I bought gold about 4 years ago as in my economical teachings I had always learn if the world are in a crises people will start buy gold as a safe investment. Well looking at the last month of turbulent markets all over the world gold has only gone one way and that has been down. So I wanted to find out what was different this time compared to what the books are telling us would happen when the market goes down. Well looking around on the web I found a great explanation at this blog.http://blog.adamnash.com/2008/10/24/why-the-price-of-gold-is-sinking-fast/ 

He Mr. Adam Nash is telling us that people are selling gold to meet margin calls on other investments they have so they have to sell gold. To me that sounds like a reasonable explanation considering the fast collapse of the US and world markets. But does it not also mean that if a hedge fund or mutual fund sells gold to meet market calls that they have to at sometime buy that gold back to keep their risk profile the same as they have advertised to consumers. I think it does and I think it means that the gold will go back up when the markets starts to stabilize again as the people selling gold now really have to sell but they don't want to sell. So they will buy back as their portfolio gets back in the black.

Well its funny to see how the WTC coins and bullion are not affected by the gold and silver price as 1oz. gold coins still sell for a minimum of $1,200 -1,400 and silver coins sell for a minimum of $70 with 1 oz of silver at $10. This makes WTC coins a much safer investment that regular bullion coins which I guess a few people have found out given the recent activity on E-bay. Right now over 150 world trade center coins are up for auction where a normal number in the last 6 month has been around 100 coins.

No related posts.

I have gotten a few email about the gold coins and the silver coins and where they came from. A lot of people writing me wants to know, why all this gold and silver was located in the world trade center. I always send them an email back with the research that I have done that is located here. http://www.wtc911coins.com/topics/research-comdex-vault/

This will explain everything and it will show you the news paper clips from the time the gold was found. The bullion coins came from the bank of Nova Scotia where they where store at their vault.

If the story of where the gold coins came from has your interest the research is done just follow the link above and you will have everything in one place.

No related posts.

No related posts.

No related posts.

Coin Collector wake up and discover these beautiful coins of history in our time, the WTC coins certified by PCGS as WTC Ground Zero Recovery. These coins are absolutely beautiful in their original American Flag pedigree insert by PCGS. These coins are our history and they are still available at prices where everybody can be a buyer at these price. If you wait many more years the only coins that will be available will be the silver eagles from the world trade center. Gold and Silver coins will be gone.

No related posts.

This is a nice set that somebody collected out of the 1 of 521 series, just missing the $50 Gold 1 of 521 if there where on in the series I don't know that. Very nice collection that must have taken a long time to put together.

No related posts.

Cache of Gold Found Under WTC Two truckloads

By GREG GITTRICH, THOMAS ZAMBITO and LEO STANDORA
Daily News Staff Writers URL Link to Complete Story Here

Workers at Ground Zero unearthed last night a buried treasure of gold, hidden for weeks under the ruins of the World Trade Center.

As a small army of federal agents with shotguns and automatic rifles stood guard, city cops and firefighters packed two Brink's armored trucks with the lode, sources said.

This is not a shocker, as it was rumored that as much as $160 Billion in bullion was stored under the Trade Center. Let's read on.

The sources said the gold was found in a delivery tunnel under 5 World Trade Center.

They are taking gold out of there right now," one source said last night. "They've brought in extra cops."

It wasn't immediately clear how much gold was recovered last night - or exactly how much was buried under the complex after the Sept. 11 attacks.

The Toronto-based Bank of Nova Scotia has said its vault under 4 World Trade Center alone held more than $200 million in gold and silver. Bank spokeswoman Pam Agnew didn't immediately know if any of that gold was found last night.

Other companies are believed to have lost untold gold and valuables in the disaster.

For the last couple of days, construction workers - directed by the feds - had been clearing a delivery tunnel that runs under the complex.

Officials finally got to the gold through that tunnel yesterday, after workers hauled out a 10-wheel truck, several crushed cars and mounds of debris.

No bodies were recovered during the operation.

As workers inched closer to the gold yesterday, authorities began restricting access to the north side of Ground Zero and FBI and Secret Service agents joined cops and firefighters at the site.

"If I tried to go down there, they would have shot me," said a construction worker shooed away from the tunnel.

A handful of heavy-machinery operators and other workers, under the watchful eyes of more than 100 armed officers, built and graded a ramp into the delivery tunnel.

A small bulldozer knocked down a wall inside the tunnel, and a Brink's armored truck drove in just before sunset.

It came out about 7 p.m. with the first load of gold, sources said. A second truck entered the tunnel a short time later and also was loaded with gold before leaving.

A handful of construction workers were held over from the day shift, which ends at 7 p.m., to help.

"They sent most of us on our merry way," said one worker.

No related posts.

