Russia backs return to Gold Standard to solve financial crisis - Telegraph

Russia backs return to Gold Standard to solve financial crisis - Telegraph: "Russia has become the first major country to call for a partial restoration of the Gold Standard to uphold discipline in the world financial system."

What does one TRILLION dollars look like?

What does one TRILLION dollars look like?: "What does one TRILLION dollars look like?"

FT.com / MARKETS / Commodities - Gold coin shortage as demand soars

FT.com / MARKETS / Commodities - Gold coin shortage as demand soars: "The rush by retail investors into bullion coins is creating shortages as mints across the world struggle to meet the surge in demand, dealers and mint officials say."

UPDATE 1-Islamic gold security expected in Dubai-sources

UPDATE 1-Islamic gold security expected in Dubai-sources: "By Simon Webb DUBAI, Feb 24 (Reuters) - A sharia-compliant tradeable security backed by gold will be launched in Dubai next week, sources familiar with the plan said on Tuesday.
Investors have rushed into gold as a haven from the global economic storm and as insurance against potential future inflation. The price of gold rose above $1,000 an ounce for the first time in almost a year last week.

The Dubai gold security would comply with Islamic investment principles and offer regional investors a way to diversify into gold without actually buying the metal, sources said."

Stock Decline Hits Depression Levels - BusinessWeek

Stock Decline Hits Depression Levels - BusinessWeek: "Money invested 10 years ago in stocks have lost half their real value, matching the worst ten years of the Great Depression"

Failure to save East Europe will lead to worldwide meltdown - Telegraph

Failure to save East Europe will lead to worldwide meltdown - Telegraph: "The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point."

Madoff Witness Talks of Other Possible Schemes - NYTimes.com

Madoff Witness Talks of Other Possible Schemes - NYTimes.com: "WASHINGTON — The private fraud investigator who tried for years to ignite a federal investigation of Bernard L. Madoff told lawmakers on Wednesday that he had discovered another possible fraud that he would report to regulators on Thursday.

Harry Markopolos testified before the House Committee on Financial Services in Washington on Wednesday.

Witness on Madoff Tells of Fear for Safety (February 4, 2009)
DealBook: $946 Million Recovered So Far From Madoff Firm (February 4, 2009)

The witness, Harry Markopolos of Boston, said at a House subcommittee hearing that he would alert the Securities and Exchange Commission to the fraud, a $1 billion Ponzi scheme he has uncovered."