In the case of a bizarre but successful heist of one of the world’s two largest gold coins, it appears that authorities are finally closing in on solving the crime.
In another blow to the rising star of Bitcoin and other cryptocurrencies or blockchain platforms like Ethereum, one of the world’s largest Bitcoin exchanges was victimized by hackers, with a significant number of digital “coins” stolen.
One of the greatest problems of national importance—and literally of national security concern—is the ever-growing level of U.S. debt. It’s the looming problem, the proverbial “elephant in the room,” that never gets addressed. Our policymakers simply kick the can down the road on the debt issue every time. However, even more than eight years after the […]
Regrettably, all war involves destruction and theft of the losing side. Thus it’s no surprise that the aftermath of the Second World War was one of the greatest transfers of wealth in human history—through war spoils as well as more disinterested “looting” from the rubble of Europe. We’ve come to associate looting with riots, chaos, and […]
The seven-year hunt for the Forrest Fenn Treasure may be coming to an end, but not how many people, including Fenn himself, expected. Paris Wallace recently became the second person to die while searching for the fabled treasure. New Mexico authorities are now calling for an end to the contest. The mystery of the bronze […]
Combating counterfeits and theft are among the chief concerns facing any government mint. In an effort to both weed out and deter fakes of all sorts, many mints have begun including special security measures on their gold and silver bullion coins. Over time, these anti-counterfeiting measures have grown more and more sophisticated.
Let’s be loud and clear about this point: American citizens, and human beings more generally, have a right to hold wealth in a tangible form that cannot vanish from an electronic bank ledger in a moment. This would seem to be an incontrovertible truth. It’s a matter of privacy. In some cases, this simply means […]
One of the most contentious laws no matter who you ask across the political spectrum is the practice of civil asset forfeiture. This occurs when, even if a citizen hasn’t committed a crime but is merely suspected of one, the authorities can seize any assets from the (potential) defendant and hold it indefinitely.
Because of gold’s unique monetary properties, the values of various assets are often expressed in terms of how much one ounce of pure gold could purchase. This gives a kind of objective measuring stick for purchasing power over time that compensates for inflation.
Especially since 2017 began, the fully digital cryptocurrency Bitcoin (BTC) has been squarely at the center of the financial news due to all of its wild price swings. (More on that below.)
Among the four precious metals, platinum is often overlooked even though it’s generally in close price parity to gold. This is because platinum is rarer, lacks gold’s unique properties that make it the easiest metal to work with, and thus has a much small global market. Nonetheless, it’s also a highly useful industrial metal. Its […]
Global markets were a bit shaky on Tuesday after a concert in Manchester, U.K. by pop star Ariana Grande was marred by an ISIS bombing that killed at least 22 people, including children, last night. The so-called Islamic State took credit for the horrific attack. Undoubtedly, everyday life in the U.K. was disrupted as the […]
Commerzbank is a German bank that carries a fair amount of international clout. It is Germany’s largest lender, its second-largest bank by assets, and, more so than its beleaguered neighbor Deutsche Bank, enjoys a strong reputation around the world. Now, Commerzbank is unexpectedly scrapping its precious metals business to focus more on other departments of […]
The WannaCry ransomware attack from May 12 -16 was largest computer virus attack in history. An estimated 200,000 systems in 150 different nations were infected in less than 48 hours. The resulting damage worldwide from lost data and downtime could be as much as $4 billion. Cybersecurity experts estimated Tuesday, more than four days after the […]
There’s a troubling trend in the bullion investing community that could have major consequences for those who own gold and silver. Yet this development is being pitched as the next great innovation in bullion security. Many investors may unwittingly be duped into disclosing exactly how much gold they have, and where it’s stored, all because of […]
The London Bullion Market Association (LBMA) administers the world’s largest physical gold market, and is heavily involved in certifying or authenticating the gold that trades in the City of London. Each day, a staggering $18 billion worth of gold traded in London during March (when the most recent data is available).
Gold refiners and bullion dealers are always looking for ways to make purchasing and owning precious metals safer and more secure. Privacy is undoubtedly one of the typical gold buyer’s prime concerns. This is true whether someone is a small-time silver stacker or a high-end investor in bulk amounts of gold.
Even the world’s most advanced and experienced precious metal refiners occasionally had breaches of security. This seems to be the case in a story reported by CoinWeek about Australia’s Perth Mint, one of the most successful government mints in the world. The mint appears to be the victim of theft in the form of a brazen […]
By now, most aspiring treasure hunters are aware that Great Britain is essentially the treasure capital of the world. Aside from an extensive history of habitation that has produced almost innumerable antiquities and medieval coins, the country boasts the world’s most equitable treasure trove laws. This is effectively the reason why so many people who have […]
For the first few months since the newly designed £1 coins made their debut in the United Kingdom, people have been noticing that something is wrong with a small amount of their pocket change.