Category Archive : Silver

50 Years Ago the US Government Stripped Dimes, Quarters & Halves of Silver

July 23, 2015 marks the 50th anniversary of the debasement of United States’ coinage. The Coinage Act of 1965 debased the coinage of silver from the dimes and quarter dollars and diminished the silver content of the half dollar from 90% to 40% before it, too, lost all of its silver content about 5 years later. The US government claimed the reason for the act was coin shortages caused by the increase in the price of silver.  The Act also forbade the mintage silver dollars for five years.

The demonetization of the silver came just over two year after US President John F. Kennedy delegated authority to the Secretary of the Treasury to issue silver certificates. In his book Crossfire, Jim Marrs posits that Kennedy created silver certificates to undermine the power of the Federal Reserve, though others say that Kennedy’s decision was merely a matter of convenience during a time of transition away from silver certificates.  Here are parts of the speech by Lyndon B Johnson announcing the change: Read More

“America Is America’s Greece” – Exclusive Interview With Andrew Hoffman

A storm is brewing on the global level. In recent weeks the world has seen numerous nation-states plagued by economic turmoil. China, Greece, Puerto Rico, Venezuela and others have had a taste that the global crisis which shocked the world in 2008 was not in the past. Rather, it remained in the present, as well.  The Chinese stock market crashed, and its the second largest stock market in the world.  Pundits wondered – could the same happen in the US. 

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Crisis Stricken Nations See Interest Increase For Gold, Bitcoin

Numerous nations throughout the world are currently dealing with currency or debt crises of one kind or another. Greece has stolen the headlines where they’ve needed to secure a bailout from the European Union so as to not go broke, and Puerto Rico, a US protectorate, has said it will not have the funds to service its debt. The Chinese stock market has collapsed with the government instituting controls to prop it up, while in Venezuela inflation ravages the food aisle, which have gone bear in recent months.

In China, you see gold is clear winner in the wake of recent turmoil. Included in this article are the regional interest data points from Google Trends.

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Interest in gold in China has taken off.

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Regional interest in gold

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Regional interest in silver in China

Included in this article are the data points for regional interest. In China, regional interest in Bitcoin is different than the other countries. Whereas in Greece, Puerto Rico and Venezuela interest in Bitcoin is tied to the main cities of the country, in China the interest appears more diffuse. 

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Regional interest in China in Bitcoin

As you see below, interest in both gold and Bitcoin have increased in terms of Google Trends search queries in Greece. Gold has seen a modest spike, while Bitcoin is clear winner in terms of new, recent interest in Greece.

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Gold has seen a small uptick in Greece located search queries, while Bitcoin has seen a considerable spike.

As in the remaining countries, precious metals queries occurs throughout the nation, while Bitcoin queries is more-so located in Athens. 

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Here you see Greeks interested in gold live throughout the country.

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Here you see interest in silver spread throughout Greece.

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For Bitcoin, most Greeks are centered in Athens who query Bitcoin.

In Venezuela, gold and Bitcoin have seen an increase in search queries, silver not so much.

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And regional interest in Venezuela: 

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Venezuelans are interested in silver throughout Venezuela.

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 In Puerto Rico, similar trends: 

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Interest in gold in Puerto Rico is spread out throughout the island.

 
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Interest in silver in Puerto Rico is more centralized than gold.

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Gold, Silver & Bitcoin Interest Increasing In Greece

 

With Greece inching closer to a default, and European partners putting pressure on the southern Greek nation, Greeks have pulled money out of banks to the tune of 2 billion euros this week. Alongside this trend, we see an increasing interest in the precious metals sector, as well as the crypto-currency sector, on Google Trends.

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Gold, too, has seen a spike in interest.

 

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And, finally, Bitcoin, which last saw a spike in interest in 2013, has also seen an increase in interest.

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Denarium Hopes To Pick Up Where Casascius Left Off




“Low-cost” physical bitcoins (basically coins with enough data on them to retrieve a certain number of bitcoins) have always enjoyed demand from the Bitcoin space, however numerous startups which pursued the idea faced headwinds due to regulatory concerns early on in their evolution. Now, a Finnish Bitcoin startup is running with the idea, an idea which led to the best known company, Casascius coins, which go for a pretty penny to this day. That company ceased operations in 2013. 

