Peter Schiff lays an iPod-sized bar valued at about $40,000 on the sun room floor of his Connecticut mansion, and calculates it would cost about $250,000 for each floor tile to pave the room with gold.
We swoop down through the clouds to the Coliseum grounds. We see senators, centurions, aqueducts, Caesar, bloody-handed Brutus, Roman baths. So far, we might be watching a cheesy educational video about ancient Rome or a really bad movie preview.
When the U.S. Justice Department charged Standard & Poor’s with fraud this month and demanded $5 billion in restitution, it culminated the Obama administration’s four-year pursuit of financial chicanery masquerading as sacrosanct credit ratings.
Linda McMahon , former chief executive officer of World Wrestling Entertainment Inc. , won the Republican U.S. Senate nomination in Connecticut and will face Democrat Richard Blumenthal in November’s election.
Gold will rebound to $1,600 an ounce by the end of this year as governments maintain efforts to boost economic growth for the next few years, according to Adrian Day, president of Adrian Day Asset Management.