Articles related to counterfeit
Andy Hoffman - Miles Franklin
Special Supplement: Counterfeit Coins You Get What You Pay For
Miles Franklin has been in business for 27 years – with an A+ Better Business Bureau rating, and not a single registered complaint since opened our doors in 1989.  The company is still owned by the father and son team that founded it, Andy and David Schectman; and our brokers, on average, have been selling bullion since the early 1980s.  For a variety of reasons – from our sterling reputation; to competitive sale prices; the industry’s best “buyback” prices (particularly for Miles Franklin custo
Thursday, May 3, 2018
Mike Hewitt - Dollar Daze
  Hyperinflation around the Globe 
Angola (1991-1999) Angola went through the worst inflation from 1991 to 1995. In early 1991, the highest denomination was 50,000 kwanzas. By 1994, it was 500,000 kwanzas. In the 1995 currency reform, 1 kwanza reajustado was exchanged for 1,000 kwanzas. The highest denomination in 1995 was 5,000,000 kwanzas reajustados. In the 1999 currency reform, 1 new kwanza was exchanged for 1,000,000 kwanzas reajustados. The overall impact of hyperinflation: 1 new kwanza = 1,000,000,000 pre-1991 kwanzas.
Monday, April 23, 2018
Ayn Rand - Food for thought
Watch money if you want to know when a society vanishes 
"If you want to know when a society money. Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of moral existence
Sunday, April 15, 2018
Chris Powell - GATA
Congressman criticizes U.S. Mint for inaction on counterfeit precious metal coins
WASHINGTON -- U.S. Rep. Alex Mooney, R-West Virginia, criticized the United States Mint for its "disappointing and concerning" lack of awareness or action on the growing problem of high-quality counterfeits of U.S. precious-metals coins entering the country from China and elsewhere. In a letter dated March 6, Rep. Mooney took the U.S. Mint to task on its perfunctory one-page response to a prior letter that he and Rep. Frank Lucas sent last October asking for information as to whether and to what
Monday, March 12, 2018
BullionStar - Bullion Star
Your Weight in Gold
The traditional phrase “worth your weight in gold” has been used since Roman times, and is a well-known saying signifying that someone or something is very valuable, helpful, or to be treasured. But taken literally, what ‘value’ would a person be worth if they were worth their own weight in gold? For a given gold price, the answer not surprisingly depends on the person’s weight, so a more suitable and relevant question might be what value would an average person be worth if they were worth their
Monday, February 5, 2018
Andy Hoffman - Miles Franklin
When truth matters …confidence will break.
With the four page Congressional memo slated to come out today, our topic will be “confidence”. Confidence and all that goes with it stands to sustain a huge body blow! But first, we need to discuss a topic I have written about several times in the past that took a very strange turn yesterday …Harry Dent. For years he has scared (tried) hard money advocates by forecasting a collapse in gold to $700 and possibly even $250. I have written several times breaking his “Dented logic”, most recently he
Friday, February 2, 2018
Jason Hamlin - Gold Stock Bull
Is Tether a Scam That Will Crash the Bitcoin Price by 80
Tether is a “stablecoin” which aims to maintain a value of one US dollar per tether. It it connected to Bitfinex and created by officers from the company, one of the largest cryptocurrency exchanges in the world. Tether Limited claims that Tether is backed by reserves of U.S. dollars on a one-to-one basis. But some are claiming that Tether is not backed by dollars and is created out of thin air in order to pump the price of Bitcoin higher. They claim that Tether is a scam that will implode and c
Wednesday, January 31, 2018
Mish - Global Economic Analysis
Mnuchin, Trump Retract Dollar Comments: Hypocrisy Everywhere
Strong dollar, weak dollar, who wants what? It changes day to day. The ECB got into the act compounding the hypocricy. On Wednesday US treasury secretary Steven Mnuchin caused a quite a stir when he stated a "Weak Dollar is Good for Trade". On Thursday, Mnuchin tried to distance himself from what he stated. Now Mnuchin says "There are benefits and there are costs of where the dollar is, depending on which side of the table you are." Let's not beat around the bush. Exporters are one side of the
Friday, January 26, 2018
Frank Shostak
  Why Fractional-Reserve Banking Would Be Limited in an Unhampered Market 
The so-called multiplier arises as a result of the fact that banks are legally permitted to use money that is placed in demand deposits. Banks treat this type of money as if it was loaned to them, thus loaning it out while simultaneously allowing depositors to spend that money.RELATED: "Austrians, Fractional Reserves, and the Money Multiplier" by Robert BatemarcoFor example, if John places $100 in demand deposit at Bank One he doesn't relinquish his claim over the deposited $100. He has unlimite
Friday, January 12, 2018
Mike Maloney - GoldSilver
How to Buy Gold Bars 
There are a few factors to consider when researching and understanding how to buy gold bars. Before you start buying gold bars, you should consider: 1. Different sizes of gold bars. 2. Where to buy gold bars. 3. The ease of liquidity and hallmark recognition. I. Different Sizes of Gold Bars Gold bars come in different sizes or weights.
