Monthly Archives: August 2008

Spot Gold up 25.10% in last 365 days

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The year over year price of spot gold is up 25.10% as of today, August 29, 2008.

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Capital Gold Group Report: Gold Rises, Heading for Second Weekly Gain; Silver Advances

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By Pham-Duy Nguyen Aug. 29 (Bloomberg) — Gold rose, heading for a second straight weekly gain, as energy costs gained, reviving demand for the metal as a hedge against inflation. Silver also gained. Crude-oil prices are higher this week, after … Continue reading

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Capital Gold Group Report: World’s Largest Gold Refiner Runs Out of Krugerrands

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By Claudia Carpenter Aug. 28 (Bloomberg) — Rand Refinery Ltd., the world’s largest gold refinery, ran out of South African Krugerrands after an “unusually large” order from a buyer in Switzerland. The order was for 5,000 ounces and it will … Continue reading

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Capital Gold Group Report: Gold ends up on oil gains as dollar drops vs euro

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08.27.08, 4:07 PM ET By Frank Tang and Jan Harvey NEW YORK/LONDON (Reuters) – Gold ended higher Wednesday as oil prices rose, boosting the precious metal’s appeal as an inflation hedge, and as the dollar retreated from a six-month high … Continue reading

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Capital Gold Group Report: FDIC May Be In Line for Treasury Department Bailout

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Cash-Strapped FDICBy Bernhard WarnerPosted Wednesday, Aug. 27, 2008, at 7:06 AM ET You can add the Federal Deposit Insurance Corp. to the list of entities that may be in line for a Treasury Department bailout, the Wall Street Journal reports, … Continue reading

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Capital Gold Group Report: FDIC gets ready for bank failures

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Regulator, insurer boosts its staff and provisions as it faces its biggest challenge in decades By Russell Grantham Cox News Service Sunday, August 24, 2008 ATLANTA — The Federal Deposit Insurance Corp. is one of those agencies with a low … Continue reading

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Capital Gold Group Report: FDIC Head Expects Banking’s Crisis to Worsen

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By Eric Dash and Geraldine FabrikantPublished: August 26, 2008 WASHINGTON — Sheila C. Bair anticipated the mortgage crisis long before most other regulators. But she never dreamed it would wreak so much havoc on so many banks.   Sheila C. … Continue reading

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Capital Gold Group Report: Fed Begins to Focus on Preventing Next Crisis

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By MarketWatch Last update: 12:03 p.m. EDT Aug. 22, 2008 “Banks too important to be left on their own,” Bernanke says. WASHINGTON (MarketWatch) — Central bankers and regulators are rethinking their faith in the ability of market forces alone to … Continue reading

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Capital Gold Group Report: FDIC has 90 Banks on its List of ‘Problem’ Institutions

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Regulators Step Up Bank Actions ‘Memorandums of Understanding’ Surge As U.S. Races to Head Off More Failures By DAMIAN PALETTA and DAVID ENRICHAugust 26, 2008; Page C1 WASHINGTON — Federal regulators have increased the number of struggling banks they have effectively put … Continue reading

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Capital Gold Group Report: U.S. Mint resumes gold coin orders on limited basis

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Monday, August 25, 2008 NEW YORK (Reuters) – The U.S. Mint said it must allocate the American Eagle bullion coins among dealers to cope with overwhelming demand as it resumed taking orders for the popular coins on Monday. “The unprecedented … Continue reading

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