Category Archive : Platinum

Under New Proposed Legislation, The U.S. Mint Would Issue Two $1 Trillion Platinum Coins

Will the U.S. Mint create two $1 trillion platinum coins in order to bailout Main Street America?

Congresswoman Rashida Tlaib (MI-13) has proposed the “Automatic BOOST to Communities Act” in response to the Coronavirus crisis. The Act would provide a U.S. Debit Card preloaded with $2,000 to every person in America. Each card would be recharged with $1,000 monthly until one year after the end of the coronavirus crisis.

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2017 Might be Your First Chance to Tip the Moon thanks to Dogecoin

“To the moon!” That’s the cliche slogan for so many digital currencies, perhaps made most famous not by Bitcoin, but by , whose users since the beginning have proudly proclaimed the slogan. Read More

Precious Metals Are The Big Losers Headed Into the Weekend

Markets did not know what to do after election results poured in, although many markets had been pricing in a possible Trump victory for about one month prior to the election, as polls were too close to call and also the accuracy of many mainstream polls were thrown into question.

Gold futures fell precipitously Friday, their lowest finish since June, thanks to strength in the U.S. dollars and equities. The Federal Reserve, according to many analysts, might increase interest rates next month. The main reason for precious metals decline is similar to why global currencies have fallen: the strength of the dollar. Read More

An Asteroid Worth $5.4 Trillion In Precious Metals Passes The Earth Today

An asteroid worth $5.4 trillion will pass by the Earth on Sunday and you can watch it LIVE!  The platinum filled asteroid, Asteroid 2011 UW-158, will be streamed from an observatory in Canary Islands.  The asteroid mining company Planetary Resources believes the asteroid has a 100 million ton core of platinum that the company might one day wish to exploit.

The asteroid will pass 30 times closer than our nearest planet, at 1.5 million miles, which is less than half a mile (1km) across.  The asteroid is an X-Type asteroid, meaning it is made up of mostly metal.  ‘It’s always fun when an asteroid whooshes past our world so the Slooh telescopes will be watching live when asteroid 2011 UW-158 passes 30 times closer to us than the nearest planet, on July 19.’ Slooh Astronomer Bob Berman told The Telegraph.

“What makes this unusual is the large amount of platinum believed to be lurking in the body of this space visitor…

Can it be mined someday, perhaps not too far in the future?” he added.

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