When people think of precious metals investing, usually an image of gold bars or coins comes to mind. However, this initial idea does not begin…
Posts tagged as “Silver”
The financial world has turned its attention to gold. Gold has flirted with $2,000 an ounce, and silver has reached $26, before corrections. Meanwhile, as the mainstream press is urging the public to stay away from gold, the U.S. Mint announced it would be shutting down some of its production. But that’s perhaps not even the biggest news out of the precious metals markets.
Bill Murphy, a former American professional wide receiver who played one season in 1969 for the New England Patriots, has for decades been a financial…
James Turk is one of the most recognizable names in sound money. His career started at Chase Manhattan Bank with assignments in Thailand, the Philippines, and Hong Kong. He thereafter became the manager of the Commodity Department of the Abu Dhabi Investment Authority and held various advisory roles in money management.
New technology is increasing demand for silver.
Like, for instance, the electrification of the vehicles.
In order to electrify cards and trucks, including the new Tesla Cybertruck, manufacturers need silver.
Spot gold hit a six-year high late last week. It is the first time since April 2013 prices soared so high – peaking at a value of $1,5334.31 an ounce. Due to this price bump, US gold futures rose by roughly 1.3% to $1,537 an ounce. Despite the positive momentum, these high levels could not be sustained over the weekend.
Several factors drive the current and future value of gold and silver. Weakness in the Argentine Peso, civil unrest in Hong Kong, and the US-China trade war has forced investors to seek safehaven.
The Royal Canadian Mint is a favorite coin producer for precious metals investors. Many prefer the Mint’s 24k gold offerings or maybe the .9999…
Researchers believe they have discovered a way to add gold and silver to nail polish to create a durable, tined and perhaps even antibacterial nail…
A-Mark Precious Metals CEO Gregory N. Roberts sold 3,300 shares of the company’s stock on Thursday. Sold at $17.66, the overall sale totaled $58, 094.96.…
Silver has increased in value 9 percent since the start of the year, largely due to improving sentiment among institutional investors. But, in the past…
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.
Check out Representative Brad Sherman (Democrat, California) make some religious-based assertions about when the Federal Reserve and Janet Yellen should raise interest rates. In a…
At the third GOP presidential debate Wednesday night, moderator Becky Quick asked Ted Cruz how we could “try and help” working women in the US…
Discussion about whether or not there is a silver shortage has divided the silver community. More information about the situation has recently come out. The…
Why are US Mint gold sales on the rise? When you look closely at the news in silver market, of potentially two month delays on…
On the retail level, procuring silver bullion has become an issue with delay in several products including American Silver Eagles, Canadian Silver Maples and even…
US and New Zealand researchers recently found massive gold and silver deposits in reservoirs underneath a volcanic range on New Zealand. Project researcher Stuart Simmons told Quartz that…
In this day and age, energy comes from wind, water, sun and from geothermal forces below the surface of the planet. How to store that energy and transport it becomes more difficult. Oil is transportable and has a long shelf-life, making it a favorite option.
Elon Musk’s plan to bring a Tesla battery to homes and offices, the Powerwall, is a battery in 7 or 10 kilowatt-hour sizes. Tesla plans a battery for bigger operation with a 100 kWh unit named the Powerpack. The Powerwall can pull power from the grid during off-peak hours.
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:
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.
With Greece inching closer to a default, and European partners putting pressure on the southern Greek nation, Greeks have pulled money out of banks…
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.…
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…
Ruth Crowell is modernizing the precious-metals industry. She oversaw the update of the silver fix, which had been around since 1897. Shortly thereafter, she was on to changing the way the world sets the gold price, which had been done the same way for 95 years. The 34-year-old American, who had spent seven years at the London Bullion Market Association after coming on as a temp worker, has become the international trade group’s first female chief executive.
Alibaba Group had a huge debut with its shares beginning to trade at $92.70, up over 36% from its IPO price of $68. That increase on the New York Stock Exchange raised the company’s total market value from $168 billion to over $220 billion. Alibaba had raised $21.8 billion in its hotly anticipated IPO, the largest in US history, dwarfing Facebook Inc’s IPO.
