gold

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Meteorites Brought Gold to Earth

Impacts 3.9B years ago responsible for most noble metals in crust today

(Newser) - You can thank meteorites for most of the gold in Earth's crust, reports the BBC . In fact, 22 billion billion tons of asteroid material that showered our planet 3.9 billion years ago were responsible for the gold, platinum, and other precious metals there (and, by extrapolation, for Glenn...

Facebook Game Pays Out Real Gold

But sorry, Americans, it's only open to UK residents

(Newser) - Finally, a way to profit from all that time you waste on Facebook—so long as you're British. Facebook users who live in the UK can play American Express's fantasy gold trading game, in which players buy and sell gold with an eye on how news events alter...

Nervous Investors Scoop Up All the Gold They Can

It's at a record high, with no sign of slowing down

(Newser) - Gold prices will not set another record high today in the US—but only because the markets are closed for Good Friday. That seems to be the only way to cool off the commodity, which rose nearly $5 an ounce yesterday to close at a record $1,503.20, notes...

Classy ATM Spits Gold, Not Cash, in Florida

Machine installed in a shopping mall

(Newser) - An ATM at a posh Florida mall cuts out the paper and goes straight for gold. Slide in credit card or cash and get out a pile of gold bars and coins in a tidy black box, the AP reports. The German machine is primarily a novelty item, says its...

We Must Return to the Gold Standard
 We Must Return 
 to the Gold Standard 
OPINION

We Must Return to the Gold Standard

Our sagging economy proves that it's time to stop conjuring dollars

(Newser) - There was a time when money meant something, but now—as evidenced by the Federal Reserve’s “ plan to conjure $600 billion to support the sagging economy”—“dollars can be conjured.” In fact, writes James Grant in the New York Times , “in the digital age,...

How Glenn Beck Screws His Viewers
 How Glenn Beck 
 Screws His Viewers 
ANALYSIS

How Glenn Beck Screws His Viewers

Infographic lays out Goldline's unscrupulous practices

(Newser) - If you thought Glenn Beck's habit of pimping Goldline on his show seemed a bit distasteful before, get a load of this infographic from Wall Stats, created for Barry Ritholtz's The Big Picture . It alleges that Goldline, the gold provider Beck is in bed with, uses the Fox star's name...

Gold Vending Machine Debuts in Abu Dhabi

For when you really need a block — fast

(Newser) - How rich: A vending machine that dispenses blocks of gold made its debut Wednesday at the Emirates Palace hotel in Abu Dhabi. "Gold to Go" carries special one-ounce bars (current cost: about $1,264) alongside one, five, and 10-gram options. The machine, itself encased in 24-karat gold, is meant...

Feds Should Cut Deficit, Irk Right by Dumping Gold

Time to act like a real business, and bust those betting against US

(Newser) - The federal government's vast stash of gold could be used to both bring down the deficit and drive its critics crazy, writes Thomas Frank. If the government were to take the advice of its critics and really start acting like a business, it would unload its 261 million ounces of...

Stewart Nails Glenn Beck for Promoting Gold

Fox host both fuels and profits from gold craze

(Newser) - Glenn Beck’s cozy relationship with the gold industry—he talks about the metal on his show and is a paid spokesman for Goldline—has so far stayed comfortably under the radar, but Jon Stewart took aim at it last night with a segment on the Daily Show. Does Beck's...

British Treasure Find Worth $5.4M

Anglo-Saxon gold unearthed by jobless searcher this summer

(Newser) - An amateur British treasure hunter and the owner of the field where he struck gold are in for a big payday: His find turns out to be a 7th-century Anglo-Saxon cache of the precious metal. The collection is worth about $5.4 million, British Museum tells the AP . The treasure—...

