gold – News Stories About gold - Page 9

Gold's Price Is High, but Human Costs Are Steeper

glossies

Dec 20, 2008 7:30 PM CST

Gold's Price Is High, but Human Costs Are Steeper

(Newser) - As the price of gold continues its steady climb—at $271 before 9/11, it's now above $835—National Geographic provides a sobering look at the human and environmental costs of finding it and digging it up. With the world's biggest deposits long gone and new discoveries rare, "it's an...

Oil Prices Plunge
to 5-Year Low

Dec 5, 2008 2:43 AM CST

Oil Prices Plunge to 5-Year Low

OPEC expected to slash production to push up prices

(Newser) - Oil prices continue to plunge as demand slackens amid the global economic downturn. Oil has dropped 19% drop this week, the biggest weekly decline in five years, reports Bloomberg. Prices have tumbled 70% since reaching a record $147.27 in July, and some predict prices may dip as low as...

Diamond-Inlaid Mastercard? 'I Like!'

Nov 1, 2008 7:50 PM CDT

Diamond-Inlaid Mastercard? 'I Like!'

Company readies lavish gold card for rich Kazakhstanis

(Newser) - MasterCard hopes that a worldwide recession won't stop shoppers from toting around a gold-encrusted, diamond-inlaid credit card, the Financial Times reports. Later this month, the company will issue VIP customers in Kazakhstan the "Diamond" card—which comes with a personal manager, is trimmed with gold, has a 0....

Forget Tupperware,
Gold Parties Are In

Oct 31, 2008 2:27 AM CDT

Forget Tupperware, Gold Parties Are In

Cash-strapped consumers flock to parties featuring wine, nibbles, and cash for gold

(Newser) - Gold parties are taking off nationwide as Americans squeezed by the economy seek extra cash, Marketwatch reports. Partygoers bring along any unwanted gold jewelry they have lying around the house, sip wine and chat while it is appraised by experts, and leave with money in hand. Many go home with...

Archaeologists
Unearth Ancient
Gold Wreath

Aug 30, 2008 12:00 PM CDT

Archaeologists Unearth Ancient Gold Wreath

Greek find was removed from original resting place

(Newser) - An ancient gold wreath buried with human bones in a copper vase has been discovered in the old stomping grounds of Alexander the Great in northern Greece, AP reports. It's rare to find such wreaths, which were generally buried with royalty. Diggers found it in the ruins of Aigai, the...

Stocks Mixed; Commodities Fall

MARKETS

Aug 15, 2008 3:43 PM CDT

Stocks Mixed; Commodities Fall

(Newser) - The markets ended mixed today as commodities fell across the board, leaving traders unsure of the larger ramifications for the economy, MarketWatch reports. The Dow gained 43.97 points to close at 11,659.90, the Nasdaq slid 1.15 points to 2,452,52, and the S&P 500...

Missing Girl's Dad Bought Gold

Jul 31, 2008 4:41 AM CDT

Missing Girl's Dad Bought Gold

Converted cash to bullion to use anywhere in world, say cops

(Newser) - The wealthy businessman accused of abducting his 7-year-old daughter has apparently exchanged cash for gold as part of his elaborate kidnapping plot, reports the Boston Globe. Clark Rockefeller, a man with a mystery history who lied about his connections to the Rockefeller family, can use the gold anywhere in the...

Amid Selloff,
Gold King
Won't Flush
His Throne

Jul 7, 2008 2:53 PM CDT

Amid Selloff, Gold King Won't Flush His Throne

Hong Kong merchant melts down palace to capitalize on rising prices ... except for toilet

(Newser) - With gold prices hovering around $1,000 an ounce, one Hong Kong jeweler is melting down the shining palace he spent a decade building, unloading chandeliers and armored knights—everything but his 24-karat toilet, the Wall Street Journal reports. "I don't care if gold hits $10,000 an ounce,...

Gold Stash May Solve $51M British Heist

Jun 8, 2008 8:12 PM CDT

Gold Stash May Solve $51M British Heist

Detectives aim to link secret bullion with long, bloody case

(Newser) - After a long, bloody trail, British investigators may be close to cracking the case of six robbers who lifted $51 million in gold from a London warehouse 25 years ago. Last week, while tracking proceeds from organized crime, Scotland Yard detectives uncovered six suitcases packed with $15 million worth of...

Serial Thieves Swipe $2.5M in JCPenney Gold

May 14, 2008 11:17 AM CDT

Serial Thieves Swipe $2.5M in JCPenney Gold

As price climbs, all that glitters is gone in series of Calif. heists

(Newser) - California police are hunting a gang of gold thieves raiding JCPenney stores across the state, the Los Angeles Times reports. The gang has struck 11 times in 18 months to grab $2.5 million in jewelry, and they've been getting busier as the price of gold continues to climb. Cops...

