Posts Tagged ‘Precious Metals’

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Buy Gold – Wise Investment Options

gold eagle invest
CoinsBullions asked:

As one of the world 's leading refiners of precious metals and fabricators, Pampa? considered especially good for the spirit Opening on the road, as proven in 1977 by introducing wide variety? decorative designs from the back of its ingots, also known as' small bars'. the * An industry first, the purpose? was not only to extend the boundaries of the concepts bar ingot, but also a new emphasis placed on the intrinsic beauty - and thus the value - of precious metals globally. Consequently, the vast collection of decorative motifs has opened new doors for bullion as a memorable gift, suitable for all occasions, in each market. Today, Pampa controls pi? the Met? world market for bars of gold rod that weigh less than 50 grams. The introduction of bar-embellished Fortuna of silver, platinum and palladium also met with resounding international success. The packaging and signed certificate guarantees the quality, weight and content analysis of each precious metal bar that leaves the refinery. The reasons range from mythological and astrological themes with religious icons and monuments to the botanical representations. The pi? famous of these drawings? course? delicious? Ms Fortuna?, who? quickly turned into the calling card of Pampa. The hooks are available for wear of pending with the owner, the multi-colored holograms, as is safety feature that decorative. Fortuna? The first decorative motif to decorate the ever ingot Precious Metals, a banner that announced Pampa 'product quality? and services universally s supreme for nearly a quarter century. Indeed, only the Roman goddess of luck pu? cos? admirably carry the ideals and prestige of the world 'main independent refiner of precious metals to s. For centuries, gold buying? been recognized as one of the best senses keep one 'of wealth if purchasing power. The gold? a single investment, one that has served well the humanitarian? for thousands of years. From the time of the ancient Egyptians, Greeks and Romans to pi? modern times, man? been fascinated with the beauty and magic of gold and with the power to change men 's lives Golden rod? real, honest money

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Investment in Gold Bullion Coins

gold eagle invest
CoinsBullions asked:

The investment in the currencies of the rod of gold and silver coins are far better option for investment that bars StocksSilver have emerged as popular investment silver because areuniform the formats, making them easy to handle and convenient store. Additionally, silver bars are compact, which allows investors to ensure agreat deal of wealth in small deposits related. The bar silver marks withrecognized the guarantee are readily accepted for resale, making them easy to toconvert cash. Investors bar and the currency of palladium ingot of today have few investmentchoices of palladium. When palladium chiodato to $ 1100 towards the end of 2000, most of palladiuminvestors sold their coins and bars in quell'aumento ingot and released on themarket. During the following years, the demand for small coins andbars of palladium was so small that most minds have abandoned refineries produce private coinsand of ingot of palladium cease doing bars ingot of palladium. Since it was buying industrial investors that forward-almost-notpalladium Shakers and palladium all bars and coins of palladium endedup sold in 2000 merged. Now, though, the bars of palladium ingot and coins beingproduced to meet the renewed investment of palladium. The popular forms of palladium for the investment of 1 oz Credit Suisse and bars ingot 1-ozPAMP, both of which are refined in Europe. Towards the end of 2005, the Canadian mint theRoyal began to strike coins of 1 lle dell'oncia maple leaf of palladium, whichcould is the investor favorites for investment palladium. AlthoughCredit Suisse and Pampa and respected names in precious metals refining, many investors prefer coins produced by the mind of government. Investors of ingot and currency of platinum coins have not ofplatinum large selection to choose from. However, the coinsavailable of ingot platinum next best minds from around the world. PlatinumEagles is produced by the mint of the United States, sheets of maple platinum from Canada 'Canadian mint sRoyal and the platinum Koalas from Australia' gold coins dell'aquila s Perth Mint.American are good collectibles and are considered an option good investment. Another kind of currency is the famous gold coins of gold American Buffalo. It is always advisable to buy gold coins when gold prices fell. Do not get attracted and not buy gold coins when prices are high. It may be a bad investment if prices regredicono. Author bio-- the inventory of coins and ingots include many types of coins of gold ingot as American Eagles, the rod of coins and gold bars. In the future, coins and ingots will expand understanding of gift items and jewelry.

Kansieo.com

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Millions Under WTC

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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)

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Gold and silver buried in WTC

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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

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THE VAULT; Below Ground Zero

 

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By JIM DWYER

Published: November 1, 2001

About two weeks ago, a security team spotted scorch marks on a basement doorway below 4 World Trade Center, on the east side of the ruined complex, according to officials.

Even in a place of mass devastation and death, those scorch marks got fast attention. They had not been noticed by a patrol team a few hours earlier, and behind the damaged -- but intact -- door were nearly a thousand tons of gold and silver. To security officials, it looked as if someone had tried to break in.

Within hours, a video surveillance system was installed to keep at least an electronic eye on the precious metals until their custodian, the Bank of Nova Scotia, had a chance to remove them. That work began this week.

A team of 30 firefighters and police officers are helping to move the metals, a task that can be measured practically down to the flake but that has been rounded off at 379,036 ounces of gold and 29,942,619 ounces of silver.