The price of bitcoin has fallen from its $513 price of one month ago to as low as $381.17 on Friday. This week alone the crypto-asset fell from $513 to $381.
Bitcoin has proven itself as an established payments system, with some of the world’s most influential people commenting on its utility and innovation. Stephen Colbert called it “gold for nerds,” and Joe Rogan has been fascinated by the technology, having Andreas Antonopoulos on as a guest to the Joe Rogan Experience twice now. Some political figures have expressed concerns over the currency’s potential non-crime of “money laundering”, but overall the sentiment has focused on the technology and its goundbreaking nature. And so its really no surprise that many companies have adopted bitcoin. Bitcoin has now surpassed Western Union in total transaction volume and looks set to pass Paypal this year.
On Friday the US Mint announced it would stop rationing its popular American Silver Eagle bullion coins due to falling investment demand.
The Mint began rationing the American Silver Eagles last year due to sustained demand but recently told its authorized dealers they could buy as many Silver Eagles as they wish starting Monday.
The US Mint has been rationing coin sales to its authorized dealers since late January, 2013 following a suspension due to unprecedented demand, which depleted silver coin blanks.
[heading]Young People Would Rather Bank With Google Or Amazon Than Big Banks[/heading]
While people would traditionally go in and meet face-to-face with a bank teller, as we’ve all done, there’s a new gig in town: self-checkout.
Today, lines are forming for self-checkout banking. Only this process is much easier than the self-checkout of the grocery store because it’s online. And it’s not just bitcoin that is attempting to get the job done.
Young people are gravitating towards a world in which the bank-tellers chair behind the glass is vacant, meaning no need for actual bank branches. As Buzzfeed’s Matt Zeitlin states, “more Minority Report than It’s A Wonderful Life.”
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.
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.
“Scenes are now to take place as will open the eyes of credulity and of insanity itself, to the dangers of a paper medium abandoned to the discretion of avarice and of swindlers.” –Thomas Jefferson 1814
[heading]Banked & Poor: The Lose-Lose of Checkings & Savings[/heading]
As John Cheese at Cracked.com put it: “Being poor is like a game of poker where if you lose, the other players get to fuck you. And if you win, the dealer fucks you.”
[heading]As The Royal Family Celebrates With Silver, You Should Too[/heading]
Generally, culture is created by culture creators, who generally are the rich and famous people. Fans, for example, watch their favorite actors, actresses and musicians and copy their style.
[heading]Bitcoin & Silver In Tweets & Trends[/heading]
The month of June saw a steady increase in Twitter mentions of “bitcoin” with a steep drop off on July 1. The increase, however, as can be seen below, was indeed formidable. According to Google Trends, interest in terms of Google searches remained level, despite ending near the top-end of its one month chart.
[heading]Gold’s Biggest Quarterly Drop Since 1968: A Farce Or Sign of Times?/heading]
Gold and silver prices have hit their lowest points since August 2010. But, are investors and pundits looking at all the wrong indicators? It wouldn’t be surprising if they were, thus leading to liquidation spurred by manipulation and more liquidation. It is the Ivy league types who have buried precious metals under a mirage of arbitrary data points.
Trace Mayer took the time to discuss Bitcoin and silver with GoldSilverBitcoin.
TM: Hello and welcome to the Run to Gold Podcast. I’ve got with us special guest Justin O’Connell of GoldSilverBitcoin. One Thing I admire about you is you’ve got an open mind. We’ve got some people in the gold and silver niches who don’t have open minds, whether it is Chris Duane who has been bad-mouthing Bitcoin for two years and continues to badmouth it or people who think they can just ignore it like James Turk at GoldMoney. What do you think is driving BTC?
GSB: Well, I think first and foremost it’s the internet. Everyone believes in the Internet. Bitcoin is a microchasm of the Internet that can actually lead it in new directions. Google is going to try to shutdown websites that provide links for users to copyrighted material. They are going to do this the same way they did with WikiLeaks, through a “financial blockade.” WikiLeaks got around that with BTC, and The Pirate Bays will do the same.
GoldSilverBitcoin welcomes you to our inaugural blog post. We are now open, serving the public.