An impartial observer may not understand what he has said unusual so that futures in gold ...
Bernanke indicating a reduction in bond buying could have impact on precious metals and mo.. 
In a very general sense, the producers will benefit much more quickly from a rebound in th.. 
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- MCX Silver slumps on tracing Gold's path
- On Thursday trade, Silver July contract declined to a low of 41563 Rs/kg at 02.40 pm IST and is expected to trade negative in later session.
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The U.K. Office for National Statistics said that U.Ks core retail sales, which exclude automobil..
By Col. Ajay
As per financial astrology, transit OD Sun in Saturn house is ..
Commodity Online
There is a new proposal to pay off the national debt of US and it's not using USD, gold, silver or copper but with something outrageously different: Platinum $1 trillion coins!
Platinum becomes an option to pay the national debt because there are strict regulations in US about how paper, gold, silver and copper money may get minted, but there no regulations on platinum.
Hence, supporters including Rep. Jerry Nadler (D-N.Y.) say that President Barack Obama should order that a couple of platinum trillion-dollar coins be minted and then have the coins deposited in to the Fed so that the debt ceiling issue be settled from thence as bills are paid from there.
Nadler said to Capital New York earlier this week that it’s a perfectly viable option and even if it seems silly it’s absolutely legal.
It would normally not be proper to consider such a thing, except when one is faced with blackmail to destroy the country’s economy, one has to consider things, he added.
“There is specific statutory authority that says that the Federal Reserve can mint any non-gold or -silver coin in any denomination, so all you do is you tell the Federal Reserve to make a platinum coin for 1 trillion dollars, and then you deposit it in the Treasury account, and you pay your bills,” says Nadler to Capital New York.
But Jim Pethokoukis of the American Enterprise Institute begs to differ:
“First, it could be wildly inflationary. And the fact that we’re talking about it in semi-serious tones, if I was an investor — and I saw supposedly serious people talking about this as an option, I would be very alarmed, ” he said.
At present the US national debt is around $16.4 trillion.
Meanwhile the prospects of an ugly debt-ceiling debate are looming over Washington.
While the US House Speaker, Republican John Beohner holds that the debate has already begun, President of US, Barack Hussein Obama has ruled out any possibility of engaging the US Congress in this regard.
The Obama administration has also ruled out the possibility of invoking the 14th amendment to the Constitution which stipulates US debt commitments be treated sacrosanct. Invoking the amendment means US President can voluntarily raise the debt-ceiling without ever consulting the US Congress.
But a Republican has threatened of impeaching the President if the White House ever invokes the amendment.
