Islamic Financial Institutions get Standard for Gold Products

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Islamic Institutions, which follow guidelines issued by a Bahrain based group, now have a new sharia standard for gold-based products so as to incorporate bullion into Islamic finance. Gold has long been seen as currency in Islamic finance. Investors, however, have yet to speculate on its future value since no clear policy on how to trade gold.

£100 million in Hitler’s Gold found in Nazi Shipwreck

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Adolf Hitler’s lost gold has been found, according to a British diver in the  Baltic sea. The ocean explorer’s claims he found gold the Nazi’s stole as they ransacked Europe during World War II horrors. The discovery is reported to approximate £100 million, has been sought by treasure seekers time-and-time again never to be found…until now.

India Considers Ban on Gold Imports to Undermine Black Market

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Is India thinking about banning gold imports? That could be as the trade body Indian Bullion & Jewellers Association (IBJA) informed its 2500 members through text that the government is considering a ban on gold imports into the country per part of a larger crackdown on black money.

Obama Administration Blocks New Gold Mining Claims Outside of Yellowstone

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The U.S. moved Monday to block gold mining outside of Yellowstone National Park, and the Obama Administration is seeking to keep industry out of natural and environmentally sensitive areas.  Mining claims on 30,370 acres to the north of Yellowstone would be prohibited for at least two years. A long-term ban is being considered, according to Interior Secretary Sally Jewell on a visit to Montana’s Paradise Valley, according to The Missoulian. … Read More →

Donald Trump Said He’d Consider A Gold Standard

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Marijuana for medical purposes? President-elect Donald J. Trump is for it. Helping people when they come to the US asking for help? “Absolutely,” he says, with a caveat: “People have to come into the country legally.” Man buns he admits have “never been my thing.”  As for bringing back the gold standard, the global economy order until World War II, President-elect Trump thinks it will be hard but is open-minded. … Read More →

Syrian President: “Somewhere Between the Cold War and World War III”

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Syrian President Bashar al-Assad has said the Syrian conflict is somewhere “between the Cold War and Third World War.” Syria needs help he says, yet receives little international support. “We call it a world war, but it’s a world war against Syria, tens of countries against us, sending those terrorists money and logistics, whereas our army is only Syrian, so we struggled.”  Assas sees no solution in sight. “If you … Read More →

Trump & Clinton Debate Sex Assault Comments Tape

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Early in the Presidential Debate, attention turned to recent recordings leaked from a 2005 discussion in which Trump made derogatory comments towards women. “This was locker room talk,” he said. “I’m not proud of it. I apologize to my family, to the American people. Certainly, I’m not proud of it.” He added: “I have great respect for women. Nobody has more respect for women than i do. You hear these … Read More →

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