As layers of debris are peeled away, recovery workers are opening gangways to intact portions of a 16-acre basement that was largely unseen but was a place of spectacular scope in its own right. Just the basement area of the World Trade Center enclosed twice as much space as the entire Empire State Building.

Nearly a quarter of a mile below the spectacular vistas from the towers was their upside-down attic dropping 70 feet below the ground, a strange world with enough room for fortunes in gold and silver, for Godiva chocolates, assault weapons, old furniture, bricks of cocaine, phony taxicabs and Central Intelligence Agency files. With so many people still lost, the owners of this stuff have maintained a discreet silence during the recovery operations. But that doesn't mean they're not interested.

Beneath the Customs House -- 6 World Trade Center -- was an armada of government vehicles, including dozens owned by the Secret Service, in a fenced-off area. Within that area was a garage where a single armored limousine was parked under the tightest security.

The limousine was so long that it needed straight-line access to the street, because it could not clear tight corners in the basement.

That car had been used to carry heads of state visiting the city, said Tony Ball, a spokesman for the Secret Service. (The president's limousines are stored in Washington and flown everywhere he visits.)

In the 1993 trade center bombing, an armored Secret Service limousine was parked about 100 feet from a truck bomb. Although the bomb crashed through five stories of concrete and the concussion destroyed cars all over that floor, the Secret Service limousine ''did not even have a broken windshield,'' according to a government official on the scene that day. The condition of the limousine after September's attack was not known yesterday. ''We haven't gotten anything back yet,'' Mr. Ball said.

Asked about reports that his agency also kept what looked like ordinary taxis and telephone company trucks in the basement, Mr. Ball laughed. ''What I would say is that it is not unusual for law enforcement agencies to have these kinds of things,'' he said.

Besides the Secret Service, the building named for the United States Customs Service also housed an office of the C.I.A.

That building is now partly collapsed, with a rubble pit 30 feet deep. Somewhere in there are drugs, weapons and contraband seized by the Customs Service at the region's airports. The Bureau of Alcohol, Tobacco and Firearms also lost two evidence vaults, according to a spokesman for that agency, Joseph Green. They have not yet been recovered.

''There could be several hundred weapons -- somewhere between 200 and 400, ranging from small-caliber semiautomatic pistols to assault rifles,'' Mr. Green said, adding that a few of the guns had been found. Agents plan to be on the scene when the remains of the building are demolished sometime in the next two weeks, he said.

''After that, we'll be working at the landfill to search for any important items that are still missing.''

For people who have seen the surface destruction, either in pictures or in person, it may be hard to imagine that anything is intact below ground. But engineers and recovery officials say that large parts of the underground perimeter are undamaged, even though the buildings above them are partly collapsed

 

One area is below 4 World Trade Center, where more than two decades ago, Swiss Bank built a huge vault and storage area. The vault was reached from the Swiss Bank offices by a private elevator.

To reach the vaults, armored trucks would drive through what had once been the tunnels for the Hudson and Manhattan railroad, the predecessor of the PATH system. These tunnels had run as far east as Church Street, but were not needed when the trade center was built and the PATH terminal was set closer to the river.

The western stubs of the original tunnels, ringed with cast iron, were converted into roadways. These roads ran directly to a roll-down door in front of the Swiss Bank vault area. Inside was a loading dock.

By the time of the 1993 bombing, Swiss Bank no longer was using the vault, and shortly afterward, the bank relocated its remaining operations.

The next tenant of the vault space was the Bank of Nova Scotia, which estimated the value of the metals at $200 million.

''We are in the process of relocating the contents of our vault at World Trade Center building No. 4 to another secure location, because authorities need to demolish the building,'' Pam Agnew, a spokeswoman for the bank, said yesterday by phone from Toronto.

Some of the metal is owned by the bank, and some by its customers, she said. She declined to say where the metals were being taken.

''The contents remain safe and intact,'' Ms. Agnew said. ''The contents are fully insured. We're working very closely with local authorities to ensure a safe and secure relocation effort.

''The removal of the contents was not a priority for us because we've always known it was safe and secure,'' Ms. Agnew said.

Asked about what appeared to be an attempted break-in two weeks ago, Ms. Agnew said that she was unaware of it. Later, she called to reiterate that the metals were safe: ''It would be factually incorrect to say there had been any attempt to steal the contents of our vault.''

However, a government official involved in the recovery efforts said that there had clearly been an attempt within the last two weeks to enter the vault area. ''It looked like they used a blowtorch, a crowbar,'' said the official, who spoke on the condition that neither his name nor his position be identified. ''The Port Authority police began periodic patrols, and then a closed-circuit television system was put in.''

The bank also engaged Kroll Inc., a security business based in New York, to supervise the relocation of the gold and silver, a process that began this week, The Daily News reported yesterday.

Michael Cherkasky, the president of Kroll, declined to comment on his company's involvement.

Anyone trying to make off with the gold would not be able to run very fast: each ingot weighs 70 pounds.

Correction: November 7, 2001, Wednesday An article on Thursday about property of the C.I.A. and the Secret Service buried at the World Trade Center site misstated the nearby location of the two agencies' former offices. While the agencies stored vehicles beneath the Custom House, at 6 World Trade Center, their offices were in No. 7.

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