Broken Tech Becomes
Gold Mine, Literally

Apr 28, 2008 2:03 PM CDT

Broken Tech Becomes Gold Mine, Literally

Commodity prices have 'urban miners' panning discarded electronics

(Newser) - No matter how broken it is, your old cell phone is still valuable to some people. That’s because it, like most electronics, is loaded with copper, iridium, gold, and other commodities that are becoming more expensive by the day. “To some it's just a mountain of garbage, but...

IMF OKs $11B Gold Sale

Apr 8, 2008 2:40 AM CDT

IMF OKs $11B Gold Sale

Global lender will also cut staff, change biz model

(Newser) - The International Monetary Fund has approved the sale of 400 tons of gold from its massive reserves for an expected $11 billion, the Financial Times reports. The global lender also plans to slash up to 15% of its workforce to improve its finances, which have been hit by falling demand...

Eureka! New Gold Rush Is On

Apr 5, 2008 11:39 AM CDT

Eureka! New Gold Rush Is On

Tens of thousands scour the West as prices boom

(Newser) - A new generation of prospectors is partying like it’s 1849: Record prices and a simple desire for outdoor fun are drawing thousands westward in a new gold rush, the New York Times reports. “Anywhere gold has been found in the past, that’s where they’re going again,...

Peru Dig Yields 4000-Year Old Gold Necklace

Mar 31, 2008 8:06 PM CDT

Peru Dig Yields 4000-Year Old Gold Necklace

Oldest bling in the Americas shows primitives liked prestige

(Newser) - Researchers have dug up the oldest piece of crafted gold in the Americas, a 4,000-year old gold necklace, LiveScience reports. Found at a pre-Inca burial site in Peru, the bling proves that primitive societies sought displays of wealth. It signals "the social process towards some kind of inequality,...

Dow Slides 293 Points

MARKETS

Mar 19, 2008 3:44 PM CDT

Dow Slides 293 Points

Markets couldn't keep up yesterday's huge rally

(Newser) - Stocks slid fast today as commodity prices plunged. Investors rebalanced their portfolios after pumping cash into commodities such as gold and oil for insurance against seesawing stocks, the Wall Street Journal reports. The Dow ended down 293 points to 12,099.66, the Nasdaq 58.3 to 2,209.96,...

Gold Hits Record $1K per Ounce

Mar 13, 2008 1:03 PM CDT

Gold Hits Record $1K per Ounce

Slumping US economy, dollar sends investors to shiny commodity

(Newser) - Gold hit $1,000 per ounce for the first time today, the BBC reports, as investors flock to commodities. The precious metal is already up 20% on the year. “Every bit of bad US economic data boosts gold in two ways,” said Fortis Bank, both because gold is...

Tanking Dow Drops 315 Points

MARKETS

Feb 29, 2008 3:15 PM CST

Tanking Dow Drops 315 Points

Huge AIG, Dell losses spark sell-off

(Newser) - The Dow lost an incredible 315.79 points today to close at 12,266.39 as AIG reported the biggest losses in its history and bellwether Dell reported a year-over-year fourth-quarter profit decline of 6%. The Nasdaq slipped 60.09 to 2,271.48, and the S&P 500 lost...

Oscar Gold Glitters, Costs a Mint

Feb 22, 2008 11:23 AM CST

Oscar Gold Glitters, Costs a Mint

Gilded statue's price goes from $400 to $500 as gold jumps 40%

(Newser) - They’re worth their weight in gold to actors. And this year’s Oscars—carrying a gilding of pure gold—will cost the Academy of Motion Picture Arts and Sciences about $500 each, up $100 from last year's 13 1/2-inch tall, 8 1/2-pound statuettes. The price of gold has soared...

Germans Find Hidden Nazi Gold

Feb 20, 2008 7:44 AM CST

Germans Find Hidden Nazi Gold

Gold pinpointed in cavern, stolen chamber of the czars could be nearby

(Newser) - Treasure hunters in Germany have announced they've found a secret stash of Nazi gold in an underground cavern and they believe it could be from the looted Amber Room of the Russian czars, Der Speigel reports. Instruments have detected what could be 2 tons of gold in the cavern near...

Unrest in Financial World Gives Gold a New Luster

Jan 31, 2008 1:27 PM CST

Unrest in Financial World Gives Gold a New Luster

Investors looking for safe haven have driven futures up 42% since Aug.

(Newser) - Mainstream investors looking for a hedge against inflation and a volatile stock market have taken a shine to gold, driving prices for the precious metal to historic highs, the Wall Street Journal reports. Gold futures have risen more than 42% since mid-August. The latest Fed interest-rate cut bumped prices in...