- published: 02 Jun 2017
- views: 52812
Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver. It runs a website for gold news, commentary and market information.
In the late 1970s, college student Bart Kitner started trading scrap gold using a $700 loan. He refined and selling the resultant pure gold grain on to bigger players. Eventually, he was able to expand his business into other industrial areas and, by the late 1990s, into precious metals products.
In 1995 the website Kitco.com was launched providing market information — prices, trends, news.
Today, Kitco occupies more than two floors of a Montreal office building and two other offices in New York and Hong Kong.
Kitco News is the journalistic division of Kitco, reporting using articles and videos. Original coverage by Kitco News includes being one of the first organizations to break the story about the Gold Anti-Trust Action Committee's (GATA) lawsuit against the Federal Reserve, as well as focus pieces on issues such as conflict minerals in the Congo. In addition to this, Kitco News reports on price movements within the precious and base metals markets, and provides both fundamental and technical analyses.
Douglas R. Casey is a venture capitalist, an American investment advisor and writer. He is the founder and chairman of Casey Research. He is a libertarian and an anarcho-capitalist. He is known for advising how to profit from periods of economic turmoil.
Casey is a graduate of Georgetown University where he was a classmate of Bill Clinton. He was raised Roman Catholic.
Casey has a wine and residential sporting estate project called Estancia de Cafayate in Salta Province, Argentina.
Casey's 1979 book Crisis Investing was a national bestseller. It was at number one on The New York Times Non-Fiction Best Seller list in 1980 for multiple weeks. It was the best-selling financial book of 1980 with 438,640 copies sold.
Casey contributes his opinions to websites including WorldNetDaily, LewRockwell.com and the Daily Bell. He has also been published in libertarian magazine Liberty magazine.
Casey Research provides a libertarian newsletter which advises on the purchase microcap stocks, precious metals, and other investments.
Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter. It advocates the importance of financial independence and building wealth through investing, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence to improve one's business and financial aptitude. Rich Dad Poor Dad is written in the style of a set of parables, ostensibly based on Kiyosaki's life.
The book is largely based on Kiyosaki's childhood upbringing and education in Hawaii. It highlights the different attitudes to money, work and life of two men (i.e. his titular "rich dad" and "poor dad"), and how they in turn influenced key decisions in Kiyosaki's life.
Among some of the book's topics are:
For Dummies is an extensive series of instructional/reference books which are intended to present non-intimidating guides for readers new to the various topics covered. The series has been a worldwide success with editions in numerous languages.
The books are an example of a media franchise, consistently sporting a distinctive cover—usually yellow and black with a triangular-headed cartoon figure known as the "Dummies Man", and an informal, blackboard-style logo. Prose is simple and direct; bold icons, such as a piece of string tied around an index finger, are placed in the margin to indicate particularly important passages.
Almost all Dummies books are organized around sections called "parts", which are groups of related chapters. Parts are almost always preceded by a Rich Tennant comic that refers to some part of the subject under discussion. Sometimes the same Tennant drawing reappears in another Dummies book with a new caption.
Another constant in the Dummies series is "The Part of Tens", a section at the end of the books where lists of 10 items are included. They are usually resources for further study and sometimes also include amusing bits of information that do not fit readily elsewhere.
James G. Rickards is an American lawyer. He is a regular commentator on finance, and is the author of The New York Times bestseller Currency Wars: The Making of the Next Global Crisis, published in 2011, and The Death of Money: The Coming Collapse of the International Monetary System, published in 2014.
Rickards graduated from Lower Cape May Regional High School in Cape May, New Jersey, in 1969. He graduated from The Johns Hopkins University in 1973 with a B.A. degree with honors and in 1974, from the Paul H. Nitze School of Advanced International Studies in Washington, D.C. with an M.A. in international economics. He received his Juris Doctor from the University of Pennsylvania Law School and an LL.M in taxation from New York University School of Law.
As general counsel for the hedge fund Long-Term Capital Management (LTCM), he was the principal negotiator in the 1998 bailout of LTCM by the Federal Reserve Bank of New York.
Rickards worked on Wall Street for 35 years. Rickards was the senior managing director for market intelligence at Omnis, Inc., a consulting firm. On March 24, 2009, Rickards presented his view at a symposium at Johns Hopkins, that the U.S. dollar was facing imminent hyperinflation and was vulnerable to attack from foreign governments through the accumulation of gold and the establishment of a new global currency.
Gold is a wealth attractor, this according to Robert Kiyosaki, the best-selling author of Rich Dad, Poor Dad, who uses the metal to boost his net worth. “If I want $10,000 a month, I hold $10,000 in gold; gold is an attractor and people need to understand that if you buy more gold, your income goes up,” he said in an interview with Kitco News. The entrepreneur said that besides being real money, he views gold as something spiritual. And while he has no gold forecasts, he pointed to another author, Jim Rickards of Currency Wars fame, for guidance. “Jim talks about $10,000 gold and his numbers work,” he said. Kiyosaki also talked about his latest book: Why the Rich are Getting Richer – his best-seller Rich Dad, Poor Dad sold 41 million copies worldwide. “If you want to be rich, you need a d...
The cryptocurrency craze continues with the leading virtual currency — Bitcoin — trading near record highs. But, to bestselling author and currency expert Jim Rickards, the new age currency may be in a bubble. Delving into the theory of valuation, the Currency Wars author said that even if investors seem to be expressing a liquidity preference for Bitcoin over the dollar, it doesn’t necessarily mean they are losing confidence in the greenback. ‘If you were losing confidence in the dollar than gold would be going up and it’s not, so it looks like a bubble,’ he told Kitco News. He added that investors should not worry that virtual currencies take over the U.S. dollar’s reserve currency status any time soon because the market is just too small. Another facet that investors may be ignoring, Ri...
