Articles related to coin
 
Rory Hall - Sprott Money
China and Russia: Full Steam Ahead Towards a Cashless Society - Rory Hall
We reported back in November 2016 – Cashless World: 1 out of 3 People Never Use Cash – fewer and fewer people understand the importance of using cash to protect themselves from an overarching government warlord. At the time, China’s use of digitized currency was growing at about 40% per annum. This means millions of people each year freely hand over their cash and opt to use their cell phone, online currency transfers or a plastic debit/credit card to make 100% of their purchases. We see t
Wednesday, October 18, 2017
Chris Powell - GATA
Silver coin proposal discussed on Mexican TV by Salinas Price
Hugo Salinas Price, president of the Mexican Civic Association for Silver, was interviewed on television in Mexico on Saturday about his proposal for Mexico's central bank to issue an undenominated silver coin whose price in pesos would be guaranteed by the bank not to fall. Such a coin, Salinas Price explained, would provide a practical savings vehicle for ordinary Mexicans. It also would monetize a natural resource in which Mexico surpasses the world and thereby strengthen the nation's sovere
Wednesday, October 18, 2017
Chris Powell - GATA
Russia's 'cryptorubles' won't be very crypto at all
* * * Russia to issue 'cryptoruble' By Jon Buck The Coin Telegraph Sunday, October 15, 2017 Russian President Vladimir Putin has officially stated that Russia will issue its own "cryptoruble." He spoke at a closed-door meeting in Moscow, according to local news sources. The news broke through Minister of Communications Nikolay Nikiforov. According to that official, the state-issued cryptocurrency cannot be mined and will be issued, controlled, and maintained only by the authorities. The cryptoru
Wednesday, October 18, 2017
Mark O'Byrne - gold.ie
Puerto Rico Without Electricity, Wifi, ATMs Shows Importance of Cash, Gold and Silver
– Puerto Rico without electricity, wifi, ATMs shows importance of cash, gold and silver – Most of Puerto Rico remains in the dark and without power three weeks after storm – With widespread power failures, Puerto Rico remains cash only with retailers only accepting cash and few consumer having cash – Shortages of food, fuel and medicine with infrastructure repairs delayed – Power could be ‘out for months’ as 85% of people remain off the grid – Around 75% of ATMs disconnected – Electronic forms o
Monday, October 16, 2017
Koos Jansen - Bullion Star
  The Gold-Backed-Oil-Yuan Futures Contract Myth
On September 1, 2017, the Nikkei Asian Review published an article titled, “China sees new world order with oil benchmark backed by gold”, written by Damon Evans. Just below the headline in the introduction it states, “China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry”. Not long after the Nikkei piece was released ‘the story’ was widely copied in sensational analyses throughout t
Monday, October 16, 2017
Nathan Lewis - New World Economics
  The Silliness of the Bretton Woods Years
We’re continuing our look into One Nation Under Gold (2017), by James Ledbetter. October 2, 2017: One Nation Under Gold (2017), by James Ledbetter Ledbetter glided quickly over the period from 1914 to 1931, taking up the story again in earnest with the British devaluation of 1931 and, especially, the U.S. devaluation of 1933. This was treated with some interesting detail. However, Ledbetter made almost no mention of the fact that the U.S. returned to gold at the beginning of 1934 at $35/oz., and
Monday, October 16, 2017
Chris Powell - GATA
Is Britain ready to go cashless? UK heads toward abolishing physical money
The replacement of the forgery-prone old 1-pound coin, supposed to be fully implemented from tomorrow night, has sparked fresh speculation about how rapidly Britain is heading toward a new epoch in the history of spending -- the outright abolition of all physical cash. A report published this week puts Britain second in Europe and third in the world in its readiness to "go cashless." Only Canada and Sweden are closer than Britain to abandoning notes and coins, the report found. The data was ba
Saturday, October 14, 2017
Andy Hoffman - Miles Franklin
“Fade” the little guy for profit!
As many of you know, I worked in the brokerage industry as a stockbroker/branch manager for 23 years. During that time and the 10+ years since, I have seen the “herd” move(d) violently in tandem many times. For years, smart investors would discern what retail investors were doing as a group and do the opposite quite profitably. It has been said and I have to agree, “the little guy is almost always wrong, and wrong at the wrong time”. Fade the little guy, it is usually quite profitable! We are ag
Friday, October 13, 2017
Jan Skoyles - GoldCore
U.S. Mint Gold Coin Sales and VIX Point To Increased Market Volatility and Higher Gold
– US Mint gold coin sales and VIX at weakest in a decade – Very low gold coin sales and VIX signal volatility coming – Gold rises 1.7% this week after China’s Golden Week; pattern of higher prices after Golden Week – U.S. Mint sales do not provide the full picture of robust global gold demand – Perth Mint gold sales double in September reflecting increased gold demand in both Asia and Europe – Middle East demand likely high given geopolitical risks – Iran seeing increased gold demand and Iran’s
Friday, October 13, 2017
Mark O'Byrne - gold.ie
Young Guns of Gold Podcast – ‘The Everything Bubble’
– Precious Metal Roundtable discuss gold in 2017 and outlook – Gold +9.1% year to date; Performing well given Fed raising rates, lack of volatility and surge in stock markets – “People are expecting too much from gold” – Economy: Inflation indicators, recession on the horizon, global debt issues – Global demand: ETF inflows, Russia central bank purchases, Germany investment figures and international coin demand bode well for gold – “First monetary inflation, then asset inflation, next is price i
Thursday, October 12, 2017
Mark O'Byrne - gold.ie
Perth Mint Gold Coins Sales Double In September
– Perth Mint gold coins see sales double on month in September – Perth Mint silver bullion coin sales surge 78% in September – Perth Mint sold 46,415 ounces of gold in September – Nearly six times more gold coins sold at Perth Mint than U.S. Mint in September – Sales surge at Perth Mint from low base; could indicate trend change and higher demand in coming months Click image to enlarge From Reuters: The Perth Mint’s sales of gold products doubled in September from a month earlier, while silver
Monday, October 9, 2017
Perth Mint Blog - Perth Mint Blog.
