner featured in ABC News Investigation of Goldline – Nightline.

 
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Posted by on November 30, 2010 in economy, gold

 

Why Most Shampoos are a Waste of Money

It’s the dirty little secret shampoo companies don’t want you to know—when you wash your hair with one of those nutrient-rich shampoos, most of the nutrients and active ingredients in the product don’t actually end up in your hair, they wind up down the drain… along with all the money you spent on the shampoo.

via Why Most Shampoos are a Waste of Money | How Life Works.

 
 

The retired electrican and the Picasso haul worth €80m – Europe, World – The Independent

The possibility of an elaborate hoax, or fraud, has been examined by experts and dismissed, according to Libération, the French newspaper that revealed the find. The sheer variety of different Picasso styles, from different periods, would have been impossible to copy so convincingly, the experts believe.

The greatest discovery may be the nine paper collages in Picasso’s pre-1915 Cubist style. These alone have been valued at €60m. Although never seen before, they may be part of a series from 1912 previously believed to have been lost or destroyed by flooding. None of the 271 works, including more than 200 sketches and doodles in notebooks, are listed in the catalogue of Picasso’s work established after his death in 1973.

via The retired electrican and the Picasso haul worth €80m – Europe, World – The Independent.

 
 

How 250,000 US embassy cables were leaked

The 1.6 gigabytes of text files on the memory stick ran to millions of words: the contents of more than 250,000 leaked state department cables, sent from, or to, US embassies around the world.

via How 250,000 US embassy cables were leaked | World news | guardian.co.uk.

 
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Posted by on November 28, 2010 in info, politics

 

Fire set at mosque where terror suspect worshipped

Anger on Sunday over a Somali-born teen’s failed plan to blow up a van full of explosives during Portland’s Christmas tree lighting ceremony apparently erupted in arson on Sunday when a fire damaged an Islamic center once frequented by the suspect, authorities said.

Police don’t know who started the blaze or exactly why, but they believe the mosque was targeted because terror suspect Mohamed Osman Mohamud, 19, occasionally worshipped there.

via Fire set at mosque where terror suspect worshipped – Yahoo! News.

 
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Posted by on November 28, 2010 in info

 
 
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