Thursday, January 11, 2018
Michael Ballanger
Melt-up, Up, and Away
While the moniker for this missive is "Gold and Gold Miners," I just sit back in absolute AWE as the global equity investors (otherwise known as "Stock jockeys") have decided that "cash is TRASH!" and despite a massive "miss" in the employment numbers this morning, within seconds of the release, the spin doctors manning the equity trading desks deemed that number "bullish" because it is less inflationary and may cause the Fed to "pause." So dollar-yen rallies, the USD index has a minor pop, gold
Sunday, January 7, 2018
Wolf Richter
I’m in Awe of How Far the Scams Stupidities around “Blockchain Stocks” are Going
This can happen only during the very late stage of a bubble. It just doesn’t let up. UBI Blockchain Internet, a Hong Kong outfit whose shares trade in the US [UBIA], filed with the SEC to sell an additional 72.3 million shares owned by its executives. In other words, it isn’t selling the shares to raise money for corporate purposes, but to allow its executives, including CEO Tony Liu, to bail out. This is happening after the company – which sports zero revenues and a disconnected phone number in
Friday, December 29, 2017
Keith Weiner - Monetary Metals
Cheering for Bitcoin
We have published many articles, arguing that bitcoin is unsound. Yet for all those arguments, there is a bright side to bitcoin. It is exciting to see that there is an audience of millions of people—mainstream people, not wild-eyed End-The-Fed gold bug preppers who keep their gold hoards with their stockpiles of ammo—who are looking for an alternative to the Fed’s failing fiat currency. Or if not looking actively, at least receptive to it. We believe that the most important force contributing t
Monday, December 18, 2017
Michael Ballanger
  Cryptojunkies: Beware the Ides of December
It was two years ago this week that I proclaimed that we were witnessing the final lows in the 2011–2015 bear market in the precious metals as gold traded down to $1,045 amidst total capitulation by the Large Specs and after massive short-covering by the Commercial traders. The weekly COT for that week showed an aggregate short position of a miniscule 2,911 contracts down from the earlier highs of over 300,000 contracts. About six weeks later, despite the earlier bottom in gold, the HUI (NYSE Ar
Tuesday, December 12, 2017
Gary Savage - Smart Money Tracker
Did we learn nothing from the tech bubble? The real estate bubble? The energy bubble? Apparently not, as here we go again. The next series of bubbles is now in progress (Bitcoin is the first). Let me go over again the signs of a bubble. Price will usually rally at least 100% or more in a year or less. A clear sign of out of control human emotions. Price will stretch 40, 50, or even 100%+ above the long term mean (200 day moving average). Investors will start to rationalize reasons for why this r
Thursday, November 23, 2017
Keith Weiner - Monetary Metals
Inflation and Counterfeit Credit
Let’s take a look at an often-repeated idea that is popular in the gold and alternative investing communities. The government possesses a printing press. Therefore, it will never default. It will just inflate its way out of the debt. It will devalue the dollar. The government does not set the value of the dollar. And it has no mechanism to set it. So, logically, it has no mechanism to reset it. It cannot devalue it. In the same way, you cannot lower yourself down by your bootstraps since you are
Monday, November 20, 2017
Stewart Dougherty
  Electronic Gold: The Deep State’s Corrupt Threat to Human Prosperity and Freedom 
There are crooks everywhere you look now. The situation is desperate.” Final blog entry by Daphne Caruana Galizia, 53, renowned Maltese investigative reporter who specialized in exposing state corruption; posted on 16 October 2017, one day before she and her vehicle were blown to bits by a car bomb in Bidnija, MaltaIn 2011, gold pulled a “Bitcoin” before anyone even knew what Bitcoin was: its price went vertical to $1,900 per ounce. Inflation-adjusted, the price was still fa
Tuesday, November 7, 2017
Chris Powell - GATA
Fake gold wasn't ours, Royal Canadian Mint says A gold bar purchased in Ottawa that turned out to contain no gold did not come from the Royal Canadian Mint, the Crown corporation said today. The mint's statement came the day after CBC News reported that tests showed the 1-ounce gold bar, purchased last month by an Ottawa jeweler from a Royal Bank branch in the Glebe, indicated it contained none of the precious metal. The bar was stamped with the Royal Canadian Mint'
Wednesday, November 1, 2017
Chris Powell - GATA
Elaborate fake gold bar sparks investigation by RBC and police RBC Royal Bank is working with police to investigate allegations that one of its branches on Bank Street sold a gold bullion 1-ounce bar that turned out to be an elaborate counterfeit. CBC reported today that on Oct. 18 Samuel Tang walked into the bank, located at the corner of Bank Street and First Avenue, to buy a 1-ounce gold bar. Tang is a gemologist and jewelry designer who works across the road at Joy Creations. Th
Tuesday, October 31, 2017
Sprott Money
Central Bank “Cryptocurrencies” Just a Different Kind of Funny-Money - Jeff Nielson
It is quite hilarious to watch the posturing of central banks and their media mouthpieces on the subject of cryptocurrencies. A recent Reuters article on the subject provided numerous moments of mirth. The title alone is good for a chuckle. Too Soon to Determine Risks of Central Bank-Issued Cryptocurrencies: BIS It’s always amusing when these shameless con-men (and women) attempt to portray themselves as sober arbiters of risk. Those who understand our monetary system are aware that the fu
Friday, September 22, 2017