Kookaburras flying high in 2018
Today marks the availability worldwide of our iconic Australian Kookaburra Silver Bullion Coin Series for 2018. Struck from 99.99% pure silver with impeccable attention to detail, this year’s coins are available in 1 kilo, 10oz and 1 ounce sizes. In keeping with recent tradition, the 1oz release is restricted to a maximum mintage of 500,000. Produced annually since 1990 with fresh artistic interpretations of Australia’s most famous bush bird, the Kookaburra is regarded by investors worldwide a
Wednesday, October 4, 2017
Michael Pento - Delta Global Advisors
  Bitcoin is Not New and Improved Money 
Cryptocurrencies are being billed as a new and improved form of money that has been offered to us courtesy of technological evolution. There is a big problem with this conclusion. That is, digital money is not money at all. And proving this truth serves to underscore why gold has been utilized as the best form of money for thousands of years. In the 2013 film titled “Her,” lonely Theodore, played by Joaquin Phoenix, falls in love with Samantha, an operating system. Despite Samantha’s lack of phy
Wednesday, October 4, 2017
Andy Hoffman - Miles Franklin
The Gold Coin Dilemma, Politics and Nonsense
There are five identical bags of gold, and each contains ten gold coins. However, one of the five bags contains fake gold. The real gold, fake gold, and five bags appear identical, except the coins of fake gold each weigh 1.1 ounces, and the real gold coins each weigh 1 ounce. You have an accurate digital scale and CAN USE IT ONLY ONCE. How do you determine which bag contains the fake gold? (Thanks to my friend Brian C. for sending me this dilemma.) There is a straight-forward answer to this
Wednesday, October 4, 2017
Nathan Lewis - New World Economics
  One Nation Under Gold (2017), by James Ledbetter
One Nation Under Gold (2017), by James Ledbetter, is, pretty much, a gold-bashing exercise. I think it is propaganda: that is to say, not a forthright expression of an individual’s independent and informed view, but an intentional effort to mold public opinion to serve certain agendas. The tone and method is very much like The Power of Gold: the History of an Obsession, by Peter Bernstein, seventeen years earlier — so similar, indeed, that it sometimes seems that it could have come from the same
Tuesday, October 3, 2017
Rory Hall - Sprott Money
A Never Ending Supply of Oil/Yuan/Gold Backed Contracts - Rory Hall
Another article about the oil/yuan/gold contract with ZERO source links to the contract or providing the name/department of the Chinese official that is supposed to be making this announcement. How can something change anything when there is zero substance? We published the contract and the futures contract that is on the Shanghai International Energy Exchange – click here – There is zero use of the word gold; there is zero information about gold being used in any form for this contract.
Tuesday, October 3, 2017
Keith Weiner - Monetary Metals
Is That a Feature or a Bug?
We have covered many reasons why bitcoin is unsound and not money. It’s a ledger of unbacked liabilities. It is designed to have finite quantity but therefore indeterminate and hence volatile value. This makes it unusable for borrowing or lending and hence savings, but a great a vehicle for conversion of one person’s wealth into another’s income. It is not a commodity—discussion of the usefulness of the network notwithstanding—nor is it backed by a commodity or any asset. It is a perfect, crypto
Monday, October 2, 2017
Chris Powell - GATA
Cryptocurrencies drop as South Korea bans new coin offerings, margin trading
Ethereum and bitcoin dropped after South Korea banned domestic initial coin offerings and margin trading in cryptocurrencies. The Financial Services Commission in Seoul said all forms of ICOs are prohibited in the country, including projects that share profits, rights, dividends, and other "coin-style" offerings, according to a statement. The commission also banned the practice of loaning funds to trade currencies including bitcoin and ethereum, according to an official who clarified the stateme
Monday, October 2, 2017
Rory Hall - Sprott Money
It’s All About Taking Away Our Cash - Rory Hall
At least the criminal banking cabal in Japan is honest about the development of cryptocurrencies and it is all about getting people out of cash and onto the digital plantation. A consortium of Japanese banks are set to launch a new national digital currency in a bid to wean citizens off cash, the Financial Times reports. The FT says that a consortium led by Mizuho Financial Group and Japan Post Bank plans to launch the new digital currency in time for the Tokyo 2020 Olympics. The new
Monday, October 2, 2017
Mac Slavo - ShtfPlan
Japanese Banks Plan To Launch A Digital Currency Meant To Kill Off Cash
Japan’s central bank is currently planning to back a scheme that would permanently kill off cash. Using blockchain technology, the J-Coin is now under development by Japanese bankers. The J Coin has the blessing of financial regulators as this will literally end Japan’s cash dependency. According to the Financial Times, the currency is meant to launch in time for the 2020 Tokyo Olympics as a way to streamline the country’s financial system. The idea for J-Coin is that it would sit alongside the
Wednesday, September 27, 2017
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