Harrods Now Selling Gold Bars

Fulham FC fans will be greeted by King of Pop at stadium

(NEWSER) - A statue of Michael Jackson has found an unlikely home outside a soccer stadium in London. Jackson's statute will greet fans arriving at Fulham's home ground Craven Cottage on the banks of the Thames after it is unveiled early next month, the Telegraph reports. Team owner Mohammed Al Fayed, who commissioned the statue of his old friend after the singer's death in 2009, had originally planned to erect it outside Harrods, but he sold the luxury department store last year. More»

Our sagging economy proves that it's time to stop conjuring dollars

(NEWSER) - There was a time when money meant something, but now—as evidenced by the Federal Reserve’s “ plan to conjure $600 billion to support the sagging economy”—“dollars can be conjured.” In fact, writes James Grant in the New York Times , “in the digital age, you don’t even need a printing press.” And that’s not right. It’s time for the return of the gold standard, last in place from 1880 to 1914. “In its utility, economy and elegance, there has never been a monetary system like it.” More»

Time to act like a real business, and bust those betting against US

(NEWSER) - The federal government's vast stash of gold could be used to both bring down the deficit and drive its critics crazy, writes Thomas Frank. If the government were to take the advice of its critics and really start acting like a business, it would unload its 261 million ounces of gold, now at a near-record high, putting "Fort Knox on eBay" and having President Obama star in TV ads, Frank writes in the Wall Street Journal . More»

Soaring gold prices and a lousy economy have many hoping to strike it rich

(NEWSER) - The miserable state economy and the soaring price of gold have sent Californians back into them thar hills, USA Today reports. Prospecting clubs all over the state report a huge jump in the number of people panning for gold just as a 10.5% unemployment rate has left cash-strapped residents with free time on their hands. More»

(NEWSER) - Up and down the East coast, cash-strapped shoppers are trading in gold and silver, not at pawn shops, but at the mall, the Boston Globe reports. Merchants at kiosks buy the precious metals for less than half of market value, but customers are still pouring in. “It's certainly something that was done in the days of the Depression,” said one expert on commodities investing. More»