Abdul Halim al-Attar is a Syrian refugee who was selling pens in the streets of Beirut in order to make a living for his children
But once a photo of Abdul selling his pens while holding his daughter hit the Internet, it went big-time viral. The picture featured his daughter Reem sleeping on his shoulder as he tried to market his pens to passerbys in the scorching heat. It touched people’s hearts across the globe.
The heartbreaking picture of his little one slumbering on her struggling father was almost too much for people to bear.
He had no idea tha...... [+]
Goldbugs are bemused by reports that the European Union competition watchdog is investigating alleged ‘anti-competitive behavior’ by participants in the precious metals market. But anybody who remembers how the EU broke up the cement cartel a couple of decades ago will know that this is a watchdog that has very powerful teeth. It’s fines can bankrupt even very large companies or banks.
True the goldbugs have watched and waited in the past when various investigations into alleged precious metal price fixing have been launched in the US, UK and Germany. These investigations have quietly concluded that nothing was wrong, despite some very convincing evidence from market watchers and industry experts.
The general view in the gold community is that the central banks themsel...... [+]
Our society is currently enslaved by a 9-5 alarm clock lifestyle. Pieces of paper control our every move. From the moment we are born, we are indoctrinated by our parents, our school system, the media to think that success is defined by material gain.
Happiness, contentment and relationships are secondary to income. Because our culture values material success the most, we currently live in a world that is enslaved to the dollar.
Slavery is when your work is no longer an opportunity for economic advancement but is instead an act of mere self-preservation.
Most people are owned by their material pursuits, and spend their entire lives trying to pay off debt they earned from purchases and bills that have piled up over the years.
If you are reading this, there is a good chance you work a 9-5 jo...... [+]
Amateur scuba divers have found an enormous cache of gold coins off the Israeli coast
It’s an age-old plot device from a scuba diving-related story: amateur divers accidentally stumble across treasure on the bottom of the ocean while out diving, and drama ensues. But of course, that sort of thing wouldn’t happen in real life — or would it?
There may not be any dramatic boat chases or seedy black-market bosses, but life did imitate art this week when a group of amateur divers discovered nearly 2,000 gold coins near Caesarea off of Israel’s Mediterranean coast.
The coins are estimated to date back some 900 years, from the time of the Fatimid Caliphate...... [+]
Sufyan al Jawi – Numismatik Indonesia
Banyak yang suka bertanya: mengapa Pemerintah Saudi Arabia memakai uang riyal kertas, dan bukan Dinar dan Dirham? Ini sebagian jawabannya.
Untuk menjawab pertanyaan mengapa Saudi Arabia memakai uang kertas riyal, dan bukan Dinar emas dan Dirham perak, kita perlu mengetahui posisi kerajaan ini. Pada mulanya wilayah Hijaz adalah bagian dari Daulah Utsmaniah yang, tentu saja, menggunakan Dinar emas dan Dirham perak sebagai mata uangnya. Pada pertengahan abad ke-18, sebuah amirat lokal, dipimpin oleh amirnya, Muhammad ibn Sa’ud (meninggal 1765), menguasai suatu desa yang kering dan miskin, Dariyah...... [+]
December 8, 2014
Gold is hated more than ever by both governments and the financial services community. This is because it has now become imperative to keep the illusion of confidence in sovereign debt and paper currencies. To that end, a gentleman by the name of Willem Buiter, Citigroup’s chief economist, shot into the media spotlight by writing a note on the day before Thanksgiving stating his belief that gold is in a six thousand year-old bubble.
Citi’s chief economist penned this “brilliant” commentary in the days just prior to the Swiss referendum on increasing the percentage of gold reserves held by its central bank. In a clear attempt to influence the gold vote, Mr...... [+]
By Michael Pento
At Gold Eagle
November 24, 2014
What really drives the price of gold? Some say it’s a fear gauge. Others prefer to look at the demand coming from the Indian wedding season. But the silliest of all conclusions to reach is that the dollar price of gold should be determined solely by its value vis-à-vis another fiat currency.
The truth is the primary driver of gold is the “intrinsic value” of the dollar itself, not its value on the Dollar Index (DXY). The “intrinsic value” of the dollar can be determined by the level of real interest rates. Real interest rates are calculated by subtracting the rate of inflation from a country’s “risk free” sovereign yield. Right now the level of real interest rates in the U.S. is a negative 1.55%.
A key factor is to then determine the futu...... [+]
Once upon a time, being middle class draws on the rosy notion of a family with a nice house, who drives a Volvo, goes on beach or skiing vacations once or twice in a year, sends their kids to college, and lives a generally carefree and comfortable life.
Unfortunately, as living costs continue to rise and salaries struggle to catch up, the term “middle class” seems to have taken on a new and greyer meaning in recent years.
In Malaysia, middle class is loosely defined by those who take home a monthly income of RM3,000 and above. Government data from the year 2012 showed that 27.8% of households in the population of 30 million earned between RM3,000 and RM4,999 a month.... [+]