BRICS, Central Bank Gold and Oil
Days after Nixon resigned in 1974, President Ford signed legislation reversing Roosevelt’s executive order banning private gold ownership.
Manufacturers & Mints
Modern History of Silver Coins in the US Economy
Precious metals coins have been found by archaeologists and historians that date back thousands of years. Historians and archaeologists from around the world have unearthed precious metal coins from cultures that vanished long ago. Many notable examples from China, India, Ancient Greece and Egypt are on display in museums. Silver, Gold and other precious metals … Read moreModern History of Silver Coins in the US Economy
NY Federal reserve launches CBDC “trial” on the heels of FTX collapse
Several weeks ago, the New York Federal Reserve quietly launched a 12 week long trial of a CBDC “digital dollar” pilot program in partnership with global banking giants like Citigroup Inc, HSBC Holdings Plc, Mastercard Inc and Wells Fargo & Co. The NYFR describes the project as an attempt to test the feasibility of using … Read moreNY Federal reserve launches CBDC “trial” on the heels of FTX collapse
Weekly Precious Metals News and Gold Prices
Gold, Silver and Platinum began trading higher in the lead up to the midterm elections. There continues to be controversy surrounding the counting of votes in some states and precincts. Most mainstream media outlets have confirmed that the balance of power in the House of Representatives will shift across the aisle to the Republican party. … Read moreWeekly Precious Metals News and Gold Prices
A-Mark/JM Bullion acquires BGASC
On August 30, A-Mark announced that their JM Bullion subsidiary had entered into an agreement to buy online bullion dealer BGASC for $4.5 million in cash. BGASC was founded in 2012 in California and has reported more than 70,000 customers and $200 million in annual revenue. BGASC is an abbreviation for Buy Silver and Gold … Read moreA-Mark/JM Bullion acquires BGASC
US Mint Halts Production of 2022 Morgan Dollar and Peace Dollar Coins
The US Mint has announced a pause in the production of the new Morgan and Peace dollar coins. The suspension of sales and production is a result of supply chain constraints brought on by the pandemic. The Mint has stated previously that they have been having difficulty procuring silver planchets to meet demand and production … Read moreUS Mint Halts Production of 2022 Morgan Dollar and Peace Dollar Coins
What Is COMEX?
COMEX is a commodities futures exchange where the supply of future raw materials and other goods is traded for delivery in the future. KEY HIGHLIGHTS COMEX is an electronic trading platform that allows investors and brokers to trade futures contracts on a variety of consumable resources, both man-made and natural. Oil, pork bellies, orange juice … Read moreWhat Is COMEX?
Is Owning Precious Metals Legal?
On April 5, 1933 President Franklin Roosevelt signed Executive Order 6102 which outlawed the private ownership of gold by citizens.
For a duration lasting 41 years in the mid-20th century, the government made it a crime for the people to own, hold or transact in sound money.
Following the resignation of Nixon, one of the first laws signed by President Ford included a bill which reversed Roosevelt’s Executive Orders.
It has been legal for anyone to own, hoard, buy and sell gold in the United States since December 1, 1974.
US Mint Clarifies Statement Regarding Global Silver Shortage
The US Mint released a statement confirming a global shortage of silver after the website outages during the pre-sale of the 2021 Morgan Dollar commemorative coins. “The global silver shortage has driven demand for many of our bullion and numismatic products to record heights. This level of demand is felt most acutely by the Mint … Read moreUS Mint Clarifies Statement Regarding Global Silver Shortage
American Silver Eagle Mintage History
The American Silver Eagle Coin was created by the US Mint in 1986 to establish a way to encourage the private ownership of precious metals. Silver Eagles are issued in both bullion and proof versions. Bullion versions are intended for investment and have higher mintages, while proof versions are produced annually, the mint has issued … Read moreAmerican Silver Eagle Mintage History