Attacks Buried Millions Under WTC
"Underneath the crushed concrete and twisted steel girders of the World Trade Center lie about $200 million in gold and silver owned by a Canadian bank.Officials at the Toronto-based Bank of Nova Scotia have no idea when they will be able to recover the gold and silver but aren't worried that someone might try to steal it."All of ground zero is extremely secure,'' said bank spokeswoman Diane Flanagan.The gold and silver was in a vault at 4 World Trade Center, which was reduced to rubble just like the twin towers that collapsed after the Sept. 11 attack. It was not immediately clear in what form the precious metals were in, such as ingots or coins."We have every reason to believe it is safe and intact,'' Flanagan said. "And we have every reason to believe it is fully recoverable.''Besides the legions of police officers who prevent onlookers from approaching the trade center site, the bank has hired its own security contingent to protect the assets.Flanagan wouldn't say how many security officers are on duty at the site for the bank, or what precautions have been put in place. The eight vault employees who kept watch over the gold and silver before the attacks escaped unharmed.The gold and silver is insured and is part of a larger cache controlled by the bank's bullion and precious metals subsidiary, Scotia Mocatta Depository Corp." - Journal Sentinel/AP (10/06/01)
Millions in gold and silver recovered from WTC - CTV (10/31/01)
Cache of gold found at WTC; Two truckloads retrieved through a tunnel in rubble
"Workers at Ground Zero unearthed last night a buried treasure of gold, hidden for weeks under the ruins of the World Trade Center.This is not a shocker, as it was rumored that as much as $160 Billion in bullion was stored under the Trade Center." - NY Daily News (10/31/01) [Reprinted at: sierratimes.com; rense.com]
Crushed towers give up cache of gold ingots
"RECOVERY workers at Ground Zero have discovered hundreds of gold ingots, part of a billion dollar cache which was lost when the twin towers fell.The collapsed buildings contained a number of vaults and strongrooms, but the police were not saying who owned the gold.The Comex metals trading division of the New York Mercantile Exchange kept 3,800 gold bars — weighing 12 tonnes and worth more than $100 million (£70 million) — in vaults in the building’s basement. Comex also held almost 800,000 ounces of gold there on behalf of others with a value of about $220 million. It also held more than 102 million ounces of silver, worth $430 million.The Bank of Nova Scotia, which kept gold in the Comex vault, reported $200 million of gold lost in the wreckage. Comex also held precious metals for Chase Manhattan Bank, the Bank of New York and Hong Kong and Shanghai Banking." - Times Online (11/01/01) [Archived at: 911research.wtc7.net]
Thanksgiving at Ground Zero
"Unknown to most people at the time, $650 million in gold and silver was being kept in a special vault four floors beneath Four World Trade Center. The gold and silver were recently recovered." - Delta Farm Press (11/19/01)
(See also: February 26, 1993 - Police first believed '93 WTC attack was an attempted gold robbery; October 30, 2001 - Recovery workers discover hundreds of gold bars in a delivery tunnel under WTC 5 that was being transported by a 10-wheel truck)

No related posts.

Just a beautiful set and I wish I owned it, but I don't. The key to this set is the WTC $25 Gold coin. So if you want this set you have to get the $25 gold coin from somewhere. Also you next question would be was there a WTC $50 gold coin found at the vault. The answer to that question is yes, but that coin is even more scares but its available for the right price. This set was in may 2008 up for auction on E-bay.

No related posts.

By Simon English

Last Updated: 9:22pm BST 18/09/2001

GOLD and silver worth $240m (£170m) is buried under the debris that is all that remains of the World Trade Centre in Manhattan.

Rescue workers searching through the rubble will at some point come across 30m ounces of silver and almost 380,000 ounces of gold, though in what condition is not clear. The silver, worth around $128m, represents a third of the stockpile of Comex, the futures exchange.

The treasure was stored by the Scotia Mocatta Depository Corporation on behalf of investors that trade futures contracts in precious metals on the New York Mercantile Exchange (NYME). The value of each metal, seen as "safe havens" in times of crisis, has risen since the terrorist attack.

Gold jumped almost 7pc on Monday to an 18-month high of $290.90 an ounce but fell back yesterday to $287.50. Silver closed in London yesterday at $4.31 an ounce, up from $4.27. The metal had been stored in the WTC for years and almost never changed hands.

Investors buying and selling gold and silver usually just exchange the warrants that indicate ownership. Only 1pc of gold trades involves a physical transfer, said the NYME. Analysts say that the amount under the building is not significant enough to cause a shortage in either gold or silver.

Graham Birch, head of mining at Merrill Lynch Investment Managers, said investors have been moving into his £82m gold equity unit trust. "Gold is also something of a dollar hedge and the lower interest rates are the more attractive, it seems," he said.

Trading in the fund was closed last week, however. The NYME is based at the World Financial Centre, near the ruins of the towers.

It re-opened for business on Monday after working from temporary headquarters last week. An internet trading system was devised to allow at least some dealing. The exchange was the subject of a bomb threat yesterday and evacuated the building as a "precautionary measure", halting trading briefly.

It is an old-style open outcry trading floor that was left intact by the attacks.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2001/09/19/cngold19.xml

No related posts.