Denarium hopes to supply such coins to appease the demand for physical bitcoins.

“What we hope to achieve is to allow everyone to have an easy-to-understand gateway to the world of Bitcoin. Our first product is a simple, low-cost product that anyone can afford,”  Denarium co-founder, Henry Brade, told Crypto Coins News.
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Blythe Masters Goes From Silverbug Enemy #1 To Bitcoin Darling

Originally appeared on Bitcoinomics.Net

Until last week, Blythe Masters was the butt-of-jokes from individuals like Max Keiser and the subject of many memes. In this episode of The Keiser Report, Max Keiser clarifies the claim by Blythe Masters that JP Morgan does not manipulate silver prices.

In this following meme, Banzai7 goes a bit further.

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Gold & Silver Selloff While Bitcoin Price Increases, S&P 500 & Euro Declines

Bitcoiners have had quite a showing in March compared to most other markets.

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Gold Eagle & Silver Eagle Sales Total February 2015

US Mint sales for February ticked downwards as both American Gold Eagle and the American Silver Eagle sold fewer units than in previous months.

3,022,000 American Silver Eagles were purchased from the US Mint in February, a 45.4% decrease off January’s 5,530,000, a 19.4% decrease from the year prior, the worst February totals since 2013. Read More

A Brief Recent History Of Precious Metals Manipulation Investigations

Although terms like “free market” are often used to describe modern life,  evidence of command-and-control markets  keeps finding its way into headlines, most notably with Libor – the rigging of global interest rates (or the price of money) – shocking the world

What fewer know is the consistent investigation by national authorities into the rigging of precious metals prices by major banks.  There have been more than a few. The Department of Justice antitrust division prosecutors investigation into the price-setting process, which was announced yesterday, is merely the most recent. Read More

Gold Investors Bullish On Gold & Silver Bullion Based On January US Mint Sales

Sales numbers (brought to the internet by CoinNews.Net) of US Mint American Eagle and American Buffalo sales increased in a big way in January with the newly dated 2015 bullion coins selling in quantity and attracting investors and collectors thanks to volatile gold and silver prices during the month of January. Many bullish sentiment has been expressed in recent months in regards to gold, and investors are nervous about a stock market that looks topsy-turvy. Read More

Just How Much Silver Is In The Super Bowl Trophy?

Silver and gold have been a big part of history, right alongside sports. And that is why it makes sense that many of the world’s most important trophy’s in sports. Yesterday we saw the end of Super Bowl XLIX, and everyone has spoken about the controversy swirling around Pete Carroll’s late decision which might have cost the Seattle Seahawks their second straight Super Bowl. Read More

Silver-Investor David Morgan: Industrial Demand, Looper (Film), Dividends & Oil

How long have you been investing in silver?

Since my early 20’s, once I had a job and some sort of cash flow that was the real beginning.  I did buy a few silver coins as a kid but nothing of significance.

What got you interested in silver? Read More

GoldSilver.Com Is Now Accepting Bitcoin

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As is made clear in the above announcement, GoldSilver, owned by well-known sound money proponent Mike Maloney, has begun accepting Bitcoin for gold and silver. While not the first bitcoin-to-bullion vendor, GoldSilver’s Maloney has made it clear he supports Bitcoin. He was brought to the coin very much the same way many other precious metals investors were – via Trace Mayer.

It’s not only Mike Maloney accepting Bitcoin now, but also Peter Schiff, who also recently began accepting Bitcoin for gold and silver.

Mike Maloney is perhaps best known for his popular YouTube series, The Hidden Secrets Of Money. For that series, click here.

 

A Silver Lining In Solar Energy Demand?

Solar energy is seen as an important step towards cleaning up human society.  The process works by using radiant light and heat from the sun harnessed using a range of ever-evolving technologies like solar heating, solar photovoltaics, solar thermal energy, solar architecture and artificial photosynthesis.

The development of solar energy is so important that, in 2011, The International Energy Agency said that “the development of affordable, inexhaustible and clean solar energy technologies will have huge longer-term benefits. It will increase countries’ energy security through reliance on an indigenous, inexhaustible and mostly import-independent resource, enhance sustainability, reduce pollution, lower the costs of mitigating global warming, and keep fossil fuel prices lower than otherwise. These advantages are global. Hence the additional costs of the incentives for early deployment should be considered learning investments; they must be wisely spent and need to be widely shared.” 

