Thursday, July 21, 2011
Keiser Report: Ideas for Revolution
This week Max Keiser and co-host, Stacy Herbert, look at the Cindy Sherman of monkeys sparking a revolution, the problem with #occupywallstreet and the truth about $500 silver if you want it. In the second half of the show, Max talks to Sandeep Jaitly about Austrian economics, Dr. Bernanke's view on gold and whether or not the dollar or the euro will kick the bucket first.
Hong Kong Mercantile Exchange to launch silver futures
SINGAPORE, July 18 (Reuters) - The Hong Kong Mercantile Exchange (HKMEx) said on Monday it will start trading a dollar-denominated silver futures contract on July 22, hoping to tap into the growing demand for the metal in China. The silver contract will trade in lots of 1,000 troy ounces and be delivered in Hong Kong, the exchange said in a statement.
Silver demand rose 67 percent in China and 17 percent globally between 2008 and 2010, the exchange said, citing market data it has compiled.
"The new contract will enable buyers and sellers in China to trade effectively with their counterparts across the world, while at the same time, allowing investors to gain exposure to silver price movements and broaden their investment portfolio," said HKMEx president Albert Helmig in the statement........read on
James Grant - 'Money printing is not progress....the Gold Standard is going to happen'
July 18 (Bloomberg) -- James Grant, publisher of Grant's Interest Rate Observer, talks about negotiations between U.S. lawmakers over raising the federal debt ceiling and reducing the budget deficit. Grant also discusses the Treasury market, the gold standard and Europe's sovereign debt crisis. He speaks with Carol Massar on Bloomberg Television's "Street Smart."
Goldfinger is jealous
Image: Courtesy Stuart HughesAn anonymous Malaysian businessman just spent $4.8 billion on a superyacht covered in platinum and gold, making it the most expensive yacht ever sold, according to Luxury Launches.
The boat, named the History Supreme, is the work of Stuart Hughes, a British purveyor of luxury gadgets.
It took three years to complete and is covered in 100,000 kilograms of precious metals, according to The Daily Mail.
The master bedroom is particularly lavish; it's adorned in platinum and has wall art made of meteoric stone and the bones of a Tyrannosaurus Rex.
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