May 15, 2009 |
Four sales next week will offer auctiongoers opportunities to bid on fine Eastern carpets, Pennsylvania-related WPA art, antiques by the carload, and a chance to venture into the commodities market. The commodities adventure will be provided by Pook & Pook Inc. at its Variety Auction next Friday at its gallery in Downingtown. Among the 850 lots, to be offered beginning at 9 a.m., are two gold bars, each weighing one kilo (2.2 pounds). During Franklin D. Roosevelt's presidency, it became illegal for U.S. citizens to own gold, except in token quantities as jewelry.
June 21, 1992 |
The early memories are vivid, and neither time nor pain can blur them. The son, not yet school age, spies a blue globe and anchor tattooed on the father's upper right arm, and reaches out to touch it. Later he'll learn it's the emblem of his dad's beloved Marine Corps. Kneeling in prayer at bedtime, the son invokes the names of the father's heroes: "Now I lay me down to sleep . . . and God bless Robert E. Lee and Stonewall Jackson . . . " Standing by a parade ground on a splendid sunny day, gripping his mother's hand, the son sees the father saluted and honored, and he feels stirring within the desire to earn that glory one day himself.
May 7, 1994 |
Francisco McLaughlin tried the gold option as a defense, but it didn't work. He also tried to sell the idea that he was a jewelry salesman. That didn't work, either. It took a jury about 30 minutes to convict McLaughlin, 43, of Sheridan Street near Porter, South Philadelphia, of drug charges this week. Common Pleas Judge Edward J. Bradley deferred sentence and set bail at $200,000. During the trial, McLaughlin pulled out gold bars to persuade the jury that he deals in bullion, not drugs.
November 14, 1989 |
The Pentagon, accused by some of plundering national treasure, now has marching orders to help find some - a legendary pile of gold bars stacked deep beneath the White Sands Missile Range in New Mexico. Congress, in recently approving a 1990 defense authorization report, ordered the Army to help "conduct a search for treasure trove in the Victoria Peak region" of the 3,200-square-mile missile range, a no-man's land of unexploded bombs and burned-out tanks and airplane hulks. The Army is to provide the California-based Ova Noss Family Partnership with "transportation, communications, safety and security, ordnance-disposal services, housing and public-affairs assistance" in connection with the partnership's treasure-seeking efforts, the report said.
March 29, 2012 |
Joseph Rivera, 56, of Winslow, had full-time work ensuring that temp firms complied with state wage and tax laws. But it was his sideline that made it possible for him to afford two Shore homes, real estate in Fort Lauderdale, Fla., a luxury car, and several bars of gold. Federal prosecutors said Rivera accepted $1.86 million in bribes from at least 20 owners and operators of temporary labor firms in return for his official help. Rivera pleaded guilty Wednesday in federal district court in Camden to solicitation and acceptance of a bribe and tax evasion.
September 24, 2007
THERE IS a bull market in gold. The dollar is dropping faster than Jon Kitna's pocket protection. The fiat money that is backed by little more than the "full faith and confidence" of the U.S. government is getting sacked by the mighty Euro and has even been intercepted by the once-humble Canadian "loonie. " What a time to own gold. What a time to own the NFL's "Gold standard franchise," in the opinion of owner Jeffrey Lurie, pro football's Ben Bernanke. The Eagles fell on the Detroit Lions like an armored car filled with gold bars yesterday, officially ending the municipal suicide watch with a prolific, 56-21 flogging that toppled offensive records that began 75 years ago. That was when Bert Bell and Lud Wray risked commitment to an institution by buying the franchise for $25,000 after failing with the Frankford Yellowjackets.
September 10, 2012 |
This story was updated at 11 a.m. Monday A federal judge has upheld a 2011 jury decision that a Philadelphia family who found 10 purloined gold coins, worth at least $7.59 million each, cannot keep them. The coins, "double eagle" $20 gold pieces, were among 445,500 produced by the Philadelphia Mint in 1933 but never circulated because the federal government that year outlawed the possession of gold coins. "The disputed Double Eagles were not lawfully removed from the United States Mint and . . . remain the property of the United States," Federal District Judge Legrome D. Davis wrote in his Aug. 29 judgment, upholding a decision made by a federal court jury in July, 2011.
January 13, 2013 |
DUBAI, United Arab Emirates - Dubai is sometimes called the City of Gold because of its stunning growth from a sleepy Persian Gulf port to a world-famous business crossroads in the space of a single generation. Its nickname has a literal meaning for traders in the precious metal. The city is building itself up as a center for the gold trade, between sources in Africa and consumers in the rising economies of China and India. Dubai now has about a 29 percent market share of global gold trade with nearly 1,200 tons - worth about $41 billion - changing hands at the city's gold markets, according to the gold industry website bullionstreet.com.
July 30, 1991 |
William Pollen, the globe-hopping doctor who admitted using fake identities and phony passports to dodge IRS investigators, was such a master at hiding his income that it may take three days of testimony to determine just how much he cheated on his taxes. Pollen, 68, pleaded guilty in May to income tax evasion and could be sentenced to as much as 20 years in prison when a sentencing hearing, which began yesterday, ends in U.S. District Court in Camden. Pollen, a former orthopedic surgeon from North Jersey, was accused of either underreporting his income or failing to pay taxes for a total of 10 years, beginning in 1967.
November 24, 1999 |
Sotheby's, the 255-year-old auction house that in 1811 auctioned off Napoleon Bonaparte's library and in this century fetched $78 million for Renoir's "Au Moulin de la Galette," has gone on-line. Sotheby's and Amazon.com have joined forces to create a 24-hour cyberspace auction house to offer antiques and expensive collectibles at prices ranging from $100 to more than $150,000 at their sothebys.amazon.com address. The address is offering items in more than 100 collecting categories, among them fine oil paintings, jewelry, watches, silver, furniture, entertainment and sports memorabilia, vintage fashions, coins and photographs.