One aspect of silver, which many people do not know about, is the amount of silver needed in order to create solar panels. Silver has long been needed in industrial applications.

Back in the days of analogue photography, film was coated with a minute layer of silver chloride, silver bromide or silver iodide.  Silver has also been important for the production of motion pictures, as movie screens were once covered in paint embedded with the most reflective metal – silver – thus resulting in the “silver screen.”

Obviously today things have become more digitized. Silver demand has fallen about 70% according to some sources. But that doesn’t mean silver today serves no purpose. Photovoltaic (PV) installation – otherwise termed solar energy – is a promising technology that could lead to sustained silver demand for the long term.

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Each solar panel has between 15 and 20 grams of silver, which, assuming $15 silver, is about $20 per solar panel.

Solar is not the only industrial use for silver in the modern world. Cell phones, computers, automobiles and water-purification systems all require silver, and the so-called “devil’s metal” contains antibacterial properties, prompting its use in the manufacturing of surgical instruments, stethoscopes and other health care tools. Demand is worldwide, too, as China accounts for 30% of the market. Installed capacity has been increasing rapidly every year as costs decrease.

Solar photovoltaic system prices are declining steadily, having dropped by 12-19 percent nationwide in 2013, according to a report from the Energy Department and Lawrence Berkeley National Laboratory (LBNL).

“These price drops are consistent with previous annual reductions achieved since 2010, when the Energy Department’s SunShot Initiative was established,” NREL’s David Feldman, a lead author of the report said. “However, the report also indicates that there are significant variations in reported pricing both geographically and across market segments due to a variety of factors, including value-based pricing based on local competition within the marketplace and prevailing electric retail rates. Other factors include differences in specific system configurations such as panel efficiency, mounting structure, and geographic location; and the time lags between commitments and commercial operation for utility-scale systems.”

The report, entitled Photovoltaic (PV) Pricing Trends: Historical, Recent, and Near-Term Projections (2014 Edition), demonstrates a downward trajectory in PV system pricing continued in 2013, and it is expected to continue through 2016 and beyond. Some other findings in the report include:

  • Modeled utility-scale PV system prices dropped below $2 a watt in 2013, and continued their decline in 2014, reaching roughly $1.80 a watt, which is 59% below 2010 pricing.
  • PV is anticipated to reach widespread grid parity in the US without federal or state subsidies.

“There is still considerable uncertainty as to how low PV system prices will drop in the next five to 10 years,” according to Feldman. “However, there appears to be an emerging consensus that the SunShot’s price reduction targets are within reach and more and more likely to be realized. We see this reflected in the fact that many of the current projections are far lower than projections made in the recent past by the same sources.”

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80 metric tons of silver are needed in order to generate one gigawatt, or 1 million kilowatts, of electricity, which could power about 90 average American homes annually. In 2016, experts anticipate nearly a million-and-half metric tons of silver are expected to be needed to meet solar demand in the US. Overall electricity generated by U.S. utility-scale solar photovoltaic power plants has increased more than 100 percent in 2014 compared to the same period in 2013. Over the last 40 years, prices have dropped considerably for photovolatic cells.

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Ikea has been a big investor in alternative energies and, as can be seen by the photo below, many of their stores are powered by solar.

An impressive 87 percent of IKEA's facilities here in the U.S. are powered by solar.

Solar’s future is looking bright as the average cost of city-provided energy increased 37%. Increasing numbers of homeowners are therefore looking to solar as a viable energy to power their homes.  Solar photovoltaic effect was first identified 175 years ago. It seems that, in the 21st century, it is poised to go mainstream.

A Look At Silver’s Largest Intraday Move In Two Years

Silver’s volatility should come as no surprise as the metal creeps back down to its lows around the 2008 banking collapse of $9-$12. The drop down to nearly the $13 handle could be considered a major washout in a market that has been sold en masse for the past few years.

Silver moved 18.7% from its intraday low of $14.15 according to FactSet data. The price of $14.15 for silver on Sunday was its lowest price since Sunday. Read More