Peter Schiff’s Euro Pacific Precious Metals has begun to accept Bitcoin transactions, not because Peter Schiff likes Bitcoin per sae, but because it is a great opportunity to give Bitcoiners an avenue to divest themselves from their Bitcoin holdings.

“Bitcoin offers tremendous benefits as a medium of exchange for both our domestic and international customers. A wire transfer of fiat funds can be slow and expensive for the customer, and credit card fees are too high to absorb at the low premiums we offer,” said Michael Finger, Director of Marketing at Euro Pacific Precious Metals. “Not only does BitPay’s service make business sense, but we are excited about giving owners of bitcoin the opportunity to inexpensively and reliably convert any excess holdings into precious metals rather than back to fiat currency.” Read More

[heading]What Were On Those 500,000 Acres In New Mexico Obama Just Made A National Monument Anyway?[/heading]

Barack Obama just made the Organ Mountains-Desert Peaks region the largest national monument created during his presidency.

On Wednesday the President signed a proclamation to turn half-a-million New Mexico acres into a national monument protected from development.

And so now the Organ Mountains-Desert Peaks National Monument now represents the largest national monument created under the Obama Administration, twice the size of the Rio Grande del Norte National Monument, which is also in New Mexico. Read More

Is it truly the beginning of the end of precious metals manipulation or has the London silver fix been mostly symbolic for years? Although it is tough to know from the vantage view many of us find ourselves, there have been a lot of helpful hints along the way…

As humanity awakens to the power structure, markets have been scrutinized like never before. The precious metals market has been among the most scrutinized, if not least publicized. Most people who suspect precious metals of being manipulated believe that ALL MARKETS are manipulated, to be sure, meaning the entire economy is nothing but an illusion based on fiat – the belief of the dominant group.

But somethings have historical precedent. The precious metals’ sectors long and storied history put it at the center of the global economy. Most people, sadly, don’t know this. Read More

The US government doesn’t want people in so-called “high-risk” industries to have access to the banking system.

This includes everyone from gun shop owners, to bitcoiners to marijuana dispensaries and even porn stars!

But what the Department of Justice is overlooking is the simple fact that people will turn to gold, silver and bitcoin instead of the banking system. Bitcoin does not discriminate. Read More

[heading]The American Silver Eagle Is Doing Something Most Are Unaware Of[/heading]

US Mint sales of bullion coins increased across most selections. Overall sales of gold coins rose 3,000 while silver coins increased 399,000, underscoring how silver’s reasonable price spurs silver buying among wider swathes of the population than gold.

Sales of American Silver Eagle coins topped 17.3 million in year-to-date sales. The coin has been around since 1986 and has never sold as much as during the January through April 22 period. Tuesday marks the first time that the Silver Eagle sales surpassed those from last year which were at 17,291,000 on April 22, 2013.

Read More

[heading]US Mint Silver Eagle Bullion Coins Top 5.3M in March Sales[/heading]

2013 was a year in which the US Mint saw American Silver Eagle coin sales break record after record. Ultimately, the US Mint sold 42,675,000 coins, 26% more than it had sold in 2012, marking a new yearly record.

Soft precious metals prices have stifled some demand, although March did see the Mint sell 5,354,000 silver American Eagles, which is 30% more than it sold in February and 59.5 percent more than buyers purchased in March 2013, according to CoinNews.  Marking the MInt’s fourth biggest sales month in history, it trails only: Read More

[heading]American Silver Eagle Sales Hits All Time Record[/heading]

On Tuesday silver prices were dragged down to $20.60, leading many precious metals investors to wonder where their complex would head next. The only metal which showed any strength was platinum. The soft prices in 2013 for silver did not stifle demand, as sales of the American Silver Eagle one-ounce bullion coin hit an annual record Tuesday.

The total sales to date as of Tuesday, November 12, 2013, were 40.175 million ounces, according to the Mint.

The previous annual record was set in 2011 at 39.869 million ounces. Read More

[heading]”Buy Silver” Maintains Momentum Despite Silver Prices[/heading]

According to Google Trends, although silver sentiment has reached levels approaching those not seen since before the metal began its current bull market in, arguably, 2005, for the search term “silver,” Google users are still engaging the search term “buy silver” on a long-term growth trend, with Google even forecasting that the trend will continue its recent uptick. Read More

[heading]Tuesday Nudges American Silver Eagles Towards Record [/heading]

It makes sense that American Silver Eagles are seeing a spike in demand. This week alone, the US government has almost defaulted. This week alone, one-in-seven Americans were told they might starve this winter. This week alone, JP Morgan has signaled they will institute their own capital controls.

Tuesday saw the negative credit watch decision by Fitch lead to a single day jump in the sales of American Silver Eagles of 749,500, thusly approaching 38 million on the way towards a new annual record. Read More

The Save II Act (HR 3146), introduced in the House of Representatives on September 19, 2013, carries a provision that would prohibit “non-cost effective” minting and printing of coins and currency. Read More