Glenn Beck's Paranoia Is a Gold Mine
Glenn Beck's Paranoia
Is a Gold Mine
OPINION

Glenn Beck's Paranoia Is a Gold Mine

Gold to guns, scribe says there's profit to be made off right wingers

(Newser) - Move over Jim Cramer. When it comes to possibly unhinged investment gurus, Mike Madden of Salon says he’s going with Glenn Beck and G. Gordon Liddy. Ever since advertisers began boycotting Beck, gold sellers have been grabbing space. The weirdest ad features G. Gordon Liddy mocking Fed policies that...

Harrods Now Selling Gold Bars

London emporium offers bullion to luxe-loving shoppers

(Newser) - The world's most over-the-top department store has taken bling to a new level. Beginning today, shoppers at Harrods, the London emporium owned by Egyptian billionaire Mohamed al-Fayed, can buy gold bars and coins over the counter. The store has teamed with a Swiss bank to arrange for customers to purchase...

Gold Prices Hit All-Time High
 Gold Prices Hit All-Time High 
$1,038 an ounce

Gold Prices Hit All-Time High

Investors hedge against inflation in all currencies

(Newser) - Gold leapt to $1,038 an ounce today, the highest price on record, as investors bet that global stimulus efforts and rate cuts will cause rampant and widespread inflation. The precious metal’s on pace for its ninth straight positive year; the previous record was set at $1,033.90...

Massive Ancient Gold Trove Likely Battle Booty

Experts compare record find to discovery of King Tut's tomb

(Newser) - Experts dazzled by a record trove of ancient gold and silver unearthed in an English field believe the hoard of coins, hilts and parts of shields was war booty stripped from fallen soldiers and buried on the run. It was finally unearthed by a man with a metal detector 14...

Kim Jong Il's 3 Sons: Are Any Fit for Power?

Experts question grit of trio, fans of Van Damme and Eric Clapton

(Newser) - Kim Jong Il has presided over North Korea’s closed, crooked government with an iron fist for decades. But as the Dear Leader’s health fades, anxious observers are analyzing his three heirs apparent—none of whom seem fit for the job, Evan Thomas and Suzanne Smalley write in Newsweek....

Sunken Gold Ship Found, Now Where's the Loot?

Trawler was abanoned and sank off Argentina in mysterious circumstances

(Newser) - The wreck of a trawler carrying $18 million in gold and silver that sank in January has been found off the coast of Argentina, the BBC reports. The big question: Does it still have the loot aboard? Rescuers hired by the main insurer, Lloyd's of London, plan to send down...

For Investors, Silver Trumps Gold

Versatile metal gets better returns thanks to industrial buyers

(Newser) - All that glitters may not be gold, but these days you might prefer silver anyway, MarketWatch reports. Silver has rocketed to the top of the precious metals food chain, outperforming both platinum and gold because it’s an industrial material in addition to an inflation hedge. But the outsize gains...

Caviar and Other Weird Skincare Ingredients

Metals and stem cells have the magic touch

(Newser) - As it turns out, the fountain of youth is flowing with all sorts of strange ingredients, and Forbes reveals the best of a bunch that could keep you looking young and radiant:
  • Caviar isn’t just for your palate: La Prairie’s Skin Caviar Crystalline Concentre uses the fish extract
...

Strapped Californians Pan Like It's 1849

Soaring gold prices and a lousy economy have many hoping to strike it rich

(Newser) - The miserable state economy and the soaring price of gold have sent Californians back into them thar hills, USA Today reports. Prospecting clubs all over the state report a huge jump in the number of people panning for gold just as a 10.5% unemployment rate has left cash-strapped residents...

Meet the Men Who Make Oscars
 Meet the Men Who Make Oscars 

Meet the Men Who Make Oscars

Spotlight misses Chicago workers behind Hollywood's most coveted trophy

(Newser) - Come Feb. 22, Hollywood will be fêting the stars who take home the Oscars—but there’s little chance any of the acceptance speeches will thank the guys who made the statues. From Martin Vega, who melts pewter alloy for the hardware, to Eladio Gonzalez, who gives Oscar his...

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