Kitco News’ Daniela Cambone speaks with CPM Group’s Jeff Christian at the company’s silver reception event held during the PDAC in Toronto. According to the veteran metals expert, silver is likely to move higher. “Our forecast is that the price is probably going to trade between $16-21,” he said. “Later into the third quarter, fourth quarter and beyond, we think silver prices start rising more forcefully.” Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: http://www.kitco.com/newsletter Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com -- Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.co...
Is gold just a dollar play right now? Kitco News speaks with Rick Rule on the sidelines of the Mines & Money conference to get his take. ‘There are three times in my career where gold has done well in dollar terms during a period of U.S. dollar strength and in each case that ended with the dollar rolling over a bit and gold doing extraordinarily well,’ the Sprott U.S. Holdings chief told Daniela Cambone in New York. ‘I don’t know if past is prologue but I suspect it is.’
“[President Donald] Trump is not a Libertarian he is an authoritarian,” says best-selling author Doug Casey in part two of his interview with Kitco News, critiquing the U.S. president’s track record. “The good news about Trump is that he has some business instincts; so he’s trying to cut expenses, he’s trying to cut regulation, that’s the bright side. On the not-so-bright side, he is playing chicken with Syria and North Korea -- the last thing we can use at this point is nuclear war.” Casey went on to note that “praetorian” agencies including the CIA, members of the financial world, academia and the media all “hate” Trump and are actively working against him. “So how is this going to work out? I don’t know, but when the economy inevitably does collapse, and I still think it will happen th...
The Federal Reserve has backed itself into a corner, especially with the rate hike it announced last week, this according to mining maverick and Fed critic Frank Giustra. In an exclusive interview with Kitco News, the LeaGold chairman said he doesn’t expect the central bank to deliver the rate increases it has promised. ‘They’ll continue to talk about normalizing rates and they’ll find excuses not to,’ he said. ‘I think the next accident that happens – whether it’s a stock market crash because stock valuations are at an all-time highs now and we are ready for a major correction there – any event that causes crisis in the system will be met by further easing and another version of QE.’ The actions the Fed took in response to the 2008 financial crisis never fixed the root problem, Giustra sa...
Cryptocurrencies have been crashing after hitting all-time highs, although leading virtual currency bitcoin has been holding up better than that rest. But, to famed investor Doug Casey, they are just speculative vehicles. ‘You have to consider them like penny stocks and treat them that way,’ he said in the last part of his 3-part interview with Kitco News. ‘You can’t buy them now and look at them as a store of value because they are not.’ Despite a pullback, bitcoin is still up on the year, up over 100% since January, according to Kitco’s aggregated charts. However, the well-known gold bug is not convinced. ‘Just like penny stocks, most of them are burning matches. I think you hold onto them long enough, you will get burned.’ Don’t forget to sign up for Kitco News’ Weekly Roundup – comes ...
As the U.S. transitions into a new administration led by President Donald Trump and with the uncertainty brewing in Europe, gold and silver may prove to have another stellar year, this according to metals investor Paul Mladjenovic. He is also the author of Precious Metals Investing For Dummies, one of the books that forms part of the popular ‘For Dummies’ series. However, despite the uncertainty, Mladjenovic told Kitco News he doesn’t expect gold and silver to gain attention as safe-haven assets, but rather as inflation hedges. ‘I think silver has a strong opportunity to be around $25 by the end of 2017…gold can go north of $1,300 this year,’ he said. Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: http://...
With June marking the 36th anniversary of a Hollywood classic – Indiana Jones, Raiders of the Lost Ark – Kitco News welcomes real-life archeologist Darius Arya on the show to find out how important gold was to the Roman Empire and if the metal had anything to do with its demise. Known as an expert on Rome and also recently awarded with the Periscoper of the year Award, Arya shares his knowledge on the history of gold and silver in the world’s original financial hub. Did the Roman Empire deal with a silver supply crunch? Did the depletion of gold and silver mines lead to the demise of the one of the world’s greatest empires? Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: http://www.kitco.com/newsletter Jo...
Federal Reserve Chair Janet Yellen on Wednesday sounded a more dovish tone on U.S. monetary policy, which made many investors ‘wrong-footed’ in the marketplace and was modestly supportive for gold. After a recent beatdown that pushed prices to a four-month low on Monday, the safe-haven metal was also due for a short-covering and bargain-hunting bounce, according to Kitco’s global trading director Peter Hug. Gold prices eked a modest gain Tuesday, finishing the day well down from the session high. August Comex gold was last up $4.00 an ounce at $1,218.80. Commenting on Yellen’s testimony before the House Financial Services Committee, Hug said, ‘There was one sentence that caught my attention. She is looking for some help from the fiscal side here….and it becomes more questionable how effect...
He might just look a little bit kooky
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Except the time when he is running from the policeman
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It might surprise you he went to college
And got his degree
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Banana Man! 1 2 3!
Banana Man! I'm Banana Man!
Banana Man! Dance with me!
Whoa, Oh!
Banana Man! 1 2 3!
Banana Man! I'm Banana Man!
Banana Man! Dance with me!
Whoa, Oh!
Banana Man! 1 2 3!
Banana Man! I'm Banana Man!
Banana Man! Dance with me!
Whoa, Oh!
Banana Man! 1 2 3!
Banana Man! I'm Banana Man!
Banana Man! Dance with me!